This news section spotlights emerging altcoins, project updates, tokenomics changes and ecosystem developments driving innovation in DeFi, Web3 and digital assets. Keep track of the next wave of digital currencies before they make headlines—and gain insights that matter in the altcoin sector.
The dip in Bitcoin price today is arguably one of the coin’s worst performances in the past few weeks and emotions amongst investors in the market following this dip are high.
With nearly 70% of the total ADA supply being staked, Cardano takes the lead over Polkadot to become the largest decentralized PoS blockchain network. Also, Cardano’s ADA is now the seventh-largest cryptocurrency by market cap.
Shortly after Larimer’s resignation became public, EOS dropped by 18%. At press time, EOS is trading at $2.74 which shows a 30% drop.
Ethereum (ETH) is expected to approach its new all-time high of over $1400. With this Ethereum’s 2021 returns so far stand at nearly 80%.
The introduction of EGG can make it a lot easier for everyone to explore different DeFi yield farming options, staking, and so forth.
Besides monetizing in-game currency, the DigitalBits blockchain can enable real-time payment transfers around the clock, resolve issues in global tournament payouts, enhance fan engagement, and support programmable incentives for gamers.
The Ripple executives view these XRP-related issues with the SEC as an attack on the entire cryptocurrency ecosystem.
Despite its short-term volatility Bitcoin has demonstrated a long-term bullish trend. As of early January 2021, if you had bought Bitcoin at any point in the years prior and held until today, you would now be in profit.
Having hit a new all-time high of $38,280, Bitcoin is now trading at around $37,950 showing a growth of more than 8% in the past 24 hours.
The cryptocurrency market is still northbound as Bitcoin sets new ATH every other week.
However, the total number of Ethereum locked up in DeFi plunged from 9.4 million ETH in mid-late October to the current 6.8 million ETH locked up at the time of writing.
ETHE shares started to plummet on December 24, when it lost over 18% within 24 hours while Ether had seen a drop of just 3% within the same period.
The UK-based investment giant has stated that it plans to redeem its Series C stock as per the “contractual right”. Thus, it asks regulators to prevent Ripple from using its cash or other liquid assets until it clears the dues. Ripple says the lawsuit by Tetragon holds no merit.
It is said that for the average person in Sweden the introduction of the e-Krona would make payments “as easy as sending a text”.
DLC Fund-authorized participant Genesis Global Trading announced that all XRP transactions would be suspended on January 15, 2021.