From July 19 to 25, 2021, the cryptocurrency market shows important signs of recovery, after the general decline that was experienced last week amid the correction in the price of bitcoin (BTC). About 90% of altcoins registered increases that reached more than 20%, according to statistics from Coin Check Up
The weekly top is headed by waves (WAVES) , which has been traded on Bitfinex since July 22; and dash (DASH) , which was the topic of conversation on an actor podcast. It is followed by gnosis (GNO) , which activated its protocol in networks compatible with Ethereum.
The five cryptocurrencies are completed with decentraland (MANA) , with the virtual recreation of the Apollo 11 landing on the Moon; and small love potion (SLP) , the Axie Infinity game token that continues to gain followers.
For its part, the price of bitcoin returns to the rise in these seven days, after the fall of last July 20 that brought its value back below USD 30,000. On average, the pioneering cryptocurrency rose 7% in seven days , to trade at $ 34,103 at the time of writing, according to the CriptoNoticias calculator.
In this regard, the market analysis firm Glassnode ensures that the behavior of the so-called entities on-chain
Ether (ETH), for its part, also rises in price. This week it traded between USD 1,732 and USD 2,384 in seven days and on average grows 8%.
The Ethereum network is preparing to the next hard fork , identified as London, which is estimated to occur in August. This is one of the most anticipated updates, containing up to five Improvement Proposals (EIPs). Among them is 1559 , which aims to change the way in which commissions are paid on the network, which has generated criticism from the miners and support for the Users side.
Other relevant cryptocurrencies by market capitalization are also showing recovery. XRP gained 0.2%; litecoin (LTC) rose 3%; Polkadot (DOT) appreciated 4%; and cardano (ADA) advanced more than 0.7%.
Waves is supported on the Bitfinex exchange
According to information released this week on the exchange’s Twitter account Bitfinex, the native token of the Waves ecosystem, is supported on its platform. WAVES trading started on July 22 at 9:00 AM UTC.
After listing on Bitfinex, WAVES price soared just over 11% and peaked at USD 15.98 on the 23rd, remaining with an upward trend as of today. The value of the cryptocurrency appreciated around 18% over the course of this week.
WAVES is also traded off-exchanges through a set of non-fungible tokens. (NFT), called Waves Ducks, which has potentially been influencing the token’s price increase. The game engages and rewards players who collect and raise digital ducks.
At press time, WAVES ‘market capitalization is USD 1,566 million and daily trade volume is USD 116 millions.
Actors Mila Kunis and Ashton Kutcher talk about Dash
The Dash’s cryptocurrency posted a major rally this week, surpassing 65%. This after the Hollywood actor couple, Mila Kunis and Ashton Kutcher, participated in a podcast to talk about their investments in cryptocurrencies.
On July 19 the actors were on that day’s episode of Armchair Expert Podcast , a program hosted by actor Dax Shepard that was dedicated to cryptocurrencies. As a Dash tweet highlights, Kunis and Kutcher named the cryptocurrency.
The mere mention of DASH appears to have influenced the price, which immediately spiked. On average the cryptocurrency gained up to 17% in seven days. Its price went from USD 110 to USD 142 the day the podcast aired.
DASH continued to rise the following days until reaching a peak of USD 149. The market capitalization is USD 1,409 million and the daily trade volume is USD 657 million.
Active gnosis protocol for multiple chains
In a blog post, the Gnosis Safe team announced the release of its blockchain protocol, in networks such as Polygon and Binance Smart Chain (BSC), and Arbitrum. It is a group of networks compatible with the Ethereum Virtual Machine (EVM).
The publication adds that, with this integration, the first step of a multi-chain deployment that seeks to meet the needs of the Gnosis Safe community to address Ethereum scalability. With this, they also want to promote the adoption of decentralized autonomous organizations (DAO), and provide additional security to the treasuries of the DeFi.
In the middle of this announcement, the price of the network’s cryptocurrency, GNO, began a sustained rise since July 21, which reached a peak of USD 0.179 on July 25. Although it tends to decline in the last hours.
On average, the cryptocurrency appreciated by more than 10% in seven days. GNO’s market capitalization is USD 267 million and daily trade volume is USD 446 million.
Apollo 11 moon landing recreated in Decentraland
In celebration of the 52nd anniversary of the historic Apollo 11 moon landing, Banquet, Dapp Craft Studios, The Aldrin Family Foundation and frequent NASA contributor Nick Graham joined forces to recreate the launch of Apollo 11-52 within the Decentraland virtual platform.
This is a landing that was activated this July 24, 52 years after the landing real that placed the first men on the Moon, but now in a virtual world format. The information was shared by several users of the platform on Twitter.
As part of the event, a donation was made to benefit the Aldrin Family Foundation, a non-profit organization that offers educational tools that prepare a next generation of space travelers.
In this context, The price of MANA cryptocurrency has been on a steady advance, peaking at $ 0.73 on July 24. On average it gained 10%. As of press time, the market capitalization of is USD 1,479 million and the daily trade volume is USD 112 million.
Axie Infinity game token keeps gaining followers
The rally of the SLP token has been constant in the last two weeks. The coin rises in value as the Axie Infinity game gains more followers and becomes one of the most popular. These days, it again broke its historical maximum, reaching the USD exceeding USD 0.35, the figure it had reached the previous week.
As reported by CriptoNoticias, due to the high demand the video game server crashed, presenting recurring failures. Consequently, in recent days, users have been reporting slowness and sudden crashes of the game, which has affected their activities.
The Ethereum-enabled blockchain project is a game in which players adopt, raise and trade digital pets, called Axies, in the form of non-fungible tokens.
In the midst of this situation, the price of the platform’s cryptocurrency started a constant growth on Monday July 20. The advance was over 20% in three days, although the following days slight corrections are observed. On average weekly rise, it closes at 5%.
The current capitalization of SLP is USD 152 million and the daily trade volume is USD 92 million.
