From September 13 to 19, 2021, the cryptocurrency market tends to fall again. More than half of the altcoins show declines, while the few that register growth have advanced to more than 40%, according to statistics from Live Coin Watch.
The weekly top is headed by avalanche (AVAX) that reached a new historical maximum (ATH) after receiving new investments. They follow him shiba inu (SHIB), which was boosted by its listing on the Coinbase platform; and monero (XMR), which is now included in the application of the US fund Kingdom Trust.
The list closes with IOTA (MIOTA), selected as one of the technology providers for the blockchain of the European Union; and polkadot (DOT), which is already supported on the PrimeXBT platform.
The price of bitcoin remains on the rise, gaining 3.9% in these seven days. The price of the cryptocurrency remained in the range of $ 43,000 and $ 48,000.
According to the Glassnode market report, despite the sharp price drop that occurred last week, the outgoing flow of BTC from major exchanges was $ 1.2 billion.
According to analysts, this figure confirms that bitcoin accumulation continued despite the sharp correction. This has been more noticeable in the segment of long-term holders, defined by Glassnode as those who hold their BTC for more than 155 days.
On the other hand, ether (ETH), the cryptocurrency of Ethereum, loses 1.7% of its value in this period, trading between USD 3,190 and just over USD 3,664.
CriptoNoticias reviewed a recent proposal by the co-founder of Ethereum, Vitalik Buterin, who has taken the search for solutions for the saturation of the network as a personal mission.
Buterin raised the possibility of migrate non-fungible tokens (NFT) to second layers of Ethereum, Like the rollups. I would not do it to a single rollup, but through an interoperability system that allows NFTs to be used in several of these solutions.
Meanwhile, other relevant cryptocurrencies by market capitalization also show declines. XRP loses 3.7%; dogecoin (DOGE) down 3.4%; cardano (ADA) drops 11.5%; and litecoin (LTC) depreciates 3.3%. Only polkadot (DOT) showed an advance the first five days of this week, which exceeded 10%, although the value of the cryptocurrency tends to fall in the last hours.
AVAX registers new ATH after investment of USD 230 million in Avalanche
According to information released on September 16, the Avalanche blockchain network had a massive cash injection of more than $ 230 million from a group of venture capital funds. The fact has caused the network token reaches a new all-time high.
The price of AVAX exceeded 64 dollars, the highest value in its history that it had reached on September 12. For this September 18 the cryptocurrency reached a peak of USD 75.09, which becomes its new ATH up to now.
AVAX rose to more than 44% over the course of the week, an average estimated at just over 18% at press time.
According to the Avalanche post, Polychain and Three Arrows Capital are leading the investment. They are joined by R / Crypto Fund, Dragonfly, CMS Holdings, Collab + Currency, Lvna Capital and a group of angel investors and family offices.
The note adds that the Avalanche Foundation will use the proceeds to support and accelerate the rapid growth of projects related to decentralized finance (DeFi), business applications, and other use cases on your public blockchain.
“Support for the projects will include grants, token purchases and various forms of investment and technological support,” they state.
The market capitalization of AVAX is USD 16,071 million and the daily trade volume is USD 1,490 million.
Shiba Inu soars after addition to Coinbase and endorsement of Elon Musk
The price of the Shiba Inu (SHIB) meme cryptocurrency skyrocketed on September 17 after traders began trading the token on Coinbase. The information was confirmed by the exchange in a tweet in which made the addition of SHIB to their platform official.
“Coinbase customers can now trade, send, receive or store SHIB in most regions where Coinbase operates,” the announcement read. “The trading of these assets is also compatible with Coinbase Pro”, where it had been suspended after a first launch on June 17, as reported by CriptoNoticias.
In addition to the Coinbase announcement, the rise of SHIB is also indirectly related to billionaire Elon Musk, who posted a tweet on September 12 about the arrival of a new Shiba Inu puppy named Floki.
The message was followed by a modest 2.62% rally in SHIB / USDT rates. In this way, Musk continues to influence the group of tokens related to canine themes, among which are Dogecoin, BabyDoge and Floki Inu.
SHIB’s growth in seven days was 13.5%. The market capitalization of the token is estimated at USD 4.605 million and the daily trading volume is USD 298 million.
Kingdom Trust allows investors to include monero in their regulated accounts
Kingdom Trust, an investment fund that offers cryptocurrency custody services in the United States, included on your list of crypto assets a monero (XMR), a cryptocurrency that stands out for its privacy.
The information was published in a tweet from the bottom of this September 17. It was later shared on the Monero Reddit account. The message explains that in addition to XMR, the solana (SOL) and NEO tokens were also added to the Kingdom Trust’s Choice application.
They add that this fact allows investors operate with monero in so-called IRA accounts (Individual Retirement Account). It is a type of individual retirement account that responds to tax rules and maximum contribution limits established by the United States Internal Revenue Service.
The addition considered an important milestone for the adoption of XMR, taking into account that the cryptocurrency operates with restrictions in the US This is due to the fact that its properties that protect the privacy of users are frowned upon by the US authorities.
Amid these advances, the value of XMR rose more than 5%. The rise has been steady since September 13, driving the value of the cryptocurrency to a high of more than $ 275 on September 19.
The market capitalization is USD 4.818 million and the daily trade volume is USD 151 million.
IOTA will develop infrastructure for blockchain of the European Union
The non-profit organization IOTA and its technology has been named as one of the seven providers selected to develop the European Blockchain Services Infrastructure (ESBI), designed by the European Commission as the main public blockchain platform in the region.
The news was released through a IOTA tweet in which they indicate that, with this election, they will have the opportunity to become part of ‘the backbone of the digital single market of Europe.”
The Commission explains that EBSI’s vision is to leverage blockchain to the creation of cross-border services for public administrations and its ecosystems. The nodes of the network will be managed by both the Commission and the individual Member States of the region.
On the selection of suppliers, Dominik Schiener, co-founder and president of the IOTA Foundation, commented that EBSI fits perfectly with their philosophy, both technologically and ideologically.
“Our core technology already offers a near perfect match with the stringent requirements and precise specifications for a European accounting infrastructure, and is ready for widespread adoption with minimal adjustment.”
The information is giving a significant boost to the price of MIOTA. The cryptocurrency has experienced an increasing advance since September 14. By Friday the 17th it had a peak of more than $ 1.75 per unit. On average, its advance has been above 3%.
At press time, MIOTA’s market capitalization is $ 4.37 billion and daily trade volume is $ 59.5 million.
PrimeXBT adds Polkadot and 6 other crypto assets to its platform
In an announcement published on September 15, the PrimeXBT exchange reported on the inclusion of polkadot (DOT) and six other cryptocurrencies to its platform, which offers multi-currency trading services, forex and operations with cryptocurrencies, commodities and stock indices.
The list of crypto assets added to the exchange includes cardano (ADA), solana (SOL), dogecoin (DOGE), chainlink (LINK), uniswap (UNI) and XRP, which can be traded in a new batch of trading pairs that they were implemented from September 15.
The PrimeXBT team ensures that these altcoins were added as part of the expansion plans and “the continued effort to provide platform users with a wide range of portfolio diversification options.”
They add that DOT, SOL, ADA, DOGE, UNI, LINK and XRP are available for trading using margin accounts based on BTC, ETH, USDT and USDC, with a leverage of up to 1:20.
In this context, the price of DOT has been on the rise since September 13, with successive corrections. It peaked at $ 38.16 on the 14th. On average, it gained more than 0.9% for the week.
As of press time, the market capitalization is USD 34,734 million and the daily trade volume is USD 802 million.