While Bitcoin and Ethereum can’t get a foot in the door today, Altcoin projects like Polkadot and Cardano are underway. The market update.
Some people are probably looking forward to the end of the year with a view to crypto courses. Because this Thursday, December 23, the market is listed in no man’s land. Rather than a breakout of over $ 50,000, Bitcoin is still in the red today. The key crypto currency is trading at $ 48,604, which is 1.2 percent lower than yesterday.
With Ethereum (ETH) in second place, there is even a minus 2.1 percent daily loss on the chart. Market value: $ 3,975.
The broader market, on the other hand, is not noticeably in the red today despite the price losses of the major currencies. Total market capitalization is just 0.5 percent on a lousy $ 2.4 trillion.
Altcoins sometimes paint a positive image
With Altcoins, the situation is more mixed. Coins like Cardano (ADA) posted a gain of at least 4.4 percent on a daily basis. The 24-hour race of the top ten coins, however, is decided by Polkadot (DOT). More daily: 7 percent!
The latter is likely due to the launch of five more parachutes. Because this brings Polkadot one step closer to its promise as a multi-blockchain platform. The five new chains are Acala, Moonbeam, Parallel Finance, Astar, and Clover. According to Polkadot’s idea, they all serve different applications, but they are united under the Polkadot umbrella.
He also has the idea of bringing together multiple blockchains under one host. Deutsche Telekom impressed. As BTC-ECHO already reported, it operates T-Systems MMS, a subsidiary of Telekom, established a validator node in Polkadot. The company wants not only to collect rewards for participation, but also to participate in the governance process, that is, actively develop the network.