A sharp drop in TVL and DApp use preceded Avalanche’s (AVAX) 16% correction
After an impressive 73% rally between July 13 and Aug. 13, Avalanche (AVAX) has faced a 16% rejection from the $30.30 resistance level. Some analysts will try to pin the correction as a “technical adjustment,” but the network’s deposits and decentralized applications reflect worsening conditions. Avalanche (AVAX) index, USD. Source: TradingView To date, Avalanche remains […]
3 reasons why Polygon (MATIC) is up 100%+ during a bear market
Unlike bull markets where traders can basically throw a dart at a list of coins to pick one that will go up, bear markets require much more effort to find projects that could perform well over the long-run. One project that has continued to show signs of mainstream adoption despite the onset of a crypto […]
Nervous Network (CKB) price posts double-digit gain after Godwoken layer 2 launch
Positive price movement during bear markets are notoriously hard to come by due to the non-stop FUD of media and lackadaisical interest from crypto investors. One crypto that managed to flash green on June 12 is the Nervos Network (CKB), an open blockchain protocol designed for universally accessible decentralized applications (DApps). Data from Cointelegraph Markets […]
Blockchain-based games see an uptick in users despite bear market conditions
Bear markets are always tough, but one of the positives is they clear the clutter and this allows legitimate projects to stand out. While most investors are focused on the latest centralized finance (CeFi) and decentralized finances (DeFi) scandal, the blockchain gaming sector has quietly weathered the storm better than other niches of the market. […]
Lido DAO price moves higher as the Ethereum Merge moves a step closer to completion
The upcoming Ethereum (ETH) Merge is one of the most talked about developments in the cryptocurrency ecosystem as the world’s second-largest cryptocurrency by market cap undergoes the difficult transition from proof-of-work (PoW) to proof-of-stake (PoS). One protocol whose fate is largely tied to the successful completion of the Merge is Lido DAO (LDO), a liquid […]
P2E gaming is in a rut, but Axie Infinity (AXS) could rebound for 3 key reasons
Play-to-earn gaming was one of the breakout sectors of the cryptocurrency market in 2021 and the trend was led by Axie Infinity (AXS), a mobile, blockchain-based game where users collect, breed, raise and battle nonfungible tokens (NFTs) called Axies for monetary rewards. As the market topped and then entered what has become a deep bear […]
Traders debate whether Solana (SOL) is a buy now that it’s down 87% from its all-time high
The crypto sector is caught in a deep correction and recent reporting shows that a majority of altcoins are more than 70% down from their 2021 highs. Solana is on that list and investors are on the fence about whether the token has strong enough fundamentals to warrant buying Solana (SOL) at its current value. […]