The global crypto market capitalization on 11 July stood at $914.71 billion with a decline of 3.6% over the last day. On the other hand, the total crypto market volume was $55.15 billion with a 2.25% ...
Tag: Decoding
Polygon missed another shot at reclaiming $1- Decoding the reasons
Polygon has made a name for itself in the DeFi space. It is the third-largest chain in terms of the number of active protocols. Recently, the blockchain took a step in the direction of advancing Web3....
Elrond: Decoding reasons behind EGLD’s attempts to rally
Elrond, a fast, scalable smart contract blockchain network witnessed an impressive amount of traction this week. In fact, the EGLD token’s price jumped by 9% over the last 24 hours of 3 July to tade a...
Decoding Ethereum’s ‘Consensus-layer Call 90 Agenda’ for trading focus
Briefs on the latest Ethereum Consensus Call have been released. It includes important notifications about the network and its progress toward the Merge. The Merge awaits Christine Kim, a research ass...
Bitcoin: Decoding why BTC fell below $20k mark on 30 June
Crypto bears initiated a fresh assault on Bitcoin [BTC] in the morning of 30 June, pushing the king cryptocurrency below $20,000. The sell-off started shortly after Grayscale announced that its Bitcoi...
Decoding how Ethereum traders can take advantage of rising wedge
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Over the last few days, Ethereum’s [ETH] revival from the $900-zo...
Is Terra Labs Involved in Price Manipulation With $3.6B USDT & UST? Decoding the Truth
Terra Labs may have roughly $3.6 billion in USDT and UST, as shown in a CoinDesk Korea article. According to the news source, the money could be used for exchange and DeFi price gouging or financial f...
Yuga Labs vs. Ryder Ripps: Decoding the impact of the lawsuit on the performance of ‘Apes’
Yuga Labs is the limelight again. However, this time around the NFT giant announced that it has filed a lawsuit against old critic Ryder Ripps in a 43-page testimony in California. The founder of the ...
Decoding the reasons behind Chainlink’s [LINK] recovery from crash
A token that has recently been making up for lost ground in the crypto market is Chainlink [LINK]. New developments on the network are already showing positive reinforcements on the native LINK’s pric...
Decoding if ApeCoin can recover its 45% descent ahead of ApeFest
ApeCoin, the native token of Bored Ape Yacht Club (BAYC) is currently nothing more than a fantasy since it serves no use case apart from being a governance token. Despite that, it has somehow managed ...
Decoding the Possibility of USDD Dropping More, How Tron DAO Is Set To Protect
TRON’s freshly introduced USDD algorithmic stablecoin has already encountered difficulties. It wasn’t long ago that the crypto market saw the demise of a crypto asset. This crash was influenced by Ter...
Decoding why ADA’s structural support is holding strong despite headwinds
ADA is finally showing its strength after being one of the most sold-off cryptocurrencies since September last year. Most of the top cryptocurrencies achieved new 2022 lows in the last few days courte...
Decoding the LUNA 2.0 v. LUNA Classic debate: Which one should you buy
It is roughly one month since LUNA and UST crashed. There have been significant changes during that time, including a plan to keep LUNA alive through a fork. The latter resulted in LUNA 2.0 and LUNA C...
Ethereum Merger Will be Delayed Again? Decoding the Probability
The long-awaited Merge update was launched on the Ropsten testnet earlier this week by Ethereum developers. However, on a Friday session, the developers chose to postpone the difficulty bomb, which is...
Report: Decoding how global Bitcoin adoption can cross 10% by 2030
The global adoption of Bitcoin is set to further increase tremendously by 2030 as per Blockware, an infrastructure provider for blockchain technologies. The prediction does not come off as surprising ...
Decoding Fantom’s [FTM] latest whale trick for investors
Fantom has been in the news lately. It has been able to successfully woo the top Ethereum whales but its price action hasn’t been remarkable. The latest upgrades have also been well-received by the CE...
Decoding Optimism’s 36% crash and what went on behind the scenes
Just days after its launch, the Optimism’s native token, OP faced its first major hit over a $20 million mistake. The Optimism Foundation ‘accidentally’ transferred 20 million OP tokens to the wrong m...
LUNC: Decoding what growth in number of unique addresses could mean for investors
As people continue to run from Terra’s Luna Classic token [LUNC] and its accompanying stablecoin, UST, recent data from CoinMarketCap showed that even more people are running towards it. Following the...
Decoding AAVE’s ride from $111 to $98 and its 24-hour tale
With price retracement underway in the cryptocurrency market, Bitcoin climbed above the $30,000 strategic price region during intraday trading on 6 June. The altcoin ecosystem was also impacted by the...
Decoding why a halted DEX on Elrond Network sent ELGD rolling down a slope
Yesterday, following the detection of a “set of suspicious activities”, Maiar Exchange (Maiar Dex) a decentralized exchange deployed on the Elrond Network, was placed under maintenance. Beniamin Mincu...
Decoding how attackers managed to compromise BAYC Discord servers yet again
Hackers are much a part of the crypto ecosystem as much as investors and traders, and the Bored Ape Yacht Club (BAYC) has proved the same time and again. The NFT club once again reported a hack over t...
OpenSea, NFT, front running- Decoding the latest eye-opening case
The Bored Ape Yacht Club (BAYC) took a huge hit in May as did the NFT market. The most prominent event was the Terra collapse which sent shockwaves across the crypto sphere. Now, you may ask, how did ...
Decoding why Yearn.Finance continues its losing streak despite healthy ROIs
One of the top 15 projects in the DeFi space, Yearn.Finance is considered to be amongst the few reputable projects in the crypto space. But this reputation is taking a hit day on the day as the value ...
Ethereum [ETH]: Decoding next steps with 600k option contracts expiring soon
“It’s not about the money- It’s about the game.” The composite character, Gordon Gekko from the 1987 film ‘Wall Street’ puts it well. And, perhaps, ETH option writers must be overjoyed to see that the...
ApeCoin [APE]: Decoding the reason behind its major rally over the past day
Despite the success recorded by Yuga Labs with the sale of real estate on its “Otherside” Metaverse that went live on 30 April, there is no gainsaying in denying the series of catastrophes that the en...
Decoding the metrics behind UNUS SED LEO [LEO] and its short-lived rally
It’s hard to resist a near-vertical rally, and especially when it comes from a top 20 cryptocurrency. Can such a trend last, or will it be gone with the wind? UNUS SED LEO [LEO] was one of those asset...
Decoding why Bitcoin[ BTC] is below the $30k range yet again
The Bitcoin [BTC] saga seems never-ending as the flagship cryptocurrency fell below the $30k mark yet again. The king coin did witness signs of recovery after the Terra collapse but looks like the cry...
Decoding if Tron [TRX] is still holding on to some of its latest gains
Tron blockchain’s native cryptocurrency TRX was perhaps one of the best cryptocurrencies to be held during the latest market crash. It also seems to be holding strong despite the currently shaky marke...
Decoding why BTC, XRP, ADA-focused investment products saw ‘pity’ inflows
Investors in the cryptocurrency universe went scrambling after the dramatic crash of the stablecoin TerraUSD. This sudden fall triggered a sell-off and chaotic situation within the crypto market. Desp...
Chainlink causes $11.2m loss to Venus protocol- Decoding the aftermath
Chainlink, despite not being a traditional cryptocurrency, has a significant number of investors holding over $3 billion in market cap. All thanks to the use cases it presents to DeFi protocols across...
Solana: Decoding the aftermath of the recent losses on SOL’s technicals
Solana (SOL) bulls had to face up to yet another liquidation post a broader market sell-off over the last two days. On its way south, SOL fell toward the $35-baseline for the first time in over nine m...