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Yearn.Finance (YFI) Price Analysis – Will It Reach $70K?

September 17, 2020 DeFi, Investment News, News, Tradings Eddy 0

After being listed on multiple major exchanges a few weeks after its debut, yearn.finance (YFI) has certainly grabbed the attention of DeFi enthusiasts as it rose a thousand percent within a month. YFI is also featured in the SCN30 Index, now ranked 17th on the list of constituents. Looking at YFI’s chart on the 4-hour […]

Trading DeFi’s Governance Tokens May Be Tempting, But There’re Certain Risks

September 14, 2020 Bitcoin, DeFi, Ethereum, market, Market Summary, Price Analysis, Tradings Eddy 0

Unlike the traditional financial system where almost-zero interest rates are being offered to investors, the exuberant annual percentage yields (APY) offered by many DeFi projects are what brought investors to the yield farming valley. Uniswap is inarguably the pioneer of decentralized exchanges (DEXs) as it caught investors’ attention with high returns for liquidity providers. The […]

DeFi Highlights: 50% Price Crash for Top Tokens, Sushiswap Drama Continues & More

September 9, 2020 Blockchain Tech, Business, DeFi, Fintech News, News, Tradings Eddy 0

Crypto experts have been cautious about the DeFi craze and the too-good-to-be-true rewards DeFi projects are offering one after the other, voicing their concerns over the crypto community going ‘too fast, too furious’ into the space. It was apparent from the Sushiswap saga over the past few days that unaudited projects and smart contracts are […]

Can the Fed’s Prolonged Low-Interest Rates Lead Bitcoin to the Upside?

August 31, 2020 Bitcoin, Economy, market, Market Summary, Price Analysis, Tradings Eddy 0

The Federal Reserve or Fed has announced an “average inflation targeting” plan to drive the annual inflation rate above the standard 2% mark, which will keep interest rates close to zero. The Fed’s new approach to inflation policies signal that interest rates will be kept near-zero in order to achieve the target. Ultimately, these drastic […]

On-Chain Data Shows Most Bitcoin HODLers are in Profit, Lowering Selling Pressure

August 30, 2020 Bitcoin, News, Tradings Eddy 0

Bitcoin has fallen down to the $11,000 after the Fed’s Chair Jerome Powell’s speech on Thursday signaling more stimulus to the economy is on the way. Since the swing-low, Bitcoin has bounced back up and now is stuck in the trading range between significant support and resistance levels at $10,500 and $12,000. Despite the direction […]

Return of the Bear? Crypto Market Plunges After Fed’s Shift in Monetary Policies

August 28, 2020 Altcoins, Bitcoin, Economy, Investment News, News, Trading, Tradings Eddy 0

The so-called safe-haven assets such as gold and Bitcoin were under heavy selling pressure last night as the US Federal Reserve (Fed) announced new shifts in policies. Fed Chair Jerome Powell’s approval of a higher inflation goal and prolonged low-interest rates are two main approaches the Fed is taking in an attempt to stimulate the […]

DeFi Tokens MKR & BAT Continue to Grow Despite Market Slowdown

August 25, 2020 Altcoins, SCN30, Tradings Eddy 0

All eyes are on the COVID-19 vaccine’s development resulting in a slowdown of gains for hedging assets such as gold and Bitcoin. Despite this, decentralized finance (DeFi) tokens continue to grow, especially Maker (MKR) and Basic Attention Token (BAT.) The SCN30 Index fell 8.70% from its all-time-high (ATH) at 277.76 points to 255.51 points as […]

OMG Network Spikes to a Two-Year High – Is This Rally Sustainable?

August 23, 2020 Altcoins, Blockchain Tech, Investment News, News, Tradings Eddy 0

OMG Network or previously known as OmiseGo (OMG) is a Thailand-based ERC-20 token which was once very popular from its close tie to Vitalik Buterin, the co-founder of Ethereum (ETH.) The effort of introducing a second-layer solution, Plasma, to solve ETH’s scaling problem has fueled the hype and took OMG to an all-time-high (ATH) at […]

East Asia Accounts for 31% of Cryptocurrency Transactions in Past 12 Months, Says Chainalysis

August 21, 2020 Fintech News, Investment News, News, Tradings Eddy 0

According to blockchain and crypto research firm Chainalysis, East Asia is the world’s largest cryptocurrency market with 31% of all cryptocurrency transactions in the past 12 months happening in this region, and the reason for the growth and sustainability of the market can be attributed to professional traders and the strengthening presence of stablecoins. With […]

LINK Now Sits Higher on the Index – Taking a Deeper Dive into Chinese Popular Altcoins; EOS – TRX

August 18, 2020 Altcoins, SCN30, Tradings Eddy 0

In the past 7 days, Bitcoin yielded a 3.46% gain while gold faced a correction and the price is now down -2.33%. Major US stock indices NASDAQ is up 1.83% and the S&P 500 increased slightly with a 0.64% gain. The top-performing alternative coin (Altcoin) during the past week is inarguably ChainLink (LINK) as it […]

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