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MATIC forms a bullish reversal candle pattern; should investors HODL or sell

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice The $0.8 and $0.7 areas represent regions where Polygon’s native token MATIC had found good demand in the past. The $0.65 area was visited last July before a 330% rally to reach $2.93 in December. It was too early to tell whether such an explosive rally could ensue, as the technical structure remained bearish on the charts. Breaking this downtrend could...

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Top Ethereum Whales Hold Nearly $900 Million of Shiba Inu ($SHIB)

The top 1,000 Ethereum ($ETH) whales are currently holding nearly $900 million worth of the meme-inspired cryptocurrency Shiba Inu ($SHIB), making it their largest holding beyond Ethereum’s native currency. According to data shared by whale monitoring service Whale Stats, the top 1,000 ETH whales are holding onto $989...

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CULT DAO’s Revolt 2 Earn Concept Draws the Attention of Anonymous

London, UK, 9th May, 2022, Chainwire CULT DAO, a blockchain-based DAO seeking to advance the decentralized finance revolution, announces Revolt (RVLT), which attracted the attention of Anonymous. The decentralized international activist and hacktivist group seems to support CULT DAO’s most recent concept, as it appears in the group’s...

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Instagram to Test NFTs This Week, Zuckerberg Confirms

Key Takeaways

Meta will begin testing NFTs on Instagram this week, Mark Zuckerberg has confirmed. Zuckerberg said that Meta would add a Facebook feature with "similar functionality" in the near future. Meta follows on the heels of many other major companies to show an interest in the NFT space.

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Some U.S. collectors and creators will be able to share their NFTs on Instagram from this week. 

Instagram to Test NFT Support

NFTs are heading to Instagram, Mark Zuckerberg has announced.  The...

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This Ethereum DeFi Token Soared 30% On Binance’s Listing Plans

Ethereum staking token Lido DAO (LDO) jumped nearly 30% in an hour after Binance said it will list the token on Monday. LDO will be available to trade in LDO/BTC, LDO/BUSD, and LDO/USDT pairs starting at 11:00 UTC. This will be the first-ever listing of the LDO token by any centralized crypto exchange. Lido, an Ethereum-based DeFi platform, has among largest market share in ETH staking and is the 2nd largest decentralized finance (DeFi) protocol by total value locked (TVL), as...

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Half a billion SHIB locked in dead wallets- Decoding what it means for investors

In April Shiba Inu introduced a burning portal allowing holders to permanently destroy their tokens. This was aimed at reducing the circulating supply while also enabling users to receive passive income. Since then, more than billions of such tokens exited circulation. In fact, a week ago, over 1.4 billion tokens were burnt in over 160 transactions. At press time, the activity continued to garner interest.

Burning the pup

The community burnt or rather destroyed nearly half a billion meme coins as...

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DeFi Project Spotlight: Stargate, Cross-Chain Liquidity Reimagined

Key Takeaways

Stargate is the first fully composable cross-chain liquidity transfer protocol for native assets with unified liquidity and instant guaranteed finality. Stargate is built over LayerZero, a novel trustless cross-chain messaging protocol that lets smart contracts and decentralized applications living on different blockchains communicate with one another. Stargate is built as an open and composable piece of blockchain infrastructure that could be leveraged by other decentralized applications and projects aiming to go multi-chain.

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Stargate is a fully composable cross-chain primitive...

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To the Moon: CoinMarketCap to Host Metaverse Conference in Virtual Moon Base

Key Takeaways

CoinMarketCap's conference The Capital: Time to Ship is set for May 26 and May 27. The event is set to take place at least in part in a Metaverse set on the Moon. The Capital conference is blockchain-agnostic, with representatives from several ecosystems set to participate.

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CoinMarketCap will hold its first-ever virtual conference in the Metaverse this May.

Metaverse Meetup

CoinMarketCap’s annual The Capital conference is going virtual, taking place this year inside the Metaverse.The Capital 2022 will take place...

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Ethereum: Can this new trend become a cause of concern ahead of the ‘Merge’

Polygon recently commissioned a report to study the Layer 2 scaling solutions and create a framework for comparison. It uses the example of the Ethereum for studying layer-1 ecosystem challenges and throws light on ETH layer-2 scaling solutions. Notably, the Ethereum market cap increased multifold from its previous high of $125 billion to approximately $500 billion in 2021. It was a massive year for the Ethereum network with the boom of DeFi projects and NFTs in the world.

Stat-alert

The statistics are...

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