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SNX Investors Start Accumulating The Coin Despite The Crash

SNX investors start accumulating the coin despite the recent price crash when the coin got down by 5% over the past day and 20% below the local highs so let’s read more in our cryptonews today. The token dropped quite hard but the investors remain bullish and started accumulating the coin despite the price crash. According to Matt Casto, the crypto-asset analyst working for CMT digital there are some signs that the token is being accumulated massively:  “September had the two largest daily quantites of SNX bought on DEXs (9/5 and 9/6) so far this year and was the month…

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SNX Token Rebounds As The On-Chain Technicals Enhance

The SNX token rebounds quickly after the prolonged volatility over the past few days with the inflows of selling pressure coming due to the huge amount of SNX tokens stolen due to the recent KuCoin hack as we are reading more in the latest altcoin news. The buyers were aggressive with absorbing this high selling pressure but have managed to push the cryptocurrency higher as its mid-term trend remains in strong control of the bulls. One analytics platform explained in a recent tweet that the on-chain technicals are showing that the cryptocurrency is incurring growing fundamental strength. This could allow…

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Ethereum Is Crippling Growth Of DeFi With $99 Gas Fees

It’s no secret that Ethereum’s been seeing a massive surge of popularity, particularly its decentralized finance (DeFi) protocols. However, with this massive popularity, a new skyrocket in fees have come. As it stands now, the network had processed an all-time-high of $6.87 million in fees alone just yesterday. ETH Gas Prices Reaches Unfeasible Levels Kain Warwick stands as the founder and CEO of Synthetix, a DeFi protocol on Ethereum. Speaking to the press, he warned that these record-high fees could negatively impact DeFi and its growth. He explained that the DeFi environment had evolved within the past three months. In…

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