While Bitcoin and Ethereum can’t get a foot in the door today, Altcoin projects like Polkadot and Cardano are up. The market update.
Some people are probably longing for the end of the year with a view to the crypto courses. Because on this Thursday, December 23rd, the market is trading in no man’s land. Instead of a breakout of over $ 50,000, Bitcoin is still in the red today. The key crypto currency is quoted at USD 48,604, which is 1.2 percent less than yesterday.
With Ethereum (ETH) in second place, there is even a minus 2.1 percent daily loss on the tableau. Market value: 3,975 USD.
The overall market, on the other hand, is not noticeably in the red today despite price losses of the top coins. The total market capitalization is only 0.5 percent in the lousy at 2.4 trillion USD.
Altcoins sometimes give a positive picture
With the Altcoins, the situation is more mixed. Coins like Cardano (ADA) recorded a gain of at least 4.4 percent on a daily basis. The 24-hour race of the ten top coins, however, is decided by Polkadot (DOT). Daily plus: 7 percent!
The latter is likely to be due to the launch of five more parachains. Because this brings Polkadot one step closer to its promise as a multi-blockchain platform. The five new chains are Acala, Moonbeam, Parallel Finance, Astar and Clover. In accordance with the Polkadot idea, they all serve different applications – but are united under the Polkadot umbrella.
It also has the idea of gathering various blockchains under one host Deutsche Telekom impressed. As BTC-ECHO has already reported, operates T-Systems MMS, a Telekom subsidiary, established a validator node on Polkadot. The company not only wants to collect staking rewards, but also to participate in the governance process, i.e. actively develop the network.