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Litecoin, Stellar, Tezos Technical Analysis On 6th November 2020

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The crypto-verse was seen enjoying a streak of an uptrend for the past few days. Even though all the coins like Litecoin, Stellar, Chainlink, and others were seen surging, the crypto community had eyes on Bitcoin. BTC had pushed past $15K with a 7.62% rise over the last 24-hours. The global crypto market cap was in sync with the ongoing bull market as it had hit $445.29 billion with a 7.89% daily increase.

Litecoin [LTC]

Litecoin was the star of the latest crypto uptrend as it was surging by 13.84% over the last 24-hours. The altcoin continued trading for $62.58 securing its position as the eighth-largest cryptocurrency with a market cap of $4.11 billion.

Litecoin, Stellar , Tezos

The bulls were going to prolong their stay in the LTC market as the key indicators on the short term price chart of LTC were seen dancing with the bulls. The Parabolic SAR indicator screamed bulls by forming dotted lines below the candlesticks. The Relative Strength Index indicator was seen revealing a strong buyers’ sentiment as it was in the overbought zone.

Stellar [XLM]

Even though XLM is not a part of the top ten cryptocurrencies, XLM didn’t fall short. The altcoin was trading for  $0.08434 with a 14.32% rise over the last 24-hours. XLM was stood as the seventeenth-largest coin with a market cap of $1.762 billion, just below Justin Sun’s cryptocurrency TRX.

Litecoin, Stellar , Tezos

The indicators used in the short term price chart of Stellar were seen conflicting as they revealed contradicting notions. The MACD line took over the signal line and formed a bullish crossover, however, the Klinger OScillator welcomed the bears with the formation of a bearish crossover.

Tezos [XTZ]

With a market cap of $1.54 billion, Tezos found a place in the top twenty. The altcoin was one of the big winners of the latest bull market as it rose by 12.40% over the last 24-hours. The coin was trading for $2.06 at the time of writing.

Litecoin, Stellar , Tezos

XTZ could continue its hot streak as it was all bulls in its market. The Awesome Oscillator indicator formed green closing lines and suggested the presence of bulls. The Chaikin Money Flow indicator cried bulls as the marker was way above zero.

Monero, Polkadot, Cardano Technical Analysis On 5th November 2020

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The crypto-verse has been attracting the bulls into its market and ousting the bears. However, Monero, Polkadot, and Cardano were seen in the red zone. Bitcoin has been spearheading the crypto market by hitting $14K while its dominance surged up to 65.3%. The global crypto market cap was also on an uptrend as it was rising by 5.15% over the last day pushing the total market cap to $415.98 billion.

Monero [XMR]

Monero was climbing up the crypto ladder in terms of market cap as it surged past $2 billion. However, the price of the privacy coin was seen depleting down by 4.74% over the last 24-hours. The altcoin was trading at $112.66 and the coin had endured a week-long loss of more than 8%.

Monero ,Polkadot, Cardano

XMR was seen swimming in troubled waters as the bears had fully taken over the XMR market. The short term price chart of the privacy coin was screaming bears as the Parabolic SAR indicator formed dotted lines above the candlesticks hindering the possibility of an upward breakout. The Relative Strength Index indicator was seen drowning in strong sellers’ sentiment.

Polkadot [DOT]

DOT retained its position in the top ten as its market cap was a little over $3 billion. The fairly new coin was seen on the greener side with its price at $4.05 with a 2.84% rise over the last 24-hours. DOT had also fallen prey to the bear invasion over the last seven days as the altcoin dipped by 5%.

Monero ,Polkadot, Cardano

A bearish notion was overhauling the entire crypto market. The DOT short term price chart accommodated the bears. The MACD line was seen lounging below the signal line following a formation of a bearish crossover. The Klinger Oscillator also acknowledged bears in the DOT market with a formation of a bearish crossover.

Cardano [ADA]

ADA was seen steering away from the bulls as it was getting cozy with the bears. The coin dropped down by 4.96% over the last seven days. However, the coin recorded a dainty dip over the last 24-hours. At the time of writing, ADA was trading at $0.092730.

Monero ,Polkadot, Cardano

The Chaikin Money Flow [CMF] indicator was taking the side of the bears as the CMF marker was reposing below zero. The Awesome Oscillator indicator also suggested the presence of bears after the formation of red closing bars.

Binance Adds Andre Cronje’s New DeFi Token To Innovation Zone

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Binance, the world’s leading cryptocurrency exchange, has announced that the platform is all set to list Andre Cronje’s latest decentralized finance [DeFi] project Keep3rV1 ‘s native utility token, [KP3R] in the Innovation Zone and open trading for KP3R / BNB and KP3R / BUSD trading pairs.

Keep3r Network is an Ethereum-based project which is designed to provide a market for DevOps jobs. TWJ had previously reported that its native token skyrocketed in less than a day after its launch on the 28th of October.

However, the current price of the asset has reduced by more than 50% since the peak. The initial hype around the coin could be attributed to its association with DeFi darling, Yearn Finance, and its Creator, Andre Cronje. As the hype faded, KP3R’s value also noted a significant decline over time and was currently being traded at $155.56, according to CoinGecko.

As per the data provider, more than $36 million in volume has been traded in the past 24-hours, whereas historical data suggested the volume noted on the 28th of October was nearly $290 million. Its market cap has, on the other hand, was found to be $30.89 million, at the time of writing.

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Binance Innovation Zone

The Innovation Zone is essentially a “dedicated trading zone” that enables users to trade newer token offerings from their Binance account, simultaneously protecting less suited users from being exposed to the “risk” that comes with trading them. It was created in response to the growing calls from the community with regards to the platform’s token listing rules.

The exchange’s CEO, CZ had previously revealed that while listing popular projects is required to keep the exchange competitive, what is hard, however, is to avoid scams/bad projects. And doing both at the same time isn’t always easy, especially with the fast-moving DeFi space.

With this dedicated trading zone, Binance intended to offer its users a ‘safer space” for accessing newer and popular tokens that will likely have higher volatility than others. In this way, the exchange will be able to prevent more “untoward scenarios” for its users who just want to access certain projects.

Binance Onboard With Upcoming Bitcoin Cash Hard Fork

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The Bitcoin Cash [BCH] community has been anticipating the arrival of a hard fork. As the community gears up for this split, Binance and several other prominent cryptocurrency exchanges in the market have been gearing up for the same. With days left for the hard fork, the BCH coin seems to be stumbling down the crypto ladder.

Binance Gears Up For Bitcoin Cash Hard Fork

The Bitcoin Cash team seems to have decided that the blockchain was longing for a split. The imminent split is the brainchild of a proposal put forth by Amaury Sechet which emphasized on sharing the 8% mining fee. Since Roger Ver along with several others did not like this proposal, the community headed for a hard fork. The hard fork is a split between two of Bitcoin Cash’s major clients, Bitcoin Cash ABC and Bitcoin Cash Node.

The Bitcoin Cash blockchain is scheduled for a hard fork on 15 November 2020 after which BCH will cleave into BCHA and BCHN. This imminent hard fork would give birth to a new token.

In light of this upcoming hard fork, Malta-based cryptocurrency exchange Binance extended its support to the Bitcoin Cash blockchain. In its latest blog post, Binance announced that it would put a hold on the deposits and withdrawals of the BCH from 10:00 AM [UTC] on 15 November 2020. Other features like margin trading as well as futures trading would also be impacted by this hard fork. However, spot trading of BCH would remain unfettered during the split, Binance suggested.

Furthermore, the creation of a new coin is still uncertain. Therefore, the exchange proposed a plan in case of the creation of a new coin. The post read,

“The fork results in two competing chains. Binance will credit users with BCH from the chain with the most work done. We will then also credit users with the coin from the minority chain at a ratio of 1:1 based on the snapshot of BCH balances at 2020/11/15 12:00 PM (UTC) as stated above.”

However, the exchange would continue functioning the same if there is no sign of a new coin.

Several other crypto exchanges including OKEx have extended their support to Bitcoin Cash as it gears up for a hard fork.

BCH Preps For Hard Fork

The altcoin seemed to be in sync with the ongoing market trend as it was depleting by 6.67%. Bitcoin Cash at the time of writing was trading for $241.51. The coin has been standing still as the fifth-largest cryptocurrency for the longest time now. BCH’s market cap was noted a little over $4 billion.

Binance BCH

The last seven days were rather tough for the coin as it dropped by over 7.67% over the past week. However, today’s slump seems to have caused the most damage to the coin.

Reserve Bank of Australia Aims To Complete Central Bank Digital Currency Project By End Of 2020

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The world is slowly but steadily moving closer to the numerous Central Bank Digital Currency [CBDC] roll-outs.

The Reserve Bank of Australia [RBA] has announced that it is partnering with the Commonwealth Bank, National Australia Bank, Perpetual and ConsenSys Software, a blockchain technology company, on a project to explore the potential use and implications of the wholesale form of the Central Bank Digital Currency [CBDC] using distributed ledger technology [DLT].

According to the official announcement, this collaborative project is essentially part of the ongoing research on “wholesale” CBDC at the Australian financial institution. The RBA also noted that the project will involve the development of a Proof-of-Concept [PoC] for the issuance of a tokenized form of CBDC which can be used by the wholesale market participants for the purpose of funding, settlement, and repayment of a tokenized syndicated loan to the Ethereum-based DLT platform.

The PoC will be leveraged to explore the implications of ‘atomic’ delivery-versus-payment settlement on a DLT platform as well as other potential programmability and automation features of tokenized CBDC and financial assets, the official release noted.

Following the latest development, RBA’s Assistant Governor [Financial System] Michele Bullock asserted,

“With this project we are aiming to explore the implications of a CBDC for efficiency, risk management and innovation in wholesale financial market transactions. While the case for the use of a CBDC in these markets remains an open question, we are pleased to be collaborating with industry partners to explore if there is a future role for a wholesale CBDC in the Australian payments system”

Notably, RBA further revealed that the CBDC project is expected to be completed around the end of this year, and the parties aim to publish a report on it and its main findings during the first half of 2021.

Central Bank Digital Currency [CBDC] in Australia

Different forms of Money

This news comes around two weeks later the Reserve Bank of Australia revealed research on a potential wholesale CBDC right after its comments stating that there was no need for one. The RBA was highly skeptical and was not convinced of a strong policy case for issuing a CBDC around mid-September.

Tony Richards, Head of Payments Policy at the RBA, had previously asserted,

“We will be continuing to consider the case for a CBDC, including how it might be designed, the potential benefits and policy implications, and the conditions in which significant demand for a CBDC might emerge.”

CBDC Worldwide

Australia’s latest dive to CBDC comes at a time when central banks all across the globe were looking at CBDCs and to explore the need to create and issue a tokenized version of their respective national currencies. China is perhaps the furthest along, while other nations were still in the early stages of determining whether a CBDC is even desirable.

More recently, the Bahamas, which happens to be an island nation in the West Indies, officially launched a new central bank digital currency, the so-called Sand Dollar on the 20th of October. With this, the country of 393,000 people became the first to make CBDC available to all residents.

PrimeXBT Research: Why PayPal Support Could Make Litecoin Shine Again

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Litecoin is often considered the silver to Bitcoin as digital gold and is one of the earliest and, therefore, most decentralized cryptocurrencies. However, since 2017 when Litecoin reached its all-time high peak alongside Bitcoin, the altcoin has lost its luster.

A short-lived glimmer of positivity around the asset’s halving causes prices to climb, but again, Bitcoin left it behind. Fast forward to now, and Litecoin is suddenly sparkling again, following news that it would be one of four cryptocurrencies supported by PayPal in a recent announcement.

Of the four assets, Litecoin surged the highest – more than 20% – on the news, but why? And is it enough to keep the digital version of silver shining once again? PrimeXBT’s lead analyst Kim Chua explains the key reasons why PayPal’s support could bring new growth to the long-stagnant cryptocurrency.

PayPal Puts The Spotlight On Litecoin, Supports Crypto As A Whole

Payments giant PayPal has revealed Litecoin as one of four cryptocurrencies that it will soon offer its 346 million customers and eventually support payments at PayPal’s over 26 million merchants worldwide.

Out of the four cryptocurrencies that users in the USA will soon be able to buy – Bitcoin, Ethereum, Bitcoin Cash, and Litecoin – Litecoin rallied the hardest following the news. Gains have thus far sustained, and the altcoin could soon be targeting higher if momentum can sustain also, Chua says. Her analysis includes targets of $85 if resistance at $70 can be broken. But she also expects Litecoin to outperform the rest of the pack.

Throughout 2020, Ethereum was the best performer out of the four, driven by the DeFi frenzy that came to a climax over the summer months. Bitcoin is currently the best-performing mainstream asset, beating out gold trading, stocks, and just about anything else.

While Bitcoin Cash has its own set of controversies, the damage done to Litecoin sentiment when founder Charlie Lee sold his stake in the project at the peak in 2017. Lee famously sold the top of the crypto bull market while simultaneously predicting a chance of the altcoin going to $20. It fell to that price at the bear market bottom, crushing investors and believers in the project’s hopes of a recovery.

Tarnished Digital Silver: Litecoin’s Similiaries With Bitcoin Are Gold

The multi-year decline has left Litecoin with little interest aside from acting as a testbed for second-layer Bitcoin technology. But this isn’t all a bad thing. Because Litecoin’s technology is nearly on par with Bitcoin’s and due to the similarities alone, it proves Litecoin is a robust and secure network. Litecoin also shares similar economics and the same block reward halving mechanism taking place approximately every four years.

Where things begin to differ is in the asset’s total supply. There are four LTC for every BTC, with 84 million compared to just 21 million. The current circulating supply of BTC is around 18.6 million, with a market capitalization of $240 billion, while LTC’s supply is about 66 million and $3.7 billion in cap.

Because the supplies and market cap are not proportionate with one another, the current price per BTC is $13,000, while each LTC is priced at roughly $58. The low cost relative to Bitcoin, Ethereum, and Bitcoin Cash, is yet another reason why investor interest dimmed on Litecoin over the years.

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Sinking Social Sentiment Turn Off The Lights On LTC, PayPal Turns It Back On

Due to the cryptocurrency market’s speculative nature, the buzz in the community and hype on social media is essential to luring in investor capital for all of the reasons mentioned above, including low price, founder issues, and negative sentiment, it has led to Litecoin lagging behind the rest of the market.

But that all could change now that Litecoin is on the list of cryptocurrencies supported by PayPal and has the furthest road to recovery. Aside from the seismic announcement on its own, moving forward, LTC being listed as one of the four crypto assets USA users can buy on PayPal will be a much-needed boost for Litecoin.

Not only will interest and hype begin to return, but by introducing the altcoin to a new audience and userbase that isn’t aware of the issue with founder Charlie Lee, or the years of disinterest, prices will begin to race and catch up to Bitcoin, and Ethereum’s almost two-year-long head start.

Non-crypto users who aren’t familiar with cryptocurrencies may see Litecoin’s low cost as a low barrier to entry and the cheapest price to own one full coin of the cryptocurrencies offered on PayPal. They could also view the lower cost coin to be a safer investment when first risking money in crypto.

Immediately following the news, social media mentions of Litecoin went through the roof, spiking several times higher than the usual dull trading volume, as the chart above demonstrates.

Social media has since fallen back to normal levels, but the subsequent rise in trading volume has sustained the price increase over the last week, suggesting traders aren’t eager to take profit on what might be a long-term reversal. Former resistance at $52 should now act as strong support, while Chua says that there is “potential to move to around $70-$75.” She also says bulls are likely to “defend” the neckline of an inverted head and shoulders pattern that coincides with $52.

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Ride Litecoin “Skyrocket” On An Upward Trajectory With PrimeXBT

Bitcoin being the first-ever cryptocurrency and having the largest regulatory acceptance and adoption, will always command a premium over its peers. However, few cryptocurrencies are as similar to Bitcoin as Litecoin is, which is a stamp of approval on the altcoin’s long-term value and longevity.

The market is now learning with more large-sized institutional participants that there isn’t enough BTC supply to go around, and because Litecoin’s supply is only four times more, digital silver has similar scarcity to Bitcoin and the precious metal its nicknamed for. As new investors come into crypto by way of PayPal, owning one full Bitcoin could feel too out of reach, while holding multiple Litcoin is highly affordable.

When that day arrives, Chua says the price per LTC could “skyrocket.” But before that happens, she claims that this spark set off by PayPal will need first to reignite renewed interest in LTC mining, once the price reaches a point where it is worthwhile again. Miner activity could also set off new developer interest, and building into Litecoin fundamentally could resume.

With activity high again, the buzz will be back, sentiment will soar, and Litecoin will shine again. “PayPal support will provide the much-needed impetus for LTC to turn around and begin on an upward trajectory,” the PrimeXBT analyst concluded.

Litecoin trading is just one of five cryptocurrency markets offered by the award-winning PrimeXBT, three of which match PayPal’s list of coins. The list includes Bitcoin, Ethereum, Litecoin, EOS, and Ripple, but the advanced trading platform also provides long and short positions on CFDs for stock indices, forex, commodities, and much more. There, traders can take advantage of the trend change in Litecoin and prepare for the upward trajectory that Chua claims could be ahead.

 

 

 

Chainlink’s Price Surges As It Bags Yet Another Integration

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Chainlink has a major player when it comes to building infrastructure that allows the interoperability of smart contracts. In the latest news for the ecosystem, Asia-based public blockchain, PlatON revealed joining forces with Chainlink.

The latest collaboration is aimed to integrate Chainlink’s decentralized oracle network into PlatON’s next-generation PoS blockchain platform, starting with its mainnet sandbox Alaya.

According to the official announcement, PlatON asserted,

“This integration ensures developers building on our scalable, decentralized, privacy-preserving blockchain have access to Chainlink’s highly secure and reliable oracles for building more advanced smart contract applications that interact with real-world information and systems, including premium data providers, legacy systems, IoT networks, cloud infrastructure, and more.”

PlatON intends on allowing for the creation of new DeFi applications previously not achievable on other networks hampered by network congestion and slow speeds. The platform aims to achieve scalability achieved, following which the developers of the platform will essentially access external resources that are not inherently generated or available on-chain, such as aggregated price feeds.  This integration comes after PlatON identified Chainlink’s price reference data feeds as a perfect fit to provide its developers with a framework for obtaining financial market data.

Chainlink’s rising popularity

Over the last couple of months, Chainlink has emerged as a preferred oracle solution. It has captured more than 280 partnerships, nearly 160 of which have been in the year 2020 alone. It has established a monopoly [of sorts] in the ecosystem. A major contributor to this was Ethereum’s perennial problem of soaring gas fees and congestion on the network. This, in turn, has triggered a rise to stiff competition among several oraclized data providers, and, so far, Chainlink appeared to be leading the space.

LINK Token

chainlink charts

Unlike other DeFi tokens, which remained unfazed by the latest bullish price action, LINK surged significantly higher. In terms of price, Chainlink’s native token has witnessed one of the strongest rebounds from its recent lows across the overall altcoin market. At the time of writing, it was priced at $12.17 after surging by 13% over the past week, thus surpassing a crucial resistance level of $11.69. The latest development of integration has further sparked off bullish signals.

TVL in DeFi Nears Fresh ATH of $13 Billion Despite the Decline in DEX Volume

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2020 has been a success story for the decentralized finance [DeFi] ecosystem. DeFi has been around for a couple of years but it gained massive traction in the second and third quarters of this year and the overwhelming rise was reminiscent of the previous ICO boom.

Adding yet another feather to its cap, the total value locked [TVL] in DeFi surged to a whopping $12.58 billion on the 25th of October. This surge coincided with the latest bullish price action of the cryptocurrencies which triggered optimism in the space. Uniswap with a TVL of $2.68 billion and dominated the charts by 21.65%. The popular DEX was followed by Maker with $2.13 billion, WBTC with $1.44 billion, Aave $1.13 billion, and Compound with $1.08 billion in TVL respectively.

DeFi Pulse 1

Ethereum [ETH] locked in DeFi also spiked as the altcoin surged above the $400-level more than a month later. According to DeFi Pulse, the figure was recorded to be at 9.008 million Ether at the time of writing. BTC and WBTC locked in also noted a mild surge to 171.2K.

What has further legitimized the DeFi space is the foray of some of the big names in the crypto industry. The investment giant, Pantera Capital recently disclosed that its Digital Asset Fund intended to invest more heavily into DeFi assets than the rest of the market.

But could DeFi lose steam?

Talking about the potential capabilities of DeFi instruments, Chris Burniske from venture capital firm Placeholder had recently noted,

“If you think DeFi will have a smaller impact on ETH than ICOs, you aren’t paying attention. The ICO boom showcased Ethereum’s ability to perform one financial service: early-stage capital formation. DeFi will showcase Ethereum’s ability to perform all financial services.”

Bitcoin has started to show signs of strength over other cryptocurrencies as its dominance rose to 61%. On the other hand, Ethereum has seen its popularity grow throughout 2020 due to the rise of DeFi. Having said that, skepticism still exists in terms of outlook and long-term sustainability of DeFi. In addition, trading volumes on Ethereum-based decentralized exchanges have taken a plunge this month and was down by 44% in the past 30 days. 

Dune

But it is not all bad. The declining trading volume could mean that the market is coming back to rational levels. The soaring TVL indicated a positive sentiment in the DeFi space and the latest stats could potentially indicate a healthy market.

Binance Ecosystem Partner 1inch Announces Integration With Safepal

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Decentralized cryptocurrency exchange and Binance Ecosystem partner 1inch announced integration with a cryptocurrency hardware wallet called Safepal. The official blog post of the platform revealed,

“SafePal has successfully integrated 1inch Exchange Dapp within the SafePal App”

Notably, Safepal happens to be the first hardware wallet backed by the cryptocurrency exchange, Binance
and Binance Labs. It recently announced PancakeSwap support to its SafePal App. The recent incorporation of Pancake within the SafePal App was aimed at enabling users to take part in the growing Binance Smart Chain development in the DeFi space.

Veronica Wong, Chief Executive Officer had earlier stated,

“SafePal has been dedicated to building the most secure and powerful cryptocurrency wallet for the masses. Till now SafePal has grown into the most comprehensive crypto management tool with the integration with 19 blockchains, DEXes, Dapps and Market, enabling users to secure, send, buy, swap, and trade crypto all in one. We are excited to witness the steady and robust growth of SafePal, and looking forward to serving every crypto user in a better way”

Besides, Safepal had previously integrated with prominent Ethereum-based DeFi projects which included Uniswap, Compound, and AAVE. Shortly thereafter, the platform announced collaboration with Binance Smart Chain, BEP20 tokens as well as all BSC-based Dapps are now fully integrated and available in the SafePal wallet.

Meanwhile, the latest 1inch-Safepal news comes a day after the exchange announced collaborating with cybersecurity solutions platform, Hacken to enhance its security by auditing its code, APIs, and infrastructure. It had further revealed that the Hacken team would aim on assisting as a crypto exchange auditor.

User Stats

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1inch’s user statistics have maintained a consistent upward trajectory similar to ‘other prominent DeFi platforms. Its association with the world’s leading crypto exchange Binance has further boosted its standing in the decentralized finance ecosystem. As of 20th October 2020, there were 30,838 users on its platform.

According to data available on Crunchbase’s website, 1inch secured $2.8 million in a seed round a few months ago. In addition, this funding round saw investments from the likes of DragonFly Capital, FTX exchange, and Binance Labs.

Coinbase Roll-Out Support Wrapped Bitcoin Amid Ongoing DeFi Craze

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Thanks to the ongoing decentralized finance [DeFi] boom, tokenized Bitcoin has captured the market sentiment like never before. With its growing popularity among investors, several exchanges were now delving deeper by listing these tokens to allow BTC to participate in decentralized finance. Adding to this trend, leading cryptocurrency exchange, Coinbase also announced support for the synthetic version of Bitcoin that runs on Ethereum – Wrapped Bitcoin [WBTC] on its platform.

According to Coinbase official release, stated,

“Starting today, Coinbase supports Wrapped Bitcoin (WBTC) at Coinbase.com and in the Coinbase Android and iOS apps. Coinbase customers can now buy, sell, convert, send, receive, or store WBTC. WBTC is available in all Coinbase-supported regions, with the exception of New York State.”

Coinbase has a great track record of building new tools for the community and is a widely recognized global platform. This step is certainly a major milestone for the tokenized asset and more broadly for the DeFi space.

Why the traction?

Wrapped Bitcoin or WBTC, as it is popularly known as,  enables users to lock up BTC in exchange for WBTC. This is essentially an ERC-20 token pegged to Bitcoin and allows BTC holders to access the growing Ethereum-driven decentralized finance [DeFi] space using it as collateral. The increasing demand evidenced the fact that the investors were capitalizing on the rising number of opportunities for using pseudo-BTC in the DeFi ecosystem.

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It wasn’t until August that tokenized Bitcoins gained traction. While the supply of this form of tokens has grown at an astonishing pace, which has led to several platforms offering alternate tokenized bitcoin products, it is, however, WBTC that remains the undisputed leader that has been currently dominating the charts.

First started by BitGo, Ren, and Kyber, over the past couple of months, WBTC has become the most popular synthetic version of Bitcoin holding more than 70% of the market share.