Author: Yeek.io

Cryptocurrencies are gaining traction across Africa, providing innovative solutions to persistent financial issues like inflation, currency devaluation, and limited banking access. Between July 2023 and June 2024, Sub-Saharan Africa received an estimated $125 billion in on-chain crypto value, showcasing the region’s active engagement with digital assets. Africa also leads globally in the use of DeFi platforms, as people seek accessible and efficient financial tools to manage finances, save, and invest. Among African nations, Nigeria stands out as a key player in the crypto space, but other countries, such as Ethiopia, Kenya, and South Africa, are also making significant strides. This…

Whale netflows surge by 16% Over the past week, Shiba Inu’s large holders’ netflows recorded a 16% hike, as per data from IntoTheBlock. This metric tracks the balance between the coins flowing into and out of wallets that hold over 0.1% of SHIB’s circulating supply, primarily whale addresses. Source: IntoTheBlock The chart highlighted significant net inflows early in the week, with these whale investors actively accumulating SHIB. However, a sharp decline in netflows towards the end of the week coincided with a gradual recovery in SHIB’s price. The consistent accumulation by large holders is a bullish indicator, often signifying confidence…

SUI surged by by 17.85% to hit a new all-time high of $5.03 The altcoin’s market cap crossed the $15 billion-mark, with the crypto now ranked 12th Over the last 24 hours, SUI has outperformed a majority of the crypto market. In fact, the cryptocurrency surged from a low of $4.2 to hit a new all-time high of $5.03. At the time of writing, the altcoin was trading at $5.01 following a hike of almost 18%.  Needless to say, this had a corresponding positive impact on the altcoin’s market cap and trading volume too, with the former climbing by over…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A rising Solana token shows explosive growth potential, poised to overtake WIF by 2025, capturing investors’ attention. A new token on the Solana blockchain is gaining momentum. Once overlooked, it now shows signs of explosive growth. Analysts suggest it could overtake WIF by 2025. This unexpected contender is catching the attention of investors and enthusiasts alike. The article delves into the factors fueling its rise and what this means for the crypto landscape. Catzilla unleashed: The feline frenzy crypto…

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital…

Thanks to all the developers and team leads who contributed to the sections on their projects In the last month and a half, the Ethereum network went through a rapid growth in usage, to the point that it now processes as many transactions per second as Bitcoin. To accommodate the increased load, which has on a few occasions reached the network’s full capacity for hours at a time, the community independently came together and miners voted to increase the gas limit to 6.7 million. We at the Foundation have been rapidly putting additional resources toward increasing the efficiency of the…

Key Insights Cloud mining is now accessible to everyone, regardless of skill or experience level. DDB Miner stands out among similar cloud mining choices by allowing users to rent mining power and mine cryptos from home. The platform offers top-notch accessibility, 24/7 security, easy registration, lucrative offers, and much more. Take charge of your finances today by visiting the DDB Miner official website. Financial independence is a lot more attainable, especially in today’s digital era. Platforms like DDB Miner now allow users to earn impressive passive income through cloud mining.  Here are some of the basics of cloud mining and…

Aave remained in a tight range on Saturday, but a combination of strong technicals and soaring deposits means that it could rebound soon. Aave (AAVE), originally known as ETHLend up until September 2020, was trading at $353 at last check Saturday. It remains 370% above its 2024 lows.  Source: CoinGecko Data shows that the total value locked in its network soared to a record high of 6.12 million ETH, or $5.12 billion. Another figure by TokenTerminal shows that the ecosystem’s net deposits are at a record high of $36 billion. That’s higher than the $10 billion in deposits it had…

Ai16z, the viral Solana meme coin focused on artificial intelligence, suffered a harsh reversal and moved into a local bear market. This decline is mostly due to profit-taking, as the token was up by over 20,500% from its lowest level in November. Its market capitalization peaked at $2.3 billion earlier this week. Ai16z (AI16z) dropped to a low of $2 on Saturday, Jan. 4, down by over 21% from this month’s high of $2.50. Nansen data shows that the number of smart money holders has fallen from 118 in November to just 80 on Saturday. Their combined holdings have fallen…

Ethereum rebounded and reclaimed a previous support of $3.5k on the charts Will positive seasonality trends in January extend ETH’s recovery?  Ethereum [ETH] rallied by 4% on Friday and in doing so, reclaimed its December range-lows – A move that signaled a potential extended recovery on the charts.  Interestingly though, the king altcoin saw its mindshare drop to a 12-month low during the most-recent holiday sell-offs.  Source: Kaito Over the same period, it declined from over $4k but entered a narrow consolidation above $3,300 in late December. Hence, the question – Will the recovery extend itself after the altcoin reclaimed…