Market overview of cryptocurrencies
????The market is trading in a narrow range. BTC dominance is increasing, and currently, altcoins are noticeably weaker than BTC, even after the recent surge. ETH is also falling relative to BTC. There is an anomalous accumulation of shorts on BTC, indicating that if there is an upward movement, it will be sharp. Next week,...
What Is a Cryptocurrency Whitepaper?
A cryptocurrency whitepaper is a document that outlines the key details of a blockchain or cryptocurrency project. It serves as a way for projects to communicate their goals, products, and features to their audience. While the information provided can vary, whitepapers typically cover topics such as the project’s tokenomics, team members, and overall vision. This...
Investors Show Strong Preference for Bitcoin in Digital Asset Market: Report
CoinShares recently published its Digital Asset Fund Flows Report, which revealed that digital asset investment products are attracting significant interest from investors. Last week saw inflows of $76 million, the fourth consecutive week of growth, bringing the year-to-date total to $230 million. This increase has led to a rise in assets under management, which now...
The Decentraland metaverse – Decline continues
In the Decentraland metaverse, some events are taking place to increase the platform’s attractiveness and attract new users, and recently the fashion week ended, although it lasted only 4 days for some reason. ✔️Only 26,000 unique users visited Fashion week, imagine these small numbers, while the project’s market capitalization is over $1 billion. However, I...
Bullish Flag Formation Resembles 2019 for Bitcoin
In the world of cryptocurrency, market patterns and technical analysis play a significant role in predicting price movements. One such pattern is the bullish flag formation, which has recently been observed in the chart of Bitcoin. This formation is characterized by a period of consolidation after a strong upward price movement, with the price moving...
Cryptocurrency Market Review
Today promises to be an interesting, volatile day, with Friday being the last 1.5 months determining movements over the weekend. A particularly important trend in the crypto market is the tendency to often return to Friday’s closing prices (on Sunday evenings). News Yesterday’s news was negative: US GDP for Q4 was revised, inflation was higher,...
Market Overview of Cryptocurrencies
BTC briefly returned to the triangle formed since February 15th and then went back into correction, stopping in the support zone of $23,500-$23,800. Altcoins are also correcting, but there is no panic in major altcoins. There is a lot of negativity in the market. Several investment banks reflect the same thought in their analytical reports...
Market Overview of Cryptocurrencies
The cryptocurrency market remains strong despite the rise of the US dollar in February and weak dynamics in the stock market. BTC and ETH are holding at high levels, with some altcoins experiencing phenomenal growth. Yesterday’s report on the US business activity index (PMI) was weak, but it did not cause the market decline. Instead,...
Crypto Market Overview
BTC failed to overcome the resistance zone of $28,700 – $28,850. Meanwhile, Ether came close to setting new yearly highs. The situation is complicated, with bulls showing their strength in the cryptocurrency market, alongside growth in the stock markets. There were many positive news items on Friday, including: However, there are also negative factors: Even...
April 1, 2023
2 min to Read
What is Venus Protocol?
Venus Protocol is a decentralized finance (DeFi) platform built on the Binance Smart Chain. It aims to provide users with a wide range of financial services, including lending, borrowing, and trading, with a focus on the use of cryptocurrency assets. The platform operates using the Venus token (XVS), which is used for governance and to...
February 19, 2023
2 min to Read