Stablecoin Liquidity Displays Clear Uptrend — When Will Bitcoin Price Follow?
The sluggish price action of Bitcoin has been the common feature through the first two weeks of November. Having lost its $100,000 support, all eyes are on the flagship cryptocurrency as it hovers around yet another of its key price levels — that is, $95,000. As the Bitcoin price, however, struggles to regain bullish momentum, […]
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Data shows stablecoin market cap expansion has slowed to just $1.1 billion recently, signaling weakening liquidity for Bitcoin and other coins. Stablecoin Market Cap Growth Is Significantly Down Compared To Earlier Highs According to data from on-chain analytics firm CryptoQuant, stablecoin growth has been cooling recently. “Stablecoins” refer to cryptocurrencies that have their price tied […]
Concentrated liquidity has become the latest trend in the DeFi world with several projects shifting to the new liquidity model on various blockchains. Decentralized exchange (DEX) protocols have become a key part of the decentralized finance (DeFi) ecosystem where liquidity and liquidity providers play a pivotal role in keeping the vastly growing space moving.While DEX protocols have seen billions in daily trading volume, the liquidity market is making a gradual shift from traditional liquidity methods toward concentrated liquidity. Earlier liquidity was distributed uniformly along the....
PRESS RELEASE. xSigma, a decentralized exchange for stablecoin swaps, has successfully launched on the Ethereum network on February 24, 2021. The integrated DEX and liquidity mining platform xSigma, which is backed by a NASDAQ-listed company, has seen great interest in its stablecoin liquidity pools which enable assets to be swapped seamlessly and with minimal slippage. Within the xSigma ecosystem, liquidity providers (LPs) earn SIG tokens, with a 2x bonus to bootstrap liquidity in place for the next fortnight. SIG is the platform’s native utility token with built-in voting and....
Even as incentives continue to dry up on UniSwap, TVL across the board seems to have remained steady. Just a few months ago, the global finance sector witnessed the meteoric rise of yield farming, which in large part helped to spur the growth of the decentralized finance domain. During Q3 2020 alone, the DeFi market ushered in significant growth for many stablecoins compatible with Ethereum (ETH), such as MakerDAO’s Dai.According to information released by crypto market data aggregator Messari, the overall supply of the Dai stablecoin increased by a mammoth 623% during Q3, propelling the....
According to an analyst, Bitcoin sits in a liquidity set-up that has shown up before big rallies. Prices are not shooting higher yet. At press time Bitcoin trades around $104,500, down 0.5% over the past day. Related Reading: XRP’s Next ‘Face-Melting’ Rally Could Hit Within 6 Weeks—Analyst Traders watched a decline of about 1.8% earlier that pushed the price near $103,400 and it briefly touched $102,850 during the move. Stablecoin Signal Points Toward Accumulation CryptoQuant analyst Moreno points to the Stablecoin Supply Ratio, or SSR, as the first clear indicator. The SSR compares....