LUNA and AVAX won the "Top 10" in the encryption market value - the selection of the top AscendEX project is really lucky
Recently, the global encryption market has been in a correction phase as a whole. Peak AscendEX data shows that since March 28, Bitcoin has gradually declined from a high of $48,198.68. As of press time on April 19, Bitcoin was quoted at $40,738.9, a drop of about 15.5%. In addition, after Ethereum ushered in a small peak in early April, the current price is 3042.21 US dollars, and the phase decline is also about 15%.
In the cryptocurrency market, there are both skyrocketing bull markets and sky-defying bear markets, and the unknown value opportunities hidden in the ups and downs of the market are only waiting for those with discerning eyes to grasp them. As one of the value applications of neutral and credible decentralized blockchain technology, cryptocurrency is also affected by factors such as market consensus, relevant policies, and project strength. However, even though the market is changing rapidly, the essence of technology serving human development has never changed.
Based on the recent market environment, although the total market value of the global encryption market has declined to a certain extent, the stage of recovery is also relatively obvious. As of press time, according to CoinMarketCap statistics, the total market value of cryptocurrencies is about 1.89 trillion US dollars, an increase of 4.4% from the previous day. In the "Top Ten" list of cryptocurrency market capitalization, there are also new forces that continue to rise strongly.
▲Data source: CoinMarketCap – 0419
Following Solana, the stablecoin project Terra (LUNA) and the open-source blockchain platform Avalanche (AVAX) ranked eighth and tenth on the list, with market capitalizations exceeding US$31.6 billion and US$20.8 billion respectively. It is worth noting that in just one day, the market value of Terra (LUNA) rose by approximately US$4.3 billion, and its ranking jumped from ninth on April 18 to eighth at press time.
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▲Data source: CoinMarketCap – 0419
Terra was developed by South Korean company terraform labs, and its mainnet was launched in April 2019. In 2018, Terra completed its seed round of financing with USD 32 million, led by Polychain Capital, FBG Capital, Hashed, 1kx, Kenetic Capital, Arrington XRP Capital and other well-known funds. In 2021, Terra will complete financing of US$25 million and US$150 million respectively.
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▲Data source: CoinMarketCap – 0419
Avalanche (Avalanche Protocol), as an open source platform, builds a new consensus-driven blockchain based on the consensus protocol of random sampling and metastable decision-making. With this protocol, transactions can be quickly confirmed within seconds, and the network can support thousands of nodes to participate in consensus. Avalanche founder Emin Gün Sirer is not only proficient in academics and research, as a technology geek and pioneer of cryptography, he is a legend in the field of encryption.
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▲Data source: CoinMarketCap – 0419
Near Protocol is committed to becoming a highly scalable, low-cost blockchain platform that facilitates developers to create decentralized applications (DApps). Recently, Near Protocol announced the completion of the latest round of financing of US$350 million, and plans to use the funds to help more people learn and use blockchain technology. This round of financing was led by the world-renowned hedge fund Tiger Global. In addition to the participation of institutions and funds in the encryption field, many traditional companies were also included.
Since the launch of the mainnet in October 2020, the Near Protocol network has processed more than 110 million transactions, and the number of accounts has exceeded 5 million. Currently, there are more than 450 applications built or running based on Near Protocol. As the first blockchain to implement sharding, Near Protocol currently has 4 shards active.
With the Rust, Solidity, and TypeScript languages compatible with Near Protocol, the barriers to entry for developers are greatly reduced. At the same time, the contract compatibility with cross-chain Polkadot also creates important conditions for its combination with more Web3.0 projects in the future. In addition, there is no need for users to remember the public key and private key, and the relevant Dapp handling fees are borne by the developer, etc. Humanized ideas give users an updated experience.
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Summit AscendEX: Don't ask bulls and bears, interpret core values with actions
On April 17, according to media reports, Raoul Pal, a former executive of the well-known investment bank Goldman Sachs, said that the cryptocurrency market has reached a relatively low price point. Prepare for a round of rebound.
Facing the treacherous cryptocurrency market, Summit AscendEX continues to actively forge ahead in product research and development, system upgrades, and risk control strengthening, regardless of rain or shine. In particular, in the discovery and launch of high-quality projects in the market, the use of years of experience in the traditional financial industry has continuously proved the unique vision of selecting high-quality products. According to CryptoRank, as of the end of March this year, among hundreds of encrypted trading platforms around the world, AscendEX ranked among the top five in the world in terms of comprehensive return on investment for its first online projects.
Among AscendEX's core values of "efficiency, transparency, and stability", the "efficiency" derived from the turbulent market has created AscendEX's strong market sensitivity, diversified plan formulation, response and execution capabilities, and differentiated markets Competitiveness. In its own refined operation, user demand satisfaction and product innovation, a "transparent" implementation attitude means full sincerity, care and self-confidence.
Sailing in the "Red Sea" of the encrypted financial market, with the help of valuable experience from the traditional financial industry, AscendEX has formed a distinctive "stable" business mentality and style, and can always face various market competitions and challenges. Grasp the original intention of entering the encryption industry, and continue to provide market users with a safe, worry-free and stable trading environment.
Witnessing the jump in market value of Terra and Avalanche, the legend of the cryptocurrency market is still going on. AscendEX is looking forward to it and will pay close attention to the performance of platform projects in the future.
