FLOKI and PEPE were up by 2% and 8%, respectively. PEPE’s indicators looked mostly bullish, but FLOKI’s indicators were bearish. Meme coins like most cryptos experienced price corrections on April 27th. Pepe (PEPE) and Floki Inu (FLOKI) weren’t exceptions, as their values plummeted sharply. However, both meme coins showed signs of recovery, which could allow … Read more
Cardano has a bearish market structure after recently slipping below $0.45. The imbalance immediately overhead could rebuff the buyers’ attempts at recovery. Last month, the Decentralized Finance (DeFi) and Non-Fungible Token (NFT) sectors related to Cardano’s [ADA] experienced a decrease in value. Simultaneously, user engagement and the price of ADA itself showed a decline. The … Read more
Io.net, a decentralized physical infrastructure network, suffered a cybersecurity breach recently. Hackers exploited exposed user ID tokens, enabling an SQL injection attack that altered device metadata within the GPU network. As an analyst, I’d rephrase that as follows: I.net, a decentralized physical infrastructure network (DePIN) where I serve as an analyst, recently fell victim to … Read more
As a crypto investor, I’ve noticed some exciting movements in the market recently. Bitcoin (BTC) surged past $64,000 before the weekly close on April 28, while altcoins sought recovery. After hitting weekly lows of $62,400, BTC bounced back and maintained a steady price around $63,500 at the time of writing. As a Bitcoin analyst, I’ve … Read more
Though assets locked increased, the overall TVL lost 22% of its value. Sentiment around BNB remained positive but search for the coin fell. Two days after BNB Chain announced native liquid staking on Binance Smart Chain (BSC), staked assets on the network surged. With DeFiLlama reporting a 2.75% increase in TVL for Binance Staked ETH, … Read more
EigenLayer’s deposits equated to about 4% of ETH’s total circulating supply. Due to EigenLayer, staked ETH supply has risen 1o% YTD. EigenLayer has been a game-changer in the decentralized finance (DeFi) world, attracting over $15 billion in deposits since its launch. The protocol’s total value locked (TVL) has surged 14x this year, making it the second-largest … Read more