Technicals for the XLM/USD and XLM/BTC pairs show bullish trend metrics. Both pairs are above their respective 200-day EMAs and daily Cloud levels.
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Yearn Finance has quickly expanded its services over the past 120 days, just as DeFi yields have begun to cool across the board. With many copycat protocols quickly being spun up in recent days, the project will likely maintain a first-mover advantage in the months to come.
Following the first Zcash block reward halving, which occurred earlier this week, the ZEC founders' reward which was a part of every block mined was removed. The reward that accounted for 20% of the block reward was continually paid to early investors, funded coin development, and was used to promote the Zcash ecosystem.
The 30-day Kalichkin network value to on-chain transactions ratio (NVT) and The market cap divided by the realized cap (MVRV), which are both inversely related to on-chain activity, suggest decreasing or stagnant on-chain utility relative to market cap in the past few weeks.
As more and more non-compatible blockchains, APIs, and datasets begin to emerge, so has the need to bring interoperability to the on-chain and off- chain worlds. LINK aims to solve this problem through a decentralized oracle network of node operators, incentivized to propagate accurate data by staking LINK.
On-chain fundamentals for XRP have been difficult to read because of a recent spam attack and funds rotating in an out of escrow. Technicals for the XRP/BTX pair are bearish and for the XRP/USD pair suggest a Golden Cross may be surpassed by a Death Cross.