Adding to earlier losses alongside a broad crypto decline begun Tuesday evening U.S. hours, Blur (BLUR) fell another 5% in the minutes following the news before a modest bounce. It’s now down 10% over the past 24 hours. Tensor (TNSR), a Solana-based NFT marketplace aggregator, also traded 3% lower. The token’s price was down nearly 9% over the past 24 hours. The broader CoinDesk 20 Index was lower by 4% over the same time frame. Source
Tag: Token
Defi Giant Makerdao Rebrands as Sky, Introduces USDS Stablecoin and SKY Token
The decentralized finance (defi) lending platform Makerdao is embracing a new identity, rebranding as Sky, according to co-founder Rune Christensen. Along with the fresh name, the platform will introduce two new assets: a stablecoin dubbed USDS and a governance token named SKY, both slated for a mid-September launch. Sky Unveils USDS and SKY Tokens Amid […] Source CryptoX Portal
Crypto Lending Giant MakerDAO Renames to Sky with New USDS Stablecoin and Governance Token
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Solana’s Popcat Balloons 96% In A Week – The New Token To Watch?
Making its presence known, the meme-inspired cryptocurrency Popcat, on the Solana blockchain, sure does know how to make waves. In 24 hours, the price rose 23% to $0.740. But equally impressive is this: the token registered a 96% gain in the last seven days. Source: Coingecko Related Reading This surge has been sufficient to attract the attention of traders and investors due to its magnitude. A total of $127 million worth of transactions took place over the course of the previous day, indicating an increase in the trading activity.…
Network Upgrade Gives Token 24% Price Boost
NEAR has continued to rally despite the market slipping by 2% today. According to CoinGecko, NEAR, the native token of the platform, achieved almost 23% gains since last week. This is largely due to positive on-chain developments, showing that the altcoin has enough muscle to remain in its current position within the market. Related Reading Just recently, NEAR announced that Nightshade 2.0, NEAR’s touted “novel sharding design”, was deployed on the platform’s mainnet, improving the already robust and reliable system users have been enjoying for years. NEAR up in the…
Sun Token pump gains speed but a reversal might be near
Sun Token price continued pumping on Friday, Aug. 23, making it one of the best-performing cryptocurrencies this week. Sun (SUN) surged to a high of $0.028, marking its highest level since December 2021 and a staggering 526% increase from its lowest point in 2023. Its market capitalization has grown significantly, rising from $101 million on Aug. 17 to over $276 million. Sun’s jump mirrored the performance of other tokens in Justin Sun’s ecosystem. Tron (TRX) rose to $0.1660, its highest level since May 2021. Similarly, BitTorrent (BTT) soared to $0.0000010…
Tron-Based SUN Token Soars 197% Amid SunPump’s Momentum
The memecoin frenzy has reached the Tron Network after the launch of Pump.fun’s rival, SunPum. The new memecoin deployer has been making the headlines after surpassing its Solana-based counterpart on key metrics this week. The platform’s remarkable performance in the past two weeks has propelled the network, TRX, and the SUN ecosystem. As a result, SUN, the native token of the DeFi protocol behind SunPump, has surged over 190% in the last seven days. Related Reading SunPump Takes The Market By Storm Nearly two weeks ago, DeFi protocol SUN.io introduced…
MakerDAO to Offer Optional MKR Conversions for New Governance Token
Crypto lending platform MakerDAO, the protocol behind the DAI stablecoin, will allow MKR holders to convert their tokens to NewGovToken (NGT) tokens at a ratio of 1:24,000. Source
Crypto Asset Manager Grayscale Offers AVAX Token Investment in New Avalanche Trust
“Through its key strategic partnerships and unique, multi-chain structure, Avalanche is playing a pivotal role in the advancement of RWA tokenization,” said Grayscale’s head of product and research, Rayhaneh Sharif-Askary, in a statement, referring to the process of creating a way of trading real-world assets on-chain. Source
Pepecoin Investors Love The Utility Of Rival Token Mpeppe Positioned to 340x
In the ever-evolving world of cryptocurrency, where timing and strategic investments are crucial, Pepecoin (PEPE) has emerged as a significant player, captivating the attention of meme coin enthusiasts. As the market continues to mature, investors are constantly on the lookout for new opportunities that offer substantial returns and real-world utility. Enter Mpeppe (MPEPE), a rising star in the meme coin universe that has not only attracted the attention of Pepecoin (PEPE) holders but also positioned itself as a potential 340x investment. Here’s why Pepecoin (PEPE) investors are making the switch…