As of February 18, Bitcoin, which is the cryptocurrency with the largest market capitalization, saw an increase of 2.93% and was trading at $24836. Meanwhile, Ethereum gained 1.87% and was trading at around $1711.26.
In recent days, there has been a significant increase in the values of Bitcoin (BTC) and Ethereum (ETH), adding almost 5% of their value. This positive price movement has been well received by cryptocurrency investors and enthusiasts alike, as the crypto market was bearish for several weeks.
Globally the largest cryptocurrency Bitcoin (BTC) surged above $24,000 and showed a steady rise throughout the day, despite speculations about a possible interest rate hike by the Federal Reserve due to recent economic data in the United States. . Concurrently, the second largest cryptocurrency, Ethereum, has also posted significant gains and is currently trading above $1,700.
crypto news
The world of cryptocurrency has developed substantially in recent years, successfully attracting potential investors from around the world. Recently, the industry has experienced a phenomenal growth and popularity, scaling new heights of success. The top crypto projects and startups originating in India are as follows-
WazirX, founded by Nischal Shetty in December 2017, is one of the leading cryptocurrency exchanges in India, and has established itself as a market leader among international cryptocurrency exchanges and trading platforms.
Polygon, formerly known as Matic Network, aims to solve issues such as instant block generation and scalability with blockchain technology.
Sigzy, founded in Bangalore in 2015 by Arpit Ratan, Ankit Ratan and Ankur Pandey, combines blockchain and artificial intelligence to provide a user-friendly, secure and compliant virtual banking infrastructure.
CoinDCX offers the highest liquidity from top international cryptocurrency exchanges and enables customers to quickly buy and trade over 100 coins using INR.
EasyFi Network, founded by Ankit Gaur in 2020, is developing an architecture for programmers to build their own lending DApps that provide highly collateralized loans.
Somish, one of India’s fastest growing IT firms, has been investigating blockchain technology since 2016 and has worked with Fortune 500 governments, corporations and entrepreneurs to build award-winning solutions.
InstaDapp, based on Ethereum and built using Decentralized Finance (DeFi), was founded by Somay Jain in Bangalore and is the most sophisticated platform in the world that has started using DeFi fully.
Chingari, founded in 2018 by Biswatma Nayak and Sumit Ghosh, is migrating its entire platform to the Solana blockchain network in 2021 and has developed its own cryptocurrency, the GARI token.
Here are the major cryptocurrencies trading on February 17, 2023 at 9 AM:
Bitcoin: $24,876.13 USD
+0.52%
Ethereum: $1,714.35 USD
-0.06%
Tether: $1.02
+0.01%
USD Coin: $1.00
-0.01%
BNB:$318.91
-0.04%
XRP: $0.3964
-0.69%
Dogecoin: $0.09016
+0.80%
Cardano: $0.408
-0.21%
Polygon: $1.52
-3.22%
Polkadot: $7.32
-1.26%
Tron: $0.06981
-0.54%
Litecoin: $101.26
-0.90%
Shibu Inu: $0.00001336
-0.69%