What Happens To DeFi Today? (20 Oct 2022, Thursday)


"What happens to DeFi today?" is a crypto news curator that curates high-quality and insightful DeFi news for you daily.

Here are the news for you today.

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CHAINLINK (LINK)

Current Price: $ 6.94 (24h Changes: -2.19 %)

Current Market Cap: $ 3,414,566,383 (24h Changes: -2.54 %)

Positive News

These Tokens Are Gearing Up For a Massive Move in the Coming Days! Here Are the Watch Levels

Source: CoinPedia

Date: Wed, 19 Oct 2022 09:13:25

The overall crypto market has plunged in a couple of two days as the bears have yet again taken control against the Bulls. The leading cryptocurrency, Bitcoin has lost its crucial $19,200 area, and the second largest cryptocurrency, Ethereum has also dropped below $1,300 along with Chainlink, XRP, Solana, and Cardano among others.

Ethereum and Top Ethereum-Powered Altcoin Gearing Up for Big Moves, Says Crypto Analyst

Source: The Daily Hodl

Date: Wed, 19 Oct 2022 05:15:25

A popular crypto strategist known for his timely altcoin calls says that Ethereum (ETH) and decentralized oracle network Chainlink (LINK) are setting the stage for a big move to the upside.

Negative News

Chainlink price analysis: LINK prices slip below $7.01 as market conditions turn bearish

Source: Cryptopolitan

Date: Wed, 19 Oct 2022 04:54:10

Chainlink price analysis reveals that LINK prices opened the daily trading session trading at the $7.26 level and slipped below the $7.01 level within the first hour of trading as market conditions turned bearish. LINK prices found support at the $6.98 level and have been consolidating around this level for the past few hours.

 

UNISWAP (UNI)

Current Price: $ 6.67 (24h Changes: 1.01 %)

Current Market Cap: $ 5,034,744,012 (24h Changes: 0.83 %)

Positive News

Uniswap Coin Aims To Surpass $7 On Strength Of Bullish Pattern

Source: Coingape

Date: Wed, 19 Oct 2022 14:02:13

The technical chart shows the Uniswap coin price forming an inverted head and shoulder pattern in the daily time frame chart. This bullish reversal pattern is known to flip the market sentiment and initiate a series of new higher highs and higher lows trends.

Binance now second-largest entity by voting power in Uniswap DAO

Source: The Block

Date: Wed, 19 Oct 2022 10:10:02

Uniswap founder Hayden Adams is concerned that the exchange might be using its users' funds for participating in governance. The post Binance now second-largest entity by voting power in Uniswap DAO appeared first on The Block.

Uniswap price analysis: UNI sets up bullish move after rising above $6.52 barrier

Source: Cryptopolitan

Date: Wed, 19 Oct 2022 08:04:58

Uniswap price analysis is bullish today after the price broke the $6.64 barrier to rise up to $6.52 over the past 24 hours. The price levels have covered an upwards range, as the bullish momentum has proved to be quite steady.

Neutral News

Binance delegates 13.2M UNI tokens, becoming Uniswap DAO's second largest vote-holder

Source: Cointelegraph

Date: Wed, 19 Oct 2022 14:45:00

This move will allow Binance to propose governance votes, but is not enough to meet the quorum 4% requirement.

Binance Now Ranked as the Second Largest Voting Power in Uniswap DAO

Source: Blockchain News

Date: Wed, 19 Oct 2022 12:16:08

Binance is now ranked as the second-largest voter in the Uniswap DAO after a16z

Binance Becomes Second-Largest Voting Entity on Uniswap DAO

Source: Coindesk

Date: Wed, 19 Oct 2022 12:09:06

Uniswap's founder has accused Binance of using customer funds to amass governance votes.

 

AAVE (AAVE)

Current Price: $ 84.0 (24h Changes: 1.19 %)

Current Market Cap: $ 1,186,542,916 (24h Changes: 1.4 %)

Positive News

AAVE Price Recovery Is Set To Target $93.5 Mark; Enter Now?

Source: Coingape

Date: Wed, 19 Oct 2022 15:11:08

The ongoing recovery in AAVE price pierced the dynamics resistance trendline and $80 horizontal level. Thus, this breached resistance should flip into a suitable footing for buyers, leading to further recovery.

Biggest Movers: XMR Moves to 10-Day High, AAVE Remains Near 5-Week Peak

Source: Bitcoin

Date: Wed, 19 Oct 2022 11:48:59

Monero raced to its highest point in ten days, as the token moved past a key resistance level on Wednesday. Today's move sees the token rise higher for a fourth consecutive day, following a rebound from its long-term floor. Aave was also in the green, as it remained close to a five-week peak.

 

MAKER (MKR)

Current Price: $ 1,109.75 (24h Changes: -0.0 %)

Current Market Cap: $ 1,000,100,489 (24h Changes: -0.38 %)

Negative News

Reasons Maker [MKR] could slip below the $900 level in the next few days 

Source: AMBCrypto

Date: Wed, 19 Oct 2022 15:30:36

Maker DAO's MKR token was among the best performers in the last four weeks. Its bulls have dominated during this time but multiple factors currently suggest that they might be about to take a break.

 

THORCHAIN (RUNE)

Current Price: $ 1.48 (24h Changes: -1.95 %)

Current Market Cap: $ 444,731,870 (24h Changes: -1.93 %)

Positive News

Thorchain (RUNE) Might Be the Best Bet For Traders in the Coming Months!

Source: CoinPedia

Date: Wed, 19 Oct 2022 01:17:31

The cryptocurrency market has had quiet weeks in the past due to the majority of altcoins and big cryptocurrencies like Bitcoin (BTC) continuing to move in a range. With altcoins like Thorchain (RUNE) rebounding from their lows with strong hopes of a rise given the recent trend change, the month appears bright.

 

 

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


What Happens To Crypto Today?
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