Latest Market News
Even though Dogecoin remains the undisputed king of meme coins, we've been able to hear a lot lately about another Shiba Inu dog-inspired meme token that claims to be "The Dogecoin killer" – Shiba Inu (SHIB).
The cryptocurrency market continued to show weakness in the last 24 hours, as the total crypto market cap fell by over 20% and slipped below the $2 trillion mark.
The world’s largest stablecoin USDT will be launching on the Avalanche blockchain platform.
Polkadot is moving closer towards supporting parachains, and the parachain functionality is already live on its sister blockchain Kusama. Parachains are customized blockchains that connect to Polkadot and can interoperate with other parachains.
Aave is gearing up to start a fresh new bullish run upward as the bulls set new ATH prices again today at $670. The cryptocurrency had surged higher in February to spike above $600 but, since then, the market has been pretty lackluster.
Ethereum saw a sharp 11% fall over the past week but managed to find strong support at $3,270 (.5 Fib Retracement) during the Bitcoin price drops yesterday. The cryptocurrency had set a new ATH price around $4,373 last week and started to roll over from there and head lower.
Ethereum co-founder Vitalik Buterin burned 90% of his SHIB holdings, and says he will donate the remaining 10% to a charity. The face value of the burned tokens was $6.7 billion, and represented around 41% of the total SHIB supply.
Yesterday, Elon Musk made several tweets that were critical of both Bitcoin and some of its prominent community members.
Bitcoin is down by a total of around 23% over the past week of trading as it creates a fresh low beneath the April lows - putting the market in a short-term bearish trend. The price drop has put pressure on the entire market as each coin starts to fall by varying degrees. Nevertheless, the bull run is still at the front of everybody’s mind, and this severe price drop might still provide valuable entry positions for those willing to load up.
Rafflection is a revolutionary DeFi protocol with a new incentive mechanism, reward process, and liquidity injection. The protocol is built on the Binance Smart Chain (BSC) and acts as a static yield farming system. All tokens on the Rafflection ecosystem are created through an automatic liquidity generating process.
