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…
CEL
Celsius Network Burns Entire CEL Holdings: 94% of Total Supply Eliminated
Celsius Networks surprised the market by burning a significant portion of its CEL holdings, amounting to 652.2 million tokens, representing 94% of the previous supply. The token burn event sparked a marginal price increase for CEL, with its value rising from 13.0 to 14.13 cents shortly after the transaction. In a surprising move on Tuesday, April 30, Celsius Networks burned a huge majority of its CEL holdings, representing a huge majority of the CEL token supply. As per the data…
1 year ago
DeFi Gems to Keep an Eye on In 2023
Decentralized finance is one of the best financial disruptions of the 21st century. The nascent sector has attracted millions of investors, with the total value locked in the platforms at $41 billion. Moreover, it is one of the biggest beneficiaries of the recent Bitcoin and Ethereum price surges. Yield farming is a lucrative passive income-earning opportunity with more developments within the DeFi space. Consequently, both old and new platforms explore ways to boost their protocols and keep the investors' interest…
4 years ago