Polygon dives
Chainlink and Polkadot - the nine percenters
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$119,316.00
1.20%$3,628.43
5.89%$3.49
7.22%$752.14
4.57%$180.05
1.80%$0.99996
0.03%$0.245074
13.63%$3,619.35
5.92%$0.332685
6.78%$0.856128
6.18%$119,248.00
1.24%$45.81
-1.57%$4,385.47
6.08%$0.481313
1.46%$4.01
-0.41%$18.50
7.34%$0.273599
10.26%$531.77
6.89%$24.37
6.00%$3,890.80
6.03%$0.00001514
4.92%$3,631.81
5.98%$108.98
8.32%$8.96
1.69%$3.30
1.43%$0.999903
0.03%$4.45
4.67%$0.998257
-0.17%$45.55
1.22%$10.72
20.04%$335.54
-1.68%$119,149.00
1.10%$5.08
7.83%$0.00001366
-0.54%$1.003
0.24%$331.83
2.52%$0.122703
9.90%$418.53
-2.74%$24.04
20.23%$2.96
4.27%$5.54
6.30%$0.455363
3.45%$1.18
0.16%$1.054
1.21%$6.05
6.51%$218.95
2.32%$48.82
2.79%$1.00
0.00%$0.00003485
-6.13%$0.306806
4.23%$0.780711
2.71%$0.403404
4.94%$0.096615
3.51%$0.480125
6.93%$0.02850173
10.11%$5.10
6.30%$4.26
3.38%$0.245375
3.77%$0.999886
-0.02%$3,601.20
5.31%$0.812197
5.19%$0.359705
-0.23%$10.45
3.19%$1.18
5.47%$2.89
7.40%$16.50
3.75%$4.51
-0.22%$0.03017187
-2.57%$0.087206
8.16%$1.059
0.04%$191.45
2.00%$118.75
2.38%$3,801.57
5.96%$1.83
0.32%$4,136.42
6.10%$119,673.00
1.03%$0.557457
1.91%$0.00452258
-15.18%$4.98
1.24%$11.97
1.34%$0.998725
-0.13%$1.48
-1.31%$2.07
4.42%$0.999903
0.03%$0.02030715
10.19%$14.42
3.00%$0.086223
8.13%$0.79707
10.79%$4.74
9.14%$0.871117
4.26%$1.003
1.50%$3,810.86
6.09%$1.002
0.11%$3,868.12
5.80%$1.33
-0.04%$0.406468
3.86%$3,922.02
6.10%$0.00013245
-0.73%$1.88
2.18%$3,819.29
5.64%$119,166.00
0.96%$1.001
0.05%$0.609248
9.11%$0.112621
5.56%$1.086
-1.47%$0.996969
-0.21%$0.168838
5.40%$752.79
4.83%$202.19
1.74%$1.088
15.25%$119,005.00
1.08%$28.44
6.92%$0.598527
5.80%$3,364.95
1.19%$2.74
5.43%$0.241976
4.80%$0.939181
8.97%$121,072.00
0.34%$0.0200892
8.21%$11.25
82.68%$1.11
-0.01%$235.35
1.83%$0.999788
0.06%$0.01795258
4.51%$0.341411
6.43%$3,356.48
1.19%$0.928066
1.66%$0.137897
7.13%$3,628.40
5.89%$2.94
-0.63%$3,855.17
5.46%$0.730271
10.62%$3,820.88
5.68%$4.60
8.28%$46.64
5.02%$2.03
5.20%$0.00000073
4.88%$111.83
0.01%$0.26692
-2.75%$0.428596
5.74%$0.998812
0.04%$3.61
4.02%$2.09
0.15%$0.346114
7.34%$0.00718062
15.04%$119,018.00
0.99%$0.999796
0.00%$0.01882775
-1.73%$0.461324
-0.41%$3,629.47
6.00%$1.09
-0.19%$0.244396
13.85%$0.062544
0.94%$0.00000157
-3.27%$0.00883477
0.35%$119,266.00
0.95%$29.70
2.58%$0.583781
5.47%$1.67
2.71%$0.997966
0.05%$0.708814
5.24%$0.342605
-9.41%$3,860.20
5.98%$119,415.00
1.34%$0.00955851
-0.09%$1.34
1.21%$0.108944
8.25%$0.152437
6.56%$45.82
-1.49%$4,004.75
5.84%$3,626.83
5.77%$0.073971
0.49%$0.692989
5.24%$1.001
0.07%$0.999914
0.01%$0.514711
4.65%$7.85
5.66%$1.16
0.06%$3,611.06
5.70%$0.203893
2.75%$7.16
6.27%$17.55
5.73%$53.22
4.73%$0.421348
2.34%$1.001
0.13%$1.56
0.13%$0.443085
0.54%$3,917.24
4.50%$0.439195
-2.86%$0.00000047
3.62%$0.334918
2.43%$2.80
5.41%$0.222099
-0.50%$8.06
-1.38%$0.063069
3.26%$0.00002291
4.03%$45.78
-1.21%$3,622.53
5.55%$0.093258
5.75%$0.04459066
5.06%$10.75
0.00%$3,630.05
5.85%$0.934762
4.29%$0.16133
4.34%$0.59569
5.38%$1.72
-1.26%$0.00411778
1.20%$1.093
0.03%$1.00
0.03%$4,366.69
5.62%$0.995215
1.12%$0.995046
-0.44%$119,112.00
1.93%$0.00778357
2.45%$0.00576742
0.42%$0.393632
6.16%$1.42
1.68%$148.12
3.46%$196.48
1.82%$0.396458
-4.77%$0.588575
4.97%$0.03898775
4.49%$1.00
0.03%$0.00006838
6.26%$29.61
5.91%$0.01970313
4.57%$12.77
3.28%$24.37
5.85%$0.799667
11.14%$0.86687
5.02%$119,115.00
0.96%$4.35
-6.72%$3,825.48
6.33%$0.244679
3.73%$0.03343051
0.83%$0.762846
1.33%$0.00414927
4.42%$0.999924
0.04%$21.28
0.27%$1.15
-1.21%$0.00372062
-2.90%$4,091.88
6.00%$0.328937
5.54%$3.68
16.89%$7.50
5.44%$0.998802
-0.02%$0.999254
-0.06%$0.00000153
-1.37%Reading
Polkadot, Chainlink, Polygon and ICP all took losses on or near 10% overnight as the global crypto market lost 4.6% of its market cap in 24 hours.
ICP took the biggest hit according to data aggregator Nomics. Dfinity’s ambitious project, the blockchain based ‘Internet Computer’ that hopes to compete with the $370 billion cloud computing industry, has been in freefall since launch. It declined in value a further 15% overnight, trading at $56.64 at the time of writing.
That’s a long way off its former (and very brief) all-time high of $700 on launch day.
Other losses in the top 20 cryptocurrencies by market capitalization were less severe, but no less pronounced. Polygon (MATIC), fell 10% to trade at $1.2. Bad news for the Mark Cuban-backed Indian crypto startup, which has been working to scale faster than Ethereum.
Ethereum, the second biggest blockchain after Bitcoin, processes over 1.1 million transactions a day. That’s way off centralized non-crypto alternatives, like Visa’s payments network, capable of processing 150 million transaction a day. Ethereum’s scalability bottleneck has inspired a few projects hoping to solve the issue. Polygon and Cardano are two of the best-known blockchains trying to beat Ethereum at its own game.
Last month, Google added Polygon to its BigQuery service, enabling users access to detailed analytics relating to the network. Two days ago, Polygon announced that, together with DeFi protocol 0x, it is spending $10.5 million to get users onto the Polygon network. 0x’s own native token also took a hit today. It’s down 7% to trade at 86 cents.
Finally, the prices of Chainlink and Polkadot both dropped by 9% in the last 24 hours. Chainlink currently trades at $21.05 while Polkadot is at $20.59. Yesterday’s news that Polkadot plans to build ‘cross-chain bridges’ for greater interoperability between blockchains has done little to curb today’s downturn.
The two leading cryptocurrencies, Bitcoin and Ethereum, enjoy a position of relative comfort today. Bitcoin fell almost 5% overnight to hit $35.6k, while Ethereum sank a modest 3%, landing on $2,390.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
Ripple co-founder and Executive Chairman Chris Larsen has moved $26 million in XRP—the cryptocurrency he helped create—over to Coinbase, blockchain data shows. XRP, the third-biggest cryptocurrency by market cap, was recently trading for $3.35, just 2% below its 2018 all-time high mark of $3.40, according to data from crypto data provider CoinGecko. Over the past seven days, the asset has shot up in value by 34%, hitting its highest price since January. Ripple's press office didn't respond to...
Pseudonymous Bitcoin creator Satoshi Nakamoto is now the 11th richest person in the world, as the inventor's BTC portfolio—based on wallets tied to the long-silent crypto icon—has risen above $130 billion, according to Arkham Intelligence. It comes as the leading cryptocurrency has hit a spree of new all-time highs, rising by 14% over the past month. That puts the elusive figure’s net worth above that of Microsoft co-founder Bill Gates, who is worth $117 billion, and Dell Technologies founder Mi...
An Australian man is attempting to break the world record for the “most tattoos of the same name,” while livestreaming the journey on Solana meme coin platform Pump.fun. What name is he tattooing on himself? Pump.fun, of course. The 27-year-old told Decrypt that the world record attempt is part of a broader plan to become a full-time livestreamer with a “virtual tattoo studio.” Zachary Gollan, also known as Donnie Darko on X, has tattooed “Pump.fun” on his arm 415 times as of Thursday morning,...