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Saturday, April 10, 2021

Theta Gains 660%, Yearn. Finance Eyes New All-time High.

theta

Theta enters the top-10 following 660% gains since the start of 2021

Theta has risen dramatically in the market cap rankings over the past couple of months — a 22% gain in the last 24-hours sees it leapfrog to take the tenth spot. Theta launched relatively recently, in March 2019. It describes itself as a blockchain video streaming platform that aims to disrupt the streaming industry using decentralized technologies.

Yearn. finance eyes new all-time high

Yearn. Finance(YFI) price can break above $50,000 if Bitcoin continues to consolidate in the near term. As Bitcoin’s (BTC) price has been consolidating in recent weeks, many other crypto assets started to show strength. This was largely expected since altcoins generally do better once BTC cools down.

Theta

Uniswap V3 launches — UNI prices surges by 8% in minutes

UNI, the native governance token of Uniswap, surged immediately after the Uniswap V3 launch. Uniswap, the most widely utilized automated market maker (AMM) in DeFi, has surged significantly after the launch of Uniswap V3 on March 23. At just over $35 per token, UNI has gained nearly 23% in the past week.

$5.5 Billion Worth of Bitcoin Options Expire on Friday

Bitcoin (BTC) call options worth $2.6 billion and put options worth $2.8 billion will expire on Friday, March 26. A large Open Interest volume threatens to push this value to the maximum pain price at the time of expiration. The long-term strategy of institutional investors and fresh buying pressure could limit the size of the correction.

Chainlink surpasses Bitcoin Cash making LINK the 11th largest cryptocurrency

The market capitalization of Chainlink has surpassed Bitcoin Cash, as the Defi market continues to prosper with TVL exceeding $24 billion. The market capitalization of Chainlink now hovers at $9 billion and roughly $500 million away from the next biggest crypto asset, Litecoin (LTC).

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