Unlike B3, the Brazilian stock exchange, the cryptocurrency market never stops, whether Saturday, Sunday or public holiday, it is open 24 hours a day. So, whoever went to enjoy the holiday and forgot this detail, may have lost some extra money with the appreciation of these three well-known altcoins. See what they are.
Crypto.com Coin (CRO)
The CRO token, native to the Crypto.com global cryptocurrency exchange, was one of the altcoins that surprised the market, not just in the last few days, but much of October and November.
In the last 30 days, for example, the cryptocurrency jumped from US$ 0.19 to US$ 0.46, making an appreciation of more than 140% in the period.
At the time of writing, the CRO token trades on the major exchanges at $0.46, up 13% in the past 24 hours. However, the altcoin reached a peak of US$ 0.51 during the early hours of Monday (15), the highest price of the currency so far since its launch.Crypto.com Coin 24h Chart (Source: Coinmarketcap)
KuCoin Token (KCS)
The KCS token, native to the KuCoin cryptocurrency exchange, also stood out in the last 24 hours with a 16% increase, reaching a historic price this Monday morning, when it hit US$27.84.
At the time of writing, KCS is trading at $27.28. The total valuation in the last 7 days is 30%, according to data from Coinmarketcap.
Of these three known cryptocurrencies, TRON was the least valued in the last 24 hours, with a 9% gain percentage, trading at the time of the text at approximately $0.12.
Even with this high, the TRX went far from beating its historical price record — US$ 0.22, which occurred in April 2018. In the last 7 days, however, the cryptocurrency has already gained 20%.
Former Wall Street Banker Partners With Ethereum Competitor for New $1,500,000,000 Crypto Fund
A former Citigroup executive is shaking up the crypto investment space with a $1.5 billion venture, partnering with a leading layer 1 altcoin project.
Hivemind Capital Partners is an investment firm founded by Matt Zhang, a 14-year Citigroup Inc veteran. In a press release, Zhang announces Hivemind’s mission to provide solutions to early blockchain entrepreneurs through the creation of a new “tailor-made crypto investment platform.”
“We believe blockchain technology is a paradigm shift, and we are still in the early innings. Our mission is to provide start-to-finish capital and infrastructure solutions to visionary entrepreneurs and category-defining crypto projects.
The traditional asset management model is not designed to do this, which is why we are building a tailor-made crypto investment platform from the ground up that also offers the infrastructure institutional investors need for risk management, compliance and security.”
Hivemind is partnering with payments and decentralized finance (DeFi)-focused blockchain Algorand (ALGO) as a “strategic partner to provide technology capability and network ecosystem infrastructure.”
“We believe that Algorand is the preeminent blockchain protocol that allows institutional and corporate users to connect with the decentralized economy. With the explosive growth of the digital asset space, people tend to forget how early the crypto economy still is. We want to team up with partners who have the patience to build an enduring business.”
However, Zhang notes that Hivemind is exploring partnerships with other layer 1 blockchains as the project progresses.
“We are also in active discussions to form partnerships with a number of other leading layer-1 networks. The goal is to build a multi-chain world to let our investors see the best opportunities across the entire crypto ecosystem.”
ALGO, trading at $1.82 at time of writing, is up nearly 12% on the day. The payments blockchain has interest from other large investors lately, including an endorsement from American financier Anthony Scaramucci last month.
MicroStrategy Buys $414 Million Worth of Bitcoin
MicroStrategy has announced another massive Bitcoin purchase
Business intelligence firm MicroStrategy has wowed the cryptocurrency community with yet another massive Bitcoin purchase.
The company announced Monday that it had bought an additional 7,008 Bitcoins at an average price of approximately $59,187 per coin since the beginning of October.
MicroStrategy’s Bitcoin riches have now swelled to 121,044 coins, whose average purchase price is $29,534.
The company currently holds roughly 0.64% of Bitcoin’s total circulating supply.
Bitcoin did not budge on the announcement as it continues to flatline just above the $57,000 level.
As reported by U.Today, the flagship cryptocurrency has managed to partially recover from the violent sell-off that took place on Monday.
Billionaire Tim Draper Reveals Two Altcoins He’s Watching in the Crypto Space
Bitcoin bull Tim Draper is naming two altcoins in the crypto markets that he’s keeping an eye on due to their strong fundamentals and unique use cases.
In a new interview on Bloomberg Markets, the billionaire venture capitalist says that open-source programmable blockchain Tezos (XTZ) has the things that he wants to see in a crypto project.
“What I look for is who are the entrepreneurs and who are the engineers behind a given token. I love some of the tokens. I love Tezos because it’s got a great engineering team, and they’ve redefined how to operate a token. They do it as proof of stake. They use less energy, and they have a new form of governance and that’s exciting.”
Draper says that he is also watching Ethereum-based altcoin Aragon (ANT). Aragon is an open-source software that enables users to build and manage their own decentralized autonomous organizations (DAO).
Aragon developed a community-governed decentralized court system to handle subjective disputes requiring the judgment of human jurors. According to Draper, this system could “revolutionize the way juries work.”
Looking at Bitcoin, the Draper Associates founder says that the king crypto is a great hedge against inflation, and that its protocol offers superior trust and reliability over government entities.
“For investors, I think holding on to Bitcoin is probably a good place to be because there are only 21 million Bitcoin out there, and they represent the freedom that allows us to use them anywhere and the trust in that you are trusting in the software rather than trying to trust some bank or some government entity.”