During the week from February 28 to March 6, 2021, the market shows a slight recovery. After the general decline that occurred last week. More than 70% of altcoins show a slight uptrend, with advances approaching 40%, according to Live Coin Watch statistics.
The most appreciated cryptocurrencies in these seven days are led by NEM (XEM), integrated into Moonpay’s global payment solution. They follow him IOTA (MIOTA), with the activation of the alpha phase of a protocol for smart contracts; Y Tezos (XTZ) which is now supported by computer engine vendor Wolfram Alpha.
The list of crypto assets for the week is completed with Storj (STORJ), which integrated the ZK-Rollup solution to reduce commission payments on the Ethereum network; Y Tron (TRX) which initiates a program for the development of DeFi products.
In these seven days, the price of Bitcoin shows increases again, once again exceeding the range of $ 50,000 after having reached a minimum of USD 43,450 in previous days. On average the recovery is 0.2% in seven days.
The pioneering cryptocurrency showed its highest growth on March 3, when it reached a peak of $ 52,331. The advance came amid continuous institutional investments. The rise also coincided with the support received by the request for approval from the bitcoin exchange-traded fund (ETF). filed by Van Eck with the United States Securities and Exchange Commission (SEC).
Ether (ETH) also recovers and rises in price. It registers an average rise of 4.3%, moving between USD 1,325 and USD 1,645 in these seven days.
This week, Amazon Web Service (AWS) announced that from its blockchain network management tool, Amazon Manager Blockchain, it is possible to access Ethereum nodes. This new facility will allow AWS customers to provision nodes on the network, allowing them to connect to the main network and the Rinkeby and Ropsten test networks.
Meanwhile, other relevant cryptocurrencies on the market they register ups and downs. Litecoin (LTC), rose 1.4%; and Ripple’s XRP gained around 3.5%. At the same time Polkadot (DOT) lost 6.7%; and Cardano (ADA) fell 20.9%.
Payment solution Moonpay integrates XEM to its platform
In a message on their Twitter account on March 3, the NEM team reported that Moonpay, a solution for global payments with cryptocurrencies, integrated the cryptocurrency XEM into its system. The announcement coincided with the rise of this altcoin, which that same day peaked at $ 0.86. The weekly average value approached 40%.
With this integration, XEM joins a list of more than 80 cryptocurrencies used on the Moonpay platform, as read on its website. The payment system operates in more than 180 countries.
The price of XEM has been on the rise since last week in the framework of the preparations for the activation of your new Symbol network. The registration period for the exchange of XEM for Symbol’s XYM token closes this March 12.
On the eve of this release, scheduled for March 15, a competition of exchanges is carried out through which they will deliver about 500 thousand dollars to users who operate with XEM.
After reaching its peak for the week on March 3, the price of XEM has been falling in recent days. The market capitalization is USD 6,688 million and the daily trade volume is USD 612 million, at the time of writing.
The value of XEM has been increasing since February, when it was part of the monthly top of CriptoNoticias. Source: Live Coin Watch.
IOTA activates alpha phase of protocol for smart contracts
The IOTA Foundation activated the alpha phase of the IOTA Smart Contract Protocol (ISCP). The information was released on March 4 in an official blog post.
The price of the network’s cryptocurrency, MIOTA rose rapidly days after this announcement, with a weekly advance that exceeded 14%. The cryptocurrency ranged from a low of $ 1.04 on February 28, to a high of $ 0.42 on March 5.
As noted in the post, with the new Smart Contract…