BitDAO [BIT], the token of the Bybit contribution group, dumped as much as 20% in less than two hours after Alameda Research made moves to sell-off its BIT holdings. In an unanticipated tweet, Bybit C...
Tag: Decoding
Decoding ATOM’s stern resistance despite this pending Cosmos rejection
Cosmos [ATOM] co-creator Jae Kwon’s proposal to develop “one constitution” might not result in a favorable outcome for the founder. On 31 October, Kwon had proposed an interchain hub to foster the sec...
Decoding the State of Dogecoin holders After DOGE Price Surged More Than 150%
Dogecoin has benefited from the recent upsurge in the global cryptocurrency market, which has led to a rise in the number of alternative cryptocurrencies. Following a significant increase in DOGE, the...
BTC investors and whales witness a change of heart and plans — Decoding ‘why’
Bitcoin [BTC] futures traders changed their “mode of operation” since the coin exited the $19,000 region on 25 October. According to CryptoQuant analyst Maartunn, open interest in the derivatives mark...
Ripple gets new allies- Decoding what this update means for XRP
As fresh information about the case comes in, the Ripple v. SEC case just continues to grow more intriguing. After much opposition, it was disclosed last week that the SEC had finally conceded to the ...
Could Bitcoin’s security be at risk as a result of this update? Decoding details
Bitcoin [BTC] managed to surpass the $19,000 level towards the end of October. The king coin was constrained to this level for the longest time and made several attempts to move past it. Both holders ...
Decoding The Possibility of Bitcoin (BTC) Price Surging Above $30K By 2022 End
Despite all the shattering records, Bitcoin quickly lost its hold on the record price and started to decline before the end of the previous year. The coin gradually reached its lowest as a result of a...
Ethereum: Decoding if ETH would lose sight of $1,600 and its dominance over this…
As October nears its end, Ethereum [ETH] has been able to sustain its price dominance over Bitcoin [BTC] with signs to even command better. An overview of the last thirty days showed that ETH increase...
Decoding Ethereum [ETH] whales’ movement for your next trade
Ethereum, the second-largest cryptocurrency in the world, witnessed a lot of volatility in its prices after the merge. However, over the last seven days, Ethereum’s price seems to be forming a plateau...
Aptos [APT] recovers with TVL hike after abysmal start – Decoding ‘how’
After attracting a lot of attention and disappointment earlier, Aptos [APT] seemed to have steadied its ship. According to DeFi Llama, the layer-one blockchain recorded one of the highest Total Value ...
“Pro-crypto” British Prime Minister in Reality “Anti-Crypto”? Decoding the Truth
According to Rishi Sunak, using cryptocurrency and blockchain technology can enhance people’s lives. However, his support for CBDCs has raised questions about his allegiances. The pro-Crypto Reputati...
Decoding the state of Aptos with the ongoing “pump-and-dump” of APT
Over $4 million have been bridged from Ethereum [ETH] to Aptos [APT] in two days after the blockchain listed on top exchanges on 19 October. Nansen, the blockchain analytics platform, revealed this i...
Decoding Lido Finance’s next move now that ETH PoS is fully operational
Lido Finance really took the crypto staking market by storm, especially with its liquid staking feature. The Ethereum merge hype that contributed to Lido and LDO’s popularity has already died down. Bu...
Algorand is now on Cardano? Decoding the true picture
Charles Hoskinson, the co-founder of IOHK (Input Output Hong Kong), tweeted that Algorand was now on Cardano in a rather dramatic manner. Hoskinson responded to a tweet announcing that Milkomeda, a la...
ETC struggles to find enough bullish momentum- Decoding ‘why’
At least four weeks have passed since the Ethereum Classic [ETC] hash rate peaked after Ethereum’s merge. It has pulled back significantly since then and a look at its current hash rate reveals some i...
ApeCoin: Decoding the AIP factor in APE’s growth story
In a recent tweet, ApeCoin revealed that 36 AIPs were in process in the last week and five new AIP ideas were submitted. This looked quite promising as it added value to the ApeCoin network. To clear...
Decoding if this LDO six-figure accumulation is enough fix for a breakout
Lido DAO Token [LDO] may have led investors on and eventually disappointed them but now may be the time it restores confidence. According to DeFinder, new addresses on the liquid staking protocol seem...
Decoding what Avalanche Q3 report could mean for your portfolio
On 11 September, Avalanche [AVAX] saw some important announcements and events, as OpenSea, the largest peer-to-peer marketplace for NFTs on Ethereum launched on the Avalanche proof-of-stake blockchain...
Cardano: Decoding the NFT, DeFi factor in ADA’s journey
Cardano [ADA] was one of the few cryptocurrencies that were extremely affected by the bear market of Q2 and Q3. In fact, the price of ADA has witnessed a massive depreciation over the past month. Furt...
Lido Finance launches layer-2 Ethereum staking- Decoding its impact on LDO
In a series of tweets made by Lido Finance [LDO] on 6 October, the leading Ethereum [ETH] staking platform confirmed the launch of ETH staking on layer two scaling solutions with token bridging to Arb...
Decoding SushiSwap’s [SUSHI] unprecedented price growth
Golden Tree, an asset management firm, took a $5.3 million token stake in SushiSwap. Following this development, the SushiSwap token saw immense growth over the past 24 hours. Now, the question is- Wi...
Decoding if Polkadot’s high development activity will reflect on its price
Polkadot [DOT] has been in the limelight for several reasons in the last few weeks. As per data from Messari, Polkadot had the largest developer ecosystem outside Ethereum [ETH]. Polkadot still has t...
Transit Swap: Decoding the curious case of lost-and-partially found
On 1 October, 2022, Transit Swap, was the latest victim of a hack wherein the organization lost $23 million. However, within 24 hours of the attack, the DEX aggregator received 70% of the stolen $23 m...
Will Bitcoin (BTC) Price Drop To $12K in October? Decoding The Possibility
Top cryptocurrencies fail to pique traders’ interest, and the cryptocurrency market remains dominated by bears. The price of bitcoin (BTC) is lagging behind even the $20k mark, hovering in a range of ...
Christie’s to launch an NFT marketplace- Decoding details
Famed British auction house Christie’s has announced the launch of its dedicated NFT marketplace. Christie’s yesterday (27 September) announced on Twitter that it is going to launch a dedicated NFT m...
Bitcoin ETP set to debut on European stock exchange- Decoding details
Toronto-based Valour Inc. (formerly known as DeFi Technologies Inc.) is set to debut its Bitcoin Carbon Neutral Bitcoin Exchange Traded Product (ETP) on Börse Frankfurt, Germany’s largest stock exchan...
Decoding why Helium community approved migration to Solana
After mulling over a critical proposal for almost ten days, the Helium community has concluded a landmark vote to approve Helium Improvement Plan 70 or HIP 70. Closer look at the proposal HIP 70 has b...
ETH outflows over last month stood at $80 million- Decoding details
Weeks leading up to the Ethereum merge were marked by skepticism amongst investors, with many doubtful of the success of the network’s transition into a proof-of-stake mechanism. This led to increased...
Decoding why Ethereum [ETH] investors are unhappy after 15 Sept.
Despite being the most significant event in the history of its chain, the Ethereum merge has since failed to influence a positive price reaction for the leading altcoin, Ether [ETH]. According to dat...
ATOM bears take over a short bull party- Decoding ‘why’
ATOM was among the few cryptocurrencies that managed to bypass last week’s bearish pressure. While this paved the way for the bulls, their dominance is short-lived after encountering friction at its s...
Will Terra Classic (LUNC) Ever Hit $1? Decoding The Possiblity
After the Terra crash in May 2022, TerraClassic (LUNC) was introduced soon after, with promises to make amends for everything that had gone wrong previously. Since the start, LUNC faced backlash from ...