City Santiment Financial News
11.05 / 14:27
Ethereum
ETH
FIVE
recovery
Support
Will ETH secure enough support from NFT market to strengthen its recovery
ETH on 10 May showed signs of potential bullish recovery after a heavily bearish performance, especially in the last five days. Undeniably, the market is still not off the hook with the constant highs of the FUD.
11.05 / 04:33
UPS
Action
Santiment
Shiba Inu
retail traders
Shiba Inu [SHIB] whales go sulking; could retail traders drive the prices up
Shiba Inu is criticized by a large part of market participants precisely because of its ‘meme-coin’ nature and also because whales tend to dominate the SHIB market more often.
11.05 / 02:45
Dogecoin
Provident
Santiment
Doge
Dogecoin’s 100% spike in trading volume- Here’s what you shouldn’t miss out on
Do you hold some Dogecoins? Are you an advocate for this meme coin as the ‘future currency of the internet?’ Well, in that case, you should know that in the last 24 hours, the coin recorded a significant spike in its trading volume.
11.05 / 02:45
Waves
Lowe's
Bitcoin
UST goes rogue, but Neutrino USD [USDN] ‘depeg(s)’ a different story
As Bitcoin crashed below the $32k support level, panic took hold of the market and alt coins began to violently plunge as well. This time, even the stablecoins were not spared as TerraUSD [UST] dropped as low as $0.6879, and was trading at $0.9006 at press time. This understandably caused quite a FUD storm, as a top ten stablecoin losing its stability isn’t something you see every day.
10.05 / 20:35
Ethereum
BTC
CoinMarketCap
Bitcoin
Bitcoin: Could ‘Shrimps’ beat ‘Whales’ to invalidate bearish stance
The overall cryptocurrency market cap shed more than 6% and stood at $1.4T in value as per CoinMarketCap. Bitcoin, Ethereum, and other alternative coins suffered the same fate as the bloodshed continued to intensify. Bitcoin, the largest crypto, fell by more than 6% as it traded around the $31k mark, at press time.
10.05 / 18:29
Provident
FIVE
Santiment
NEAR, ‘far wherever you are,’ whales, pigs, wolves get ready to take…
In the last week, while other networks or Protocols complained of either terrible price or on-chain performance and security breaches, the NEAR protocol appeared to have made significant strides according to its weekly newsletter.
10.05 / 12:23
Action
Santiment
Is it ‘AAVE’ test for investors as monthly new accounts shrink to toy dog size
As the broader market crashed terribly on 9 May, it did not spare any cryptocurrency, including AAVE. Within 24 hours, over $186 billion was wiped out. At the time of writing, the market looked primed for a bear run and panic-selling appeared to be the prevailing mood of the investors.
09.05 / 16:17
UPS
FIVE
Action
Santiment
Maker [MKR]: With investors losing over $31.4B in a day, here’s what to expect next
MakerDAO over the last month has noticed a significant reduction in the total value locked on the protocol, reducing from $17 billion to $12 billion as of today.
09.05 / 14:35
Blockchain
COST
Action
Bitcoin
Will Hoskinson’s new EUTXO model improve Cardano’s [ADA] prospects
Cardano holders have supported Cardano and the native token despite the slow price action. The number of addresses holding Cardanorose to a record high last month amid a significant surge in HODLers. Also, despite the unanticipated price turmoil, retail interest in ADA surprisingly grew with every dip.
09.05 / 12:31
Blockchain
Lowe's
Target
CEO
recovery
diving
With Avalanche [AVAX] diving into the metaverse, is a recovery on the cards
Avalanche just announced that it is diving into metaverse development through a $290 million incentive program. The announcement reveals how Avalanche intends to venture into its next growth phase not just to stay competitive but also to thrive as a network.
09.05 / 08:55
Lowe's
Santiment
Chainlink: Despite falling below $10, this cohort continues to accumulate LINK
According to a tweet by Santiment, the Chainlink token dipped below the $10 mark for the first time in the last 18 months. At press time, the token stood at rank 28 at a price of $10.16. However, on 8 May, the price of the token did fall to $9.89 as per the UTC +5:30 time zone.
09.05 / 02:23
UPS
Action
Luna
As Anchor protocol sees reduction in APY, here’s what it needs to jump back
The semi-dynamic earn rate, which was the solution offered by Anchor to recuperate the losses inherited from the lack of borrowing on the protocol, seems to have backfired today.
08.05 / 20:39
Extreme
USDT
Santiment
Luna
Future
Terra: With major whales dumping LUNA amid sell-off, the future looks…
At the time of writing, the Terra [LUNA] token was trading at a negative value of $65.36 that opened at a price of $68.10 for the day. As per additional data from CoinGecko, the token stood at $73.27 on 7 May, 2022 and plummeted by 10.8% as of 8 May 2022.
08.05 / 18:25
Blockchain
Action
Santiment
Luna
Terra [LUNA] loses $6 billion in TVL in under two days thanks to this…
Terra achieved more than anyone’s expectations this year after setting multiple records across the crypto space, but the turn of events in the last few days have, for the first time, rocked the steady sailing of the DeFi chain.
08.05 / 18:25
UPS
Provident
litecoin
LTC
end
Litecoin [LTC]: Post MimbleWimble upgrade, will there be ‘lite’ at the end of the tunnel
Following years of development and an initial announcement made in February this year, Litecoin, on 3 May announced that its major update MimbleWimble (MWEB) has been locked in for activation. Lead developer, David Burkett confirmed that the process of update will be completed over the course of 2 weeks.
08.05 / 11:19
Align
Uniswap trading at a long term demand zone- Where can sellers benefit
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice.
08.05 / 03:27
08.05 / 01:25
UPS
litecoin
LTC
Bitcoin
Future
Litecoin: Amid unprecedented losses over past two years, LTC’s future looks…
While ups and downs are part of a cryptocurrency’s trajectory, the broader momentum is usually poised to be positive, albeit a market crash takes place. But that is not the case with Litecoin.
07.05 / 11:51
UPS
Santiment
Bitcoin
recovery
Chainlink: Can LINK’s ‘strong & oversold’ view help to stage a recovery
As Bitcoin [BTC] and Ether [ETH] fell by more than 8% and 6% respectively, in a day, investors’ emotions have understandably been in a state of flux. While most of the top 100 alts took severe hits on their prices as well, some felt the selling pressure more than others. According to Santiment, one such “strong and oversold” asset was Chainlink [LINK].
07.05 / 03:59
Decentraland
Infinity
Santiment
Bitcoin
AXS, SAND, MANA: How did the metaverse tokens react after the latest correction
Looking at the charts for the top 100 cryptos today, you would have likely seen a lot of near vertical drops in price as Bitcoin tumbled down by 8.20% in the last day to trade at $36,339.18 at press time. Meanwhile, Ether [ETH] dropped by 6.93% to hit prices of $2,728.08.
06.05 / 21:19
Ethereum
BTC
Platform
Bitcoin
Bitcoin Futures in whirlwind, could it defy bearish odds in near-term
Bitcoin, Ethereum, and other major cryptocurrencies crashed, wiping around $100 billion from the combined crypto market. At press time, the global cryptocurrency market cap dropped by more than 7% to $1.6 trillion.
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