Tag: Decred

  • Best Performing Cryptocurrencies of This Week

    Best Performing Cryptocurrencies of This Week

    When things look dire and bleak, a great way to scour out strong cryptocurrencies is by turning one’s attention towards those that achieved all-time highs (ATH). These are great bets to play on considering the positive sentiment that has driven up the prices to record highs. There is a reasonable probability within these cases to assume such momentum can be pulled through further throughout the upcoming days.

    top cryptocurrencies

    As of the writing of this article, the following cryptocurrencies hit the ATH mark:

    ATH Coins

    Monsterra

    Monsterra (MSTR) was among the big winners of recent days, which reached a peak price of $0.346 earlier today. The token has been in circulation only since Wednesday last week and had started off with a downward slide to an all-time low of $0.211 by Friday. The following days saw impressive growth that pushed up its price by nearly 35% to its early ATH aforementioned.

    Rocki

    Rocki has shown incredible performance lately, with a climb of nearly 40% in just the last 24 hours. This also saw the token push up to a record new high of $0.0603 yesterday, indicating the rapid momentum of the fast-gaining cryptocurrency. What is most incredible was the sudden nature of the growth surge, with ROCKI jumping up 97% almost instantaneously, in a manner that few could have predicted.

    Qlindo

    Qlindo had also shone bright today, making its way to the top. Having been in trade since only the 9th of August, the token broke prior records and touched $0.0281. The token was typically overlooked in the prior weeks but interest surrounding it continuously grew in the prior days. Yesterday saw its 24-hour trade volume jump from $250,000 to $900,000, whereas today the figure stands at nearly $2.2 million.

    Geegoo Puzzle

    Geegoo Puzzle (GGP) too made it on the list of the week’s top names reaching its ATH of $26 on Saturday. Earlier, on the same day, the token was trading at a mere $15.78 and had been driven up with an incredible volume surge of optimists, in a remarkable 65% jump. Although GGP is now back down to $17.80, its steady climb brings hopes of a potential bounce back. Similarly, its present trade volume of nearly $4 million further adds to the hopes of its holders.

    Fracton Protocol

    Fracton Protocol (FP) was amongst the week’s remarkable players that made it to its ATH in a record-shattering climb. Although FP has been in circulation for barely two weeks, it has seen quite the roller coaster. Upon initiating a trade, FP jumped massively from $1.16 to $1.60. This boost was short-lived, and the next several days brought a steady decline. Things took a turn on Saturday when FP began regaining its price, eventually peaking at $1.97 on Tuesday.

    Top Moving Cryptocurrencies (24H)

    Another area that crypto-investors can look towards in an environment of ‘extreme fear’ is that of the biggest gainers of the day. This highlights which coins still have confident traders backing their rise amidst all the doom and gloom seen. The following cryptocurrencies stand as having gained the most in just the last 24 hours alone:

    Bluzelle

    Bluzelle (BLZ) took the lead amongst the winners of the day, shooting up from $0.097, right up to $0.188, which indicates a boost of nearly 94%. Although BLZ is presently trading at $0.156, its gains for the day still stand at an incredible 62%, making it among the top winners of the day, as of yet. In the last 24 hours, the cryptocurrency has taken the market by storm, with investors rushing to get a piece of this cake. Today’s BLZ trade volume surged by over 600% to a present figure of $280 million.

    ThetaDrop

    ThetaDrop (TDROP) also performed spectacularly, seeing a price jump from $0.0068 to a daily peak of $0.0117, indicating a sharp 72% between the highest and lowest points of the day. As the day continued, TDROP began approaching stability, with its present gains down to almost 50%, which is still spectacular considering its opening price. Volume however continues an upward climb, with the present figure just having crossed the $17 million mark.

    Vita Inu

    Vita Inu (VINU), the canine-themed governance coin continued its month-long steady climb, with the last 24 hours bringing in the most spectacular single-day jump of 105%, which is presently down at a still remarkable 70%. Present trends indicate that the day’s gains could potentially be a lot higher than what we presently see. This is further reinforced by its steadily increasing trade volume. In the last 24 hours, trade volume has almost doubled to over $5.2 million.

    Loom Network

    Loom Network (LOOM) has taken over the market spotlight, given the spectacular growth it has achieved, in an almost instantaneous manner. The token jumped up from $0.045 to $0.053, seemingly out of nowhere, which brought in drives of investors to be a part of the show. This then had further seen a tremendous jump to $0.059, putting the gain figure above 31%. Throughout this time, volume had surged from $1 million to a staggering $86 million, with no sight of a slowdown.

    Decred

    Decred (DCR) has also managed to come in with a 26% gain in the last 24 hours. In its jump from $26 to $38, the coin brought in quite some delight to its holders, which then saw a storm of interested traders rush the coin. As a result, DCR, which by yesterday had a trading volume of $1.6 million, is presently at a volume level of above $25 million. Because of this, many expect even more impressive growth as the day continues.

  • Everything you need to know about Decred (DCR)

    Everything you need to know about Decred (DCR)

    Decred is based on a Bitcointalk forum proposal for the Memcoin2 cryptocurrency from April 2013. Tacotime, a Bitcointalk user, proposed the new cryptocurrency and collaborated with _ingsoc, another Bitcointalk user, and Jake Yocom-Piatt to implement the hybrid (combining elements of public blockchains characterized by decentralized data and control and distributed governance and private blockchains primarily characterized by low latency and high scalability) Proof-of-Work (“PoW”) / Proof-of-Stake (“PoS”) consensus system from Memcoin2 to create a new project known as DCR.

    Essentials of Decred

    PoS was a significant development in the blockchain world, allowing users to stake their coins and so have a vote in the blockchain’s governance system. People are chosen to participate, and as a result, they are granted the authority to reach an agreement on governance.

    When explaining Decred, there are three key stages to consider:

    • The first is security, as the Proof-of-Work (PoW) – Proof-of-Stake (PoS) consensus method makes it much more difficult to hack than other PoW or PoS consensus chains.
    • The second feature is flexibility, which allows proposals to be promptly and fairly examined and adopted.
    • The Decred ecosystem’s resilience is the third factor to consider. It is centered on long-term objectives and long-term growth. The initiative has argued for decentralization from the start. Decred’s self-funding method, which was created to overcome the problems associated with traditional crypto project fundraising, exemplifies this.

    Price Movement – Decred

    At the time of writing DCR is being traded at the price of $88.06 with a decrease of almost 3.39% in the last 24 hours. DCR is a really strong token fundamentally. The maximum and minimum today are $100.08 and $87.11 respectively. The daily trading volume has increased by almost 179.04%. DCR had created its ATH in April 2021 and reached a price of almost $250. Even after the reversal, DCR still hasn’t been able to recover from the damage and is trading even lower than the bottom of June 2021.

    Price Prediction – Decred (DCR)

    According to wallet investor thinks that DCR is a good investment. According to them, in one year, DCR would be worth around $196.995. In a five-year time span, the price is expected to reach a value of $610.347.

  • Cryptocurrencies to watch this week

    Cryptocurrencies to watch this week

    Cryptocurrencies have been gaining momentum as the market recovers after the crash. We have compiled a list of some of the cryptocurrencies that have shown great potential to watch out today!

    Theta Fuel (TFUEL) is one of the high performing cryptocurrencies of the week. Theta Fuel has increased by 23% in the past week – making it a top performer. Theta Fuel has regained from its 30-day low of $0.16 and is trading hands at $0.35 at the time of publication. Theta Fuel’s price has increased by 5% since the past day while the daily trading volume has also increased by nearly 30%. Theta Fuel is a gas and utility token in the Theta ecosystem along with Theta (THETA) which is the governance token.

    One of the top-performing coins of the week is Enjin Coin (ENJ). The cryptocurrency has had a 20% increase in the past week. It has been a painful recovery process but Enjin Coin has done it with the highest growth achieved in the week. Enjin Coin had fallen from a high of $4 to a low of $1.09. At the time of writing, the cryptocurrency stands at $1.56. The price has fallen 5% in the past day while the daily trading volume has also declined by 50%. Enjin is a social gaming platform on the blockchain.

    Decred (DCR) has had a growth of 11% in the week. Decred established its all-time high at $250. It subsequently fell to a 30-day low of $88. Having gained backed momentum ever since the cryptocurrency is trading hands at $159 at the time of press. Decred crypto has paused its upside moment and has declined by 8% in the past day while the daily trading volume is increasing.

    Helium (HNT) has been a good performing cryptocurrency ever since the market crash. It was one of the cryptocurrencies with the lowest decline. Helium established its all-time high three days ago, right after the market crash when cryptocurrencies were struggling with bullish momentum. The ATH has been established at $23. Helium has declined ever since with a price of $15 at the time of writing but the price had been decreasing the past twenty-four hours.

    Chainlink (LINK) has been increasing in the weekly timeframe. The decentralized oracle provider has become one of the sought-after projects. Chainlink has been on sharp pullbacks to the upside ever since the strong bearish momentum subsided in the market. After a low of $15, Chainlink has increased by nearly 50% – currently standing at $30 at the time of press. The price has been on a slight downtrend in the past twenty-four hours while the daily trading volume has also declined by 30%.

  • Cryptocurrencies Touching All-time Highs – (Bitcoin, Ethereum, Wrapped Bitcoin, Decred, Nexo)

    Cryptocurrencies Touching All-time Highs – (Bitcoin, Ethereum, Wrapped Bitcoin, Decred, Nexo)

    Cryptocurrencies vie upwards as the bulls continue to dominate the market. Every day, new cryptocurrencies establish new all-time highs. Here is a list of the top five all-time high coins.

    Bitcoin – the king of the market has made a comeback as it broke strong resistance levels and established a new all-time high at $62,849. The bull run of the market continues as indicated by the market leader, once again, moving upwards. 

    Ethereum – the queen of cryptocurrencies had been on a strong bullish uptrend, breaking resistance after resistance. Ethereum (ETH) made another record high at $2,227. The rise of DeFi is propelling cryptocurrency upwards.

    Wrapped Bitcoin (WBTC) is a tokenized version of Bitcoin that is based on the Ethereum block chain which allows Bitcoin to be used on decentralized applications. WBTC is backed 1:1 by Bitcoin so the ATH of Bitcoin will pull WBTC upwards. Wrapped Bitcoin established its all-time high at $62,934.

    Decred (DCR) has been on an upward trend since November 2020. The cryptocurrency reached an all-time high at its current price of $198. The daily trading volume of $41,765,500 has also increased by 43% in the past 24 hours. Decred cryptocurrency was launched with the aim of creating a sustainable ecosystem of open governance and community interaction. 

    Nexo (NEXO) is a lending platform based on block chain that provides instant cryptocurrency loans. Nexo is on a steady upward trajectory. It established a new all-time high at the current price of $3.45.

  • 5 Cryptocurrencies With New All-Time Highs – (Binance Coin, Tezos, FTX Token, Decred, Ethereum)

    5 Cryptocurrencies With New All-Time Highs – (Binance Coin, Tezos, FTX Token, Decred, Ethereum)

    The cryptocurrency bull run appears to continue with new cryptocurrencies making all-time highs every day. We have compiled a list of cryptocurrencies that have achieved a new all-time high.

    The queen of the market, Ethereum (ETH), has established a new all-time at $2,174. Ethereum had been flirting close to its previous all-time high. At the time of press, Ethereum stands at $2,128. Generally, the queen follows the king of the market closely but breaking the norm, it went higher than expectations by establishing the new record high. The performance of the coin can be attributed to the upcoming ETH2.0 upgrade which will tackle the scalability problem Ethereum is facing along with many other improvements.

    Binance Coin (BNB) has been one of the best performing cryptocurrencies. In the yearly timeframe, Binance Coin has had an 1800% increase in its performance. BNB went up from an average coin to the third ranked in the market. The coin suffered from retracements after establishing its all-time high at around $300 but the bulls have once again picked up and a new all-time high at $388 has been established.

    Tezos (XTZ) established a new all-time high at $6.47 at the time of press. The trading volume of $1,468,277,032 has went up by around 300%. The smart contracts platform which bears resemblance to Ethereum has a market ranking of 29. The coin is still on an uptrend and a continuation with newer all-time highs can be expected. The performance of the coin can be attributed to the major developments going on in the Tezos platform. Blockchain venture studio, Draper GolenHolm, has announced its support for the Tezos ecosystem. The firm has plans of incubating and accelerating startups based on the Tezos network. Furthermore, lugh.io – a French firm – has also launched a stablecoin on the Tezos block chain.

    FTX Token (FTT) has been on an upward trajectory since the beginning of the new year with only minor pullbacks. After every pullback, the coin has established a newer all-time high as it did currently. FTX Token is now operating at a new all-time high price level of $44.84. FTT is the governance token of the cryptocurrency derivatives platform FTX.

    Last but not the least, Decred (DCR) has also established a new all-time high at $194 and the cryptocurrency has stabilized near the all-time high price level. Decred is a block chain based cryptocurrency with the aim to facilitate governance, sustainability and community interaction. The coin is ranked at 50 in terms of market capitalization with a daily trading volume of $31,199,204.