snx
DeFi Token Price Analysis: COMP, SNX, and UNI
This week in crypto, a DeFi Token Price analysis of COMP, SNX and UNI taking into account the prediction of technical indicators and the overall crypto market.
SNX and AAVE Prices Remain Stable Amid Bitcoin Driven Market Dip
Despite the ongoing market correction, DeFi tokens Synthetix Network Token and Aave maintains stable price momentums.
Coinbase Lists DeFi Tokens AAVE, BNT, and SNX as Warning of US Crypto Wallet Regulation Looms
2020 has been all about the DeFi boom. Many crypto exchanges have welcomed the DeFi craze with open arms, notably Coinbase, with the addition of new coins.
Synthetix Secures $20M Investment from DWF Labs
Synthetix has secured a $20 million investment from Web3 investment and quantitative trading firm DWF Labs. The partnership will see DWF Labs tasked with increasing SNX token liquidity and market making across centralized and decentralized exchanges, with Synthetix’ perpetual futures integrated into DWF Labs’ trading business.
Ethereum Price Set to Reach $2,000 When the Correction is Over, Altcoins to Outperform Bitcoin
Cryptocurrency trader commented on the outlook for ETH, saying once the correction is over, Ethereum’s price could head towards $2,000
DeFi was the Main Trigger of Bitcoin Flowing to Ethereum, ETH Price to Surge Even Higher
Currently, the DeFi sector’s total value locked (TVL) has surged above $16 billion, setting a new high for the ecosystem, according to DeFi Pulse.
DeFi Projects Continue to Generate Huge Returns as a Decoupling from Bitcoin is Observed
DeFi projects continue to be lucrative, as their market cap has ballooned to $19.7B (+135% in the past month), according to on-chain data provider Santiment.
Uniswap Tops $50 Billion in Trading Volume but Its Sources of Liquidity Are Questioned
Uniswap has recently made headlines with its total trading volume surpassing $50 billion.
DeFi to Reach $20 Billion in Total Value Locked by the end of 2020
The decentralized finance (DeFi) industry recently reached over $15 billion in total value locked before dropping back to $14 billion in TVL.
DeFi Tokens Surge as Bitcoin and Ethereum Hover Around Support Levels due to the Coinbase Effect
Following Coinbase’s announcement, AAVE, BNT, and SNT tokens all surged, rallying from 10% to 24%.
Chainlink Price Could be Trading at Under $0.01 if This Happens—Is LINK Overvalued?
Chainlink’s (LINK) price has consolidated to $12.28 at press time. Although LINK has seen a considerable recovery, analysts have not been very bullish.
Grayscale Plans to Offer More Digital Asset Products to Meet Rising Investor Demand
Grayscale Investments LLC has announced plans to explore other digital assets.
Bitcoin Evaporated 30 Billion Market Cap Amid Coronavirus Pandemic and Bearish Economic Outlook
There's a sea of Red for stocks and cryptocurrencies this week. Bitcoin has dipped below USD $6000 for the first time since May 2019. The selloff of cryptocurrencies has extended to altcoins which the price of Ethereum and Bitcoin SV have dropped 30% and 40% respectively.