Alternative blockchains such as Terra, Binance Smart chain, Avalanche, Solana, Fantom, Tron and Polygon have been gaining the most market share in the DeFi space, and these competitors have received a lot of funding and used incentives to increase usage in their own ecosystems, JPMorgan said. Source link … [Read more...] about JPMorgan Says Ethereum’s DeFi Dominance at Risk Due to ‘Sharding’ Delays
Dominance
Market Wrap: Bitcoin Dips as Dominance Over Ethereum Shrinks
Bitcoin was down about 4% over the past 24 hours along with equities on Wednesday. The intraday sell-off occurred after the U.S. Federal Reserve pointed to a possible interest rate hike in March, which is sooner than many had expected.But despite the price dip, some analysts expect BTC will stabilize in a range of between $40,000 and $50,000, which could keep volatility … [Read more...] about Market Wrap: Bitcoin Dips as Dominance Over Ethereum Shrinks
Are Stablecoins the Path to Continued Dollar Dominance?
This episode is sponsored by NYDIG.Download this episodeIn today’s Long Reads Sunday, NLW goes back to read excerpts from two Nic Carter pieces that seem particularly prescient today, as the U.S. weighs the opportunities and risks of stablecoins.Policymakers Shouldn’t Fear Digital Money: So Far It’s Maintaining the Dollar’s StatusThe Crypto-Dollar Surge and the American … [Read more...] about Are Stablecoins the Path to Continued Dollar Dominance?
Bitcoin Dominance Weakens as Altcoins Rally
Bitcoin, the world’s largest cryptocurrency, traded little changed between $60,000 and $63,000 Friday before the U.S. jobs report. The price is also little changed over the week, while altcoins and gaming tokens have seen significant gains.Solana’s SOL token has rallied 21% this week, breaking through its all-time high on Thursday. Ether (ETH) also climbed to a record, hitting … [Read more...] about Bitcoin Dominance Weakens as Altcoins Rally
Illuvium, LCX and Tokemak hit new highs as Bitcoin dominance lingers
During bull markets, altcoins tend to accrue gains when Bitcoin price consolidates and at they run in tandem with BTC price during breakouts. This dynamic appears to be at play today because multiple altcoins went parabolic at the same time that BTC made a run at $64,000 and Ether (ETH) hit a new all-time high above $4,500.According to data from Messari, 31 tokens have … [Read more...] about Illuvium, LCX and Tokemak hit new highs as Bitcoin dominance lingers