• About
  • FAQ
  • Landing Page
Thursday, February 25, 2021
  • Login
  • Register
CryptocoinPress
No Result
View All Result
  • Latest
  • Blockchain
  • Bitcoin
  • Ripple
  • Ethereum
  • Contact Us
  • Latest
  • Blockchain
  • Bitcoin
  • Ripple
  • Ethereum
  • Contact Us
Thursday, February 25, 2021
  • Login
  • Register
No Result
View All Result
Cryptocoinnews.co.uk
No Result
View All Result
Home Blockchain

Polkadot Flips Litecoin To Become Fourth-Largest Cryptocurrency

N.N (Neon Network) by N.N (Neon Network)
January 14, 2021
in Blockchain
54 4
0
Polkadot Flips Litecoin To Become Fourth-Largest Cryptocurrency
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


Prime sensible contract protocol Polkadot seems to be on a red-hot streak because it just lately broke into the upper echelons of cryptocurrencies. It seems DOT, the sensible contract protocol’s native token, is now the fourth-largest cryptocurrency within the trade based mostly on market cap.

A Month-Lengthy Rally Continues

Per knowledge from CoinMarketCap, DOT’s market capitalization now sits at $10.68 billion. With Litecoin’s market cap nonetheless pegged at $9.72 billion, DOT seems to have constructed a substantial lead and is at present sitting fairly at #4. The asset nonetheless has a $Three billion hole to shut if it hopes to flip XRP and break into the highest three.

DOT’s rise is approaching the heels of a stable week for it. Over the previous 24 hours, the asset’s worth has jumped by 28 %. Nonetheless, whereas it’s simple to imagine that the asset is barely holding robust this week, you’d be incorrect. DOT reached a brand new all-time excessive final month, breaking the$11 mark for the primary time. Since then, the asset has continued to coast off its momentum – in addition to that of Bitcoin.

Yesterday, Michael van de Poppe, a dealer on the Amsterdam Inventory alternate, explained that DOT might nonetheless drop to key assist areas round $7.5. if that occurs, the asst might rally to a brand new all-time excessive and probably consolidate above the $20 mark.

#Polkadot is without doubt one of the strongest bouncers at the moment because it hit one of many ranges I’ve marked beforehand.

Most likely some extra consolidation, nevertheless, I believe it is only a matter of time earlier than we see $DOT above $20. pic.twitter.com/qQwXlJtwzl

— Michaël van de Poppe (@CryptoMichNL) January 13, 2021

Lofty Targets for 2021

The protocol might even have a a lot larger 2021 because it seems to resolve scalability points plaguing a number of decentralized finance (DeFi) initiatives. Final month, Christian Wooden, the protocol’s creator, revealed a roundup of its performances in 2020 and highlighted a few of its plans.

Within the roundup, Wooden identified DOT’s dominance within the staking scene. Knowledge from Staking Rewards reveals that 60 % of the asset’s circulating provide is locked in staking wallets.  

Wooden additionally defined that the Polkadot blockchain has been doing appreciable work in making certain blockchain interoperability and connectivity. Final yr, the protocol launched Substrate, a blockchain constructing framework that enables seamless integration between blockchains. The yr additionally noticed the emergence of initiatives like Acala – Polkadot’s foray into the DeFi area – and Moonbeam, an Ethereum-compatible toolkit that allows sensible contract improvement.  

As for plans going into 2021, Wooden confirmed that builders are engaged on bringing extra cross-chain interoperability into the crypto market. He identified the launch of Substrate 3.0, an improve to the blockchain framework that can lastly get full Ethereum compatibility. Polkadot plans to launch the improve earlier than the tip of 2021;’s first half.  

Success with these initiatives might assist Polkadot usher in a brand new age for DeFi.





Source link

Related articles

US Judge Strikes Out Securities Fraud Case Against Bancor

US Judge Strikes Out Securities Fraud Case Against Bancor

February 24, 2021
1.5k
Asian Banks Collaborate on Cross-Border CBDC Project

Asian Banks Collaborate on Cross-Border CBDC Project

February 23, 2021
1.5k
Share76Tweet47

Related Posts

US Judge Strikes Out Securities Fraud Case Against Bancor

US Judge Strikes Out Securities Fraud Case Against Bancor

by N.N (Neon Network)
February 24, 2021
0
1.5k

Decide Alvin Hellerstein of a federal district courtroom in the USA (US), has struck out a securities fraud class...

Asian Banks Collaborate on Cross-Border CBDC Project

Asian Banks Collaborate on Cross-Border CBDC Project

by N.N (Neon Network)
February 23, 2021
0
1.5k

World regulators proceed to work on methods in a bid to manage their potential crypto markets. One subject that...

The 7 Biggest Crypto Scandals of 2020

The 7 Biggest Crypto Scandals of 2020

by N.N (Neon Network)
February 22, 2021
0
1.5k

Feb 22, 2021 16:48&nbspUTC | Up to date: Feb 22, 2021 at 16:50&nbspUTC By&nbspClark The Bitcoin rocket bounce of...

Experts Propose Ways to Make Decentralized System More Efficient

Experts Propose Ways to Make Decentralized System More Efficient

by N.N (Neon Network)
February 21, 2021
0
1.5k

With the excessive rise of Bitcoin and different cryptocurrencies, the mainstream attraction has shifted in direction of digital belongings....

The future of NFTs in DeFi: A spoken communication with Aavegotchi’s Jesse Johnson

REN price meetings 60%, drumming a novel high after recent DeFi integration

by N.N (Neon Network)
February 20, 2021
0
1.5k

Feb 20, 2021 07:05&nbspUTC | Up to date: Feb 20, 2021 at 07:05&nbspUTC By&nbspClark REN value spikey to a...

Load More
  • Trending
  • Comments
  • Latest
Chinese Govt. Inks Partnership With Huawei To Speed Up Blockchain Adoption

Chinese Govt. Inks Partnership With Huawei To Speed Up Blockchain Adoption

April 14, 2020
XRP Poised for a Massive Movement if it Confirms This One Technical Pattern

XRP Poised for a Massive Movement if it Confirms This One Technical Pattern

April 10, 2020
Why $6,600 is the Level To Watch During Bitcoin's (BTC) Weekly Close 17

Why $6,600 is the Level To Watch During Bitcoin’s (BTC) Weekly Close

April 12, 2020
Why a Central Bank Digital Currency (CBDC) Will Be Launched Soon 18

Why a Central Bank Digital Currency (CBDC) Will Be Launched Soon

April 10, 2020
Large Players are in Full Bitcoin Accumulation Mode as On-Chain Activity Grows

Large Players are in Full Bitcoin Accumulation Mode as On-Chain Activity Grows

0
XRP Poised for a Massive Movement if it Confirms This One Technical Pattern

XRP Poised for a Massive Movement if it Confirms This One Technical Pattern

0
An Indicator That Called Every Bitcoin Top With 86% Accuracy: Big Drop is Imminent

An Indicator That Called Every Bitcoin Top With 86% Accuracy: Big Drop is Imminent

0
Bitcoin Tanks Under $7,000 After Rallying 100% From Bottom: What's Next?

Bitcoin Tanks Under $7,000 After Rallying 100% From Bottom: What’s Next?

0
US Judge Strikes Out Securities Fraud Case Against Bancor

US Judge Strikes Out Securities Fraud Case Against Bancor

February 24, 2021
Asian Banks Collaborate on Cross-Border CBDC Project

Asian Banks Collaborate on Cross-Border CBDC Project

February 23, 2021
The 7 Biggest Crypto Scandals of 2020

The 7 Biggest Crypto Scandals of 2020

February 22, 2021
Ripple (XRP)

Ripple (XRP) Rallies 20%, Why Dips Could Be Attractive

February 22, 2021
bitcoin

Bitcoin (BTC)

$ 47,940.00
ethereum

Ethereum (ETH)

$ 1,519.53
cardano

Cardano (ADA)

$ 1.11
litecoin

Litecoin (LTC)

$ 186.64
bitcoin-cash

Bitcoin Cash (BCH)

$ 509.13
stellar

Stellar (XLM)

$ 0.391265
tron

TRON (TRX)

$ 0.046401
Cryptocoinnews.co.uk

© 2020 Cryptocoinnews Crypto Coin News UK.

Navigate Site

  • Contact Us
  • Bitcoin
  • Blockchain
  • Ethereum
  • Ripple

Follow Us

No Result
View All Result
  • Contact Us
  • Homepages

© 2020 Cryptocoinnews Crypto Coin News UK.

Welcome Back!

Sign In with Facebook
Sign In with Google
Sign In with Linked In
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Facebook
Sign Up with Google
Sign Up with Linked In
OR

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • YAMYAM(YAM)$1.27-98.65%
  • bitcoinBitcoin(BTC)$48,140.00-0.87%
  • ethereumEthereum(ETH)$1,524.96-3.45%
  • Binance CoinBinance Coin(BNB)$238.58-0.40%
  • cardanoCardano(ADA)$1.119.80%
  • tetherTether(USDT)$1.00-0.40%
  • PolkadotPolkadot(DOT)$32.470.56%
  • rippleXRP(XRP)$0.449667-1.86%
  • litecoinLitecoin(LTC)$186.646.61%
  • chainlinkChainlink(LINK)$25.92-4.51%