3 reasons why Harmony (ONE) rallied back to its all-time high this week

[ad_1] Bitcoin price is still a ways from its $69,000 all-time high but this isn’t stopping altcoins from moving toward new highs.  Data from Cointelegraph Markets Pro and TradingView shows that since hitting a low of $0.13 on Dec. 4, the price of Harmony (ONE) has risen 163% to establish a new all-time high of $0.38 on Jan. 14 ONE/USDT 1-day chart. Source: TradingView Three reasons for the growing strength of Harmony include an expanding ecosystem, the launch of multiple cross-chain bridges and developers interest in finding Ethereum network alternatives.…

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3 reasons why Near Protocol (NEAR) just hit a new all-time high

[ad_1] The layer one (L1) battle is starting to heat up again and multiple protocols have seen their token values rise in recent weeks as traders venture out to see what life is like outside of the Ethereum (ETH) network.  One L1 protocol that has seen its token price climb to a new all-time high this week was NEAR, a community-run cloud computing platform focused on interoperability and lightning quick transaction speed. Data from Cointelegraph Markets Pro and TradingView show that, following a pullback that hit a low of $13.10…

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Polygon’s expanding ecosystem backs MATIC’s rise toward a new all-time high

[ad_1] Layer-two (L2) solutions for the Ethereum network have become a popular topic of discussion and speculation on their associated tokens backed the massive rally seen in many of the protocols this year. The parabolic growth of the decentralized finance (DeFi) and nonfungible token (NFT) sectors also led to a surge in the cost of carrying out simple transfers and this prompted developers and investors to migrate to L2-supportive platforms. One L2 solution that saw its token price rise to new highs earlier in the year and now looks poised…

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As Bitcoin Hits All-Time High, What Are Older Coins Doing On The Network?

[ad_1] The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. As the bitcoin price hits another all-time high, let’s dig into the behavior of what older coins are doing on the network. Their behavior helps determine the current state of market sentiment. The spent volume age bands for coins older than three months helps to paint a clear picture of what happened…

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Litecoin hits 6-month high as LTC price soars 20% in 24 hours

[ad_1] Litecoin (LTC) has posted daily gains of almost 20% on Nov. 9, the highest levels for LTC/USD since May 2021, amid a wider cryptocurrency market rally that analysts attribute to inflation fears. #Bitcoin, #Ether hit records, exceeding Oct high, amid broad rally in cryptocurrencies. Low real yields, need for inflation hedges are shaping markets. pic.twitter.com/xN0Athssng — Holger Zschaepitz (@Schuldensuehner) November 9, 2021 The 14th-largest digital asset rose by a little over 25% in three days, pushing its price to almost $250 on Coinbase. Meanwhile, the total value of cryptocurrencies reached…

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Litecoin transactions near an all-time high after gaining ground in consumer finance

[ad_1] The number of Litecoin (LTC) transactions has rebounded to over 140,000 in recent days after falling close to the 100,000 mark in early October. Three days prior, the Litecoin Foundation tweeted about the launch of its LTC Visa Debit card, powered by fintech firm Unbanked.  According to the card’s homepage, potential customers would first register for a Litecoin Card account, deposit LTC into a specific wallet address, pass a know-your-customer check, and receive a virtual Litecoin Card. The service claims that the sign-up process takes less than five minutes.…

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3 reasons why Harmony (ONE) rallied to a new all-time high

[ad_1] Ecosystem development funds have become one of the latest market-moving trends in the crypto sector and protocols with large treasuries have discovered that  reward and incentive programs are one of the best ways to attract new users and protocols to a project.  One protocol that has recently seen its token price rally following the release of an ecosystem development grant is Harmony (ONE), a blockchain protocol focused on improving scalability between networks. The project uses cross-sharded contracts and a cross-chain infrastructure between multiple blockchains including Bitcoin (BTC), Ethereum (ETH),…

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Proshares’ Bitcoin ETF sees $1B in first day volume, BTC price hits new high, and Coinbase partners with NBA and WNBA: Hodler’s Digest, Oct. 17-23

[ad_1] Coming every Saturday, Hodler’s Digest will help you track every single important news story that happened this week. The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — a week on Cointelegraph in one link. Top Stories This Week Bitcoin officially hits new all-time high above $65K Bitcoin (BTC) surged to new all-time highs this week, breaking the former ceiling of $64,900 from April as the asset went into price discovery mode before topping out around $67,000. The bullish momentum coincided with the…

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Pakistan Government Not Against Crypto Investments, High Court Calls for Regulations – Regulation Bitcoin News

[ad_1] The executive power will not oppose cryptocurrency investments, a high-ranking government official has told lawmakers in Pakistan. The statement comes as a regional high court has urged the federal government to regulate cryptocurrencies and formed a committee to look into the matter in the coming months. Minister Says Pakistan Government Has No Objection to Investments in Crypto Addressing members of the National Assembly this week, Pakistan’s Minister of State for Parliamentary Affairs, Ali Muhammad Khan, recognized cryptocurrency as a new concept. He then noted that the government did not…

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Massive airdrop and AXS staking catapult Axie Infinity to a new all-time high

[ad_1] Airdrops have become the cryptocurrency ecosystem’s equivalent of stimulus checks over the past couple of years and further proof of this can be evidenced from popular protocols like Uniswap and dYdX which rewarded their early adopters with token drops that are now worth $30,000 to $2 million. The latest protocol to surprise its userbase with a wallet fattening airdrop was Axie Infinity (AXS), a blockchain-based battle game that has risen in prominence over the course of 2021 as users embrace its play-to-earn (P2E) gaming model. Data from Cointelegraph Markets…

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