The price of LRC, the native token of Ethereum-based scalability solution Loopring, has jumped by up to 35% after the protocol officially announced its integration and the launch of GameStop’s non-fungible token (NFT) marketplace beta yesterday. The future of #NFTs are here + they’re powered by #Ethereum‘s second layer💙 Loopring L2 x @GameStop Power to…
The macroeconomic and geopolitical environment surrounding crypto and the whole global economy has had its impact on the price action of cryptocurrencies in general, with the war in Ukraine as the overarching geopolitical disaster moving energy and commodities prices to dangerously high levels. However, In the United States, the Federal Reserve’s FOMC (Federal Open Market…
The promise of migration to a Proof of Stake network for Ethereum is positively affecting its price performance. For the first time in two weeks, ETH has crossed the $3,000 barrier and is now outperforming Bitcoin. While the talks of the transition have been going on for a long time, recent developments on the networks…
Ocean Protocol, an open-source protocol that aims to allow individuals and businesses to exchange and monetize data, has seen a dramatic climb in support in the last number of days. Its token Ocean has gained 27% in 24 hours and is up 39% in the last 7 days. So what is the main driver of…
The Federal Reserve has issued a public statement announcing a hike in interest rate after the FOMC meeting. According to the statement, the Committee has decided to “raise the target range for the federal funds rate to 1/4 to 1/2 percent.” It also revealed the plans of ongoing increases when the need arises. Feds hike…
Most markets saw a significant increase this morning fueled by an FT report that said Russia and Ukraine were drawing up a neutrality plan to end the war. However, a major correction ensued in a matter of hours as the Ukrainian government disputed the report saying the “peace plan” was actually the requesting position from…
Are we in for a crash like the one hitting the crypto market two years ago? There’s certainly no shortage of storm clouds on the horizon. The uncertainty associated with the many macro- and geopolitical risks has weakened shorter-term on-chain accumulation trends since January, according to on-chain analysts Glassnode. To read the rest of this…
Who would have guessed Ethereum gas fees would ever be cheap again? Sometimes the past week, gas fees have been as low as just 10 gwei per gas unit even for high-priority transactions. As one gwei is one-billionth of an eth, this means a transaction on Ethereum (ETH) mainchain can be as affordable as 50…
This year has not been favorable to the price actions of neither bitcoin (BTC) nor ether (ETH), the two major cryptocurrencies by market cap. Bitcoin started out this year trading at $47,370 but has since then fallen to $38,945 at press time. Looking at ether, the story is the same, or even worse as the…
Bitcoin prices have traded within a volatile consolidation range this week, opening at a weekly low of $37,333, rallying to a high of $45,039, and then giving back the majority of the gains, trading at $38,900 at press time. According to data analysts Glassnode’s weekly newsletter, as the global macro and geopolitical stage, the war…