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Analysts Expect YFI Rebound After The Subsiding FUD: Report

Analysts expect YFI rebound after the governance token was headed north during the European session on Wednesday, reacting to the broader downside pressure so let’s read more in the latest altcoin news. The YFI/USD exchange rate added another 3.33 percent and increased to $13,481 as of today. The games as a part of the market-wide uptrend which was led by Bitcoin’s surprising move above $12,000 which was considered a crucial resistance level that flipped into a support level. the altcoins are usually tailing Bitcoin’s trend. The analysts expect YFI rebound as the coin increased once the traders found short-term upside…

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Uniswap Network Fees Are Still Attractive Despite UNI Price Crash

The Uniswap network fees are still attractive to traders despite the recent UNI price crash due to the turbulence on the market as we saw previously in the altcoin news. Just before listing on Uniswap, the token’s price dropped to lows of $1.00 after the 400 UNI airdrop recipients cashed out their tokens. Right after that, bigger buyers stepped in and boosted the price up to highs of $8.50. Since these highs were reached, the price of UNI was sliding lower with it not being able to escape the immense bearishness that was seen over the aggregated Defi ecosystem. If…

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Tron (TRX) Price Analysis: Increase In Volatility Above $0.025

Tron price started a strong rally after forming a support base above $0.0250 against the US Dollar. TRX price rallied to $0.0300 before trimming almost all gains to test the 55 simple moving average (4-hours). There was a break above a key bearish trend line with resistance at $0.0258 on the 4-hours chart (data feed via Bitfinex). The pair is likely to start a fresh increase as long as it is above $0.0255 and $0.0250. TRON price surged towards $0.0300 and recently declined heavily against the US Dollar, while bitcoin broke $12,000. TRX price is still well supported above the…

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Uniswap Volume Crashed By 83% Since Peak As DeFi Slump Continues

The Uniswap volume crashed by 83% since its peak while the decentralized finance market is slumping with coins like UNI and YFI decline continuously. With the lackluster price performance of the tokens, the Uniswap volume crashed substantially so let’s read more in the latest crypto news today. When Uniswap surpassed Coinbase Pro in daily volume at the start of September, it processed $953 million in less than a day. Since then, the daily volume of the decentralized exchange dropped and Uniswap processed $161 million worth of volume in October which marks an 83% drop since the peak. From June to…

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Cardano (ADA) Price Analysis: Trading Near Make-or-Break Levels

ADA price is showing positive signs above the $0.1050 resistance against the US Dollar. The price is facing hurdles near $0.1110, but it is above the 55 simple moving average (4-hours). There is a major bullish trend line forming with support near $0.1070 on the 4-hours chart (data feed via Kraken). The price could either decline towards the $0.1025 support or it might continue to rise towards $0.1150. Cardano price is showing positive signs above the $0.1050 level against the US Dollar, similar to bitcoin. ADA price is likely to continue higher as long as it is trading above $0.1025.…

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Ethereum Price Analysis: ETH Gaining Momentum Above $375

Ethereum price started a fresh increase after it settled above the $360 zone against the US Dollar. ETH price is currently trading well above $372 and the 55 simple moving average (4-hours). There is a key bullish trend line forming with support near $376 on the 4-hours chart (data feed from Coinbase). The pair is currently consolidating gains, but it is likely to start a fresh increase above $380. Ethereum price is showing positive signs above $372 and $376 against the US Dollar. It seems like ETH/USD is preparing for more gains above the $385 and $390 levels. Ethereum Price…

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OKEx and Bit Berry Work to Support Each Other’s Wallets

Leading crypto wallet Bit Berry has signed an MOU with OKEx, one of the world’s biggest cryptocurrency trading platforms. The document states that each company will work with the other to further establish each enterprise’s digital wallet technology. In addition, Bit Berry will list the exchange’s native currency OKB, giving its clients access to an entirely new coin. OKEx and Bit Berry Join Hands At the time of writing, Bit Berry is stationed in South Korea and boasts more than 100,000 customers. Bit Berry customers have shown excitement over the idea of potentially trading a new currency. OKB is a…

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Digital Yuan Users Are Unimpressed With It After $1.5M Giveaway

The digital yuan users are unimpressed with it after China released a weekly trial of it and users think it hasn’t offered anything different than other payment apps like Alipay. In today’s crypto news, we take a closer look at the launch. After a week of utilizing $1.5 million worth of digital yuan sent to 50,000 Shenzhen citizens, those that used the funds to purchase something were not impressed. Analysts however claimed that the trials are a major step towards a real-life practical usage for China’s digital crypto. The Digital Yuan users were not impressed with but the central banks…

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Bloomberg Names PolkaDot “An Ethereum Blockchain Killer”

In a new article, Bloomberg names Polkadot an Ethereum Blockchain killer as ETH has really faced strong competition with platforms like Stellar and Cardano. Ethereum has long been the leading smart contract blockchain after the launch in 2015 but let’s see if that is changing in our latest Ethereum news. Bloomberg names Polkadot an Ethereum blockchain killer in their new article. Ethereum faced many shortcomings in the recent months which made many look for the competitors rather than Ethereum. Its relatively high block times of 13 seconds disallowed certain applications from being built and the high transaction fees have also…

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OKEx Token Collapses As Hope Renews For COVID Vaccine: Report

The OKEx token collapses as the market turned green in new hopes for the COVID vaccine and Stellar’s XLM moved wildly to the upside reacting to the news of another stimulus package. In our latest crypto news, we take a closer look at the price analysis. OKEx struggles to recover after the Chinese authorities launched an investigation against the company while Bitcoin remains steady and Stellar moved upwards wildly. The stock markets are up after the renewed hope of a Covid vaccine and another US stimulus package. Over the weekend, the crypto exchange OKEx struggled to regain footing. It is…

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Filecoin Crashed By 80% In Less Than A Week, Miners Suffer The Most

Filecoin crashed by 80% in less than a week but miners are having the worst time as they are forced to purchase the tokens in order to add more capacity as we are reading more in our latest altcoin news. Filecoin’s history was quite turbulent after it was launched but investors can probably agree that nothing resembles what happened to the coin this past week. Speculators are also having a rough time as the token had a brief and sudden increase of more than 100% right after the launch. Traders and analysts debated everywhere about the fundamentals of the project…

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Stellar Lumen (XLM) Price Aiming More Upsides Above $0.085

Stellar lumen price is gaining pace above the $0.0800 resistance level against the US Dollar. XLM price traded as high as $0.0837 and it is now well above the 55 simple moving average (4-hours). There is a declining channel or a bullish flag forming with resistance near $0.0812 on the 4-hours chart (data feed via Kraken). The pair could resume its upward move once it clears the $0.0812 and $0.0820 resistance levels. Stellar lumen price is showing bullish signs above $0.0780 against the US Dollar, similar to bitcoin. XLM price could continue to rise above $0.0820 as long as it…

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Ripple Price Analysis: Chances of More Losses Below $0.24

Ripple price started a fresh decline after it faced as strong resistance near $0.2600 against the US dollar. The price is now trading well below the $0.2480 pivot level and the 55 simple moving average (4-hours). There was a break below a key bullish trend line with support near $0.2500 on the 4-hours chart of the XRP/USD pair (data source from Bittrex). The pair is likely to continue lower if there is a clear break below the $0.2380 support. Ripple price is trading is a negative zone below $0.2500 against the US Dollar. XRP price is likely to continue lower…

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Tether May Become the Second-Largest Cryptocurrency Soon

Will stable currencies ultimately take over bitcoin? According to a new report, the controversial stable coin known as Tether is slated to become the second-largest cryptocurrency by market cap as early as next year, and will only be smaller than bitcoin, but how long will that last? Is Tether About to Get Much Bigger? The world of stable coins has doubled in the past few months, and it looks like average traders and retailers alike are getting into the stable coin craze. Even Atari, a video game company, has announced plans to enter the crypto space and unveil its own…

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OKEx Token Crashed After The Founder Got Taken Away By Police

The OKEx token OKB, crashed after the founder of the exchange got taken away by the police and the platform paused deposits so let’s read more in our latest crypto news today. The western traders of the OKB token which is minted by the crypto exchange OKEx will soon be met with the price crash while the traders in the East already saw the market analysis as the day progresses and the coin could continue falling. The coin continued its drop yesterday prompted by the announcements of the Malta-based exchange which suspended the withdrawals after the Chinese police took away…

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Libra Adds Another Banking Expert to Its List of Executives

Facebook-backed Libra has issued another “major” announcement. It is bringing former HSBC executive Ian Jenkins on board to serve as the new chief financial officer of a division in the company designed to manage the Libra payment system. Libra Brings Ian Jenkins Aboard Jenkins initially served as a former business finance head and general group manager for HSBC. He also has experience working with other major financial institutions such as Santander and Credit Suisse. The big question following these statements is likely, “Does anyone even care anymore?” Seriously, Libra has allegedly been making headway for the past year, yet nothing…

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Spanish Central Bank Focused On Creating Digital Currency: Report

The Spanish central bank is heavily focused on creating their own central bank digital currency and see the implications it has on the Spanish economy. Following the latest crypto news, we are reading more about their idea. The Spanish Central Bank has a new strategic plan where they will focus on design proposals for a central bank digital currency. Spain is a member of the European Union which uses the EUR while the European Central Bank is also studying the digital euro. The bank released its strategic plan from 2020 to 2024 which outlines the priorities over the next four…

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Filecoin Token Offering Ended With Justin Sun Demanding Investigation

The filecoin token offering created more controversies as members from the crypto community alleged that an unknown account received 1.5 million tokens where only 500,000 were due for unlocking which is why Justin Sun demands the SEC to investigate further. In our latest cryptonews, we read more. About 800,000 tokens out of the 1.5 million were transferred to Huobi and other exchanges so where are the rest? According to reports, an unidentified Filecoin representative insisted that the decision was made in order to stabilize the price in the listing period. The representative said: “It is to establish an independent market…

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Filecoin Rally Stops As Key Uptrend Support At $60 Remains Intact

Filecoin rally stopped as the key uptrend support remained at the $60 level intact. FIL started a strong rally above this level but the price corrected lower but there is strong support close to the $60 so let’s find out more in the latest crypto news. Filecoin price climbed from the $52.00 support and surged over 50% against the US dollar as it tested the $75 resistance and started a downside correction. There’s a short-term declining channel forming with the resistance close to the $67 level on the 5-minute charts for the FIL/USDT pair. The pair will continue to move…

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Curve And YFI Are Falling Together And Researcher Explains Why

Curve and YFI are both falling together and in our altcoin news today, we will try and find out why, according to a crypto researcher. Curve and YFI are among the few decentralized projects that had interesting yield farming products to offer and their volumes increased upwards due to the consistent community involvement. However, the price of their governance tokens is reflecting the boom and as Anil Lulla, the co-founder of Delphi Digital which is a New York-based digital asset research company tried to provide a potential explanation behind the correlation of the two assets. in the latest analysis titled…

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