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MFI Price:
All Time High:
Market Cap:
$123.9 K

Circulating Supply:
Total Supply:
Max Supply:


The price of #MFI today is $0.018 USD.

The lowest MFI price for this period was $0, the highest was $0.018, and the current live price for one MFI coin is $0.01757.

The all-time high MFI coin price was $3.85.

Use our custom price calculator to see the hypothetical price of MFI with market cap of BTC or other crypto coins.


The code for Marginswap crypto currency is #MFI.

Marginswap is 2.6 years old.


The current market capitalization for Marginswap is $123,924.

Marginswap is ranking downwards to #1402 out of all coins, by market cap (and other factors).


The trading volume is very weak today for #MFI.

Today's 24-hour trading volume across all exchanges for Marginswap is $96.00.


The circulating supply of MFI is 7,052,148 coins, which is 71% of the maximum coin supply.

Note the limited supply of Marginswap coins which adds to rarity of this cryptocurrency and increases perceived market value.


MFI is a token on the Ethereum blockchain, and has digital contracts with 1 other blockchain.

See list of the MFI Blockchain contracts with 2 different blockchains.


MFI is available on at least one crypto currency exchange.

View #MFI trading pairs and crypto exchanges that currently support #MFI purchase.


Note that there are multiple coins that share the code #MFI, and you can view them on our MFI disambiguation page.



Marginswap $300k Lending and Trading Incentive on Avalanche

Marginswap has been experiencing increased demand for lending from traders on the platform. With less than 500.000 in TVL on Avalanche, assets like PNG and USDT.e have experienced interest rate swing of up to 260%. In order to turbocharge the next stage of growth on Avalanche, Marginswap will be distributing a total of 200.000 MFI, currently valued at $330.000 to lenders and margin traders. — Reward for Lenders. — Lenders for the token PNG, AVAX, USDT, and WETH will accrue MFI rewards, payable when a withdrawal of any amount of lending for the particular token is made. — Lending Incentives is scheduled to begin at 15:00 UTC on the 28th of Aug.. — — Reward for Traders. — Traders pay a total of 0.4% for trades made on the margin side of the platform. 0.3% to AMM liquidity providers and 0.1% to Marginswap. Traders will be able to claim up to a total of 110% on the 0.1% fee paid to Marginswap. The total fees paid by traders will be calculated 2x a month, after which the MFI reward can be claimed. — PS:. — Our lending contract has been switched to support the distribution of MFI to lenders! So please migrate to the new platform. Read more hereAbout Marginswap Marginswap is a decentralized trading protocol that natively supports spot and cross margin swapping of assets on AMMs like Uniswap, SushiSwap, and Pangolin. Using Marginswap, you can trade a wide variety of tokens, much ...

Polygon Support, Staking, and More

We want to use this medium to share an updated roadmap that leads us up to the point of on-chain Governance.From now to Governance — Polygon Support and Incentivising lending. — We are looking forward to supporting Polygon, an EVM compatible chain with a lot of liquidity on the chain’s Sushiswap and native exchange Quickswap. Combined, both DEXes command a total of over $2 Billion worth of liquidity. Marginswap will be live on Polygon on the 9th of June with margin trading support for $ETH $WBTC $DAI $USDC $MATIC $USDT $WBTC $LINK $AAVE About a week after deployment on Polygon, $MFI incentives will be activated for lenders of crypto assets. — Staking and v1.0 on Ethereum. — We are finally at the point where we can safely move the platform from the Beta to v1.0! So, the 23rd of June will mark v1.0 and the beginning of staking for $MFI holders. Since our Certik audit and Code423n4 competitive audit, the Marginswap protocol has undergone rigorous testing and usage by beta users and we successfully pushed fixes for issues reported by users. — What’s next…. — After v1.0 is live, BSC support and on-chain governance will be the priority. More info will be released in the future. Have fun using Marginswap! Website Twitter: Discord Telegram Polygon Support, Staking, and More was o...

Borrow from Marginswap and add Liquidity on Pangolin

Marginswap is a decentralized trading platform that currently supportsBorrowingLendingMargin trading The Avalanche and Pangolin community can now farm even more $PNG simply by borrowing assets (undercollateralized loans) from Marginswap and then supplying liquidity on Pangolin. Marginswap currently supports AVAX, PNG, ETH, USDT, and WBTC. So before taking a loan to add liquidity and farm $PNG, it is essential to check which pools on Pangolin have the highest APY (click here). At the point of writing, the APY on AVAX-PNG is one of the highest at 110% and by using Snowball for auto-compounding, you can get this rate as high as 200%. Borrowing on Marginswap Borrowing an asset on Marginswap is easy. Click on “Margin Account” on the application, deposit the crypto asset you would like to use as collateral, click on borrow and then withdraw the borrowed assets from your margin account.Deposit, borrow, and withdraw When deciding how much to borrow, there are two vital pieces of information to take into account that is the “Interest Rate (APR)” and “Margin Risk Level.” Please note that marginswap only lets you withdraw up to 66% of your collateral.Borrowing crypto assets on marginswap In the example above we deposited 1 eth (2770$), borrowed 300 $PNG + 30 $WAVAX. — What next?. — After withdrawing the tokens borrowed on marginswap, all that is left to do is heading over to Pangolin to add liquidity and stak...

Permissionless Isolate Margin

Margin trading is commonly offered in one of two different flavors: isolated or cross margin. Marginswap launched with a cross margin system, which means that the health of a margin trader’s portfolio is calculated jointly, such that gains in one asset can balance out potential losses in another. This approach can save users time, sometimes gas, and headache around rebalancing their portfolio. — What Isolated margin means for Marginswap. — Marginswap is a decentralized exchange much like Uniswap, so we believe that users should be able to choose between a more tightly integrated system for lower-risk assets and an open playing field for trading and lending a wider variety of crypto assets for short and long trades. Users should be able to choose between saving gas on rebalancing by going cross margin vs. saving gas on every individual swap by using isolated pairs with cheaper liquidity checks and higher leverage. Also, with isolated margin, we can open up the system to a much wider range of tokens because lenders decide to take on the risk and the reward of one specific token pair; this interestingly insulates the community as a whole from any of the risks that are associated with cross margin. — How cross margin works. — Tokens are selected based on liquidity on Uniswap and SushiswapLenders supply bonds denominated in any of these tokens using the bond lending pageTraders deposit funds in any of t...

Marginswap Welcomes John Jordan as Frontend and Web3 Development Lead

The Marginswap dev team is pleased to announce the hiring of John Jordan as the protocol’s UI and Web3 Development Lead. Marginswap, an advanced on-chain spot and margin trading protocol for crypto assets, allows traders to trade a wide variety of assets with up to 5x leverage. The new addition to the team John Jordan is a Web3 engineer with a wealth of experience in technical leadership positions. John led the development of a donation app for Mastercard and you can check out the app here. He has also worked at Origin Protocol, leading the development of a calendar-based scheduling system that powered various fractional usage listing types for the blockchain-based marketplace. Prior to Joining Marginswap, John has worked with Disney Streaming Services for four years. During this tenure, he has proposed, prototyped, and worked on a patent for a system that used machine learning and a neural network to identify and track animated characters in a video stream, providing an interactive UI overlay for the video player. We believe John will make a fantastic, lodestar addition to our team. His clear-eyed honesty and depth of knowledge in making user experiences that delight is just what we need as we embark on building the Marginswap permissionless isolated margin trading protocol. Website Twitter: Discord Telegram

The Journey to Beta Land

Hi, this is Gabe, your Marginswap tech lead! Checking in about the roll-out of our beta: You may have noticed we are currently behind relative to our announced timeline. I’m sorry that we were off in our estimation, and we’re all working hard to make it right. In the lead-up to our launch, I focused heavily on the smart contract side of things — building a full feature set and putting it through our two audits, with some (upcoming) extras thrown in the mix (isolated margin, overcollateralized loans…). While focusing on the contracts, I managed the UI development with a light touch. Mid last week, after our second audit, we finally came to focus entirely on our user interface, which you’ll hopefully soon be delighted to use! It turns out we weren’t as far as I thought, and I really should have been on top of things! I sprang into action once I realized that we were behind. Ever since I took full charge of the UI process, we have been working a lot… I recently had a 25-hour workday! Nevertheless, our announced dates have slipped by, and we still have a number of user experience issues to fix. It just takes however long it takes to write the software. So here comes my ask: We do need to sleep at night, so if you like, please bear with us until the end of next week while we work on the UI. We have our contracts deployed, and you can inspect them on etherscan. We have funds sitting in the contracts. If you want...

MFI distribution plan and liquidity mining event

The Marginswap token distribution is designed from the get-go to drive adoption of the marginswap protocol. That is why the remaining MFI tokens will be distributed to users and early adopters of Marginswap. — Distribution of protocol incentive tokens: 2,500,0000. — Tokens will be distributed starting at 4000 MFI daily, with a 0.1% daily contraction. These tokens will be distributed for 981 days, starting from 04.03.2021( 4 March 2021) with the last distribution happening on 9.11.2023. At that point, the protocol won’t have to incentivize trading and bond lending. Though in case any new forms of incentives should be needed, the treasury will be more than capable to fund it.Protocol incentive distribution curve — The daily distribution will happen in 2 stages:. — Before Beta: Before Beta, Uniswap liquidity providers for the MFI-USDC pair will receive all the daily token distribution. More info as well as the staking contract will be shared in another post. After Beta: After the beta launch MFI will be distributed as follows:Uniswap liquidity mining 20%Bond lending 40%Margin swaps 30%MFI Staking 10% — Distribution of marketing, bounty, treasury: 1,000,000. — 200,000 of these tokens will be unlocked on 04/04/2021 and the rest of the tokens will be sent to a new vesting contract from which 100,000 MFI will be released every 60 days. A good number of the 1,000,000 MFI will be reserved ...

AMA: Read to learn more about Marginswap

Photo by Matt Walsh on Unsplash Q: Is Marginswap built on top of the Uniswap and Sushiswap system or a completely new DEX? A: We are a DEX but source liquidity from Sushi and Uniswap. In the future, we hope to be connected to 1inch, curve and many more AMM Q: So, margin trading, a beloved feature in the world of crypto, yet it’s relatively difficult for new traders, can you explain how margin trading works for the people unaware of it? A: Let’s assume you have 1 BTC, margin gives you the power to trade up to for example 5 BTC. In essence margin trading can give a tiny fish the power of a whale and that is the beauty of leverage. It gives you the potential to exponentially increase your PNL from a trade/swap, all the while only risking a tiny % of your funds Q: The MFI token is part of the Marginswap ecosystem, but what role does it have in this system? Is it used as a utility token? Transaction token? Or maybe a staking token? A: The token powers the protocol, it drives adoption in every way possible. 1. It is a reward token (think fee distribution, incentives, etc) 2. Governance: After the launch of v1.0 only token holders can decide which token to activate cross margin for and initiate upgrades. 3. A collateral asset: when the token has over 10m$ in Uniswap liquidity, it can also be used as collateral to trade other assets on the protocol. 4. The token is needed in order to call liquidation on underwater trades. So...

Marginswap — Trade the hottest tokens on margin

Marginswap — Trade the hottest tokens on margin Although 2020 was not a great year overall, there is one thing we all were happy about — The rise of the crypto bull market. Bitcoin crossed its 2017 ATH in November 2020 and has remained over $20,000. Crypto’s total market cap has now crossed one trillion for the first time ever. Also, most of the crypto market experts believe that this rally will continue for the rest of 2021. These market conditions have amplified the scope of crypto exchanges as the number of people who want to get involved in the cryptocurrency market is increasing exponentially. These exchanges do a great job in serving their users as the crypto market inherently comes with many complexities such as market illiquidity and price volatility. About Marginswap Marginswap is a new age decentralized exchange (DEX) built on the back of DeFi giants; Uniswap and Sushiswap. Users of Marginswap get to trade some of the most popular crypto tokens in the market with ease. The best part about trading with Marginswap is the leverage it offers its users on these tokens. For instance, tokens like Bond or MTA as of right now cannot be traded on margin on any typical closed-system exchange, largely due to liquidity constraints. But Marginswap would be listing these assets already with the release of the beta platform, safely, by using the liquidity of existing decentralized exchanges. Our goal is to improve t...

Introducing the token that will power Marginswap Protocol

Introducing the token that will power the Marginswap Protocol Over the past few years, many projects have come forth to offer decentralized margin trading exchanges. Yet all of these projects have faced the same issues: Liquidity, security, dangerously high slippage, and lack of token options, which are all extremely important factors to any trader who fears liquidations due to market volatility, security exploits, and slippage. What if you could harness all the best parts of the biggest decentralized exchanges AND leverage trade on them? That is why we are building Marginswap. A decentralized margin and spot trading platform built on the back of DeFi Giants like Uniswap and Sushiswap. By using Marginswap and the Marginswap protocol token, users will be able to margin trade with up to 5x leverage using the most popular DeFi exchanges available. The Marginswap token will offer an array of exciting functions to benefit all users of the platform: Governance: Like all great DeFi projects, token holders will decide the future of Marginswap through a DAO. Community members can vote on fee distribution, buybacks, addition and removal of margin assets, and much more. The possibilities are endless. We believe the community knows best and so it is the community of token holders who decide. Margin trading and collateral assets: To a reasonable safe margin on any crypto-asset trading on any of the DEXs we support, the individual tokens w...


Rising Star Hedera (HBAR) And Its 11% Climb – A Closer Look

    Hedera (HBAR), currently ranked as the 31st cryptocurrency asset in terms of market capitalization, has recently witnessed a remarkable surge in its price, captivating the attention of investors and enthusiasts alike.  A surge in an asset's social engagement often serves as a precursor to a rally in its price. In the case of HBAR, this correlation seems to be playing out vividly. As the cryptocurrency landscape continues to evolve, HBAR's notable growth over the past few weeks has raised eyebrows and prompted discussions about its potential. Surge In Social Activity Sparks Price Rally Speculation In the ever-dynamic world of cryptocurrencies, there exists a symbiotic relationship between social activity and price movements.  With its current price listed at $0.058907 according to CoinGecko, the cryptocurrency experienced a slight 5.5% decline over a 24-hour period. However, what has truly caught the attention of market observers is its impressive seven-day surge of 11.8%. These figures, though significant, only hint at the larger story unfolding around HBAR. Keep a close eye on @hedera's social engagement. Here's what we are noticing...#Hedera's social activity has been soaring with 30.68M engagements (+243.9%) over the past week. The social engagement metric measures community participation in social posts, measured by likes,… — LunarCrush (@LunarCrush) August 8, 2023 Lunar Crush, a platform that monitors social media activ... read More

Dogecoin Price Prospects: Can The Memecoin Climb To The $0.1 Level?

    Dogecoin (DOGE) has been witnessing a notable recovery in recent days, and technical analysis suggests that an ascending trendline is providing significant support to this upward movement.  An ascending trendline represents a price chart that connects a series of higher lows over time. It acts as a visual guide to tracking the price movements of an asset, indicating a bullish sentiment in the market.  As of the latest data from CoinGecko, Dogecoin price stands at $0.079, experiencing a minor 24-hour slump of 0.9%. However, it has still managed an impressive seven-day rally of 7.2%, hinting at the potential for further gains. Understanding DOGE’s Ascending Trendline An ascending trendline is essential for traders and analysts as it helps them visualize an asset's market sentiment and potential price levels. When the asset price approaches the ascending trendline, it indicates a likely level of support, and if the price breaks above the trendline, it suggests an uptrend resumption. With sustained buying pressure, DOGE buyers have the potential to re-challenge the last swing high at $0.083. A bullish breakout for DOGE above this resistance level would hint at the resumption of the uptrend, potentially pushing the meme-inspired cryptocurrency's market value higher by 21.7% to reach $0.095. Positive Indicators On Dogecoin Daily Chart Meanwhile, several indicators signal bullish momentum, as a recent price analysis notes. The Exponential Mov... read More

Dogecoin Breaking Past This Key Barrier Could Spell 10% Spike For DOGE

    Dogecoin (DOGE) is one of the meme coins that is often underestimated, primarily because of its extremely high volatility and low utility value. DOGE has trimmed off 8% of its value Dogecoin bulls aim to trigger price rally DOGE among most searched crypto DOGE has sloughed roughly 8% off the coin’s value in the last week, which plunged from $0.07751 to $0.06932. On the brighter side, bulls could trigger a price rally towards $0.07752. According to data by Coingecko, DOGE price has nosedived by 0.5% in the last 24 hours, and trading at $0.0706 as of this writing. DOGE To Breach Below Key Support Level DOGE is seen to breach below the key support line of $0.07109, which presents a buying opportunity with the discounted price.  The key support line has been retested several times from November to December. However, can key support hold it enough to roll out a price rally? If this price can attract more buyers, then this could precipitate a price rally. During the following few trading days, the bulls may also attempt to break past the current barrier located at $0.07749, before they could gain 10%. DOGE is seen to have intensified further in terms of developmental activity, which also influenced the price increase but has dwindled in terms of investor interest. Despite DOGE being dubbed an underdog, the coin has outpaced other crypto assets in the market. In terms of price movement, Dogecoin is among the best performing memecoins in the 2022 bear market. DOGE&rsq... read More

Ethereum Addresses Holding 32 ETH Or More On The Rise, This On-Chain Dat...

    As the bear market continues, Ethereum - the second-biggest cryptocurrency - continues to struggle. If you look at the data from CoinGecko, the most notable positive change is 4.1% on the bi-weekly timescale. The red flashing of the longer time scales, however, indicates that ETH has been declining in value since the FTX collapse, and this fact overshadows the shorter time scales. The upswing was triggered by a sudden increase in demand for prime real estate The descending triangle, a confirmation of a rally, is formed in part by accumulation blocks To push prices higher, ETH buyers need to break over the $1,306.66 barrier However, a number of indicators are suddenly showing optimistic signs. With the price of ether at $1,283 right now, recent headlines have reported a sharp increase in the number of holders with 32 ETH or more, or around $40,000. Unfortunately, the number of functioning addresses on the blockchain did not expand in tandem with the number of addresses holding significant amounts of cryptocurrency. Chart: TradingView Possibly Creating A Rally? Contrary to the rise, CryptoQuant reports that the number of active addresses fell on December 7th. Another bullish indicator is the sharp drop in foreign-exchange reserves that has coincided with the rise in the number of high-value addresses. ETH created two bullish order blocks before the increase in high-value addresses. The price of ETH increased by 14.33% and 12.94% during the first and second bullish blocks, r... read More

Solana Price Falls Below $14 – Does This Signal A Gloomy Week...

    In the previous month, Solana (SOL) has failed to make progress as the token fell victim to the market contagion brought about by the collapse of crypto exchange FTX. As of this writing, all time horizon indicators for Solana's native token SOL are red. Since succumbing to market contagion, Solana has continued to bleed Using bearish metrics and technical indicators, we may anticipate a more negative outlook. The token and ecosystem of SOL are not looking good according to other indicators. As per LunarCrush's data, both social media mentions and engagements are declining. Messari adds that the asset's unappealing volatility and low returns make it less attractive to investors and traders. What will happen to SOL now that its price has dropped below $14? Will it pull out of the dark or sink much lower? Solana Price Trajectory: Below Its Target The coin has been trading around $13.5314, well below the bullish aim of $14 and $15. Recent weeks have seen SOL bulls aiming for this level. It all starts on November 15 when bulls attempt to reach $15 but fail. After these attempts, the price fell below $14, where it has remained ever since. Due to bearish technical indicators, it is unlikely that SOL will surpass the $14 or $15 barrier level. On a timescale of four hours, the token's RSI values are neutral and declining. The bearishness of SOL is further corroborated by its MFI, which is likewise declining. Although the token's Bollinger band is rather wide, the moving average of i... read More

LUNA: Are Updates On Terra Insufficient For A Complete Tu...

    There is a group called the Terra Rebels whose goal is to restore the natural environment of Terra Classic. On Twitter, a member by the name of Architect123 recently updated the community on the most recent developments in the ecosystem. Let's take a quick glance at some recent developments: Recent statistics suggest that an increase in dApp development activity can be attributed to changes made available to developers Metrics and technicals continue to act as a brake on price #LUNC #LUNCCcommunity $LUNC #flutter The new alpha package for TerraDart is now ready! Use this package to communicate with LUNC Blockchain for Flutter or Dart Environments. — TheArchitect123 | CC & CCI (@AlphaGenius1237) December 5, 2022 The tweet implies that the TerraDart alpha package will make it possible for dApps to interact with the LUNC blockchain from within a Flutter or Dart environment. The software development kit would help make developing dApps on-chain to be more streamlined. Data from Santiment shows that because of this recent change, LUNA's on-chain development activity has increased dramatically. Metrics and technological details, however, hint to a bleak future for the ecosystem. LUNA Falls Due To Bearish Technicals The current price of one coin is $1.5807. Pearson's R for the regression channel is 0.6221, which indicates strong bearishness despite the price being at a green candle. This portends a probable decline in price. Nonetheless, a posi... read More

Up Or Down? What To Expect From Solana (SOL) In The Homestretch Of 2022

    Solana is among the hardest hit by the demise of FTX, as the two companies have collaborated to establish Serum, a decentralized derivatives market. This led to Solana being closely associated with the Sam Bankman-Fried crypto exchange, with more than $900 million worth of SOL being held by FTX. Let's have a quick overview: The company's fundamentals are strong, therefore it should be able to start making money again soon. Constant pressure from technicals and bearish market circumstances keeps the price low. Metrics, though, suggest SOL is making progress in its recovery from the catastrophe. Founder and CEO of the IBC Group Mario Nawfal has stated that the token's fundamentals are 'strong,' noting the token's development growth, a healthy NFT marketspace, and a relatively high daily transaction volume compared to other L1 chains as evidence. With SOL registering an increase in the weekly and bi-weekly timescales, is the token really recovering? SOL's Fortunes Have Yet To Improve Despite Nawfal's assertions, the data shows that token and ecosystem indicators are not looking well. Messari data indicates that the asset's volatility is at an all-time high of 2.00, suggesting that the asset is more likely to move during this period, whether bullish or bearish. Sharpe's ratio, which currently stands at -3.73, indicates a pessimistic near-term outlook. This indicates that SOL's returns in relation to its volatility are close to or equal to zero. With a rising triangle, SOL techn... read More

Hedera (HBAR) Continues To Consolidate Near Its Lowest Level This 2022

    Hedera (HBAR), the native and energy-efficient cryptocurrency of an open source public distributed ledger bearing the same name, started the year on a high note, peaking at $0.3282 on January 5. But the crypto asset failed to keep up its momentum and gradually declined over time until it fell below the $0.10 marker on May 13 when it bottomed at $0.0870. HBAR continues to struggle in reclaiming the $0.10 territory Hedera technical indicators currently show no signs of an immediate reversal The crypto asset increased its market cap by $400 million in just 24 hours Since then, the altcoin struggled to climb back up and its woes were compounded by the negative effects of the collapse of the FTX cryptocurrency exchange platform. On November 10, Hedera recorded its 2022 low when it changed hands at $0.0439 and is not showing any signs of initiating a bullish run anytime soon. Its relevant technical indicators are also nothing to be excited about as they are not indicating an upward push that may happen over the next few days or weeks. Not Much To Look Forward To For Hedera? According to latest tracking from Coingecko, at the time of this writing, HBAR is trading at $0.0482 and is dangerously close to the lowest level it has been this year. The crypto has lost 2.7% of its value during the previous seven days and its bi-weekly gains only stand at 3.3%, although it managed to increase its market capitalization by $40 million over the last 24 hours and now has $1.20 billion in overal... read More

LINK Price Keeps Steady With 7% Surge In Last 7 Days, But Things Might C...

    LINK, within the last 30 days, has already visited the $5 region twice, changing hands at $5.96 at one point in November 10 and going to as low as $5.69 on November 21. Since then, the Chainlink network crypto asset has managed to recapture the $6 and $7 territories and is doing a great job at sustaining the latter. Chainlink experienced a price correction that dissolved its 7% weekly gains LINK is still in the midst of a price pump of more than 20% during the past two weeks Chainlink network now has 20 successful integrations In fact, according to tracking from Coingecko, at the time of this writing, the digital asset trades at $7.29 – a value that is 30% more than its currently monthly low. Earlier Tuesday, the altcoin was sporting a weekly gain of 7%. However, as it entered a minor correction phase, the increase was trimmed to just almost 1%. The crypto declined by 2.8% during the last 24 hours but is still sitting on a 24% price pump over the last two weeks. Although things might be looking a little bit good for Chainlink, investors and holders need to keep an eye on its whales as their market participation could easily pull the asset down once again. A Quick Glance At Chainlink Metrics It appears now that LINK holders have nothing to worry about especially that the asset’s Relative Strength Index (RSI) is still hovering above the 50-neutral zone. However, the crypto’s Money Flow Index (MFI) has now settled in an overbought region after tremendous sel... read More

TRON Ecosystem To Undergo Changes – A Bane Or Boon To TRX Price?

    As the newest committee proposal nears completion, Tron will undergo dramatic changes. An update tweet states that the fee cap for smart contracts will be raised from 10,000 to 15,000 TRX coins. The developers believe this would mitigate the risk connected with smart contracts by reducing the number of low-value smart contracts created on the ecosystem. At the same time, it will greatly increase the #TRX staking rate and burning volume, further expand the #TRX deflation rate to 3.17%, and the annual burning volume of #TRX on the #TRON network will reach 5 billion. For more analysis, please refer to: — TRON DAO (@trondao) December 4, 2022 Let's take a quick look at TRX's performance: Improvements to the Tron ecosystem have boosted investor confidence. The indicators point to the formation of a robust uptrend. Price could rise to $0.05560 or higher on a rebound from the current level of $0.05274. As the burn rate of TRX increases with the increase in fee limit, the deflection in the ecosystem would also grow, from -1.39% to -3.17%. According to the developer's Medium post, a rise in fee limitations would also impact the staking rate. In aggregate, the shifts herald the beginning of bullishness in TRX, however CoinGecko reports a 1.1% decline in the daily timeframe price of TRX. Will these changes influence the price of TRX? What The Coming Days May Bring For Tron There is an indication that TRX is beginning to rebound from the market downtu... read More

AVAX Rumbles 15% In Last 7 Days – But A Trend Reversal Might Occur...

    Avalanche, earlier today, was boasting a seven-day increase of 15% in AVAX price, being among those few crypto assets that tallied double-digit gains in that particular department. The cryptocurrency, however, seemed to have entered a price correction phase, losing 5.1% of its value over the last 24 hours. AVAX lost some of its weekly gains which is now at 8.5% Various technical indicators suggest the crypto asset is in an overbought position A decline all the way to the $12 territory remains a big possibility within the next few days At the time of this writing, according to data from Coingecko, the altcoin is trading at $13.53. Although it experienced a decline, it is still sitting on weekly uptick of 8.5%. Moreover, during the past two weeks, the altcoin has managed to go up by 14.1%. Although Avalanche performed relatively well last week, traders and investors might have to brace themselves as some of its technical indicators point at a potential bearish momentum during the next few days. Metrics Show Possible Roadblocks For AVAX  At the moment, it would appear that bears are currently in control with the digital asset’s price trajectory, evidenced by its 20-day Exponential Moving Average (EMA) was settling just below the 55-day EMA. Moreover, although the Moving Average Convergence Divergence (MACD) is displaying a bullish crossover right now, AVAX’s Money Flow Index (MFI) was driven into the overbought territory, indicating that there is a high chan... read More

Bitcoin Price Soars 5% In Last 7 Days – More Increases Coming This...

    In recent days, Bitcoin has shown a good degree of bullishness. CoinGecko reports that Bitcoin's price has increased on a daily and biweekly basis, suggesting that the market may be recovering from FTX's fall. Investors at large were also optimistic. The BTC bottom is still in effect, presenting excellent chances for long-term investment. There was little gains with hash ribbon despite the occurrence of a golden cross (chart below), as the price remained unchanged. Also, there is a 50/50 chance of a decline in the market to at least $16.950. Dan Lim, an analyst at CryptoQuant, has made some recent comments that could signal the beginning of a bull market. First, he pointed out that Bitcoin's MVRV value is extremely low, almost identical to previous market bottoms. Next, the price of hash has not increased since the golden cross was supposed to be achieved, hence the hash ribbon has failed. Is BTC's price about to stage a comeback? If not, is there more suffering in store? Bitcoin Price: Inconsistent Numbers The price of bitcoin (BTC) is now displaying highly inconsistent trends. As the RSI rises on the daily time frame, it appears to keep its strong bearish momentum. The expanding Bollinger band supports the bullish outlook for the future. But the current BTC price candle, which is presently trading at $17,315.01, has met a resistance that has not been breached since the price fall on November 11. In addition, a rising triangle pattern contributes to a fairly restricted... read More

Bitcoin Could Usher In December Near $18,000 If It Moves Past This Resis...

    Bitcoin's price increases have brought some sunshine to the cryptocurrency sector. Each of CoinGecko's three timeframes—daily, weekly, and biweekly—showed BTC in a positive light. This is fantastic news for the cryptocurrency market as a whole, as BTC is the dominant currency in the sector. Here's a quick glance at how Bitcoin is performing of late: Optimistic market movement and surprising investor buying The technical indicators reveal a range of possible outcomes, some bullish and some bearish, but bears are still there There will be no significant price hike this next week. Next year could see a break of the $17,500 barrier It is clear to some that Bitcoin is growing in popularity, as today's transaction volume reached as much as $7.12 billion. Forecast: Bitcoin At $18,000 The $17,000 mark has been mentioned as a key level by several credible Twitter analysts. Recently, Michael Poppe has presented a study predicting that Bitcoin will hit or soar to over $18,000. And yet, is it possible that Bitcoin might reach these heights by December? As they say, anything can happen in crypto. The leading cryptocurrency's relative strength index (RSI) is in the overbought upper half, suggesting a possible pullback. So far, so good on #Bitcoin. Would be nice to hold the previous level of resistance for support (around $16.6K) and then continue towards $18.3K for a good run. — Michaël van de Poppe (@CryptoMichNL) November 30, 2022 The... read More

BCH Price: Investors May Not Want To Go Long Yet On BCH – Here's W...

    BCH (Bitcoin Cash) saw its chance to recover as the crypto market's capitalization still hasn't made that much recovery. After stalling for a few candles at or near its pre-FTX collapse price level, the Bitcoin hard fork continued its descent. CoinGecko reports that Bitcoin Cash has greens on the weekly and biweekly timelines, but reds on the daily and monthly charts. Here's a quick glance at BCH movement: When dealing with BCH, caution is advised There are conflicting signs coming from bitcoin cash Bulls must keep an eye on the 50 Fib retracement line This may indicate that trading BCH in the long term is not a good idea. At least, not yet. The Bitcoin Correlation As was said, the correlation between Bitcoin and Bitcoin Cash was exceptionally high during the aforementioned market correction. Its pullback showed considerable significance as it fluctuated in the 0.90s. It's possible that BCH will experience more losses in the near and medium term as it breaches the rising triangle pattern. When this was written, the coin's value was trading at around the 50 percent Fibonacci retracement level. There are additional breaks in the lower part of the regression channel. It suggests the downward trend could be more pronounced than initially thought. Chart: TradingView Volatility is reflected in the Bollinger band's expansion, but it's also providing dynamic resistance. As the band widens, the orange middle band, currently at $112.7, acts as a downward pressure on the price. Firs... read More

Ethereum Tries To Keep Luster As ETH Moves To Narrower Trading Range

    Ethereum, the world's second biggest cryptocurrency, has continued its downward trajectory, passing through the $1,200 level. To date, the exchange rate has reached $1,170.49. Data from CoinGecko shows that the coin has been trading at a loss on a weekly basis. Here's a quick glance at how ETH has been performing: The price of ether is currently below the $1.2k range Investors are preparing to sell, as shown by the high exchange netflows If the bears manage to push beyond the $1,152 support level, the next important support is located at the $906 level After initially plunging as rumors of an impending FTX collapse hit the market, the price eventually settled into a sideways trend and has remained there since. However, the trading range for this sideways movement is beginning to contract. The formation of a relief rally is being jeopardized by the current trading range. More losses are on the way for the Ethereum market, therefore would-be buyers and sellers of ETH should proceed with caution. Ethereum Relief Rally In The Offing? As the Bollinger band constricts around the $1,199 price range, the chance of a relief rally increases. ETH has been trading between $1,306 and $1,092.85 as of this writing. As the Bollinger band shrank, so would this. In addition, CryptoQuant observes a high exchange netflow, which indicates an increase in exchange reserves. This signifies that traders and dealers are preparing to sell their ETH. The RSI statistics provide support for t... read More

Polkadot Soars 8% In Last 24 Hours Courtesy Of Its Dev't Activity, NFT E...

    With the use of relationships with parachains, Polkadot will be able to expand its ecosystem's capabilities and reach new heights. Moonbeam Network and its subsidiary, Moon River, have joined forces with Bifrost recently. There's hope for Polkadot, and here's a quick article at how the crypto has been faring: The DOT's price went up because of some major changes on the chain. However, according to the indicators, the negative outlook remains intact. Based on a recent tweet, the integrations have not only enabled liquid staking for GLMR and MOVR tokens, but they have also caused a dramatic increase in developer engagement within the ecosystem. This, as this tweet attests, is what propelled Polkadot into the ranks of the most active blockchains. We're happy to announce that $vGLMR & $vMOVR liquid staking is Live on Bifrost! Thanks to the @Polkadot #HRMP channel and the yield-bearing vToken derivatives, @MoonbeamNetwork & @MoonriverNW community can enjoy increased token liquidity and rewards: — Bifrost (@bifrost_finance) November 21, 2022 During this same time period, sales of NFTs grew, indicating progress for Polkadot in this arena as well. CoinMarketCap reports an 8 percent gain in the price of DOT in the last 24 hours as a result of these events. However, can DOT keep up this pace? Optimism Lingers For DOT While there is little doubt that ecosystem trends are encouraging, multiple signs suggest that investors may be getting carried away. We may... read More

World Cup 2022: Chiliz Slides 15% As Sports Spectacle Unfurls – Ca...

    The World Cup just kicked off and the native token of the sports-themed cryptocurrency ecosystem, Chiliz, has dropped 15% in value over the past 24 hours. This is not the kind of news traders and investors want to read about. The long-awaited World Cup clearly had no compensating effect on the prevailing economic conditions. Here's A Quick Rundown Of How CHZ Is Doing: - Readily available data indicates a strong bear market hindered CHZ’s rally - Near 1:1 ratio of long vs short positions shows cautious support for the token - Price continues to fall; bulls should defend at $0.1664 and $0.1554 The token's value has dropped significantly as of this writing. CoinGecko and CoinMarketCap report that CHZ has dropped another 9% since yesterday. The token is trading at a red candle price of $0.1780, which is also reflected in the charts. CHZ's rehabilitation may be more challenging now that the World Cup has become controversial over multiple issues. Chiliz May Come Up With A Surprise While CHZ is expected to rise, the token's value has declined after reaching a high on November 19. This was the day before the World Cup began. Nonetheless, CHZ may prove more resilient than market participants anticipate. First and foremost, CryptoQuant data indicates that the token's exchange reserves are low. This means that fewer CHZ tokens are available on exchanges and are being prepared for sale on the market. According to CoinGlass statistics, this is accompanied by an almost 1:1 r... read More

Chainlink Rally In Social Activity Hits ATH Of 44,173 – Will LINK ...

    There has been an expected uptick in the Chainlink protocol's optimism recently. This is due to the fact that the BUILD program is a part of Chainlink's next protocol upgrade, Chainlink Economics 2.0. The initial 10 BUILD program projects were announced on Chainlink's official Twitter account. This clearly increased the amount of online discussion on the project. Chainlink's native token LINK's social activity has increased from 35,540 yesterday to 44,173, and it's likely to continue rising in the days ahead. Give a welcome to the first 10 #Chainlink BUILD projects:@SpaceandTimeDB@truflation@bitsCrunch@KryptonProtocol@InterestDeFi@Galaxisxyz@mycelium_xyz@Dolomite_io@caskprotocol@chainml_ Building the future of Web3? Take your dApp to the next level: — Chainlink (@chainlink) November 18, 2022 Connecting the Dots Unfortunately, the price of LINK has not reflected the company's strong social performance. CoinGecko statistics shows that LINK is still giving off critical sell signals. The token's current price of $5.70 doesn't help, either. According to data compiled by CryptoQuant, however, the amount of tokens held in exchange have substantially dwindled during the past several days. Oversold RSI and Stoch RSI readings, together with other positive indicators, point to a likely trend reversal in the next several days. As the situation improves, the commodities channel index is also rising, indicating a likely i... read More

Chainlink (LINK) Performs Well Amidst Market Uncertainty

    November is starting to be an uncertain month for the crypto market. However, Chainlink (LINK) seems to be bullish as it has kept substantial gains from last week. The altcoin also performed well earlier today, establishing a local high of $7.96. Chainlink’s price started a bullish trend after testing and confirming support at the $6.50 level. The price feed oracle token suffered a devastating October reversal, wiping away all of its September gains. However, it was able to recover around 6% before the month ended. LINK is trading at a 1.49% gain as of writing. Its daily candle is also green and might just touch its local high before the end of today. The DeFi Derivatives Market Has A New Oracle Solution from Chainlink As the DeFi (decentralized finance) sector expands, Chainlink has responded by developing 'ultra-low latency pull-based price oracles. The solution focuses on allowing and safeguarding this enormous on-chain market.' It forecasts that the DeFi derivatives market will expand more in the years to come. Therefore this growth will dramatically alter the way dApps create value. According to a related blog post, “We anticipate that a testable version of this new pull-based Chainlink oracle solution will be ready by the end of the year.” Over the years, Chainlink has been the de facto standard for receiving oracle-based price feeds. The protocol's solutions are widely used by the crypto industry, particularly by smart contract infrastructures. Chain... read More

Tron Development Activity Grows In The Last 7 Days – Except TRX Pr...

    Tron (TRX) welcomed the second week of this month with the news of its coin becoming a legal tender in the Commonwealth of Dominica announced by no less than its blockchain founder, Justin Sun. Technical indicators for TRON are confusing as of this time TRX could surge all the way to $0.0678 after 30 days Tron network’s development activity surges over the last few days With the development, the crypto, along with other Tron minted coins such as BTT, JST, NFT, USDD, USDT and TUSD, can now be used as medium of exchange within the island nation. Meanwhile, just last September, Sun shared on Twitter that since October 28, 2021, the total number of burned TRX tokens reached 11 billion, dropping the asset’s supply to 71.6 billion. The 15th largest cryptocurrency in terms of market capitalization also recently racked up another achievement, placing 3rd on the list of the most influential BTTs over the last 30 days. BTTs are TRC-20 utility tokens used for powering various features of different decentralized applications and programs. But even with all of these accomplishments, TRX failed to make any significant rally to push its prices to higher levels. TRX Price Still Unable To Take Off At press time, according to data from Coingecko, TRON is trading at $0.0623 and although it is up by 2.2% over the last seven days and by 4.3% for the past 30 days. As for what lies ahead for TRX, technical indicators are confusing right now, as some of them point towards a bullish r... read More

Reasons why XRP's 14% uptick could turn into a full-fledged bull run

    Ripple [XRP] is finally regaining its affinity for the upside after about three weeks of weak price action. The cryptocurrency slipped out of its short-term ascending channel after a bearish performance at the end of August. XRP’s bullish performance in the last three days has pushed it back to the previous range. But the question remains — can it sustain the current momentum? XRP pulled off a 14% uptick from its $0.31 weekly low to its current 24-hour high of $0.36. It is now trading above the same line that previously acted as support. XRP previously demonstrated bullish weakness in the last 10 days of August before capitulating and forming the next support level at $0.31. XRP’s upside in the last 24 hours was capped after coming into contact with the 50-day Moving Average (MA). Its previous attempt to cross back above the 50-day MA was thwarted, leading to more price weakness. XRP has already given up some of its gains after experiencing an increase in sell pressure. The similarities between the two instances highlights the potential for a bearish retracement. On the other hand, XRP’s Relative Strength Index (RSI) indicates a stronger momentum at its current price level. Its Money Flow Index (MFI) also underscores more accumulation compared to its end of August performance. This outcome may support more upside. XRP whales and short-term profits On-chain metrics reveal an increase in which activity in the last three days. The whale transaction c... read More

Algorand (ALGO) Posts Double-Digit Price Drops In Last 30 Days

    Algorand native token, ALGO, has dropped 17% since the start of this month and has now joined the group of cryptocurrencies whose prices have tumbled by double digits this month. Algorand sheds 91.30% from ATH of $3.28 ALGO price now trading at $0.2985 MFI at 17 reaches oversold zone Away by 91.30% from its record high of $3.28, ALGO is the 30th-ranked cryptocurrency with the greatest market capitalization.  ALGO Price Loses 0.81% Of Value According to CoinMarketCap, ALGO price has dipped by 0.81% or trading at $0.2953 as of this writing. Contrary to popular belief, the Algorand chain experienced some ecosystem growth in the previous month despite a month-long reduction in the value of its coin. On Monday, Algorand's price increased by more than 5% and closed the day's candle at +$0.0156. The levels visible on the ALGO/USD 1D chart are crucial for short-term bullish traders. Since they successfully held the $0.28 barrier, bullish ALGO traders' overhead goals are $0.3409, $0.3803, $0.4199, $0.4709, and $0.5799. The traders that have been in charge of this market over the past week are bearish Alogrand traders, who are at odds with the bulls. In order to breach the bottom of its current range at $0.2556, bearish ALGO traders want to drive the price of the algorithm below $0.27. .com ALGO's average price over the previous 30 days was $0.33, showing a -10.79% value drop. Algorand's price [+5.52%] completed its daily candle on Monday at $0.298 and is back in the green. On... read More

Bitcoin Cash Loses 10% In Last 24 Hours, Despite 40% Hike In Trading Vol...

    Bitcoin Cash had shed 24% of its value in the previous 12 days. Leading coins like Bitcoin (BTC) and Ethereum (ETH) have also experienced double-digit losses over the past 26 days as a result of the broader market slump.         BCH support present at $113.2         Bitcoin Cash key resistance spotted at $117.44         BCH price currently trades at $115.65 Bitcoin Cash has already shed 10% of its value in the last 24 hours. This, despite enjoying 40% increase In trading volume in the last 30 days. Since the start of the month, the total market capitalization of cryptocurrencies has decreased by nearly 5%. The broader market slump has had an effect on Bitcoin Cash (BTC), which has a strong positive correlation with BTC. More so, BCH increased by 40% in value over the past 30 days, trading at $145.92 as of August 15. The assessments of BCH's price changes on a daily chart also did not provide optimistic information. Investors have steadily dropped their BCH holdings since August 19. Meanwhile, Relative Strength Index (RSI), Money Flow Index (MFI), and Chaikin Monkey Flow (CMF) were all pushed below their respective neutral zones by the increase in coin distribution. Bitcoin Cash Price Trading At $115.65 According to CoinMarketCap, Bitcoin Cash price is trading at $115.65 or up by 0.05% as of press time. The RSI was seen at 40 as per the time of writing. The coin had an MFI of 39 and a CMF of -0.20. The buy... read More

Elrond Network Watch: Consider This Before Filling Up Your Wallet With E...

    EGLD, Elrond Network’s native coin, was able to break free from a falling wedge pattern during an uptrend seen on August 20. According to CoinMarketCap, EGLD is up by 0.77% or trading at $53.58 as of this writing. It can be remembered that EGLD had a stirring bull run last month that has propelled the coin to a spike of 16%. However, since then, the coin has had a massive double-digit decline this August. EGLD apparently treads the same direction with major crypto Bitcoin that has experienced the extreme downswing that affected the crypto market this month. An extrication spotted at a falling wedge usually ticks a spike in price. However, is this surefire sign to go all-in for EGLD? EGLD Hints At Potential Downtrend On the daily graph, EGLD’s key indicator shows that the trading momentum is routed in such a way that dispels the belief of a potential bullish reversal. RSI for EGLD looks bleak as it is positioned at 39 or under the 50-neutral region. More so, the coin’s MFI is set at 35 hinting a downtrend. The CMF dynamic line is also at -0.09 or set under the central line (0.) which implies a disturbing plunge in terms of pressure on the price of EGLD. The downtrend is further validated by the coin’s MACD positioning which is composed mainly of red histogram bars. Since August 15, the MACD line is spotted crisscrossed with the trend line in a downturn. This strongly indicates the increase in EGLD selling pressure seen in the past couple of days. ... read More

Ripple whales would be responsible for XRP's next bull run and this is w...

    Sharing a statistically significant positive correlation with Bitcoin [BTC], the price of Ripple’s XRP has been impacted by the price decline suffered by the king coin in the past seven days. Exchanging hands at $0.3422 at press time, the price per XRP dropped by 12% within that period. So far this month, the token has declined by 14%. This comes after XRP’s price rallied by over 15% in July. XRP in the last 24 hours  Impacted by the series of liquidations that hit the cryptocurrency market, XRP has suffered $1,586,572 in liquidations in the last 24 hours. The fall in the price of the token led to a decline in its trading volume. Standing at 1.32 billion at press time, XRP’s trading volume declined by 19% in the past 24 hours. Source: Santiment On a daily chart, XRP had traded in a tight range since 31 July. Posting a double-digit decline during the intraday trading session of 19 August broke the tight range in a downtrend. With a decline in XRP accumulation in the last few days, its Relative Strength Index (RSI) breached the 50-neutral region in a downtrend to be pegged at 38 as of this writing. Also indicating a hike in selling pressure, the token’s Money Flow Index (MFI) was 39 at press time. Source: TradingView A tale of 20 days On-chain data revealed a decline in the token’s network activity since the beginning of August. The index for active addresses transacting XRP tokens daily has dropped by 31% in the past 20 d... read More

XRP Signals Considerable Uptick – Will Social Media Lift Its Price...

    XRP price has demonstrated a significant uptick that come with engaging social media tweets and discussing. Does this hint a potential bull run?         XRP price amplified by social media mentions during summer         Ripple now an official World Economic Forum partner           Crypto price bleeds by 10% in 24 hours Ripple Is Now The Official Partner Of WEF Now, Ripple is an official partner of the World Economic Forum as announced on their website which also adds another layer of credibility and trustworthiness to XRP. The WEF is a Switzerland-based international NGO established on January 24, 1971 and founded by Klaus Schwab, a German economist and engineer. On their partnership with Ripple, the WEF has announced, “Ripple is developing and enabling the future use cases that will catalyze the new digital economy for governments, businesses and consumers.” During summer, Ripple has also shown immense social media popularity and uptick in comments and engagements. Image: Finbold On several occasions, upticks in terms of social media interest brought about profitable opportunities for both stocks and crypto alike. However, despite Ripple’s intense popularity, XRP was not able to benefit from the overwhelming social media hype. On August 19, the crypto has had a 10% liquidation following a drop from the descending parallel channel. The bearish cross that move over both the 8-day an... read More

SHIB On Fire – And A Bull Run Could Be Around The Corner – H...

    Shiba Inu (SHIB) price has spiked by over 30%, signifying a bull run may not be far away. SHIB price surged by over 30% on August 14 Shiba Inu trading volume peaked to 700% yesterday; highest since April 12 SHIB registers extended period of MDIA which means traders must exercise caution SHIB price has peaked to as high as $0.00017, which is considerably the highest it has been since May 10. More so, trading volume has also climbed to 700% over the weekend which is the highest registered since April 12. Shiba Inu network registered a huge uptrend in whale transactions soaring to as much as $100,000 as seen in August trading session. Considerably, around 400 whale transactions were done catapulting to a record-breaking transactions amounting to more than $100,000 that SHIB was able to log in the past few months. SHIB Daily Chart Shows Premature Bull Run Judging by the movement of SHIB on the daily chart, it seems that the price spike seen over the weekend is a premature call for a bull run. With the MFI and RSI chartering the overbought zones, the MACD position isn’t showing any potential bull run. Apparently, there were no intersections seen between the trend lines and MACD that could hint a gigantic uptrend. According to CoinMarketCap, SHIB is up by 2.72% or trading at $0.00001619 as of this writing. Despite the coin soaring in value overnight, the MVRV for 1D is low at -7.498% which hints that only a few investors gained profit from the price rally yesterday. On the... read More

Sandbox (SAND) Having A Blast With 12% Spike In 24 Hours

    Sandbox (SAND) was one of the most active cryptocurrencies on Thursday, with values increasing by as much as 14 percent. After reaching a low of $1.13 on Wednesday, the SAND/USD pair reached a session high of $1.28 earlier today. The token reached its highest level since June 25 and drew closer to a crucial resistance level as a result. During the same timeframe, the market capitalization of the token increased by 15 percent. It was valued at $1.58 billion as of press time, according to data from Coingecko. Suggested Reading | ATOM Rises To Multi-Week High, Daily RSI Shows Bullish Pattern Major Indicators Showing Positive Values According to Santiment statistics, SAND's major indicators improved over the past day, with the exchange flow balance exhibiting a positive value of $1,411,000. In the previous 24 hours, significantly more SAND tokens were supplied to exchanges than were withdrawn. In such circumstances, a further price increase is anticipated. Based on the chart, this resistance is located at $1.35 and has not been breached since late May, when prices were trading near $1.50. To not only reach this ceiling, but perhaps surpass it, the 14-day relative strength index would need to surpass its own barrier. As of Thursday at midday, the SAND RSI is tracking at 57.50, which is just below the level of resistance at 58. Crypto total market cap at $901 billion on the daily chart | .com Coinbase Merge Pushes SAND Price Up This week's news t... read More

XRP: Analyzing what growth in active address could mean for long-term ho...

    Despite the uncertainty that plagues the future of XRP as a result of the legal tussle with the Securities and Exchange Commission (SEC), during intraday trading hours on 30 June, it performed better than most altcoins. While most altcoins recorded a decline in price during the trading session yesterday (30 June), the price of XRP lodged some gains. As per data from Santiment, on 27 June, the index for the unique addresses interacting on the network exceeded 200k for the first time since February 2020. While such an increment is usually indicative of a price rally, let’s take a closer look at the general performance of XRP in the last seven days. A ‘Ripple’ing decline Seven days ago, data from Santiment showed that the price of XRP was pegged at $0.37. However, exchanging hands at $0.3139  at the time of writing, the price of the coin declined by 16% in the last seven days. Similarly, within this window period, its market capitalization saw a drop from $17.63 billion to $15.17 billion. Source: Santiment Trading at its January 2021 levels, the XRP token has been steadily declining since May 2021. Marking an all-time high of $3.30 on 4 Jan 2018, the altcoin is 90.46% shy of touching that high once again. According to data from CoinMarketCap, in the last 24 hours, the price of XRP stood at a 4% loss. However, trading volume rallied by over 45%. The Relative Strength Index (RSI) at the time of writing was 37.96 indicating increased sel... read More

Solana-Based Defi Margin Trading Protocol Raises $3 Million in Seed Fund...

    On Wednesday, the team behind Solana-based decentralized finance (defi) margin protocol Marginfi, announced Mrgn Labs has raised $3 million in seed funding from investors. With the recently acquired funds, Marginfi aims to build the first cross-margining engine on the Solana blockchain.Mrgn Labs Gets $3 Million in Funding From Strategic Investors Mrgn Labs has revealed the company has raised $3 million from investors in order to bolster defi margin trading, according to a press release announcement on Wednesday. Mrgn Labs is the team behind the defi margin protocol called Marginfi, a protocol that allows traders to access margin in a decentralized fashion. Mrgn Labs disclosed that the funding round was co-led by Multicoin Capital and Pantera Capital. Furthermore, Solana Ventures and Sino Global Capital participated in the fundraising as well. 'In 2021, we saw an explosion of innovative financial products emerge across defi,' Edgar Pavlovsky, the founder of Mrgn Labs explained during the announcement. 'The problem is the trading experience is now extremely fragmented across different protocols, which destroys capital efficiency and prevents traders from combining their positions into one unified account. In 2022, we can finally break down these silos and make the entire ecosystem more composable,' Pavlovsky added. A few defi based margin trading decentralized exchange platforms already exist like, which allows people to swap tokens with up to 5x leverage. Me... read More

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