Tezos, Bitcoin Cash, Maker continue to surge amidst global chaos
The cryptocurrency market registered a major trigger for growth, shortly after the collapse. As the collective market cap stood at $186 billion, Bitcoin, along with the larger altcoin market, made significant strides over the past week, amidst the global chaos.
Tezos [XTZ]
XTZ, the tenth-largest crypto by market cap, was up by a staggering 45.65% over the past week. Tezos is known for being a successful initial coin offering that secured $232 million. There has been a flurry of development in the Tezos ecosystem lately. One of the most crucial developments was the announcement of Binance.US listing the XTZ token for trading on 16 March.
Additionally, at press time, XTZ was priced at $1.74, after appreciating by 10% in the last 24-hours. The token held a market cap of $1.228 billion and a 24-hour trading volume of $162.2 million.
Bitcoin Cash [BCH]
Bitcoin Cash noted an overall positive price movement as it rallied by 36.49% over the last seven days, despite closing in well below its psychological level of $250. The most crucial development for the fork coin’s ecosystem was the launch of the world’s largest stablecoin, Tether, on its network.
Following the development, Paolo Ardoino, the CTO of Bitfinex and Tether, had said,
“Our latest collaboration with Bitcoin Cash will provide Tether with a variety of benefits. We expect the adoption after launch to be pretty easy for any integrator. The launch will also support more applications on the Bitcoin Cash chain, with Tether facilitating payment for these applications.”
At press time, BCH was trading at $226.8 after a rise of 6.71% over the last 24-hours, while it held a market cap of $4.161 billion. Furthermore, it registered a trading volume of $4.047 billion over the last 24-hours.
Maker [MKR]
The overlord of MKR token – the Maker Foundation, allegedly participated in a series of auctions which ended on 23 March in a bid to cover the $4 million debt. As the controversy continued to brew, the Foundation denied the accusation. Unfazed by this was the foundation’s token, MKR, which continued to follow an uptrend and appreciated by 43.93% over the last week.
The MKR token was up by 10.12% over the past day, while holding its value at $279.5, at press time. The crypto’s market cap stood at $280.3 billion while recording a 24-hour trading volume of $4.166 million.
OhNoCrypto
via https://www.ohnocrypto.com
Chayanika Deka, Khareem Sudlow