Terra’s UST Reserves Dip To One-Month Low, Here’s Why
Terra’s stablecoin reserves fell to a one-month low this week, reflecting the recent slump in the crypto market. The reserves which are maintained by the Luna Foundation Guard (LFG) have a high concentration of Bitcoin. According to data from the LFG , the reserve’s total value is now $2.4 billion. It had dropped to a […]
Whale interest, Robinhood listing boost this DeFi token by over 20%
The Compound (COMP) token prices have performed well this week. The token soared over 20% in the last 24 hours, making it one of the best-performing cryptocurrencies. Multiple factors have contributed to the jump in the COMP price. Recently, the Compound token was listed on Robinhood alongside three other popular cryptocurrencies. Meanwhile, data from Santiment […]
Ethereum (ETH) Price Poised For Strong Bullish Run, Here’s Why
Ethereum (ETH) seems to have bottomed out after severe losses earlier this week and is poised for a bullish performance. Traders await a breach above $3200 to confirm a strong bullish trend. On-chain analysis reveals a strong upcoming gain as the ratio of the on-chain transaction volume in profit and loss indicates panic selling at […]
Avalanche (AVAX) Surges 7% On This Bullish Development
Avalanche(AVAX), the native token on the eponymous Blockchain surged after news that Ava Labs is raising more capital. Ava, the blockchain’s principal developer, could become one of the most valuable crypto startups as a result of the planned capital raise. AVAX soared nearly 7% in the last 12 hours and was trading at $81.58. The […]
ETH Whales Purchase Highest Amount Of Solana Based Serum (SRM) Token
Solana-based DeFi token Serum(SRM) has seen a significant increase in trading volumes over the last 24 hours, as optimism over an NFT launch coupled with significant whale accumulation accelerated trading volumes. SRM surged 10% in the last 12 hours, reaching a high of $2.542. It also appeared to be rapidly recovering from a one-month low. […]