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cryptocurrency1 year ago

COMP Crypto Surges 50%: Is the $100 Mark Approaching?

COMP cryptocurrency has surged 50% in the past 30 days, driven by increased whale interest and reduced sell pressure, particularly in the DeFi sector. The token's price rose from $38 to $74, but it faces resistance near $80. A weekly close above $81 could pave the way for a potential rise to $100, although the RSI indicates a possible short-term cooldown. On-chain data shows strong accumulation and decreased sell pressure on exchanges, suggesting the uptrend might continue unless these factors reverse.

via AMBCrypto News|
#comp#cryptocurrency#defi
cryptocurrency2 years ago

Bitcoin Cash Dominates Crypto Market with Surging Trading Volumes

Bitcoin Cash (BCH) emerged as the top-performing digital asset in June, gaining 171% and outperforming Bitcoin (BTC). The surge in BCH was fueled by its listing on EDX Markets and increased trading activity on Upbit. FTT, the token of bankrupt exchange FTX, climbed 124% in June, while COMP, the native token of DeFi protocol Compound, rallied 50% in four days. The CoinDesk Market Index (CMI) gained 2.7% for the month. The positive sentiment in the crypto market was driven by institutional interest, with BlackRock's application for a spot ETF and other institutions entering the space.

via CoinDesk|
#bitcoin-cash#comp#crypto-market
cryptocurrency2 years ago

Coinbase Fights Back: Seeking Dismissal of SEC Lawsuit

Coinbase has responded to the SEC's lawsuit by claiming that the digital assets listed on its platform are not securities and therefore fall outside the regulator's purview. Meanwhile, Germany's financial watchdog has reportedly denied crypto exchange Binance a custody license, although it is unclear if this is a formal decision or an ongoing discussion. In the world of decentralized finance (DeFi), the native token of Compound (COMP) has surged by over 50% in the past four days, accompanied by increased volume and outflows on Binance. COMP's rally is part of a broader positive shift in sentiment in the altcoin market, following bitcoin's rise above $30,000.

via CoinDesk|
#binance#coinbase#comp