Mixed Sentiment in Crypto Market The Crypto market is usually led by the market creator, Bitcoin. If Bitcoin’s value drops then subsequently values of all cryptocurrencies fall. However, this does not happen all the time as exceptions are also quite frequent. Similar exceptions were noticed at the end of last week, although the sentiment in…
Reports from the Labor Department indicated that the United States consumer prices slowed in September compared to the previous month. Moreover, inflation emerged faster than what experts had forecasted. Meanwhile, the crypto market noted upsides. Cryptocurrencies revived on Friday following inflation numbers, though still within the range before the data. Nevertheless, the crypto market recuperated…
UNI presented a lucrative performance over the previous week, outperforming several ‘usual’ gainers with a more than 10% uptick. Meanwhile, such developments brought some hope to optimistic market players. While publishing this blog, UNI changed hands near $6.33, with its market capitalization above $4.8 billion. Uniswap’s recent actions emerged from the platform developments that welcomed…
Uniswap has gained approximately 8.05% over the past seven days. UNI has retained optimistic price actions regardless of the present bearish market. However, what could be behind Uniswap’s impressive performance? The platform has seen several developments that might have contributed to this surge. Uniswap’s product head, Scott Gray, revealed that the firm would launch non-fungible…
Arbitrum, an Ethereum Layer2 solution, looks to regain its lost charm in the cryptocurrency space. The roll-up solution will undergo a massive Nitro upgrade next week. Meanwhile, Arbitrum witnessed an enormous surge in daily transactions, crossing 180,000 this week. Indeed, Arbitrum appears healthy compared to its rival, Optimism. Arbitrum’s organic growth saw it maintaining a…
Ethereum’s announcement of its transition to Proof-of-Stake (PoS) from the Proof-of-Work (PoW) protocol did not come as a piece of cheering news for the category of people. The people whose activities are threatened by the upcoming Merge are the Ethereum miners. As a result, the aggrieved miners are called the ETHPOW group. The ETHPOW group…
Monero, Helium, and Uniswap recovered from downbeat this week after losing steam over the past few weeks. These alternative coins gained over 20% within the last seven days and have their short-term technicals suggest more upswings. The past 24 hours had UNI, XMR, and HNT gaining over 11%. Let’s check the levels you may need…
