The cryptocurrency market saw net outflows of $12.3 billion over the last 24 hours and currently stands at $1.12 trillion — down 1.1% from $1.14 trillion.

During the reporting period, the Bitcoin (BTC) and Ethereum (ETH) market caps fell 1.9% and 1% to $520.18 billion and $217.56 billion, respectively.

The top 10 crypto assets recorded losses over the last 24 hours except for XRP, which saw strong momentum this week from positive news related to the SEC lawsuit and the acquisition of Metaco. Today’s biggest loser is Cardano, dropping 2.3%.

The market caps of Tether (USDT) and USD Coin (USDC) grew to $82.85 billion and $29.58 billion, respectively — whereas Binance USD (BUSD) stayed flat at $5.54 billion.

Bitcoin

In the last 24 hours, Bitcoin fell 1.9% to trade at $26,853 as of 07:00 ET. Its market dominance decreased to 46.3% from 46.5%.

During the reporting period, BTC saw a peak price of $27,480 before trending down, leading to a sharp spill that bottomed at $26,370. A muted recovery topped out at $27,090, followed by a flat-ranging pattern.

Ethereum

In the last 24 hours, Ethereum decreased 1% to trade at $1,809 as of 07:00 ET. Its market dominance rose to 19.4% from 19.3%.

Over the reporting period, ETH saw a sell-off that found support at $1,774 at Thursday lunchtime (ET). A strong bounce followed to top out at $1,822, leading to a minor spill and then a flat print from yesterday evening onwards.

Top 5 Gainers

HEX

HEX is the day’s biggest gainer, growing 10.1% over the last 24 hours to $0.03227 as of press time. The recent launch of PulseChain saw multiple events and milestones, including billions of tokens burned and daily volume exceeding $100 million. Its market cap stood at $5.6 billion.

Injective

INJ rose 5.6% to $6.95521 as of press time. The project is joining the Wormhole cross-chain ecosystem. Its market cap stood at $556.46 million.

Polymesh

POLYX jumped 5.1% to $0.16686 over the last 24 hours. Binance said it would be operating a Polymesh node. Its market cap stood at $106.13 million.

Cocos-BCX

COCOS grew 4.4% over the last 24 hours to $1.70749 as of press time. The project has rebranded to COMBO. Its market cap stood at $121.32 million.

Bitget Token

BGB gained 3.9% to trade at $0.47792 at the time of writing. The Bitget exchange released its Q1 Transparency Report. Its market cap stood at $669.09 million.

Top 5 Losers

Kaspa

KAS is the day’s biggest loser falling 18.4% to $0.01568 at the time of press. The project said it would translate its Kaspium mobile wallet into other languages. Its market cap stood at $291.87 million.

JOE

JOE dropped 6.9% to trade at $0.36854. The project is set to release new collectibles, rewards, and mints. Its market cap stood at $123.99 million.

Bitgert

BRISE lost 6% to $0.000000329416 over the reporting period. The token was a top-five loser yesterday. Its market cap stood at $130.71 million.

Optimism

OP sunk 5.7% to $1.70332 as of press time. Like Injective, Optimism is a member of the Wormhole cross-chain ecosystem. Its market cap stood at $571.25 million.

Pepe

PEPE fell 5% to $0.00000152 over the reporting period. The Bithumb exchange listed Pepe on Thursday. Its market cap stood at $593.92 million.

In the spotlight of the top market stories of this year, there is a palpable search for a coin poised to create the next crypto revolution. So it Is past time to introduce a new token capable of challenging the market-leading meme coins and other altcoins. 

BudBlockz (BLUNT) has arrived with a bang. The coin rapidly grows a large community, eventually increasing its value. Shiba Inu (SHIB) and Hex Coin (HEX) are among the most popular tokens, with a large community following. 

Let’s take a closer look at BudBlockz (BLUNT), which is geared to overtake these two market leaders.

Shiba Inu’s (SHIB) Success Sparked a Tidal Wave of Imitators

Shiba Inu (SHIB) is a token within the Shiba Inu ecosystem. Ryoshi, an anonymous person or group, created this decentralized meme token in August 2020. Shiba Inu and the SHIB token are a slew of dog-themed cryptocurrencies, including Dogecoin and Baby Dogecoin. Investors who missed the Dogecoin price increase from 0.0002 to almost 0.75 USD have been attracted to these lower-valued tokens.

One of the pointers to Shiba’s success is how it spawned a slew of imitators, including BitShiba, King Shiba, SHIBAVAX, Shiba Fantom, Shibalana, SpookyShiba, and countless others. There are over 100 Shiba Inu (SHIB) copyists, and the number is constantly increasing.

Hex Coin (HEX) Creates a Reputation in High-Stake Investments

The Hex Coin (HEX) project aims to capitalize on a market for cryptocurrency that was virtually untapped before high-stakes investment. With smart contracts and security protocols protecting investment and interest, HEX is a convenient platform for this financial activity. 

Hex Coin (HEX) is the blockchain’s first high-interest Certificate of Deposit (CD). HEX was introduced in 2019, allowing users to put their Bitcoin or fiat money into HEX and earn interest. Since interest rises in tandem with the price of the coin, the more users who stake Hex Coin (HEX), the more interest they will receive.

The successful listing of HEX on major exchanges opened new doors for both the token and its users. Users are now able to obtain HEX in a broader range of formats. Furthermore, they can exchange HEX at a fixed rate, an essential risk-mitigation feature in the blockchain platform.

BudBlockz (BLUNT) Blazes the Trail; it’s More Than Just a Blockchain Project

BudBlockz (BLUNT) is much more than just a blockchain project. Investors have been anticipating the launch of the BudBlockz project for some time. When the BudBlockz team announced the private sale, it sold out all allocated tokens well before the time limit. The BudBlockz (BLUNT) project had to launch its presale earlier than planned to meet the overwhelming demand.

Even though BudBlockz Token, $BLUNT, has yet to officially launch, its early success in private sales and presales has fueled speculation that $BLUNT is on its way to the top of the cryptocurrency charts.

Despite the crypto winter, this impressive head-start for $BLUNT contrasts with Hex Coin, whose price is below the 200-day simple moving average (SMA). The market analysis for the coin is bearish, showing sales. In the same vein, technical indicators reveal that the current sentiment is also bearish for Shiba Inu (SHIB), with the Fear & Greed Index reading about 21 (Extreme Fear). Over the last month, SHIB had 13/30 (43%) green days and 12.51% price volatility. Despite the earlier success of these two coins, BudBlockz will surely give them a run for their money soon.

Learn more about BudBlockz (BLUNT) at the links below:

Official Website: https://budblockz.io/ 

Presale Registration:: https://app.budblockz.io/sign-up 

BudBlockz Community Links: https://linktr.ee/budblockz

Use the promo code “CYBERWEEK” to receive a 20% bonus on your $BLUNT purchase before 5 December 2022.

Crypto users that plan to make huge returns and marked gains in the crypto market must understand that profit comes with diversity. A user’s ability to choose the right tokens to invest in across different industries could be the difference between loss and gains. Projects like Big Eyes Coin (BIG), Hex Coin (HEX), and Shiba Inu (SHIB) are tipped as tokens that could explode once the crypto winter ends.

Big Eyes Coin (BIG): The Crypto Space’s next BIG Meme Coin

Big Eyes Coin has come a long way in its journey to the top of the meme coin charts. It aims to be a crypto project that offers utility, uncomplicates the DeFi space, and channels financial growth to the DeFi ecosystem.

The new transition from Proof-of-Work (PoW) to Proof-of-Stake (PoS) has given Ethereum a permanent scaling solution, and Big Eyes Coin, which is built on the Ethereum Blockchain, benefits from this scalability as well. The interoperability and high security provided by Ethereum make Big Eyes Coin very secure.

Solidity Finance has verified and audited the protocol to be 100% secure, and CoinSniper has vetted the team to avoid rug pull scams.

Big Eyes Coin (BIG) is currently in the 6th stage of its presale event, which means there is still time to jump in and get in on the wonderful opportunities provided by the project. More information on Big Eyes Coin, its community activities, roadmap, tokenomics, and charity events can be found on their website, which teases a lot of great projects to be released soon.

Users are Bedazzled by Hex Coin (HEX)

Hex (HEX) changed the game, launching as a Blockchain Certificate of deposit developed by Richard Heart in 2019. It was built on the Ethereum Blockchain, using the Ethereum network as its transaction layer while maintaining its staking and consensus protocols within the HEX smart contract.

Hex Coin (HEX) offers great interest rates to users on their staked assets and is the first cryptocurrency with a publicly accessible chart of locked assets. This lets users see which locked pools will be released soon and plan accordingly. Hex Coin runs on a Proof-of-Work (PoW) and Proof-of-Stake (PoS) hybrid, rewarding stakers with HEX coins while incentivizing Ethereum miners with small amounts of Ethereum for processing user transactions.

Currently, Hex Coin maintains a market cap of $6.6 billion, with a fully diluted market cap of over $24 billion. The huge interest rates offered by Hex Coin have contributed to the token’s popularity and adoption rate.

The Shiba Inu (SHIB) DeFi community

Shiba Inu (SHIB), the popular Ethereum-based meme coin, was launched in August 2020 as an experiment in community governance and autonomy. It has quickly developed into a multi-billion dollar project with infinite possibilities and promise.

Shortly after the launch, half of the token’s total supply was airdropped into Ethereum founder Vitalik Buterin’s wallet as a wallet marketing scheme. The idea was that Vitalik would not rug the community, and his support would help the project build dominance and adoption.

In 2020, Vitalik spearheaded crypto’s biggest charity event when he donated a huge number of the coins in his possession to the Indian COVID-19 relief fund, burning the rest of the tokens. The resultant scarcity sent the price of Shiba Inu surging upwards.

Tweets from Elon Musk and other notable tech and crypto giants have also done wonders for the Shiba Inu market price. Shiba Inu (SHIB) rewards users who provide liquidity for the protocol with SHIB tokens which are the native tokens of the protocol. These tokens also empower the community financially and provide them with governance privileges. There are plans for Shiba Inu to venture into the NFT industry with the release of the SHIB NFTs soon.

Crypto projects like Big Eyes Coin, Hex Coin, and Shiba Inu provide great options for new users as they are picked from varying industries within the crypto space. 

To find out more about Big Eyes Coin (BIG), visit the links below:

Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL

A cryptocurrency is a decentralized digital form of money designed for virtual use. It makes use of blockchain technology, which is essentially a distributed ledger system enforced by various computers. Because cryptocurrencies are decentralized, the government cannot intervene to regulate or influence them and this exempts them from governmental control. Cardano (ADA), Hex Coin (HEX), and Feed3 (FD3) are cryptocurrencies making an impact in the cryptocurrency space.

Cardano (ADA), the Community-driven Token

Created in 2017 by Charles Hoskinson and Jeremy Wood, Cardano is a platform that enables users and developers to create their blockchain-based software applications, such as Decentralized Applications (dApps), using the Proof-of-Stake mechanism. Cardano differs from other rival blockchain platforms by using a special structure with a dual-layer framework. While its second tier, the Computational Layer (CCL), acts as the foundation of Cardano’s functionality, the first layer, also referred to as its Settlement Layer (CSL), allows holders of the Cardano (ADA) token the capability to receive and send transactions instantly and for extremely low fees.

Transactional activities which include trading and fee payment make use of the Cardano (ADA) token. The Cardano (ADA) tokens are also used to buy the appropriate software and code keys for creating applications on the Cardano platform. Cardano (ADA) has its community at heart as it allows its community members to participate in its governance. As part of the process on which it was built, rewards and incentives are also supplied when the Cardano (ADA) tokens are held.

Hex Coin (HEX) Payment Security, Eliminates Credit Card Requirement

The Ethereum blockchain network provides the foundation for the Hex Coin platform. The native token of Its ecosystem is called the Hex Coin (HEX) and users that consent to have their Hex coin (HEX) frozen for a predetermined period (staking) will receive rewards in the form of tokens. These locked tokens will pay interest based on the time they are closed, demonstrating the community-driven nature of the Hex Coin platform. With its prospects, Hex Coin (HEX) can continue to play a role in the cryptocurrency market. The secure and efficient payment method built into Hex Coin (HEX) eliminates the necessity for credit card and payment firms. Decentralization of transactional operations will be facilitated, leading to significant fairness and transparency in the area.

Feed3 (FD3): The New Approach to Earning Rewards with Voice Feedback and Gaming

In an aim to make it simpler for users and community members to submit feedback when using Decentralized Applications (dApps) for social networking, interactions, or playing games in virtual reality, a platform called Feed3 was developed. This feedback will be provided through the Artificial Intelligence (AI) voice of the platform, which not only precisely captures the words and assertions of these users in whatever languages they speak but also translates them into a common tongue for simple communication. The Al in charge of transmitting this feedback can also deliver responses from the members of the team and developers in a vice-versa way.

Feed3 (FD3), the network’s utility token, is the token used for platform administration and other related tasks. Members of the community who use the Feedback audio technology are compensated with Feed3 (FD3) tokens for their contributions to maintaining and advancing the platform’s goals.

How to Get Feed3 (FD3) in Three Super Easy Steps

Firstly, use a MetaMask or Trust Wallet on your computer or mobile device, respectively.

Secondly, access the website using the wallet browser. When purchasing Feed3 (FD3) tokens, fill in all the necessary fields and select a token.

For the third and final step, after the completion of the pre-sale, tokens will be sent to your wallet.

Feed3 (FD3)

Presale: https://presale.feed3.io

Other major cryptocurrencies have also seen significant gains, with Ethereum (ether) rising by 6 per cent over the last 24 hours and nearly 15 per cent over the last seven days. Cardano (ada), Solana and Hex have all hit record highs in recent days, amid a crypto bull run that has taken the combined market cap above $2.1 trillion for the first time since May.

Skeptics claim the recent run of good form is merely a “dead cat bounce” that will act as a precursor to new year-to-date lows.

Cryptocurrency analysts remain divided over which direction the market will go from here, with prescribers to bitcoin’s Stock-to-Flow model believing that the current rebound will lead to a new all-time high.

You can find all the latest news updates, market analysis and expert commentary right here.

Show latest update

1630487825Bitcoin rivals end August on record-breaking runs

Bitcoin and other leading cryptocurrencies are riding high at the start of a new month.

It remains a long way off the all-time high it experienced in April, however several of its rivals a enjoying record-breaking runs – most notably Cardano (ada).

After a tumultuous May, June and July, it was a good August for the cryptocurrency market, growing by more than half a trillion dollars. It currently commands a combined market cap of more than $2 trillion, with bitcoin leading the bounce back with a price rise from below $30,000 to nearly $50,000.

It is now ranked the third most valuable cryptocurrency in the world, behind bitcoin and Ethereum (ether), having risen from $0.18 at the start of the year to nearly $3 over the weekend. It has since dipped but continues to trade around $2.80.

(CoinMarketCap)

Anthony Cuthbertson1 September 2021 10:17

1630486101Hello and welcome…

to The Independent’s live blog of the crypto market. We’ll have rolling coverage of all the latest news, price updates and market analysis – together with input from industry experts and seasoned traders.

Anthony Cuthbertson1 September 2021 09:48

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