The price of bitcoin registered a decrease of around 2% less. The cryptocurrency broke the $ 12,000 barrier again on August 17th, but fell to the $ 11,000 range days later, according to Live Coin Watch.
During the week of August 15-22, the market shows a predominance of cryptocurrencies with falling prices. Less than half of the altcoins had growths that varied between 2% and 30%. The most appreciated cryptocurrencies are led by NEM (XEM), Decred (DCR), and Lisk (LSK). The news related to these altcoins has to do with the launch of a new platform in NEM, and a virtual event in the Decred community. Lisk, meanwhile, is releasing a new module for developers.
The top of the week is completed with Stratis (STRAT) and Siacoin (SC). The former stands out for its listing on Crypto.com, while Siacoin is referred to as the advancements of its Skynet network.
On the other hand, the price of bitcoin suffered a notable decrease of around 2% less. The cryptocurrency broke the $ 12,000 barrier again on August 17th, but fell to the $ 11,000 range days later, according to Live Coin Watch. Even so, it has grown by 65% in 2020 and has a better level of appreciation compared to the dollar. The currency weighted index (USDX) lost more than 8 points since last May.
Ether (ETH) also drops its price, after several weeks of growth. Its average drop is 10%. The price peaked at $ 440 on August 17th and fell to $ 399 on the 19th. Fees on Ethereum have not dropped below $ 1 million per day since July 19th. According to recent reports, peaks of up to $ 8,600,000 in commissions have been presented on the network during August.
NEM will launch a new corporate platform
In a statement published on August 21st, NEM Group Limited made clear the tentative date for the main net launch of the Symbol update. It may be December 17th when the new platform will be available to all audiences. The announcement crossed ways with the increase suffered by the price of the cryptocurrency, whose average weekly growth was 30%.
The price of XEM, NEM’s cryptocurrency, started the week at $ 0.062 and hit a high of 0.082 on August 22nd. Meanwhile, the NEM team promotes a video on Twitter describing the characteristics of Symbol, a blockchain platform aimed at traditional companies.
Decred joins the debate on the legalization of cryptocurrencies
Within the group of the most appreciated cryptocurrencies of this week, Decred (DCR) is in second place with an advance of 28%. During this period, the company dedicated itself to promoting a virtual event; the main goal was discussing regulations and the legalization of cryptocurrencies.
The debate on Legal Perspectives of Cryptocurrencies took place on August 20th. According to messages posted on Twitter in Spanish, one of the guests was Mauricio Ocampo, Founder of the technology company Techno Law Geek, in Mexico. Simultaneously, DCR went from trading at USD 16.80 at the beginning of the week, to a peak of USD 22.79 on August 22nd.
Among the ideas that were discussed at the event, the democratization, traceability, and public records of blockchain platforms were discussed, considering them as the systems that will facilitate the legalization of the crypto industry. DCR’s market capitalization is $ 247.3 million, with daily trade of $ 10.7 million.
Jenson Nuñez
