Category: Altcoins

Two DeFi coins THORChain (RUNE) and REN break out of slumber with 10% rallies

DeFi altcoins have been hammered hard over the past few weeks despite immense strength in Bitcoin, which has subsequently been reflected in Ethereum’s price action. Top coins such as Yearn.finance (YFI), Aave (AAVE), Balancer (BAL), 0x (ZRX), and more, are down by a handful of percent over the past seven days. For context, Bitcoin has…

December 29, 2020
Polkadot Surges After Binance Home Page Listing, $10M Endorsement

Binance announced a $10 million fund to support projects that are built on top of the Polkadot ecosystem.

December 29, 2020
2017-era altcoins Zilliqa (ZIL) and VeChain (VET) rocket higher amid Bitcoin boom

As has become the norm over recent months, Bitcoin has become all the rage as it has shot higher. On the week, the leading cryptocurrency is up 13 percent, outpacing almost all cryptocurrencies in the top 100 by market capitalization aside from a small number group of coins. What’s interesting about these coins is that…

December 27, 2020
Zero to $318,000: Proponents and Detractors Give a Variety of Bitcoin Price Predictions for 2021

While bitcoin has jumped well above the $26,000 zone, a number of crypto proponents are extremely bullish for the crypto asset’s performance in 2021. During the last year, a number of pundits, experts, luminaries, and speculators have predicted bitcoin’s 2021 value after the digital currency has experienced a phenomenal year in 2020. 2021 Bitcoin Price…

December 26, 2020
SushiSwap’s SUSHI rapidly drops 50% from $2.30 to $1.10 amid crypto crash

As some crypto traders on Twitter put it, SushiSwap’s native SUSHI coin just experienced its own Mar. 13. For those without context, Mar. 13 was the day that Bitcoin capitulated from the daily highs of around $8,000 to lows near $3,500 in the span of that day (and then some). Today, SUSHI capitulated from around…

December 24, 2020
Synthetix DeFies odds, surges 30% despite Ethereum drop from year-to-date highs

For most of the past 48 hours, the crypto market was blood red. Bitcoin had dipped from $24,300, its weekend highs, to $21,800 at the local lows, as Ethereum slipped under $600 for the first time in many weeks. This move resulted in a strong move lower in many smaller-cap altcoins, which fell against the…

December 23, 2020
XRP Token Plunges Nearly 40% Following the Announcement of SEC Charges Against Ripple

Ripple’s XRP has lost almost 40% of its value after the token price dropped from $0.51 on December 21 to $0.31 at the time of writing. The token’s plunge appears to be the result of legal proceedings initiated against Ripple by the US Securities and Exchange Commission (SEC). At the time of writing, the fourth-ranked…

December 23, 2020
IOHK’s new KEVM devnet opens up Cardano for Ethereum developers

IOHK announced that Solidity, a programming language for writing smart contracts on Ethereum, is now compatible with the Cardano blockchain through an interoperable platform that uses Ethereum’s native code. The company has also restarted its KEVM devnet program, which enables the Ethereum Virtual Machine to run with Cardano’s K-framework. Cardano is gearing up for an…

December 22, 2020
Even after 400% rally, analysts are still excited about DeFi protocol SushiSwap

SushiSwap’s native token SUSHI, even after the recent drop, is up strongly since the lows seen in October. From its all-time low price of just over $0.50, the cryptocurrency has shot as high as $3.00. Even at the current price of $2.65, it is up by over 400 percent since the lows. Chart of SUSHI’s…

December 22, 2020
Side-Chaining $3 Billion in Value: There’s More Than 141,000 Tokenized Bitcoins Issued on Ethereum

According to onchain statistics, there is a colossal amount of bitcoin, approximately 141,231 bitcoins or $3.3 billion at the time of publication locked into Ethereum-based tokens. There are roughly seven different wrapped or synthetic bitcoin tokens but the Wrapped Bitcoin project has the lion’s share of coins with 115,411 under custody. At the time of…

December 21, 2020