April 21 Daily report: Ethereum Reclaims 100 SMA, PayPal’s Venmo Launches New Service, Institutional XRP Inflows Surge to Hit $33 Million, Uniswap’s weekly trade volumes reach a record high of $10B and Monero (XMR) price to a 3-year high

Uniswap weekly trade volumes reach a record high of $10B

Uniswap’s decentralized exchange set a new weekly volume record on Tuesday, with cumulative transactions exceeding $10 billion amid the ongoing decentralized finance boom. If Uniswap manages to maintain its current pace, it will process over $500 billion worth of transactions in a year. Uniswap is a decentralized exchange (DEX) based on Ethereum that allows anyone to swap ERC20 tokens. Uniswap launched its UNI governance token in September 2020, with an airdrop to anyone who had used the protocol prior to September 1. looking forward to Uniswap weekly trade volumes reach a record high of $20B.

Ethereum Reclaims 100 SMA

Ethereum remained strong above the $2,200 level and it climbed higher against the US Dollar. ETH price is back above the 100 hourly SMA and it is signaling more upsides above $2,400. Ethereum remained well bid above the $2,100 zone. As a result, ETH started a fresh increase above the $2,180 and $2,200 resistance levels.

PayPal’s Venmo Launches New Service Enabling Users to Sell, Hold, And Buy Crypto

Venmo mobile payment app, owned by PayPal Holdings, has announced that it has begun allowing its users to sell, hold, and buy cryptocurrencies on its app. The development is a significant step, as it indicates that crypto is slowly but surely entering mainstream adoption.

Institutional XRP Inflows Surge to Hit $33 Million, Almost Doubling Its AUM

According to CoinShares’ weekly digital asset inflows report, XRP has been the most popular investment among digital asset products currently offered, with its weekly inflows totaling $33 million. This has resulted in XRP nearly doubling its asset under management (AUM), or investment products, to hit $83 million.

Atomic swaps and network upgrades send Monero (XMR) price to a 3-year high

Monero’s price is closing in on its 2017 all-time high as network upgrades, atomic swaps and real-world integrations catch the attention of retail and institutional investors. As the 2021 bull market cycle unfolds with decentralized finance and nonfungible tokens, or NFTs, being two of the biggest driving forces for growth, old-school cryptocurrency projects have quietly been climbing higher as their established track records begin to attract traders who value a longer history of success.

Check out the details on How to Buy Dogecoin in India

Dogecoin is a cryptocurrency or peer-to-peer digital currency based on the famous doge meme. A cryptocurrency is a digital or virtual currency that is protected by cryptography, making counterfeiting and double-spending nearly impossible.

In December 2013, two software engineers Billy Markus and Jackson Palmer created Dogecoin as a joke as fun and instant cryptocurrency. Dogecoin’s value has risen to $0.122680, or nearly 12 cents, as a result of the latest rally. check out the details on how to buy Dogecoin in India.

Elon Musk’s tweet on February 4, 2021, stating that “Dogecoin is the people’s crypto,” boosted Dogecoin’s popularity.

How to buy Dogecoin in India:

If you want to buy Dogecoin in India, you’ll need to create an account on one of the crypto exchanges that accept Dogecoin. The user can buy, sell, or swap cryptocurrencies on a cryptocurrency exchange. Here are a few applications that you can use to purchase Dogecoins. BuyUcoin provide good offers and contest to earn free dogecoin and also save fees up to 100%.

-> Buy Dogecoin on BuyUcoin classic market in USDT Pair and use the BUC Fees option in settings to Save fees up to 50% and spend up to 0.12% of the total amount as fees.

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Save 50% Fees on DOGE
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Dogecoin can be purchased in India using a credit or debit card, the MobiKwik wallet, a bank transfer, Bhim, or an IMPS transfer, buyucoin.

Source : India Today

April 20 Daily report: Yearn Finance picks up $1 million, DOGE Fans to Celebrate ‘DOGE Day’, SushiSwap’s New Products Could Propel It To The Defi Top, eToro adds Chainlink (LINK) and Uniswap (UNI) and LUNA’s Recent Rally Could Be The Start Of A Bullish Trend

DOGE Fans to Celebrate ‘DOGE Day’ as Price Hits the Roof

Dogecoin’s (DOGE) rally has generated a frenzy amongst hodlers. They want to make April 20 the “DOGE day.” DOGE has soared to reach its all-time high of $0.41 on April 19. The coin, which was created as a joke, has now gained 428.2% in seven days. Inspired by the rally, Mark Cuban said that Mavericks would not sell dogecoin gained from sales.

Yearn Finance picks up $1 million in YFI as part of the planned buyback

Yearn Finance (YFI), popular decentralized finance (Defi) protocol on Ethereum, has bought back $1.164 million worth of YFI tokens yesterday. Yearn. Finance comprises several protocols on the Ethereum blockchain that help users automatically optimize their yields earned on crypto via lending and trading services.

SushiSwap’s New Products Could Propel It To The Defi Top

The Defi sector saw a sharp drooped in its Total Value Locked, according to Defi Pulse data. Since January 2021, SushiSwap has been taking over the total Weekly DEX Volume, as research firm Messari reported. Presently, SushiSwap generates around 15% of the weekly DEX volume.

eToro adds Chainlink (LINK) and Uniswap (UNI) to its crypto offerings 

Social investment network eToro announced today that it now includes crypto assets Chainlink (LINK) and Uniswap (UNI) as official product offerings on its exchange, setting its list of offerings to 18 cryptocurrencies to date. Both LINK and UNI have interesting use cases and remind us that not all cryptos are designed to be currencies.

Will 2022 best time for bitcoin or dogecoin ?

Benzinga conducts a weekly survey to gather feedback on what traders are most excited about, interested in, or thinking about as they manage and build their personal portfolios best time for bitcoin or dogecoin.

Benzinga conducts a weekly poll to find out what traders are most excited about, interested in, or thinking about as they manage and build their personal portfolios.

best time for bitcoin or dogecoin

Which cryptocurrency will have the highest percentage gain over the next year best time for bitcoin or dogecoin?

Here are the complete survey results for this week:

Bitcoin: 12.6%

Dogecoin: 87.4%

This sentiment survey was carried out at a time when Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE) are both at or near new all-time highs.

At the time of publication, Bitcoin was worth around $56,000 and Dogecoin was worth $0.33.

Other Ways to Play Cryptocurrency: If holding crypto directly isn’t for you, here are eight stocks to bet on Bitcoin’s 2021 bull run.

There are no stocks with Dogecoin exposure. That is, unless Elon Musk’s Tesla Inc (NASDAQ:TSLA) buys some of the Shiba Inu-based cryptocurrency, as it did with Bitcoin recently.

Benzinga conducted this survey in April 2021, and it included responses from a diverse population of adults 18 and older.

There were no incentives offered to potential respondents who chose to participate in the survey. The findings are based on the responses of over 1,000 adults.

Source : Benzinga

Despite the ongoing market downturn, the total value locked in DeFi Smart Contracts remains above $60 billion.

Despite the current bear market in the cryptocurrency market, the decentralized finance (DeFi) ecosystem continues to show power, with the cumulative Total Value Locked (TVL) on major Defi smart contracts remaining above the $60 billion all-time high (ATH).

DeFi Smart Contracts

Despite the prevailing bearish trend in the markets, data from DeFiPulse, a decentralized finance market aggregator, the TVL has sustained a zig-zag trend in dollar terms in the past two days, rising to $61.262 billion on April 16, falling to $58.045 billion on April 17, and returning to its current $60.1 1 billion. Despite the ongoing market downturn, the total value locked in DeFi Smart Contracts remains above $60 billion.

Compound (COMP), a decentralized finance lending protocol, dominates the DeFi industry, contributing $10.94 billion, or 18.20 percent of the TVL. However, according to CoinMarketCap, COMP is down 21.24 percent to $451.35 at the time of publishing. Aave (AAVE), Maker (MKR), and SushiSwap (SUSHI) are among the other DeFi protocols that are down 18.09 percent, 15.62 percent, and 21.52 percent, respectively.

These DeFi token dumps are strikingly similar to Bitcoin’s 11.60 percent price retracement in the last 24 hours, currently trading at $54,298.74.

Current Price Drop is Negated by Bullish Impressions

The wider cryptocurrency industry, in which the decentralized finance ecosystem is a subset, reacts to emotions, which has a big effect on their future prospects. DeFi protocols are at the forefront of the world’s current financial revolution’s dynamic developments. Though product offerings currently range from lending to flash loans and Automated Market Maker (AMM) trading platforms, DeFi service providers are relentless in developing new technologies to keep conventional finance in check.

The Uniswap V3 protocol, a framework that will arguably position the Decentralized exchange (DEX) as one of the most powerful automated money makers serving cryptocurrency enthusiasts today, will be released on May 5 by Uniswap, an AMM. According to estimates, Uniswap’s native cryptocurrency, the UNI tokens, would possibly rocket to a new high above $50 as a result of the expected update.

Source : Bitcoin Warrior.

But what is Defi first First, what? This is a ‘decentralized financial system’ which applies to multiple applications encouraging people to exercise transfers without an entity or third-party mediator.

The Dogecoin Price difference in 15th to 19th morning

It is not the first time that Dogecoin saw a wild climb. It has a tendency to volatile price changes, like many cryptocurrencies. In 2018, the price of dogecoin rose in conjunction with other popular digital currencies. The Dogecoin Price difference in 15th to 19th morning.

Since then, it’s quite out of the radar. However, Dogecoin rushed behind the enthusiasm of a Reddit group called SatoshiStreetBets earlier this year. On April 14, dogecoin reached a milestone of 10 cents, just two days before. The Elon Musk  Meme- crypto-currency reached an all-time high after every tweet being posted.

Similar to the WallStreetBets subtitle which contributed to fueling a rally of GameStop shares at the beginning of 2021, SatoshiStreetBets intends to pump cryptocurrencies prices up.

Dogecoin Price difference

On 15th April 2021, the price of Dogecoin was recorded to be 0.13 INR. From 8th February to 15th April, the price of Dogecoin was noted to be steady without any deviations within the range of 0.08 to 0.13 INR.

On 16th April 2021, the price of Dogecoin reached 0.3 INR which is dramatically high as this peak price was not recorded for almost a year. This sudden rise in Dogecoin’s price has many reasons but Elon Musk’s tweet is considered to be one of the important reasons for Dogecoin’s rally.

On 17th April 2021, Dogecoin’s price went even beyond the marginal price range of 0.3 INR to 0.33 INR. Following a zig-zag pattern, the price of Dogecoin fell to 0.31 INR on 18th April and again recovered to its all-time high to 0.33 INR on 19th April 2021.

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