BTC, ETH and most altcoins fail to capitalize on last week’s move.
The total cryptocurrency market is down nearly 2.5% over the past 24 hours. BTC also fell over 1.5%, while ETH is down about 2%. Not many tokens are in the green — except for ADA, which is up 2%.
Buying pressure has been muted since Friday as traders look toward the Luna Foundation Guard’s новчаник to see if the group has added any BTC on the heels of Terraform Labs’ објава to add $3 billion of the market-leading coin. The wallet has not bought any significant amount of BTC since last Wednesday — while many are anxious that a lack of buying will impede the markets from trending higher.
DeFi Digest: Terra, Frax announce decentralized stablecoin-focused pool
In a series of governance proposals and tweets, Do Kwon and Sam Kazemian увео a new concept that bridges the gap between their respective decentralized stablecoins, UST and FRAX. The partnership will consist of a “4pool,” a Curve Finance liquidity pool composed of UST, FRAX, USDC and USDT. Terraform Labs says the proposal will “grow “the entire decentralized stablecoin pie and help create sufficient liquidity to allow the entire DeFi industry to transition to greater usage of decentralized stablecoins.”
Curve Finance, an “algorithmic savings account,” allows users to provide stablecoin and other token liquidity in exchange for yields — forming a low-slippage environment for swapping and trading. Through this proposal, Terra and Frax can use their voting power through ЦЛК and other methods to make the 4pool the most liquid and incentivized stablepool across blockchains. The pool will be tested at first on Fantom, Arbitrum and Ethereum, before expanding elsewhere.
NFT Snapshot: Pudgy Penguins project bought for $2.5M
The popular nonfungible token collection Pudgy Penguins је купљено for $2.5 million, or 750 ETH, by Luca Netz, a Los Angeles-based entrepreneur. Netz will receive complete control of the project from its four cofounders, along with future royalties. He told CoinDesk in an interview, “everything is aligned to make this one of the most prevalent projects of all time.”
This sale comes after Pudgy Penguins community members гласао to remove cofounder Cole Thereum from the leadership team, citing false promises and shady behavior with community members. As one of the more iconic projects to come out of the nonfungible-token craze last summer, the Pudgy Penguins community is seeking new life with this leadership change.
Најбољи добитници и губитници алтцоина: Неколико алтцоина има бољи учинак
- CELO/USDT +10.05%
- SLP/USDT +6.69%
- МИНА/УСДТ +3.32%
- ENS/USDT -8.48%
- СПЕЛЛ/УСДТ -10.64%
- ТАЛАСИ / УСДТ -12.63%
With most of the market down, CELO stands out. Yesterday, Ocelot Labz предложено for the project to move away from its initial vision as a Layer-1 blockchain and shift focus to build on top of Celestia as a Layer-2 solution.
Despite a dominant few weeks, WAVES is seeing the biggest losses as some sought to capitalize on a short-selling opportunity after a large up-move and debate surrounding its tokenomics structure.
BTC technical analysis: Breaking lower
BTC continues to consolidate above the 45,000 USDT mark after breaking above and holding it for the first time since January. Bullish momentum seems to have subsided for the time being, however, as buyers cannot make any additional push up following last week’s move. This level should continue to be a key pivot for support or resistance for the near term.
ЕТХ техничка анализа: Консолидована већа
ETH continues to show relative strength compared to BTC in recent days. The token wicked above the 200-day moving average, only to be shot back down below 3,500 USDT. Bulls have been in control for a few weeks with only a handful of daily red candles, including today’s. Moving up from here is expected by some, if past performance is any indication.
Altcoin technical analysis: NEAR has a monster weekend
The Layer-1 token NEAR made huge moves over the weekend, before coming back down to Earth today. It jumped over 11% on Saturday and 5.5% on Sunday — setting up for what many hope is a run to all-time highs in the future.
The token has traded above significant moving averages since the end of March — leading major altcoins in gains over that time period. Holding the 14.50 USDT to 15 USDT range will be key if more upside is in the cards.
Нисте ОККС трговац? Пријавите се и затражите свој нови бонус за столарију.
Претплатите се на подцаст ОККС Инсигхтс, Пошаљите!
ОККС Инсигхтс представља анализе тржишта, детаљне карактеристике и куриране вести од крипто професионалаца.
Source: https://www.okx.com/academy/en/crypto-markets-choppy-after-red-weekend-crypto-market-daily/