Category: Altcoins

Grayscale Investments Clears Out XRP in Its Digital Large Cap Fund

Grayscale has sold all of its XRP holdings to purchase bitcoin, ether, and other crypto assets. In an announcement made earlier today, Grayscale made it known that the firm has sold all of its XRP tokens from the Digital Large Cap Fund. Grayscale Sells Off All XRP Holdings There appears to be more gloom for…

January 5, 2021
Altcoins explode higher: Synthetix, Uniswap, and more rally by over 20%

“Altcoin season” may have begun as coins aside from Bitcoin and Ethereum take center stage, outperforming strongly against BTC and the U.S. dollar. Nearly every cryptocurrency in the top 100 by market capitalization is up in the past 24 hours, save for Tron (TRX), NEXO, stablecoins, and Siacoin (SC). Ethereum has also started to outpace…

January 5, 2021
Here are some of the big projects coming to Polkadot (DOT) in 2021

After signing off on an action-packed year, Polkadot is gearing up for an even more eventful 2021. We take a look at some of the projects that are set to launch on the blockchain platform this year, as well as a few major updates to the networks that are set to see the light of…

January 5, 2021
There could be a one million Cardano (ADA) wallets created in 2021

The number of new ADA wallets has skyrocketed in the past month, with an average of 64 wallets created every hour between Dec. 16 and Jan. 4. Using the data, projections have shown that there could be a million more ADA wallets created by the end of 2021, making Cardano one of the fastest-growing blockchain…

January 4, 2021
Layer-2 scaling project Loopring (LRC) shoots over 50% higher amid Ethereum network congestion

As the entire crypto market has slingshotted higher over the past day, the Ethereum network has become congested. The average gas fee that users were paying yesterday evening was close to 500 Gwei, meaning that just to send ETH from address to address cost $10. To put 500 Gwei into context, here are a few…

January 4, 2021
SushiSwap (SUSHI) trading volumes hit fresh all-time high as DeFi market heats up

It appears that the decentralized finance (DeFi) boom is back after a multi-week hiatus. Ethereum gas fees have once again returned to the levels seen in the summer while DeFi coins such as AAVE, Yearn.finance’s YFI, SUSHI, and more, have begun to outpace Bitcoin by a fair margin. Usage of DeFi platforms, too, has begun…

January 3, 2021
Ethereum (finally) takes the lead with a 25% rally as Bitcoin stalls at $33,000

While Ethereum appreciated over December, the leading altcoin has largely underperformed Bitcoin. On days when BTC rallied 5-8 percent in a single day in December, Ethereum was sometimes flat, consolidating around key support levels as capital was focused on Bitcoin. Many attribute this to the institutional support for the crypto market, which aggregates in Bitcoin…

January 3, 2021
Can’t Keep a Good Dog Down: Meme Token Dogecoin Spiked Over 500% This Year

The leading cryptocurrency bitcoin has crossed new all-time highs (ATH) in 2020 and into 2021 as well. However, many other digital assets have a long way to go to reach the ATH they experienced three years ago in 2017. Although one particular older cryptocurrency, the popular meme token Dogecoin is nearing its 2017 ATH, well…

January 3, 2021
Crypto market cap reaches ATH of $883 billion—is an alt season coming?

The market capitalization of all crypto assets in the global market combined have reached an all-time high above $883 billion. The bull run has been primarily fueled by the strong momentum of Bitcoin and Ethereum. While many alternative cryptocurrencies lagged behind BTC, Ethereum has been one of the few trailing BTC’s uptrend. Following the rally,…

January 3, 2021
The Rise of Layer 2s Spells End for Altcoins

Bitcoin is no longer limited to a single chain, meaning altcoins like ether are trending towards irrelevancy, says the neuroscientist and DeFi entrepreneur.

January 3, 2021