After trading under a bearish sentiment for a brief period, the cryptocurrency market has recorded a bullish recovery over the past day. Moreover, the market is currently valued at $2.11 Trillion with a 24-hour jump of 1.48%. Following this, mid-cap and low-cap altcoins have gained attention from the crypto space.

Liquity, a Decentralized Finance (DeFi) lender is prepared to undergo a “friendly fork” as part of its v2 upgrade. Liquity v2 Set to Fix v1 Shortcomings In a blog post, the protocol stated that it decided to go through the friendly fork after an intense reflection on the history of its v1.

Liquity V2 will allow borrowers to set their borrowing costs, a novel approach in DeFi, and pays the lion's share of protocol revenues back to liquidity providers.

Liquity v2 allows borrowers to set interest rates independently, fostering a competitive lending environment.

TL;DR Liquity is preparing to launch a redesigned protocol by the end of 2024 to address the limitations of its current offering. The new protocol will include innovative features such as support for Liquid Staking Tokens (LST) as collateral, dynamic interest rates, and a revamped liquidation system.

Altcoins have become one of the most preferred ways for crypto investors to secure massive gains in the industry especially given Bitcoin's massive growth rate in the last decade. Because a lot of these altcoins have significantly smaller market caps, they tend to have a lot of runway for growth, making them an enticing option.

Liquity, a decentralized borrowing protocol, has seen its native token LQTY rally 80% over the last month, contrasting with sluggish performance in the broader cryptocurrency markets.

After a rejection from the range highs, Liquity price prediction is not looking bullish. It needs to gain strength above $1.47 to become bullish.

Liquity Price has broken above the range highs of $0.838. If bulls gain momentum, I expect a retest of the $1 level very soon.

Liquity has tons of eth in its smart contract, but not doing much with it as it is not translating to token value.

The team behind decentralized stablecoin protocol Liquity lifted the curtain on a long-awaited sequel to its ether-backed LUSD on Monday, this time using staked ether as collateral and a new reserve mechanism.

The 1-inch exchange will be the first major protocol to release tokens this week on May 1. However, with only 21,429 tokens issued, there is unlikely to be a significant impact on token prices.

A widely followed crypto strategist believes that four altcoins running on the Ethereum (ETH) network could outperform the broader crypto markets in the next leg up. Psuedonymous analyst Altcoin Sherpa tells his 194,500 Twitter followers that he has his radar locked on cross-chain bridge protocol Stargate Finance (STG).

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A popular crypto strategist believes that Ethereum (ETH) will catch up with Bitcoin's (BTC) performance and ultimately begin outpacing the top crypto asset by market cap. Pseudonymous analyst Altcoin Sherpa tells his 193,300 Twitter followers that he's keeping an eye on the chart of Ethereum against Bitcoin (ETH/BTC).

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