Zcash users can perform shielded transactions from iOS devices. The Cardano There Could Be Price Correction in Financial Market Assets, according to IMF will take place on July 7th.
The price of almost all cryptocurrencies declined between June 20th and 26th. The few altcoins that recorded increases rose to nearly 9%, while most declines were up to 22%.
At the time of writing this article, the first cryptocurrency in the market exhibits a decrease of almost -1.27%, a trend that has accumulated in recent weeks and that analysts have estimated at -0.41% in the past month. During the aforementioned week, the price of BTC remained in an average range of USD 9,400, with a significant drop on June 24th and 25th, according to data from Live Coin Watch.
For its part, Ether (ETH) has risen slightly, increasing by 0.48%. ETH has had a sustained growth since June 21st, reaching a high of USD 248. However, its value fell significantly on the 24th and 25th. On those days, Geth, one of Ethereum’s most popular clients, announced the incorporation of a limit amount for transaction fees.
Zcash (ZEC) and Cardano (ADA) lead the most appreciated cryptocurrencies. Decentralized finance (DeFi) cryptocurrencies Synthetix (SNX), Compound (COMP), and Nexo (NEXO) are also noteworthy.
Zcash Launches Shielded Transactions for iOS
With its privacy-focused approach, Zcash (ZEC) is in first place among the most appreciated cryptocurrencies. Between June 20th and 26th, it recorded an increase by about 8.3%.
The price of this cryptocurrency began to rise gradually on June 22nd, which coincided with an announcement on Twitter inviting users of iPhones or iPads to download version 1.0.15 of Zecwallet Lite. That way, they will be able to enable ZEC shielded transactions for these devices.
Although the price of ZEC went from a low of USD 50.56 to a high of USD 59.30 on the days after the announcement, it has declined since June 24th. At the time of writing, the market capitalization of the cryptocurrency is USD 59.6 million and its daily trading volume is USD 128 million.
Cardano Prepares Shelley Update
Amid the market decline, Cardano (ADA) has recorded an average increase of 0.71%, maintaining an advance observed since the end of May. The growth of the cryptocurrency has been notable since Charles Hoskinson, CEO of IOHK, explained the plans to implement an update to the network, identified as Shelley, on July 7th.
Between June 20th and 26th, the price of ADA started at USD 0.0798, closing those seven days at USD 0.0812. It reached its highest value (USD 0.0867) on the 24th.
The Cardano Foundation, IOHK, and EMURGO want the community to learn how to use Shelley, a version that will allow ADA holders to form staking groups. The market capitalization of ADA is USD 2,092 million and its daily trading volume is USD 56.4 million.
DeFi Cryptocurrencies
Synthetix (Synthetix Network Token or SNX) is a DeFi protocol for the issuance of Ethereum-based assets. Between June 20th and 26th, it was the most prominent among decentralized finance tokens.
In those seven days, the price of SNX ranged from USD 1,401 to USD 1,847. Its capitalization was USD 137.9 million and its daily trading volume was USD 1.6 million.
For its part, the company behind DeFi Nexo reported last June 23rd on the inclusion of the token in the BEQUANT Exchange platform, a comprehensive solution for professional investors in digital assets located in Malta and the United Kingdom.
The association seeks to offer the token to institutional investors, according to Nexo’s blog. Between June 20th and 26th, NEXO recorded an advance by 16.72%, with significant growth between June 22nd and 24th. Its value ranged from USD 0.173 to USD 0.197.
By Alexander Salazar
