Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul class="summary-list"><li>Trading app Public doubled its cryptocurrency offerings Wednesday to 21 in total.</li><li>The app's users poured into the new offerings, including <keyword id="12150390" type="UNKNOWN" weightage="60" keywordseo="avalanche" source="Orion">avalanche</keyword>, <keyword id="11931714" type="UNKNOWN" weightage="60" keywordseo="solana" source="Orion">solana</keyword>, <keyword id="12483765" type="UNKNOWN" weightage="60" keywordseo="polygon" source="Orion">polygon</keyword>, and <keyword id="12507551" type="UNKNOWN" weightage="60" keywordseo="sushiswap" source="Orion">sushiswap</keyword>. </li></ul>Robinhood competitor Public doubled its cryptocurrency offerings Wednesday with altcoins like avalanche and polygon making the cut. The company announced that it now has 21 cryptocurrencies listed on its platform with the addition of Solana, <keyword id="12507550" type="UNKNOWN" weightage="60" keywordseo="terra" source="Orion">Terra</keyword>, <keyword id="12019780" type="UNKNOWN" weightage="60" keywordseo="uniswap" source="Orion">Uniswap</keyword>, Avalanche, Chainlink, Polygon, Algorand, SushiSwap, Basic Attention Token, and Ren.On the app, a deluge of investors bought up the latest coins within hours of the company adding them, according to the Twitter-like scroll showing user purchases on each of the tickers. Public <a href="https://markets.businessinsider.com/news/currencies/robinhood-competitor-public-adds-cryptocurrency-trading-to-platform-2021-10">launched cryptocurrency trading</a> last month with well-known digital assets like <keyword id="11893902" type="UNKNOWN" weightage="60" keywordseo="bitcoin" source="Orion">bitcoin</keyword>, <keyword id="11892696" type="UNKNOWN" weightage="60" keywordseo="ethereum" source="Orion">ethereum</keyword>, and dogecoin first on the platform. Shortly after the initial launch, it added <a href="https://africa.businessinsider.com/markets/public-lists-shiba-inu-coin-on-its-trading-platform-as-the-robinhood-rival-broadens/dbz70ss">shiba inu coin</a> amid the meme crypto's epic rally.Robinhood, on the other hand, has seven cryptocurrencies available for trading on its platform and <a href="https://markets.businessinsider.com/news/currencies/robinhood-shiba-inu-price-crypto-coinbase-short-term-gain-coo-2021-11">turned down</a> thousands of retail investors who asked the app to add <keyword id="12303302" type="UNKNOWN" weightage="60" keywordseo="shiba-inu" source="Orion">shiba inu</keyword> coin. Public, which aims to make the stock market "social," <a href="https://markets.businessinsider.com/news/stocks/how-do-trading-apps-robinhood-webull-public-compare-brokerage-review-2021-5?utm_source=markets&amp;utm_medium=ingestgest">launched in 2019</a>. Similar to the Clubhouse app, it has a live audio feature where executives among others can offer insight. That feature now includes weekly "Crypto Club" sessions with news and information on digital assets. When adding crypto trading to a Public account, the app reminds users digital assets "can be more volatile than other types of investments." The app also has "volatility reminders" on crypto pages to ensure investors can make informed choices, the company told Insider previously. Bitcoin and ethereum notched new <a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-today-inflation-record-high-cpi-hedge-gold-data-2021-11">all-time high prices</a> of $69,000 and $4,770 this week, bringing the total value of the cryptocurrency market to <a href="https://markets.businessinsider.com/news/currencies/ether-price-bitcoin-record-crypto-market-cap-cameron-tyler-winklevoss-2021-11">$3 trillion</a> for the first time.

Public has added 10 more cryptocurrencies as trading app-users clamor for altcoins - Shiba Inu and Avalanche made the cut

<ul class="summary-list"><li><keyword id="11895317" type="UNKNOWN" weightage="60" keywordseo="cryptocurrencies" source="Orion">Cryptocurrencies</keyword> recovered from Friday's slump with decentralized exchange tokens sushi and uniswap in the lead Monday.</li><li>Ether rose as much as 9%, while DEX coins uniswap and sushi were up as much as 37% and 29%, respectively.</li><li><keyword id="11892748" type="UNKNOWN" weightage="60" keywordseo="china" source="Orion">China</keyword>'s previous crackdowns "had already been built into prices" Jeffrey Halley from OANDA said.</li></ul>The <keyword id="11892695" type="UNKNOWN" weightage="60" keywordseo="cryptocurrency" source="Orion">cryptocurrency</keyword> market surged in value on Monday, recovering from Friday's slump that was triggered by China's ban on trading and mining, while decentralized exchange tokens sushi and uniswap were the main beneficiaries of the bounce-back.Last week, China <a href="https://markets.businessinsider.com/news/currencies/bitcoin-price-china-ban-cryptocurrency-transactions-crackdown-2021-9">banned</a> all trading and mining activity, as well as forbidding foreign exchanges from doing business with users on the mainland, triggering a sell-off that wiped as much as $200 billion off the value of the total <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> market in a single day at one point.But by Monday, bitcoin, ether and a host of smaller coins were on the way to recovering much of those losses, with DEX coins ripping higher. Uniswap - the largest DEX token by market value - was up 37% earlier in the day, but pared some of those gains to stand around $24.69 up 12%, by 06:11 a.m. ET, while smaller rival sushi rose as much as 29%, but was last up 5% to $11.00, according to Binance data. DEX coins are native to decentralized platforms that allow their users to trade without any kind of intermediary, such a broker, bank, or clearing house. "Ether, uniswap and sushiswap have all surged over the past 24 hours due to the China ban creating a narrative that Chinese citizens will flock to DeFi solutions," Marcus Sotiriou, sales trader at digital asset broker <a href="https://www.globalblock.co.uk/">GlobalBlock</a> told Insider. Uniswap and Sushiswap are two of the largest decentralized exchanges, so it was little surprise that their native tokens were ahead of the pack, he added."It may well be that China's previously announced crackdowns had already been built into prices, meaning the knee jerk reaction quickly ran out of steam," Jeffrey Halley, Senior Market Analyst from OANDA, a foreign exchange company, said in a note to clients Monday. "Over the weekend sessions, bitcoin has shown some resilience and has now recovered the majority of those losses," Halley said.<a href="https://markets.businessinsider.com/news/currencies/china-bans-cryptocurrency-transactions-bitcoin-ether-pboc-crackdown-regulation-markets-2021-9">China</a> has waged a years-long campaign against virtual currencies dating back to 2013, when it banned banks from handling bitcoin transactions. In 2017, it also ordered local cryptocurrency exchanges to cease operations, forcing people in China to use off-shore exchanges. Earlier this year, Beijing cracked down on financial institutions from offering crypto services as well as bitcoin mining.Now China is going even further, targeting individuals, not just businesses, and closing off ways to get around earlier limits, although Friday's ban stopped short of banning possession of cryptocurrencies.Elsewhere across the market, ether, the second-largest cryptocurrency after bitcoin, was last up around 5% at $3,109.29 on the Kraken exchange, making it one of the stronger performers among the larger tokens, while bitcoin was up 1.4% around $43,869, according to CoinMarketCap. GlobalBlocks' Sotiriou noted that most decentralized finance applications - including some exchanges - are built on the ethereum network, which would account for ether's outperformance on Monday.

Cryptocurrencies recover from last week's China-led selloff, while decentralized exchange tokens sushi and uniswap surge by as much as 37%

<ul class="summary-list"><li><keyword id="11892748" type="UNKNOWN" weightage="60" keywordseo="china" source="Orion">China</keyword>'s <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> ban last week has sent traders flocking to decentralized exchanges.</li><li id="recirc">These peer-to-peer platforms allow parties to trade without any intermediary, even a clearing house.</li><li>We take a look at how these exchanges work and which coins are the "DEX" big guns.</li></ul>The crypto market bounced back on Monday from the slump caused late last week by China's outright ban on trading and mining. But it's not been the major cryptocurrencies that have seen most of the action, or even some of the recent red-hot "altcoins", but rather, <a href="https://markets.businessinsider.com/news/currencies/crypto-uniswap-sushi-china-selloff-decentralized-exchange-tokens-ether-2021-9">decentralized exchange (DEX) tokens</a>. Decentralized exchanges don't rely on any intermediaries, as a standard centralized exchange would. There are no banks or brokers, or even <a href="https://www.investopedia.com/terms/c/clearinghouse.asp">clearing houses</a> involved, but rather, they offer a peer-to-peer platform where the parties involved use smart contracts to execute their trades. These contracts are mini-programs that run on a blockchain that will automatically execute once a set of conditions are met. A number of decentralized exchanges are built on the ethereum network - the largest such blockchain that hosts smart contacts, decentralized finance applications and other protocols. They are often cheaper to use than centralized exchanges, like Binance or Coinbase, and mean users are completely in charge of managing their wallets and private keys, which allow them access to their crypto tokens. The three biggest decentralized exchanges by volume are <keyword id="12019780" type="UNKNOWN" weightage="60" keywordseo="uniswap" source="Orion">Uniswap</keyword>, SushiSwap and derivatives exchange DxDy. "Decentralized exchanges Uniswap and Sushiswap have seen a surge in usage, which is likely a result of China's ban on centralised exchanges. Since DEX's only require a crypto wallet and no KYC [know your customer], it is much easier to use and can be set up in a matter of minutes," Jonas Luethy, junior sales trader at digital asset manager Global Block, said in a newsletter. There are basically three different ways a DEX will function.The first is with what's known as an on-chain order book that lists all buy and sell orders sorted by price. In this case, every part of the transaction is written onto the blockchain. That includes not just purchases and sales, but even requests to buy or sell. So all the information is stored safely in one place, but this process can be costly and slower.Off-chain order books only record the final settled transaction on the blockchain, without storing orders or any other information. It's faster, but a little less secure than on-chain.Lastly, there are automated market makers (AMM) that use what are known as liquidity pools. The pool is essentially made up of a big enough reserve of tokens, or pairs of tokens. A user will just place the tokens they wish to sell or buy in the pool and one smart contract will complete their transaction. This method makes it much easier to swap from one cryptocurrency to another than with an order book, for example.Here are the top 3 DEX tokens to watch out for: <ol><li>Uniswap is the biggest token, with a market capitalization of over $14 billion. The token surged by almost 40% at one point on Monday. It's up around 360% so far this year at around $23.40. </li><li>Sushi is the second biggest token, with a market cap of over $1 billion. Its token, which has risen around 270% this year to $10.70, rallied by nearly 30% earlier on Monday.</li><li>DYDX gained by as much as 31% Monday. The underlying exchange has seen a massive influx of new users plus, and for the first time, has registered higher trading volumes than Coinbase, according to GlobalBlock. The dydx token launched around a month ago and has already roughly doubled in value to around $20.00. </li></ol>

China's ban on crypto has sent traders piling into decentralized exchanges. Here's a look at what DEX is and what tokens to watch

<ul class="summary-list"><li>A little-known <keyword id="11961768" type="UNKNOWN" weightage="60" keywordseo="altcoin" source="Orion">altcoin</keyword> called <keyword id="12616996" type="UNKNOWN" weightage="60" keywordseo="omicron" source="Orion">omicron</keyword> surged to a record high as the new coronavirus variant make headlines.</li><li>The price of <keyword id="12634621" type="UNKNOWN" weightage="60" keywordseo="omic" source="Orion">omic</keyword>ron, whose ticker is omic, peaked at $689.12 on Monday, according to CoinGecko data.</li></ul>A little-known altcoin called omicron surged to a record high as the new coronavirus variant with the same name made headlines.The price of omicron, whose ticker is omic, peaked at $689.12 on Monday, according to CoinGecko data. That means the coin soared as much as 960% from the time the <keyword id="11897163" type="UNKNOWN" weightage="60" keywordseo="world-health-organization" source="Orion">World Health Organization</keyword> <a href="https://www.businessinsider.com/omicron-covid-variant-concern-what-we-know-2021-11">labeled</a> the new variant Friday, when it was hovering just around $65.On Monday, the digital asset was trading at $162.14 as of 8:31 a.m. ET, roughly 76% lower from its all-time high.The altcoin has no connection to the <a href="https://www.businessinsider.com/omicron-covid-variant-concern-what-we-know-2021-11">B.1.1.529</a> strain other than its shared name, the 15th letter of the Greek alphabet.The coin, a decentralized reserve currency protocol that runs on the ethereum layer-two network arbitrum, is backed by several assets, such as stablecoin USD coin, according to an <a href="https://docs.omic.finance/basics/faq/">explainer</a>. It is listed solely on decentralized exchange SushiSwap.And unlike other coins that were borne out of phenomenal events — such as the <a href="https://markets.businessinsider.com/news/currencies/the-squid-game-token-scam-website-socials-offline-coingecko-crypto-2021-11?utm_medium=ingest&amp;utm_source=markets" target="_blank" rel="noopener">Squid Game token</a> — omicron already existed before the emergence of the COVID-19 variant last week.CoinGecko, for instance, has been tracking it since November 11. The <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword> data aggregator, however, does not provide further details of the coin's circulating supply or market capitalization.While the coin has a <a href="https://omic.finance/" target="_blank" rel="noopener">website</a>, a <a href="https://twitter.com/OmicDAO" target="_blank" rel="noopener">Twitter</a> account (joined October 2021), and a <a href="https://discord.com/invite/EAdCtsRTxs" target="_blank" rel="noopener">discord</a> account, little else is known about it."Omicron is a clear sign of a bubble, and while it might be a good way to make a quick return, it is not a good buying option for the long-term investors," Freddie Evans, sales trader at digital asset broker GlobalBlock <a href="https://markets.businessinsider.com/news/currencies/bitcoin-ether-shiba-inu-recovers-omicron-coin-soars-covid-variant-2021-11">told Insider</a> Monday. Altcoins, in general, have rallied in the past weeks as retail investors direct their attention to newer and lesser-known coins, such as shiba inu and dogecoin, which are increasingly becoming popular for their hefty gains compared to more established assets, like bitcoin.

A little known altcoin called omicron is surging as the new coronavirus variant makes headlines

<ul class="summary-list"><li>The <keyword id="12561214" type="UNKNOWN" weightage="60" keywordseo="dao" source="Orion">DAO</keyword> dedicated to freeing WikiLeaks founder <keyword id="12188188" type="UNKNOWN" weightage="60" keywordseo="julian-assange" source="Orion">Julian Assange</keyword> has won a bid to purchase an NFT for 16,593 <keyword id="11896271" type="UNKNOWN" weightage="60" keywordseo="ether" source="Orion">ether</keyword>.</li><li>Proceeds from the NFT sale will go to Assange's legal defense fund.</li></ul><a href="https://markets.businessinsider.com/news/currencies/dao-julian-assange-nft-crypto-ether-wikileaks-founder-legal-funds-2022-2">AssangeDAO</a>, a <keyword id="12586210" type="UNKNOWN" weightage="60" keywordseo="decentralized-autonomous-organization" source="Orion">decentralized autonomous organization</keyword> fighting for the freedom of Julian Assange, has won a bid to purchase a non-fungible token for 16,593 ether (roughly $53 million).Proceeds from the sale of the NFT, designed by the WikiLeaks founder himself in collaboration with a prominent digital artist who goes by Pak, will go to Assange's legal defense fund.The token, dubbed "Clock," is a timer that counts the number of days Assange has spent in prison. The NFT came from Pak's collection called <a href="https://censored.art/">Censored</a>.The stunning amount <a href="https://juicebox.money/#/p/assangedao">generated</a> by over 10,000 contributors totaled 17,422 ether (around $56 million) in just a matter of days. Among those who contributed is ethereum founder Vitalik Buterin who gave 10 ether, according to his <a href="https://twitter.com/VitalikButerin/status/1490686148087320576?s=20&amp;t=7KhrY5xpePr1g5hs2JgqRw">tweet</a>.<keyword id="13140072" type="UNKNOWN" weightage="60" keywordseo="assangedao" source="Orion">AssangeDAO</keyword> offered the maximum bid on Tuesday, supported by Assange's brother, Gabriel Shipton."We believe that this is the best outcome for AssangeDAO to assist Julian Assange's liberation," he said in his statement.Since the DAO won the bid, its contributors will be given the DAO's governance token called JUSTICE in amounts that are proportional to their contributions. Currently, one <a href="https://app.uniswap.org/#/swap?inputCurrency=ETH&amp;outputCurrency=0x59d1e836F7b7210A978b25a855085cc46fd090B5">token</a> is trading at around $0.002795 based on <a href="https://coinmarketcap.com/currencies/assangedao/">CoinMarketCap data</a>, trading 12% lower as of 3:52 p.m. ET. It can be traded on Uniswap and SushiSwap.The Censored collection also includes an open edition, which invites buyers to mint their own censored <a href="https://censored.art/message">messages</a> and pay any amount they desire. All proceeds will go to a range of charities including human rights and freedom of information, according to <a href="https://twitter.com/muratpak/status/1491416269513687042">Pak</a>. Over 30,000 tokenized messages have been created so far based on <a href="https://opensea.io/collection/censored-pak-assange">OpenSea</a> with Pak minting the first one for <a href="https://censored.art/vanguards">100 ETH</a>. When Assange is freed, the messages will be uncensored as well. AssangeDAO was formed on <a href="https://www.businessinsider.com/julian-assange-can-be-extradited-to-us-uk-court-rules-2021-12?utm_medium=ingest&amp;utm_source=markets">December 10</a>, when a <a href="https://www.judiciary.uk/wp-content/uploads/2021/12/USA-v-Assange-judgment101221.pdf">London court ruled</a> that the WikiLeaks founder can be extradited to the US where he faces 18 charges. In late January, the High Court in London said <a href="https://www.businessinsider.com/julian-assange-uk-court-rules-can-appeal-extradition-to-us-2022-1">he can appeal the December extradition ruling,</a> meaning he can bring his case to the UK Supreme Court.Assange has been in a UK prison <a href="https://www.businessinsider.com/julian-assange-can-be-extradited-to-us-uk-court-rules-2021-12#:~:text=over%20him%20in-,in%20April%202019,-%2C%20at%20which%20point?utm_medium=ingest&amp;utm_source=markets">since 2019</a>, after the Ecuadorian embassy of London terminated his asylum status. The US then <a href="https://www.businessinsider.com/julian-assange-can-be-extradited-to-us-uk-court-rules-2021-12?utm_medium=ingest&amp;utm_source=markets">requested to extradite him</a>, a process that has lasted more than two years. AssangeDAO said it was inspired by <a href="https://www.freerossdao.org/">FreeRossDAO</a>, a group that aimed to liberate Ross Ulbricht, the creator of the online narcotics emporium <a href="https://www.businessinsider.com/ross-ulbricht-convicted-of-running-silk-road-2015-2?utm_medium=ingest&amp;utm_source=markets">Silk Road</a>. FreeRossDAO raised $12 million, which was also used to bid on an NFT, the website saidOther recent high-profile <keyword id="12539572" type="UNKNOWN" weightage="60" keywordseo="daos" source="Orion">DAOs</keyword> include <a href="https://www.constitutiondao.com/" target="_blank" rel="noopener">ConstitutionDAO</a>, which raised over <a href="https://markets.businessinsider.com/news/currencies/constitutiondao-raises-46-million-buy-rare-copy-us-constitution-auction-2021-11?utm_medium=ingest&amp;utm_source=markets&amp;utm_medium=ingest&amp;utm_source=markets">$40 million</a> in a span of a few days to buy a rare copy of the US Constitution. It <a href="https://markets.businessinsider.com/news/currencies/constitution-dao-disbands-refund-how-us-constitution-discord-website-twitter-2021-11?utm_medium=ingest&amp;utm_source=markets">disbanded</a> after losing its bid to Citadel CEO Ken Griffin.

The DAO that wants to free Julian Assange just won the bid for a $53 million NFT that will be used to fund the WikiLeaks founder's legal defense

<ul class="summary-list"><li><keyword id="2810876" type="PERSON" weightage="60" keywordseo="ethereum">Ethereum</keyword> has 757,859 active addresses as of Friday, 49,154 more than <keyword id="6354947" type="UNKNOWN" weightage="60" keywordseo="bitcoin">bitcoin</keyword>.</li><li>Bitcoin's total has dropped 38% in three months, a <keyword id="46699" type="PERSON" weightage="60" keywordseo="bearish">bearish</keyword> sign.</li><li>The rise in Ethereum use over bitcoin could be due to DeFI. </li></ul>Ether overtook bitcoin in the number of active addresses on its network on Friday, a sign that demand is faltering for the world's biggest cryptocurrency as its counterpart gains in stature.Data from Bitinfocharts shows ethereum in the lead with 757,859 active addresses, around 49,154 more than bitcoin, which has 708,705. The total number of active addresses on the bitcoin network has dropped 38% from its April peak of 1.1 million.<div type="image" title="Bitcoin active addresses" height="810" width="2880" msid="84071553" hostid="261"></div>There could be a variety of reasons behind bitcoin's decline, Justin d'Anethan, head of sales at crypto-trading firm Eqonex, told Insider. These include the huge sell-off in the cryptocurrency in May and the reduction in hashing power of bitcoin miners from China's mining crackdown, he noted."This, coupled with the rise of ethereum and its utility, would have contributed to ethereum overtaking bitcoin in terms of the number of active addresses," d'Anethan said. The Chinese ban is estimated to have closed more than 90% of bitcoin <a href="https://markets.businessinsider.com/currencies/news/bitcoin-price-btc-china-mining-crackdown-sichuan-cryptocurrencies-ether-2021-6-1030538480">mining</a> operations. Ether production was also hit, but any impact is seen as mitigated by the coming 2022 upgrade to <keyword id="11061979" type="UNKNOWN" weightage="60" keywordseo="ethereum-2-0">ethereum 2.0</keyword>, which does not <a href="https://markets.businessinsider.com/currencies/news/china-crypto-crackdown-ether-led-to-23-decline-in-mining-2021-6-1030568491">require mining</a>. The slide in active addresses is a sign that demand for bitcoin is fading quickly, as more people sell the cryptocurrency. At the same time, traders may be waiting to buy the dip. That's a bearish trend for the cryptocurrency's price, some market commentators said.The price of bitcoin has fallen around 50% since its mid-April peak of $64,829, trading at around $33,482 on Friday morning. Over the same period, the ether token ether has declined by 11% to around $2,039, and is down more than 50% on its own record high of $4,380 in May.Some experts see ethereum as <a href="https://markets.businessinsider.com/currencies/news/ether-versus-bitcoin-price-crypto-analysis-experts-why-2021-4-1030358382">poised to break out</a>, given the ease of use of its token and the flexibility of the technology underpinning the network. The decentralized platform is also being used for <a href="https://www.businessinsider.com/how-smart-contracts-can-work-2018-10">"smart contracts"</a> and applications that are therefor hard to tamper with."Ethereum is and always has been the platform of choice for building smart contracts, due to the maturity of its ecosystem. To this end, ethereum has been the platform of choice for building decentralized applications upon," d'Anethan said. The range of decentralized finance, or DeFi, apps runs from savings, lending, trading, asset management, and insurance, to creative media like art and music with NFTs, to gaming worlds and their collectiblesThere has been a high rate of adoption of such decentralized finance, or DeFi, applications by companies such as Compound, UniSwap and SushiSwap, d'Anethan noted. These apps are typically built on ethereum, so this has pushed up the number of its active addresses, he explained. "Ethereum addresses empower people to be an economic agent in a digital world," Lex Sokolin, a head economist at blockchain company ConsenSys, told Insider.

Ethereum now has more active addresses than bitcoin in a sign traders are turning bearish on the world's biggest cryptocurrency

<ul class="summary-list"><li>Bitcoin and ether bounced back on Monday, recovering somewhat after Friday's steep sell-off. </li><li>A small decentralized reserve token known as "omicron" surged as focus on the new COVID-19 intensified. </li><li>South Africa detected the "omicron" variant of Covid-19 last week, initially sparking a sell-off in <keyword id="11893898" type="UNKNOWN" weightage="60" keywordseo="crypto" source="Orion">crypto</keyword>.</li></ul> <ul class="summary-list"></ul><keyword id="11895317" type="UNKNOWN" weightage="60" keywordseo="cryptocurrencies" source="Orion">Cryptocurrencies</keyword> staged a sharp recovery on Monday, bouncing back from the steep sell-off late last week, when the "Omicron" variant of COVID-19 emerged, spooking investors and pummelling financial <keyword id="11893875" type="UNKNOWN" weightage="100" keywordseo="markets" source="Orion">markets</keyword>. Meanwhile, a mysterious token with the same name as the new variant surged in value.Bitcoin rose 4.8% in 24 hours to stand at $57,136.17 by 07:52 a.m. ET Monday, having fallen by as much as 8% at one point on Friday, according to CoinGecko. Ether rose 5% in 24 hours to stand at $4,313.26, recovering from Friday's 11% drop. The Omicron variant was first detected in South Africa last week. Since then, cases have begun to emerge in a number of countries outside the region and a number of governments including the UK and Israel have scrambled to restrict certain travel. News of the variant on Friday hit risk assets including crypto, as investors rushed for the safety of the likes of gold. News that the Omicron variant was more transmissible sparked concerns last week. The South African doctor who first spotted the new covid variant, told the <a href="https://www.bbc.co.uk/news/av/uk-59450988">BBC </a>Sunday patients who had caught it had "extremely mild symptoms" but more time would need to pass until it is clear how the disease will impact vulnerable people. By Monday, with still little in the way of hard evidence as to how easily transmissible the variant was, investors reassessed the threat omicron may pose to the economy and edged back into cryptocurrencies and stocks."Like gold, Bitcoin is being used as a hedge against global uncertainty in the world," Adrian Pollard, ​​Chief Product Officer to HollaEx, a crypto exchange software company, told Insider.In the meantime, a little-known decentralized <a href="https://docs.omic.finance/">reserve currency</a> named omicron surged by almost 70% on the day and by 900% on the week, as trader focus on the new COVID-19 intensified. According to the developers' website, the token is backed by a basket of assets that includes stablecoin USDC and is only listed on SushiSwap."Omicron is a clear sign of a bubble, and while it might be a good way to make a quick return, it is not a good buying option for the long term investors," Freddie Evans, Sales Trader at UK based digital asset broker <a href="https://www.globalblock.co.uk/">GlobalBlock</a> told insider. "With the founders of the coin being unknown, it is also at risk of a rug pull, the likes of which we saw with Squid Game coin last month," he said. In a rug pull, the developers abandon a project and take the proceeds. The most recent example was the <a href="https://markets.businessinsider.com/news/currencies/the-squid-game-token-scam-website-socials-offline-coingecko-crypto-2021-11">Squid Game token,</a> whose creators <a href="https://www.bbc.co.uk/news/business-59129466#:~:text=This%20kind%20of%20scam%20is,according%20to%20technology%20website%20Gizmodo.">ran away </a>with an estimated $3.38 million after having pumped the token up. "We have a list of criteria that we check against for all cryptocurrencies that request for listings. We don't publish the exact criteria otherwise it will be gamed. Omicron passes the criteria and hence it is listed," Bobby Ong co-founder of CoinGecko said. According to its website the omic token already existed before the emergence of the omicron variant last week. CoinGecko has been tracking it since November 11. The coin has a <a href="https://omic.finance/">website</a>, <a href="https://twitter.com/OmicDAO">twitter </a>account and <a href="https://discord.com/invite/EAdCtsRTxs">discord </a>account. But little else is known about it."Another risk is associated with the fact that such coins are traded on decentralized exchanges, where no one checks the source of their origin, which means that they can vanish as quickly as they appear," Lei Wang, Co-founder &amp; CEO of Kine Protocol, decentralized derivatives trading platform, told Insider. Other more popular altcoins like solana's sol rose by 7.6%, while cardano's ada climbed by 3.5%. Metaverse tokens such as Decentraland's mana rose 5% and Sandbox's sand jumped 8% Monday.

Cryptocurrencies recover from last week's sell-off as traders mull the impact of a new variant, while little-known 'omicron' coin soars

<ul><li><keyword id="12360262" type="General" weightage="20" keywordseo="mars4" source="Orion">Mars4</keyword> is new <keyword id="11121339" type="General" weightage="20" keywordseo="metaverse" source="Orion">metaverse</keyword> based on <keyword id="2810876" type="General" weightage="20" keywordseo="ethereum" source="Orion">Ethereum</keyword> that will let users buy plots of land on the Red Planet in form of non-fungible tokens (NFTs).</li><li>The metaverse has been built on a 3D map of Mars’ terrain from NASA.</li><li>The game, not unlike <keyword id="12222085" type="General" weightage="20" keywordseo="decentraland" source="Orion">Decentraland</keyword> or <keyword id="12166193" type="General" weightage="20" keywordseo="the-sandbox" source="Orion">The Sandbox</keyword>, is looking to fill a void where, according to international law, nobody can claim ownership of Mars or of land on Mars, or do so with any other celestial body. </li></ul>There’s a new metaverse in town, and it wants you to buy land on the fourth rock from the Sun — Mars. International <keyword id="969183" type="General" weightage="20" keywordseo="space-law" source="Orion">space law</keyword> prohibits anyone from actually having land rights in space, but the blockchain-based <a href="https://www.mars4.me/">Mars4 metaverse</a> is looking to bend that law in the virtual world using <a href="http://coindcx.com">Ethereum</a>. “Best components of Axie Infinity and Decentraland,” is how the company describes itself. The Mars 4 metaverse also <a href="https://2bf9dbcc-9954-4812-b730-74d16a9a4980.filesusr.com/ugd/23ded4_33ffcac3c7b5479fad63bbd51f3bd278.pdf">claims</a> to be the first blockchain project that allows people who buy plots of land on the Red Planet to earn passive income through their non-fungible tokens (NFTs), kind of like rent. But, that feature will only go live once the game launches next year. The developers are hoping to open doors between January to March 2022, provided the hype behind NFTs doesn’t die out by then. <cmsannotation type="cmsannotation" annotationid="What does owning land on Mars look like?" comment="subhead" text="What does owning land on Mars look like?">What does owning land on Mars look like?</cmsannotation> The team behind the Mars4 project modeled the metaverse using a 3D map of Mars’ terrain from NASA, so it’s about as accurate as it can be given what we know about Earth’s next-door neighbour. And, the entire planet has been divided into 99,888 unique plots, each represented by a unique <keyword id="4668945" type="General" weightage="20" keywordseo="nft" source="Orion">NFT</keyword>. In that sense, the metaverse isn’t unlike The Sandbox or Decentraland — it’s just not based on Earth. Users can bid for these plots once they go up for sale using the Mars4 cryptocurrency, which can be bought on crypto exchanges SushiSwap or Bittrex. <cmsannotation type="cmsannotation" annotationid="How do you make passive income by simply owning land on Mars?" comment="subhead" text="How do you make passive income by simply owning land on Mars?">How do you make passive income by simply owning land on Mars?</cmsannotation> NFTs are like the deed to your land. They represent ownership. The second aspect of the tokenomics on Mars4 are the MARS4 dollars. There’s an initial supply of 4 billion MARS4 tokens. A third of this supply will be used to mint the NFT land plots. The rest is up for grabs by users. The tokens can be used to change the name of your property, build new avatars, set up branding and other in-game assets. According to the developers behind the metaverse, owners of land on Mars will be able to put their NFTs — deeds of ownership — for staking and liquidity mining, resulting in returns in MARS4 tokens. Just like in The Sandbox, and in real life, the more people who buy property on Mars, the higher the price becomes for the plots of land still available. Simply put, as the supply reduces, prices get higher — economics 101. <cmsannotation type="cmsannotation" annotationid="Another world based on another planet" comment="subhead" text="Another world based on another planet">Another world based on another planet</cmsannotation> Looking at the white paper, the project doesn’t sound like anything more than a Mars-version of <keyword id="6355629" type="General" weightage="20" keywordseo="google" source="Orion">Google</keyword>’s Earth 3D — at least visually. Its tokenomics of NFTs representing land on the Red Planet, aspects of gamification and token redistribution aren’t groundbreaking either. That being said, other metaverse projects like The Sandbox, Decentraland, Axie Infinity and Alien World have gone on to become unicorns. The success of Mars4 depends on how excited users are about Mars and how well the metaverse can cater to the fantasy of living on another planet. According to international law, nobody can claim ownership of Mars or of land on Mars, or do so with any other celestial body. Even the US’ recent SPACE Act says that private companies will be able to set up shop on Mars, mine it and lay claim to those resources, but won’t be able to own the land. So giving fans a sense of ownership, even if it’s just online, just fulfil a demand gap. It’s a little surprising that tech billionaire and SpaceX CEO Elon Musk did not come up with the idea first considering his love for the Red Planet and cryptocurrencies alike.

This Ethereum-based metaverse is letting crypto fans own land on the Red Planet, even though international space laws would disagree

<ul class="summary-list"><li>As investors head into the fourth quarter, <keyword id="11961769" type="UNKNOWN" weightage="60" keywordseo="altcoins" source="Orion">altcoins</keyword> to watch include Avalanche, Boost and Polygon.</li><li>Investors will sharpen their focus on real-world applications offered by blockchain networks. </li><li>The overall <keyword id="11892695" type="UNKNOWN" weightage="60" keywordseo="cryptocurrency" source="Orion">cryptocurrency</keyword> market cap is again approaching the $2 trillion mark. </li></ul>Growth around non-fungible tokens and decentralized finance helped prices for some altcoins soar during the third quarter, and investors are looking for the next breakout as the fourth quarter begins.The global cryptocurrency market is again approaching the $2 trillion mark, as prices for Cardano's ada, solana and other altcoins have taken off, with cardano ada now the third most-traded crypto.Now in the months ahead, investors will sharpen their focus on the benefits and shortfalls emerging from recent speed and efficiency upgrades on the blockchain networks of key altcoins, Ed Moya, senior currency analyst at Oanda, told Insider. "Everyone has been focused on which altcoins are going to address that scalability concern that you have with ethereum and bitcoin," he said. "People have to understand which businesses are going to be the leaders in NFTs or smart contracts," and other operations, he said. "I think that's where the market is and education takes some time. The industry is ripe for consolidation." Here are six altcoins (in alphabetical order) experts tell Insider they'll be watching during the fourth quarter and beyond:1) Avalanche (AVAX) Market Capitalization: $14.5 billion Year-to-date performance: Up 1954% at $65.94The blockchain <a href="https://www.businessinsider.com/altcoins-to-watch-in-the-avalanche-ecosystem-crypto-traders-analysts-2021-10">developed by Ava Labs</a> is a smart contracts platform for decentralized applications and its AVAX token began trading on Coinbase Pro this past week.Avalanche "is way faster than ethereum and it wants to be even faster, which is great because I think that's very important when it comes to finance and DeFi projects and applications," Tally Greenberg, head of business development at Allnodes, told Insider."It's a promising technology that basically does more for less," she said, adding that it uses a proof-of-stake system that's more energy-efficient than a proof-of-work one based on mining, she said. Steve Ehrlich, founder and CEO of cryptocurrency-asset broker Voyager Digital, told Insider he sees Avalanche as a viable alternative to ethereum. "As soon as they start adding some projects and art on their NFT network, you'll start to see a lot more consumers buying and selling NFTs," on Avalanche, he said.Ehrlich said Avalanche, as well as solana and cardano, are cheaper alternatives to ethereum, which has high fees for conducting transactions.2) <keyword id="12229631" type="UNKNOWN" weightage="60" keywordseo="boost-coin" source="Orion">Boost Coin</keyword> Fully diluted market capitalization: $53 million Year-to-date performance: Up 293% to $0.0505Launched in August, <a href="https://boostco.in/faq/">Boost Coin</a> fuels the Boost ecosystem that's centered on decentralized finance tools. Boost Swap, a decentralized exchange, is the first tool, with the company behind it saying it's similar to crypto exchanges Uniswap, SushiSwap, and PancakeSwap.Decentralized exchanges, or DEXs, offer a peer-to-peer platform where <a href="https://markets.businessinsider.com/news/currencies/china-crypto-ban-uniswap-sushiswap-dxdy-decentralized-exchanges-tokens-ether-2021-9">parties use smart contracts to execute their trades</a> and don't rely on intermediaries such as clearing houses."There's a lot of value in the exchanges market," Dr. Don Basile, CEO of Monsoon Blockchain, told Insider, highlighted in part by this year's trading debut of <a href="https://markets.businessinsider.com/stocks/coin-stock">Coinbase</a>, now a $48 billion centralized crypto exchange.Boost's approach to connect buyers and sellers without a centralized entity is a "potentially disruptive idea," he said.Boost can be acquired by exchanging ethereum for it using Uniswap or Boost Swap. But Basile said it's too early to say whether its price is undervalued or overvalued as the coin is just a few weeks old.Meanwhile, Basile is also the founder of <a href="https://bitcoinlatinum.com/" target="_blank" rel="noopener noreferrer">Bitcoin Latinum</a>, which is expected to begin trading around the week of October 21. The energy-efficient cryptocurrency is aimed at delivering faster transaction speeds and lower costs to high-growth <keyword id="11893875" type="UNKNOWN" weightage="100" keywordseo="markets" source="Orion">markets</keyword> such as media and gaming.<a href="https://markets.businessinsider.com/currencies/ada-usd">3) Cardano ada</a> Market Capitalization: $69.3 billion Year-to-date performance: Up 1092% at $2.16Cardano's profile and that of its ada token, have boomed in recent months. The network last month ran its alonzo upgrade that brought <a href="https://markets.businessinsider.com/news/currencies/cardano-ada-alonzo-upgrade-defi-smart-contracts-charles-hoskinson-2021-9">smart contract capability to its network</a>, a move that could bolster its competitiveness with ethereum."A lot of our customers hold a lot of cardano on our platform so we see quite an increase of people being interested," in the network, Ehrlich said. And after recently being introduced to "some pretty cool" art built on Cardano, he thinks the network will make some headway soon in the NFT space. Moya sees a lot of investors mixed on Cardano ada after its price climbed to $3. But he added, "There are still a lot of institutional players that are eyeing it as interesting altcoin to hold."4) Crypto.com Coin CRO Market Capitalization: $4.2 billion Year-to-date performance: Up 183% at $0.16531<a href="https://crypto.com/price/crypto-com-coin">Crypto.com</a> is a cryptocurrency exchange and consumer financial services company whose Coin serves as the token for Crypto.com's Chain, a decentralized open-source blockchain launched in March. CRO is used for staking, payments, and settlements, said Greenberg, who thinks CRO is undervalued."It's in use on a daily basis," in part through Crypto.com's prepaid Visa card and Crypto.com, she said, adding that its Chain network has a sustainability goal of becoming carbon negative by next year. <a href="https://markets.businessinsider.com/currencies/doge-usd">5) Dogecoin</a> Market Capitalization: $27.3 billion Year-to-date performance: Up 4307% at $0.2064Oanda's Moya put the hugely popular meme coin on his watch list to see if it eventually crashes, which he thinks would actually be a positive sign."There are too many coins that don't have the financing, that don't have the infrastructure in place to be a legitimate investment," he said. "It's hard to go from a meme coin to a legitimate coin." Tesla boss Elon Musk in August backed billionaire investor Mark Cuban's claim that dogecoin is the <a href="https://www.businessinsider.in/cryptocurrency/news/elon-musk-backs-mark-cubans-claim-that-dogecoin-is-the-best-cryptocurrency-as-a-medium-of-exchange/articleshow/85349880.cms">strongest cryptocurrency as a medium of exchange</a>. Cuban's NBA team, the Dallas Mavericks, <a href="https://twitter.com/mcuban/status/1426029215292530692?s=20">accepts dogecoin as a payment vehicle</a>. 6) Polygon (previously MATIC) Market Capitalization: $7.6 billion Year-to-date performance: Down 27% at $1.236<a href="https://polygon.technology/">Polygon</a> is designed to scale ethereum chains and develop the blockchain's infrastructure. It's <a href="https://markets.businessinsider.com/news/currencies/mark-cuban-invests-polygon-ethereum-crypto-platform-2021-5">caught the eye of Mark Cuban</a> who earlier this year added the platform to his investment portfolio.Polygon, originally called Matic, created the Matic token that's used on transactions on the network. Matic is also among the roughly 40 altcoins on the watch list for Allnodes' Greenberg. She sees Matic as undervalued as it has low network fees and just enough volatility to benefit trading."For those who are looking for a less aggressive investment strategy, there's a staking opportunity. So it's a well-round blockchain and cryptocurrency."Polygon uses the proof-of-stake system of <a href="https://markets.businessinsider.com/news/currencies/proof-of-stake-exchange-coins-outperformed-crypto-market-goldman-sachs-2021-8">securing a cryptocurrency's network</a> under which users put forward or "stake" some of their coins to gain the right to verify transactions and, in exchange, earn more coins. Greenberg said users recently could make an annual return of 13.65% on their investments, "which is huge."

You Searched For "sushiswap" and got 9 results

Public has added 10 more cryptocurrencies as trading app-users clamor for altcoins - Shiba Inu and Avalanche made the cut

Natasha Dailey

Cryptocurrencies recover from last week's China-led selloff, while decentralized exchange tokens sushi and uniswap surge by as much as 37%

Camomile Shumba

China's ban on crypto has sent traders piling into decentralized exchanges. Here's a look at what DEX is and what tokens to watch

Camomile Shumba

A little known altcoin called omicron is surging as the new coronavirus variant makes headlines

Isabelle Lee

The DAO that wants to free Julian Assange just won the bid for a $53 million NFT that will be used to fund the WikiLeaks founder's legal defense

Isabelle Lee

Ethereum now has more active addresses than bitcoin in a sign traders are turning bearish on the world's biggest cryptocurrency

Camomile Shumba

Cryptocurrencies recover from last week's sell-off as traders mull the impact of a new variant, while little-known 'omicron' coin soars

Camomile Shumba

This Ethereum-based metaverse is letting crypto fans own land on the Red Planet, even though international space laws would disagree

Prabhjote Gill

Here are 6 altcoins experts are watching as the 4th quarter kicks off

Carla Mozée

Popular Keywords

Buying Guides