Okay Bears is quickly becoming one of the most popular NFT collections on Solana. Bull or a bear - here's what you need to know about it.
Voyager Digital cut to Neutral at Compass Point on crypto market headwinds
Compass Point analyst Chris Allen on Tuesday has downgraded cryptocurrency trading platform Voyager Digital (OTCQX:VYGVF) to Neutral from Buy given broader headwinds in the decentralized space. Specifically, Allen pointed to prospects for increased regulatory scrutiny for crypto-focused firms, "particularly for those companies that offer lending products," he wrote in a note. As a result, the analyst has lowered 2023 EPS estimate to C$0.39 ($0.30) from C$0.53. He also cut his price target to C$8 from C$14, representing a 3.5x enterprise value/revenue multiple in 2022. Meanwhile, shares of VYGVF are rising in afternoon trading, as bitcoin (BTC-USD +2.9%) manages to hold modest gains over $30K. Earlier this week, (May 16) Voyager Digital Q3 earnings reflected user growth, but transaction revenue slid.
Coinbase To Take DeFi-first Approach With its App and Wallet
Coinbase Pay, a streamlined fiat-to-crypto onramp, will be integrated in Coinbase Wallet and Metamask, alongside new features for Web3 identity and non-custodial dApp wallet in the Coinbase appThe post Coinbase To Take DeFi-first Approach With its App and Wallet appeared first on Blockworks.
Coinshift Closes $15 Million Series A Led by Tiger Global, Sequoia Capital India, Alameda Ventures
May 17, 2022 – Sheridan, United States Cash management company announces roadmap to build cutting-edge multi-chain treasury infrastructure for Web 3.0. Coinshift, leading treasury management and infrastructure platform that enables DAOs and crypto businesses to manage cash reserves, announced its $15 million Series A funding round and its roadmap for building a novel full-service treasury The post Coinshift Closes $15 Million Series A Led by Tiger Global, Sequoia Capital India, Alameda Ventures appeared first on The Daily Hodl.
Bitcoin and Ethereum camp go haywire as on-chain metrics reveal…
Bitcoin and Ethereum started off the week with modest price rises, with the king coin trading at $30,424.97 while the top alt was changing hands at $2,077.09. That being said, prices are only half the story. Both BTC and ETH have seen dramatic movements in the past week, and there’s a lot to unpack. Just go
Apecoin Maintains Over 780% Gain in 60 Days!
Apecoin (APE) is the Cryptocurrency of the Bore Ape Yacht Club (BAYC). It is one of the crypto tokens with a strong capacity to retain its previous gains irrespective of the crypto downtrend of recent weeks. In the past, to days after it was launched in March 2022, it has a return on investment of 784%. This means that its investors are still on the gain of $7.84 for each $1 investment. Although, it is presently trading at $8.37 after attaining an all-time high price of $39.40 according to CoinMarketCap. It has remained profitable since its all-time low price is $1. Some factors that had made this possible are: Its unpredictable buyer’s pressure Apecoin (APE) is one of the recent cryptocurrencies with unpredictable buyers. This has made it to always recover from its lows. Irrespective of the price that Apecoin attains, buyers sometimes apply strong pressure that tends to push its price higher. This helps it to regain its previous losses since the sellers increase the price. Increased Volume in Circulation Apecoin has a total supply of 1 billion APE. Out of this total supply, only 284,843,750 APE are in circulation. This represents about 28.84% of its maximum supply. This is low, which can easily lead to scarcity of the token whenever the buyer’s pressure is increased. Future predictions on the token With the commitment from Bore Ape Yacht Club Yuga Labs, investors are optimistic about a good return on investment on Apecoin. Th...