bitcoinlfg

Author: mbcrypto

  • Bitcoin, Ether rise; Cardano biggest gainer:Cryptocurrency Prices Today

    Bitcoin, Ether rise; Cardano biggest gainer:Cryptocurrency Prices Today

    Bitcoin traded above Rs 24 lakh. The market dominance of the world’s largest cryptocurrency dropped 0.09 percent to 45.84 percent over the last day.

    Major cryptocurrencies traded in the green early on May 30 as the global crypto market cap rose 4.43 percent to $1.25 trillion over the last day. The total crypto market volume over the last 24 hours rose 4.74 percent to $53.47 billion.

    The total volume in DeFi stood at $5.55 billion, 10.37 percent of the total crypto market 24 hour volume. The volume of all stable coins was $45.25 billion, which is 84.62 percent of the total crypto market 24-hour volume.

    Meanwhile TRON stablecoin surpasses $600 mn in market cap weeks after launchTRON’s decentralised stablecoin USD (USDD), similar to Terra’s recently crashed TerraUSD (UST) stablecoin, has surpassed $600 million in market capitalisation within weeks of its launch on May 5. Currently, USDD stands at rank 72 in terms of market capitalisation. By comparison, TerraUSD, launched in November 2020, gained a market capitalisation of $150 million in the first four weeks.

    As per Tronscan, the total number of TRX burned corresponding to TRON’S decentralised stablecoin, USDD, has crossed 7.2 billion tokens. Meanwhile, TRON blockchain Founder Justin Sun hinted that he’s aiming for the 8 billion TRX burn mark. The total supply of USDD has exceeded over 600 million. With the mint of each USDD, $1 worth of TRX tokens are burned.

  • 2 billion SHIB worth $26,000 burned over past 7 days in 236 transactions!!

    2 billion SHIB worth $26,000 burned over past 7 days in 236 transactions!!

    As per Shibburn, 2,417,015,301 Shiba Inu tokens worth over $26,000 were burned over the past seven days. It took 236 transactions to send these tokens to dead wallets.

    Over 168 million tokens were burned over the past 24 hours (from Saturday morning-Sunday morning). Burning tokens may, in theory, increase the cryptocurrency’s price due to its scarcity in the market.

    Shiba Inu’s buying pressure has increased as trading activity on crypto exchange Coinbase shows 78% of investors have placed the cryptocurrency on ‘buy’, while it has been kept on ‘sell’ by only 22% of investors.

    This is the first time that SHIB’s buying pressure has crossed 70% since March. The cryptocurrency is currently trading at around $0.00001056.

  • Thanks to Elon Musk_Dogecoin overtakes Polkadot to become the 10th highest ranked coin!!

    Thanks to Elon Musk_Dogecoin overtakes Polkadot to become the 10th highest ranked coin!!

    Dogecoin has staged an impressive comeback to enter the top 10 highest-ranked coins after overtaking Polkadot in the last 24 hours to secure the 10th position. The meme coin has been behind Polkadot for some weeks now till it embarked on a near 10 percent surge in the late hours of yesterday.

    The digital asset is trading at $0.08, with a percentage surge of 5 percent in the last 24 hours as of press time. Regardless of its remarkable run, Dogecoin is still 88.9 percent down from its all-time high of $0.73 recorded on May 8, 2021. It currently has a market capitalization of $10.8 billion and a market dominance of 0.91 percent.

    The rally has been linked to the recent tweet by the Tesla founder Elon Musk, who disclosed that Dogecoin holders would soon be able to buy merchandise from the online store of SpaceX.

    This indicates that the world’s richest man has not given up on the project, but will continuously support the asset as previously pledged.

  • How have the 10 largest cryptocurrencies performed in last 7 days?

    How have the 10 largest cryptocurrencies performed in last 7 days?

    In the last seven days, Bitcoin has gone down 1.43%, while the second largest cryptocurrency in terms of market capitalisation, Ethereum, has dropped 9.79%. Solana has gone down 15.53% in the last seven days, the biggest drop among the top 10 cryptocurrencies. Meanwhile, Dogecoin and Cardano have dropped 4.02% and 12.91% respectively.

    LUNA 2.0 crashes 80% after hitting record $30 in first 30 minutes of trading.

    The new LUNA 2.0 token started trading on May 28 after it was airdropped to LUNA classic (LUNC) and UST classic (USTC) holders.LUNA 2.0’s price skyrocketed to record $30 in the first 30 minutes of trading and then crashed 80% to $5.30 in the next 3 hours. ByBit, Gate.io and KuCoin exchanges have listed LUNA 2.0.

    Ethereum whale buys 147 bn Shiba Inu tokens as 543 mn SHIBS get burnt

    Ethereum whale ‘BlueWhale0073’ has purchased 147.8 billion Shiba Inu tokens for $1.56 million, WhaleStats data showed. The purchase comes as the burn rate for SHIB has increased 493.41% and over 543 million Shiba Inu tokens were burnt in the last 24 hours. BlueWhale0073 currently ranks as the 312th largest Ethereum whale in its rankings.

  • Cryptocurrency Prices Today May 29: Bitcoin and Ethereum rise, Dogecoin slips

    Cryptocurrency Prices Today May 29: Bitcoin and Ethereum rise, Dogecoin slips

    Bitcoin traded above Rs 23 lakh. The market dominance of the world’s largest cryptocurrency sank 0.04 percent to 45.94 percent over the last day.

    Major cryptocurrencies traded in the green early on May 29 as the global crypto market cap increased 0.70 percent to $1.20 trillion over the last day.

    On the other hand, the total crypto market volume over the last 24 hours dropped 43.4035 percent to $51.11 billion.The total volume in DeFi stood at $4,67 billion, 9.13 percent of the total crypto market 24-hour volume. The volume of all stable coins was $43.51 billion, which is 85.13 percent of the total crypto market 24-hour volume.

    Bitcoin traded above Rs 23 lakh. The market dominance of the world’s largest cryptocurrency sank 0.04 percent to 45.94 percent over the last day.

    Crypto prices are falling owing to both the macro headwinds of Federal Reserve monetary tightening and the crypto-specific fallout from this month’s implosion of the Terra USD algorithmic stablecoin, which continues to weigh on digital assets — particularly those related to decentralized finance.Altogether, the crypto market has lost some $500 billion in market value so far in May, a 29% plunge.

  • ETH_ What’s unique about it?

    ETH_ What’s unique about it?

    There are many cryptocurrencies and lots of other tokens on Ethereum, but there are some things that only ETH can do. ETH is the lifeblood of EthereumThe Ethereum community is building a whole financial system that’s peer-to-peer and accessible to everyone.

    You can use ETH as collateral to generate entirely different cryptocurrency tokens on Ethereum. Plus you can borrow, lend and earn interest on ETH and other ETH-backed tokens. Because Ethereum is programmable, developers can shape ETH in countless ways.

    Back in 2015, all you could do was send ETH from one Ethereum account to another. But now you can do many more things with it such as;

    • Stream ETH. You can pay someone or receive funds in real time.

    • Swap Tokens. You can trade ETH with other tokens including Bitcoin.

    • Earn Interest. You can earn interests on ETH and other Ethereum-based tokens.

    • Get Stable coins. Access the world of cryptocurrencies with a steady, less-volatile value.

    Moreover ETH’s valuable in different ways to different people.

    •For users of Ethereum, ETH is valuable because it lets you pay transaction fees.

    •Others see it as a digital store of value because the creation of new ETH slows down over time.

    •Many also see it as an investment, similar to Bitcoin or other cryptocurrencies.

    More recently, ETH has become valuable to users of financial apps on Ethereum. That’s because you can use ETH as collateral for crypto loans, or as a payment system.

  • Bitcoin_The History Behind It!

    Bitcoin_The History Behind It!

    Bitcoin a cryptocurrency designed to act as money and a form of payment outside the control of any one person, group, or entity, and thus removing the need for third-party involvement in financial transactions. It is rewarded to blockchain miners for the work done to verify transactions and can be purchased on several exchanges.Bitcoin is the premier cryptocurrency and its value accounts for the lion’s share of the whole sector.

    Bitcoin was introduced to the public in January 2009 by an anonymous developer or group of developers using the name Satoshi Nakamoto.Launched in 2009, Bitcoin is the world’s largest cryptocurrency by market capitalization.

    Bitcoin’s history has been turbulent; it has gone through several ups and downs over its relatively short lifespan.

    Bitcoin was initially designed and released as a peer-to-peer payment method. However, its use cases are growing due to its increasing value and competition from other blockchains and cryptocurrencies.Investors and speculators became interested in Bitcoin as it grew in popularity.

    𝘼𝙢𝙪𝙨𝙞𝙣𝙜 𝙁𝙖𝙘𝙩:Bitcoin’s all-time high price is $69,000, reached on November 9, 2021!!

  • Babydoge coin birthday coming what can we expect!!

    Babydoge coin birthday coming what can we expect!!

    Baby Dogecoin is creating so much hype.It is the latest star of the meme coin market.

    Only few days left to reach one year birthday.Baby doge coin was launched on June 1, 2021.

    The coin saw a 1,000% price spike within just two weeks of its launch. By the third week, it had a market cap of a massive $200 million, and in the fourth week, there were 160,000 holders of the coin!!

    BabyDoge was launched in the summer of 2021, and on 13 June, it was worth $0.000000000176. That incredibly small figure – not even 200 billionths of a cent – soon rose 44-fold, so that on 4 July, the coin was worth $0.000000007695, an all-time high!While the start of 2022 was a tough time for many cryptos, BabyDoge defied the critics and continued to grow, hitting a high of $0.000000006356 on 16 January, a rise of more than 230% over the course of the year.

    The BabyDoge currency started 2022 with a value of $0.000000001908 per coin and has had several significant price oscillations.Still, the crypto is expected to finish the year strong, rising to over $0.00000000436 per token. The minimum estimate is not far off, coming in at $0.00000000402 per coin. However, the cryptocurrency is also capable of reaching the price of $0.00000000465!