The chief investment officer of the crypto asset manager Bitwise says he believes one decentralized finance (DeFi) project on the Ethereum (ETH) blockchain is currently undervalued. Matt Hougan says the market cap of Uniswap (UNI), which is approximately $6 billion, currently “feels too small.” “[Uniswap] would be the 400th largest financial services business in the world…
The top US-based crypto exchange by volume is announcing upcoming support for a low-cap artificial intelligence (AI)-powered decentralized finance (DeFi) token. In a new announcement, Coinbase says that it has added Mamo (MAMO) to its listing roadmap, indicating plans to list the coin for trading in the future. Mamo is a personal finance bot project…
Aave’s daily fees increased by around 200% within the last three months. They hit multi-month peaks of over $3 million per day, indicating intensified borrowing. The surge reflects reinvigorated DeFi lending interest. Aave continues to dominate the DeFi lending market, this time attracting attention with serious figures. CoinGecko data shows daily fees on the blockchain…
Mantle is up 20% in 24 hours amid overall altcoin rcovery. The MNT token reached highs of $0.91 on Tuesday and could break to $1 and eye the all-time high of $1.51. Ecosystem growth buoys overall bullish momentum. Mantle (MNT) price has surged more than 20% in the past 24 hours, jumping from lows of…
Litecoin price is up 12% in 24 hours, hitting $127 as altcoins look to bounce back. The LTC price could rally to $200 and target a new all-time. Bullish catalysts include spot ETF anticipation, payments activity/adoption and treasury strategy moves. Litecoin trades as one of the top gainers in the past 24 hours, with the…
MYX Finance (MYX) price has skyrocketed amid hype around its upcoming V2 upgrade. Binance listing has also boosted the token’s visibility and sparked retail FOMO. MYX Finance TGE, two months ago, saw 30,296% oversubscription, fueling early demand. While the cryptocurrency market is no stranger to wild price swings, the recent surge in MYX Finance (MYX)…
A widely followed crypto analyst who nailed the 2022 Bitcoin (BTC) crash is warning of an impending BTC meltdown. In posts in his Telegram channel, pseudonymous trader Crypto Capo tells his 129,000 subscribers that BTC and altcoins could see significant dips in price in the coming weeks as risk for a black swan event remains…
Morpho price rose as Morpho Labs joined other top real-world asset platforms in a new partnership. RWA powerhouses Plume, Centrifuge among those to support Ascend accelerator. MORPHO token jumped 10% in 24 hours to $1.85. The cryptocurrency market is up slightly on Monday, and Morpho (MORPHO) is one of the top gainers after posting double-digit…
The crypto strategist who nailed the Bitcoin (BTC) local top in January believes that the memecoin Pudgy Penguins (PENGU) is gearing up for another upside burst. The pseudonymous analyst Bluntz tells his 326,600 followers on the social media platform X that PENGU looks poised for a wave-five surge. The trader relies on Elliott Wave theory,…
BitMEX co-founder Arthur Hayes is unloading his altcoin positions, believing that the crypto market will witness a correction this month. In a new post on the social media platform X, blockchain tracking firm Lookonchain spotted Hayes selling millions of dollars worth of Ethereum (ETH) as well as the memecoin Pepe (PEPE) and the stablecoin-focused project…
