Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
News
Recent Survey Shows 77% of Russian Investors Prefer Bitcoin to Gold
Based on a recent survey metrics, 77% of Russian investors take bitcoin or cryptocurrency as a superior investment tool than gold. Only 9% believe that gold is a better investment option. There was also another 14% who stated that they believe that familiar national currencies are the best choice. For the longest time, people have considered gold the safest and most common form of investment when it comes to investments. However, cryptocurrency adoption is spreading like a bushfire. People are…
4 years ago
Coinbase Set for Upgrades as it Plans on Merging with Polygon
The Coinbase exchange looks forward to using the Polygon blockchain in its operations. The Ethereum layer two protocol is going to act as the exchange’s scaling solution. According to Coinbase, applying the Polygon blockchain also benefits Ethereum’s network. The merger can solve various issues on Ethereum, such as high fees. Polygon Partners with Coinbase Ethereum’s network continues to face scalability issues as it moves to a PoS ecosystem. Thus, such problems led to the development of a scaling solution known…
4 years ago
TRON Founder Justin Sun Discusses BitTorrent Chain’s Launch in an Open Letter
The TRON founder, Justin Sun, recently unveiled an open letter to the TRON community. The letter details the future of the TRON protocol. Also, the founder revealed more information on the upcoming BitTorrent Chain launch. TRON Has Had Massive Growth TRON's Super Representative Committee launched the protocol in June 2018. It has since developed into a network that handles transfer volumes of over US$10 billion every day. The TRON Blockchain's total assets are at over $50 billion. TRON decentralized financial programs have…
4 years ago
BTC and ETH Approach Final Hurdles as Cardano Cracks $3
BTC has been on fire since the start of the new month. The price finally surmounted the stubborn $49K resistance zone and climbed to its highest level in three months. The BTC/USD pair cruised past $50K. This happened as stocks slid following a report from US officials that revealed underwhelming US job gains. The dampened outlook for the US economy pushed the dollar and S&P 500 index lower while boosting interest in hedging assets like Bitcoin and gold. As the…
4 years ago
College Students Get Into Crypto to Plug Financial Gap, Recent Survey Shows
A survey from Save the Student website shows that college students are now turning to cryptocurrencies to fund their expenses. The number of such scholars has tripled over the past 12 months. However, one student warns scholars against getting into crypto and advises them to research more before investing. Financial Crisis For Student Funding Out of those surveyed, 75% said that they had considered dropping out of school. The reasons given were either mental health issues or the pandemic, but…
4 years ago
Aelf Token’s Price Jumps 40% Ahead of Its Mainnet Token Swap
ELF sees a spectacular surge of 40% in price following the announcement about aelf's imminent release of its mainnet token swap. At the moment, ELF is changing hands for $0.73 and has a market cap of over $400M. The much-anticipated aelf mainnet token swap will take place on September 9 at noon. The three-month event will allow users to swap their ERC-20 ELF tokens for the new mainnet ELF tokens at a 1:1 ratio. Above all, the aelf team will give…
4 years ago
Solana Overtakes Dogecoin To Become 7th Largest
On the 3rd, Solana officially surpassed Dogecoin's market cap and became the 7th largest crypto. Recently, this crypto has been on a serious rise, which recent system upgrades triggered. The trending project looks like it's heading for $150 soon and will most likely displace XRP in a few weeks. Solana On The Rise Solana is officially the seventh-largest cryptocurrency. This event occurred on Friday Morning when Solana surpassed Dogecoin, the 7th largest asset at the time. The Sol market price at the…
4 years ago
BTC Could Close the Week Above $50K; ETH Stages Major Uptick
Bitcoin staged a major rally on Wednesday night, soaring from a swing low of $46,533 to hit highs above $49,678. The BTC/USD pair accelerated higher into a positive zone after forming a strong support base in the $46,500 zone. The night of bullish action sparked speculations that the king coin could mount a renewed attack on $50K. Despite predictions to the contrary, the number 1 cryptocurrency is so far seeing an incredible start to September. Market participants are excited about the prospects…
4 years ago
Solidproof to Launch Auto Audit Tool for Safer Blockchain Projects
Solidproof will launch Audit Tool, a pivotal service for blockchain projects. Through it, the German-based audit plans to improve the security of DeFi protocols, which often fall victim to hackers. Just recently, a white hat hacker deprived the Poly Network of $600 million worth of digital assets. To the hacker's defense, he later returned the money. However, the event exposed the vulnerabilities of crypto projects that usually launch with faulty or unaudited smart contracts. Solidproof plans to help developers and…
4 years ago