This week in coins. Illustration by Mitchell Preffer for Decrypt. Despite the ongoing cypto bear market, many top cryptocurrencies posted double-digit percentage gains over the week. Bitcoin had no such luck. Bitcoin only rose 5.5% over the last seven days and currently trades for $24,460 according to CoinMarketCap.  Ethereum rallied much harder. The No. 2 cryptocurrency and leading blockchain for high-functionality smart contracts is up 16% in the past week to $1,984 at the time of… Source link

The growth of Bitcoin (BTC) has seen some proponents share the view that the crypto will take over gold on various metrics like the store of value and eventually replace the precious metal. Despite the recent market crash, notable crypto players have upheld the projection of Bitcoin toppling gold is still on course.  In particular, during an interview with Stansberry Research on August 13, outgoing MicroStrategy (NASDAQ: MSTR) CEO Michael Saylor stated that gold would likely… Source link

As the world becomes more and more digital, cryptocurrencies are becoming more and more popular. There are many different cryptocurrencies, but the most hyped ones are Gnox, Pancakeswap, and Litecoin. These three cryptocurrencies are the most talked about and hyped cryptos in August. They have been on a tear lately, and investors are eagerly awaiting their next big move. Gnox (GNOX) Gnox’s plan to revolutionize the world of investing has piqued the interest of both institutional and… Source link

Litecoin price analysis reveals that the LTC/USD price is currently in a bullish trend as it rallies to break out at the $64.02 level. However, the cryptocurrency is facing rejection at $64.32 as the bulls seem to be losing momentum. Litecoin’s price started the day trading at $60.87 and has so far hit a high of $64.32 as the bulls continue to push the prices higher. The price has increased by more than 3.47 percent in the last 24 hours and is currently trading at $64.02. The 24-hour… Source link

The Monero (XMR) price has skyrocketed by over 7% in a day before the scheduled network hard fork on August 13. The privacy cryptocurrency protocol will undergo a network upgrade via a hard fork to improve transaction privacy, speed, security, wallet syncing, and reduce fee volatility. A continuous 65% upside rally since mid-June indicates a strong price momentum. A sustained crypto market recovery will likely push Monero’s price over $200. Monero Network Upgrade and Hard… Source link

On Saturday (August 13), the price of $ETH, the native token of Ethereum, went above the $2,000 level for the first time since June 1. According to data by TradingView, on crypto exchange Binance, the $ETH price hit $2,006.36 at 4:24 a.m. UTC on August 13. By 6:19 a.m. UTC, the $ETH price reached $2019.68, which is so far today’s intraday high. Source: TradingView Ethereum’s “Merge” hard fork, which is when the Ethereum network is making… Source link

The most important cryptocurrency project focused on security and user privacy undertakes a network upgrade. The developers report that this hard fork will bring significant improvements in several areas such as network efficiency and ring improvement. The currency is one of the most controversial among the community due to its opaque network, but at the same time it is indispensable in the fight against authoritarian regimes. The most important privacy blockchain in the world, Monero,… Source link

Despite the growing popularity of cryptocurrencies and continuous innovation in the industry, there are several serious issues that plague the crypto world, including security, privacy, and processing speed. There are many hacks being reported frequently, which really lowers the trust in certain platforms and cryptocurrencies, especially for crypto newbies. However, with new crypto projects trying to establish in the sector, some of them are focusing on solving… Source link

In the week following the sanctioning of the Tornado Cash website by the U.S. Treasury Department’s Office of Foreign Assets Control (OFAC), the price of the token underpinning the system is down 56%, starting the week at a high of $31.56 and ending the week at a low of $13.09, according to CoinMarketCap. Tornado Cash (TORN) is an ERC20 token and the native token of the Tornado Cash DAO, used to manage governance and voting. It’s currently the 691st largest cryptocurrency, with a market… Source link

Litecoin price shows bearish macro signals that investors should be aware of. LTC price has breached over-sold territories on the Weekly Relative Strength Index Invalidation of the bearish thesis is a re-concurrence of the $140 barrier. Litecoin price shows a potential macro-sell off underway. On-chain analysis additionally confounds the idea of a macro bearish environment. Litecoin price in a Grand-Super-Cycle decline Litecoin price shows concerning technicals… Source link