Cryptocurrency
Cardano Climbs 10% As Investors Gain Confidence
Published
1 week agoon
By
letizo News
Cardano Climbs 10% As Investors Gain Confidence
Investing.com – Cardano was trading at $0.5343 by 23:02 (03:02 GMT) on the Investing.com Index on Friday, up 10.01% on the day. It was the largest one-day percentage gain since May 13.
The move upwards pushed Cardano’s market cap up to $17.6649B, or 1.39% of the total cryptocurrency market cap. At its highest, Cardano’s market cap was $94.8001B.
Cardano had traded in a range of $0.4692 to $0.5343 in the previous twenty-four hours.
Over the past seven days, Cardano has seen a drop in value, as it lost 33.69%. The volume of Cardano traded in the twenty-four hours to time of writing was $2.9190B or 0.14% of the total volume of all cryptocurrencies. It has traded in a range of $0.4029 to $0.7857 in the past 7 days.
At its current price, Cardano is still down 82.76% from its all-time high of $3.10 set on September 2, 2021.
Elsewhere in cryptocurrency trading
Bitcoin was last at $30,118.1 on the Investing.com Index, up 4.59% on the day.
Ethereum was trading at $2,062.90 on the Investing.com Index, a gain of 0.51%.
Bitcoin’s market cap was last at $570.7635B or 44.82% of the total cryptocurrency market cap, while Ethereum’s market cap totaled $248.4333B or 19.51% of the total cryptocurrency market value.
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Cryptocurrency
Technical Analysis Suggests That DOGE Price Will Fall In Next 24H
Published
7 hours agoon
May 22, 2022By
letizo News
© Reuters. Technical Analysis Suggests That DOGE Price Will Fall In Next 24H
- The number 10 place on CoinMarketCap’s list of the biggest cryptos by market cap, Dogecoin (DOGE), has seen a slight price gain in the last 24 hours.
- DOGE has strengthened against Bitcoin (BTC) and Ethereum (ETH) as well.
- TA suggests that a bearish move will take place in the next 18-24 hours.
The number 10 place on CoinMarketCap’s list of the biggest cryptos by market cap, Dogecoin (DOGE), has seen a slight price gain in the last 24 hours according to the crypto market tracker.
At the time of writing (9:30 AM GMT + 2), the price of DOGE is around $0.08446, which is a 0.15% price increase compared to what it was 24 hours ago. The weekly performance of Dogecoin has seen it at a loss, however, as its price dropped 4.98% over the last 7 days.
DOGE has strengthened against Bitcoin (BTC) and Ethereum (ETH). Currently, 1 DOGE is worth 0.0.000002876 BTC and 0.0000428 ETH. This means that DOGE has strengthe …
Cryptocurrency
The truth behind the misconceptions holding liquid staking back
Published
13 hours agoon
May 22, 2022By
letizo News
The truth behind the misconceptions holding liquid staking back
Blockchains have relied on proof-of-work (PoW) validation since their inception. Yet the PoW consensus proved to be unsustainable with its high energy usage and its need for fast, powerful hardware creating high barriers to entry. That’s why blockchains are adopting proof-of-stake consensus algorithms (PoS), where those wanting to earn rewards don’t have to compete against other miners, but can simply stake part of their crypto for a chance to be chosen to be a validator — and reap the returns.
Everyone who owns crypto on PoS blockchains must want to take advantage of the opportunities staking provides, right? Actually, according to our report, while 56% of those surveyed had staked before, many who hadn’t staked or wouldn’t stake again pointed toward the same hesitation: They don’t want their assets locked up in staking, not when those assets could be put to use elsewhere. This is why liquid staking provides the best of both worlds. It allows investors to stake their assets while also allowing them to use those assets in other projects during lock-up.
Cryptocurrency
Florida Rep. Donalds introduces Financial Freedom Act companion bill in the House
Published
17 hours agoon
May 22, 2022By
letizo News
Florida Rep. Donalds introduces Financial Freedom Act companion bill in the House
Rep. Byron Donalds, a Florida Republican, introduced the Financial Freedom Act into the United States House of Representatives on Friday to prevent the U.S. Department of Labor from limiting the types of investments that can be included in Americans’ self-directed 401(k) retirement plans. The bill is the companion to Alabama Sen. Tommy Tuberville’s May 5 Senate bill.
The Financial Freedom Act was introduced as a reaction to a U.S. Department of Labor (DOL) compliance report dated March 10 that raised objections to the inclusion of cryptocurrencies in 401(k) retirement plans. That report warned the department’s Employee Benefits Security Administration “expects to conduct an investigative program aimed at plans that offer participant investments in cryptocurrencies and related products, and to take appropriate action to protect the interests of plan participants and beneficiaries with respect to these investments.”
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