Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Projects
Harvest Finance (FARM) – The Young Farmer’s Gateway to DeFi
Harvest Finance is a DeFi protocol that aims to help yield farmers obtain the highest APY possible by doing nearly all the farming for them. The DeFi space is expanding like greased lightning and spewing new, leading-edge protocols every day. It isn't easy to keep pace with the progress, even for those in it since the early days of decentralized finance. So, it is understandable why newcomers are scratching their heads about yield farming, harvesting, gas costs, and APY tracking.…
5 years ago
SwapDEX – A DeFi Decentralized Exchange (DEX) Hybrid
SwapDEX is a next-gen DeFi and token exchange ecosystem. The platform is unique in the market due to its dual exchange approach and its wide selection of investor tools. The developers behind the SwapDEX concept managed to combine the best aspects from DEXs with the profitability of DeFi. Consequently, this network features various financial products to enable the trading of cryptocurrencies and ERC-20 tokens. Impressively, SwapDEX users get benefits from loans, interest, borrowing, staking, and leverage trading. Benefits of SwapDEX…
5 years ago
What is Wrapped Bitcoin (WBTC), and How Does it Work?
Bitcoin is the oldest and largest cryptocurrency on the market. It has colossal support from the entire crypto industry and several billion US dollars in liquidity reserves. Even those who are strangers to the world of digital assets know that Bitcoin is King. Nevertheless, for those who have a deep understanding of the Crypto Universe, Bitcoin is showing signs of lethargy regarding getting with the times. While the BTC token is still riding high and close to establishing a new…
5 years ago
A Guide to Ampleforth (AMPL) – The Non-Pegged Stable Cryptocurrency
Ampleforth is a digital asset protocol for smart commodity money that aims to provide a sustainable alternative to central bank currencies. Riding the ever-rising wave of DeFi, Ampleforth manages to stick out from the crowd by being a hybrid between stablecoins and automated market makers (AMM). Besides having a solid collaboration with Uniswap, Ampleforth also has the support of Coinbase and Huobi, among other giant players in the cryptocurrency industry. With short history and a potentially long existence ahead, Ampleforth…
5 years ago
A Guide to Flexa – From Flexacoin (FXC) to the Amp Token
The world of DeFi is quickly gaining ground on the traditional financial system. In a decade from now, we might be looking back at 2020 as the year when the revolution of decentralized finance enhanced our understanding and use of payment channels. One of the DeFi protocols that are spearheading this technological and economic advent is Flexa. The US-based project is one of the top-20 DeFi platforms at the moment and one of the promising bridges between cryptocurrencies and the…
5 years ago
Roobet: Introducing the First and Top Functional Cryptocurrency Casino
The Casino industry had a gross projected yield of 115 billion US dollars in 2016, and Statista projected that the value could rise to 130 billion USD in 2019. Therefore, the casino world contributes extensively to the global economy, attracting people from all classes and countries globally. Most of the existing casino platforms, both online and physical, face high cases of criminality and insecurity for gamblers. Such issues reduce the level of trust that gamblers have in the platforms globally.…
5 years ago
A Guide to OMG Network – A Silent DEX with World Domination Plans
The creator of Ethereum, Vitalik Buterin, is always on the lookout for reliable solutions to his brainchild blockchain's scalability problem. OMG Network is one of these promising projects that he has supported for years. After a long absence, many proclaimed it dead and buried. OMG Network resurfaced this year to release its mainnet and shine a light on its silent but encouraging development. Now, the project plans to become one of the most popular decentralized exchanges in the world. But…
5 years ago
Using the LCX DeFi Terminal – A Powerful Tool for Uniswap Traders
The LCX DeFi Terminal is now live for Uniswap users. This powerful new interface introduces Limit Orders for Uniswap via a market page with beautiful interactive trading charts and additional new functionalities desired by users. In this way, LCX transforms the DEX experience and removes any technical barriers for new traders. Setting Up LCX Smart DeFi Portal The setup for the LCX Smart DeFi portal is easy and fast. Best of all, you don't need any prior technical knowledge or…
5 years ago
A Guide to NEAR Protocol – A Rising Star among DApp Platforms
The already broad universe of blockchains is expanding at a rapid pace. Every year or so, we hear of a new, ambitious project ready to innovate and impress. Many do not live up to their expectations. Others, like NEAR Protocol, exceed them. With a development team brimming with talent and experience, and more than $60 million in funding, NEAR Protocol is one of the emerging stars in the blockchain space. What started as an open-source platform built to accelerate decentralized…
5 years ago