Wednesday, June 29, 2022
Decentralized
No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • ICO
  • Market & Analysis
  • Bitcoin
  • Ethereum
  • Litecoin
  • Ripple
  • Dogecoin
No Result
View All Result
Home Ethereum

Ethereum-Based Altcoin Quietly Rallies 122% in Five Days While Bitcoin and ETH Dip

admin by admin
December 29, 2021
in Ethereum
0
Ethereum-Based Altcoin Quietly Rallies 122% in Five Days While Bitcoin and ETH Dip
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter


One under-the-radar altcoin that’s designed to unravel a number of of Ethereum’s greatest challenges is stacking up large features as ETH and Bitcoin (BTC) consolidate into the brand new 12 months.

The layer-2 scaling answer Metis Token (METIS) gives decrease charges and quicker transaction occasions than Ethereum, whereas nonetheless retaining the safety of the main good contract platform.

In line with the venture website,

“Offloading information and execution to a second layer permits Metis to supply a extra scalable and cost-efficient setting for constructing and interacting with Web3 purposes.”

The protocol employs optimistic rollup know-how to attain its purposeful objectives on a layer above the layer-1 blockchain however depends on this underlying layer for each safety and settlements.

METIS, its native token, can be utilized for staking and inner funds, but additionally serves an necessary operate throughout the Metis Digital Machine (MVM) through the creation of a decentralized autonomous firm (DAC).

The venture explains,

“METIS tokens additionally play a job in lowering spam and guarantee belief between builders and customers alike. Customers should stake some quantity of METIS to start out a collaboration with others on the platform, such because the founding of a DAC.

These tokens will probably be returned to the preliminary customers if the collaboration is profitable. Unsuccessful collaborations can result in customers dropping their stake (akin to slashing penalties). Collaborators may also be paid and rewarded in METIS for the contributions.”

The worth of METIS surged 122% from December 22th to the twenty seventh, working its method up from $73.68 to an all-time excessive (ATH) of $164.23.

After some uneven corrective motion took the altcoin as little as $133.42 earlier this week, it’s again up one other 18.3% right this moment and touched a recent ATH of $175.60. It’s now up 134% within the final seven days.

Against this, Ethereum has been buying and selling flat all week and at $3,762 is down 18.8% from its month-to-month excessive of $4,631.

Bitcoin stays beneath $50,000 and is presently priced at $47,648.

Examine Price Action

Do not Miss a Beat – Subscribe to get crypto electronic mail alerts delivered on to your inbox

Comply with us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp
Check Latest News Headlines

 

Disclaimer: Opinions expressed at The Each day Hodl usually are not funding recommendation. Traders ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital belongings. Please be suggested that your transfers and trades are at your personal threat, and any loses you might incur are your duty. The Each day Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital belongings, neither is The Each day Hodl an funding advisor. Please word that The Each day Hodl participates in online marketing.

Featured Picture: Shutterstock/Sergey Nivens/Fotomay

Related articles

Harmony hacker sends stolen funds to Tornado Cash mixer

Harmony hacker sends stolen funds to Tornado Cash mixer

June 29, 2022
Coin Bureau Reveals Current Crypto Portfolio and Top Three Ethereum Killers

Coin Bureau Reveals Current Crypto Portfolio and Top Three Ethereum Killers

June 29, 2022





Source link

Tags: AltcoinBitcoindaysdipETHEthereumBasedQuietlyrallies
Share76Tweet47

Related Posts

Harmony hacker sends stolen funds to Tornado Cash mixer

Harmony hacker sends stolen funds to Tornado Cash mixer

by admin
June 29, 2022
0

The funds from Concord’s Horizon Bridge have begun to maneuver into the Twister Money Ethererum mixer, signaling that the...

Coin Bureau Reveals Current Crypto Portfolio and Top Three Ethereum Killers

Coin Bureau Reveals Current Crypto Portfolio and Top Three Ethereum Killers

by admin
June 29, 2022
0

The pseudonymous host of Coin Bureau is revealing the present contents of his crypto portfolio. In a brand new...

Must staking and liquidity pool lock-ups change to see crypto mass adoption?

Must staking and liquidity pool lock-ups change to see crypto mass adoption?

by admin
June 28, 2022
0

The latest downturn within the broader crypto panorama has highlighted a number of flaws inherent with proof-of-stake (PoS) networks...

What does the Gray Glacier upgrade mean for the Ethereum Merge?

What does the Gray Glacier upgrade mean for the Ethereum Merge?

by admin
June 28, 2022
0

MThe Ethereum community is scheduled to endure the Grey Glacier improve at a block top of 15,050,000 — anticipated...

Community reacts after SEC’s Gensler affirms BTC’s commodity status

Community reacts after SEC’s Gensler affirms BTC’s commodity status

by admin
June 28, 2022
0

Securities and Change Fee Chairman Gary Gensler riled up Crypto Twitter on Monday after affirming that Bitcoin (BTC) is...

Load More
  • Trending
  • Comments
  • Latest
BYD Ocean-X Concept creates ripples at the Munich show

BYD Ocean-X Concept creates ripples at the Munich show

September 9, 2021
Akt.io Introduces AKTIO Coin ICO in Ireland

Akt.io Introduces AKTIO Coin ICO in Ireland

October 15, 2021
HGTV’s Urban Oasis home in Indianapolis captures Broad Ripple’s vibe

HGTV’s Urban Oasis home in Indianapolis captures Broad Ripple’s vibe

October 8, 2021
NFTs allow people to ‘interact with crypto in a hands-on way’ — Shaq

NFTs allow people to ‘interact with crypto in a hands-on way’ — Shaq

October 15, 2021
Harmony hacker sends stolen funds to Tornado Cash mixer

Harmony hacker sends stolen funds to Tornado Cash mixer

0
Sell or hodl? How to prepare for the end of the bull run, Part 2 – Cointelegraph Magazine

Sell or hodl? How to prepare for the end of the bull run, Part 2 – Cointelegraph Magazine

0
BYD Ocean-X Concept creates ripples at the Munich show

BYD Ocean-X Concept creates ripples at the Munich show

0
India to Take Distinctive Approach Toward Cryptocurrencies, Not Like the US or El Salvador

India to Take Distinctive Approach Toward Cryptocurrencies, Not Like the US or El Salvador

0
Harmony hacker sends stolen funds to Tornado Cash mixer

Harmony hacker sends stolen funds to Tornado Cash mixer

June 29, 2022
ICYMI – Another Cryptocurrency exchange teeters

ICYMI – Another Cryptocurrency exchange teeters

June 29, 2022
Electronic Currency Market Investment Analysis

Electronic Currency Market Investment Analysis

June 29, 2022
Cryptocurrency Crash: Crypto crash leads to firesale of hardware

Cryptocurrency Crash: Crypto crash leads to firesale of hardware

June 29, 2022

Recent News

Harmony hacker sends stolen funds to Tornado Cash mixer

Harmony hacker sends stolen funds to Tornado Cash mixer

June 29, 2022
ICYMI – Another Cryptocurrency exchange teeters

ICYMI – Another Cryptocurrency exchange teeters

June 29, 2022
Electronic Currency Market Investment Analysis

Electronic Currency Market Investment Analysis

June 29, 2022

Categories

  • Bitcoin
  • Blockchain
  • Cryptocurrency
  • Dogecoin
  • Ethereum
  • ICO
  • Litecoin
  • Market & Analysis
  • Ripple

Follow Us

Tags

analysis Bitcoin Blockchain BTC buy Cardano Coin Cointelegraph crypto Cryptocurrencies Cryptocurrency DeFi Digital DOGE Dogecoin Effect ETH Ethereum Heres Inu Investors latest launches Litecoin LTC Market markets metaverse Million Mining News NFT NFTs Price Prices Ripple ripples SEC Shiba Solana today token Top trading XRP
No Result
View All Result
  • Home
  • Cryptocurrency
  • Blockchain
  • ICO
  • Market & Analysis
  • Bitcoin
  • Ethereum
  • Litecoin
  • Ripple
  • Dogecoin

© 2021 DECENTRALIZED UPDATE All Rights Reserved