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XLM price is playing catchup to XRP's March gains, quickly rising 25% versus the U.S. dollar while the XLM/XRP pair bounces from record lows. The price of Stellar (XLM) rebounded 15% versus its arch-rival XRP (XRP) two days after the XLM/XRP pair set a record low of 0.181. Notably, the XLM/ XRP pair rose to its intraday high of 0.20 XRP on March 31, a move that coincided with a decoupling between Stellar and XRP in the U.S. dollar market. For instance, XLM's price has jumped over 11% since March 29 versus XRP's 3% decline. XLM/XRP weekly price chart. Source: TradingView XLM price eyes 10% gains versus XRP in April On a broader timeframe, XLM has dropped 89% versus its peak of 1.655 XRP in January 2021. Interestingly, the peak formed a month after the U.S. Securities and Exchange Commission sued Ripple for allegedly selling securities in the form of XRP tokens.  The SEC vs. Ripple case is now nearing its conclusion with legal experts favoring a win for Ripple. Meanwhile, ...

SOL price has been unable to close above a key resistance level of around $17.50 despite its big rebound in the past two weeks. Solana (SOL) price is up an impressive 60% since the new year, partially boosted by hype surrounding meme cryptocurrency Bonk (BONK). However, the SOL/USD pair now shows signs of exhaustion, raising anticipations that the token may see a short-term correction in the coming days. Solana turns overbought Solana is one of the best performing cryptocurrencies so far in 2023 after being one of the biggest losers in 2022.  On Jan. 9, SOL's price jumped to as high as $19.50, or around 120% gains in a recovery rally after sliding below $8 on Dec. 29, 2022. But the price spik also turned Solana into an overbought asset, per its daily relative strength index (RSI) reading above 70, as shown below. SOL/USD daily price chart. Source: TradingView Traditional investors typically see an overbought RSI as a potential sell signal, given the indicator has historically coin...

ShibaSwap is a decentralized exchange platform launched to expand the utility and capabilities of the SHIB token ecosystem. ShibaSwap is a DeFi platform featuring decentralized exchange (DEX) and passive income-generating services like staking, liquidity pools, and yield farming in its ecosystem. Launched in July 2021, ShibaSwap is a fork of SushiSwap, a popular DEX tweaked from Uniswap (UNI), the world's leading DEX by volume. But unlike its rivals, ShibaSwap's core purpose has been mostly about boosting the utility of Shiba Inu tokens. What are Shiba Inu tokens? ShibaSwap uses three main tokens, namel Shiba Inu (SHIB), Doge Killer (LEASH), and Bone (BONE). Let's discuss them in detail as follows. Shiba Inu (SHIB) Shiba Inu (SHIB) is a Dogecoin-inspired meme-coin created in August 2020 by the pseudonymous "Ryoshi." During its ICO, the founder(s) distributed one quadrillion SHIB, with half allocated to Ethereum co-founder Vitalik Buterin. Later, Buterin donated 5...