1Inch price hits a new high as the top DEX aggregator vies for DeFi dominance

As the decentralized finance (DeFi) ecosystem evolves and expands to encompass the whole of the cryptocurrency sector, the race to become the top decentralized exchange (DEX) aggregator is heating up as new entrants to the field seem to emerge on a weekly basis.  One of the top DEX aggregators that has recently seen its price reach a new record high is 1Inch (1INCH), a protocol which offers “access to the most liquidity, lowest slippage and best exchange rates across Ethereum and Binance Smart Chain” according to the projet’s website. 1INCH/USDT…

Creator Of Flawless Top Indicator Says Bitcoin Isn’t Done, Despite Signal

One of the biggest arguments going on across crypto right now, is whether or not Bitcoin price action has topped out for this cycle. After a tremendous run, a peak could very well be here, and there are several indicators that back up this theory. The creator of one of those indicators, and one that boasts a flawless track record, believes that although the signal has appeared, there’s room for another – later rally that will cause the signal to show once again sooner than expected. Picking Out Peaks In…

Slam dunk? LeBron James NFT drop could break Top Shot records

Nonfungible token studio, House of Kibaa, has announced an auction of three “Legendary” NBA Top Shot NFTs depicting slam dunks from renowned pro basketball player, LeBron James. The auction will be hosted in partnership with Heritage Auctions, and will run from May 6 until May 20. The three NFTs will be auctioned off as a single collection. Each of the tokens were released during the first season of NBA Top Shot and are of Legendary scarcity — the rarest tokens that Top Shot collectors can own. NBA Top Shot has…

Time Magazine names two crypto firms in Top 100 ‘most influential companies’ list

Time Magazine continues to warm up to crypto, naming Digital Currency Group and Coinbase in the magazine’s 2021 Top 100 Most Influential Companies list. Published on April 27, the Top 100 emphasized the impact the two crypto giants have made over the past 12 months. The list consisted of four different categories — Pioneers, Leaders, Innovators and Disrupters. Digital Currency Group was categorized as a Disrupter alongside other big names such as Tesla, Huawei, Shopify and Clubhouse. Time noted that the DCG is “demystifying crypto for investors” through its subsidiaries,…

Top Chinese banks promote CBDC over local payment firms for shopping festival

Some of China’s largest state banks are actively promoting the digital yuan as a superior means of payment to the country’s two leading payment providers, Alipay and WeChat Pay. In an April 26 report, Reuters revealed that six of China’s largest banks are promoting China’s nascent central bank-issued digital currency, or CBDC, in Shanghai ahead of an online shopping festival on May 5. The banks are urging retail outlets and consumers to download the digital wallet and make purchases using the CBDC, or e-CNY. This would bypass the current payment methods…

Synthetix Now Allows Users To Trade Top Tech Stocks

Key Takeaways SynthetixDAO has voted to create new synthetic stocks that track the price of leading tech stocks. Those stocks are called FAANG stocks, short for Facebook, Amazon, Apple, Netflix, and Google. The trading platform will reward users who add liquidity to its Balancer pools by paying out SNX tokens. Share this article DeFi trading platform Synthetix has added support for new synthetic assets that follow the price of popular U.S.-based tech stocks. Synthetix Offers FAANG Trading Synthetix’s community governance body, synthetixDAO, voted to create new synthetic assets that track…

This metric that called the 2017 top is now flashing red

After weeks of Bitcoin (BTC) sell-offs, high-net worth Bitcoin holders, or whales, are finally back to buying. Their buying activity not only picked up when BTC’s price broke out of the two-months ascending triangle to new all-time highs, but it has also stayed intact since the price crash on April 18. Whales have come back to accumulate Bitcoin Whales’ continuous buying activity comes at a time when the number of addresses holding more than 1,000 Bitcoin has reached its four-month support line. Bitcoin: Number of Addresses with balance >= 1,000. Source:…

Bitcoin to close April above $90K? When & where this bull wave will top

The cryptocurrency markets experienced a monumental green wave this week. Bitcoin and Ether calmly made new all-time highs on the back of Coinbase’s direct listing and the Berlin hard fork. Meanwhile, meme-cryptocurrency Dogecoin blasted off to more than 400% gains, briefly claiming a spot as a top 5 cryptocurrency by market capitalization.  Despite the media hype and market movements of this week, PlanB showed Bitcoin still isn’t as overbought as it was at the peaks of the 2017, 2013, and 2011 bull cycles. He calculated that if Bitcoin were to…

Investors’ on-chain activity hints at Bitcoin price cycle top above $166,000

After breaking out of the two-months ascending triangle, the price of Bitcoin (BTC) is firmly staying above $60,000. Current on-chain volume suggests investors are still strongly buying Bitcoin at current price levels. Furthermore, the current price is not even close to a short-term price top when comparing to historic network valuation multiples. BTC price bull run not overheated, investor activity shows While bear market bottoms often coincide with seller exhaustion, bull cycle tops happen to occur with buyer exhaustion. Watching long-term investor activity during the different stages in a bull…