Hive has moved up to number 9 in most active blockchains. Worth noting is the fact that Steem was always in the top 10 of most active blockchains, but has now completely dropped out of the top 10 list.
This report has added a new statistic called the Potential rating. This rating measures the ratio between blockchain activity and market cap in comparison to Bitcoin. The Potential rating for Hive is currently 1592.
Cardano (ADA) surged over 20% after founder, Charles Hoskinson, revealed the release date for project “Shelley” which will transform Cardano into a decentralized proof of stake network. The release date will be some time between the last day of June and the first week in July.
Cardano is an old altcoin by crypto standards. The development of Cardano began in 2015. The company raised over 60 million dollars in their ICO in 2017. The founder, Hoskinson, is also one of the founders of Ethereum.
When I first became interested in crypto, I was told to look at the teams behind the coin. A good team will eventually find their place in the right project. I’m just happy to be along for the ride.
Marvell Technology announced earnings of 18 cents per share which is higher than expected. Marvell (MRVL) is expected to benefit from the recent restrictions on the Chinese based Hwauei which has been a leader in the production of 5G. As Hwauei comes under increased scrutiny, Marvell is in a unique position to take advantage of the spread of 5G technology.
Will $Coti become the paypal of Crypto? Coti is a payment platform that enables cross chain interoperability and may be an answer to ecommerce platforms that want to accept cryptocurrency but also need a safeguard for their customers.
$Coti is currently trading in the 2 cent range. The Coti payment platform will enable cryptocurrency payments while also offering some oversight much in the way that paypal monitors their payment platform. Their goal is to maintain scalability while keeping transaction fees low. For more information visit Coti.io
Syndax Pharmaceuticals is invovlved in the development of cancer therapies. Entinostat is one of their products. $SNDX has seen a dramatic increase in price. I’m keeping an eye on this one.
Keeping track of various cryptocurrency projects can be challenging. This Cryptocurrency periodic table is a portrait of crypto projects and their usage categories.
“To connect data owners and data consumers without middlmen being able to see or control the data via decentralized access control and data marketplaces” is listed as the mission of Ocean Protocol , OCEAN. Unlocking private data while preserving privacy is especially important when you are dealing with medical data.
As the world struggles with the Covid 19 outbreak we are seeing new opportunities for blockchain projects such as Ocean Protocol. The ability to quickly provide data while maintaining the privacy of the patient has never been more important.
Many expected the price of Bitcoin to dive after the Bitcoin Halving. The expected Bitcoin dump has not materialized leaving many to believe that the actual Bitcoin dump occurred well before the halving. Bitcoin price jumped to close to the $10,000 mark before minutes later falling again to $9700.
Some of the top ranked Ethereum dapps are used for trading, wallets, and exchanges. I like the fact that these dapps show a usage beyond gaming and entertainment which heretofore has been the most prominent category in decentralized apps usage.
JP Morgan Chase is reportedly now accepting clients involved in cryptocurrency. Chase has been a vocal critic of both Bitcoin and cryptocurrency for years. Many suspected that they were quietly investing in Bitcoin while discrediting the currency in public statements. I remember when Chase actually penalized customers with fees when they used a Chase debit to purchase Bitcoin.
Coinbase has reportedly become a Chase customer. By embracing such a high profile cryptocurrency business, Chase seems to be sending a welcome message to future cryptocurrency investment.