
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.
$84,794.00
0.20%$1,973.23
-3.53%$2.45
-4.02%$623.66
2.40%$128.99
-2.24%$0.9999
0.01%$0.728069
-1.62%$0.170099
-1.73%$0.231025
0.27%$1,973.03
-3.46%$84,584.00
0.14%$3.72
-0.17%$14.38
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-3.90%$0.999724
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0.45%$2.40
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0.01%$0.999734
0.01%$14.62
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1.05%$6.73
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1.28%$1.044
0.01%$5.47
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0.04%$2.72
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2.29%$51.86
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0.15%$11.30
-0.54%$0.02605349
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0.15%$258.26
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1.55%$0.384571
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0.99%$0.212845
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1.70%$84,109.00
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1.86%$11.19
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0.00%$1.00
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0.05%$0.637642
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5.32%$0.999941
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0.03%$84,304.00
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2.32%$3,043.65
0.27%$0.01723159
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0.17%$0.999614
0.01%$0.715784
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2.18%$0.0000007
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-0.58%$84,601.00
0.05%$0.184408
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-3.59%$0.423904
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0.04%$0.109236
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1.38%$8.34
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6.04%$0.00619241
9.68%$17.16
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0.03%$3.43
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1.16%$140.91
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1.08%$0.270691
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0.37%$2,093.14
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1.96%$1,975.28
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10.03%$1.00
0.04%$0.221076
7.80%$1.26
1.93%$0.087902
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0.01%$1.08
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0.37%$2.44
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0.05%$0.383608
8.47%$42.62
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0.16%$0.889289
-0.81%$2,055.34
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3.74%$1.31
0.07%$2,007.21
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0.32%$1,967.74
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0.44%$84,586.00
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2.45%$0.998988
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0.13%$0.03276238
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2.11%$0.262956
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26.29%$0.277628
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11.88%$0.03024625
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1.52%$2,083.18
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0.28%$1,986.27
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4.08%$0.01275065
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-0.71%$0.999545
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11.62%$1,699.07
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1.19%$4.23
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-2.01%$0.413591
-1.36%$0.539477
2.84%$0.265271
-0.29%$0.00256715
-2.07%$0.00034023
9.68%Cryptocurrencies behind several layer 1 blockchain networks have all jumped double-digits this morning.
Solana, a speedy proof-of-stake (PoS) blockchain, has enjoyed a jump of more than 16% over the past 24 hours. The layer-1 token's rise could be attributed to Coinbase, the largest U.S.-based crypto exchange, listing two Solana-based tokens, Bonfida (FIDA) and Orca (ORCA).
Additionally, the network’s leading crypto wallet, Phantom, just raked in another $109 million. Paradigm led the latest round, pushing the wallet provider's valuation to $1.2 billion.
Tezos is also enjoying a heady start to February. Another PoS-based network, XTZ has risen 5% over the past 24 hours, according to data provided by CoinMarketCap.
Often pitched as a “green alternative” to Ethereum, the network’s most recent rise comes on the heels of a new deal between Warner Music Group and a Tezos-based NFT marketplace called OneOf.
“Partnering with OneOf, a leader in the emerging technology space of Web3 and NFTs, gives our artists an edge in more authentically building one-to-one relationships with their fans and winning in the new Web3 economy,” Oana Ruxandra, Warner’s VP of business development.
Terra, a DeFi-centric layer-1 protocol built using Cosmos, has also rebounded by nearly 12% after a brutal week which resulted in LUNA, the network’s native token, shedding nearly 20%.
LUNA’s gains appear to revolve around returning trust in the network’s U.S. dollar-pegged stablecoin. Last week, the stablecoin briefly fell below $0.99, according to CoinGecko.
As for Bitcoin and Ethereum, the leading cryptocurrencies are also enjoying a rebound since both fell to lows not seen since last summer.
Today, Bitcoin is up by nearly 2.6% and Ethereum is up 7%.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.