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NEM launched a new proof-of-stake platform, Chiliz (CHZ) is gaining momentum

NEM launched a new proof-of-stake platform, Chiliz (CHZ) is gaining momentum

Hello everyone, this is our weekly crypto digest. Here you’ll find everything from a weekly market summary and top news to the hottest new listings on exchanges, and even memes to cheer you up. To get these updates as soon as we post them, follow us on Twitter.

Weekly Market Summary

The NEM team launched a new business-enterprise project Symbol.

Symbol is a proof-of-stake blockchain with its own token (XYM). NEM Group is marketing its blockchain as an enterprise blockchain solution for fintech, supply chain and everything in between. On Symbol’s public blockchain, PoS validators can stake a supernode with their XYM or tokens in another supernode’s pool.

NEM is also generally focused on making Symbol “the platform for tokens out in the space,”, the team’s focus with Symbol will be trying to bridge the public-private blockchain gap.

So, over the past two-and-a-half weeks CHZ  tokens bring serious returns to those who bought them in February or earlier. Blockchain-based sports platform Chiliz (CHZ) is leading a boom in  the altcoin world, which is putting Bitcoin (BTC) and Ether (ETH) to shame.

CHZ was consolidating on March 17 after month-to-date gains topping at the  1,600% mark. 

With altcoins firmly back in the spotlight while  Bitcoin is nearing all-time highs, the anticipation is building up: will the coming months produce an “altseason” like no other?

Quick weekly news:

  • Alchemix raises $3.1M to build DeFi lending backed by future income: Read more here.

  • Coinbase valuation soars to $68 billion ahead of highly anticipated crypto listing: Read more here.

  • NFTs Can Bring the Real World On-Chain: Read more here.

  • Irish crypto firms will impose Anti Money Laundering ID checks from April: Read more here.

Other notable events include:

- Morgan Stanley will offer access to Bitcoin

- MetaMask Swaps has some updates

Morgan Stanley

The bank Morgan Stanely will allow certain clients access to Bitcoin funds. There are three funds on offer: two from billionaire Mike Novogratz’s crypto firm, Galaxy Digital, and a third that’s a joint effort from NYDIG and FS Investments.

The minimum investments for Galaxy Bitcoin Fund LP and Galaxy Institutional Bitcoin Fund LP are $25,000 and $5 million, respectively, and the minimum for the FS NYDIG Select Fund is $25,000—but Morgan Stanley is only allowing access to clients with at least $2 million in the bank.

MetaMask Swaps

MetaMask Swaps, a token exchange service integrated into Ethereum MetaMask wallet, has started working on Android and IOS. 

MetaMask Mobile users can also join the service, which promises “the best price and lowest network fees.” This is achieved by a combination of data from automated and professional market makers as well as individual DEXs.

Top exchange listings

Here are the hottest exchange listings of the last week: 

New Listing on CoinbasePro:

- Cardano (ADA/GBP ADA/EUR ADA/BTC ADA/USD

New Listing on Binance:

- Chiliz (CHZ/GBP CHZ/EUR CHZ/BUSD)

- MyNeighborAlice (ALICE/BTC ALICE/BUSD ALICE/USDT)

- Beefy.Finance (BIFI/BNB BIFI/BUSD)

New Pairs on Binance:

- UNI/EUR AVAX/EUR CHZ/BRL BTT/TRY

New Listing on FTX:

- Loopring (LRC-PERP LRC/USD)

- Penn National Gaming (PENN-0326 PENN-0625 PENN/USD)

- Oxygen (OXY/USDT OXY/USD)

New Pairs on FTX:

- BRZ/USDT BRZ/USD BTC/BRZ

- OXY-PERP

- MAPS-PERP

New Listing on Huobi:

- Enjin Coin (ENJ/USDT ENJ/BTC ENJ/ETH)

New Pairs on Huobi

- ELA/HUSD CRO/HUSD

By the way, our PRO plan includes new Exchange Listing alerts for all 27 exchanges in the app. Become a PRO and receive an instant notification when a new coin is listed on Coinbase Pro, Binance, or your exchange of choice!

 

Coin of the week

Hoge Finance (HOGE) is a new decentralized finance project. 

The basic concept of HOGE is pretty simple. This meme cryptocurrency is based on the ERC-20 protocol and is considered the DeFi version of DOGE. It's like DOGE, but DeFi.

The coin has 1% burn and 1% redistribution. Each time a transaction occurs, 1% of it is burned, that is, minus the total supply. Thus, the shortage of the token is growing, which can directly affect its pricing.

The token deficit is also ensured by distributing 1% between each HOGE holder. That is, every time HOGE is used and distributed among all holders, the supply on the market decreases at the same time.

😋Recent announcements:

Hoge Finance (HOGE) Price Prediction

🔥DYOR:
- Website

- Twitter

 

Gainers and Losers of the day

We have prepared for you top-performing coins of Mar 18.

Basic Attention Token has managed to become the best performing asset among  TOP-100, gaining 28.81% within the last 24 hours.

BUMO was the worst-performing asset among  TOP-100 (again), losing 11.47% within the last 24 hours.

To get up-to-date reports on gainers and losers during the week, follow us on Twitter.

Top crypto meme of the week

😋💰

Top cryptomeme of the week

We hope you found this digest useful and informative! If you want to be the first one to receive new crypto insights and stay up-to-date with the market, follow us on Twitter. Happy trading with the Good Crypto app!

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March 19, 2021

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