Mexico’s Central Bank to Launch its Digital Currency in Next 3 years to “Advance Financial Inclusion”

Mexico’s Central Bank to Launch its Digital Currency in Next 3 Years to “Advance Financial Inclusion,” says the Government

The central bank of Mexico will launch its own digital currency by 2024, announced the Mexican government on social media.

“Banxico reports that it will have its own digital currency in circulation by 2024,” the Mexican government wrote on its official Twitter account this week.

In its post, the central bank said it considers these new technologies and the latest payment infrastructure “very important” and “valuable options to advance financial inclusion in the country.”

Banxico, the monetary authority of Mexico, however, hasn’t confirmed the development itself. The central bank is legally independent of Mexico’s government. An anonymous senior bank official also told Reuters that the announcement was “not official.”

A couple of weeks back, Banxico said in a report that it is actually studying and working on the development of a platform for the implementation of a digital currency but gave no details on timing.

This CBDC project aims to improve financial inclusion by opening accounts for the registration of a digital currency for both banked and unbanked people, the report added.

This week, the central bank of India also said that they need to adopt a basic model for its CBDC.

“Given its dynamic impact on macroeconomic policymaking, it is necessary to adopt basic models initially and test comprehensively so that they have minimal impact on monetary policy and the banking system,” the Reserve Bank of India (RBI) said in a report. “India’s progress in payment systems will provide a useful backbone to make a state-of-the-art CBDC available to its citizens and financial institutions,” it added.

The apex bank further said in its report ‘Trend and Progress of Banking in India 2020-21’ that the CBDC can offer myriad benefits such as liquidity, scalability, acceptance, faster settlement, and ease of transactions with anonymity to its users.

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Author: AnTy

Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi

Coinbase Predicts Substantial Growth of Newer L1 Chains & Institutionalization of Regulated DeFi

Cryptocurrency exchange Coinbase is seeing a growing focus on Ethereum competitors, the institutionalization of decentralized finance (DeFi), and non-fungible tokens (NFT).

This week, Surojit Chatterjee, Chief Product Officer at Coinbase, released some predictions for 2022. It noted that while it is expecting Eth scalability to improve, with crypto going mainstream, scalability changes for ETH are likely to grow further.

“I am optimistic about improvements in Eth scalability with the emergence of Eth2 and many L2 rollups,” said Chatterjee. He also sees the emergence of new L1s besides the current competitors like Solana and Avalanche. This, in turn, will lead to improvements in speed and usability of cross-L1 and L1-L2 bridges.

Zero-knowledge proof (ZKP) technology is also predicted to get increased traction both from users and investors, said Coinbase. This has already been seen with Polygon and Starknet. With this, new privacy-centric use cases will emerge, bringing more regulatory attention to crypto as KYC/AML could be a real challenge in privacy-centric networks.

In the world of DeFi, Coinbase sees these protocols embrace regulation, have separate KYC user pools and insurance. The growth of regulated DeFi will result in institutions playing a much more significant role in this sector, who are attracted to much higher interest-based returns compared to traditional financial products.

As for NFTs, Chatterjee sees them continue expanding and becoming the next evolution of users’ digital identity to the metaverse. “We’ll see creator tokens or fan tokens take more of a first-class seat,” he added.

These metaverses created by users will become the future of social networks and start threatening today’s advertising-driven centralized versions of social networks.

Besides users, brands will also jump into NFTs for marketing and establishing loyalty. Already this year, tech giant Facebook (now Meta) has rebranded itself as a Web3 company, and Coinbase sees other big Web2 companies joining the Web3 and metaverse, but they will be centralized and closed networks.

The latest trend of decentralized autonomous organizations (DAOs) will also become more mature and mainstream, said Chatterjee. But as more people join DAOs, DAO 2.0 will take its place.

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Author: AnTy

Russia’s Largest State-Owned Bank Introduces Country’s First Crypto and Blockchain ETF

Sberbank, the largest and state-owned Russian bank, has introduced the country’s first exchange-traded fund (ETF) to offer exposure to companies involved in the blockchain industry.

The fund launched by the bank is called Sberbank Blockchain Economy ETF that trades on the Russian stock market under the ticker “SBBE,” Sber Asset Management said in a statement.

The new ETF aims to track the Sber Blockchain Economy Index and provide its investors’ exposure to crypto trading firms, including publicly listed crypto exchange Coinbase (COIN), crypto asset management firm Galaxy Digital, and Digindex, a blockchain software provider.

Besides these firms, the index also covers crypto and mining companies and firms providing consulting services in the industry.

“There are hardly any people left who have never heard of blockchain,” said Evgeny Zaitsev, General Director of Sberbank Asset Management, noting that direct investments in crypto-assets are associated with high risks; as such, they propose to invest in companies that are involved in the development of blockchain technologies than in crypto assets.

The ETF will give its investors exposure to the “blockchain economy without the difficulties associated with the direct development, purchase, storage, and sale of digital assets,” the company said in a press release.

Meanwhile, Russia’s central bank has been vocal about its stance against crypto, with Governor Elvira Nabiullina saying recently that they don’t want people to invest in crypto. Another official called this a “financial pyramid,” saying in no unclear terms that they have a “negative attitude” towards crypto assets.

The central bank also said that it is looking to ban crypto investments in the country, citing their usage in money laundering and terrorism financing. However, more than $5 billion transactions have been conducted in the country annually, said the Central Bank of Russia in its November report.

Like other countries, Russia is also working on a ruble-backed central bank digital currency (CBDC).

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Author: AnTy

SEC Commissioner says NFTs Might Fall Within Their Jurisdiction, Gensler Hires Senate Aid for Crypto Policy

SEC Commissioner says NFTs Might Fall Within Their Jurisdiction, Gensler Hires Senate Aid for Crypto Policy

The US Securities and Exchange (SEC) Commissioner Hester Peirce commented on crypto market participants like Coinbase and Senator Cynthia Lummis (R-Wyo.) calling for one regulator to oversee the cryptocurrency market.

While she understands the interest in an exclusive regulator, Peirce, aka ‘Crypto Mom,’ has a problem with it.

“Typically in Washington, when you build another regulator, all you get is all the existing regulators plus one,” she said in an interview with CoinDesk.

Yet again, Peirce also commented on the lack of guidance and “little concrete regulatory progress” from the authorities, saying that all that the SEC has managed to do all this time is “just one-off enforcement actions,” which have further risen under SEC Chair Gary Gensler’s leadership.

“I’m just hopeful that we set our minds to work at building something that makes sense in terms of regulatory clarity, instead of always just falling back on enforcement,” said Peirce, noting that Gensler’s approach to crypto regulation has been far aggressive than his predecessor, Jay Clayton, which shows that he wants to draw clear lines for the industry.

Talking about non-fungible tokens (NFTs), which exploded into popularity this year, Peirce said, “certain pieces of it might fall within our jurisdiction.”

She wants people involved in NFTs to be thoughtful of “potential places where NFTs might run into the securities regulatory regime,” such as fractionalized NFTs, an area she recommended people to be “careful.”

Spot Bitcoin ETF Approval?

Under Gensler, the market got its first Bitcoin futures ETF, but we are still no way closer to a spot bitcoin ETF. Recently, several applications for physically-backed Bitcoin ETFs were delayed or rejected on the ground that the underlying market hasn’t matured and is subject to manipulation.

Peirce called these reasonings “outdated,” and because she doesn’t understand the agency’s reasoning for denying the spot ETF applications, she found it difficult to predict the possibility of a spot ETF approval next year.

“Chair Gensler has said he wants to see platforms registering with us,” Peirce said. “So maybe that’s what it takes for a spot product to get approved.”

This week it was also announced that Gensler had hired a senior adviser specializing in cryptocurrency.

Corey Frayer, who has a degree in International Economics and Finance and spent a decade working as a senior adviser to members of Congress before becoming a senior staffer on the US Senate Committee on Banking, Housing, and Urban Affairs, has been chosen for the role.

This appointment is in line with Gensler’s plan to establish a regulatory framework for crypto in 2022.

Frayer’s new role at the SEC will be about “policymaking and interagency work relating to the oversight of crypto assets.”

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Author: AnTy

A Possible Crypto Recovery Moving into New Year, Risk-on Sentiments Send Stock Market to Record Highs

Bitcoin and Ether continue to struggle as they trade around $48k and $3,800 respectively on Friday.

The leading cryptocurrency is now testing a key technical level that has been acting as a floor for Bitcoin over the past two years.

The latest drop in the largest crypto asset’s price has taken it to its 55-week moving average, a decisive break below which would take it to as low as $40,000.

According to Katie Stockton of Fairlead Strategies, a research firm focused on technical analysis, Bitcoin has notched a new short-term buy signal and suggests a two-week rebound. However, it is “low-conviction” due to another measure as per which conditions aren’t oversold, she said.

While crypto is struggling at the end of the year, the stock market hit a new all-time high driven by improved sentiments as governments resist imposing new, widespread lockdowns, even as the new coronavirus variant, Omicron, surges.

The risk-mood sent Wall Street’s main indexes to end the year with their sharpest three-year surge since 1999. The S&P 500 had its 69th record close of the year as it made a new high and is up 28.8% in 2021.

The Dow Jones Industrial Average also closed at all-time highs, rising for a sixth session and up 19% in 2021. The tech-heavy Nasdaq is also up 23% this year and recorded 98 new highs.

As a result, the dollar has also fallen at the low end of its recent ranges as investors favor riskier assets. The benchmark 10-year yields meanwhile reached 1.56%, the highest since late last month after the Treasury sold $56 billion in seven-year notes to weak demand. All eyes are now on the impending US interest rate hikes.

The stock market is currently enjoying the “Santa Claus Rally” that typically occurs in the last five trading days of the year and the first two of the new year. As the crypto market failed to have a “Santa Claus Rally,” investors and traders are now waiting for the rally that comes in the first ten days of a year.

This year “has seen crypto and blockchain mass adoption increase significantly with a large influx of institutional investments that has renewed confidence in this sector,” said Walid Koudmani, an analyst at XTB Market. That “could ultimately lead to significant price gains and increased volatility as retail investors attempt to catch up,” he added.

The crypto market is currently expecting 2022 to be a positive year for Bitcoin and the majority is further not expecting a repeat of the 2018 bear market.

“We can expect relief moving into the new year and a possible recovery drive,” said Joe DiPasquale, CEO of BitBull Capital. “$100,000 is definitely on the charts, but the timing can vary, especially as macro economic policy shifts and regulations start to emerge in the year,” he added.

While the major crypto assets, Bitcoin and Ether, are struggling to rally, altcoins have shone brightly this year with massive gains. Retail investors are likely distracted by these rallies in alternative coins.

“That puts some pressure on Bitcoin as well,” said Rosh Singh, CEO, and founder of Quadency, in an interview. Still, “a lot of people in crypto are pretty optimistic about the next year and think we should see a rally with the way that things have been going,” he added.

Despite the ongoing weakness in the price action, MicroStrategy purchased another $94 million worth of Bitcoin in December. The coin is down 17.5% in the last month of 2021 but still up 62% this year.

The business intelligence company bought 1,914 BTC this time and now owns a total of 124,000 Bitcoin, acquired at an aggregate price of $3.75 billion.

This month, CEO Michael Saylor said on the company’s investor day call with shareholders that they are now looking for ways to generate yields on its Bitcoin stash by either “putting a lien on it” or a “mortgage against it.”

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Author: AnTy

UAE Introduces New Law to Combat Crypto Crime, Allows Licensed Cryptocurrency Offering & Promotion

UAE Introduces New Law to Combat Crypto Crime, Allows Licensed Cryptocurrency Offering & Promotion

The United Arab Emirates (UAE) is introducing new rules to promote cryptocurrency development while curbing digital currency scams targeting investors in the country.

Under the new rules, crypto scammers will face prison time for up to 5 years and a penalty of up to AED 1 million (just over $272k), starting January 2, 2022.

Previously, the UAE laws banned promoting crypto but didn’t penalize it, but now, in a first for the country, the amendments have been introduced to punish those who promote or encourage a dealing in crypto that is not officially recognized in the UAE or post misleading ads or inaccurate data about any product.

The new law will also punish those raising money from the public without a license from competent authorities.

It was only last month that the new legislation was introduced by the UAE President as part of several legal reforms.

Much like the rest of the world, there has been a rise in crypto scams in the UAE, with the most recent and publicized one being the DubaiCoin scam which claimed to be launched as Dubai’s official cryptocurrency.

It was later discovered that the project was phishing data and money from investors. The Dubai Government then released an official statement in May dismissing claims of the coin being the official crypto of Dubai, but many had fallen prey to the fraud already.

Dispute resolution lawyer at ADG Legal Kostubh Devnani said,

“The positive news is that apart from the new laws, and UAE stepping up efforts to combat financial crime, courts in other (particularly common law) jurisdictions have been willing to grant remedies normally applicable to physical or tangible property to victims of crypto scams, such as freezing orders and orders for production of information.”

The UAE does not recognize crypto as a legal tender, but there are no direct bans on cryptocurrencies either.

In fact, those engaging in crypto-related activities such as offering, issuing, promoting, listing, and trading of cryptocurrencies are required under the new law to be licensed by the Securities and Commodities Authority (SCA).

The new Online Security Law that replaces the previous law ‘Concerning Anti-Cybercrimes’ is one of the first comprehensive legal frameworks in the region to address the risks associated with the illegal use of cryptocurrencies and enhance consumer protection.

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Author: AnTy

StarkWare Proposes to Deploy Aave on its ZK-Rollup L2 StarkNettw

StarkWare Proposes to Deploy Aave on its ZK-Rollup L2 StarkNet

A new proposal has been submitted to Aave’s governance forum that calls for deploying the DeFi lending protocol to StarkNet, StarkWare’s permissionless and decentralized ZK-Rollup.

Yael Doweck, product manager at StarkWare, submitted the proposal to onboard the protocol on behalf of StarkNet creator, much like MakerDAO has on its L2.

“With the success of the Polygon and Avalanche markets, deploying on StarkNet incurs additional value for Aave,” noted the proposal.

While Polygon was a sidechain that has its own security model, StarkNet is an L2 solution that brings Validity rollups added security on top of L1’s. As such, StarkNet aims to attract applications and users that would be hesitant to onboard to sidechains.

In addition to its security, StarkNet’s capital efficiency in terms of a shorter withdrawal period will allow this deployment to connect liquidity between networks efficiently, it said.

Currently, 14 DeFi and gaming applications have been built on StarkNet, and it also has a partnership with one of the leading centralized exchanges, OKEx.

StarkWare, the core StarkNet protocol developer, proposed co-funding this effort alongside the DAO on a 50/50 basis.

Aave is one of the leading decentralized finance protocols with $14.15 billion of assets locked in it, down from a $19.13 bln high from late October, making it the fourth-largest DeFi project. Meanwhile, its governance token AAVE is trading around $248, 62.5% off of its all-time high in May this year.

The DeFi project has also partnered with decentralized financing protocol Centrifuge to allow small and medium enterprises to access the liquidity available in the crypto market by tokenizing real-world assets. After tokenizing the likes of bridge loans, freight invoices, and trade receivables, among others, Aave will use those tokens as collateral.

“The RWA Market bridges the regulated world of TradFi to the trustless world of DeFi,” Centrifuge developer End Labs’ Co-founder Lucas Vogelsang said. “It’s a huge step for the Aave Protocol.”

The idea is to “allow Aave depositors to earn yield against stable, uncorrelated real-world collateral” by building a bridge between the DeFi capital and the real-world businesses. Meanwhile, Centrifuge issuers will be able to stake collateral and borrow from the market across a wide variety of asset classes.

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Author: AnTy

Binance Registering As A Money Services Business in Canada, Exchange is Financing a $113M Initiative in France

Binance Registering As A Money Services Business in Canada, Exchange is Financing a $113M Initiative in France

The leading cryptocurrency exchange Binance will continue to operate in Ontario, Canada, after having a successful discussion with the regulators.

In June, the exchange told its users that they would no longer stay open in Canada’s most populous province and asked users to close their accounts by Dec. 31.

At the time, the Ontario Securities Commission (OSC) issued a statement of allegations against several crypto exchanges, including Bybit, Poloniex, and KuCoin, claiming that they failed to comply with their regulations.

Earlier this year, the OSC had warned crypto trading platforms that they must contact the regulators if they want to operate in the province or face regulatory action.

Now, Binance has told its users in an email this week that they have had an “ongoing and positive cooperation” with FINTRAC, Canada’s national financial intelligence agency.

“Binance in Canada has been successful in taking its first steps on the regulatory path by registering in Canada as a Money Services Business with FINTRAC‚” Binance told its users in Ontario on Wednesday.

“This registration allows us to continue our operations in Canada and resume business in Ontario while we pursue full registration.”

France, Here We Come!

The company is currently working on bolstering its presence all over the world, including France.

Binance is financing a 100 million euro ($113 million) initiative, dubbed Objective Moon, first announced in November, with France FinTech to support the blockchain and crypto industry in France.

Binance will be establishing a research and development (R&D) office in France, which is seen as the first step towards the next evolution.

“The aim of Objective Moon is really to develop an ecosystem and to nurture and accelerate an ecosystem. You cannot do it alone,” David Princay, Binance’s French GM, told CNBC.

Crypto hardware wallet, Ledger, which was recently valued at $1.5 billion, along with OpenClassroom, is also involved in Objective Moon to develop educational programs to increase awareness of blockchain, crypto, and Web3.

Binance is also in discussions with regulators in France on licensing, said Princay adding, the “aim is to be 100% compliant in every activity and country we operate.”

France’s digital minister Cedric O was also present with Binance at Objective Moon’s announcement.

“It’s a very positive sign for innovation,” he said of regulation for crypto in France and Europe.

“We need to be fully scrutinized and audited to pass, and that’s for the better because when we’re going to pass, it is going to be a sign of trust, compliance.”

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Author: AnTy

The Sandbox Is Migrating to Ethereum Sidechain Polygon and Launching A DAO in 2022

The Sandbox Game Is Migrating to Ethereum Sidechain Polygon and Launching A DAO in 2022

Virtual real estate platform, the Sandbox, is planning to move to Polygon, a layer-2 scaling solution for Ethereum, to better cater to its growing audience. Polygon has been seeing an increasing amount of interest from applications and users who are priced out of Ethereum due to its high fees and slow processing.

The Ethereum-based Metaverse play-to-earn (P2E) is migrating to Polygon to minimize transaction fees and network congestion when interacting with the game.

“The metaverse needs to be built by the people,” said The Sandbox co-founder and COO Sebastien Borget in an interview.

“Once they’re building with our tools and they create experiences that will be ready to be open to the public—and we’re live on layer-2 for publishing experiences on their LANDs—I think that will be a great time to start.”

Once the game makes its transition to Polygon, the game will be able to launch more widely to the public.

Polygon’s MATIC token is one of the top performers in 2021, with 14,000% returns.

There is also a plan to launch a DAO (decentralized autonomous organization) in 2022 to give LAND owners the right to vote on changes to be made in the game. Additionally, LAND NFTs will be released throughout next year.

The Sandbox game was developed and released by game studio Pixowl in May 2012 and acquired by Animoca Brands in 2018. In this virtual world, players can build, own, and monetize their gaming experiences using NFTs and its utility token SAND.

Much like MATIC, the $5.34 billion market cap cryptocurrency SAND is also leading the gains and is up 15,700% this year.

The Sandbox virtual world is also made up of LAND, which are the digital pieces of real estate, and players can buy them to further build experiences on top of it.

Celebrities like rapper Snoop Dogg and brands like Adidas, Atari, and The Walking Dead have all acquired LAND in The Sandbox. This has created “network effects” to drive others to join in.

The team is further working on allowing LAND-owning creators to build and share their interactive experiences.

Last month, the company finally opened its Alpha test period after years of being in development to let people play in its metaverse. Those who have purchased an Alpha Pass NFT could access a larger number of games, and earn token rewards, unlike those without a pass that can only try a few samples and that too without any rewards.

Borget said the reaction to the initial Alpha test, which concluded on December 20, was largely positive. The game had tens of thousands of players during the alpha test, and the number of unique LAND owners surged past 17,000.

The Sandbox now plans to launch similar playtesting periods every couple of months next year.

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Author: AnTy

Bitcoin and Ether Dump More Going Into Year-End, ETH Killers Showing Great Momentum

Just before the end of the year, the crypto market continues to take a beating. After the initial green start of the last week of 2021, prices have only been going down.

This rout further extended to late Wednesday and early Thursday when Bitcoin price dipped further just under $45,900 and Ether to about $3,585. As of writing, BTC/USD has been trading above $47k while Ether is also over $3,700.

While the leading cryptocurrency is down 31.6% from its $69,000 all-time high early last month, Ether is only down about 24%. This month, however, Bitcoin is down 17.5% compared to ether’s almost 20%, according to Skew.

But while Bitcoin managed to record losses less than Ether, the latter’s 2021 gains at 407% are still greater than Bitcoin’s only 60%.

“It’s not really that clear to the world at large, to the mainstream, that what’s really happening with Bitcoin, with Ethereum, with this whole bucket of technologies…is really a revolution in software development,” said Coinlist CEO Graham Jenkin in an interview. “Blockchain technology represents a totally new way to build, distribute and run software.”

The largest cryptocurrency has shown a positive correlation with the S&P 500 Index this year. But this week, S&P 500 rose to new highs while Bitcoin has only been recording losses.

With the subdued price action, the cryptocurrency’s volatility has also decreased. Even during the winter festive season and weekends, which have seen thin volume, the cryptocurrency has failed to have any wild swings.

“A lot of traders have made life-changing money in 2021 and have been waiting to take profits until after the turn of the year to delay tax payments until 2023,” said Sergio Silva, sales director at Fireblocks. “That’s another source of selling pressure that could cascade into additional weakness in January.”

But despite the ongoing weakness in the crypto market, exchange-traded fund investors (ETF) are still putting money into these products.

The ProShares Bitcoin Strategy ETF (BITO), the first Bitcoin futures ETF that started trading in October, has attracted more than $40 million in December for the third straight monthly inflows.

Investors have also poured in $6.5 million into another futures ETF, the Valkyrie Bitcoin Strategy ETF (BTF), since the end of last month, its third consecutive month of inflows as well.

2021 belongs to altcoins and not Bitcoin or Ether. The biggest gainers this year have been the NFT pay-to-earn (P2E) game Axie Infinity (AXS) whose gains have been more than 15,900%, and the NFT-based virtual world The Sandbox (SAND), whose returns have been 15,550%. AXS 1.17% Axie Infinity / USD AXSUSD $ 94.97
Volume 180.63 m Change $1.11 Open $94.97 Circulating 60.91 m Market Cap 5.78 b
10 h Bitcoin and Ether Dump More Going Into Year-End, ETH Killers Showing Great Momentum 1 d South Korean Exchange Suspends Withdrawals to External Wallets, Govt. Reaches Out to Apple and Google to Block P2E Apps 2 d Axie Infinity Daily Revenue Plunges Over 94% from Peak as Daily Active Addresses Drops by 72%
SAND 1.32% The Sandbox / USD SANDUSD $ 5.91
Volume 1.16 b Change $0.08 Open $5.91 Circulating 919.5 m Market Cap 5.43 b
9 h The Sandbox Game Is Migrating to Ethereum Sidechain Polygon and Launching A DAO in 2022 10 h Bitcoin and Ether Dump More Going Into Year-End, ETH Killers Showing Great Momentum 6 d Is This The Beginning of the Santa Rally? Markets Jump in Asia Session

Ethereum killers have been another good play of 2021, with Polygon (13,860%), Terra (12,960%), Fantom (12,260%), and Solana (9,320%) leading this rally.

MATIC 3.24% Polygon / USD MATICUSD $ 2.56
Volume 1.93 b Change $0.08 Open $2.56 Circulating 7.16 b Market Cap 18.32 b
7 h StarkWare Proposes to Deploy Aave on its ZK-Rollup L2 StarkNet 9 h The Sandbox Game Is Migrating to Ethereum Sidechain Polygon and Launching A DAO in 2022 10 h Bitcoin and Ether Dump More Going Into Year-End, ETH Killers Showing Great Momentum
LUNA 1.41% Luna Coin / USD LUNAUSD $ 0.01
Volume 0 Change $0.00 Open $0.01 Circulating 1.71 m Market Cap 13.68 K
10 h Bitcoin and Ether Dump More Going Into Year-End, ETH Killers Showing Great Momentum 2 d UST Grows 55x to Become the 4th Largest Stablecoin, Terra DeFi Ecosystem Amasses $18B in Assets 6 d Is This The Beginning of the Santa Rally? Markets Jump in Asia Session
FTM -1.91% Fantom / USD FTMUSD $ 2.10
Volume 607.67 m Change -$0.04 Open $2.10 Circulating 2.55 b Market Cap 5.34 b
10 h Bitcoin and Ether Dump More Going Into Year-End, ETH Killers Showing Great Momentum 3 d Bitcoin Is Back Above $51k and Ether $4,100 as The Cryptocurrency Market Goes Green 3 w ETHBTC Hits New 2021 High, Dogecoin and Ethereum Price Leading Google Trends in 2021
SOL 0.92% Solana / USD SOLUSD $ 172.53
Volume 1.51 b Change $1.59 Open $172.53 Circulating 309.48 m Market Cap 53.39 b
10 h Bitcoin and Ether Dump More Going Into Year-End, ETH Killers Showing Great Momentum 1 w Bitcoin and Ether Breaks Trend With Outflows While Altcoins Continue to See Inflows 1 w Crypto Outliers: Terra (LUNA) Amasses $16.9 Bln & Surpass BSC, Avalanche (AVAX) Aims for 1 Million Daily Transactions

“While Bitcoin showed strength in 2021, we’ve seen a constant stream of capital trickling down into altcoins,” Arcane Research wrote in a note. The firm’s analysts predict the strongest momentum in tokens related to GameFi and the metaverse, along with “ETH-killers” targeting Ethereum.

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Author: AnTy