NEM’s cryptocurrency appreciated 39% on the eve of the launch of its Symbol network. IOTA climbs 10% while running tests for smart contracts on its network.
The market started to recover slightly after a significant recent decline that took place from February to the very beginning of March 2021. According to Live Coin Watch statistics, more than 70% of altcoins now show a sudden uptrend, with advances reaching 40%.
The most appreciated cryptocurrencies went behind NEM (XEM) and integrated into the Moonpay global payment solution. IOTA (MIOTA) follows the activation of the alpha phase of a protocol for smart contracts; then Tezos (XTZ), which receives support from computer engine vendor Wolfram Alpha gets the third spot.
The crypto assets list also has Storj (STORJ), which integrated the ZK-Rollup solution to set a reduction of commission payments on the Ethereum network, and Tron (TRX), starting with a DeFi product development program.
The price of Bitcoin is showing increases again, exceeding the $ 50,000 after having climbed a minimum amount that marks USD 43,450. On average, it started to recover by 0.2% in a single week.
The pioneering cryptocurrency experienced its highest increase on March 3, when it peaked at $ 52,331. The advance happened amid a set of constant institutional investments. The rise also links to the support that comes from Van Eck’s application for approval of the bitcoin exchange-traded fund (ETF), which received an introduction by the United States Securities and Exchange Commission (SEC).
Amazon Web Service (AWS) also announced that, from its blockchain network management tool, Amazon Manager Blockchain, it is possible to gain access to Ethereum nodes. This new feature will allow AWS customers to bring provisional nodes to the network, allowing them to link to the leading web and the Rinkeby and Ropsten test networks.
Meanwhile, other relevant cryptocurrencies on the market are registering rises and declines. Litecoin (LTC) reached 1.4%, and Ripple’s XRP won at least 3.5%. On the other hand, Polkadot (DOT) lost 6.7%; and Cardano (ADA) fell 20.9%.
XEM is Now into Payment Solution Moonpay Platform
In a Twitter message, the NEM team reported that Moonpay integrated the cryptocurrency XEM into its system.
The announcement relates to the growth of this altcoin, which that same day peaked at $ 0.86. XEM now joins a list of more than 80 cryptocurrencies used on the Moonpay platform. The payment system now sets its operations in at least 180 countries or more.
The price of XEM has been rising since last week because of the activation of its new Symbol network. The registration process for the exchange of XEM for Symbol’s XYM token sets its closure this March 12.
After reaching its maximum weekly price, on March 3, the cost of XEM has been experiencing a decline in recent days. The market capitalization is USD 6,688 million, and the daily trade volume is USD 612 million at the time of writing.
By: Jenson Nuñez
