Strong fundamentals push Dent, Arweave (AR) and Enzyme (MLN) price higher
The growing need for data privacy and a renewed interest in the DeFi sector back the strong rallies seen in Dent, Arweave and Enzyme. According to a report by Coinshares, as of March 20, the weekly inflows into institutional crypto products has declined by about 59% when compared to the previous week. This suggests that institutional investors are taking a cautious approach after the recent bull run. However, that does not mean the institutional investors are dumping their holdings just yet. The report highlights that the total crypto investment products assets under management hit a new....
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Arweave, which rose by over 44% in the last week, was once again in the green, trading over 10% higher on Monday. This comes as monero slipped in today’s session.
Biggest gainers
Following a bearish January, crypto markets began to rebound within the last week, with arweave being one of the biggest gainers in that period.
To start the week, AR/USD is currently trading 10.32% higher, hitting an intraday peak of $39.81 in the process.
This comes as the decentralized storage network rose by 44% in the last 7-days, as it continues to move towards the....
Bitcoin price is still fighting to break back above $60,000 per coin, but things could push higher according to miner behavior. After dumping more than a half a million BTC on the market during the bull rally, and barely being able to make a dent in terms of price decline, miners might have finally given in and started holding their coins for the sudden surge ahead. Miners Dump More Than Half A Million BTC Since […]
ArDrive lets users pay a fee once, depending on the price of Arweave tokens, and have their files live forever on the web.
A rapidly growing ecosystem and recent Coinbase listings helped SOL and MLN bounce back from recent lows while the wider market trades sideways. Significant price corrections like the one see in May inflict widespread pain for a majority of market participants and can be a death sentence for struggling projects as token holders capitulate and dump their holdings for any price offered. While these periods are useful to help shakeout the weak hands and weed out unnecessary projects, they also offer strong performers the opportunity to stand out from the crowd and attract the attention of....
Bitcoin price meanders near its low, apparently acquainting itself with long-term support. Chart technicals to one side today, as we consider the question “Do fundamentals drive price?” Today’s article considers the bitcoin price chart in context of similar speculative markets. The discussion focusses on the notion of fundamentals. The term fundamentals is used in its broadest sense, and not in the strict investment definition that refers to company balance sheets, work in progress, and so on. Although there are parallels between the bitcoin price market and other commodity markets, as....