Polkadot pushed DOGE out of the top 10 cryptocurrencies while Bitcoin maintains a level near $38,000 as we can see further in our latest crypto news.
Bitcoin remained above $38,000 while Polkadot pushed DOGE out of the top 10 by market cap. After yesterday’s volatility, where BTC tapped a ten-day high above $39,000 the asset then calmed down below this level. Most alternative coins are not really stable on a daily scale, with ETH standing below $2800 and Polkadot reclaiming the $20. the past few days were quite volatile for the leading asset starting from near the $2000 drop which drove it from above $38,000 to a new low of just over $36,000.
It was rejected but then the bulls kept the pressure on and pushed BTC north but this time, BTC challenged $39,000 and then exceeded the level which became the highest price level in ten days. Bitcoin however failed to sustain this level and retraced to around $38,500 as of the time of writing and as such, the market cap remained well above $700 billion. The alternative coins marked some strong gains yesterday with Ethereum leading the pack after a double-digit price surge and now the second biggest asset calmed down and sits below $2800. Ripple, DOGE, and Binance Coin are in a similar position with some minor daily declines. Cardano, Solana, and Avalanche all marked some bigger gains and SOL stands now at $110 while ADA is above $1.05. Polkadot’s latest increase by 3% means that DOT trades above $20 and the coin became the 10th biggest crypto by market cap, replacing DOGE. The cumulative market cap of all assets dropped but it Is still above $1.6 trillion.
Speaking of Polkadot, Centrifuge is a decentralized asset financing protocol that recently won an auction for a parachain slot on Polkadot and just like other parachains from the Polkadot second group of parachain auctions, it will go live on March 11th. The protocol announced an auction victory in a blog post and the team said they are “all systems go” to bring functionality on Polkadot. Centrifuge becomes the 9th PArachain slot on Polkadot and aims to bridge non-digitally native assets into the DEFI space. It is intended to allow users to finance real estate and to earn royalties without having to use third parties and banks.
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