Author: Yeek.io

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting…

XRP seemed to have a short-term bearish outlook after the rejection at $3.2 A retest of $2.95 can be anticipated, but a bullish reversal could ensue from the range lows XRP formed a range between $2.95 and $3.23, with the mid-range level at $3.1. The XRP Ledger’s upgrade of the AMMClawback amendment for better regulatory compliance for AMM pools was a piece of good news for the network. Now, while the token struggled on the price front, the buyers can be expected to defend the $2.9-$2.95 demand zone. In fact, in a recent analysis, AMBCrypto noted that the $3.2-level posed a…

In an exciting development, the race for the Dogecoin ETF in the US is gaining serious momentum as prominent asset manager Grayscale has now joined the fray. Grayscale Seeks To Convert Dogecoin Trust To ETF On Friday, Grayscale announced the launch of a new Dogecoin Trust aimed at granting investors exposure to the DOGE cryptocurrency. However, several hours later, the asset manager filed a form 19-4b with the SEC through the New York Stock Exchange (NYSE) to list and trade shares of this Trust ultimately converting to an ETF. For context, a trust is a private investment vehicle, shares of which…

Este artículo también está disponible en español. After expanding by nearly $40B since Donald Trump’s victory in the US election, the stablecoin market has now soared past the $200B mark as far as market capitalization is concerned. One of the biggest reasons behind this terrific growth has been the increased use of bots, especially on Solana. It’s worth noting that stablecoins are an integral part of the crypto economy, seeing as they simplify switching between different crypto assets. A growth in stablecoin’s liquidity means more and more people are being onboarded in the crypto industry, which is a hugely positive…

APR and APY might look quite similar, but they measure different things. Knowing what they mean can help you make better financial choices, especially in the context of cryptocurrency. What is APR? APR, or Annual Percentage Rate, is the amount it costs to borrow money over a year. In crypto, it’s commonly used for loans or staking rewards. It’s just the interest rate alone, but it doesn’t factor compounding into APR. For instance, if you borrow a crypto loan of $1,000 with a 10% APR, you will have to pay $100 in interest after one year. That is without additional…

Flayer and NFTX are experiencing a remarkable surge in price as both meme coins are up over 234% at last check Saturday. NFTX, the decentralized protocol aiming to create liquidity for non-fungible tokens (NFTs), has drawn attention across the crypto and NFT spaces. And while not much is known about Flayer, we do know that today marks the first that the coin is listed on LBank, a global cryptocurrency exchange. Flay At the time of writing, Flayer (FLAY) was up about 240%. Source: CoinGecko FLAY supports protocols built by Flayer Labs, a technology company that specializes in blockchain, decentralized finance…

Floki , a meme coin inspired by Elon Musk’s pet dog “Floki,” retreated sharply in January and formed a death cross pattern, risking more downside in February. Floki (FLOKI) dropped to a low of $0.0001135 in January, its lowest level since August last year. It was down by over 53% from its highest level in November. Floki’s decline was in line with the performance of other meme coins like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe (PEPE). The crash also occurred in a month when Floki incinerated more than 5.8 trillion coins. In the last three months, it has burned…

Ethereum’s increasing buying volume may signal accumulation and a potential price surge Historical trends suggest rising buying volumes during price declines lead to significant recoveries Ethereum’s [ETH] price may be on a downtrend, but the rising buying volumes might be telling us a different story. As market activity increases despite the price drop, it mirrors patterns seen before significant price surges, such as the May 2024 spike. Historically, higher buying volumes during a price decline often point to accumulation, hinting that investors could be gearing up for a potential breakout. Could this be the calm before a surge for Ethereum?…

Bitcoin has been the blue-eyed boy for crypto investors, making millions during its rise. While some investors adopt the ‘buy and forget’ approach, it might not be ideal for the average trader. Taking out occasional profits becomes essential to invest in better opportunities to pay your bills. However, in a rally that never seems to stop, it can be hard to time your exit perfectly. Here are some tools that can help you plan your exits better. The Active Address Sentiment Indicator (AASI) maps the relationship between Bitcoin price and network activity. It measures the deviation between the two metrics,…

Este artículo también está disponible en español. For the past few months, stablecoins have yielded the spotlight to their more speculative counterparts, including tokens inspired by politicians. However, recent on-chain data suggests that stablecoins are back and have surpassed the $200 billion market cap. Related Reading According to the data shared by Alphractal, the segment’s capitalization has surged to $211 billion, a record high, thanks to months of stable growth, which started in mid-2023. Stablecoins‘ market capitalization grew by 73% from its August 2023 value of $121 billion, updated data released on January 31st show. The primary driver of this…