Author: Yeek.io

Dogecoin price retreated for two consecutive days as sentiment in the crypto industry worsened. Dogecoin (DOGE), the largest meme coin in the cryptocurrency market, fell by 6% on January 8, reaching a low of $0.3415, its lowest level in almost a week. This decline occurred in a high-volume environment, with tokens worth $5.26 billion changing hands, up from Tuesday’s $3.3 billion. The surge in trading volume suggests that some investors have begun liquidating their positions. Dogecoin’s drop triggered a significant increase in liquidations. Bullish positions worth $20 million were liquidated on Tuesday, followed by nearly $15 million on Wednesday. These…

Table of Contents:  Introduction to Cryptocurrency  Crypto Exchanges and Wallets Investing in Cryptocurrencies Latest Crypto News and Trends Crypto Community and Culture Cryptocurrency has revolutionized the way we think about money, investment, and transactions.  It has taken the whole financial world by a huge storm. In this blog, we will dive into the world of crypto, from where it all started to recent trends. Whether you are a beginner or an experienced crypto enthusiast, this blog will help you get more details of the thrilling world of cryptocurrency! 1. Introduction to Cryptocurrency:  Picture Courtesy: india.com Cryptocurrency is a digital currency…

Polygon’s RSI has reached oversold levels after dropping to 23 amid intense selling pressure. 91% of Polygon wallet holders were in losses at press time, suggesting a bearish market sentiment.  Polygon [POL] is on a steep downtrend after dropping by 12% in 24 hours to trade at $0.457 at press time. Amid this drop, trading volumes spiked by 33% to $248M, per CoinMarketCap.  Polygon has been facing bearish pressure, as the price has declined by around 33% in the last 30 days. This performance has had a negative impact on wallet profitability, with the percentage of wallets that are in…

Phoenix Group, a crypto company based in the UAE, is pushing hard to get into the US market. In a recent news release, the company said that its newest 50MW Bitcoin mining facility in North Dakota was now fully operational. News sources say that this new mining plant can boost the company’s current hash rate by up to 2.7 exahashes. The new crypto mining center has cutting-edge technologies and a better layout to make it work better and faster. The North Dakota project is Phoenix Group’s second crypto-mining facility in the country. The group’s first was a 25MW crypto mining…

Improving Blockchain UsabilityBlockchain AI is helping to simplify the complex processes involved in interacting with decentralized systems. Many blockchain platforms still require users to deal with confusing interfaces or technical jargon. AI-driven tools can bridge this gap by creating smart assistants or chatbots that guide users step by step. These AI tools make decentralized applications feel as seamless as using traditional apps, which can drive greater adoption among everyday users.Developers are also using AI to predict system performance and adjust parameters to optimize blockchain ease of use. For example, AI algorithms can monitor transaction patterns and recommend the best time…

Special thanks to Vlad Zamfir for his work in developing many of the ideas behind prediction markets for content curation. For the past six years, people have been searching to try to find those elusive applications of blockchain technology that could finally break out into the mainstream. For cryptocurrency, the applications are largely already known – though it of course remains to be seen just how well it will be able to retain its advantages as traditional payment systems continue to become more efficient. But what about smart contracts and crypto 2.0? One route that we can take is to…

NFTs have been on a rollercoaster journey since their explosive rise in 2020-2021. These digital assets quickly captured mainstream attention, only to face sharp criticism and a market downturn in subsequent years.However, 2024 has brought signs of revival, with Pudgy Penguins standing out as a leading project in this resurgence. This NFT collection recently made headlines when its floor price surpassed the value of a single Bitcoin, showcasing the renewed interest in high-value digital collectibles.With Bitcoin reaching new all-time highs and institutional interest in blockchain technologies growing, the NFT space is finding opportunities to regain momentum. Source: Pudgy PenguinsPudgy Penguins…

US equity benchmarks were mixed on Wednesday as stronger than expected employment data raised concerns over future pace of rate cuts by the Federal Reserve. At the time of writing, the Dow Jones Industrial Average was down 0.3%, while the S&P 500 index was little changed from the previous close. The Nasdaq Composite was also flat at the time of writing.  Sentiments were hit after CNN reported that President-elect Donald Trump is considering declaring a national economic emergency to push through new tariffs. Stocks were coming off a losing session from Tuesday. The faster pace of growth in the US…

Crypto market data shop SoSoValue has raised $15 million in a Series A funding round, reaching a $200 million valuation ahead of a token and indices launch. ETF tracking platform SoSoValue plans to launch a crypto spot indices protocol and four wrapped tokens following a $15 million cash raise led by SmallSpark.ai and HongShan, previously known as Sequoia China. Called the SoSoValue Indices protocol, the crypto market data provider will allow investments through an ensemble of tokens issued on Base, an Ethereum scaling solution backed by crypto exchange titan Coinbase. The four wrapped tokens, including MAG7.SSI, MEME.SSI, DEFI.SSI, and USSI,…

HYPE is currently trading within a descending channel, with the potential to fall further depending on how it reacts at its current level. Key indicators and Total Value Locked (TVL) remain bearish. However, the RSI is gradually hinting that sell pressure may be easing. Hyperliquid [HYPE] ranks among the top losers in the market, dipping 16.57%, over the past 24 hours. This decline has reduced its monthly gains to 64.93%. The token’s movement at its current price level will determine whether it stages a significant rally or faces further losses as market sentiment weakens. Will HYPE yield positively from this…