Author: Benjamin Lee
The chief investment officer of the crypto asset manager Bitwise says he believes one decentralized finance (DeFi) project on the Ethereum (ETH) blockchain is currently undervalued. Matt Hougan says the market cap of Uniswap (UNI), which is approximately $6 billion, currently “feels too small.” “[Uniswap] would be the 400th largest financial services business in the world – roughly the same size as Storebrand, a savings and insurance business in Norway.” According to Hougan, regulatory uncertainty could be driving Uniswap’s current undervaluation, but that could change amid the U.S. Securities and Exchange Commission’s (SEC) recent initiatives to provide regulatory clarity for crypto…
The top US-based crypto exchange by volume is announcing upcoming support for a low-cap artificial intelligence (AI)-powered decentralized finance (DeFi) token. In a new announcement, Coinbase says that it has added Mamo (MAMO) to its listing roadmap, indicating plans to list the coin for trading in the future. Mamo is a personal finance bot project that aims to boost user return on interest through tools powered by AI. According to the platform’s whitepaper, the protocol: “Creates calm, steady progress through thoughtful, risk-aware strategies Explains everything in plain language, helping you learn as you earn Keeps you in control. Add, pause,…
Mantle is up 20% in 24 hours amid overall altcoin rcovery. The MNT token reached highs of $0.91 on Tuesday and could break to $1 and eye the all-time high of $1.51. Ecosystem growth buoys overall bullish momentum. Mantle (MNT) price has surged more than 20% in the past 24 hours, jumping from lows of $0.72 to $0.91. This uptick aligns with other altcoins’ bounces over the past day, with likes of Litecoin and Pump.fun among top gainers in the largest 100 coins by market cap. Notable gains for Mantle have come amid a 280% surge in daily volume to…
Aave’s daily fees increased by around 200% within the last three months. They hit multi-month peaks of over $3 million per day, indicating intensified borrowing. The surge reflects reinvigorated DeFi lending interest. Aave continues to dominate the DeFi lending market, this time attracting attention with serious figures. CoinGecko data shows daily fees on the blockchain have increased by more than 200% since May. That signals amplified on-chain activity and soaring demand for decentralised liquidity. Most importantly, the statistics signal DeFi borrowing resurgences. The chart shows AAVE’s 24-hour fees were below $1.2 million in early May. It had surpassed 43 million…
Litecoin price is up 12% in 24 hours, hitting $127 as altcoins look to bounce back. The LTC price could rally to $200 and target a new all-time. Bullish catalysts include spot ETF anticipation, payments activity/adoption and treasury strategy moves. Litecoin trades as one of the top gainers in the past 24 hours, with the altcoin boasting a 12% spike as price hovers near $126. Gains see weekly uptick extended and LTC up by more than 47% in the past month. Amid a confluence of bullish catalysts, can Litecoin price jump to its year-to-date highs near $140 and target multi-year…
MYX Finance (MYX) price has skyrocketed amid hype around its upcoming V2 upgrade. Binance listing has also boosted the token’s visibility and sparked retail FOMO. MYX Finance TGE, two months ago, saw 30,296% oversubscription, fueling early demand. While the cryptocurrency market is no stranger to wild price swings, the recent surge in MYX Finance (MYX) has grabbed the attention of traders and analysts alike. Over the last 24 hours, MYX token soared by an astonishing 289%, briefly hitting an all-time high of $0.989 before pulling back to $0.8810 at press time. This dramatic rally has sparked widespread interest, especially as…
A widely followed crypto analyst who nailed the 2022 Bitcoin (BTC) crash is warning of an impending BTC meltdown. In posts in his Telegram channel, pseudonymous trader Crypto Capo tells his 129,000 subscribers that BTC and altcoins could see significant dips in price in the coming weeks as risk for a black swan event remains high. According to the trader, both altcoins and BTC could see staggering price drops that see them cut in half – or more. However, according to Capo, investors appear to be gobbling up the flagship crypto asset during dips despite signs of an impending crash.…
Morpho price rose as Morpho Labs joined other top real-world asset platforms in a new partnership. RWA powerhouses Plume, Centrifuge among those to support Ascend accelerator. MORPHO token jumped 10% in 24 hours to $1.85. The cryptocurrency market is up slightly on Monday, and Morpho (MORPHO) is one of the top gainers after posting double-digit gains in the past 24 hours. While the uptick aligns with overall crypto bounce that mirrors a surge across stocks, MORPHO is up after the crypto platform teamed up with other players across the real-world assets market to launch a new accelerator project dubbed Ascend.…
The crypto strategist who nailed the Bitcoin (BTC) local top in January believes that the memecoin Pudgy Penguins (PENGU) is gearing up for another upside burst. The pseudonymous analyst Bluntz tells his 326,600 followers on the social media platform X that PENGU looks poised for a wave-five surge. The trader relies on Elliott Wave theory, which states that a bullish asset tends to witness a five-wave rally, with waves one, three and five serving as upside moves and waves two and four acting as corrective periods. Says Bluntz, “This looks like the PENGU wave four, in my opinion. If you…
BitMEX co-founder Arthur Hayes is unloading his altcoin positions, believing that the crypto market will witness a correction this month. In a new post on the social media platform X, blockchain tracking firm Lookonchain spotted Hayes selling millions of dollars worth of Ethereum (ETH) as well as the memecoin Pepe (PEPE) and the stablecoin-focused project Ethena (ENA). “Arthur Hayes sold 2,373 ETH ($8.32 million), 7.76M ENA ($4.62 million) and 38.86 billion PEPE( $414,700)…” The crypto veteran says he’s selling his altcoins because he believes that Q3 will be a period of sluggish economic growth. Hayes believes monetary policies are not…