NFT News by Thebittimes.Com

The crypto market has been recovering. Experts are bullish on Cardano (ADA) because of its research-oriented approach and expanding decentralized finance (defi) ecosystem. FTX Token (FTT) has also registered gains despite challenges facing Binance.  On the other hand, Borroe Finance (ROE) is introducing an AI-powered fundraising marketplace to enhance defi while highlighting practicality and transparent leadership. Cardano’s bullish potential In a recent YouTube video, Crypto Jebb outlined why ADA could rally .  At press time, the coin is changing hands at $0.38, down by over 80% from its all-time high of $3.09 but up by over 30% in the past month. You might also like: Cardano “coiling up” says analyst, warning of pending volatility Cardano supports dapps, and its total value locked (TVL) is up from $50 million to $250 million in the past year. Projects like Indigo, Minswap, and Optim Finance are gaining traction in this ecosystem.  FTX token surges...

Curve Has Enjoyed A Sharp Rally Over The Past Week Curve DAO token (CRV) has defied market trends by experiencing a remarkable surge of over 20% in the past week. This impressive performance stands out in an industry where major players like Bitcoin and Ethereum have faced challenges. CRV has risen above the $0.52 mark, marking a significant uptick in its price. A Glimpse at CRV’s Recent Performance The following chart can visualize CRV’s performance over the last month. In the midst of several cryptocurrencies trading in the red, CRV’s ascent has caught the attention of investors. Can CRV Sustain Its Rally ? With CRV’s recent surge, investors are pondering whether this momentum can be maintained. The asset briefly breached the $0.56 level during a sharp surge a few days ago but retraced to its current position. Over the past few days, CRV has exhibited sideways movement, indicating a potential slowdown in buying pressure. Whale Alert: A Significant CRV T...

Solana’s usage data and ecosystem development do not support the recent bullish rally, raising the probability of a SOL price correction. Solana’s (SOL) recent 250% rally to $25 has shocked many investors in the crypto market. At the same time, traders who had eyes on the negative funding rate for SOL in the futures market could have anticipated the bullish move ahead of others. It’s because excessive negative funding rates, like the one in Solana displayed below, implies that the majority of traders are on the short side, providing an opportunity for buyers to run their stops. SOL funding rate for perpetual swaps. Source: Coinglass Regardless of the reason behind the price increase, if enough buyers are interested in joining the bullish move, it can turn into a medium-to-long-term bullish trend. However, Solana's fundamental and market analysis shows weakness, which will more likely cause a steep correction in the altcoin. Solana finds a worthy competitor in NFT space Solana rank...