OPNX exchange bids for crypto lender Hodlnaut in Singapore
If approved, the deal would see a capital injection of nearly $30 million worth of FLEX tokens into Hodlnaut to partially cover creditors’ payout and outstanding claims.
If approved, the deal would see a capital injection of nearly $30 million worth of FLEX tokens into Hodlnaut to partially cover creditors’ payout and outstanding claims.
During the last bull run there were many TA posts on here, and now not so much. TA posts about BTC and many other altcoins, with key resistance lines, ‘golden crosses’, double bottoms, etc. I’ve not seen a single TA post that wasn’t actually a meme in who knows how long. What happened? Did everyone…
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Everyone has a story. From first hearing of bitcoin/ crypto. To buying, to likely losing their crypto and bouncing back. Some leave the space all together and watch in horror. What is your story? We’re you one of the lucky ones that practised self custody of crypto assets? If not how did you bounce back?…
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This post is inspired by numerous "No way I'm clicking that link" comments which make crypto look a lot more dangerous than it is. In reality, even scams have to follow rules and require certain steps, so let's look at what is dangerous and what isn't. Clicking a link With an up-to-date Operating System and…
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So a Twitter user name robbyhammz had $300k worth of Azuki NFTs drained from his wallet. Azuki are a pretty popular NFT collection, and their current floor price is over 5ETH. There are exactly 10k Azukis so you could say they're relatively scarce. Anyways here is his tweet about it: https://twitter.com/robbyhammz/status/1687672153796235265 So he searched for…
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Compound (COMP), a leading player in the decentralized finance (DeFi) sector, has encountered a significant setback, witnessing a 20% decline in its price over the past week. The downward trend continued with a 3.06% decrease in the last 24 hours and an additional 0.79% shrinkage in the most recent hour, placing the current price at $55.62 per COMP. Moreover, COMP is now 93.90% below its all-time high of $911.20, a substantial drop from its previous peak. Related Reading: Crypto Analyst Points To Bitcoin Price History Repeating Itself – Are The Signs Bullish? Challenges Ahead For Compound Currently priced at $56.69, Compound (COMP) holds the 85th spot among all cryptocurrencies based on market capitalization. With 7,792,894 COMP tokens in circulation, the token’s total market capitalization amounts to $440,641,903. The current rankings and market performance indicate that COMP faces significant challenges amid recent market conditions. Recent price declines have resulted in COMP slipping down the rankings, indicating the need for cautious monitoring of market conditions. In the ever-changing landscape of cryptocurrencies, tokens must continuously adapt to market trends, technological developments, and regulatory changes to maintain and improve their positions. As investors and traders navigate this complex environment, they must exercise due diligence and stay informed about the factors affecting the performance and rankings of tokens like Compound. COMP Price Analysis And Prediction This persistent bearish movement is a cause for concern, and potential investors should exercise caution. The current market conditions suggest that COMP is in a downtrend, indicating that the token is experiencing a dip. Various factors, including market sentiment, external events, and regulatory developments can influence price declines of this magnitude. Examining the situation from a broader perspective, the Compound cryptocurrency’s price trajectory is anticipated to maintain a bearish outlook as long as it remains below the $71 threshold. At present, the trading value rests at $58.28. Should the price break below $51, it is likely to head towards the midpoint of the established trading range, situated at $40. A more substantial retracement would lead to a reevaluation of the lower range boundary, potentially bringing it down to $26. Related Reading: XRP Whales Trigger Price Decline With Large Selling However, there is a silver lining for those considering investing in Compound. Over the past 90 days, the token recorded a 44.33% price increase, adding $17.41 to its previous value of $39.28. This demonstrates that Compound has displayed positive performance in the past, indicating the potential for a rebound once market conditions stabilize. The cryptocurrency market is characterized by cycles of ups and downs and historical data suggests that tokens like COMP can recover and experience growth after periods of decline. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from iStock, chart from TradingView
Introduction With this post I want to provide you with some interesting trading Data and an unbiased potentially outlook where this could lead to in the next days / weeks. As many of you know Bitcoin has been very slow recently barely moving up nor down in a smaller range. In the last almost 5…
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The Shiba Inu coin showed its teeth over the weekend, with a solid 15% increase in value. Shiba Inu is creating a name for itself in the financial world and is far from being just another cryptocurrency begging for attention. This coin’s recent increase has raised the question: Does it have the ability to come out stronger in a bear market – or is it just all noise? Shiba Inu made a sharp rally after exiting a phase of consolidation on Friday afternoon. At the time of writing, the meme coin was trading at $0.0000097, up 9.2% in the last 24 hours, data from crypto market tracker Coingecko shows. The highlight of SHIB’s solid upward trajectory was in the seven-day timeframe, registering an impressive 15.1% rally. At last check, the coin’s 24-hour volume climbed 236% to $683 million. Its market cap also increased by 12.3% to $5.81 billion. Related Reading: Bone ShibaSwap Among Weekend 100 Biggest Hitters With 25% Rally Source: Coingecko Price Boost From Binance ‘Loans’ SHIB reached the milestone of $0.000095 for the first time since May of this year. After Binance disclosed that the meme currency was a recognized collateral asset for loans on the exchange, the price increased. Holders will be able to deposit SHIB as collateral to get “Flexible Loans” on Binance as a result of this development. Additionally, the action is thought to give the coin more credibility than its meme roots and cause a jump in its value, reviving investor interest. This development highlights the dynamic nature of the cryptocurrency market, where the intersection of social media trends, technological advancement, and institutional acceptance can drive meme coins like SHIB to achieve notable objectives and draw interest from both crypto supporters and the mainstream financial community. SHIB market cap currently at $5.8 billion on the weekly chart: TradingView.com Ahead of the debut of Shiba Inu’s blockchain initiative Shibarium, enthusiasm toward cryptocurrencies has also strengthened in recent days. Shibarium is expected to offer an alternative to the Ethereum blockchain, according to developers. It is anticipated to be more rapid more energy-efficient, and reduce total supply through burns. Shiba Inu: Strong Social Engagement Shiba Inu just made a significant achievement, which social analytics platform LunarCrush highlighted. Shiba Inu has the highest total social and market activity when compared to the whole crypto market, according to a tweet from the social analytics site LunarCrush. 👀🚀With leading combined social + market activity vs. the entire crypto market, Shiba Inu has hit the #1 LunarCrush AltRank™! 24-hour activity Price +12.22% to $0.000009853 Social engagements 200,365,743https://t.co/94gyL5ebDg$shib #shibainu pic.twitter.com/H0FGLSx8Um — LunarCrush (@LunarCrush) August 5, 2023 This accomplishment stands out because of Shiba Inu’s improving market influence. In addition to dominating the market, it also stands out significantly in terms of its social engagement. Related Reading: XRP Performance Woes: How Might Its Price Respond To Current Market Realities? In particular, SHIB has surpassed 4,481 other coins to claim the top rank on AltRank. The crypto has experienced a flurry of activity during the past 24 hours, logging a staggering 200,365,743 social interactions. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from K9 of Mine