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Chainlink Seems Weak, Flashes Signs Of Bearishness: Analyst Opinion

Chainlink seems weak and heavy with signs of bearishness after witnessing strong selling pressure over the past few days. LINK was unable to mirror the gains that were set by Bitcoin so let’s see what the price analysis looks like for this asset in our Chainlink crypto news. The losses struck a huge blow to the technical outlooks and they could even open the gates for more downside pressures in the upcoming weeks and months. Looking at the technical outlook probabilities, one analyst said that Chainlink seems weak and awaits for the coin to see further downsides unless the bulls…

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TRON’s 20% Climb Is The Start Of An Extended Uptrend: Opinion

TRON’s 20% climb over the week is just the start of an extended uptrend according to analysts as both Bitcoin and other altcoins breaking out of the crypto space. A few other altcoins on the top 100 by market cap showed strong rallies but only a few like TRON and litecoin lagged behind so let’s find out more in the TRON TRX news today. The chart patterns show a similar price action as bitcoin and other altcoins did before the major breakouts and Tron finally followed suit. TRON’s 20% climb over the past week confirms the breakout and signals that…

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Tether Is To Blame For Ethereum’s High Fees: Analyst Opinion

Ethereum fees hit new peak levels recently and according to analysts, Tether is to blame. In our latest tether news today we read more about the Glassnode analysis. Some analysts from Glassnode created a chart showing how the Ethereum fees have hit a new all-time high with major names such as Tether and Uniswap leading the spending. The analysis shows that the ETH gas spending reached a new all-time high and USDT transfers make up to 14% of all gas spending. According to the new analysis from the blockchain intelligence company Glassnode, the source of the skyrocketing fees resulting in…

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Ethereum Will Remain The Dominant DeFi Platform: Analyst Opinion

Ethereum will remain the dominant Defi platform despite the attempts of other blockchains such as TRON and EOS of trying to catch up. Most of the total value locked into DeFi is locked in Ethereum based platforms and it seems that things are going to stay this way as per the Ethereum latest news. The industry observers believe that Ethereum will remain the dominant Defi platform because the growth among Defi enabling blockchains will come from other network effects as well as utility and capacity. With Ethereum boasting the first-mover advantage and the rapidly growing, it will be the best…

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