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Showing posts with the label volume

THORChain is bullish, Hedera’s volume soars, Kangamoon forays into blockchain gaming

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The crypto market is currently stable. Meanwhile, investors and traders are keen on THORChain (RUNE), Hedera (HBAR), and Kangamoon (KANG). Summary: THORChain is bullish and trading above all the daily moving averages. Hedera’s trading volume surged 289.70% in the past 24 hours. Crypto analysts are bullish on Kangamoon in the ongoing presale. THORChain is bullish THORChain is an interoperable and decentralized liquidity network enabling coss-chain swapping.  RUNE prices have been steadily rising in the past two weeks, driving trading volume s higher. You might also like: THORChain (RUNE) gains 48% in one week From technical indicators, RUNE is trading above all daily moving averages, a bullish signal. Analysts predict the token to continue rising, hitting $2 or $3 in the days ahead. Hedera unveils stablecoin studio Hedera Hashgraph has launched Stablecoin Studio, a platform that simplifies stablecoin creation without requiring specialized blockchain kno...

Uniswap outperforms Coinbase in spot volumes, Maple Finance returns to Solana, Borroe attracts investor interest

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Uniswap’s (UNI) spot volume has been rising since early 2023. It exceeded Coinbase’s at some point, highlighting the platform’s increasing popularity. Elsewhere, Solana (SOL) appears to be recovering after Maple Finance resumed operations on its network. Meanwhile, Borroe (ROE) early presale investor s are already in green. Uniswap spot volume rising Uniswap is popular and is among several projects that are setting the pace in decentralized finance (defi).  UNI prices have been under pressure, especially in the second half of August 2023. Since Aug. 17, prices are down by over 27%.  Even so, the platform’s spot volume exceeded Coinbase’s at some point, suggesting that many investor s prefer the decentralized exchange (DEX). You might also like: Uniswap leaps over Coinbase in daily trading volume amid meme coin mania In an Aug. 25 report by Bitwise, Uniswap processed around $110 billion in trades in Q2 2023 compared to Coinbase...

SVB collapse chilled NFT trading volumes: DappRadar

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Only 11,440 NFT traders were active on March 11 which was the lowest figure recorded since November 2021. Nonfungible token (NFT) trading volumes took a massive beating following the collapse of Silicon Valley Bank (SVB) last week as traders fled the markets fearing the repercussions of a major United States bank going under. According to a March 16 report from data aggregation platform DappRadar, NFT trading volumes were hovering between $68 million to $74 million in the lead-up to SVB’s collapse on March 10, then fell to $36 million on March 12. The dip was accompanied by a 27.9% drop in daily NFT sales count between March 9 to March 11. NFT trading volume and sales count on all networks between March 1-13. Source: DappRadar 11,440 NFT traders were “active” on March 11 also, the lowest figure recorded since November 2021 according to DappRadar. The report explained the depeg of USD Coin (USDC) which hit as low as $0.88 moved trader attention away from the NFT market: As a result “NF...