Ethereum layer-2 solution Polygon (MATIC) has become a strategic partner of KuCoin Wallet. Ethereum Name Service (ENS) suddenly increased by 21%. According to Shibburn, there has been an explosion in SHIB tokens going to the burn wallet in the last 24 hours. Coinbase has added LDO to its listing roadmap. And more important news from altcoins. Due to these news, token prices increased.
News from MATIC, ENS, SHIB, LDO, WAN and EOS
Polygon cooperates with KuCoin, MATIC price skyrockets
Polygon Network has become a strategic partner of KuCoin Wallet. Details of the collaboration between the Layer 2 Blockchain and the wallet of one of the largest cryptocurrency exchanges were revealed in a press release today. The MATIC price suddenly increased by 6%. However, he later gave up some of the gains.
https://twitter.com/KuWallet/status/1580832763384471552
SHIB burn rate goes up, SHIB price goes up too
According to Shibburn, the amount of SHIB tokens burned in the past 24 hours has increased by nearly 600%. Thus, more than 130 million tokens went to dead wallets. Meanwhile, SHIB price made a recovery move. Shiba Inu lost altitude after seeing $0.00001071 during the day. It is trading in the red zone at $0.00001018 at press time. Also, Ethereum whales once again showed high interest in this dog crypto.
As we reported on Kriptokoin.com, on October 13, through the joint efforts of the SHIB Army, holders sent a total of 132,068,912 tokens to permanently non-spendable wallets. This resulted in a massive 590% increase in the SHIB burn rate. The largest burns on the list, according to Shibburn, carried two batches of 54,946,535 and 30,763,170 coins each.
Ethereum Name Service (ENS) suddenly increased by 21%
The price of the token has suddenly increased by more than 21% in the past 24 hours. Thus, it has become one of the fastest growing projects in the crypto market. Also, this move made it the most profitable asset in the top 100 of the world’s largest digital assets. According to the project’s official social media accounts, there have been no major updates or events related to the project in the past. Also, there is no explanation for the future. This shows that the rationale behind the strong growth is purely speculative.
Coinbase adds Lido DAO (LDO) to its roadmap
Lido is a liquid staking solution for Ethereum. Lido allows users to stake their ETH while participating in on-chain activities, with no minimum deposit or infrastructure maintenance.
Coinbase, one of the leading cryptocurrency exchanges in the world, has added LDO to its listing roadmap. This means pre-listing, reviewing. While there is no definitive listing proof, it is highly likely. This news became the catalyst for the token price. LDO rose from $1.23 to as high as $1.38 on the day. At press time, it is trading at $1.32, gaining 7.31% on a daily basis.
Wanchain now includes cross-chain XRPL tokens
Wanchain has launched a bridge upgrade that will allow other XRPL assets to be transferred between multiple Blockchains. Blockchain bridges have become a crucial aspect of cryptocurrencies as they provide a kind of universality that benefits certain Blockchain-specific asset holders. One of the most robust Blockchain-bridge solutions, Wanchain remains the top dog on the scene. Following the news, the WAN token made a move from $0.1697 to $0.1767.
Wanchain announced the launch of the decentralized XRP bridge in April 2021. Eighteen months into this, the cross-chaib XRP Ledger (XRPL) offers an upgrade that will allow other specific assets to be bridged. The first phase of the upgrade will provide support for four XRPL assets. These are the Bibliomp Ledger token (xBIBLx), NVL Token (NVL), XList Coin (XLIST) and GreenZoneX (GZX). Wanchain announced the development via its official blog post on its Twitter account.
https://twitter.com/wanchain_org/status/1580902162858528769
EOS Network has announced a new roadmap
The EOS Network Foundation (ENF) has announced a new roadmap for the EOS community. The network is now proud of two initiatives, Recover+ and Yield+. With these two, the EOS ecosystem expects to attract more DeFi developers and investors. Thus, it will compete favorably with leading Blockchains in total value locked (TVL). Executive Director and Founder Yves La Rose has released the new roadmap for EOS. It announced Yield+ and Recover+ as the evolution of DeFi to 3.0.
Two issues have plagued DeFi: lack of sustainability and lack of safety.
BILLIONS have been lost due to DeFi projects being exploited or hacked.
That’s why the @EOSNFoundation asked some of the smartest minds in DeFi to try to solve these problems.https://t.co/MVPqvVKzmh
— Yves La Rose (@BigBeardSamurai) July 26, 2022
With the effect of the news, the altcoin made a move from $ 1 to $ 1.05. However, he later gave back his gains.
35904
