Shiba Inu’s layer-2 solution Shibarium has seen a spike in daily transactions, demonstrating growing usage but also raising concerns around scalability. According to data from Shibarium Scan, the protocol’s total daily transaction count jumped from 9,230 on November 11th to 10,880 on November 14th. However, the average block time rose
November 13, 2023 1 min read
Polygon’s native token, MATIC, has staged an impressive comeback over the past few weeks. The cryptocurrency has risen back to $0.80 and boosted its market capitalization by 54% in just three weeks, according to on-chain analytics firm Santiment. This recovery comes on the heels of a prolonged bear market for
November 9, 2023 3 mins read
The meme-inspired cryptocurrency Shiba Inu (SHIB) saw a massive boost to its deflationary burn rate on Thursday, just as prices rebounded from recent lows. According to data from burn tracker Shibburn, a total of 9.6 million SHIB were sent to dead wallets in the past 24 hours. This represents a
November 9, 2023 2 mins read
Cryptocurrency exchange LBank tweeted that Memecoin (MEME) is a top trending token to watch currently, sparking buzz around the meme-inspired asset. Shortly after, data revealed that two enormous “whale” wallets scored tens of millions in MEME tokens via free airdrops. LBank tweeted that Memecoin, which is backed by the Memeland
November 8, 2023 2 mins read
Cardano (ADA) has seen a surge in large investments despite little price movement, according to data from analytics provider IntoTheBlock. Over $600 million worth of ADA has recently been accumulated in the $0.249 to $0.271 price channel. This indicates major investors are taking positions in anticipation of a breakout. An
November 7, 2023 2 mins read
Uniswap native token, UNI, looks poised for additional upside after breaking out of key chart patterns, according to recent technical analysis by crypto trader Ali. In a tweet, Ali highlighted bullish formations on both Uniswap’s daily and 4-hour price charts that point to a target of around $6 for UNI.
November 7, 2023 1 min read
Cardano (ADA) has bucked the broader crypto market downturn over the last week, rallying 18%. At press time, ADA was trading at $0.3559, up 2.2% in the last 24 hours. Besides a drop to $0.288 on November 1, the asset has seen a sustained uptrend over the past month, recovering
November 6, 2023 1 min read
Chainlink (LINK) has surged past the $12.50 level this weekend to hit its highest price since April 2022. The decentralized Oracle network’s token has mounted a significant rally, reflecting improving sentiment. LINK now trades around $12.59, having gained 65% over the past 30 days, per CoinGecko data. The powerful move
November 6, 2023 1 min read
Chiliz, a leading blockchain provider for the sports industry, recently announced its SportFi ecosystem now consists of more than 25 partners spanning diverse categories. The goal is to blend sports and decentralized technologies to transform fan engagement and business models. With over 2 million users on its Socios.com platform, Chiliz
November 2, 2023 3 mins read
Solana has shaken off the impact of fallen crypto exchange FTX’s bankruptcy to surge to its highest price of the year so far. After hitting a low of $18.25 in September, SOL has climbed over 70% to now trade above $41. Solana suffered disproportionately from FTX’s implosion last November, partly
November 2, 2023 1 min read