Market intelligence firm IntoTheBlock says that US treasuries, stablecoins yields and real-world assets are giving decentralized finance (DeFi) a shot in the arm. In a new article, IntoTheBlock head of research Lucas Outumuro says that MakerDAO’s (MKR) new 8% yield on stablecoin Dai (DAI), which has gathered $1 billion in deposits in less than a […]
The post US Treasuries and Real World Assets Bringing Renewed Interest in DeFi, Says Analytics Firm IntoTheBlock appeared first on The Daily Hodl.
A closely followed analyst believes that the native token of the crypto project co-created by ChatGPT founder Sam Altman looks poised for a severe correction. Pseudonymous analyst Altcoin Sherpa tells his 196,400 X followers that he’s bearish on Worldcoin (WLD), an artificial intelligence-based crypto project that uses iris-scanning technology. According to the trader, WLD is […]
The post Analyst Predicts Deep Correction for Sam Altman’s Worldcoin, Updates Outlook on Solana and Two Other Altcoins appeared first on The Daily Hodl.
A trader has identified an altcoin based on Ethereum (ETH) that has the potential to surge by almost 30% from its present price. Pseudonymous trader Altcoin Sherpa tells his 196,400 Twitter followers that Maker (MKR) has demonstrated “immense strength” given the downbeat market environment. According to the analyst, the governance token of the Maker ecosystem […]
The post Crypto Trader Says One Ethereum-Based Altcoin Ready To Surge by Double Digits – Here’s His Target appeared first on The Daily Hodl.
A widely followed crypto trader is predicting that Dogecoin (DOGE) has more room to run as he updates his outlook on one red-hot altcoin. Pseudonymous trader Altcoin Sherpa tells his 196,300 Twitter followers that Dogecoin will likely increase by about 20% in the near term from its current value of $0.077. “DOGE: One of the […]
The post Analyst Predicts Double-Digit Dogecoin Rally, Sets Targets for ‘Top Performer’ Altcoin That’s Up 70% in a Month appeared first on The Daily Hodl.
Crypto analytics firm Santiment is predicting price volatility for Cardano (ADA), Maker (MKR), and Fetch.ai (FET) after they have all soared this year. Santiment says an increase in whale activity on the three projects, smart contract platform ADA, stablecoin issuer MKR and machine learning blockchain FET, signals large price swings are forthcoming. “Cardano, Maker, and […]
The post Crypto Analytics Firm Predicts Major Swings for Cardano, Maker and One AI Altcoin That’s Up Over 500% in 2023 appeared first on The Daily Hodl.
Booming crypto whale activity in one altcoin built on Ethereum (ETH) is hinting at a major trend reversal, according to blockchain analytics firm Santiment. Santiment says that Maker (MKR), a well-established decentralized finance (DeFi) protocol that uses smart contracts to power stablecoin-based loans, has seen its largest whale transaction in more than three months. “Maker […]
The post Massive Whale Activity for Ethereum-Based Altcoin Suggests Big Breakout Incoming: Santiment appeared first on The Daily Hodl.
The decentralized finance (DeFi) sector appears to be on the road to recovery after a substantial period of stagnation. The total value locked (TVL) in DeFi platforms dropped from over $50 billion to below $40 billion following the collapse of crypto derivative exchange FTX in November last year. But data from DefiLlama suggest that the […]
The post Overall DeFi Total Value Locked Hits $50,000,000,000 Mark for the First Time Since November FTX Implosion appeared first on The Daily Hodl.
Blockchain intelligence platform Santiment warns that the massive rally recorded by a top-50 altcoin could be coming to an end. Santiment says that the governance token of the Ethereum (ETH)-based staking network Lido DAO (LDO) is showing a divergence between the price and the number of active addresses as well as network growth. “It’s [Lido […]
The post Crypto Analytics Firm Warns Traders About Ethereum-Based Altcoin That’s Exploded Over 164% in Two Weeks appeared first on The Daily Hodl.
Amid the ongoing crypto winter, digital asset management giant Grayscale’s decentralized finance (DeFi) investment product has started trading on the financial market OTC Markets. The Grayscale DeFi Fund currently gives customers exposure to the decentralized exchanges Uniswap (UNI) and Curve (CRV), the decentralized lending platforms Aave (AAVE) and Compound (COMP), and Maker (MKR), a governance […]
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Tron rose to a one-month high in today’s session, hitting a key resistance point in the process. The surge in price comes despite cryptocurrency markets trading mostly lower on Monday. Another exception to this decline was maker, which remained close to an eight-week high. Tron (TRX) Tron (TRX) surged to a four-week high to start […]