It’s undeniable that Bitcoin (BTC) and Ether (ETH) are currently the two most dominant cryptocurrencies, and as a result, they receive most of the attention from the mainstream media, institutional investors and retail investors, but this doesn't mean that the sector leaders are not occasionally challenged by competitor networks. Two forked projects that once sought to challenge Bitcoin and Ethereum for their seats at the top are Bitcoin Cash (BCH) and Ethereum Classic (ETC). In the past week, both coins have demonstrated that they are still capable of generating excitement and producing big gains. Data from Cointelegraph Markets and TradingView …
Dogecoin (DOGE), the meme-based altcoin that has become a favorite talking point of Elon Musk, has doubled in 24 hours to hit all-time highs of $0.29. DOGE leaves others in the dust Cointelegraph Markets Pro and TradingView showed DOGE/USD outperforming other major cryptocurrencies by an order of magnitude on Friday. In what appears an almost unbelievable move, Dogecoin has also become the eighth-largest cryptocurrency by market capitalization, surpassing Litecoin (LTC), Chainlink’s LINK and Uniswap (UNI), among others. At the time of writing, a single DOGE was trading at around $0.25. Gains on any timeframe remained beyond impressive — 80% on …
Three of Cathie Wood’s ARK exchange-traded funds bought nearly $246 million worth of Coinbase Global Inc. (COIN) shares on its listing day. Another fund, Amplify Transformational Data Sharing ETF (BLOK) also purchased COIN stock. These purchases show that ETFs are eager to buy into the crypto growth story. However, Blackrock CEO Larry Fink has a different point of view. Fink said that institutional investors were fascinated by crypto but that did not translate into demand from institutions worldwide. One of the reasons for the fascination not turning into demand could be the sharp rally in Bitcoin and other cryptocurrencies. A …
While the past year has been marked by the rise of decentralized finance (DeFi), centralized entities like Coinbase and Binance continue to be some of the most important players in the industry as a whole, as they are essential in attracting attention to promising projects and pave the way for wider adoption. One protocol that has taken advantage of the "Binance bump" over the past week is IOST, a fully-fledged decentralized blockchain ecosystem that utilizes a unique proof-of-believability consensus protocol. Data from Cointelegraph Markets and TradingView shows that the price of IOST has rallied 88% over the past week, going …
The price of Dogecoin (DOGE) has rallied by more than 123% this week, hitting a new all-time high of $0.13 on strong technical momentum. It has been competing against Chainlink’s LINK for the top-10 spot, with both cryptocurrencies hovering at around $17 billion in market capitalization. There are three major reasons why DOGE saw a steep climb over the past seven days. These include Elon Musk’s tweets, the resurgence of altcoins and the positive sentiment around crypto in general. Altcoin market rallies strongly with positive sentiment Throughout the past week, many of the “OG” altcoins, such as XRP, Tron (TRX) …
As mainstream cryptocurrency adoption increases and more users start transacting on blockchain networks, the need for fast, scalable protocols becomes even more apparent as transaction costs and confirmation times continue to increase. One protocol that has seen significant gains over the past month as new individuals and organizations continue to flood into blockchain is Elrond (EGLD), “a highly scalable, fast and secure blockchain platform for distributed apps, enterprise use cases and the new internet economy.” Data from Cointelegraph Markets and TradingView shows that since reaching a low of $115 on March 25, the price of EGLD has rallied more than …
The price of Dogecoin (DOGE) experienced a strong 36% rally on April 13 and established a new all-time high at $0.0961. While the exact reason for the rally is unknown, the crypto market's most popular meme coin now finds itself on the shortlist of cryptocurrencies being considered as a payment option in today's post-pandemic business reopenings. Data from Cointelegraph Markets and TradingView shows that DOGE rose 36% from a low of $0.07 in the early hours on April 13 to an intraday high of $0.0961 on $5.4 billion of trading volume. Price growth for Dogecoin has become one of the …
The mainstream adoption of blockchain technology continues to pick up steam as stories like Microstrategy using Bitcoin (BTC) to pay bonuses for its board of directors and Topps announcing plans to release nonfungible token collectible trading cards make headlines on a almost daily basis. As more companies and organizations explore what the integration of blockchain technology can do for them, tokens that offer enterprise solutions and provide simple ways for interested parties to explore and use distributed ledger technology have seen triple-digit gains in 2021. Stellar (XLM), XRP, and XinFin Network (XDC) are three enterprise-focused cryptocurrencies that have seen their …
Over the past six months, blockchain projects that have issued token airdrops have reemerged. Most notably, the airdrops of MEME and Uniswap's UNI will be remembered, as recipients were rewarded with gains ranging from $20,000 to $600,000 simply for holding the tokens. One Ethereum competitor that has seen numerous projects launch with airdrops in the past three weeks is Solana, an open-source project that focuses on utilizing blockchain technology to provide decentralized finance (DeFi) solutions. While Solana isn’t explicitly making a concerted effort to launch these projects, the protocol’s main decentralized exchange, Serum, was responsible for the recent COPE airdrop, …
Real-world partnerships and integrations into thriving industries are some of the best forms of validation for blockchain projects that are seeking long-term sustainability and widespread adoption. They also have the ability to spark rallies that trigger long-term price appreciation as brand awareness spreads. Since February enterprise-level adoption and a wide array of use cases have worked in favor of VeChain (VET), a blockchain-powered supply chain platform that seeks to use distributed governance and Internet of Things (IoT) technology to optimize supply chain management systems. Data from Cointelegraph Markets and TradingView shows that the price of VET has increased more than …
The internet has reshaped society over the past 40 years, and experts are predicting that digital technologies and artificial intelligence will continue to transform how humans interact with data for the foreseeable future. One AI-focused cryptocurrency project that has seen tremendous growth since the beginning of 2021 is SingularityNET and its talented humanoid robot named Sophia. AI developers can utilize the SingularityNET platform to create, share and monetize their services through its AI marketplace, which allows users to browse, test and purchase those services using SingularityNET's native AGI token. Data from Cointelegraph Markets and TradingView shows that the price of …
Nonfungible tokens (NFT) have handsomely rewarded early investors over the past few months, especially as they gained mainstream attention thanks to record-breaking digital art sales and well-known influencers like Paris Hilton throwing their support behind the sector. April has seen the hype behind NFTs quiet down some, but the recent growth in Waves (WAVES) shows that there is still plenty of excitement remaining in the cryptocurrency community for newly released NFT projects. Data from Cointelegraph Markets and TradingView shows that the price of Waves has increased 320% in 2021, climbing from a low of $4.86 on Jan. 4 to a …