Will's Take: cryptocurrency news, trends, and calls
Liquid staking market for Bitcoin approaches a $4 billion TVL, with Lombard Finance maintaining a prominent position.
Hop on board the crypto train, gang! This week, Ethereum has broken out, witnessing a surge in bullish momentum as cost basis support strengthens. Meanwhile, Arbitrum protocols have pulled in a substantial $5.5M in revenue, despite a slight monthly dip.
Ethereum Breaks Out
Ethereum, the second-largest cryptocurrency by market cap, has left the bears in the dust as it breaks above the $3,000 resistance level. This bullish action, together with a steadily strengthening cost basis support, paints a promising picture for ETH's short-term future. You better believe it; we might just be in for another leg-up.
Arbitrum Protocols Generate $5.5M in Revenue
Now, let's take a peek at Arbitrum, the popular layer-2 scaling solution for Ethereum. Despite a slight drop in revenue month-on-month, Arbitrum's protocols managed to rake in a cool $5.5M last month, experiencing growth over the last quarter.
Now, aren't you kicking yourself for not jumping aboard the Arbi train sooner?
Who Is Will Izuchukwu?
Will Izuchukwu? I'm just your friendly neighborhood SEO expert and news/content writer, dabbling in all things crypto and blockchain. My experience in flipping trending topics and digging up credible articles throughout the (digital) mining fields is second to none. So, buckle up; it's gonna be a wild ride.
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While I make every effort to provide credible and timely information, the content of this newsletter is intended for informational purposes only and should not be construed as financial advice. Always do your own research before investing.
Sources:
- [1] Bitcoinist
- [2] CoinDesk
- [3] Decrypt
- [4] CoinTelegraph
- [5] The Times of Nigeria (SEARCH RESULTS)
- As Ethereum surges and breaks above the $3,000 resistance level, it's worth considering decentralized finance (DeFi) investment opportunities within the flourishing crypto ecosystem.
- The Arbitrum protocols, despite a slight dip in monthly revenue, continue to generate significant returns, raking in $5.5M last month, making it a potential candidate for crypto investment consideration.
- Investing in cryptocurrency, whether it's Ethereum, Arbitrum, or any other promising digital asset, requires understanding the underlying blockchain technology and staying up-to-date on the latest finance news and trends.
