• Coinbase has introduced transaction previews and blocklists to increase cryptocurrency security in response to a rise in thefts.
• These features inform users of the expected change in their token and NFT balances before confirming a transaction.
• Other cryptocurrency wallet providers, such as Phantom, Ember, and Bitski, have either launched or announced similar features to protect against scams and phishing attacks.

In recent months, the world of cryptocurrency has seen a surge in thefts, causing many exchanges and wallet providers to reassess their safety protocols. One of the most recent developments comes from U.S.-based cryptocurrency exchange Coinbase, which has rolled out transaction previews and blocklists to increase the security of its wallet software.

On 30 January, the company announced that it had added new features to its wallet software to make it simpler for customers to recognize and respond to suspected wrongdoing from scammers. This includes a transaction preview feature which informs the user of the expected change in their „token and NFT balances“ before they press the confirm button. Additionally, they have implemented token approval alerts, which inform users when a dApp requests permission to withdraw tokens and NFTs.

To further reduce exposure to potential vulnerabilities, Coinbase has added new layers of permission control that allow users to revoke dApp connections directly from the app. This puts them in line with many other cryptocurrency wallet providers such as Solana [SOL]-based Phantom, Web3 wallet provider Ember, and Bitski, all of which have either launched or announced similar capabilities targeted at preventing cryptocurrency scams and phishing assaults.

On 27 January, Phantom reminded users that its wallets are protected with several security features, including transaction previews, an open-source blocklist, NFT spam reporting, and burning. This was only two days after Moonbirds creator Kevin Rose acknowledged losing $1.1 million in NFTs because of a targeted phishing attack.

The introduction of these new safety measures by Coinbase and other wallet providers shows a commitment to protecting users from cryptocurrency scams and thefts. These features enable users to take control of their assets and transactions, creating a more secure environment for them to store and trade cryptocurrencies.

Summary:
• Uniswap’s [UNI] rally in January offered 43% gains so far.
• UNI formed an ascending triangle, with a potential bullish breakout.
• Open Interest rates of UNI have increased, indicating a positive change in investor sentiment.

Uniswap [UNI] Price Prediction 2023-24

Table of Contents

• Introduction
• UNI’s January Rally
• Ascending Triangle Formation
• Improved Investor Sentiment
• UNI Price Prediction

Introduction

Uniswap [UNI] is one of the leading decentralized exchanges (DEX) and has been making headlines since its launch in September 2020. The altcoin has surged over the past few months and recorded an impressive 43% gain in January 2021. The UNI/USDT pair is currently trading at $7.109, and the token has a market capitalization of $7.8 billion.

UNI’s January Rally

The altcoin started the month at $4.963 and surged to $7.109 at the time of publication. This marked an impressive gain of 43% in just one month. Bitcoin [BTC] has also been in an uptrend, and the king coin was threatening to close above $23.5K on the lower timeframe charts. This could further boost UNI’s price action as BTC continues to surge.

Ascending Triangle Formation

UNI’s price action has been following an ascending triangle pattern since January 10. The pattern is usually considered as a bullish sign, and UNI could break out of the pattern if BTC rallies above $23.5K. The target level for the bullish breakout is $7.725, which is also a pre-FTX level. This would see UNI gain over 10% if the target is reached.

Improved Investor Sentiment

According to Santiment data, UNI’s weighted sentiment has improved and was close to touching the neutral line. This shows investors‘ outlook on the DEX asset has improved over the past few days, which could bolster its uptrend momentum. Additionally, there has been an uptick in open interest rates, indicating more money is flowing into the UNI’s futures market.

UNI Price Prediction

UNI is highly bullish on the 12-hour chart, with the Relative Strength Index (RSI) valued at 60. This suggests that a bearish breakout could be highly unlikely. Low trading volumes, as indicated by the On Balance Volume (OBV), could delay the uptrend in the short term. But if BTC reclaims and surges above $23.5K, UNI’s trading volumes and buying pressure will increase.

Overall, UNI looks set to end the month in the green, with the potential for further gains in the near future.

Summary:
• Optimism NFT quests are driving growth and usage of the protocol.
• The protocol has seen notable growth with an average of 32%, as well as an increase in TVL of 36%.
• Despite this success, Optimism still lags behind Arbitrum in terms of TVL, and there has been a decline in daily active addresses and development activity.

Optimism Quests: A Game-Changer for DeFi

Table of Contents

1. Overview
2. Optimism Quests
3. Competition
4. Decline in Activity
5. Conclusion

Overview

Optimism is a decentralized finance (DeFi) protocol that has seen tremendous growth in recent months, largely due to its NFT quest projects. The projects have resulted in impressive growth for all participants, with an average growth rate of 32%. The success of these NFT quests has contributed to the overall growth of the Optimism protocol, which has increased by 56% in value.

Optimism Quests

Optimism Quests is an initiative that takes users through various apps on the platform, teaching them how to make use of these apps in exchange for commemorative NFTs. The quests have resulted in impressive growth for all participants, with an average growth rate of 32%. The success of these NFT quests has contributed to the overall growth of the Optimism protocol, which has increased by 56% in value.

Competition

Despite this impressive growth, Optimism still lags behind in terms of Total Value Locked (TVL) when compared to Arbitrum, another decentralized finance protocol. The reason for this may be due to the fact that users are saving more ETH while using Arbitrum, as reported by Dune Analytics. However, there was an uptick in Optimism’s TVL, and it may eventually overtake Arbitrum in the future.

Decline in Activity

Despite the price of the OP token continuing to soar, there was a decline in daily activity. Notably, over the last month, the number of daily active addresses holding OP fell from 11,246 to 6,802. Additionally, the development activity on Optimism also declined over the last week, suggesting that contributions from developers had fallen. This decline in development activity raised concerns about upcoming upgrades and updates on the platform.

Conclusion

Optimism NFT quests are proving to be a game-changer for DeFi. The protocol has seen impressive growth with an average of 32%, as well as an increase in TVL of 36%. However, despite this success, Optimism still lags behind Arbitrum in terms of TVL, and there has been a decline in daily active addresses and development activity. This raises questions about the future of the protocol and its ability to sustain its impressive growth.

Summary:
• Binance Coin (BNB) recently published its weekly report which highlighted developments in its ecosystem.
• Statistics such as average daily transactions, and users were mentioned.
• Metrics remained in BNB’s favor, however, technical indicators favored the bears.

Binance Coin (BNB) Weekly Report

Table of Contents

• Updates
• Statistics
• Positives

Updates

Binance Coin (BNB) recently published its latest weekly report which highlighted the developments in its ecosystem in the last seven days. The report mentioned new updates and the latest statistics about the network. Among the updates was the launch of Joepegs NFT Marketplace on BNB, which was a positive update as it would help BNB further grow its NFT ecosystem.

Statistics

The report mentioned various statistics about the network such as the average daily transactions which were 2.62 million and the weekly and daily average users were 2.48 million and 761k respectively.

Positives

Santiment’s chart revealed that BNB’s NFT space did witness growth in the last seven days with total NFT trade counts and NFT trade volume in USD increasing over the week. Metrics remained in BNB’s favor with the coin’s MVRV Ratio registering an uptick, which was bullish. Positive sentiments around BNB went up during the last few days and the alt’s funding rates spiked last week, showing its demand in the futures market.

Summerized Article:
• Aave experienced a decline in the number of unique users and transactions, even as staked ETH deposits grew.
• The $stETH pool on the Aave protocol became the largest deposit pool on the platform.
• Despite this decline in revenue and the number of users, the interest in the Aave token has continued to grow.

Aave Price Prediction 2023-2024
Table of Contents

I. Introduction
II. Aave Experiences a Decline in Unique Users and Transactions
III. The $stETH pool Becomes the Largest Deposit Pool
IV. Aave Token Continues to Rise
V. Conclusion

Introduction
Aave is a decentralized lending platform that offers users the ability to borrow and lend tokens with the use of smart contracts. Recently, it has been observed that Aave is experiencing a decline in the number of unique users and transactions despite growth in staked ETH. This article will explore the possible causes of this decline and examine how the Aave token has continued to increase in value despite the observed decline in usage.

Aave Experiences a Decline in Unique Users and Transactions
According to recent data by Messari, it was observed that the stETH pool on the Aave protocol became the largest deposit pool on the platform. This growth was attributed to the rising interest in staked Ethereum due to the upcoming Shanghai upgrade. Despite this growth in staked ETH deposits over the last month, the number of unique users on the Aave protocol has seen a decline. It fell by a significant 35.3% over the last month and the number of transactions on the platform decreased by 45.01% during the same period.

The decline in the number of users on Aave had a material impact on the revenue generated by the platform. According to data from the token terminal, the revenue generated by Aave has fallen by a staggering 45% over the last three months.

The $stETH Pool Becomes the Largest Deposit Pool
Interest in the Aave token has continued to grow despite the decline in usage. This can be seen through the sharp uptick in the percentage of large holders accumulating Aave, as well as a noticeable increase in the velocity of the Aave token. This increase in velocity suggests that the frequency with which Aave is being exchanged between addresses has increased over the last month.

Aave Token Continues to Rise
The Aave token has continued to increase in value despite the observed decline in usage. This indicates that the demand for Aave is still high and investors are still interested in the token. Despite the decline in revenue and users, Aave has been able to maintain its position in the DeFi space and attract new investors.

Conclusion
The decline in the number of users on Aave has had a noticeable impact on the revenue generated by the platform. Despite this, the interest in the Aave token has continued to increase, indicating that investors remain interested in the token. Aave has been able to maintain its position in the DeFi space and attract new investors, despite the decline in usage.

Summary:
• XTZ’s price has rallied by 61% since the beginning of the year.
• Daily chart readings suggest that a price correction could be imminent.
• Factors such as the Relative Strength Index (RSI), Money Flow Index (MFI), Chaikin Money Flow (CMF), and Aroon indicator all point to a weakening of the bullish momentum.

Tezos (XTZ) has had a stellar start to the year, with its price increasing by 61% since 1 January 2021. The cryptocurrency price tracking platform CoinMarketcap reported that Tezos native coin XTZ ranked as one of the best-performing crypto assets in the last 24 hours. Exchanging hands at $1.17, the altcoin’s price rallied by 4% during that period. In the last week, XTZ’s price also grew by 4%.

Despite the bullish sentiment in the market, an analysis of XTZ’s daily chart readings reveal that a price correction could be imminent. The Relative Strength Index (RSI) and Money Flow Index (MFI) both show that the market may be overbought, indicating a possible drop in price. Furthermore, the Chaikin Money Flow (CMF) has been on a downtrend since 14 January, creating a bearish divergence and suggesting that the rally is not sustainable. Additionally, the Aroon indicator shows that the bullish momentum for XTZ has weakened.

Investors should therefore brace for impact and be prepared for a possible price correction. It is important to keep in mind that XTZ’s market cap in terms of Bitcoin (BTC) is a key factor to consider when assessing the altcoin’s performance. At press time, XTZ’s market cap in BTC was 0.387 BTC.

Overall, XTZ’s price has been steadily increasing, but investors should note that a price correction could take place in the near future. It is crucial to stay informed and to take into account all of the factors that could affect the altcoin’s performance.

• Polygon [MATIC] offered investors 15% gains on Thursday, 26 January.
• MATIC was trading at $1.1555 at press time and is supported at $1.1252.
• MATIC is supported by whale transactions and long-term holders saw profits.

Polygon [MATIC] has been making waves in the crypto market as of late. On Thursday, 26 January, the digital asset saw a 15% gain as it broke above its 12-day-long price consolidation range. At press time, MATIC’s value was $1.1555, and is supported by the key $1.1252 support level.

The digital asset has been rallying since January. After a two-week price consolidation range of $0.9283 – $1.033, MATIC broke above the range and hit its bullish target of $1.1252. The target was then flipped into an immediate support level. If the $1.1252 support level proves steady in the next few days, MATIC could target its November high of $1.300 – a potential 15% rally.

The Relative Strength Index (RSI) on the 12-hour chart was 66, indicating a bullish MATIC. Therefore, the above bullish bias could be likely in the next few days. But a drop below the $1.1252 support would invalidate the bias. Nevertheless, bulls could find another steady level at $1.0733 in such an event of a downtrend.

MATIC also recorded whale count transactions. According to Santiment data, there were a handful of whale transaction counts above $100K by press time. The historical pattern showed that some whale moves were associated with price surges. As such, it is possible that MATIC could experience another price rally. Moreover, long-term holders saw profits due to the price surge.

Overall, Polygon [MATIC] is on an uptrend, and investors should keep an eye on the $1.1252 support level. If the support holds steady, MATIC could target its November high of $1.300 and offer investors more gains into the weekend.

• Dogecoin [DOGE] outperformed every other crypto on the top 10 list by market capitalization in terms of daily gains, increasing by over 5% in the last 24 hours.
• WhaleStats reported that DOGE was on the list of the top 10 most purchased tokens among the top 100 BSC whales in the last 24 hours.
• CryptoQuant’s data revealed that the token’s Relative Strength Index was in an overbought position, which further increases the chances of a price dip in the days to follow.

Dogecoin [DOGE] has been exhibiting bullish behaviour in the past 24 hours, outperforming every other crypto on the top 10 list by market capitalization in terms of daily gains. At press time, DOGE was trading at $0.09028 with a market cap of more than $11.9 billion, and its price had increased by over 5% in the last 24 hours.

Analytics and market indicators have been bullish for the crypto. Dogecoin’s Fear and Greed index shifted to the greed side, and CryptoQuant’s data revealed that the token’s Relative Strength Index was in an overbought position. This increases the chances of a price dip in the days to follow.

WhaleStats reported that DOGE was on the list of the top 10 most purchased tokens among the top 100 BSC whales in the last 24 hours. This further solidifies the bullish sentiment around the coin. Additionally, Robinhood recently announced that it was working on providing support for DOGE in its new Robinhood wallet, which could be another reason for the surge in DOGE’s price.

All in all, DOGE’s market capitalization and daily gains have been impressive, and the bullish sentiment around the coin is strong. However, investors should be aware of the fact that the RSI and Fear and Greed index are pointing to a potential price dip in the days to follow. Therefore, it is important to keep an eye on the market and make informed decisions.

• Ethereum’s [ETH] staking activity reached an all-time high of 16,042,407 ETH in the ETH 2.0 deposit contract.
• The total number of validators on the ETH network increased by 0.61%, with the annualized reward rate estimated at 3.8%.
• Whale transactions witnessed a significant surge, with the percentage of eligible tokens staked being 13.87%.

Ethereum’s [ETH] staking activity continues to surge, reaching an all-time high of 16,042,407 ETH in the ETH 2.0 deposit contract. This represents a substantial increase since 6 January, when developers announced that the Shanghai Upgrade, which will enable the withdrawal of staked ETH, will go live in March 2023.

The bullish cycle also witnessed ETH sprint towards its pre-FTX market cap levels, with the number of validators on the ETH network steadily increasing by 0.61% over the seven-day period, according to data from Staking Rewards. The annualized reward rate or the reward that validators can expect to earn per year was estimated at 3.8%, making ETH staking an attractive option for investors.

Whale transactions also witnessed a significant surge, with the percentage of eligible tokens staked standing at 13.87%. This is significantly lower than other popular chains like Cardano [ADA] and Solana [SOL], both of which have a staking ratio of over 70%.

Notwithstanding the 1.3% drop observed in ETH’s price at the time of writing, the king of altcoins made a remarkable recovery since the FTX contagion hit the crypto market. The revenue from transaction fees also shot up by almost 24%, further highlighting the lucrativeness of ETH staking.

It is likely that more whales will continue to show interest in ETH in the coming days, as the total value of ETH staked and validators on the network witnesses further growth.

• Cosmos (ATOM) has broken past the $10.6 resistance, setting it up for a potential rise to $15.4 and $17.
• The 12-hour chart shows that the market structure has flipped to bullish, with the $10.6 and $11.5 levels acting as important supports.
• A pullback to the $12 or the $11-$11.33 area could present a buying opportunity.

Cosmos (ATOM) has recently seen a surge in its price, smashing its way past the $10.6 resistance which had been a large obstacle for the bulls since mid-November. This move higher was likely fuelled by the growth of Bitcoin, which itself is back above the $20k mark. With this newfound momentum, ATOM could potentially be on its way to reach the long-term resistance levels at $15.4 and $17.

Looking at the 12-hour chart, the bullish break of the order block (highlighted in cyan) at the $10.6 level has flipped the market structure to the bull’s favour. With the $10.6 and $11.5 levels acting as important supports, traders can look to buy into these levels if the price pulls back.

The 4-hour chart shows that the price of ATOM is currently consolidating at the $12 mark and between the $11-$11.33 area. A revisit to these zones would likely present a buying opportunity. It is also possible that ATOM could continue higher without revisiting these zones, but this is highly dependent on the performance of Bitcoin.

Overall, Cosmos has managed to break past a major resistance level, setting it up for a potential rise to $15.4 and $17. If the price pulls back, traders can look to buy into the $12 or the $11-$11.33 area. However, it is important to note that this is not financial advice and investors should always do their own research before making any investment decisions.