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Analysts Warn Of Things To Watch Out As SushiSwap Cuts Block Reward

The analysts warn of things to look out for with the latest decision of SushiSwap to cut down the block rewards as the platform blew up on its promise for outsized rewards for everyone that will get into the automated market maker. 1000 SUSHI tokens per block for liquidity providers was the set award before the platform went live so let’s read more in today’s altcoin news. This deal seemed good enough to lure in more than $1.6 billion crypto assets but now those days of outsized rewards are over. As planned, each block reward dropped to 100 SUSHI on…

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Group Of Analysts Believe That Chainlink Will Crash In The Near Term

A group of analysts believe that Chainlink will decline even further after the recent 25% drop in the days ahead. LINK suffered a strong retracement since hitting the $20 level last week as we reported in the chainlink news. There’s a group of analysts that are willing to take short positions on the cryptocurrency because of its volatility as they believe LINK will crash further in the upcoming days. At the high of $20, LINK was trading around 1000% higher than the March lows. A number of analysts are preparing for the larger dip in price after the 20% correction.…

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Top DeFi Token YFI Crashed 20% But Analysts Remain Bullish

The top DeFi token YFI has crashed by 20% after the long parabolic run over the past few weeks. The Ethereum-based asset traded at $4,200 a week ago and yesterday it hit $16,500 which is a gain of more than 300% in seven days. However, the asset started to reverse so let’s find out more in the altcoin news today. The top Defi token YFI is down by 20% over the past 24 hours as the market believes the asset enters the overbought or overvalued territory. In the past 24hours, YFI dropped by 20% and is now trading at $12,000…

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LINK Explodes Once Again By Another 15%, What Do Analysts Think?

LINK explodes once again by 15% over the past day, surging against the US dollar outperforming the Bitcoin 0.5% performance. In our latest Chain link news today, we are reading more about the price analysis and what the analysts think about it. At the $19.00 price that LINK is trading at, the cryptocurrency hit a new all-time high. This is the latest in the series of higher highs that were set in the previous months enabled by the strong influx of investors into the altcoin. Many have been confused about this price action as now LINK explodes once again, reaching…

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Is XRP Preparing To Plunge Lower In A Newly Formed Bearish Pattern?

Analysts wonder is XRP preparing to plunge lower as the cryptocurrency started forming a bearish price pattern after it dropped by 1% in the past day despite BTC rallying. In our latest Ripple XRP news, we find out more about the price possibilities. XRP’s underperformance of the leading crypto asset could add pressure to the move of the downside and one analyst even eyed the $0.25 price target for the cryptocurrency which is about 10 percent below the current price level. XRP is preparing to go lower in the upcoming days as the asset failed to hold the critical downtrend…

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Matic Surges 9% In The Past 24 Hours, Keeping The Analysts Optimistic

Matic surges 9 percent in one day and its strong performance came in spite of Bitcoin stagnating along with Ethereum, which only gives the altcoins more opportunities to break higher so let’s find out more in the Matic news. While the ongoing move is nascent, the analysts are quite optimistic about Matic’s long-term prospects thanks to the technical factors and the strengthening fundamentals of the Matic Network. Against bitcoin, the coin was rallying for three or four weeks but analysts are now expecting a macro bull market as Matic surges over the past day. One trader even indicated that the…

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Despite Stock Market Disaster Predictions, Bitcoin Markets Permeate Bullish Signals

A number of Wall Street veterans like Bear Traps Report author, Larry McDonald, think that markets might see some “disastrous and unimaginable” impacts in the near future. Another seasoned analyst, Larry Williams, believes the S&P 500 will shudder after July 28. Despite the pending doom edging toward traditional stock and equities markets, bullish crypto researchers believe the digital currency bitcoin will see the opposite trend going forward. Wall Street Vets Predict Disastrous Market Outlook It’s safe to say that a lot of people are concerned about the global economy and the financial systems leveraged in the country they reside in.…

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