[ad_1] As the general crypto market experiences a slight gain in total market cap, Stellar (XLM) stands out with a substantial amount of price increase over the last week. According to data from CoinMarketCap, the XRP competitor is up by 17.61%, outperforming every other top 100 cryptocurrency in the past seven days. XLM To Reach $1? With XLM currently hovering around the $0.13 price zone, there are speculations on the next movement. Interestingly, a crypto analyst with the name EGRAG CRYPTO on X (formerly Twitter) predicts that XLM could rise to $1 if certain conditions are met. According to the…
Author: Semilore Faleti
[ad_1] Strica, a company working on solutions and use cases for the Cardano blockchain, unveiled a new feature for the smart contract platform via their wallet, Warp Transactions. According to an official press release, described as a “game changer for token transfers,” Warp Transactions were created to ease the burden of transaction fees paid when sending assets on this network. Cardano New Feature Eliminates Sender Fees, But There Is A Clause Usually, on Cardano, every token transfer demands the sender to pay a minimum fee of 1.14 ADA to secure against network attacks. However, the Warp Transaction now offers an…
[ad_1] In the last 48 hours, the XRP market has witnessed a significant amount of large-scale transactions, drawing much attention from the general crypto space. According to data from blockchain tracker Whale Alert, XRP whales conducted transactions involving over a billion XRP on Friday, September 1. Ripple Transfers 75 Million XRP To Unknown Wallet In Whale Buying Spree Through a series of posts by Whale Alert on social media platform X (formerly Twitter), it can be inferred that the XRP market witnessed four major whale transactions. The biggest of these transactions was the transfer of 424,354,912 XRP – valued at…
[ad_1] Shibarium, an Ethereum layer 2 solution, can be termed one of the most-hyped crypto projects of 2023, expected to introduce a higher network speed and lower transaction costs to the Shiba Inu ecosystem. After months of beta testing, Shiba Inu developers finally announced on August 16 that the Shibariun mainnet is now live. However, contrary to popular predictions, SHIB, Shiba Inu’s most prominent token, appears to have taken a nosedive upon this development. SHIB Maintains Bearish Form As Shibarium’s Ethereum Bridge Develops Fault So far, Shibarium’s launch has yielded a negative effect on SHIB, with the token losing 6.86%…
[ad_1] Chainlink (LINK) has been one of the top trending tokens in recent weeks due to a combination of an overall positive price movement as well as exciting on-chain developments. Following a recent buying spree in the LINK market, crypto analyst Ali Martinez has taken to social media platform X, providing some insights on the token’s potential price action. 29,000 Wallets Purchase 295 Million LINK Forming Major Support Level On August 11, Ali posted on X stating that Chainlink has established a strong support zone between $6.63 and $6.88 as about 29,000 addresses purchased over 295 million LINK at this…
[ad_1] Over the last week, the XRP token has dominated the headlines following Ripple’s partial court victory over the United States Securities and Exchange Commission (SEC). On July 13, Judge Analisa Torres of the US District Court of the Southern District of New York ruled that XRP doesn’t qualify as a security leading to a massive price surge in which the token gained by almost 90%. However, while it may appear that XRP’s positive effect on the market is waning, with most assets slipping into a bearish state, there is still a high level of interest surrounding this altcoin, proven…
[ad_1] Featured Image From Kraken, Chart From Tradingview. In today’s news, the prominent stablecoin TrueUSD – with the ticker TUSD – is now undergoing a management change. According to a thread this morning by the project’s official Twitter handle, Archblock Inc., the current TUSD operator, has begun the transfer of total control of Token to its Asian-based owners, Techteryx Ltd. Techteryx Finally Assumes Control Of TrueUSD Back in December 2020, Techteryx acquired ownership of TUSD but hired Archblock to keep maintaining the stablecoin’s operations. And for the last two years in which Archblock remained TUSD’s operator, Techteryx claims to have…
[ad_1] Prominent Bitcoin mining company Marathon Digital Holdings has published its Bitcoin production and mining operation update for June 2023. In the report released yesterday, Marathon revealed that its Bitcoin production decreased by 21% from May due to weather-related issues in Texas and a decline in transaction fees on the Bitcoin network. “We produced 979 bitcoin in June, down 21% from last month and up 599% from June 2022,” said the Company’s CEO, Fried Theil. “The decreased production relative to last month was due to weather-related curtailment in Texas and a significant decrease in transaction fees, which fell to approximately…
[ad_1] The crypto market is currently on a rebound, with several assets recording little gains in the last few hours. Conflux (CFX), one of the trendiest assets of 2023, has gained by 20.17% in the last 24 hours, emerging as the second biggest daily gainer, according to CoinMarketCap data. Prior to its price boost yesterday, Conflux had been on a bearish trend for most of the month, from $0.280 on June 1 to trade as low as $0.170 on June 16. Since the start of the month, the “Chinese MATIC” has lost about 33.33% of its market value. Related Reading:…
[ad_1] Injective (INJ) is one of the few tokens to have racked up impressive gains in the last week. While most of the assets in the crypto market were marked by insignificant price actions leading to little gains or losses, INJ stood out with an excellent price movement to become one of the biggest weekly gainers. According to data from CoinMarketCap, Injective’s price gained by 19% in the last seven days boasting of a market performance only beaten by four other tokens – RNDR, AGIX, MASK, and CFX – in the entire top 100 crypto ranking. INJ initially began the…