Crypto.com Weekly Market Update (Week 45, 8/11/2021 - 14/11/2021)
Crypto.com Weekly Market Update (Week 45, 8/11/2021 - 14/11/2021)Price, volume, and volatility indices all up. NYCCoin $NYC is set to launch, endorsed by NYC’s next mayor Eric Adams.
Key Takeaways
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Check the latest prices on crypto.com/price.
Notable eventsBlock.one has come up with a new plan on how to revitalize the EOS blockchain project and it begins with a substantial transfer of EOS tokens to Helios. (ref) Stellar (XLM) is holding the newest round of Stellar Community Fund which allows developers from all over the world to build their Stellar-based projects. The deadline for the current round is on 21st November and 4 million XLM tokens will be distributed. (ref) The inaugural Polkadot (DOT) parachain auction started on November 11th. Crowdloans have already raised over $1 billion in DOT tokens from 100,000 individuals. (ref)
Notable eventsLoopring (LRC) has jumped sevenfold in price just this month, nearing a market valuation of $4 billion. Analysts attributed the price jump to speculation ranging from GameStop-related rumors to the project’s potential usefulness in metaverse development. (ref) Ever since Universal Market Access (UMA) has been gearing to launch its ‘Across Protocol’, it has experienced a major surge in its price by a huge leap. While the protocol has been already launched, the upward momentum has not yet slowed. (ref) Curve (CRV) Finance has blocked emissions to another DeFi protocol, Mochi, following an alleged attempt at a governance attack. According to Curve, Mochi minted its own native tokens in order to buy and lock large amounts of CVX. (ref)
Notable eventsThe Worldwide Asset eXchange (WAXP), has seen a tenfold increase in daily NFT transaction volume in the past 30 days. The significant growth has been driven by a surge in gaming activity with a dozen games generating over $1million in NFT trading volume alone during the last mo nth. (ref) Chiliz (CHZ) launches live in-game NFTs for fan token holders. There were also recent exchange listings for CHZ, as well as a rapidly expanding ecosystem of partners. (ref) Decentraland (MANA) is among the top 3 most searched cryptos on CoinGecko. (ref) Thank you for reading! We hope you find our Weekly Market Update enlightening! Hungry for more? Visit our Research Hub and University to access other insightful crypto research! Share with a friend if you like our email!
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