DeFI News by Thebittimes.Com

The Sei price soared 23% in the last 24 hours to trade at $0.4645 as of 03:55 a.m. EST on trading volume that skyrocketed 239% to $579 million. The pump made SEI the top gainer among the biggest cryptos by market capitalization, according to CoinMarketCap. Sei Price Could Continue Soaring The Sei price has experienced significant pressure from the bulls and bears since August, as it formed a double bottom pattern, with the bulls struggling to push the price of Sei above the $0.32 resistance, according to data from GeckoTerminal . SEI has finally soared above the resistance, with the token now on a sustained bullish stance. The price of Sei eventually crossed above both the 50-day and 200-day Simple Moving Averages (SMAs), supporting the asset’s current bullish outlook. Moreover, the Relative Strength Index (RSI) is also soaring above the 70-overbought region, currently at 82, indicating that the asset is under intense buying pressure, with the asset being overvalued. Meanw...

The Toncoin price is down more than 18% over the past week after a 4% loss in the past 24 hours to trade at $4.57 as of 11:38 p.m. EST.  During the past trading session, the crypto fell from an intraday high of $4.83. Trading volumes for the altcoin also plunged more than 10%, and stand at around $310 million. The Toncoin Price Is At A Critical Point 4-hour chart for TON/USDT (Source: TradingView ) The Toncoin price is resting on the critical support level at $4.543. Should it drop below this technical safety net in the next 12 hours, the altcoin could be at risk of plunging to the subsequent mark at $3.997 in the short term. However, TON maintaining a position above the $4.543 support for the next 12 hours could invalidate the bearish thesis. In this alternative scenario, traders will likely identify the crypto’s current levels as a long opportunity. This potential buy pressure could then lead to the Toncoin price flipping the $4.996 resistance level into support. Th...

Since its debut in April 2019, Solana has made great strides in the DeFi, NFT, and Web3 sectors. In Solana, there are hundreds of projects in progress, and there will be more shortly. The company’s key selling point is “low cost, forever,” according to the website of Solana. The network and various blockchains, including Ethereum, are directly competing with one another. Solana in a Nutshell As an open-source blockchain technology with web-scale capabilities, Solana enables developers and organizations worldwide to build decentralized apps (DApps) with faster transaction speeds. This blockchain platform was built by its designers to offer the essential framework for high-performance decentralized apps. By utilizing cutting-edge computational technology, it can handle a high number of nodes and scale transaction throughput proportionally while also utilizing network bandwidth. To increase performance and scalability, Solana uses a combination of proof-of-stake (PoS) an...