The cryptocurrency niche NFT has gained a lot of traction in the past few years. It is no surprise to see NFTs collaborating with the virtual ecosystem which the industry now calls metaverse. Recently, Polkadot announced that its launchpad platform Polkastarter will start offering real estate land sales. Read more on what Metaverse land sale is below and how easily you can participate in the same.
While the Indian community is still skeptical about the cryptocurrency space, big banks such as Morgan Stanley have been deepening their legs into the crypto space. The leading investment bank, Morgan Stanley has been expanding its crypto wings with the help of Grayscale Bitcoin Trust. One of the SEC filings, also revealed that the bank has drastically increased its holdings in the trust last summer. Read more on what Morgan Stanley is up to in the detailed news section.
In the mere 12 years of its existence, Bitcoin has already surpassed PayPal in its dollar holdings by value and is estimated to overtake Mastercard by 2026. It already processes 27% of what Mastercard does per quarter. Do you think Bitcoin will surpass Mastercard anytime soon? Read in detail below.
Before we feed ourselves with the latest happenings around the crypto sector let’s explore the top gainers and losers for the day.
Crypto Market Trend November 26, 2021
Top 3 Crypto Gainers
|Cryptocurrency||Price (latest by November 26, 2021)||Change in %|
|Basic Attention Token (BAT)||₹133.50||46.97%|
*Prices are latest by 10:30 AM, November 26,2021*
Top 3 Crypto Losers
|Cryptocurrency||Price (Latest by November 26, 2021)||Change in %|
|The Sandbox (SAND)||₹555.46||5%|
*Prices are latest by 10:30 AM, November 26,2021*
Daily Crypto News Nov 26, 2021
Polkadot’s launchpad platform Polkastarter, yesterday announced that it will start offering real estate land sales. According to the announcement, the first NFT metaverse Land sale will begin next week on Polkastarter allowing users to buy the best real estate deals on the metaverse projects. Given the rise in popularity of the NFT sector, it was evident that virtual ecosystems and NFTs will collaborate someday. Polkastarter was one of the first to help users enjoy an easy and seamless process to participate in what the industry now calls metaverse. Read more on metaverse land sale on polkastarter.
The leading investment bank, Morgan Stanley has again deepened its legs into the crypto sector through Grayscale Bitcoin Trust. Morgan Stanley has been invested with the trust for a while now through various funds. In one of the recent SEC filings, the bank disclosed that it had drastically increased its holdings in the trust over the last summer. While the broader market was still in panic due to the low prices, it seemed that this wealth management firm has been filling up its bags.
Another tweet from MacroScope revealed that the megabank just not deepened its legs into the crypto sector but also widened its exposure in Bitcoin by spreading its holdings in additional funds. Read more on Morgan Stanley’s deepened crypto exposure and why the megabank thinks Bitcoin is the future.
It is no surprise to see that the Bitcoin network already holds more volume by dollar value than Paypal and it could easily overtake MasterCard by 2026. According to a report from Blockdata, a market intelligence platform reveals that the Bitcoin network processed about $489 billion per quarter in 2021 which is, much higher than Paypal’s $302 billion. In just 12 years of existence, Bitcoin processes around 27% of what Mastercard does per quarter and 15% of Visa’s $3.2 trillion. Do you think Bitcoin can overtake MasterCard and Visa anytime soon? Read more on what the report says about Bitcoin overtaking Paypal and Mastercard.
The crypto carnival comes to an end today on CoinDCX. The last day of the listing carnival on CoinDCX lists Helium, Chromia, and ICX. Read about them below.
Know your Coin Better
- Helium (HNT)
|Helium (HNT) is a decentralized network for the Internet of Things (IoT) devices backed by a blockchain-based network.|
|It enables low-powered wireless devices to communicate with each other and transfer data across the network of nodes.|
|The primary goal of Helium is to prepare IoT communication for the future and the identification of the current inadequacies in the infrastructure.|
- Chromia (CHR)
|Chromia is an open-source public blockchain with its native token Chroma (CHR).|
|A variety of applications have been already built on their blockchain network using their chain as Layer-2 enhancements and decentralized storage layer.|
|A new enhanced feature of this blockchain protocol is a new NFT standard called Chromia Originals that will operate both on the native Chromia’s chain as well as on the existing ERC-721 and BEP-721 tokens.|
- ICON (ICX)
|Icon is a decentralized blockchain network focusing on interoperability.|
|Describing itself as a general-purpose blockchain protocol with its native cryptocurrency ICX, it can run on smart contracts, can use an economic-governance protocol called DPoC (Delegated proof-of-contribution), and can even adopt BFT-DPoS (Delegated Proof-of-stake).|
|It is powered by a loop chain, a blockchain designed by ICONLOOP which is responsible for loop chains enterprise and government adoption in South Korea. It is Seoul Metropolitan Government’s standard blockchain platform.|