Smart money pounced on WIF's dip to accumulate, but this move could backfire, revealing potential risks.
AAVE rejected at $146 resistance, now traders await either consolidation or a potential breakout.
Bitcoin (BTC) is back above $60,000 after registering an increase of over 3% in the past 24 hours as optimism around a Fed rate cut grew. Other cryptocurrencies, including Ethereum (ETH), Uniswap (UNI), FET, SUI, Aptos (APT), and Bittensor (TAO), registered notable gains.
Based on Q3 returns, investors holding the other top DeFi blue chips were in losses, but not AAVE.
AAVE has been on a roll recently, showcasing a remarkable increase in value. In the last 24 hours alone, the token appreciated by 4.25%.
Bitcoin (BTC) saw considerable fluctuations over the weekend. It briefly pushed above $60,000 as market sentiment showed signs of shifting, resulting in a temporary jump of 6%.
Aave price remains strong ahead of the launch of Trump's DeFi project, as Donald Trump survived his second assassination attempt in two months at his Florida golf club. The FBI confirmed that Trump is unharmed and quickly apprehended the suspect.
Starknet, a Layer 2 scaling solution for Ethereum, is making major strides in its governance. In a recent community vote, Starknet's users approved a dynamic staking mechanism designed to control inflation of the STRK token.
AAVE has recently posted gains that place it among the market's top performers, but this momentum may be short-lived.
Bitcoin's rally above $60,000 could trigger buying in FET, SUI, AAVE, INJ and other altcoins.
Here is how some of your favorite assets concluded the week.
WIF has experienced a strong upward momentum over the last month, now analysts are eyeing $10.
Since the Ethereum Foundation proposed ZK-Rollups as one of the most efficient ways to scale Ethereum, this technology has become extremely popular and has managed to revolutionize the blockchain ecosystem.
The recent vote within the Starknet community has given the green light to a new staking feature, known as “SNIP 18.” This proposal, developed by core team member StarkWare, received broad support, with 98.94% of voters endorsing it through Snapshot's decentralized Snapshot X platform.
Vitalik Buterin, the co-founder of Ethereum, has made headlines with his recent investment in the Aave protocol. By depositing 2.27 million USDC and 2,851 ETH—totaling approximately $6.73 million—Buterin has drawn substantial attention to Aave, igniting discussions about its future prospects and potential impact on the broader DeFi ecosystem.
Aave (AAVE) has recently surged beyond the $150 mark, achieving a new yearly high. This upward movement has captured the attention of investors and analysts alike, who are now speculating about the possibility of a substantial price rally.
Crypto insights firm Santiment says that three altcoins are now worth keeping an eye on as one historically bullish indicator begins flashing.
As the price of Bitcoin (BTC) retests its important resistance level of $60,000, the crypto market has regained momentum over the past few hours. Moreover, the market has recorded a jump of 1.97% within the past day and is currently valued at $2.09 Trillion.
Meme coins have been sliding in recent weeks. According to Coingecko, all meme coins' total market cap is around $42 billion.
AAVE bulls find resistance, leading to a mid-week pivot that could be the start of sizable wave of profit-taking.
Meanwhile, the SEC claimed that when it said "crypto asset securities" it never meant tokens were actually securities.
Users holding over 20,000 STRK will soon have access to a new staking mechanism for the token following a near-unanimous vote.
TL;DR Starknet to Introduce Staking: Starknet will launch staking for its STRK token after the SNIP 18 proposal was overwhelmingly approved by the community. Community Support: The proposal saw 98.94% approval, highlighting strong community backing for decentralization efforts.
Starting in the fourth quarter of this year, Starknet will enable users holding more than 20,000 STRK tokens to stake on its network.
The approved staking mechanism for STRK token could significantly enhance community participation and drive the network towards full decentralization. The post Starknet community greenlights staking mechanism for STRK token appeared first on Crypto Briefing.
Starknet implements dynamic minting for STRK tokens, balancing staking incentives and token supply with community backing.
Bitcoin (BTC) saw a brief foray above $58,000 on Thursday following the release of US inflation data and Federal Reserve rate cut bets. US consumer prices bumped up slightly in August, but core inflation remained persistent, with the Core Consumer Price Index increasing by 0.28%, compared to an anticipated 0.2% increase.
Starknet has approved a governance proposal, named “SNIP 18,” to implement staking within its network.
The new mechanism on Starknet means that anyone holding more than 20,000 STRK will be able to stake on the network, from the fourth quarter of this year.
Ethereum's Vitalik Buterin has made a move, and it could have some implications.
Aave shows strong growth potential with bullish trends as GHO grows as well.
The Dogwifhat (WIF) coin price was subdued on Thursday, trading little moved in the $1.5450 area as other major cryptos crawled higher.
Ethereum (CRYPTO: ETH) co-founder Vitalik Buterin swapped a significant sum of ETH to deposit into a DeFi protocol, with traders predicting a bright future for it. What Happened: Lookonchain data shows that Vitalik Buterin deposited 2.27 million (CRYPTO: USDC) into Aave (CRYPTO: AAVE).
Reduced monopoly helps SOL manage risks and stabilize value during market downturns.
Three tokens have significant short interest and may see a squeeze of those positions. MANA, GRT and AAVE can extend their gains, erasing the accumulated short positions.
The memecoin space is gaining strength as the top cryptos are trying hard to rise & sustain above the achieved resistances. The volume over the platform has increased by over 6% and the market capitalization has also risen by nearly 2.5%. While Dogecoin & Shiba Inu have been sustaining above $0.1 and $0.
AAVE has been one of the altcoins that have seen a recovery in both volume and price over the last week. This comes with a jump in positive sentiment associated with the DeFi token, enabling bulls to reclaim control of the price once more.
Aave (AAVE), Decentraland (MANA), and The Graph (GRT) have emerged as three altcoins that could enjoy a price surge as the crypto market rebounds. Onchain analytics platform Santiment highlighted a crucial indicator proving these altcoins are worth watching.
The deployment of GHO has been limited to Ethereum and Arbitrum networks, at least for now.
A wallet linked to Vitalik Buterin made a deposit to Aave in ETH and USDC following a period of ETH sales. Buterin claims some of the sales were part of a previously preset CoW Swap liquidation to benefit a bio-defense organization.
AAVE, a leading decentralized finance (DeFi) token, has surged by 21% to achieve a new two-year high. This impressive leap has caught the attention of investors and analysts alike, with the $182 mark now appearing to be a realistic target.
The Aave community is currently considering supporting Coinbase's upcoming Bitcoin wrapper, cbBTC, in its V3 protocol.
Aave, The Graph and Decentraland could see significant spikes due to notable declines in their funding rates.
dogwifhat is poised for a 10% price drop as on-chain metrics hint at a bearish signal.
In the current bearish market sentiment, Solana-based Dogwifhat (WIF) is poised for a potential price correction in the coming days. On September 11, 2024, WIF experienced a price drop of over 8% and is now there at a crucial level.
The DeFi lending platform could add support for a much-anticipated token from a leading exchange.
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With the major cryptocurrencies regaining lost ground against the bears, the market has returned to the $2 trillion market cap level. This led to huge gains in the altcoin market as the tokens rode the bullish wave.