Today we have a Daily Token Review and three really awesome cryptocurrency news segments to share with you.
Now on CoinMarketCap, the cryptocurrency market has really surged and sprung to life. As you guys can see here, for the top 10 cryptocurrencies, there is a significant increase in value for all the tokens, aside our stablecoin Tether. Now when we scroll down to observe the top 20, you can also see this trend continue. While there are major increases, not everyone is in double digit surges. The cryptocurrency market has been quite stable in the last few months with Bitcoin remaining under the $4,000 mark for several months.
According to CryptoNews, Mati Greenspan, a senior analyst at eToro, a social trading platform mentioned that “judging by the timing, it looks like the pump originated in Japan or South Korea.” Tim Alper, CryptoNews correspondent in South Korea noted that “the economy is slowing down fast in South Korea and Japan, and the stock market is stagnant, so people are prepared to give crypto a second chance.”
Bloomberg suggested that, Bitcoin’s ability to surpass the $4,200 point could be the major catalyst to the bullish market. There was also an April Fool’s Day story on Finance Magnates that the SEC has Dropped the Bomb and is now approving the Bitcoin ETF.
Now, moving onto the Ethereum 2.0 TestNet. According to InvestInBlockchain Ethereum is now blessed with a Testnet 2.0, allowing the network to test the proof of Stake upgrade.
And finally, Coinbase has quietly launched their XRP payment Service. Here, users can send USDC and XRP across borders virtually instantly to Coinbase support nations, which can then be converted to local currency.
So what are your thoughts on this situation guys?
Why do you think the market suddenly rallied?
Are you excited about the Ethereum 2.0 Test Net?
And are you going to use Coinbase’s new XRP and USDC Payment Service?
Let me know what you guys think in the comments below!
It’s Cindy with CryptoPig, Catch you guys around!
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