Wish you bought Litecoin and other top alts at mid-2017 prices? Here’s your second chance

Several crypto assets are currently priced near their mid-2017 valuations, potentially offering a second chance to latecomers. One major caveat, however — these assets may never reach their highs again, or even rise at all from here. Buyers beware and do your own research.  Litecoin (LTC) sat at a price of around $33 on June 11, 2017, according to a historical snapshot from CoinMarketCap. Its current press time price trades slightly higher, at around $46 — a dramatic difference from its all-time highs near $365.  Ethereum (ETH) held a price of…

Ethereum’s Top Gas Guzzlers are Ponzi Schemes

Key Takeaways Two Ponzi schemes on Ethereum, Forsage and Contribute, are hogging up 13% of the network’s total gas. Uniswap is the top gas consumer on Ethereum while Tether takes the second spot. High fees and long confirmation times impede further growth in the DeFi sector. Share this article Ponzi schemes are among the biggest consumers of gas on the Ethereum network, heightening already bad congestion and jacking up transaction fees. Uniswap and Tether are the top gas consumers on Ethereum with a 30% and 25% share among the top…

EOS’s Top Block Producer Has Endorsed “One Token, One Vote”

Key Takeaways EOS Nation says it supports “one token, one vote”, or 1T1V. This could solve vote corruption by redistributing voting power. It’s not clear whether 1T1V will be realized, but Block.one has begun to implement the feature. Share this article EOS Nation, currently the leading block producer for EOS, has announced that it supports an upgrade called “1 token, 1 vote.” The feature is designed to reduce voting malpractices on the blockchain. EOS Nation Announces Support Yves La Rose, CEO of EOS Nation, announced support for the EOS blockchain…

UNI defies price dump predictions, emerges as top 20 DeFi token

The token, which was airdropped to past Uniswap users in batches of 400 per wallet without warning yesterday, has defied predictions that the market would crash from its initial pricing of $3 as the 75,235 users who have claimed so far raced to dump their free coins. Instead UNI has establishing a trading range of between $2.60 and $3.80 over the past 12 hours. UNI, the governance token of the decentralized exchange (DEX) Uniswap, has emerged from its first 24-hours of trading as a top-65 ranked crypto asset by market…

Top crypto traders explain why Yearn.finance (YFI) may top $50K soon

Over the weekend YFI, the native token of Yearn.finance, reached a new all-time high at $43,966 on Binance exchange. This occurred as the crypto market was still reeling from Bitcoin’s (BTC) sharp 17.5% correction which saw its price drop as low as $9,800 on some exchanges.  As Bitcoin price slowly recovered, YFI price increased by over 100% since Sept. 9 and many analysts now believe the token will make a run at the $50K mark soon.  The daily chart of Yearn.finance (YFI). Source: TradingView.com What’s behind YFI’s surge?  The confluence…

Ethereum Fractal From 2019 Says 2020 Top In Crypto Could Be In

Ethereum is at a pivotal, make or break it moment. While Bitcoin has set a higher low, Ethereum’s higher high implies things are a lot more bullish for the altcoin. But could a fractal matching the trajectory of the 2019 crypto rally and top hint that the top for the year is in for altcoins? Top Altcoin’s Higher High Could Be 2020 Top If Patterns Repeat Litecoin’s halving took the industry out of bear market lows and help to begin the long thaw out of the extended crypto winter. Although…

This Top Macro Analyst Is Bullish on Ethereum’s Nexus Mutual (NXM)

Ethereum’s decentralized finance space has been catching a lot of attention over the past few weeks. This is for good reason: since the start of the year, the value of tokens locked in DeFi has surged in excess of 1,000%. Certain projects, too, have come under the scope of top investors. One macro analyst, Remi Tetot of Global Macro Investor and Real Vision, thinks that Nexus Mutual, an Ethereum-based decentralized mutual, is a project with strong potential. Related Reading: CNBC’s “Mad Money” Host Jim Cramer Is Finally Buying Bitcoin Remi Tetot…

Beijing pulls ahead of Shenzhen as China’s top blockchain city

Beijing has been named as China’s top blockchain city in the 2020 Chinese Blockchain Innovation Rankings ahead of the blockchain hub of Shenzhen. The rankings were revealed in a special session at the China International Fair for Trade in Services Summit. According to Finance China, Beijing had a score of 99.82 while Shenzhen — a city with more than 5,000 blockchain firms — lagged behind with a score of 91.2. The nation’s second largest city Shanghai has a score of 88. One of the biggest business capitals in East Asia…

DeFi goes boom as top tokens crash by 50% in one week

The decentralized finance (DeFi) bubble appears to have popped for the time being, with half a dozen top DeFi tokens shedding half of their fiat value over the past seven days. According to crypto market data firm Messari’s list of DeFi assets, 32 of 34 markets are down over the past week — with only PowerPool (CVP) and SushiSwap (SUSHI) posting seven-day price gains. The markets hardest hit include Curve — which is down 65% this week, followed by Meta with a 58% loss, Ren with 52%, AirSwap with 51%,…

These 3 key indicators signalled Bitcoin price reached a $12K top

Last week’s Bitcoin (BTC) 11.4% drop might have seemed unexpected or entirely out of the norm. The truth is, the lack of a more substantial correction since the 50% drop that occurred on March 12 was the unusual part. Some analysts and investors have said that the current DeFi boom was an unmistakable sign of excessive optimism, as some newly launched tokens quickly reached $1 billion market capitalization.  Yet, unlike the 2017 ICO frenzy where most projects weren’t even able to launch their mainnet, most current DeFi tokens already have…