93% of the top 250 coins declined in price in September
The DeFi hype faded in September, dragging prices with it. Over the last few months, DeFi protocols including Yearn.Finance, Compound, Synthetix, and Chainlink have seen their token prices go through the roof, sparking talk that the long-awaited bull market might be here. The DeFi boom is built on Ethereum and propelled ETH’s price rise from $100 in March to $470 in August.However, the DeFi euphoria has been fading in recent weeks, and there is bearishness in the rest of the market too. For the past two weeks, ETH price has been hovering at around $350.And according to CoinMetrics, 72% of....
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After enduring a tumultuous cooling period in August, Darkcoin's prospects were beginning to look up. Kristov Atlas' review of Darkcoin's source code was mostly positive, and developer Evan Duffield announced Darkcoin would soon become open-source. Moreover, the Darkcoin price increased during the first half of September. After declining a bit from its mid-month highs, the Darkcoin price rallied before Darkcoin's open-source release. However, the Darkcoin price has declined since the actual release. Nevertheless, Darkcoin investors should not panic-sell yet. Darkcoin Price in Decline after....
Following the crash to $35k, the Bitcoin open interest has declined to September 2021 levels. This may suggest that the market volatility will be lesser in the near future. Bitcoin Open Interest Drops To Similar Levels As In September 2021 As pointed out by an analyst in a CryptoQuant post, the BTC open interest has decreased to similar levels as last September following the crash. The “open interest” is an indicator that measures the total amount of Bitcoin futures contracts currently open in the derivatives market. The metric accounts for both long and short positions. When....
Litecoin developer Charlie Lee shocked many community members last month when he said “Litecoin does not need development right now.” Rather, he said, the coin needed users, liquidity, and merchant acceptance to succeed in the long term. However, the coin has struggled to achieve any of those aspirations, and the bitcoin price decline has weakened faith in the cryptocurrency industry as a whole. Consequently, investors have begun losing faith in altcoins, and in turn the litecoin price is bottoming out. The litecoin price declined consistently throughout 2014 and has continued to fall....
After exploding onto the scene during the first quarter of 2014, the Blackcoin price has declined consistently. However, on September 10 the Blackcoin price increased by as much as 18% at its peak (although it declined briefly by the end of the day). Nevertheless, Blackcoin sustained a price increase of more than 10% over the course of 24 hours. CCN examines the 24-hour Blackcoin price increase so investors can decide whether or not it is the beginning of a longer trend. Blackcoin Price Climbs Out of the Red. 24-hour price Blackcoin price chart from CoinGecko. When it first burst onto the....
Quant (QNT), a top 100 cryptocurrency on CoinMarketCap, has marked positive moves in the last few weeks. This is coming when major coins are facing dumps due to bearish market conditions. The token has stayed green for 4 weeks, gaining over 47.37% since its $95.1 price on September 1st. The price action has been driven by strong volume and trading activity. Despite its market cap still down 2.98%, QNT has performed well against other coins with similar market caps. Related Reading: Bitcoin Bullish Signal: Exchange Outflows Spike Up Quant Take Back Nearly 50% From The Market In 4 Weeks The....