By
Godfrey Benjamin
May 13th, 2024
The booming trend is observed among all cyptocurrencies – Bitcoin and Ethereum set new all-time highs every single day. Here are latest updates from the cryptocurrency market!
The overall trend in Ethereum price remains booming. Its price has reached its top of $103. Now, the cryptocurrency is traded at $99.35. The market capitalization makes up $8,986,674,163.
Yesterday, the updated Ethereum Name Service (ENS) was launched by Nick Johnson and Alex Van de Sande, the Ethereum Foundation developers. ENS was initially opened on March 10, but it failed to operate successfully after two critical bugs popped up. The registrar was disabled to fix the problems. Now, the team has identified and documented the issues. The updated version that is also temporary was unveiled.
The team is planning to replace the initial registrar with a permanent one in the next two years. This period will provide time for the system to mature and will allow developers to observe how it operates.
Bitcoin surpassed the 1,500$ barrier yesterday, now the price makes up $1,611.81.
The bullish trend is observed among all the cryptocurrencies. The price of each of the top 10 cryptocurrencies as listed by market capitalization has increased of at least 8% today.
“There has never been such a great market for altcoins as we have today,” said Mr. Wei Tseng, Director of Operations at Altcoiner, in an interview to Coinspeaker. “More and more countries are switching to decentralized applications or realize smart features that each of the top Altcoin might bring along, so it contributes to an amazing jump in coins value that we have already seen this year.”
AltCoiner was launched in Hong Kong in 2013 under the umbrella of Alternative Limited (Company No. 2012774). The company offers international investors a chance to tap into an ever growing market of alternative coins using the most popular cryptocurrency of today – Bitcoin.
AltCoiner allows its customers to receive good returns by investing Bitcoins into different alternative coins. The company deals mainly with 4 most valuable altcoins in the market: ether (ETH), Monero (XMR), Dash (DASH) and Zcash (ZEC).
“Our strategy is to continue investing Bitcoins into core altcoins – Ethereum, Dash, Monero, Ripple & Zcash to gain the short to mid-term profit and build up our crypto portfolio,” said Mr. Wei Tseng. “Altcoiner has been an amazing investment vehicle for anyone who longs for stable and decent returns from their Bitcoin funds. We are committed to making it a top investment program for Bitcoin users within 1-2 years. It’s an ambitious goal, but we have the resources to make it happen.”
Coinbase has recently announced support for litecoin. It will become the third cryptocurrency available on the platform. Users will now be able to purchase, sell and store the new virtual currency using Coinbase app or via the exchange’s website.