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5 days agocryptodaily
How Big Eyes Innovations will Outperform Shiba Inu & Floki Inu in Crypto Market
Not many coins can raise $1 million at the first presale, but for Big Eyes, this is a simple possibility as it has earned well over that figure after its first presale. This isn't surprising though, Big Eyes (BIG) offers innovations that will outperform Shiba Inu (SHIB) and Floki Inu (FLOKI) in the cryptocurrency market. But how's this so? Let's go deeper. Shiba Inu (SHIB) Shiba Inu (SHIB) started as a community meme token and has consistently grown and expanded since its launch in 2020. To a large extent, this meme coin has sparked the interest of the cryptocurrency market, so much so that it was tagged the Dogecoin Killer due to its disruptive elements. When its ShibaSwap launched in July 2021, there was a stir in the crypto community that indicated how positive news can affect token prices, in both the long and short term. Shiba Inu (SHIB) is projected to experience more even growth shortly as the SHIB ecosystem continues to incorporate new updates. In July 2022, there was an official announcement that a new collectible card game was to be used in the SHIB metaverse. It is believed that if the game lives up to its hype, the price of the Shiba Inu (SHIB) token could potentially increase. Such updates have the potential to rev up its cryptocurrency prices. This isn't a mere conjecture; it is happening already. In August 2022, ShibaSwap's main token, BONE, witnessed a 110% price spike following its listing on centralized crypto exchanges, and this has attracted more traders to its community. According to CoinMarketCap as of the time of writing, Shiba Inu sells for $0.00001307. Floki Inu (FLOKI) The second token, Floki Inu, is also a leading dog-themed coin in the crypto market, inspired by Elon Musk, the CEO of Tesla. The FLOKI project began when Elon Musk tweeted that he'd adopt a Shiba Inu dog and name it Floki. This meme coin was designed by enthusiastic members of the Shiba Inu crypto community. The project runs on the Ethereum blockchain and the Binance Smart Chain (BSC) network and is backed by the “Floki Vikings”, an ever-growing fanbase. Aside from this, the FLOKI community will partner with Kimbal Musk’s Million Gardens Movement from time to time to tackle food insecurity and support other charitable causes in the world today. With a total supply of 10 trillion tokens and nearly 50% burned on Ethereum and Binance Smart Chain, there are enough coins in the cryptocurrency market to go around for years to come. FLOKI recently announced plans to work on an NFT marketplace, an NFT gaming metaverse, and a metaverse education platform. According to CoinMarketCap, FLOKI currently sells at $0.000009768. Big Eyes (BIG) and Its Innovations Big Eyes is a community meme coin designed to improve the financial status of its members and support charitable causes to save a core part of our planet, particularly our water bodies and oceans. But, that's not all there is to this new kid on the block. Big Eyes features a Big Eyes NFT Club where Big Eyes NFTs and other top NFT projects will attract members of the Big Eyes community, especially persons with large eyes, and help them leverage the robust opportunities in the cryptocurrency markets and NFT ecosystem. For cat lovers all over the world, Big Eyes features a catlike theme that will offer identity and a huge attraction that will remain at the center stage of cryptocurrency conversations. This positions Big Eyes to tap an uncharted part of the cryptocurrency market. Big Eyes is essentially community-driven and will thrive on the support of its growing fanbase. Trading Big Eyes (BIG) on the platform is also free for its users, as there are no gas fees to pay when transacting on the network. Merely looking at its bold move and the enthusiasm of its community, that's no doubt Big Eyes may pose serious competition to Floki Inu and Shiba Inu in the cryptocurrency market. Please click this link to find out more about Big Eyes and how to take advantage of its cryptocurrency prices. Or join on Presale: Website: Telegram: Disclaimer: This is a sponsored pressrelease andis for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
5 days agocryptodaily
Moshnake, Avalanche, & Solana Are 3 ‘Ethereum Killers’ Rumoured to Explode This Year
What’s new with Avalanche (AVAX)? In August, Avalanche (AVAX) reached a record high for daily transactions, outpacing Ethereum (ETH) in value. One of the main improvements helping the Avalanche coin succeed in the market is AvalancheGo Verbier. In addition, the Avalanche network's expansion, as announced by Ava Labs, has caused Avalanche to grow. Currently ranking in the top 20 by market capitalisation with a market cap of $7.8 billion, AVAX seems to be on a bullish road. Hubble Exchange recently introduced perpetual futures on the Avalanche network making the Avalanche coin particularly appealing. Moreover, since it supports customised Avalanche subnets and has chains compatible with Ethereum and EVM, the coin is much more desirable. What’s spiked Solana’s (SOL) price? According to a press release by Jump Crypto, the company is entering the room to help ‘Solana’s open-source core software’ and to ‘increase the throughput and reliability of the network’ due to its recent slowdowns and outages. In the upcoming 12 months, the network is expected to have efficiency, resilience, and a faster rate of processing transactions. The coin has seen a 7% rise in the past seven days at the time of writing, according to Coinmarketcap. Anatoly Yakovenko, the co-founder of Solana (SOL), explained how the network had grown significantly over the past two years. The market capitalisation of Solana increased by nearly 10,000%, from less than $150 million in August 2020 to $14.96 billion at the time of writing. Will Moshnake (MSH) take over the GameFi world? To give players a benchmark experience, developers decided Moshnake (MSH) should be built on top of the BNB Smart Chain. The team has analysed all of the popular blockchain networks in the GameFi market to provide an excellent gaming experience. In the upcoming years, Moshnake will develop into an entirely community-driven game. The Moshnake engineering team will work with the community and fans of Moshnake to gather ideas and suggestions during the game design and development stage. The governance token $MSH will power and direct the Moshnake DAO. The token will enable community members with administrative, voting, and governance powers to vote on ideas about game development, marketing, and expansion, among other things. MSH tokens will be given to the players. As additional MSH tokens are given to the players, it is anticipated that the full conversion to DAO will take place. For the project to become truly decentralised, the ownership of tokens by the development team and the initial investors will become less centralised in the future. Anyone can join Moshnake DAO and start voting by staking MSH coins into the contract. The number of Moshanke Tokens staked and the total number of MSH tokens in circulation will determine the voting power. All of the above coins have great future potential with the possibility to make you a future millionaire. To find out more about Moshnake (MSH), visit the links below: Website: Telegram: Twitter: Disclaimer: This is a sponsored pressrelease andis for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
6 days agocryptodaily
Ripple, SEC File Motions For Summary Judgment In XRP Lawsuit
Ripple Labs and the US Securities And Exchange Commission (SEC) have both filed motions for a summary judgment. Both parties have argued that the judge overseeing the case has enough information to make a ruling instead of letting the case move to a potentially lengthy trial. Motions For Summary Judgment Filed It looks like both Ripple Labs and the Securities and Exchange Commission (SEC) are ready to conclude the lawsuit and bring their case to a close. In separate motions filed at the US District Court for the Southern District of New York, both parties asked the presiding judge, Judge Analisa Torres, for a summary judgment on the case which began in December 2020. A summary judgment is a type of judgment delivered based on evidence filed and statements recorded instead of letting the case go to trial. The documents related to the motions filed by both parties were posted to a federal court database on Friday. Typically, summary judgment motions are filed when both parties do not wish to contend the facts associated with the case and want to avoid a potentially lengthy trial. The Lawsuit Against Ripple The SEC had, back in 2020, sued Ripple, alleging that the platform had raised over $1.3 billion by selling the native token, XRP, in unregistered securities transactions. Chris Larsen, Ripple Executive Chairman, and Brad Garlinghouse, Ripple CEO, were both listed as co-defendants in the lawsuit, with the SEC alleging they actively aided and abetted the illegal moves made by Ripple. On its part, Ripple has consistently maintained that the sale of its native token and trading did not meet the requirements of the Howey Test. The Howey Test refers to a US Supreme Court case that has often been used as a yardstick to determine if an asset is a security or not for several decades. A Litany Of Discovery Motions Since the case began in 2020, both parties have filed several discovery motions. However, the primary underlying issue, whether Ripple violated securities law by selling XRP, was not really litigated. With the summary motions filed by both parties, the court will now decide whether the Securities and Exchange Commission or Ripple have provided enough proof to prove if there was a violation of securities law or not through the sale of XRP. The SEC Arguments In the new filings, the SEC argued that the statements by Ripple executives prove that Ripple Labs sold XRP, with investors purchasing the cryptocurrency believing that its value would spike significantly over time. The SEC stated in its filing, “Ripple publicly touted the various steps it was taking and would take to find a ‘use’ for XRP and to protect the integrity and liquidity of the XRP markets.” The SEC further stated that Ripple does not deny offering XRP for money, which meets the “investment for money” criteria of the Howey Test and thus should be considered as selling of a security. The SEC website states that under the Howey Test, an investment contract exists when there is an investment of money in an enterprise, with the expectation that profits can be derived from the efforts of others. Ripple’s Counter-Filing Ripple, in its counter-filing, retorted that it had nor has any contract with the recipients of XRP, further adding that it was not even involved with most of the XRP trades since they occurred in the secondary market. The platform has also argued that the SEC does not have any jurisdiction over XRP, as it was sold on overseas exchanges. It is also countering that XRP is not a security under the Howey Test since it does not involve an investment contract. Ripple stated in its motion, “When asked in discovery, the SEC refused to identify a contractual basis for a single offer and sale of XRP. Thus, because the Securities Act’s definition of an ‘investment contract’ requires an underlying contract, the SEC has no case to take to trial.” In a Tweet, Ripple CEO Brad Garlinghouse lashed out at the SEC, tweeting, “Today’s filings make it clear the SEC isn’t interested in applying the law. They want to remake it all in an impermissible effort to expand their jurisdiction far beyond the authority granted to them by Congress.” Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
9 days agocointelegraph
Bitcoin exchange inflows see biggest one-day spike since March 2020
236,000 BTC enters trading platforms in a single day amid what one commentator calls "unusual" exchange flows.
12 days agocryptodaily
Ripple (XRP), Cardano (ADA) Price Analysis For 2023; The Hideaways (HDWY) Presale Price Increase Happening This Friday
Ripple (XRP) and Cardano are 2 of the biggest crypto projects out there, although with an increasing number of projects being built on the Cardano ecosystem in the last week, our analysts give their Ripple price predictions and Cardano price predictions for 2023. If you haven’t heard about The Hideaways yet then you’re just in time. The team have confirmed a 100% price rise is happening this Friday, so invest now and you’ll make a guaranteed 100% this week! Cardano's (ADA) Upcoming Fork Cardano, despite being similar in market cap to Ripple, has fared better as a project recently with many analysts speculating a spike in ADA price. The remodelling of the Cardano Ecosystem as a platform to build new decentralized projects has further opened the potential of Cardano to overtake coins currently above it. Does this make ADA a good investment? We think there’s some potential. These upcoming projects will require ADA which will in turn increase the price once accumulation begins but in the current bearish market we think gains will be limited. Although the price of ADA is expected to increase in 2023 slightly due to new applications of the Cardano blockchain, we think there are better investments out there. Ripple (XRP) Unending Lawsuits Affecting Prices The continuous lawsuits against Ripple (XRP) have had a great effect on the coin over the last few years, leaving investors in a state of confusion. The Ripple (XRP) price has been pulled down by the bear market and currently trades in a sideways holding pattern, with investors not spotting much opportunity for it to break out. Until the lawsuits come to an end, analysts aren't certain about the direction the Ripple price is heading. Our analysts think the Ripple price should be added to your shortlist whilst the lawsuits against Ripple potentially come to an end. If they fall in Ripple’s favour, our analysts predict the Ripple price could jump and make Ripple a good investment in 2023. 100% Gains if You Invest In The Hideaways Before Friday The Hideaways (HDWY), ties the knot between web3 technology and web2 real estate investment and rewards crypto investors with real world rental income paid as crypto and also crypto staking rewards. The presale has been on fire, with close to 60m tokens being sold. Still in Phase 1 of their presale, the token price has been confirmed as increasing from $0.01 to $0.02 this Friday. You still have time to invest now and make 100%! We wanted to focus on their Diamond tier membership and the rewards on offer as we think they’re the best available in the current market. For just $50,000 you can secure 1 of 25 Diamond tier memberships. These offer best in class rewards such as a free annual private jet flight, a free 2 week 5* holiday including flights, a luxury concierge service worth $50,000 per year, access to an exclusive investment network and much much more. With a limited number available, it’s little wonder that these memberships are selling fast! Website: Pre-Sale: Telegram: Twitter: Disclaimer: This is a sponsored pressrelease andis for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice. Disclaimer: This is a sponsored pressrelease andis for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
13 days agocoindesk
This San Diego Car Wash Is Using NFTs to Drive Up Demand
The San Diego-based chain Soapy Joe’s added NFTs to its list of membership benefits and saw a spike in customers visiting multiple locations to collect them.
17 days agocryptodaily
GameStop Joins FTX As Retail Partner
Gaming retail company, GameStop, has signed a partnership deal with crypto exchange, FTX.US, to bring a more integrated experience to both of their customers. FTX x GameStop Although the financial terms of the contract have not been revealed, it is established that GameStop will be FTX’s preferred retail partner in the United States for the entire term of the partnership. The deal will allow GameStop customers to access the FTX community and marketplaces for digital assets. Additionally, GameStop will also start carrying FTX gift cards in select stores and collaborate with them on new eCommerce and online marketing initiatives. GameStop’s Web3 Pivot The news of the partnership set the gaming retailer’s share value to go up 13%. GameStop’s shares closed at $24 on Wednesday and were trading at $27.35 after the bell. The company has been attempting to break into the Web3 space ever since it was at the center of a social media-fueled trading frenzy that sent its shares soaring. Since then, the company pivoted to focus on strengthening its eCommerce capabilities, thus leveraging the spike in online shopping during the pandemic. Since then, the company has launched its own digital assets wallet that allows users to store, send, receive, and use cryptocurrencies and non-fungible tokens. The wallet, which runs on the Ethereum blockchain, will operate across decentralized applications (dApps) and is fully non-custodial. This means that users have full control over their digital assets without any third-party intervention. However, the most exciting feature of the wallet has been tied to the biggest news from GameStop for 2022, i.e., the launch of its own NFT marketplace. GameStop’s NFT Marketplace The company launched the beta version of this marketplace in July 2022 in partnership with blockchain startup Immutable X. The most noteworthy fact about this marketplace was that it started out with a record-breaking start. Within just 48 hours of being live, the GameStop NFT marketplace outperformed the Coinbase NFT marketplace, which had been soft-launched earlier this year in April, and then fully opened to the public in May. In fact, in just two days of being active, the GameStop marketplace experienced nearly twice the all-time trading volume of the Coinbase marketplace. What’s FTX Been Upto? On the other hand, Sam Bankman-Fried-led FTX has been making strong moves in the social media and DeFi spaces. For example, it recently partnered with Reddit to launch the network’s Community Points program. On top of that, word around the blockchain is that FTX is all set to acquire crypto lending platform, BlockFi, at a floor price of $15 million. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
19 days agocryptodaily
Aave Pauses ETH Loans As Bellatrix Goes Live
DeFi lending protocol Aave has announced that it has paused ETH loans. The announcement comes after a community vote in favor of pausing them, given Ethereum’s upcoming Proof-of-Stake upgrade, which commenced with the Bellatrix hard fork. A Temporary Pause Aave’s community has overwhelmingly voted in favor of a temporary pause in loaning ETH as Ethereum enters the final phase of its Proof-of-Work transition. The decision to halt ETH loans is unprecedented, as it sees Aave set aside DeFi’s free-market principles in favor of mitigating protocol-wide risks that could result from Ethereum’s transition to Proof-of-Stake. The transition, called “the Merge,” will see the protocol finally abandon its Proof-of-Work mechanism and is slated to take place between the 13th and 15th of September. The proposal, titled “Temporarily pause ETH borrowing,” was built after concerns that Ethereum’s upgrade to Proof-of-Stake could drive a surge in Aave’s loan utilization rate. Loan Utilization Rate Already Spiking? The pause is an effort to protect the Aave protocol from risks that could arise from a surge in demand for ETH from traders betting on Ethereum’s overhaul. Interestingly, Aave has already seen a growth in lending demand in the weeks leading up to the Merge. “Ahead of the Ethereum Merge, the Aave protocol faces the risk of high utilization in the ETH market. Temporarily pausing ETH borrowing will mitigate this risk of high utilization.” The utilization rate is the percentage of the pool loaned out to traders against the ETH left in the liquidity pool. Concerns around liquidity started to grow in the Aave community as the Ethereum upgrade drew closer. The rate could see a significant spike before the Merge as more users borrow ETH in the hopes of receiving free money or the potential ETHPOW token, which could result from a hard fork. The Aave community is concerned that the utilization rate could potentially touch 100%, leading to a liquidity bottleneck. This prompted the community to introduce the pause, with members hoping it could serve as a deterrent against any potential liquidity crisis. The Risk From High Liquidations A significant spike in the utilization rate would obviously mean that most, if not all, of the ETH, has been loaned out. This would leave very little for liquidators as collateral, making it difficult to process regular liquidations of ETH positions. Block Analitica stated in the proposal, “High utilization interferes with liquidation transactions, thus increasing the chances of insolvency for the protocol.” The move to temporarily suspend borrowing of ETH has been hailed as a prudent move by the protocol, with Ian Salot, partner at Tagus Capital, stating, “The part of the problem is that if markets become very volatile and ETH borrowers need to be liquidated, there may be a scarcity of ETH due to high utilization, making it harder for liquidations to go through effectively.” Impact On ETH-Funded Recursive Trades A higher utilization rate could also impact recursive trades, lifting ETH borrowing rates to such a level that popular ETH-stETH recursive borrowing positions become unprofitable. Such a scenario could potentially lead to a mass unwinding of positions and inject volatility in the stETH markets. In a recursive trade, ETH is deposited into a liquid staking protocol such as Lido in exchange for staked ETH. This is then deposited as collateral on Aave to borrow ETH, which is again deposited to Lido for more stETH, with the cycle continuing. This leveraged position loses its appeal once the borrowing rates exceed the annualized staking rewards. Bellatrix Successful, Merge Almost Here Meanwhile, Ethereum’s Bellatrix upgrade went live without any hitches, marking the completion of the first of two stages leading up to the Merge. The success of the upgrade had a hugely positive reaction, with ETH surging by 6%. The second stage of the Merge, christened Paris, will take place between the 13th and 15th of September, according to Ethereum co-founder Vitalik Buterin. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
22 days agocryptodaily
Crypto Weekly Roundup: Compound Bug, Saylor Sued, And More
Other than the upcoming Ethereum Merge, the Michael Saylor case has been a hot topic of conversation this week. Let’s find out about the charges, Saylor’s reaction to them, and other noteworthy events in crypto this week. Ethereum With the much anticipated Ethereum merge only days away, much is being made of the projected changes to the network. However, arguably the biggest change is the massive decrease in energy consumption. Layer-2 Ethereum scaling solution Arbitrum has announced the date for one of its most significant upgrades to the protocol. DeFi Decentralized exchange dYdX has been criticized on social media over its identification request, which requires users to verify their identity through their webcam. Compound Labs had to suspend its cETH market for a week after a bug was introduced during its latest upgrade. MakerDAO co-founder Rune Christensen outlined his vision for the DAI stablecoin, outlining the importance of a free-floating DAI and limited RWA (Real World Asset) exposure. Solana-based decentralized exchange OptiFi inadvertently bricked the system by permanently locking up $661,000. Altcoins Cardano’s Vasil hard fork could finally see the light of day as Cardano developers announced a definitive date for the launch. The Helium Network, an Internet of things (IoT) blockchain, is contemplating a move to the Solana blockchain and ditching its own blockchain. CryptoLeaks has alleged that Ava Labs has been attacking its market competitors through class action lawsuits. Ava Labs CEO has dismissed all such allegations. Technology Crypto custody firm Fireblocks has integrated the Web3 Engine tool to provide developer support to the DeFi, NFT, and gaming apps on the Solana blockchain. With the Ethereum merge on its way, the price of GPUs and ASIC mining equipment has slowed down from its notorious spikes. Business Celsius is asking the court for permission to return crypto to the value of around $50 million belonging to custody accounts. Seven Seven Six, the venture capital firm run by Reddit co-founder Alexis Ohanian is launching a $177 million crypto fund. accidentally paid more than $10 million into an Australian woman’s account and didn’t realize the error until 7 months later. is reportedly backing out of a $495 million sponsorship deal with UEFA and its premier football event, the Champions League. Regulation Crypto billionaire and MicroStrategy chair Michael Saylor is being sued by the DC attorney general on charges of tax evasion. MicroStrategy called the lawsuit against its former CEO “false” and claimed it would fight back aggressively. California’s state legislature has passed a bill that requires crypto firms to have a license of operation in the state. Paraguay’s president Mario Abdo Benitez has vetoed a highly anticipated bill regulating the cryptocurrency mining sector and other commercial activities related to virtual assets. NFT Rappers Eminem and Snoop Dogg personified BAYC-style avatars in a metaverse performance at the MTV Video Music Awards. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
25 days agocryptodaily
What The AMD and Nvidia GPU Price Cuts Mean For Crypto
Proof of work mining for blockchains such as Bitcoin and Ethereum have gone a long way, and while the Ethereum merge is on its way, the price of GPUs and ASIC mining equipment have slowed down from its notorious spikes. According to a report by Xiao Junhui of Taiwan Economic Daily, Nvidia, one of the largest manufacturers of GPUs, is set to cut down on its GPU prices due to overstock issues. This statement was made in reference to Nvidia CEO Huang Renxun's recent disclosure of the overstock issues, hence the resulting price reduction for majority of its GPU products. Renxun also shared that the move was also influenced by the mounting pressure to cooperate with demands from Taiwan-based silicon factories and chip fabrication facilities. The value of Bitcoin, at one point, has fallen drastically from a previous all-time high of roughly $68k. This has also prompted miners to reconsider their positions and investments for the alpha cryptocurrency, as well as the actual, long-term viability of proof of work-based mining with GPUs. Nvidia itself has recently stated that its earnings, as Ethereum miners have moved away from GPU-based mining due to the forthcoming merge. Both Nvidia and its competitor, AMD, have released crypto-specific GPUs, a move that's seen as a response to the high demand between 2020 and 2021 for GPUs that cater to crypto mining needs. However, as the open market for GPUs have stabilized while the worldwide silicon shortage continued, demand for crypto mining GPUs seems to have waned off. For some time before this year, the shortage of GPUs has been reported across a range of industries, and the crypto miner market has been buying up the restricted supply of GPUs in large quantities, with scalpers then selling them off second-hand at exorbitant rates. This is in contrast with what Nvidia and AMD are now reporting and referring to as their "overstocked" inventory. According to reports, the two firms will likely set a new wave of price reductions come September. OEMs (original equipment manufacturers) such as Asus, Gigabyte, and Palit have not confirmed yet how this will affect their own pricing figures, but its good news nonetheless for gamers and content creators who also need GPUs for their daily drivers. The consequences of these news on supply shortages and GPU price slides amid a still ongoing global recession and pandemic will likely create ripples in the crypto space. The expense of sustaining GPU mining at home or even through a warehouse can be disastrous, even for experienced miners. The market might see another big dump of GPUs being sold off as people abandon GPU mining, or we could see a slight increase in GPU prices as the industry moves to adopt ASICs that have been developed by Bitmain and other firms. It's still too early to tell how these will affect GPU sales and crypto-mining in general, but these new conditions are shaping up to be another big factor in how we'll see the overall crypto market close out as the year ends. Disclaimer: This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
26 days agocoindesk
Bitcoin Mining Difficulty Poised to Spike by Most Since January Amid Colder Weather
Some analysts are starting to see the seasons of Texas constitute the new seasons of bitcoin mining.
26 days agocointelegraph
Bitcoin erases latest gains with BTC price back below $20K as dollar spikes
Bitcoin drops with U.S. stocks as the dollar finds momentum for an attack on earlier twenty-year highs.
27 days agocryptodaily
Uniglo (GLO), Trust Wallet (TWT) And Loopring (LRC) Are Top Tokens With Less Than 1 Billion Market Cap
Smaller cap crypto projects are something every investor should be aware of. Investing is not only a matter of picking the right project but also picking the right project at the right time. The top ten crypto projects have such large market caps that generating life-changing returns is nearly impossible. Investors should look to small/ medium cap projects with the potential to grow; after all, the largest projects started as small caps. Uniglo (GLO)Uniglo currently offers a fantastic entry point being in its presale phase, which is why it is first on the list. This Ethereum-based social currency is introducing a third option for investors. Digital assets have experienced massive volatility in recent times, and fiat’s actual value has been rapidly eroded by inflation. GLO is naturally supported by the Uniglo Vault, which houses a collection of assets. Uniglo allows investors to invest in high-value tangible goods such as gold, fine art, and other collectables typically out of reach for the ordinary investor. Assets have proven to be an excellent store of value, and it is a strategy the ultra-wealthy have employed for generations to preserve their purchasing power. Assets are the only thing that benefits from inflation and general economic gains. As well as being value-backed, Uniglo also features an Ultra Burn Mechanic making this token hyper-deflationary. It is a token investors should be adding to their watchlists. Trust Wallet (TWT)Trust Wallet is a non-custodial wallet that supports thousands of cryptocurrencies and is largely considered the biggest rival of MetaMask. TWT is the utility token of the Trust Wallet ecosystem and entitles users to trading fee discounts within Trust Wallet’s decentralised exchange. Trust Wallet also supports staking directly from the wallet, allowing investors to earn yield effortlessly. As Trust Wallet grows and more people are exposed to TWT, its value will inevitably rise.Loopring (LRC)Loopring is a protocol for building decentralised token exchanges. Built on top of the Ethereum network, Loopring benefits from Ethereum’s security, and this layer two scaling protocol can process transactions far faster than the parent chain. Loopring makes trading assets faster and cheaper by introducing ZKrollups (zero knowledge rollups). Loopring allows developers to build orderbook based decentralised exchanges on the Ethereum network quickly and easily. And this protocol is primed to enjoy massive success in the next bull market phase as money flows back into DeFi and trading volume spikes. Find Out More Here Join Presale: Website: Telegram: Discord: Twitter: Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
27 days agocointelegraph
Bitcoin reaches 'short squeeze' trigger zone as BTC price nears $20.4K
Those betting on further downside begin to see setbacks as Bitcoin starts the Wall Street trading week with a spike higher.
31 day agocoindesk
Large Ether Traders Position for Volatility Spike as Merge Draws Near
Block traders are buying ether strangles, which involves buying both bullish and bearish option contracts.
31 day agozycrypto
XRP Price Eyes ‘Monster Move’ By Whales As Bullish Sentiment in Ripple vs SEC Case Sees Major Spike
Most recently, XRP recorded one of its highest whale transactions in a while, with sentiments looking ultra bullish.
32 days agocryptopotato
Ethereum Spikes 5% to 6-Day High, Bitcoin Eyes $22K (Market Watch)
Ethereum has added almost 5% of value in the past 24 hours and sits at a multi-day high. ETC is the most substantial gainer from the larger-cap alts.
33 days agocryptodaily
Big Eyes Coin Could Hit $50M and Outperform Bitcoin and Dogecoin
In the cryptocurrency market, there are two modes of consensus that the majority of cryptocurrencies abide by. They are Proof-of-Work (PoW) and Proof-of-Stake (PoS). Newer cryptocurrencies often gravitate towards PoS because of its nominal fees, faster speeds, high security, and reduced environmental impact. Bitcoin (BTC) is the pioneer of the crypto world. Its PoW consensus paved the way for thousands of cryptocurrencies to follow. Its popularity is unfathomable as its market capitalisation makes up almost half of the whole crypto market. However, its inception was thirteen years ago, and the crypto market has come a long way since. Dogecoin (DOGE) also utilises a PoW consensus algorithm notorious for low transaction speed and high carbon emissions. The loveable Doge meme inspired Billy Markus and Jackson Palmer to construct the first meme coin in existence. As you know, Dogecoin grew far beyond their expectations and became somewhat of a pioneer in the meme coin market. So, how does this affect Big Eyes Coin (BIG), and how can it outperform the pioneers of the crypto and meme coin market? Big Eyes Coin is built on Ethereum (ETH). Although Ethereum is currently a PoW platform, it is gearing up for a switch to PoS. It is the most anticipated event the crypto market has seen this year. Big Eyes Coin could potentially hit $50 million, catapulting it up the crypto market. Its dedication to one of the most crucial parts of our environment, the oceans, has garnered attention from crypto enthusiasts. Environmentally friendly cryptocurrencies are the way forward in today’s world. Big Eyes (BIG) Launch Is Just Around The Corner! Big Eyes Coin has constructed an ecosystem that benefits the user heavily. 90% of the tokens will be available at launch to give control of the platform to the community. A step-by-step guide will later show you how to buy BIG in the article. The remaining 10% of the tokens will be split equally between a charity and a marketing wallet. Staying relevant in the crypto space is essential for success. That is why Big Eyes Coin has a marketing wallet that can help it stay in touch with the latest trends. When you examine the Big Eyes Coin mascot, you will see that it has an Anime design. Anime is becoming an increasingly popular genre of comic books and cartoons. Currently, 40-60% of the world’s population watches or reads Anime, so it is no surprise that Big Eyes Coin is catering to this market. Big Eyes Coin has plans to create comic books, as seen on its Instagram page, and merchandise with the Big Eyes mascot. It could potentially see a new wave of users gravitate towards the Big Eyes Coin platform. These new users can immerse themselves in the Big Eyes Coin NFT events held each season. Big Eyes Coin aims to have an NFT collection in the top ten projects, which will make the NFTs owned by users valuable. Those holding NFTs will have access to a plethora of events, including the exclusive Big Eyes Sushi Crew, as seen in the picture below. Big Eyes Coin will remove tax from buying and selling on the platform so you can save more of your BIG tokens. Additionally, there will be $2 million locked in liquidity for two years to ensure fast conversions. Big Eyes Coin will be available on Uniswap (UNI), one of the largest decentralised exchanges (DEXs). As mentioned above, Big Eyes Coin will build on the Ethereum blockchain. Although Ethereum is currently using PoW, the upgrade to PoS could be as soon as September! PoS is now considered the favourable consensus by crypto whales due to its increased transaction speed and heightened security. So, could this mean increased attention for Big Eyes Coin by crypto whales? All signs point to yes. How To Sign Up For The Big Eyes Coin Launch You can sign up for the Big Eyes Coin launch with just a few clicks of a button. The website is easy to navigate for newcomers to the crypto world. All you need to do is go onto the Big Eyes Coin website and click sign up for launch. Fill out the required information, as seen in the photo below. All you need is your first and last name with a valid email address to become part of the Big Eyes Coin community. It’s that simple! Will Bitcoin (BTC) Remain At The Top? Anyone who has heard of cryptocurrency will have basic knowledge of Bitcoin. The crypto giant has dominated the market since its inception in 2009. Even in times of hardship, Bitcoin has remained the face of crypto. However, will Bitcoin’s outdated consensus algorithm be its downfall? It is possible. Bitcoin has recorded a 9.06% decrease in value in seven days at the time of writing. As the maximum amount of Bitcoins available to mine draws closer, miners could look for a new PoW cryptocurrency like Dogecoin. Over 90% of Bitcoins are mined, leaving just 1.8 million left! However, there are many reasons why Bitcoin users will move away from the Bitcoin platform. The most notable one is the environment. Bitcoin uses an astronomical amount of energy annually, equating to the same amount as Argentina! Excessive energy consumption results in high carbon emissions. Cryptocurrencies like Bitcoin are being held accountable for their environmental impact. It is one of the reasons why Ethereum chose to switch to PoS. While this is not an option for Bitcoin due to its value being determined by the amount of work it takes to mine a coin, it does not stop the negative publicity around Bitcoin. Bitcoin users can switch from the PoW platform to a PoS platform like Big Eyes Coin. The new cryptocurrency has the potential to dominate the market through Q4, utilising the upgraded technology of Ethereum 2.0. The Pioneer For Meme Coins - Dogecoin (DOGE) Like Bitcoin, Dogecoin was the first of its kind to enter the crypto market. Since its inception, there have been over two hundred meme coins that have graced the market. None of them has obtained the same popularity that Dogecoin has. Dogecoin could be an escape for Bitcoin miners as Dogecoin also uses PoW. Users obtain 6.25 BTC when mining a block of Bitcoin and 10,000 DOGE when mining a block of DOGE. While the prices may differ, Dogecoin has an unlimited supply, meaning users can mine it continuously. Additionally, Dogecoin has the support of billionaire entrepreneur Elon Musk. Even if you haven’t heard of cryptocurrency, you will know Elon Musk. He has often tweeted his support for Dogecoin, resulting in price spikes. Elon Musk has over 100 million Twitter followers, showcasing his effect on the crypto market. In particular, Dogecoin. Recent updates for Dogecoin include a layer-2 network for the Dogecoin platform named, Dogechain. The Dogechain was constructed by DOGE holders and includes games, NFTs, and DeFi for Dogecoin users. Could this development help Dogecoin climb further up the crypto market? It has been over 13 years since the introduction of Bitcoin. The mode of consensus that Bitcoin and Dogecoin use could be classified as outdated, leaving room for PoS platforms to outperform them in the crypto market. Even those with little sympathy for the environment will gravitate towards PoS due to its high speeds, nominal fees, and heightened security. Big Eyes Coin is a new innovative platform that has constructed an ecosystem that appeals to a massive target audience, with many tools at its disposal. If the PoW consensus is outdated, Big Eyes Coin could outperform Bitcoin and Dogecoin when it launches. The success of Big Eyes Coin thus far has created a buzz around the platform that could help it hit $50 million. Will you join the Big Eyes Coin’s growing community? Website: Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.
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About Spiking

The live price of Spiking (SPIKE) today is ? USD, and with the current circulating supply of Spiking at 5,000,000,000 SPIKE, its market capitalization stands at ? USD. In the last 24 hours SPIKE price has moved 0.003619 USD or 0.62% while 18.5646 USD worth of SPIKE has been traded on various exchanges. The current valuation of SPIKE puts it at #254 in cryptocurrency rankings based on market capitalization.

Learn more about the Spiking blockchain network and how it works or follow the price of its native cryptocurrency SPIKE and the broader market with our unique COIN360 cryptocurrency heatmap.

Spiking Price? USD
Market Rank#254
Market Cap? USD
24h Volume? USD
Circulating Supply5,000,000,000 SPIKE
Max Supply5,000,000,000 SPIKE
Yesterday's Market Cap47,504,200 USD
Yesterday's Open / Close0.005882 USD / 0.009501 USD
Yesterday's High / Low0.011316 USD / 0.001746 USD
Yesterday's Change
0.62% ( 0.003619 USD )
Yesterday's Volume18.5646 USD
Powered by  Cryptocurrency prices in USD, market cap, volume
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