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Daily Crypto News Dec 3, 2021: Top 3 Crypto Updates for Today

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Wondering what’s in for the daily crypto news today? Tron founder, Justin Sun gets himself a brand new Joker-inspired NFT for $15 million. While this new NFT became the most expensive Tron-based NFT yesterday, Polygon has been expanding its ecosystem quite aggressively and this expanding ecosystem is believed to be one of the key factors responsible for the new ATH of MATIC as anticipated by experts. 

If you are an Ethereum lover and have been waiting for the long-awaited merger and ETH2.0, your wait seems to come to an end as the ETH 2.0 developers call for a community testing of the beacon chain. 

Quick Crypto News Roundup! 

 Daily Crypto News  Dec 3, 2021

Polygon’s expanding ecosystem backs MATIC’s rise towards a new ATH 

Ethereum has always been a topic of discussion and now its Layer 2 solutions have started to gain much-needed attention. The exponential growth in the decentralized finance (DeFi) and the non-fungible token (NFT) sector also contributed to the cost of carrying out simple transactions prompting the developers to migrate to a better and more supportive platform such as L2. 

One such L2 token, Polygon (MATIC) is ready for a new ATH, as speculated by experts after performing pretty well for the entire year. MATIC had hit a low of $1.01 on September 2021 however, has shown steady growth over the months crossing the $2 mark on December 1, 2021.

Deep dive into Polygon’s Technical analysis 2021

The ecosystem of the polygon is expanding at a steady pace and this is evident from the fact that there has been a considerable increase in the protocol launches, polygon-focused exchange-traded product (ETP), cross-chain migrations, and a steady increase in user activity. Is MATIC ready for a new breakout? Read about Polygon’s expanding ecosystem in detail and what it holds for the users in the future. 

Source: Cointelegraph 

Justin Sun, the founder of Tron, purchased Joker inspired BAYCTron for $15 million 

Justin Sun, founder of the Tron protocol has purchased a Joker-inspired artwork by BAYCTron. It is one of the most popular as well as the first NFT collections on the blockchain today. The amount for which Justin Sun bought the NFT was as high as $15 million or 150,000,000TRX. 

With such a high amount, BAYCT #6666 has become the most expensive NFT sale on the Tron platform to date. Justin Sun is a huge believer in the NFT or the digital art sector and considers non-fungible tokens as the enablers of development. Although this sudden purchase of the NFT art took the entire BAYCTron community by surprise however everyone in the community was aware that this NFT was one of his favorites. Read more about Justin Sun’s detailed purchase and what makes this Joker-inspired NFT so special in detail. 

Source: News BTC

ETH2 developers call on to the community to help test the long-awaited merge 

Ethereum lovers have been anticipating the launch and complete merge of ETH 2.0 for quite some time now. The D-day seems closer now as Ethereum developers call upon the community, both technical and non-technical users to test the Beacon Chain merge. 

Did you know Ethereum recently had an Altair upgrade? 

Ethereum developers have asked the community to test the merge between Ethereum mainnet and the Proof-of-stake (PoS) based Beacon chain. It is one of the biggest milestones Ethereum has been eyeing for the past year. This milestone will fasten the migration from Ethereum to Ethereum 2.0 and from PoW to PoS. This will also lead to a decrease in energy consumption by 99%. 

Read what the Ethereum 2.0 developers have to share with the community and how it is going to affect the Ether prices in the future. 

Source: Cointelegraph 

MetaVisa raises $5Million of Fundraising in Seed and Private round

MetaVisa, layer 3 middleware protocol built on Ethereum raises $5 million in seed and private round funding from investors such as Ampilo Capital, GTA Ventures, Seeded Ventures, Spark Digital Capital, Dutch Crypto Investors, Black Mamba ventures, and other big investors.  MetaVisa is a decentralized blockchain system building a credit system for Metaverse. It helps users establish and display reliable credit scores as well as chain identity to make it easier for GameFi, DeFi, DAO, and NFT to serve their users better. 

Read more about MetaVisa in detail. 

Source: CryptoGlobe 

Crypto Market Trend December 3, 2021 

Here is a quick summary of the top crypto gainers and losers for the day. 

Top 3 Crypto Gainers 

Cryptocurrency  Price (latest by December 3, 2021)  Change in % 
Cardano (ADA) ₹133.52 9.13%
Terra (LUNA) ₹5491.84 8.76%
Cosmos (ATOM) ₹2248.93 7.41%

*Prices are latest by 11 AM, December 3, 2021.*

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by December 3,  2021)  Change in % 
Avalanche (AVAX) ₹8504.61 7.99%
dYdX(DYDX) ₹1048.52 8.12%
Civic (CVC) ₹40.88 4.03%

*Prices are latest by 11 AM, December 3, 2021.*

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