BNB, the native token of Binance Smart Chain, went from $5 billion to $85 billion, Solana’s SOL exploded from $85 million to $55 billion, and Cardano’s ADA took off from $5.5 billion to $46 billion (though it was at $95 billion over the summer). To be sure, a dramatic rise was to be found in layer 2 protocols, too. Polygon, a supplemental network to Ethereum, saw its native … [Read more...] about The Year of the Alts
Alts
Alts Find It Tough to Beat Layer 1 King Ethereum
As the Federal Reserve appears to be poised to take a more hawkish stance on monetary policy (for now… maybe), especially in light of recent high inflation data, cryptocurrency investors seem to be rethinking how they’re allocating their money in the sector.One would expect that to mean good news not just for the price of ether, the native token of the Ethereum network, but … [Read more...] about Alts Find It Tough to Beat Layer 1 King Ethereum
Ethereum price drops below $1,500 as Bitcoin sell-off hits alts
ETH/USD dropped to lows of $1,441 although bulls could rebound and settle in the $1,500-$1,600 range Ethereum‘s price has dropped below $1,500 again, extending its 24-hour losses to lows of $1,441 as bears appear intent on further damage. At the time of writing, ETH/USD is trading at $1,455, about 7.6% in the red. Ethereum declines amid BTC sell-off The decline in ETH price … [Read more...] about Ethereum price drops below $1,500 as Bitcoin sell-off hits alts