Tag: fork

Cardano’s Alonzo hard fork was a success but real utility could be a while
Analysis

Cardano’s Alonzo hard fork was a success but real utility could be a while

Cardano (ADA) reached a major milestone in its roadmap on Sep. 13 as its blockchain launched Plutus-powered smart contracts as a part of the Alonzo hard fork. The Alonzo hard fork has been highly anticipated in the Cardano community as well as the cryptocurrency sphere at large.The smart contract functionality is meant to allow Cardano to become a platform on which developers can build decentralized applications (DApps) and even mint nonfungible tokens (NFTs). This milestone has been hailed as the point in the development of the network where the “mission truly begins.”However, the news of the execution of this milestone didn’t prevent the network’s native token, Cardano (ADA), from falling into the wider slump that has gripped the crypto market since Bitcoin (BTC) flashed crashe...
Altcoins book 50% gains after Bitcoin and Ethereum set a path to new highs
Altcoins

Altcoins book 50% gains after Bitcoin and Ethereum set a path to new highs

The bullish momentum across the cryptocurrency market continued to build on Sept. 3 as a market-wide rally lifted the prices of most altcoins and boosted Bitcoin (BTC) and Ether (ETH) above their respective resistance levels at $51,000 and $4,000.The recent price gains seen in the altcoin market show no sign of slowing down and several altcoins gained more than 30% on Friday. Top 7 coins with the highest 24-hour price change. Source: Cointelegraph Markets ProData from Cointelegraph Markets Pro and TradingView shows that the best performers over the past 24-hours were Polymath (POLY), Bitcoin Cash ABC (BCHA) and XYO Network. Polymath rallies as its 'Polymesh' mainnet launch approachesPolymath is an Ethereum-based project focused on digital asset management.Data from Cointelegraph Markets Pr...
3 reasons why Ethereum is unlikely to flip Bitcoin any time soon
Bitcoin

3 reasons why Ethereum is unlikely to flip Bitcoin any time soon

After a 13% rise in two days, Bitcoin's (BTC) market capitalization surpassed $800 billion to reach its highest value in 79 days. During the same timeframe, Ether (ETH) accumulated a 45% gain in two weeks, placing the network's market capitalization at $340 billion. Positive expectations for the London hard fork and its potential deflationary effect undoubtedly played a role, but some investors continue to question how Ether's valuation stacks against Bitcoin. Some, including Pantera Capital CEO Dan Morehead, expect Ether to outpace Bitcoin as the largest cryptocurrency.Market participants may have also been excited after Minneapolis Federal Reserve President Neel Kashkari suggested that the Fed may stick with the asset-purchase program a bit longer. The reason cited was the Delta var...