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DeFi protocol TitanSwap (TITAN) slides 13%

DeFi protocol TitanSwap (TITAN) slides 13% on July 5, 2022: The price of the TitanSwap (TITAN) DeFi protocol again can't stabilize at the start of this trading week and slips in the last 24 trading hours.

By Finst News
• 2 min read
DeFi protocol TitanSwap (TITAN) slides 13%

DeFi protocol TitanSwap (TITAN) slips 13%

July 5, 2022: TitanSwap's price cannot stabilize at the start of this trading week and is down another 13 percentage points in the last 24 trading hours. In a weekly comparison, the price drop is even bigger. Over the last seven trading days, TITAN's price has fallen by 69 percentage points to $1.50.

Amid the uncertainty surrounding lending protocols, many DeFi coins have fallen hard in value in recent weeks. If TitanSwap breaks below the support level of $1.38, it could slide back to the March 2022 low of $1.10.

BlockFi rescue sends Celsius Network (CEL) up 26%

July 3, 2022: Despite the danger of a possible bankruptcy at the lending platform Celsius, the price of the Celsius token (CEL) has recovered 26% in the last 24 trading hours. Positive news about a potential takeover of the rival BlockFi by the U.S. crypto exchange FTX has currently had a positive effect on CEL's price action. In recent trading days CEL has moved higher from its weekly low of $0.53 and is now trading just over 42% higher at $0.76. However, it remains far from certain whether Celsius can avert a bankruptcy. Goldman Sachs has signaled it intends to acquire Celsius's assets in the event of insolvency.

Evmos (EVMOS): A newcomer leads the day’s winners

July 2, 2022: The price of the Evmos (EVMOS) cryptocurrency has been holding up well and rose 17% over the last 24 trading hours. Evmos is a scalable proof-of-stake blockchain that is fully compatible and interoperable with Ethereum. Evmos aims to implement Ethereum-based applications (dApps) in Cosmos's interoperable ecosystem (ATOM). If EVMOS can stabilize above $2.25 in the coming trading days, the early-June high of $3.50 comes into sight as a price target.

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