Which of the 4 altcoins Nasdaq praised? There is a surprise on the list!
Praise for 4 altcoins from Nasdaq, the second largest stock exchange in the USA after the New York Stock Exchange. Check out our news for these altcoins.
Which of the 4 altcoins Nasdaq praised? There is a surprise on the list!
The Nasdaq Stock Exchange, where the stocks of hightech companies, especially technology and IT companies, are listed, is the highest after the New York Stock Exchange (NYSE) in terms of trading volume. US-based stock market with trading volume. Both major stock exchanges continue their activities in New York, USA.
Nasdaq’s March bulletin gave place to 4 cryptocurrencies and these 4 altcoins were praised.. The first of these altcoins is the crypto money project, which is closely followed in our country; Avalanche (AVAX).
- Avalanche (AVAX)
Cornell Founded by Emin Gün Sirer, a professor at the University, Avalanche (AVAX) is a Decentralized Finance (DeFi) platform that allows interoperability between third parties.. Simply put, Avalanche is a blockchain-based platform where smart contracts can process more transactions than Ethereum, much faster but at a lower cost.
AVAX is trading at $28.40 per hour of writing.. AVAX is the 35th most valuable cryptocurrency with a market cap of $3.63 billion.
- Cardano ADA
One of the developers of Ethereum Charles Hoskinson founded his own project, Cardano, after parting ways with Ethereum. Cardano has become a pretty fast blockchain after a series of updates. There may be a strong competition between Cardano-Ethereum in the future.
Which of the 4 altcoins Nasdaq praised? There is a surprise on the list!
The ADA/USD pair has seen significant increases in value recently.
- DogeCoin (DOGE)
DogeCoin has a large fan base. This community attracts a lot of attention in the cryptocurrency markets by organizing interesting events. Elon Musk’s social support to Doge, which turned from a digital joke to a real project, caused the project to be appreciated thoroughly.
Please See: Bitcoin news, agenda and last minute developments
We hope Doge will continue on its way as a competitive project by transferring its momentum to R&D expenditures.
- Stellar (XLM)
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Ripple and Stellar have the same mission: Both cryptocurrencies offer blockchain-based exchange and transformation in international fund transfer. But Ripple got sued with the SEC and is having a bad day right now.. This process may work out in Stellar’s favour.
But there’s a fly in the soup! There is an organic relationship between the founder of Stellar and Ripple.
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DEX wars are heating up, Uniswap has a rival
The year 2020 witnessed the explosion of DeFi. In 2021, DEXs, the decentralized exchanges of the DeFi field, are in demand.. Uniswap is currently the leader of the DEX world, but PancakeSwap powered by Binance Smart Chain has caught up with Uniswap. The DEX war is heating up.
According to DappRadar data, the total value of BNB coins (TVL) locked on DeFi DEX PancakeSwap has exceeded $6 billion.
With a tweet from PancakeSwap’s official Twitter account, it was announced that $ 6 billion was reached..
SushiSwap is in decline
Uniswap is stuck at $5.4 billion in TVL, according to DappRadar data. On the other hand, SushiSwap, which has made a good debut in the last two months, is also declining.. There is $4 billion in TVL for SushiSwap.
According to The Block data, SushiSwap’s trading volume increased by 73.3% in January.. SushiSwap trading volume dropped 13.6% yesterday.
In the last 24 hours, PancakeSwap trading volume was $612 million, Uniswap $553 million, and SushiSwap $154 million in DappRadar data took place as.
DEX coin prices falling
PancakeSwap native token CAKE coin has increased by 2500% since the beginning of 2021. CAKE coin achieved ATH on February 20 with $20. CAKE is currently trading at $17.89.
UNI coin price is also in a downtrend. UNI coin is currently trading at $28.74 but has dropped by 12.64% in the last 7 days.
SUSHI coin also fell 4.33% in the last 24 hours. SUHSI coin is trading at $15.57.
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Elon Musk said DEFI this time too!
The CEO of Tesla and SpaceX makes new statements regarding Bitcoin and crypto money markets. This time, Elon’s agenda is DeFi (decentralized finance) applications.
Elon Musk sleeps with Bitcoin, gets up with DeFi. Every day, we expect Elon Musk to tweet about cryptocurrencies.. DeFi’s, decentralized finance applications, was on the agenda of Musk, who most recently tweeted “You can buy Tesla with Bitcoin.” /p>
He shared the tweet about DeFis today as “Don’t challenge DeFis”. See the tweet below.
DeFis are the generic name for decentralized finance applications that are traded on the Ethereum blockchain.. Meanwhile, DeFis do not necessarily need to be transacted on the Ethereum network.. In this regard, Ethereum is dominating the market.
Thanks to DeFis, crypto money investors can perform almost all their financial transactions without the need for any intermediaries.. By “don’t be challenged,” Musk is probably addressing the traditional players of the banking and financial system and Wall Street wolves.
Please See: Bitcoin news, agenda and breaking news