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The broader crypto market is performing much better than it was in the last few months. Yet, a closely followed crypto strategist and analyst have a bearish approach towards the whole crypto market.
THORChain [RUNE], Lido Finance [LDO], and Synthetix [SNX] were the top performers on 3 August as the DeFi ecosystem steered the crypto market back to greens. While others also recovered, the revival of these DeFi tokens was superior.
Bitcoin price started a fresh increase above the USD 23,200 resistance zone and is currently (11:20 UTC) trading near USD 23,400. BTC is up 2% in a day and 10% in a week.
Amid mixed market moves, DeFi tokens Lido and Synthetix have both posted hefty gains over the past 24 hours.
The recovering market has been benevolent for many altcoins such as Synthetix, more so than others. In fact, in addition to this, their use cases have grown as well.
Crypto Space is undergoing a roller coaster ride as most of the assets are currently hovering within an upper consolidation. The asset which maintained a notable upswing a couple of days before now appears to have exhausted to some extent. On the other hand, the popular DeFi token Yearn.
The crypto market continued its rise today as well, bringing the total value of all cryptocurrencies climbed back to $1.04 trillion.
Uniswap (UNI/USD), THORChain (RUNE/USD), Synthetix Network (SNX/USD), and PancakeSwap (CAKE/USD) are some of the best DEX tokens to get at the end of July. On July 21, 2022, Uniswap welcomed their new VP of Product, Will Ruben, which showcases that their team is expanding rapidly.
The Synthetix SNX coin failed to maintain its upward rally, losing some traction and declining around the $2.85 level.
Gnox (GNOX) Gnox is the first protocol to offer yield farming as a service and will be launching on the BSC (Binance Smart Chain) in Q3 this year. Following a hugely successful second presale phase, which completely sold out, Gnox has begun its final presale stage.
There's still excitement about the crypto market today.
Synthetix (SNX/USD) has traded higher over the past 24 hours, with gains of over 16% seen in the price of the SNX token. Currently, the SNX/USD pair is changing hands around $3.26 (£2.71), up more than 23% on the weekly timeframe and positive for the month with nearly 5%.
The ever-evolving and high liquidity crypto market is home to a wide range of competent and promising projects.
The biggest Ethereum (ETH) whales in the world are eyeing up several altcoins within the decentralized finance (DeFi) sector as crypto markets turn green.
Lido DAO led the altcoins in keeping the losses under control, keeping the value of all cryptocurrencies from falling down.
The Merge could lower costs and make these tokens more valuable.
The total value of all cryptocurrencies improved in the last 23 hours, with the market cap rising to $864 billion at the time of writing.
Synthetix (SNX) Price Prediction – July 14There have been indications that the Synthetix market price may continue to trend higher against the valuation of the [...]
Synthetix (SNX) Price Prediction – July 12The Synthetix market price prepares a stance toward swing highs at a lower-trading spot found around a buying wall [...]
Bitcoin price settled below the USD 20,500 level, extended losses and tested the USD 19,500 support zone. BTC is currently (14:57 UTC) consolidating near USD 19,900 and is down almost 3% in a day and 2% in a week.
The crypto market lost over $31 billion during the trading hours as altcoins leaned into the bearish sentiment, leaving the market cap at $857 billion.
This article is all about the top 5 cryptocurrencies that displayed good performance in the last seven days. Let's take a look at it in more detail.
Crypto market up! Which crypto performed the best during the market rally?
While the crypto market has witnessed massive growth over the last few years, 2022 hasn't been so good. Digital assets are currently facing severe pressure, which has seen bitcoin, the largest virtual currency by market cap, lose more than 50%…
