Cryptocurrencies are getting rekt.Crypto blue-chips bitcoin (BTC) and ether (ETH) breached key $40,000 and $3,000 support levels late Thursday evening, sending the broader alternative coin (altcoin) market into free fall.According to data from CoinGecko, the total market cap of the cryptocurrency industry fell 11% to $1.9 trillion as of Friday afternoon during U.S. trading … [Read more...] about Crypto Market Cap Falls Below $2T Amid Sell-Off
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OpenDAO’s SOS Token Hits $250M Market Cap Despite Unclear Goals, Security Risks
Airdrops are a token distribution method that allows crypto users who have performed certain actions to claim tokens. In this case, the airdrop applied to any Ethereum address which purchased a non-fungible token (NFT) on the popular OpenSea marketplace – a potential pool of over 850,000 addresses. To be clear, OpenDAO has no relationship with OpenSea aside from targeting its … [Read more...] about OpenDAO’s SOS Token Hits $250M Market Cap Despite Unclear Goals, Security Risks
DeFi Traders Push Terra’s UST Stablecoin to $10B Market Cap
The Terra blockchain’s fast growing stablecoin UST, which had surpassed its rival DAI to become the largest decentralized stablecoin, has how attained another milestone: a market capitalization of $10 billion.According to the crypto pricing site CoinGecko, the UST market cap pushed past $10 billion on Sunday. As recently as the beginning of 2021, the market capitalization was … [Read more...] about DeFi Traders Push Terra’s UST Stablecoin to $10B Market Cap
Ethereum’s market cap is now beyond that of the biggest banks in the world
The crypto industry has had one of the best years as it witnessed a whole level of mass adoption from both retail and institutional investors.While this has had a positive effect on the value of some flagship digital assets like Bitcoin and Ethereum, the market cap of these assets also shows the extent of the growth the space has seen.Ethereum market cap is now ahead of the … [Read more...] about Ethereum’s market cap is now beyond that of the biggest banks in the world
Crypto.com token (CRO) added $7 billion to its market cap over past week
On November 17, the cryptocurrency exchange Crypto.com and Anschutz Entertainment Group (AEG) shocked the world with a massive $700 million 20-year agreement on the naming rights of the Staples Center in Los Angeles.And now a week after the announcement, the Crypto.com CRO token price has doubled in value from $0.43 on Nov.17 to $0.76 on Nov. 25, according to … [Read more...] about Crypto.com token (CRO) added $7 billion to its market cap over past week