Tag: Altcoin

Shiba Inu (SHIB) Ecosystem Altcoin Defies Crypto Market Doldrums Amid New Exchange Listings This Week

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A crucial Shiba Inu (SHIB) ecosystem altcoin is defying the sideways crypto market trend this week, surging more than 16% amid a flurry of new exchange listings. The altcoin, Bone ShibaSwap (BONE), is trading at $1.06 at time of writing, up from $0.913 seven days ago. The 165th-ranked crypto asset by market cap will be used to pay for gas fees on Shibarium, the much anticipated layer-2 project designed to make the Shiba Inu ecosystem more efficient, similar to Polygon (MATIC) on Ethereum (ETH). Shibarium launched its beta version, “Puppynet,”…

Top Ethereum Altcoin Explodes 47% in One Week As Whales Send Millions of Tokens to Crypto Exchange

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A couple of crypto whales unloaded millions of Arbitrum (ARB) after the popular Ethereum (ETH) scaling solution witnessed significant gains this week. Blockchain tracker Lookonchain notes that the largest buyer of Arbitrum on its first day of listing back in March transferred a large stack of nearly 10,000 ARB, worth about $17 million, to top crypto exchange Binance a few days ago. Source: Lookonchain/Twitter A separate ARB whale also transferred its entire Arbitrum bag, worth $18 million, to Binance on Friday, according to Lookonchain. “The whale with 11 million ARB…

XRP, XLM, CFX, XDC and MASK rank among the top 5 altcoin gainers in March

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Bitcoin’s dominance over the crypto market, which represents its share of market capitalization relative to the total cryptocurrency market capitalization, rose steeply from around 44% to highs of 48% in March.  While Bitcoin’s price increased by 22.7% during the month, most altcoins yielded subpar or negative returns. However, there were some outliers which showed a second month of positive momentum. Take for example, XRP, which saw steady positive momentum as investors expect a positive outcome in its U.S. court case against the SEC. Tokens with highest 30-day returns in the…

Crypto Exchange Binance Rolls Out New Trading Support for Under-the-Radar Altcoin

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Top crypto exchange by trading volume Binance has rolled out new trading support for an under-the-radar decentralized finance (DeFi) altcoin. Binance listed Radiant Capital (RDNT) in its “Innovation Zone,” a dedicated trading space for crypto assets that could be more prone to rapid price swings. Radiant says that it “aims to be the first omnichain money market where users can deposit any major asset on any major chain and borrow various supported assets across multiple chains.” Radiant V2 currently ranks 58th among all DeFi protocols with $164.09 million in total…

Bitcoin-Inpired Altcoin Rallies 107% in a Week As Project Gets Listed on Two Crypto Exchanges

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An altcoin inspired by Bitcoin (BTC) is surging after being listed on two crypto exchange platforms in a week. Kaspa (KAS) has more than doubled in price since last week after being listed on crypto exchanges Hotbit and BYDFi. News of the listings sent the crypto asset flying as it went from a seven-day low of $0.0158 to $0.0344, a 107% increase. The digital asset has since stabilized and is trading for $0.0342 at time of writing. Kaspa uses BlockDAG, which is its version of the GhostDAG/PHANTOM protocol, and aims…

Shiba Inu (SHIB) Ecosystem Altcoin Adds New Crypto Exchange, Outperforms Bitcoin and Ethereum

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A key altcoin in the Shiba Inu (SHIB) ecosystem is coming to a crypto exchange backed by Tron (TRX) founder Justin Sun. In a new release, crypto exchange Poloniex says it’s listing Shiba BoneSwap (BONE), the digital asset that will be used to pay for the gas fees of Shibarium, Shiba Inu’s highly anticipated upcoming Ethereum-based (ETH) layer-2 scaling solution. “BONE wallets will open on March 9, 2023 at 10:00 UTC and full trading will be enabled on March 9, 2023 at 11:00 UTC… BONE is a governance token of…

Crypto Whale Driving Up the Price of Ethereum (ETH)-Based Altcoin As It Withdraws From Exchanges: Onchain-Data

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A single crypto whale likely drove up the price of an Ethereum (ETH)-based altcoin on Monday, according to the blockchain-tracking platform Lookonchain. Mask Network (MASK), a project that aims to bring Web3 features to social media platforms like Twitter and Facebook, shot up from trading around $3.26 at the beginning of the day on Monday to a high of $4.21, a more than 29% price increase. The 153rd-ranked crypto asset by market cap has since partially retraced and is trading at $3.74 at time of writing. Lookonchain reports that a…

Solana (SOL)-Based Altcoin Skyrockets 266% After Earning Support From Top Crypto Exchange

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A Solana (SOL)-based altcoin is exploding in price after earning surprise support from top Korean cryptocurrency exchange UpBit. According to UpBit, the crypto change is adding support for Access Protocol (ACS), which is a new content monetization crypto project built on top of Solana and Ethereum scaling solution Starknet. UpBit, which has the largest trading volume of any exchange in Korea, says trading of ACS on its platform is to begin March 7th. News of the listing sent the price of Access Protocol soaring by 296%, from a low of…

Ethereum DeFi Altcoin Explodes 140% After Surprise Support From Crypto Exchange Binance

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A decentralized Ethereum (ETH)-based lending protocol is leading the altcoin markets with explosive gains following surprise support from Binance, the world’s largest crypto trading platform by volume. In an announcement yesterday, Binance revealed it would be listing Liquity (LQTY) in its “Innovation Zone”, where newer tokens with higher volatility are designated. Liquity is a borrowing and lending protocol powered by its stablecoin LUSD, and uses ETH as collateral. LQTY, its native token, can be used for liquidity mining and staking. LQTY stakers can earn LUSD from fees on loan issuance,…

Fast-Rising Altcoin From Shiba Inu (SHIB) Ecosystem Gets Major Crypto Exchange Listing Ahead of Shibarium Release

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A key altcoin in Shiba Inu’s (SHIB) ecosystem is slated to be listed on Gate.io, according to an update from the crypto exchange. Gate.io, a top 20 exchange with over $800 million in 24-hour trading volume, updated its trading page for ShibaSwap (BONE) on Thursday with a countdown to when the altcoin will go live. BONE will be used for gas fees and governance on Shibarium, the highly anticipated layer-2 project designed to make Shiba Inu more efficient, similar to Polygon (MATIC) on Ethereum (ETH). It’s also the native token…