Tag: Token

XRP Ledger (XRPL) Token Market Cap Surged 47% In Q4 To $169M: What Caused The Surge?

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A recent report by Messari sheds light on the state of the XRP Ledger (XRPL) and its notable performance during the fourth quarter (Q4) of 2023.  The report highlights significant milestones, including its native token market capitalization, distribution, burning mechanism, price movement, legal battle, and network activity. Distribution Of 4 Billion XRP Contributes To Market Cap Growth?  As of Q4 2023, XRP, the native token of the XRPL, emerged as the sixth-largest cryptocurrency by market capitalization, reaching $33.7 billion. The token’s circulating market cap witnessed a substantial 21.2% increase quarter-over-quarter…

Ethereum’s ERC-404 Token Standard Sets New Era for Digital Assets

CoinspeakerEthereum’s ERC-404 Token Standard Sets New Era for Digital Assets The introduction of the ERC-404 token standard has captured the crypto community’s attention in a groundbreaking development for the Ethereum blockchain. ERC-404 Hybrid Structure & Functionality Garners Developers The new token, pioneered by pseudonymous developers under the Pandora project, is a unique fusion of ERC-20 and ERC-721 functionalities. The project is still in testnet as it’s yet to be audited. One of the founders believes this feat could take a “couple of weeks” to complete. Pandora and ERC-404 ERC-404 has…

Are Token Airdrops Effective Marketing?

Airdrops. That magical term seems to excite crypto users and spark endless discussions about on-chain interaction. In recent years, airdrops have added significant liquidity into the crypto market and took numerous promising projects to new heights. Today, it’s common to say we’re entering into “airdrop season” as a number of new and existing protocols and projects on chains including Ethereum layer 2s, Solana and Cosmos look to build engagement by promising or hinting at an airdrop. Source

Binance to Delist Monero Privacy Token; XMR Slides

Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated. The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is an award-winning media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. In November 2023, CoinDesk was acquired by Bullish group, owner of Bullish, a regulated, institutional digital assets exchange. Bullish group is majority owned by Block.one; both groups have interests in a variety of…

Crypto Token Unlocks To Cross $700 Million In February 2024, Here Are The Culprits

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February is set to be a hot point for crypto assets, with several cryptocurrencies set to release over $800 million worth of assets during the month. According to data from TokenUnlocks, 26 crypto projects are set to carry out token unlocks in February, potentially flooding the crypto market with almost $1 billion worth of crypto assets. Most of this liquidity is set to come from Avalanche (AVAX), with approximately $345 million worth of AVAX set to hit the market in the middle of February. February 2024 Set To See Massive…

Pyth Network token surges by 20% amid Binance listing

The token of the Pyth Network project (PYTH) was among the growth leaders, gaining 20% in price. According to data from CoinMarketCap, PYTH has risen 20.4% in the past 24 hours, reaching $0.49 when writing. At the same time, token trading volumes showed explosive growth, increasing by 158% to $204.2 million. Source: CoinMarketCap Year-to-date, PYTH has grown steadily, gaining over 43% in just one month. The latest sharp jump in the PYTH rate is happening amid the announcement of the Binance crypto exchange about its upcoming listing. According to the…

ZetaChain’s token surges by 64% amid crypto market decline

The price of the ZetaChain project token, an EVM-compatible layer-1 blockchain, soared after listing on the largest centralized exchanges (CEX). According to CoinMarketCap data, over the past 24 hours, the token price was $0.9042, or 64% more than the previous day. Also, on Feb. 1, the coin reached an all-time high of $1.21 after the announcement of listing on leading CEXs, including Bitfinex, OKX, and others. Trading volumes for the token have skyrocketed, reaching over $60 million in the last 24 hours. ZetaChain price | Source: CoinMarketCap In August 2023,…

CoinDesk Mothballs DESK Reward Token Program

These users began transferring large amounts of DESK to “collector” wallets on-chain. Even though our terms of service prohibited trading DESK, a secondary market nevertheless emerged where people were trading it, thus assigning it a value which we never intended it to have. DESK became a tool that we no longer fully controlled. This is a risk with blockchain and decentralization. Ultimately we made the determination that the product, as built, wasn’t serving us and our community effectively. Source