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Dogecoin has been at the center of the crypto bull run. While it started just as a meme, or joke rather, DOGE has grown to become one of the top 10 cryptocurrencies. For instance, it has received massive support from Elon Musk through his series of tweets. Like other cryptocurrencies, Dogecoin experienced a remarkable period […]

The post Dogecoin Price Predictions for 2021 appeared first on The Daily Hodl.

2020 and 2021 have seen exceeding traffic on the blockchain, which is a good thing. On the other end lies the aching challenge to solve scalability issues and curb rising transaction fees.  The higher the transactions, the higher the number of blocks blockchain miners have to verify. Incentivizing the miners with a high fee means […]

Overview

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• Total spot trading volume at $3.29 billion, 10% higher than the 30-day average of $2.99 billion.
• Total futures notional at $959.9 million.
• The top five traded coins were, respectively, Bitcoin (+2.1%), Ethereum (+4.0%), Cardano (+3.4%), Tether (0%), and Dogecoin (+4.2%).
• Most coins had positive returns, the strongest were from Algorand (+5.3%).

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May 16, 2021   $3.29B traded across all markets today  Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD
XBT  $47877.  ↑2.1%  $937.8M	ETH  $3801.1  ↑4.0%  $907.8M	ADA  $2.2616  ↑3.4%  $378.6M	USDT  $1.0001  ↓0.03%  $303.9M	XDG  $0.5304  ↑4.2%  $268.3M
XRP  $1.5758  ↑4.8%  $170.6M	DOT  $43.943  ↑0.5%  $103.7M	USDC  $0.9999  ↑0.0%  $63.3M	LTC  $308.63  ↑2.5%  $54.0M	XLM  $0.7149  ↑4.4%  $52.7M
LINK  $42.478  ↑2.1%  $34.9M	BCH  $1215.0  ↑3.5%  $29.5M	KSM  $552.42  ↑0.9%  $20.5M	EOS  $10.575  ↑2.8%  $19.9M	ETC  $98.616  ↑3.4%  $17.8M
SC  $0.0302  ↑3.0%  $15.6M	TRX  $0.1255  ↑3.9%  $14.0M	AAVE  $530.92  ↑2.4%  $11.6M	XTZ  $5.8773  ↑1.4%  $10.4M	NANO  $10.985  ↑2.6%  $10.3M
ATOM  $25.181  ↑2.6%  $10.3M	ALGO  $1.4670  ↑5.3%  $10.2M	XMR  $388.15  ↑1.3%  $9.5M	FIL  $112.06  ↑1.3%  $9.38M	FLOW  $24.779  ↑0.7%  $9.03M
DAI  $1.0005  ↑0.05%  $8.22M	UNI  $37.892  ↑3.3%  $7.8M	ZEC  $278.82  ↑2.6%  $6.15M	OMG  $9.6506  ↑2.8%  $6.08M	YFI  $67532.  ↑0.5%  $5.89M
DASH  $345.63  ↑2.4%  $5.88M	KAVA  $5.3180  ↑2.8%  $4.25M	ICX  $2.1096  ↑4.4%  $3.92M	SNX  $19.817  ↑2.8%  $3.89M	OXT  $0.5637  ↑1.4%  $3.8M
WAVES  $32.062  ↑2.5%  $3.51M	CRV  $3.2670  ↑1.3%  $3.3M	PAXG  $1914.1  ↑1.2%  $3.22M	OCEAN  $1.1424  ↑2.7%  $3.15M	QTUM  $20.196  ↑1.0%  $3.03M
STORJ  $1.6935  ↑4.0%  $3.01M	GRT  $1.3531  ↑2.2%  $2.96M	MANA  $1.2279  ↑1.8%  $2.86M	BAT  $1.1705  ↑3.0%  $2.49M	REPV2  $35.382  ↑3.2%  $2.1M
LSK  $6.5842  ↑0.07%  $2.05M	COMP  $718.08  ↑3.8%  $2.01M	EWT  $14.475  ↑0.06%  $1.73M	BAL  $58.145  ↑2.8%  $1.7M	REP  $38.824  ↓0.03%  $1.57M
KEEP  $0.5042  ↑2.7%  $1.56M	KNC  $2.8835  ↑1.8%  $1.56M	ANT  $7.9107  ↑3.2%  $1.34M	ZRX  $1.5839  ↑1.6%  $1.28M	GNO  $242.46  ↓0.03%  $836K
MLN  $100.37  ↓0.8%  $834K	REN  $0.8031  ↑3.6%  $448K	MKR  $4727.7  ↑2.4%  $315K	TBTC  $50202.  ↑1.7%  $182K

The post Kraken Daily Market Report for May 16 2021 appeared first on Kraken Blog.

The limitations of high transaction fees The efficiency of a typical economic setting prevails once transaction fees are low or nil. Costs of transacting on the blockchain have been rising as a result of more  users that are joining the crypto wagon. Scalability issues, coupled with fees charged on digital asset exchanges, have rimmed down […]

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