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Solana (SOL) hits new highs as DApps, DeFi and stablecoins join the network

Solana price is pushing toward new highs as an increasing number of DApps, DeFi projects and stablecoins build platforms on the network. The arrival of institutional investors and the rise of decentralized finance (DeFi) has been an incredible boon for the entire cryptocurrency sector but it has also highlighted a number of persistent limitations that many blockchain networks encounter when faced with surges in activity and the need to scale.   High fees and slower transaction times on the Ethereum (ETH) network have left the door open for new layer-1 solutions to emerge, and Solana (SOL) is one such project that…

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Syntropy (NOIA) price rallies 65% after announcing SpaceX partnership

Syntrophy price lifted off after the satellite internet-focused project announced a partnership with Elon Musk's SpaceX. In the frenzy of a bull market where new projects are popping up daily and social media users scour their feeds to try and catch the next moon coin before it pumps and dumps, it can be a challenge to find projects with long term viability that also have significant upside potential.  One token that has undergone several significant price breakouts in 2021 is Syntropy (NOIA), a project focused on transforming the public internet into a secure, user-focused platform with built-in encryption and other…

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Atomic swaps and network upgrades send Monero (XMR) price to a 3-year high

Monero's price is closing in on its 2017 all-time high as network upgrades, atomic swaps and real-world integrations catch the attention of retail and institutional investors. As the 2021 bull market cycle unfolds with decentralized finance and nonfungible tokens, or NFTs, being two of the biggest driving forces for growth, old-school cryptocurrency projects have quietly been climbing higher as their established track records begin to attract traders who value a longer history of success. One such project that has been gaining traction in recent weeks is Monero (XMR), a privacy-focused project that recently celebrated its seven-year anniversary and is now looking…

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Venus (XVS) price aims for $100 amid rising TVL and surge in DeFi users

The total value locked in Venus soared to a record $11.1 billion as DeFi users flock to the platform in search of attractive yields. Binance Smart Chain (BSC) has rapidly risen to prominence in 2021 as high transaction costs and congestion on the Ethereum (ETH) network led smaller-size investors to search for cheaper alternatives. One of the top choices to earn a yield on the BSC is Venus (XVS), an algorithmic money market and synthetic stablecoin protocol that provides a lending and borrowing solution for the decentralized finance (DeFi) ecosystem. XVS/USDT daily chart. Source: TradingViewData from Cointelegraph Markets and TradingView…

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Protocol upgrades and Google Cloud integration lift EOS price 245% in 2021

EOS price hit its highest level since 2018 after protocol upgrades and big-name collaborations attract institutional investors. On April 16 EOS price soared to a new high at $8.49 and the current market structure for the altcoin suggests there is room for further upside. EOS initially made headlines during the ICO craze of 2018 when its parent company Block.one raised a record $4 billion in funding to create the EOSIO software and in the past three months, the altcoin has nearly tripled in value.  Data from Cointelegraph Markets and TradingView shows that since trading at a low of $2.43 on…

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What the forks? Bitcoin Cash and Ethereum Classic see triple-digit rallies

Following Dogecoin’s lead, Ethereum Classic rallied to a new all-time high and Bitcoin Cash price doubled as altcoin forks start to gain traction. It’s undeniable that Bitcoin (BTC) and Ethereum (ETH) are currently the two most dominant cryptocurrencies and as a result they receive the most of the attention from the mainstream media, institutional investors, and retail investors, but this doesn't mean that the sector leaders are not occasionally challenged by competitor networks. Two forked projects that once sought to challenge Bitcoin and Ethereum for their seats at the top are Bitcoin Cash (BCH) and Ethereum Classic (ETC). In the…

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Rising DeFi TVL and Binance staking back 88% rally in IOST price

IOST rallied to a multi-year high after Binance announced a new staking program and the project airdropped tokens to Citadel One mobile wallet users. While the past year has been marked by the rise of decentralized finance, centralized entities like Coinbase and Binance continue to be some of the most important players in the industry as a whole as they are essential in attracting attention to promising projects and pave the way for wider adoption.  One protocol that has benefitted from the ‘Binance bump’ over the past week is IOST, a fully-fledged decentralized blockchain ecosystem that utilizes a unique proof-of-believability…

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3 reasons why Elrond (EGLD) price soared above $245

Elrond price rallied to a record high as the project's pivot toward NFTs and DeFi attracts new users and investors. As mainstream cryptocurrency adoption increases and more users start transacting on blockchain networks, the need for fast, scalable protocols becomes even more apparent as transaction costs and confirmation times continue to increase.  One protocol that has seen significant gains over the past month as new individuals and organizations continue to flood into blockchain is Elrond (EGLD), “a highly scalable, fast and secure blockchain platform for distributed apps, enterprise use cases and the new internet economy.” EGLD/USDT 4-hour chart. Source: TradingViewData…

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Dogecoin (DOGE) hits a new ATH as Bitcoin bulls try to flip $63K to support

Dogecoin rallied to a new all-time high as mainstream interest in cryptocurrency grows and the total crypto market capitalization tops $2.19 trillion. The price of Dogecoin (DOGE) experienced a strong 36% rally on April 13 and established a new all-time high at $0.0961. While the exact reason for the rally is unknown, the crypto market's most popular meme coin now finds itself on the shortlist of cryptocurrencies being considered as a payment option in today's post-pandemic business reopenings.  Data from Cointelegraph Markets and TradingView shows that DOGE rose 36% from a low of $0.07 in the early hours on April…

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Enterprise blockchain solutions rally as businesses get hip to crypto

XRP, Stellar and XinFin see tremendous growth as enterprise solutions that offer cross-border solutions and serve the unbanked gain traction. The mainstream adoption of blockchain technology continues to pick up steam as stories like Microstrategy using Bitcoin (BTC) to pay bonuses for its board of directors and Topps announcing plans to release nonfungible token collectible trading cards make headlines on a almost daily basis.  As more companies and organizations explore what the integration of blockchain technology can do for them, tokens that offer enterprise solutions and provide simple ways for interested parties to explore and use distributed ledger technology have seen triple-digit…

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Solana (SOL) price rises as airdrops attract new users to the network

Solana price has rallied more than 50% this month as new projects conduct airdrops on SOL blockchain and high Ethereum fees push investors to seek cheaper alternatives. Over the past six months blockchain projects that have issued token airdrops have re-emerged. Most notably, the airdrops by Uniswap (UNI) and MEME will be remembered as recipients were rewarded with gains ranging from $20,000 to $600,000 simply for holding the tokens. One Ethereum (ETH) competitor that has seen numerous projects launch with airdrops in the past three weeks is Solana (SOL), an open-source project that focuses on utilizing blockchain technology to provide decentralized…

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Enterprise-level partnerships send VeChain (VET) price to new highs

Real-world use cases and enterprise-level partnerships are just a few factors behind VeChain’s recent breakout to a new all-time high. Real-world partnerships and integrations into thriving industries are some of the best forms of validation for blockchain projects that are seeking long-term sustainability and widespread adoption. They also have the ability to spark rallies that trigger long-term price appreciation as brand awareness spreads.  Since February enterprise-level adoption and a wide array of use cases have worked in favor of VeChain (VET), a blockchain-powered supply chain platform that seeks to use distributed governance and Internet of Things (IoT) technology to optimize…

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SingularityNET (AGI) rallies 1,000% as industries aim to merge AI with blockchain

The price of SingularityNET's AGI token has been on the move as DeFi capabilities, cross-chain integrations and layer-two functionality drive demand higher. The internet has reshaped society over the past 40 years, and experts are predicting that digital technologies and artificial intelligence will continue to transform how humans interact with data for the foreseeable future. One AI-focused cryptocurrency project that has seen tremendous growth since the beginning of 2021 is SingularityNET and its talented humanoid robot named Sophia. AI developers can utilize the SingularityNET platform to create, share and monetize their services through its AI marketplace, which allows users to…

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NFT gaming and a tsunami of trading volume lift Waves to a new all-time high

Waves price swelled to a new all-time high as NFT airdrops and exchange listings attracted new users to the project’s growing ecosystem. Nonfungible tokens (NFT) have handsomely rewarded early investors over the past few months, especially as they gained mainstream attention thanks to record-breaking digital art sales and well-known influencers like Paris Hilton throwing their support behind the sector.  April has seen the hype behind NFTs quiet down some, but the recent growth in Waves (WAVES) shows that there is still plenty of excitement remaining in the cryptocurrency community for newly released NFT projects. WAVES/USDT 4-hour chart. Source: TradingViewData from…

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Return of the oracles: Band Protocol, API3 and DIA price soar to new highs

Oracle tokens gain traction as cross-chain interoperability and new developments in the DeFi sector lure investors away from Bitcoin and NFTs. Nonfungible tokens (NFTs) have been the talk of the town over the past few months, but as the start of the second quarter gets underway for the global financial markets, it possible that traders may start looking for opportunities in other parts of the crypto market. Oracle projects are one sub-sector that has been making moves over the past few weeks as some traders shift their focus away from NFTs. BAND/USDT vs. API3/USDT vs. DIA/USDT 1-day chart. Source: TradingViewAs…

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Nervos Network (CKB) gains 341% as DeFi and layer-2 development progress

Nervos Network rallied 341% in a month as plans to launch a DeFi platform and new layer-2 offerings bear fruit. The crypto market continues to search for scaling solutions as decentralized finance (DeFi) applications struggle with surging fees, but some alternative solutions are piquing investors' interest.  For example, Nervos Network has enticed investors' appetites with a 341% rally in a month. The project also carries the Chinese government's stamp of approval, further increasing the odds for this project's future relevance. Nervos Network is a blockchain project based in China that supports layer-two scaling solutions. Since its inception, the project has…

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Focus on NFTs and interoperability pushes Icon (ICX), Ark and Axie Infinity higher

Projects focused on NFTs and cross-chain transactions continue to undergo explosive rallies as investors sharpen their focus on the sector. High levels of excitement continue to surround all things NFT-related as nonfungible art, collectibles and new business models built on the nascent sector attract a diverse array of investors.  In addition to the development of lucrative secondary markets for NFT listings and sales, crypto projects that are focused on NFTs, DeFi and cross-chain interoperability have also seen their native tokens rally significantly. Three projects that fit in this category are Axie Infinity (AXS), Icon (ICX) and Ark (ARK). AXS/USDT Axie…

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Flamingo (FLM) TVL rises as Ethereum gas solutions remain elusive

Flamingo’s total value locked continues to rise as DeFi investors are attracted to the platform's zero-fee transactions and high-yield liquidity pools. Yield farming has grown in popularity over the past year alongside the rise of decentralized finance, but recently the ability to earn a good return has been limited by the high transaction costs on the Ethereum (ETH) network.  As a result, yield farmers have begun exploring options outside the Ethereum network for more accessible opportunities in a low fee environment. One option that has shown steady growth in liquidity since launching is Flamingo Finance (FLM), a DeFi platform based…

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3 reasons why Enjin (ENJ) price has rallied 800% over the last month

New partnerships, the growing popularity of NFT art and the upcoming launch of JumpNet are just a few reasons why Enjin has rallied more than 800%. Nonfungible tokens (NFTs) have taken the world by storm as stories of record-breaking digital art sales now regularly appear on mainstream news outlets and popular culture.  One project that has been well-positioned for years to capitalize on this growing trend is Enjin Coin (ENJ), whose co-founder Witek Radomski was also involved in the development of the ERC-1155 token standard, which enabled the creation of NFTs on the Ethereum (ETH) network. Data from Cointelegraph Markets…

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WINk (WIN) soars as retail DeFi investors flee high Etheruem gas costs

WINk’s low-cost yield farming offerings are attracting retail DeFi investors who have been priced out of Uniswap due to high Ethereum gas costs. Decentralized finance has exploded in popularity over the past year and many analysts have pointed to the 2020 'summer of DeFi' as the primary catalyst for the rallies seen in Ether (ETH)  and Bitcoin (BTC).  In the beginning, investors were able to easily secure 4-digit annual percentage yield (APY) on an almost endless number of attractively priced assets on Uniswap but the increased activity on the Etheruem network eventually led to unsustainable spikes in gas fees and serious…

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