Ethereum’s uptrend may be overheating as investor profitability reaches historic highsBTC $11,225 (-1.4%) • ETH $389 (-0.5%) • XRP $0.299 (-4.4%)
The crypto community has been buzzing throughout the past couple of weeks as Bitcoin and the aggregated market show signs of life. Following a multi-month bout of sideways trading within the lower-$9,000 region, BTC bulls finally awoke and drove the crypto past $10,000. From here, it rapidly soared to highs of $12,000 before its ascent slowed. The crypto is now consolidating within the mid-$11,000 region as bulls vie to break above this newly established resistance. Despite possibly being in the early stages of the next full-blown bull market, public interest in Bitcoin and other crypto topics remains incredibly low. This is clearly illustrated while looking towards Google Trend data regarding crypto-related keywords. Because new retail investors clearly aren’t backing this move, what is? More news ⏬Institutions that want in on DeFi are buying Ethereum first: fund manager
Decentralized finance has attracted much interest from all corners of the world in recent months. Thanks to our premium sponsors⭐️ CryptoAltum - CryptoAltum is a leading trading platform with a special leaning towards digital assets. Its mission is to make crypto trading easy and accessible to everyone. ⭐️ XBTPro Exchange - $250 welcome bonus, zero fees on deposits, and very low trading fees. ⭐️ Paradox Group - Paradox is the Official Advertising Partners of CryptoSlate and specialises in Marketing and Blockchain Advertising. Cardano (ADA) hits over 700 stake pools a week after Shelley launch
It’s taken just five days for Cardano fanatics to set up upwards of 700 staking pools after the launch of Shelley, parent firm IOHK noted today. Litecoin’s new MimbleWimble update confirms September testnet launch
The first testnet for the MimbleWimble implementation on Litecoin remains on track for a September launch, lead developer David Burkett said in a July update yesterday. How OKEx’s risk engine prevented cascading liquidations during Bitcoin crash
The huge crypto crash that took place on Sunday could have been much worse if it weren’t for OKEx’s risk engine. Second Yearn.finance (YFI) copycat enters “death spiral,” plunges 99% in two days
Yearn.finance has quickly become a flagship product of Ethereum’s decentralized finance (DeFi) space. Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to content within this article.
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terça-feira, 4 de agosto de 2020
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Ethereum’s uptrend may be overheating as investor profitability reaches historic highs