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“Ethereum Likely to Begin Outperforming Bitcoin as Strength Mounts” Daily Crypto Report 24/12/2020

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Price Change Today:

BTC is down 2.07% at $23064,

ETH is down 5.98% at $579.36,

and, XRP is down 30.13% at $0.262.

Top Gainers in 24 Hours are,

CVC is up 2%.

Top Crypto Headlines for 24/12/2020 are,

  1. Bitcoin Dominance Soars to Highest Level Since May, Thriving off XRP‘s Collapse

Bitcoin’s dominance has notched an eight-month high of 68.2 percent, according to the crypto data site. The Big Daddy of all cryptocurrencies now has a slightly lower market share than at the beginning of the year when it was responsible for 68.98 percent of the cryptocurrency market on Jan. 9.

  1. Cere Network Raises $1.5M More to Bring Its ‘Decentralized Salesforce’ to Polkadot

Cere Network has raised another $1.5 million to become a decentralized version of Salesforce. The firm will build its customer relationship management (CRM) tools on the Polkadot network.

  1. Stablecoin on-chain volumes have crossed the $1 trillion mark this year

Stablecoin on-chain volumes have crossed the $1 trillion mark in 2020, according to The Block Research. On-chain volumes are any transactions that occur on blockchains.

  1. SushiSwap Project Lead 0xMaki Explains Defi Project’s Future

SushiSwap’s project Lead spoke about the DEX’s partnership with Yearn. finance and its plans for the future.SushiSwap’s project lead today gave an exclusive interview to UniWhales.

  1. Ethereum Likely to Begin Outperforming Bitcoin as Strength Mounts

ETH could soon buck this trend and begin posting some massive short-term gains. ETH may soon put in a higher low against Bitcoin, which will only be invalidated if BTC continues up towards $30,000.

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5 Things to Consider Before Investing in Cryptocurrency

5 Things to Consider Before Investing in Cryptocurrency There is no question that cryptocurrencies have established a new investing sector. With the value of digital currencies such as Bitcoin over ...
Read More

Tax on Cryptocurrency In India – Complete Guide 2022

Wondering how taxation on crypto works in India? How much do you have to pay tax on cryptocurrency in India? How 1% TDS is levied on crypto? Don’t worry we ...
Read More

New Cryptocurrency Bill Advances to Senate in Brazil

A new cryptocurrency bill was approved by the Chamber of Deputies of the Brazilian Congress last week, and is now awaiting review by the Senate for approval. The project, if ...
Read More

USDC Sees Native Launch on Avalanche

USDC, the second leading stablecoin by market cap, has been launched on the Avalanche blockchain as a native token. Previously, users wanting to get USDC in Avalanche had to bridge ...
Read More

Crypto Lender Nexo Launches NFT Lending Desk, Loans up to 20% for Popular NFTs

On December 16, the blockchain-based lending platform Nexo announced the firm has launched a non-fungible token (NFT) lending desk. While the company offered crypto-backed loans using tokens like bitcoin and ...
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