CRYPTO NEWS: Latest BITCOIN News, DOGE News, DEFI News, SOLANA News
In early 2023, the cryptocurrency industry has been characterized by unexpected price pumps and mounting regulatory pressure, yet it’s been a fairly quiet time for the decentralized finance (DeFi) sector.
DeFi, which usually suffers from a near-constant barrage of hacks, scams, and rug pulls, has flown largely under the radar while the likes of Binance and Kraken have faced off repeatedly with the SEC.
Centralized crypto platforms are feeling the heat from regulators who seem keen to appear tough after last year’s spectacular downfalls of Celsius, FTX, and its disgraced former-CEO Sam Bankman-Fried.
However, just because things in that particular part of the cryptosphere appear quieter, doesn’t mean that DeFi hasn’t had its fair share of drama.
CoinMarketCap data reveals that top Solana ecosystem tokens have put out the best performance in the last 24 hours. The data reveals that the Solana ecosystem tokens have surged by 303% in the last 24 hours.
Some of the top tokens in the Solana ecosystem by market cap are Tether, Solana, Chainlink, The Graph, Render Token, etc. However, the major price gain in the Solana ecosystem has been exhibited by the Solana token itself. SOL is up by 12.17% in the last 24 hours. It is trading at $26.46 at press time.
Solana has also risen by 29% in the last seven days. Incredibly, the market cap of SOL is also up by 12.18% alongside the 24-hour trading volume, which spiked by 363.4% according to CoinMarketCap data.
The major reason for this pump is the latest migration news from Helium. Helium Network, a communications protocol, has scheduled its migration to the Solana blockchain and the implementation of oracles for March 27. The move is aimed at enhancing scalability and dependability.
Flagged as the “Ethereum-killer,” Solana has depicted double-digit gains in terms of price, and there has also been an increase in the trading volumes of Solana-based NFTs.
DOGE has followed the drop of most other coins, declining by 2.15%.
What is the Metaverse?
Metaverse is a virtual world where people can interact with each other in 3D. You can travel, play games, share documents, and even shop without leaving your home.
A lot of people don’t know what it is, so here is some information about this amazing new technology.
Meta Verse is a decentralized open platform of smart properties and digital identities based on public blockchain technology. It provides the infrastructure to build a peer-to-peer network of virtual realities where you can live and interact with others, and it also allows people to register and manage their digital identity in a secure way.
NFT is a type of game currency that will be used in the metaverse. Each NFT has a pre-defined value and can be traded in a marketplace. It can also be earned by completing tasks in games.
This type of currency is useful for gamers because it gives them the ability to customize their character’s appearance and abilities. This will make the gaming experience more realistic and it will feel much more like a real life situation.
Zuckerberg is launching a new social platform called the “metaverse” that will be focused on bringing people together in virtual worlds to have full lives. This will help the company attract more users and increase engagement among existing ones, while also cutting its reliance on advertising revenue.
It will take some time to get the metaverse right, but it will be worth waiting for. It’s an exciting new technology and will revolutionize the way we live our lives.