Tag: performing

World’s Worst Performing Currency, the Cedi, Reverses Gains — Economist Steve Hanke Says Ghana Inflation Now Over 140% – Economics Bitcoin News

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Just days after registering marginal gains against the U.S. dollar, the Ghanaian currency — the cedi — slipped to C14:$1 versus the U.S. dollar on the foreign exchange parallel market on Nov. 7. The cedi’s reversal is said to have dented the currency’s recovery prospects. On the other hand, Ghana’s former president John Mahama and economist Steve Hanke have suggested that the country’s inflation rate is much higher than the 37.2% which was recorded in September. Cedi’s Interbank Exchange Rate Unchanged Just days after it marginally recovered from an all-time…

How HBAR Is Performing In The Last Seven Days

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According to Messari, the performance of Hedera in the third quarter this year defied the prevailing market mood and is currently witnessing growth not seen on other protocols. DefiLlama claims that the protocol’s TVL increased by an impressive 137%. For comparison, Hedera’s quarterly network expansion occurred during a period when other networks were contracting. In addition to boosting the value of its native coin HBAR, this quarterly report also helped it do so in the past few days. As of this writing, HBAR is trading at $0.060236, down 3.7 percent…

‘Performing as expected’ — Aptos Labs defends day 1 criticism

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After four years of development and millions in funding, the layer-1 blockchain Aptos (APT) finally launched its mainnet on Oct. 17, albeit to somewhat mixed reception. The proof-of-stake blockchain has seen millions invested in it from venture capital firms and has previously claimed the ability to process 160,000 transactions per second (TPS). However, some members of the community have pointed out that the claimed TPS is falling far short of expectations on the mainnet. According to Aptos’ blockchain explorer the network is seeing around 4 TPS at the time of…

IMF Bailout Approval Helps Zambian Kwacha Take the Russian Ruble’s Position as World’s Best Performing Currency – Emerging Markets Bitcoin News

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After the International Money Fund revealed it had approved a bailout package for Zambia, the Southern African country’s currency, the kwacha, rallied by 3.1%. Following this gain, the kwacha took the Russian ruble’s position as the world’s best-performing currency in 2022. Zambia Still ‘Has a Long Way to Go’ The Zambian kwacha currency, which currently trades at K15.40 for every dollar, became the world’s best-performing fiat currency when it was announced that the International Monetary Fund (IMF) had approved the $1.3 billion bailout for the country. With a year-to-date gain…

Coinbase Shows Crypto Market Performing Similar To Other Traditional Markets

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Crypto coins exhibited exponential growth through the years, raising attention to the crypto space. There was no correlation between crypto performance and the conventional stocks of different commodities. However, all that seems to be fading into thin air from the recent activities and trends of digital assets. The chief economist of Coinbase, a crypto exchange, has reported a change in the risk profile of crypto assets. According to the analysis from Cesare Fracassi, crypto performance is similar to those of stock commodities. This means that prices of crypto assets now…

American Economists Are Baffled by an ‘Unusual Situation’ as Russia’s Ruble Is the World’s Best Performing Fiat Currency – Economics Bitcoin News

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Two months after the Russian ruble fell below a U.S. penny, the transcontinental country’s fiat currency is the best performing currency worldwide. American economists are baffled by the “unusual situation” because a country facing stiff sanctions typically sees its fiat currency decline in value, but Russia’s ruble has done the exact opposite. Russia’s Ruble Outshines the Euro and Dollar — Transcontinental Country’s Fiat Currency Shows Resiliency On February 28, 2022, Bitcoin.com News reported on the Russian ruble sinking to record lows, and citizens started to withdraw lots of cash causing…

Cardano (ADA) Is One Of The Worst Performing Crypto In Terms Of Profit

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Cardano (ADA) has made it on the list as one of the worst-performing assets when it comes to profitability. The ability to make a profit from a digital asset is what drives the majority of investments when putting money in the asset. However, for some, this has not been the case given that their assets have been performing badly in the market. Cardano is one of those that have put the majority of its investors in the red after consistent dips. 82% In Loss Data shows that Cardano investors are…

A Look at the First Quarter’s Top Performing Cryptocurrencies in 2022 – Markets and Prices Bitcoin News

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The first quarter of 2022 has come to an end and specific digital currency markets have seen a lot of action during the last three months. Out of the top ten digital currencies, terra (LUNA) saw the biggest gains, jumping more than 43% higher against the U.S. dollar in Q1. Out of the top 30 crypto assets, unus sed leo (LEO) spiked 58% higher in value against the dollar over the last three months. Q1 2022: Terra, Unus Sed Leo, Ethereum Classic Gain Big — Solana, Algorand, Uniswap Shed Deep…

Bitcoin beats stocks, commodities to best performing asset of 2021

Bitcoin (BTC) is officially the best performing asset of 2021, data now confirms. As October delivers 15% gains in five days, BTC firmly outperforms macro assets worldwide to seal year-to-date returns of just under 50%. Bitcoin hodlers up 49% year-to-date Despite Bitcoin’s wild ride throughout the year, downside has failed to grip the market, with a 60% retracement from highs in May now all but cancelled out. The largest cryptocurrency is thus at least 13% ahead of commodities for the year, figures show this week, and 17% ahead of United…

Hub of High Performing Cryptocurrency Startups

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The support for excellent cryptocurrency startups and projects has impacted the exchange’s native cryptocurrency – the GT Token. Cryptocurrency exchanges are one of the main drivers of the ongoing digital currency revolution today. While there are hundreds of these trading platforms serving the crypto space, Gate.io comes off with stellar records per its innovative offerings. Gate.io is a safe and trusted cryptocurrency exchange that has been serving Bitcoin enthusiasts since 2013. The platform has now grown to support hundreds of innovative digital currencies around, additionally offering a specialized service of…