Sirwin
Sirwin

What Happens To DeFi Today? (28 Jan 2023, Saturday)


"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.

Recently, we have just launched a news sentiment analysis tool that utilizes machine learning, natural language processing and big data to allow users to determine the collective sentiment in online news stories about a specific cryptocurrency.

Interested in our product? It's available for free here -> ChainMetrics.ai

 

CHAINLINK (LINK)

Current Price: $ 7.4 (24h Changes: 2.91 %)

Current Market Cap: $ 3,645,353,390 (24h Changes: 2.42 %)

Positive News

Bitcoin Breakout Imminent? Analyst Says Key Price Point Will Be Pivotal, Tracks Path Ahead for Litecoin and Three Ethereum-Based Altcoins

Source: The Daily Hodl

Date: Fri, 27 Jan 2023 14:05:22

A widely followed crypto analyst says that Bitcoin (BTC) could continue its uptrend as he keeps a close eye on Litecoin (LTC) and three Ethereum-based (ETH) altcoins. Pseudonymous trader Rekt Capital tells his 334,000 Twitter followers that he expects BTC to continue rising as long its dominance level successfully retests a key level.

Biggest Movers: MATIC Nears 3-Month High, as LINK Extends Recent Gains

Source: Bitcoin

Date: Fri, 27 Jan 2023 11:30:28

Polygon rose to its highest level since early November on Friday, as markets reacted to the latest U.S. consumer sentiment data. Sentiment rose to 64.9 in January, up from a reading of 59.7 in December. Chainlink also surged in today's session, hitting its strongest point in nearly two months.

Chainlink: Exploring the possibility of sustained whale interest amidst bull rally

Source: AMBCrypto

Date: Fri, 27 Jan 2023 10:30:25

Chainlink [LINK] continued to increase its adoption with new partnerships, the latest being with Elure Labs. As per the official announcement on 13 January, Elure Labs has integrated Chainlink Price Feeds to help ensure that collateralization ratios were calculated based on tamper-proof market data.

Neutral News

BudBlockz (BLUNT) To Replace Chainlink (LINK) as the New Must-Have Crypto in Your Portfolio

Source: CoinPedia

Date: Fri, 27 Jan 2023 04:49:50

Chainlink is an important part of many crypto investors' portfolios. While some projects have been green, LINK still struggles to recover. High volatility is one of the main deterrents and can be discouraging even for its most avid supporters. If you are looking for a must-have crypto project, here's why you should consider BudBlockz instead.

 

UNISWAP (UNI)

Current Price: $ 6.81 (24h Changes: 1.51 %)

Current Market Cap: $ 5,149,713,778 (24h Changes: 1.03 %)

Neutral News

Uniswap Founder: People Rooting For Crypto To Be Shut Down Are Cringe

Source: NewsBTC

Date: Fri, 27 Jan 2023 05:40:11

Hayden Adams, the founder of Uniswap, thinks people rooting to have crypto shut down are “incredibly cringe.” Uniswap Founder: Let People Be In a tweet on January 26, Hayden emphasized that no one has forced anybody to use crypto, buy coins, or keep up with the latest events in the industry.

Negative News

Uniswap price analysis: UNI corrects down to $6.65 as correction looms

Source: Cryptopolitan

Date: Fri, 27 Jan 2023 09:51:15

The Uniswap price analysis shows that there is once again a bearish pressure. Since the price last reached its peak on January 22, 2023, at $6.88, there has been some dramatic price action after that including some strong corrections, but the price levels recovered again during the last two days.

 

AAVE (AAVE)

Current Price: $ 86.97 (24h Changes: -1.14 %)

Current Market Cap: $ 1,249,928,312 (24h Changes: -2.3 %)

Positive News

DeFi Platform Aave (AAVE) Deploys V3 on Ethereum Mainnet, Token Remains Flat

Source: Dailycoin

Date: Fri, 27 Jan 2023 14:40:45

The latest upgrade introduces new risk mitigation features and reduces gas costs across all functions by 20-25%.

Aave V3 Has Officially Deployed On The Ethereum Mainnet

Source: Coincu

Date: Fri, 27 Jan 2023 13:31:17

Key Points: On January 27, Aave has just completed the formal deployment of the Aave V3 version of its protocol onto the mainnet of Ethereum. Aave has also posted a status related to Aave V3 on the official Twitter page for the project, where the announcement of this latest update can be seen.

These Altcoins Could Be Ones To Watch For, Santiment Suggests

Source: Bitcoinist

Date: Fri, 27 Jan 2023 10:20:35

Data from Santiment shows these altcoins have seen elevated whale activity recently, which may make them ones to watch for in the coming days.

Neutral News

AAVE could trade sideways until early next week- Should you continue HODLing?

Source: AMBCrypto

Date: Fri, 27 Jan 2023 00:30:17

Aave [AAVE] has been in price consolidation since mid-January. Similarly, Bitcoin [BTC] has been trading sideways within the $22.4K – $23.3K range.

 

LIDO DAO (LDO)

Current Price: $ 2.42 (24h Changes: 5.39 %)

Current Market Cap: $ 2,034,203,740 (24h Changes: 4.62 %)

Positive News

Top 5 cryptocurrencies with triple-digit gains in 2023

Source: Finbold

Date: Fri, 27 Jan 2023 05:34:06

The cryptocurrency market has seen a resurgence recently, with several digital assets rallying to gain by as much as triple figures. This has come despite a bear market that lasted much of the past year, and investors are finding renewed optimism in the crypto space, looking for opportunities to capitalize on the current rally.

 

MAKER DAO (MKR)

Current Price: $ 666.72 (24h Changes: 2.15 %)

Current Market Cap: $ 603,810,327 (24h Changes: 1.27 %)

Neutral News

Decoding MKR's price action after MakerDAO burn activity hit highs

Source: AMBCrypto

Date: Fri, 27 Jan 2023 01:30:36

Decentralized Finance protocol and builders of DAI, MakerDAO [MKR] have been involved in burning its tokens as part of its tokenomics strategy. This fascinating activity has been happening since 2018.

 

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


What Happens To Crypto Today?
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