Crypto Portal

2024-04-11 11:00:06 Chainlink's LINK Drops 20% as Fees Soar: What's Behind the Divergence?

CCIP's Explosive Growth: Chainlink's Cross-Chain Interoperability Protocol (CCIP) is finally making waves, with fees quadrupling to $258,170 in March and surpassing January's monthly revenue already in April. The Web3 community is embracing this global standard for seamless blockchain connectivity.

LINK Lags Despite CCIP Surge: Surprisingly, the surge in CCIP adoption hasn't translated into gains for LINK, which has dipped 20% recently. Unlike fees that benefit node operators, the token holders seem to miss out on the action.

Historical Hints: While LINK did enjoy a 16% boost during CCIP's mainnet launch, it also defied expectations by doubling in value during a contraction in CCIP activity. This suggests a complex relationship between LINK's performance and CCIP usage.

Lagging Behind the Pack: In a month where many popular coins are reporting gains, LINK stands out as a laggard. Its trading volumes are lackluster, hinting at waning interest from investors.

As Chainlink's CCIP gains traction, the fate of LINK remains uncertain. Will it catch up or continue to lag behind? Only time will tell. Open / Comment

2024-04-08 13:30:38 Can PEPE's declining exchange supply help its price?

On the 7th of April, Pepe's [PEPE] supply outside of exchanges had grown to 242.54 trillion. Quite a leap from March 12th!

When tokens leave exchanges, it suggests low selling pressure and a bullish sentiment among holders.

Will the token sustain the hike? Usually, such moves are followed by price appreciation in the coming days or weeks.

At $0.0000072, PEPE saw a 7.93% increase in the last 24 hours, hinting at a recovery.

Comparing exchange and off-exchange supply, Santiment data showed more tokens were withdrawn than deposited.

However, despite these positive signs, the overall sentiment isn't as bullish as one might hope.

The Weighted Sentiment fell from 0.60 to near-negative levels, potentially dampening PEPE's prospects.

And what about the ancient ones? The Mean Coin Age (MCA) rose to 32.25, shedding light on investor sentiment.

In this ever-changing crypto landscape, it remains to be seen if PEPE can ride this wave or face new challenges ahead. Open / Comment

2024-04-05 10:30:43 Dogecoin: The Meme Coin Dilemma

The memecoin frenzy has taken the crypto world by storm, but Dogecoin seems to be struggling against the tide.

Despite its popularity and high trading activity, DOGE's price has taken a hit, dropping by 15.33% in just a week, currently standing at $0.181.

The CMF is in the red at -0.11, indicating an outflow of money and a bearish sentiment among traders.

The OBV is also on a decline, reflecting diminishing trading volume and confirming the downtrend.

However, it's not all doom and gloom as the MVRV ratio suggests many holders are still in profit.

If holders stay strong and social hype around DOGE continues, we might see a reversal towards the $0.2 mark.

Keep an eye on Elon Musk's tweets too – his influence could sway DOGE's fate!

Remember, in the volatile world of cryptocurrencies, anything can happen! Open / Comment

2024-04-02 18:00:35 BOME Rockets 20% Higher as Bitcoin Stumbles – What's the Secret?

While Bitcoin [BTC] took a tumble, the Book of Meme [BOME] had a different story to tell, soaring by nearly 20% in just 24 hours. With trading volume keeping up with the average, this meme coin is making some noise.

It's not all smooth sailing though. The breakout might not be set in stone, but seeing BOME defy the market's downward trend is undeniably encouraging.

On the charts, we see some interesting patterns. The short-term resistance has been conquered, turning into support for BOME's upward journey.

Fibonacci retracement levels reveal that the $0.0151 mark has been a tough nut to crack. But don't worry, the overall structure still looks bullish, with RSI signaling short-term strength.

However, there's a catch. The OBV indicator isn't quite keeping up with the price action, hinting at a possible slowdown in buying pressure. Bulls might need to flex their muscles harder. Open / Comment

2024-03-31 17:02:09 Introducing "Sugar Rush" – the ultimate thrill ride at Sirwin!

Dive into a world of sugary spins and tantalizing treats here!
With every spin, satisfy your cravings for excitement and big wins!

Indulge in mouth-watering bonuses and delicious surprises around every corner. Will you conquer the sugar rush and emerge victorious?

Play now and sweeten your day with irresistible rewards, only at Sirwin – where the stakes are high and the fun never stops!

Join the sugar rush frenzy today!


Website

Twitter

Telegram

Instagram Open / Comment

2024-03-30 18:30:48 Dogecoin Whales Feast on 1.4 Billion Tokens: Will DOGE Price Predictions Flip?

Dogecoin, the king of meme coins, has been making waves lately with its impressive price surge. And it seems like the whales are the ones driving this tidal wave of success.

These big players have been gobbling up DOGE like there's no tomorrow, with a whopping 1.4 billion tokens purchased in just two weeks. That's over $280 million worth of confidence in this cheeky canine.

As the price soared, so did DOGE's popularity and social chatter. The sentiment around this memecoin was overwhelmingly bullish, painting a rosy picture for its future.

But is there a storm brewing on the horizon? The daily chart turned slightly red, hinting at a possible trend reversal. However, indicators like the MVRV ratio and funding rate still point to a bullish bias.

On the flip side, the Money Flow Index (MFI) is flashing a warning sign as it enters the overbought zone. This could lead to some selling pressure and a potential dip in DOGE's price.

In this wild world of crypto, only time will tell if these whale-sized moves will keep DOGE riding high or if we're in for a splashy surprise. Stay tuned! Open / Comment

2024-03-27 17:00:21 Coinbase's Bold Move: On-Chain Expansion Sparks Decentralization Debate

Coinbase, the crypto giant, is making waves again! This time, it's shifting gears towards an on-chain future, with a strategic move involving USD Coin (USDC).

Max Branzburg, Coinbase's VP, took to X (formerly Twitter) to share the news. The motive? It's all about speed and cost efficiency for managing those precious USDC balances.

Enter Base, an Ethereum L2 solution linked to Coinbase. March saw Base's TVL skyrocket from $500M to a whopping $1B, signaling a promising trajectory.

Is Base blazing a trail? Crypto pundit David Hoffman thinks so, envisioning a future where all financial institutions embrace on-chain operations.

But hold on! Skeptics raise concerns about Base's centralization. With Coinbase pulling the strings as the sole operator, some argue true decentralization is still a distant dream.

L2Beat data echoes these worries, revealing that Base is yet to graduate from Stage 0 in terms of decentralization milestones.

While commendable, Coinbase might need to address these concerns to get everyone fully on board the Base train. After all, trust in decentralization is key!

In this ever-evolving crypto landscape, Coinbase's latest move sparks both excitement and skepticism. Will it be enough to quell the decentralization debate? Only time will tell. Open / Comment

2024-03-27 13:15:03 Waterfall is the most decentralized BlockDAG protocol currently available

Key Features:

This decentralized platform has the potential to attract much more validators than other protocols.
Minimal hardware requirements: Dual-Core CPU, 4GB RAM (your cellphone has 2-4 times more than that).
High performance and scalability, thanks to parallelism in BlockDAG compared or even higher potentially that the most scalable currently popular protocols
Compatible with EVM and Ethereum API.

The team includes senior people who were successfully building the ecosystem for Ethereum and those who were successfully competing against it:

Ron Resnick is the CEO of the company-developer of Waterfall, is also a former Executive Director of Enterprise Ethereum Alliance and a former Investment Director of Intel Capital.

Jeff McDonald is the Director at the Board of Directors for Swiss Association, is also a Former Co-Founder of Nem, which used to be in Top-5 and for a short time in Top-3 right after Ethereum.

The Chairman of Board of Swiss Association is Richard Wang, who is also General Partner at Draper Dragon Fund.

R&D team has been rigorously testing technology since 2021.

More than 350 Workers(block producers) on the TestNet are owned by the developers and future users of Waterfall.

On the first day after the new TestNet announcement, 115 Workers connected and more than 450 000 transactions were processed.

On January the 2nd more than 650 000 transactions was successfully processed.

Find out more details in their communities:
https://t.me/waterfall_network
https://twitter.com/waterfall_dag
https://discord.gg/Nwb8aR2XvR Open / Comment

2024-03-26 14:00:39 NO EFFORTS AND UP TO 400 USDT!
In three steps. Partake in the Dollet Wallet campaign, earn points (Sprouts), and compete for the top spot! PLUS! Receive a super rare NFT – your takeoff for future $Drop.

Crypto Bloom with Dollet! Time is running! Run to catch up!

Dollet Wallet is a non-custodial wallet with integrated DeFi strategies where you can earn up to 14% on Ethereum in just 1 click. Under the hood, they've got integrations with Pendle and Ether.fi, plus solid audits, so everything looks great. Dollet supports more than 10 networks and offers bridge and swap functionality.

What to do?
1. Head here - https://dolletwallet.com/cryptogarden/
2. Attach your social networks
3. Complete tasks
4. Download the app and perform a minimum number of actions (swap/bridge/deposit into a strategy)
5. Refer your friends

BONUS! SWAP UNLIMITED AND GET x2 SPROUTS FOR EACH SWAP!

LOOT and EARN! Open / Comment

2024-03-25 21:00:09 Introducing "Sugar Rush" – the ultimate thrill ride at Sirwin!

Dive into a world of sugary spins and tantalizing treats here!
With every spin, satisfy your cravings for excitement and big wins!

Indulge in mouth-watering bonuses and delicious surprises around every corner. Will you conquer the sugar rush and emerge victorious?

Play now and sweeten your day with irresistible rewards, only at Sirwin – where the stakes are high and the fun never stops!

Join the sugar rush frenzy today!


Website

Twitter

Telegram

Instagram Open / Comment