Zombies not welcome: Original altcoins lose ground to DeFi newcomers
As DeFi takes over the cryptosphere, will the zombie projects remain dead after the great repricing? Data by crypto analytics firm Messari shows that many of the projects once favored by the market are still far from their all-time high. Matt Casto, an analyst at CMT Digital, tweeted a compilation of 410 crypto assets that hit their all-time high in 2017 or later, which showed an average loss of 65.71% for all the projects combined.Out of the 410 assets analyzed, 157 hit their all-time high in 2018, having lost since then an average of 90.71% in value. A further 67 assets hit their....
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Yearn.finance’s YFI governance token’s price has been stagnant as of late, hovering within the lower-$20,000 region without being able to gain any serious momentum. This comes as the entire DeFi space generally sits within a consolidation phase. Investors’ attention is concentrated on Bitcoin as most altcoins – including Ethereum – stagnate and lose ground against […]
The DeFi boom and an explosion of ROI across altcoins helped bring bullish sentiment back to crypto, and it helped push Bitcoin above $10,000 and hold the key level for the longest stretch ever. But while altcoins had regained some lost ground against the most dominant cryptocurrency, BTC dominance has potentially reversed, and if closes […]
Litecoin is the biggest Altcoin. Even if they do not accurately understand how it works, most people are at least somewhat familiar with Bitcoin. However, once they begin to get involved with cryptocurrency, they may be surprised to learn that there are actually hundreds of types of cryptocurrencies known as altcoins. Altcoins are an intriguing facet of the cryptocurrency landscape, but they are not for everyone. Altcoin newcomers often have many questions, and this guide will provide a brief overview of altcoins to help beginners decide whether or not to invest in them as part of their....
Ah, Christmas — A time for joy! Merriment! And devouring the brains of the living with an insatiable bloodlust... because let's face it, this is 2020. Darren Kleine, known to most by his handle DKleine, is an NFT artist with a decidedly specific niche — Zombies. We’re talking crypto zombies, political zombies, mustachioed Salvador Dali zombies. Zombies of all shapes, sizes, and orientations! If it’s green, dismembered, and loves the savory taste of a good brain, it’s ripe for tokenization (and charity) so far as Mr. Kleine is concerned.What started as a quasi-political statement just a few....
Ethereum has been seriously underperforming Bitcoin over the past few weeks, which comes as most altcoins lose significant value against BTC ETH has seen a few sharp rises that have helped it to buck this trend and gain some ground against BTC However, it has still been generally unable to keep up with Bitcoin’s massive momentum This trend may not last for long, however, as one analyst is now pointing to a few factors that […]