The decentralized finance (DeFi) ecosystem has reached a major milestone, with the total value locked (TVL) across all DeFi protocols globally crossing the $100 billion level for the first time since November 2021. According to data from DefiLlama on March 9th, 2024, the combined TVL stands at a staggering $100.1 billion. This revival in the DeFi space represents a significant comeback, though still below the all-time high of $189 billion achieved in late 2021. The surge in TVL is attributed to the surging interest in Bitcoin and overall crypto market optimism, with protocols like Lido, EigenLayer, and Aave leading the…
Author: Web3 Daily Press Staff
Polkadot and Chainlink have both seen positive returns over the last month. Polkadot, in particular, has seen strong gains, while Chainlink’s returns have been moderate at best. However, both projects have fallen short against KangaMoon, which recently hit a new all-time high. With experts now predicting returns of 220% during its presale, investors are buying KangaMoon over popular altcoins to boost their portfolios. Crypto Influencers Show Support For Polkadot Over the last week, several prominent cryptocurrency influencers have praised Polkadot for its future potential. Such influencers include Ash Crypto, who has posted about his bullish outlook on X. Ash highlighted…
Finding uncut gems with massive upward potential is the key if you want to have a chance to succeed in the cryptocurrency markets. But how are you going to find such tokens? Enter Cardano (ADA), Ripple (XRP), and Furrever Token (FURR) – a trio of tokens poised to revolutionize the market and deliver extraordinary returns for savvy investors. Despite their humble price tags under $1, each of these tokens boasts unique features and robust fundamentals that make them stand out in the crowded crypto landscape. As the crypto market continues to evolve and mature, these three tokens present an enticing…
Excitement is brewing in the cryptocurrency community as both Bitcoin BTCUSD and Bitcoin Cash BCH gear up for their respective halving events.With these highly anticipated milestones on the horizon, investors and enthusiasts are eagerly counting down the days until the reward for mining, along with its inflation rate, is cut in half.Halving events, which occur typically every four years for both Bitcoin and Bitcoin Cash, are programmed into the protocols of these cryptocurrencies as a means of controlling inflation and supply entering the market.By reducing mining rewards by half and then decreasing the rate at which new coins are generated,…
Despite facing regulatory hurdles, Binance Coin (BNB) has seen a remarkable surge of 51% over the past month, hitting a new high of $475, a level not seen in two years. This surge highlights BNB’s resilience and growing prominence in the crypto landscape, as it has reclaimed its 4th position from Solana with a market cap of $73 billion. Now, let’s explore the factors driving the upward trajectory of BNB price. Factors Driving Up BNB Price BNB price surge may have been partly influenced by overall market gains. However, there are other factors fueling BNB recent price increase. 1. Increased…
The crypto market braces for a pivotal week ahead, marked by significant events that could steer investor sentiment and market trajectory. With Bitcoin recently hitting an all-time high, anticipation mounts as key inflation data and various developments unfold. These events, ranging from Federal Reserve announcements to blockchain upgrades, are poised to influence market dynamics in the days to come.Meanwhile, the inflation data holds weight after Federal Reserve Chair Jerome Powell’s testimony signals potential rate cuts, but the timing remains uncertain, raising discussions in the crypto market. Powell’s remarks to the Senate Banking Committee suggest rate cuts may come soon, pending…
Crypto Analyst Predicts Bitcoin Could Surpass $330000, Breaking Historical Growth Patterns – Markets and Prices … Bitcoin.com News This news is republished from another source. You can check the original article here
“Rich Dad Poor Dad” Author Robert Kiyosaki has shared an important Bitcoin (BTC) update to his more than 2.5 million followers on X amid the growing debt profile of the United States.Robert Kiyosaki Says Buy BitcoinAccording to the Best-Selling Author, there is no need to be scared of the current economic situation in the country. He advocated that investors need to “BE PREPARED” in the wake of the country’s debt surpassing $34 trillion.Market and financial experts have been wary of the growing liabilities being incurred by the United States Government. On average, the national debt increases by an average of…
Closing Phases of Presale, Tokens Nearly Gone Cryptocurrency investments have become a lucrative avenue for those looking to make passive income. Among the myriad options available, Litecoin (LTC) and Uniswap (UNI) have been stalwarts in the crypto sphere, but there’s a new contender on the horizon: Scorpion Casino (SCORP). Let’s delve into how these three assets can help you make money and why Scorpion Casino might just be the next big thing. Litecoin: The Silver to Bitcoin’s Gold Litecoin has been a reliable asset for investors seeking steady growth. Its faster transaction times and lower fees make it a practical…
Shiba Inu’s price is surprisingly struggling despite a massive burning activity by the developers of the meme coin. In the last 24 hours, the SHIB burn rate spiked 23,133% as developers intentionally destroyed more than 13 billion tokens. At current market rates, this amounts to approximately $463,000. Shiba Inu Burn Rate Spikes Over 23,000% This Shiba Inu burning process unfolded across two distinct transactions. Initially, developers burned 9.6 billion SHIB tokens, valued at just over $332,000. Later, they followed up with the incineration of an additional 3.8 million SHIB tokens, worth approximately $131,384. In addition, developers disposed of 28 LEASH…