Cardano has resumed on an upward movement again. The crypto which had staggered continuously for the better part of a week has finally begun to pick up steam, pushing it back up again. Solana, one of the rivals of Cardano, had successfully flipped the latter last week after SOL had hit new all-time highs continuously. At a point, Cardano had been pushed out of the top 5, courtesy of Tether and Solana. For a while, it looked as if ADA would never be able to pick itself back up from…
Month: November 2021
Cardano Flips Solana, Tether To Reclaim Spot At 4th Place
Cardano has resumed on an upward movement again. The crypto which had staggered continuously for the better part of a week has finally begun to pick up steam, pushing it back up again. Solana, one of the rivals of Cardano, had successfully flipped the latter last week after SOL had hit new all-time highs continuously. At a point, Cardano had been pushed out of the top 5, courtesy of Tether and Solana. For a while, it looked as if ADA would never be able to pick itself back up from…
AMC Theatres Says Customers Will Soon Be Able To Pay With Shiba Inu
Shiba Inu has begun to progress to the next stage of its evolution, being the payments space. The meme coin is taking the same route as its predecessor to being a payment token for facilitating small transactions. It has now made it into AMC Theatre’s list of cryptocurrencies that will be accepted for purchases in the coming months. This will provide what will be a utility for the meme coin going forward. Shiba Inu which was created with no utility prospects, moved only by the power of internet hype, will…
What Is The Final Push For Bitcoin? MicroStrategy CEO Michael Saylor’s Big Reveal
There is no telling what exactly would be the thing that pushes bitcoin into the $2 trillion territory. For now, the asset is still one of the most valuable assets in the world with a total market cap of $1.15 trillion. Nonetheless, investors continue to look what will be the next big thing for BTC, something that will catalyze the growth of bitcoin, causing it to rally towards $100K. One of these investors looking to the future is MicroStrategy’s CEO Michael Taylor. Saylor has always been a BTC maximalist and…
Bitcoin Breaks Above $68,000, Where Does It Go From Here?
Bitcoin has set a new record high of $68,571 in the early hours of Tuesday. The asset has been rallying for a while now and has reached multiple milestones since then. October had proven to be just what the doctor for the pioneer cryptocurrency as a number of bullish news saw the digital asset bound towards a new all-time high. After hitting $67K in October, BTC had consolidated well below its record high for some time. However, this would not last. November came in with even better optics for the…
New York Mayor Says Cryptocurrencies Should Be Taught In Schools
New York Mayor-Elect Eric Adams recently won the mayoral race for the city. On November 3rd, Adams became the second black man to be elected as mayor in the city of New York. The win was momentous in itself but Adams’s comments and stance on cryptocurrencies, bitcoin, in particular, have been what has pushed him into the limelight in recent days. The mayor-elect had made the news days after his election when he said that he planned to receive his first three paychecks in bitcoin. This was in response to…
Shiba Inu Beats Out Cardano, Dogecoin On Top 10 Watch-Listed Tokens
Shiba Inu has not been doing very well recently in the market, but that has not stopped the meme coin from being a favorite in the market. Investors had poured into the coin following its rallying to a new all-time high in October and have since maintained support for it. SHIB had lost its footing at this high price, dragging it out of the crypto top 10. However, the meme coin remains one of the most popular crypto coins in the market. The watch-list on CoinMarketCap is a feature that…
How Bitcoin Has Performed Compared To Top Stocks
Bitcoin has grown to become one of the preferred investment options in recent times. Its popularity among investors can be credited to the returns the asset has brought in its decade of existence. It is one of the few assets that has consistently served as a hedge against inflation while bringing massive gains to its holders. Seeing these gains, more investors have wanted a bigger slice of the pie. Up until 2009 though, bitcoin was not an investment option for anyone. Even then, it was still widely unknown to the…
Solana Hits New All-Time High, Surpasses Cardano And Tether To Fourth Place
The Solana (SOL) ecosystem continues to see huge growth in the market. SOL price touched another record high on Sunday, November 7, as it reached $260.06. Its price is up by almost 17,500% YTD – from $1.51. SOL surpassed Cardano (ADA) and Tether (USDT) to become the fourth-largest cryptocurrency with a market capitalization of $75.4 billion. Related Reading | Is Cardano Fighting A Losing Battle Against Solana? At the time of writing, it falls behind Binance Coin (BNB) $109 billion, Ether (ETH) $546 billion, and Bitcoin (BTC) $1.17 trillion. While it…
Bakkt Set To Expand Its Crypto Offering To Include Ethereum
Digital asset marketplace Bakkt on Friday announced that users and partners will soon be able to buy, sell and hold ether (ETH). Users will also be able to send Ethereum to family and friends through its app. Institutional clients can also choose the Bakkt Warehouse for custody of ether. Related Reading | Bakkt and CME launch new products, Bitcoin’s price reacts accordingly The platform is adding ethereum to bitcoin, which it already offers. With these two coins, its users have access to two cryptocurrencies representing more than half of the total market…