Bybit Institutional Report 2024: Bullish Trends in Crypto Investments Sees 36% Surge in Q1
The report highlights the growing relevance of emerging blockchains. Their native tokens exhibit substantial growth, surpassing Ethereum.
The report highlights the growing relevance of emerging blockchains. Their native tokens exhibit substantial growth, surpassing Ethereum.
Scammers created a fake token with the same name, OMNI, to take advantage of the excitement surrounding the Omni token launch, which aims to connect Ethereum rollups.
The initial phase of this partnership will see Chiliz and the UAE Pro League explore a wide range of applications, including the development of a Web3-based fantasy football game.
Despite these positive developments, Hello Pal’s common shares are currently under a cease trade order due to the company’s failure to file audited financial statements.
Amidst this bearish trend, an on-chain analyst on X named AliChart has spotted a potentially favorable moment for investors to consider buying the LINK token.
Centrifuge platform announced its Series A funding round was led by ParaFi Capital and Greenfield with participation from a dozen other venture capitals.
The recorded investment in Web3 efforts increased considerably in Q1 2024 compared to figures from Q4 2023 as investor confidence heightens.
The announcement of the new partnership had an impact on both ADA and AGIX prices.
The launch of P2 Ventures’ investment funds came when interest in Polygon increased following the market resurgence after two years of massive downturn.
Upbit experienced interesting trading trends recently. Its daily volume dropped to $3.8 billion in early April, a notable decline from its March peak.
Since the inception of bitcoin in 2009, thousands more have sprung up with each of them having their distinctiveness. Bitcoin is often referred to as the king of cryptocurrency each of the other thousands of cryptocurrencies falls under the class of altcoins; be it Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), Litecoin (LTC), Monero (XMR), EOS (EOS), TRON (TRX), etc.
All altcoins have their uniqueness in the sense of how they are mined, their nature (whether or centralized or decentralized), underlying technology, speed of transaction, coin distribution mechanism, etc. Although bitcoin is always used as the yardstick when analyzing an altcoin, some altcoins outshine bitcoin in certain specs. Several altcoins are developed on Bitcoin’s framework.
Altcoins are sub-divided into three categories namely; stablecoins, utility tokens, and security tokens. For example, stablecoins such as Tether (USDT), Binance Coin (BNB), Gemini USD (GUSD), USD Coin (USDC), etc. are known to be less volatile than Bitcoin because they are pegged to fiat currencies. However, some altcoins fall under more than one of these categories. You will find more information in altcoin news category.
Altcoins are getting thumbs up from different quarters for playing a significant role in the expansion of boundaries of blockchain adoption and applications. For example, Ethereum is known for its robust blockchain that enables faster transaction time as well as the creation of decentralized applications (dApps). At the time of launch, most altcoins sell themselves as better alternatives to existing ones and usually attempt to improve on the setbacks of known altcoins.
According to CoinMarketCap, there are over five thousand digital currencies in April 2020 although BTC has a staggering 64% dominance in the crypto market. As a crypto investor and enthusiast, stay tuned to coinspeaker.com to get the latest altcoins news around the world to keep you updated and geared up in the crypto space.