The TRON chain and its native token TRX have managed to outperform the major cryptocurrencies amid the recent market crash. The successful performance of TRON’s stableocoin USDD has made a major impact on the surge of Tron’s total value locked (TVL). TRX jumped by around 30% in the past 30 days, vastly outpacing a broader decline in the crypto market. It is holding a total market capitalization of over $7.67 billion.
DeFi is a booming space with a wide variety of investment options available for users. However, this range of alternatives also means that the average user can get intimidated and fail to utilize their full potential. Additionally, rug pulls in the DeFi space make investors wary of investing in projects and liquidity pools. SolarDex is a platform that aims to solve these problems by functioning not only as a standard DEX with limit and swap orders but also as a...
Crypto loans platform Binance Loans now allows $ADA and $AVAX — the native tokens of smart contract platforms Cardano and Avalanche respectively — to be used as staking collateral assets. On 26 July 2021, Binance published a blog post that explained what crypto loans and what their use...
The largest stablecoin with a market cap of $73 billion, Tether, ether has launched its native USDT on Polygon. The move is expected to help Tether gain ground as the leading stablecoin despite the recent de-pegging. While stablecoins have had a difficult month, this is a step in the right direction. Tether Token (USD₮) Launches on Polygon Read the Press Release ⬇️ pic.twitter.com/mIOEKBAvdp — Tether (@Tether_to) May 27,...
Move-to-earn app STEPN’s native token, GMT, slumped sharply on Friday after it abruptly announced a withdrawal from China. GMT fell 37% in minutes after the announcement, and is now trading down 34% over the past 24 hours, at $0.8673. The slump pushed GMT to its lowest level in two months, erasing most of the token’s stellar gains through April. GMT’s rally in April had seen it balloon in popularity, briefly putting it among the top-50 cryptocurrencies. But the program’s withdrawal from China...
XcelTrip, a “next-gem, decentralized, travel booking platform” that is powered by blockchain technology, has added support for payments in the meme-inspired cryptocurrency Shiba Inu ($SHIB) to its platform. According to an announcement, XcelTrip’s customers can now use Shiba Inu to pay for airline and hotel bookings. The platform...
Pseudonymous crypto analyst and influencer “Altcoin Sherpa” has recently revealed on social media he believes that Ethereum rivals Binance Coin ($BNB) and Solana ($SOL) will surge in the near future. In a tweet shared with the analyst’s over 170,000 followers, they noted that a potential trade ideal would...
Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice As the dust seemingly settled in the altcoin market, Binance Coin’s (BNB) price took shape within a bearish rising wedge (yellow). The end of this tight phase could result in a sharp swing in either direction. With the price finally breaching the basis line (green) of the Bollinger Bands (BB), the buyers affirmed the gradual increase in their influence. But, with...
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