Author: hotcrypto
The DEPO crypto token is a perfect example of how the entire market doesn’t move in unison. Since hitting its all-time high in November, Bitcoin has retreated close to 40% in value. Ethereum is down around 34% during that some time frame. And Solana is down a whopping 46% in value.However, the relatively new DEPO token is up a staggering 1,058% since early November. But to be fair, DEPO is still a penny crypto. It’s trading for around $0.16 a token. And its self-reported market cap is just over $48 million. (By comparison, the market cap of Bitcoin is upwards…
Cape Coral, FL, Jan. 08, 2022 (GLOBE NEWSWIRE) — Over the course of the past decade, the world has seen a dramatic shift on several fronts, changes that affect millions of people on a daily basis. One of these has been the decreased stigma around marijuana, and the subsequent decriminalization and legalization afterwards. The other is the advent of cryptocurrency. Now, a project emerges that seamlessly links the two, dipping its toes into two burgeoning markets to create a remarkable product. That project is TOKE. Created by the same team as the PICNIC Launchpad, Cheems Inu, MicroMachines / Warbots, and Metavault,…
Welcome to the latest edition of Cointelegraph’s decentralized finance newsletter.A week packed with positive advancements in the DeFi space including nine-figure fund raises, successful product launches and soaring token prices was somewhat tarnished by the news of two severe security exploits. Read on to get the full scope of developments across the week.What you’re about to read is the smaller version of this newsletter designed for brevity. For the full version of DeFi’s developments over the last week, drop your email below.Borderless Capital launches $500M fund to support Algorand ecosystemCapital venture firm Borderless Capital announced the launch of ALGO Fund…
Goat listing Mr Prince’s www.meme-tools.com website gave Shiba Slap a five goat rating compared to Elon Musk’s favored DOGECOIN. NEW YORK (PRWEB) January 07, 2022 (Press release – Source Shiba Slap) – A new cryptocurrency on the Binance Smart Chain has found itself in a legal battle* after having its token listed on the http://www.meme-tools.com website. Shiba Slap ($SLAP) is a new meme token, which had applied to be listed on the new memetools application developed by the DogeBonk token, when it was approached by Mr. Prince, a person promising fortune and a listing on memetools in exchange for…
The last 12 months have taken crypto investors for a wild ride. The market plunged in May, shedding 50% of its value in a matter of weeks. Then the frenzied enthusiasm returned, sending the crypto market to new highs in November. Unfortunately, the tide has turned once again. The collective value of all cryptocurrencies currently sits at $2 trillion, a third below its all-time high. However, there is a silver lining for long-term investors. Decentralized finance (DeFi) applications — products that feature programmable money, making it possible to borrow, lend, and earn interest without going through a bank — make…
What happened Popular oracle network Chainlink (CRYPTO:LINK) had soared by 33.4% since last Friday’s close, as of 7:30 a.m. ET. on Jan. 7. That was among the largest weekly moves among the top 20 cryptocurrencies, and took place during a particularly challenging period for many top tokens. Much of Chainlink’s rise has been attributed to the utility this oracle network provides the crypto sector in general. As an oracle network, Chainlink allows for off-blockchain data such as price feeds to be incorporated into the decentralized finance (DeFi) sector, particularly decentralized and centralized exchanges. This infrastructure is critical to the healthy functioning of…
At press time, Cardano’s ADA was the sixth biggest crypto by market cap and was changing hands at $1.24. This was after a 0.51% drop in the past 24 hours and a 7.20% drop in the past seven days. This was quite a change from its status earlier in 2021, when Cardano was the third biggest crypto by market cap, and Ethereum’s largest competitor. However, according to a crypto researcher, there are still plenty of reasons to keep an eye on ADA. Late to the train? Crypto reviewer and researcher Max Maher did not mince his words when pointing out…
Bitcoin Cash (BCH) has been relatively less volatile than the crypto market according to a recent analysis of the market. So far Saturday, the Digital Money has dropped 0.33% to $454.03. InvestorsObserver is giving Bitcoin Cash a 8 Volatility Rank. Find out what this means to you and get the rest of the rankings on Bitcoin Cash! Low Volatility InvestorsObserver gives Bitcoin Cash a low volatility rank of 8, placing it in the bottom 8% of cryptos on the market.The Volatility Gauge takes into account meaning that one day won’t make or break its rank. BCH’s low volatility reading is…
Bitcoin, Solana, Avalanche, Cardano, Binance Coin – Here’s Why These Crypto Maybe The Best Choice For 2022 by Analytics Insight January 8, 2022 The list of cryptocurrencies that might do well in 2022 is long, but some are almost obvious they will perform well this year. This list has some of the highly potent cryptocurrencies that might make the best choice for 2022 and why: Bitcoin Bitcoin is almost a guarantee that it might do well in 2022. It is the largest cryptocurrency and has been bullish for the last 3 years. 2021 is the year Bitcoin recorded the highest…
This week Google Trends shows that the acronym NFT, which stands for non-fungible token, has reached a score of 100, the highest score a search query can get from the data analytics aggregator. Meanwhile, statistics indicate that during the last 30 days across ten different blockchains, there’s been $2.73 billion in NFT sales. NFT Monthly Volume Sees Close to $3 Billion in Sales — Axie Infinity, Clonex, MAYC Sales Reign While the crypto economy has seen a downturn, it’s too early to say whether or not it’s affecting NFT sales. However, monthly statistics show that across ten different blockchain networks…