Yalla Crypto #18 - The Biggest Crypto DEXs in 2022 + Top Cryptos This Week
Global Headlines
The past seven days were, yet again, positive for most bullish investors, as the crypto market was on the rise once more. Most of the top crypto tokens secured decent gains, and even their smaller cap counterparts registered profits. In fact, many assets neared their monthly resistance levels, and some even got close to blasting through them outright.
General Market Performance
First off, let’s discuss how the market performed in general. Bitcoin (BTC), Ethereum (ETH), and numerous other altcoins closed the week with decent gains, some even reaching double-digit profits. Based on this, it’s safe to say that the general market outlook was positive last week, mostly due to the fact that there were no major updates or new, negative happenings in the global scene.
Avalanche (AVAX), The Winner of Last Week
Smart contract blockchain Avalanche (AVAX) was one of last week’s biggest gainers. AVAX, the versatile asset of the Avalanche ecosystem, recorded an excellent Week-on-Week (WoW) profit of over 24%, placing its valuation at over $28 per token.
Vitalik Buterin: NFT Transfers Could be Anonymous Soon
Ethereum co-founder Vitalik Buterin stated earlier last week that Ethereum-based NFT transactions could easily be anonymized by introducing stealth addresses to the class.
MENA Highlights
UAE Investors Bet on Indian NFT Startup as it Raises $3.2 Million?
Non-fungible token (NFT) focused startup, Artfi, has raised $3.26 million from several investors including Sheikha Hend Al Qassemi, a member of the ruling family of Emirate of Sharjah, and Raza Beig, director of Landmark Group, UAE.
UAE Biggest Discount Store to Start Accepting Bitcoin Payments
UAE’s popular discount store, Day to Day, has announced accepting payment in cryptocurrency. Day to Day is one of the oldest discount stores in UAE; it has grown since 1998 to 11 branches across the country.
UAE to Clamp Down on Crypto Real Estate Money Laundering?
The government of UAE announced in a statement that real estate agents will have to alert money laundering authorities of any property sales paid for in crypto.
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Weekly Market Performance
Top Reads
The Biggest Crypto DEXs by Volume in 2022
Decentralized Exchanges (DEXs) are trustless platforms that allow crypto-for-crypto trading for anyone. Be it an order book-style model, an automated market maker (AMM), or any other protocol... continue reading ?
DeFi of the Week: AAVE, The Crypto Loan Network
Contrary to ten years ago, banks are not the only organizations that individuals can borrow from. With the rise of DeFi, many projects started to introduce decentralized lending and borrowing, but... continue reading ?
Cryptos To Follow This Week: BTC, AVAX & more
The largest cryptocurrency by market cap closed a really great week, with gains exceeding 4.2% in just under seven days. Thanks to BTC’s overall influence, it pulled the entire crypto market with it... continue reading ?
How To Get Dividend-Like Passive Income Via Crypto
Dividend income, which is a form of profit redistribution to certain shareholders in the world of stocks, is usually not associated with crypto, but does that mean it is inaccessible for token... continue reading ?
Spotlight Topic
Regulars NFTs: An Up-And-Coming Unique Collection
What if the regularity of everyday life was combined with NFTs in a very irregular way? Regulars attempted to do just that, and they seemingly succeeded. In this article, we’ll introduce the Regulars, what they are all about, what makes them unique, and what’s next for the collection, as well as inform you about their price development and future potential... continue reading ?
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