NFT volume has more than tripled — even amid price crash — as Meme.com raises...
The NFT sector has seen exponential growth, tripling in transactions since January and pushing through the market crash this month. The popularity of non-fungible tokens, or NFTs, shows little sign of slowing down, despite the extraordinary marketwide crash that wiped more than $1 trillion off the crypto market cap.According to a report by decentralized app marketplace DappRadar, the average number of NFT sales rose almost 300%, from 21,815 per day in January, to 82,373 in May (so far). This number rose even higher as crypto prices started to plummet on May 12, with sales surging to almost....
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The performance of the top meme coins in the space has mostly mirrored the broader market crash triggered by Bitcoin’s decline toward the $25,000 level. However, while all of these digital assets have suffered losses during this time, some have held up better than others, leading to fewer losses on their part compared to their competitors. Baby Doge Coin (BABYDOGE) Leads Meme Coins This meme coin has surprisingly seen the best performance following the crash compared to its counterparts. While most top meme tokens have recorded double-digit losses, Baby Doge Coin (BABYDOGE) managed to....
Crypto analyst Crypto Paradise has warned that a Dogecoin trap is on the horizon, with the meme coin likely to suffer a crash soon. He pointed to a bearish pattern that signaled DOGE could drop to around $0.08 despite its recent reclaim of the $0.10 level. Analyst Warns Of Dogecoin Trap With A Crash Imminent In a TradingView analysis, Crypto Paradise predicted a potential sharp downside move for Dogecoin, although he noted that some market participants may just call it a healthy pullback. He revealed that the meme coin had formed a classic Volume Spread Analysis pattern, which began with....
During the first quarter, Coinbase’s active users increased by 120% while trade volumes tripled. The first quarter revenue of leading U.S.-based crypto exchange, Coinbase, more than tripled its Q4 2020 performance.According to documents filed with the U.S. Securities and Exchange Commission, Coinbase generated earnings of $3.05 per share and total revenues of $1.8 billion. However, the firm fell slightly short of its expected $3.07 per share.By contrast, the company generated $585 million in revenue amid Bitcoin’s rally into new all-time highs during the fourth quarter of 2020, and just....
Amid the market crash, the Solana price has taken a major hit, falling more than 56% from its $294 all-time high recorded back in January. Despite multiple attempts at recovery, each bounce has been sold off quickly, and the result has been steeper declines, ultimately affecting the broader Solana meme coin landscape. Even now, with […]
Crypto analyst Trader Tardigrade has provided insights into the current Dogecoin price action. The analyst revealed that Dogecoin is currently stuck in a range amid the recent crypto market crash and suggested what could happen if the foremost meme coin breaks out of this range. Dogecoin Price Stuck In A Range, What Could Happen Next? […]