Crypto funds under management drop to a low not seen since July 2021

crypto-funds-under-management-drop-to-a-low-not-seen-since-july-2021

Outflows from digital asset funds reached $141 million last week, a figure not seen since July 2021. Digital asset investment products saw $141 million in outflows during the week ending on May 20, a move which reduced the total assets under management (AUM) by institutional funds down to $38 billion, the lowest level since July … Read more

Top 3 cryptocurrencies that are faring the best in the 2022 bear market

top-3-cryptocurrencies-that-are-faring-the-best-in-the-2022-bear-market

The list is curated after studying the drawdowns of the top 30 crypto assets by market cap from their record highs. The crypto market has been in decline over the past six months with its valuation dropping from over $3 trillion in November 2021 to $1.23 trillion in May 2022. Fears over persistently higher inflation, … Read more

Polkadot Partners With Frank McCourt’s Project Liberty to Democratize Social Media Data

polkadot-partners-with-frank-mccourt’s-project-liberty-to-democratize-social-media-data

Leading interoperability blockchain network Polkadot has partnered with Frank McCourt’s Project Liberty on the first implementation of the latter’s Decentralized Social Networking Protocol (DSNP). Democratizing Social Media Data According to a press release shared with CryptoPotato, the new collaboration will see Project Liberty leverage Polkadot’s technology to boost the adoption of its DSNP. Project Liberty is … Read more

Price analysis 5/23: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

price-analysis-5/23:-btc,-eth,-bnb,-xrp,-ada,-sol,-doge,-dot,-avax,-shib

Bitcoin and the major altcoins have bounced off their immediate support levels, paving the way for a possible relief rally in the short term. The United States equity markets are attempting a recovery after weeks of relentless selling. Along similar lines, on-chain monitoring resource Material Indicators expects the crypto market to recover, but they anticipate … Read more

Polkadot (DOT) Trades Beneath $11; How Soon Will It Target $14?

polkadot-(dot)-trades-beneath-$11;-how-soon-will-it-target-$14?

Polkadot (DOT) has held itself for sometime at the current price level. The consistent downslide of major market movers have pushed many altcoins near their immediate support and below their nearest resistance levels. Recent market conditions have been quite harsh for investors. The returns have been questionable. Polkadot (DOT) has witnessed a sharp fall in … Read more

Price analysis 5/20: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

price-analysis-5/20:-btc,-eth,-bnb,-xrp,-ada,-sol,-doge,-dot,-avax,-shib

BTC and altcoins produced the occasional relief rally, but technical analysis suggests that the prevailing trend will remain bearish for some time to come. Bitcoin’s (BTC) tight correlation with the legacy markets continues to be a drag, especially as the United States equity markets remain in a firm bear trend. The Dow Jones Industrial Average … Read more

Price analysis 5/18: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

price-analysis-5/18:-btc,-eth,-bnb,-xrp,-ada,-sol,-doge,-dot,-avax,-shib

Ailing stock markets continue to impact crypto prices and technical analysis suggests BTC is at risk of falling below its recent $25,500 low. On May 17, United States Federal Reserve Chairman Jerome Powell told the Wall Street Journal that the 50-basis-point rate hikes would continue until inflation is under control. Powell’s emphasis on a hawkish … Read more

Price analysis 5/16: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, AVAX, SHIB

price-analysis-5/16:-btc,-eth,-bnb,-xrp,-ada,-sol,-doge,-dot,-avax,-shib

BTC and most altcoins are facing strong selling at the top of each rally, but the short-term downside could be limited since Bitcoin bulls keep buying each dip. The selling in Bitcoin (BTC) is showing no sign of abating and Bitcoin has fallen for seven straight weeks for the first time ever. This indicates that … Read more

Polkadex Locks in Polkadot Parachain Slot by Allocating Nearly 1 Million DOT

polkadex-locks-in-polkadot-parachain-slot-by-allocating-nearly-1-million-dot

Since the 21st of November 2021, the team at Polkadot has conducted regular DOT-based auctions for one of the coveted slots in their parachain network. There are plans for 100 parachain slots, give or take. Auctions for the first 41 have already been planned, with one happening roughly every ten days. The 16th auction started … Read more

Polkadot Displayed Bearish Engulfing Candlestick; Suggests Further Downtrend

polkadot-displayed-bearish-engulfing-candlestick;-suggests-further-downtrend

Polkadot has been on a sharp decline over the last week as the broader market extended losses at press time. Bitcoin nosedived to $28,000 and presented a loss of 7% over the last 24 hours. All major altcoins have followed the same path registering losses on the daily chart. Polkadot was trading in a descending … Read more