NEM and Decred top weekly top as market rallies

During the week from November 28 to December 5, the market experienced a recovery compared to the previous seven days. Around 85% of cryptocurrencies see growth in their prices and achieve increases of around 40%, according to statistics from Coin Check Up.

The most appreciated cryptocurrencies in these seven days are led by NEM (XEM), with its new platform for staking that connects to Ethereum; and Decred (DCR), in whose community the use of the new DCRDEX exchange stands out.

The list of the most outstanding crypto assets of the week is completed with Siacoin (SC), which partnered with Gitcoin and the Open Web Collective; Y Litecoin (LC) with your new registration for your Visa card. Also included Waves (Waves), which partnered with an anti-money laundering firm.

As for Bitcoin, the cryptocurrency regains the upward trend that it had slightly lost and is positioned above $ 19,000 again. For many, on November 30 the cryptocurrency broke its all-time high, although this depends on the exchange to which it is referenced. It thus touched $ 19,800 in value on some of the exchange sites. On average the BTC’s weekly rise was 10%.

The price of Ether (ETH) rose significantly, ranging between $ 532 and $ 632, for an average increase of 12%. This week phase 0 of Ethereum 2.0 started and the genesis block was created in the Beacon Chain. This is the first step to transition from Proof of Work (PoW) consensus to Proof of Stake (PoS).

The prices of other relevant cryptocurrencies on the market again they have ups and downs. Litecoin (LTC) rises around 16% and is in the weekly top; Ethereum Classic (ETC) loses 2.4%; and Ripple’s XRP drops 2.7%.

NEM launches new platform for staking

This week NEM Group revealed that, by December 7, it will launch a platform to link its existing ERC-20 asset (Wrapped XEM). The plan is for it to serve as a bridge to the Ethereum blockchain. In the framework of the dissemination of this information, XEM began to rise significantly from December 4. Its rise is estimated at 39.6%.

The launch is done in association with StakeHound, with a view to generating a liquidity bridge with the DeFi ecosystem on Ethereum. In this way, current holders of XEM and, in the future of Symbol XYM, will be able to obtain returns and rewards for staking on the new platform, called StakedXEM.

The Wrapped XEM token was launched on the Ethereum blockchain recently in order to open the way for its users to the DeFi ecosystem. Community It is also awaiting the launch of its new Symbol platform.

The value of XEM peaked at 0.2757 on December 5. The market capitalization is $ 2.32 billion and the trade in the last 24 hours is $ 262 million.

This December 7 NEM will launch the StakedXEM platform. Source: Coin Check Up.

Decred’s decentralized exchange increases interest in DCR

With a weekly rise of almost 20%, Decred is placed in the second place of the weekly top. This in the midst of sustained growth that has been observed for a month. Based on analysis by the team and community members, this growth appears to be related to the launch of the decentralized exchange DCRDEX in early November.

In the opinion of the Decred en español team, DCRDEX has caught the attention of traders by offering an alternative without KYC (rules for knowing the client), without intermediaries and without commissions.

Simultaneously, the DCR cryptocurrency has been moving in these seven days between a low of USD 21.82 on November 28, and a maximum of USD 40.09 on November 3.

Cryptocurrency reached its highest price of the year since its fall in March 2020. Since then DCR has risen more than 100% and was in the weekly top several times in October. To date, DCR’s market capitalization is $ 326.2 million and 24-hour trading volume is $ 8.7 million.

The value of DCR has risen more than 100% since its fall in March 2020. Source: Coin Check Up.

Siacoin partners with Gitcoin to support developers

On November 30, Sia’s team announced their partnership with Gitcoin and Open Web Collective (Near). The idea is to support the development of next-generation applications to be built on the Skynet network. Meanwhile, the network’s native cryptocurrency, SC, had a growth estimated at 18%.

Siacoin’s plan is to go beyond what’s on offer with hackathons: scholarships, accelerators, incubators. So they plan to provide additional opportunities, according to Sia’s blog. Thus, help developers strengthen their products, lay the groundwork for your launch, gain exposure and guidance from the wider Web3 community, “and potentially raise funds.”

SC’s value peaked at $ 0.0044 on December 4. Although there was a slight fall that same day, the rise was sustained to date and, despite slight corrections, the price rose by more than 2.4% in the last 24 hours.

At the end of this report, SC’s market capitalization is USD 163.4 million and the daily trade volume is USD 11 million.

Siacoin ranks third in the top, gaining around 18% in seven days. Source: Coin Check Up.

Litecoin reopens registration for your Visa card

Litecoin’s first native Visa debit card (LTC) began offering its users last August. At that time the creator of Litecoin, Charlie Lee, explained that the launch was made with the support of the company BlockCard. Now, the Litecoin team opens a new registration period for the interested in obtaining the card who are US residents. After the announcement, on November 30, the cryptocurrency achieved a rise that to date reaches 16%.

Lee notes that while there are other debit cards available that support Litecoin, this one is only for LTC financing. In that sense, in this Visa the funds are kept in the cryptocurrency. The new product also allows users to make deposits in twelve cryptocurrencies, including the major stablecoins.

The price of LTC reached a peak of $ 91.8 on December 1. Despite registering a decline on the 5th of this month, in the last hours a new upward movement has been observed. The market capitalization is USD 5.48 billion and the daily trading volume is USD 5.56 billion.

Registration for the Litecoin Visa card opened for US residents Source: Coin Check Up.

Waves partners with anti-money laundering platform

According to a post, Waves partnered with RegTech provider Coinfirm for anti-money laundering (AML) and CFT (anti-terrorist financing). The announcement was made on December 3, as the price of the cryptocurrency increased by 14%.

The idea is for Waves to use the Coinfirm platform to incorporate the compliance tools and analytics necessary to ensure that business entities transacting on the network comply with AML regulations around the world.

Meanwhile, the price of Waves has been on the rise since November 29, reaching a maximum of USD 7.58 on the 4th. The market capitalization of the cryptocurrency is USD 783 million and its daily trade volume is of USD 120 million.

The price of waves increased by 14% in these seven days. Source: Coin Check Up.