Decred rises more than 50% after integrating its portfolio to its decentralized exchange. Zcash had shown an appreciation of 53% after joining a web extension’s list of payment methods.
From May 24 to 30, 2021, the cryptocurrency market had shown relevant signs of recovery after the general decline that happened last week amid the correction in the price of bitcoin (BTC). About 90% of altcoins registered sudden increases that reached more than 50%, according to statistics from Coin Check-Up.
The weekly top ranks Decred (DCR) as the leading currency, which this week integrated its native portfolio to its decentralized exchange DCRDEX. Then Zcash (ZEC) follows. This currency is currently available in a Chrome browser extension called Moon. And the third goes to beam (BEAM), which is preparing for a change in its governance system.
All five cryptocurrencies get their completion with Cardano (ADA), with the tesnet launch of its Alonzo update; and EOS, which plans changes to its rewards system.
Right after the Third Halving
This stage is going on after the third halving, which happened on May 11, 2020. According to Ecoinometrics, the pattern after these events includes a vertiginous rise, followed by strong corrections and successive rises.
For its part, ether (ETH), Ethereum’s native cryptocurrency, also grew in price. This week the price of ETH went between $ 1,782 and $ 2,871 in seven days and on average rose 22%.
Other relevant news about the network includes that of decentralized infrastructure provider SpaceChain, which announced two space missions scheduled for June this year. The first mission, scheduled for June 3, will focus on moving the Ethereum satellite node to the International Space Station (ISS) aboard SpaceX’s Falcon 9 rocket, as the company said in a statement.
Other relevant cryptocurrencies by market capitalization are also showing recovery. XRP gained 21%, and litecoin (LTC) was up 24%. Meanwhile, Polkadot (DOT) appreciates at 16%; and Cardano (ADA) advances by more than 35% to rank fourth in the weekly top.
Decred Integrates DEX into the Decrediton Native Wallet
According to data released this past week, the Decred team announced the initial integration between its decentralized exchange, DCRDEX, and its native Decrediton portfolio. The integration aims to push access to the exchange, launched at the end of last year.
The news appeared on May 27, colliding with the rise of the native cryptocurrency of this network, DCR, which had been constantly increasing since the beginning of the said week. The DCR price ranged between $ 88.17 and a high of $ 154, which it reached on May 27. On average, the cryptocurrency surged more than 54% in seven days.
The integration comes after it was learned that Decred released a new decentralized autonomous organization (DAO), once the necessary changes were executed earlier this month to decentralize the treasury of 87 million dollars. The situation gave stakeholders full sovereignty over project funds.
By: Jenson Nuñez
