Ethereum reached a new all-time high above $2.660 per unit, while the Solana, Terra and Polygon tokens are leading the market with growth of more than 30%. This and more news in this handy daily summary so you are always informed with those most recent events that happen within the crypto world.
Cryptocurrencies and altcoins
📍Ethereum (ETH) achieves a new all-time high driven by renewed interest in DeFi. The second most important cryptocurrency in the markets by capitalization reached a new value of $2.670, while its market capitalization exceeds $300.000 billion.
Experts also attribute investor enthusiasm for Ethereum to a significant reduction in the network's transaction fee fees, which comes just days before Berlin's mainnet activation. At the time of this edition, commissions on the network range between 8 and 10 dollars.
📍 DeFi tokens Solana, Terra and Polygon lead the crypto space this week with rallies of more than 20%. PancakeSwap (CAKE), Uniswap (UNI), and Aave (AAVE) are the fastest growing DeFi tokens so far this week, up 40%, 26%, and 20%, respectively. On the other hand, Solana (SOL) and Terra (LUNA) show growth of 38% and 30%, respectively. while Polygon (MATIC) is the token with the highest growth, exceeding 110%.
📍Likewise, the price of Bitcoin (BTC) continues to recover in the markets, after the hash rate of the network will begin to grow. At press time, BTC has managed to break through the $55.000 barrier again. BTC is trading at a value of $55.400 per unit, and its market capitalization is once again above $1 trillion.
The rapid recovery of Bitcoin, which had fallen to $47.000 last week, renews analysts' hopes of seeing the cryptocurrency reach six figures before the end of the year. Investor Dan Tapiero noted that Bitcoin is showing a TD buy signal very similar to that seen in March 2020, when Bitcoin plummeted to $3.600.
NFT and DeFi Markets
📍Jose Delbo, renowned Marvel comics artist, launched a collection of NFT inspired by the enigmatic Satoshi Nakamoto, creator of Bitcoin. The collection, called “Satoshi The Creator – The Hero We Deserve” is available currently on the Nifty Gateway NFT marketplace.
Development and Technology
📍The developers of Bitcoin Core discuss the possible integration of Kalle Alm as assistant to Luke dashjr in his duties as Bitcoin BIP editor. According to the proposal Featured by Dashjr, Alm will help you as a BIP editor to make the job of merging PR into the BIPs repository on GitHub easier. So far, several developers are in favor of integrating Alm as an assistant to the BIP editor, while some other Bitcoin code developers, such as Greg Maxwell, are against this initiative.
📍1inch, one of the decentralized finance protocols (DeFi) most used in the industry, announced the launch of a wallet Compatible with Apple iPhone. The new wallet is now available in the Apple virtual store. According to the description From the app, the new 1inch DeFi wallet has a built-in DEX aggregator and is compatible with ERC-20 assets from Ethereum and the BSC.
Rules and Regulations
📍Eun Sung-soo, President of the Korea Financial Services Commission (FSC), is ordering officials of the entity, related to the management of cryptocurrency policies, to submit a report on their investments and holdings in cryptocurrencies and digital assets by May 7. According to the report from a local media, the president of the FSC wants to prevent a scenario similar to the fiasco experienced by real estate speculation caused by the state company Korea Land and Housing Corp (LH) from occurring; where it appears that many of their employees took advantage of government-run data to their advantage.
IMPORTANT: Bit2Me News reminds you that before making an investment you must educate yourself and know where you invest your money, as well as the pros and cons of the system. Everything written here is for informational and educational purposes and should not, under any circumstances, be taken as investment advice or recommendations. We separate ourselves from the actions and consequences that ignorance may entail. If you decide to invest in this or another asset class, you are solely responsible for the consequences that your decisions and actions may have.
Continue reading: Polygon's MATIC token grew 80% this week, fueled by mass adoption
