From August 30 to September 5, 2021 the cryptocurrency market shows signs of recovery and most altcoins show growth that reached up to 100%, according to Live Coin Watch statistics.
The weekly top is headed by IOTA (MIOTA) that this week activated a new update on its network; and Aragon (ANT), who announced their association with the Polygon protocol.
They are followed by polkadot (DOT) , which seeks to bring decentralized finance (DeFi) to its platform through the Cream Finance project; and litecoin (LTC) who presented their timeline for the implementation of the MimbleWimble privacy protocol.
The five cryptocurrencies are completed with waves (WAVES) , which continues to promote its competition with digital ducks in NFT format.
The price of bitcoin (BTC) rose again and its price gained more than 3% in these seven days, again exceeding USD 50,000. The value of the pioneer cryptocurrency ranged between $ 46,701 and $ 50,700, showing a price consolidation that could induce it to $ 60,000, in the opinion of analyst Willy Woo.
Meanwhile, ether (ETH), the cryptocurrency of Ethereum, it also goes up in price. This week it moved between USD 3,154 and just over USD 4,000, approaching the all-time high of USD 4,362, which it achieved on May 12. On average ETH gained just over 22% driven by the activation of Arbitrum, a second layer solution.
CriptoNoticias reviewed the data of the most recent Glassnode report, according to which there is a similar trend in both networks: a sustained decline in coins aged three months or less. Such fact suggests that people are thinking in the long term to take profits.
Other relevant cryptocurrencies by market capitalization continue with ups and downs. XRP increases by 13%; dogecoin (DOGE) advances 8%; and cardano (ADA) loses 0.1%. This, while litecoin (LTC) gains 28%; and polkadot (DOT) is appreciated at 29%. Both are in the weekly top.
According to the information published on the IOTA Twitter account, the project activated the Hornet update on September 2. With it, the platform integrates again the function of autopeering , a mechanism that allows network nodes to interact with each other in automatic mode.
The tweet adds that, with the update, a plugin of faucet, in order to facilitate the network nodes the process of executing the “Tangle” (equivalent to blockchain in IOTA) privately, to thus distribute the platform token.
In this way, it is possible to register information on the IOTA network «in a secure, transparent way and immutable through distributed consensus. ”
In this context, the native cryptocurrency MIOTA began to rise in price from the date of the update. The price advanced at a steady pace, reaching a peak of $ 2.07 on September 4. On average, it rose to more than 100% in these seven days, closing with an advance of more than 80% at the end of this writing.
Additionally, the IOTA Foundation has been reporting on the progress of its alliance with the CHAISE consortium and some of the most influential organizations in Europe in order to develop a certified training program for blockchain and DLT in the region.
MIOTA’s market capitalization is USD 5,036 million and daily trade volume is USD 413 million.
Aragon partners with Polygon to make DAO launch cheaper
Aragon, protocol based on the Ethereum network focused on the creation of decentralized autonomous organizations (DAO), announced on September 2 its association with Polygon, a protocol to build and connect blockchain networks compatible with Ethereum. The goal of the alliance is to facilitate the launch of Aragon DAO on Polygon.
According to the note posted on the Polygon blog, Aragon will use this network as a comprehensive scaling solution. The integration represents a reduction of more than 5,000 times in the amount for the creation of DAO. In this regard, Luis Cuende, co-founder and executive director of the Aragon Association, thinks that integration could be a decisive factor to significantly lower the costs of interacting with these types of organizations.
Following the announcement, Aragon’s native cryptocurrency ANT began a dizzying rally, gaining more than 41% in seven days. Its price ranged between a low of USD 4.68 and a maximum of USD 8.37 on September 2.
Market capitalization of the token is estimated at USD 263 million and the daily trading volume is USD 28.7 million.
Partnership with Cream Finance will bring DeFi to Polkadot
According to information published by Polkadot on September 2, the decentralized finance project (DeFi) Cream Finance will carry its loan and borrowing services to Moonbeam, a smart contracts platform based on Polkadot’s network.
In this regard, Moonbeam clarified in a message on Twitter, that Cream Finance will be integrated into its ecosystem starting with integrate its parachain (small blockchain network) in the parallel networks Kusama and Moonriver, and then enter Polkadot. With this, the users of Kusama and Polkadot will be able to use the services of Cream to deposit digital assets as collateral or for h acer loans.
In the midst of these advances, DOT, the network’s native cryptocurrency, is ranked third in the top weekly CriptoNoticias.
The rise in Price has been constant since August 30th. On average the cryptocurrency appreciated by more than 29% in the week. The price rise has been more or less stable in recent days, reaching a peak of USD 33.79 this September 5.
The market capitalization is USD 34,299 million and the daily trade volume is USD 855.5 million.
Litecoin advances in the integration of the privacy protocol MimbleWimble
The plans that Litecoin has in place for two years to integrate the privacy protocol MimbleWimble are paying off. This week the launch schedule of the new code was announced, whose version 0.21 may be available for download on October 31st.
As CriptoNoticias reported, the code of the MimbleWimble Extended Block (MWEB) protocol of Litecoin (LTC) is ready since last March and in these months it has been going through a formal audit process. During this period has also been receiving financing , as reported by developer David Burkett.
Recent news is giving a significant boost to the price of LTC . The cryptocurrency has experienced an increasing advance since August 30. For this September 5 it had a peak of more than 228 dollars per unit. On average, its advance has been above 28%.
At press time, LTC’s market capitalization is USD 15,468 million and the daily trade volume is USD 2,283 million.
NFTs in competition on the Waves platform
This week, the Waves team has followed presenting its progress in the deployment of a competition with the breeding of digital ducks in the format of non-fungible tokens (NFT), called Waves Ducks.
On this occasion, the revaluation of the NFTs is announced, whose prices have reached more than USD 14,000. As the company points out in a tweet, some offspring are sold over 500 waves.
For a few months this game, in which blockchain users actively participate, has been significantly influencing the increase in the price of the native token , placing it on several occasions in the top week of this medium.
The price of WAVES has been rising since 30 of August and, despite experiencing several corrections, has remained on a constant rise in the following days. It reached a maximum of USD 30.9 on September 4. On average it gained more than 18% in the week.
As of press time, WAVES ‘market capitalization is USD 2,957 million and daily trade volume is USD 124.7 million .
