Our column dedicated to the analysis of the crypto world continues, today we will take a look at three projects in the spotlight this week: EOS (EOS), Internet Computer (ICP), and Polkadot (DOT).
Summary
Prices and statistics of crypto EOS (EOS), Internet Computer (ICP) and Polkadot (DOT)
Starting from EOS which is currently valued at 0.78 USD with a market capitalization of 866.7 million USD.
The volume of transactions in the last 24 hours amounts to 117.9 million USD, while the circulating supply is 1.1 billion EOS.
The average holding time is 30 days, reflecting a relative stability. The popularity of the cryptocurrency is indicated at the 73rd position, with a historical high of 22.89 USD.
In the last hour, there has been a decrease of 0.46%, but in the last 24 hours and 7 days, the price has increased by 3.31% and 4.95% respectively.
As for ICP, it is currently quoted at 6.46 USD, with a strong market capitalization of 2.9 billion USD.
In the last 24 hours, the transaction volume reached 152.6 million USD, reflecting intense trading activity. The circulating supply amounts to 450.2 million ICP, with an average holding time of 63 days, indicative of a long-term held coin.
The cryptocurrency enjoys significant popularity, as evidenced by its 27th place in the overall ranking. The all-time high for ICP was $750.73 USD.
In the last hour, the price has recorded a decrease of 3.48%, but over the past 24 hours and 7 days, significant positive variations of 13.81% and 34.59% have been observed, respectively.
Lastly DOT currently has a price of 7.31 USD, with a significant market capitalization of 9.2 billion USD. Over the past 24 hours, transaction volume has been high, reaching 456.7 million USD.
The circulating supply of DOT amounts to 1.3 billion, with an average holding time of 105 days, indicating a tendency for long-term token retention.
The cryptocurrency enjoys significant popularity, as evidenced by its 12th place in the overall ranking.
The all-time high of DOT was 55.00 USD. In the last hour, the price has experienced a modest decrease of 0.58%, but over the past 24 hours and 7 days, positive variations of 7.13% and 23.07% have been highlighted, respectively.
EOS collaboration with CoinTR increases the price of the crypto
The EOS Network Foundation has joined forces with CoinTR, signaling a crucial move to elevate Web3 innovation in the Turkish landscape.
Simultaneously, the integration of Celestia with Ethereum’s Layer 2 solutions has resulted in a significant increase in its market valuation. On the scene, VC Spectra (SPCT) is emerging as a formidable competitor destined to challenge industry pillars such as EOS and Celestia.
The strategic collaboration between EOS and CoinTR aims to promote local development and foster global synergy. The effects of this partnership are evident in the commendable surge in the price of EOS in the last week.
In the wake of collaborative efforts, EOS has also recently entered into a significant partnership with PassPay, a Japanese company that holds the exclusive license in Japan for a regulated stablecoin tied to the Japanese yen.
This collaboration highlights the potential role of EOS in the stablecoin sector, particularly for mainstream banking applications.
As the EOS ecosystem expands its reach through strategic alliances with industry leaders like CoinTR and PassPay, the currency positions itself as a strong player in the Web3 arena.
With an eye on both local and global innovation, EOS continues to demonstrate its resilience and adaptability in the ever-evolving landscape of blockchain technology.
The first no-gas Ordinals market goes live on Internet Computer (ICP)
In an innovative move for decentralized finance (DeFi), the Bioniq Ordinals marketplace has been officially launched on Internet Computer (ICP), marking a significant milestone in the evolution of digital asset trading.
What sets Bioniq apart is the fact that it is the first marketplace specifically for Ordinals built on a Bitcoin Layer 2 (L2).
The Ordinals marketplace introduces a new approach to trading, allowing users to bid on any Ordinal, a digital asset denominated in satoshi – the smallest denomination of Bitcoin – thanks to the Taproot upgrade.
Offers are automatically canceled if the user’s wallet balance falls below the offer amount, ensuring a safe and transparent trading environment, free from theft or unethical behavior in the market.
This platform revolutionizes the landscape of decentralized exchanges by leveraging cutting-edge technologies and financial solutions. The ordinals are tied to BTC, offering a unique intersection between the traditional functionalities of Bitcoin and the innovation of decentralized finance.
In order to navigate this pioneering market, users can follow a step-by-step guide to list, bid, purchase, and sell orders.
The Bioniq ordinal market not only introduces a gasless trading experience, but also exemplifies the transformative power of blockchain technology in reshaping the future of digital asset trading.
The Internet Computer, powered by the DFINITY Foundation, further emphasizes this initiative by offering a secure and scalable environment for hosting smart contracts, solidifying its position as a key player in the realm of decentralized systems and services.
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