Litecoin – Cryptocurrency Market Cap Exceeds $ 500 Billion Aided by OKB and SUSHI | Zoom Fintech

The full market capitalization of all cryptocurrencies crossed the $ 500 billion mark for the first time since February 2018 because the price of a number of altcoins is rising, while the price of BTC remains above $ 17,800 after that. reaching $ 18,000 yesterday.

While there are a number of cryptocurrencies rising in the past 24 hours, in response to CryptoEvaluate information some within the decentralized finance (DeFi) area currently stand out with good points above 20% in that same range.

Ethereum, the blockchain community on which most decentralized finance initiatives are based, has climbed below 0.7% in the past 24 hours, as one ETH is currently buying and selling at $ 477.

The advantages of SushiSwap the end of Uniswap awards

SushiSwap’s SUSHI token, for example, has risen by more than 21% in the past 24 hours after the end of the cash extraction rewards on the decentralized exchange Uniswap. The Uniswap rewards ended on November 17th and that same day SushiSwap, a fork of Uniswap, introduced a brand new incentive scheme for the 4 pairing that Uniswap was promoting.

Supply: CryptoEvaluate

As a result, the overall value locked on Uniswap dropped by over $ 1 billion in less than 24 hours, while the overall value locked on SushiSwap rose nearly 160% from $ 407 million to over $ 1 billion.

As a result, SUSHI is now buying and selling at $ 1.38, up from just over $ 0.5 initially in November. It is worth noting that several decentralized exchanges, along with 1inch and Bancor, have launched incentives for their apps to seize some liquidity by moving away from Uniswap.

Yearn.Finance’s YFI continues to grow

Yearn.Finance, a decentralized finance protocol that aggregates lending platform returns that balances for the best return during contractual interaction, has also seen the price of its YFI token transfer rise by 22.53% in the past 24 hours. .

Supply: CryptoEvaluate

The price of the cryptocurrency probably increased after the end of the awards on Uniswap. While the liquidity providers on Uniswap are rewarded with a payment rate of 0.3% charged on orders, they are likely to be impacted by the temporary loss.

At Yearn.Finance, clients can earn relatively excessive returns on their cryptocurrency holdings without risking a temporary loss. YFI is now buying and selling at $ 26,990 and is back on its method to its previous all-time high above $ 43,000.

OKB skips after OKEx pronounces the withdrawals will be resumed

OKEx’s cryptocurrency, OKB, saw its price rebound after the cryptocurrency exchange introduced, it can reactivate withdrawals “by” November 27 this year, because the holders of the personal keys it had lost contact with. who was cooperating with an investigation have “completed assistance from the authorities.”

The individual OKEx has misplaced contacts with is believed to be the founder of the Mingxing agency “Star” Xu. The exchange suspended withdrawals in October as Xu was cooperating with an investigation, during which OKEx says the agency has been “confirmed not to have been involved in any illegal or illegal activity, and the holder of the private key is now returned to his normal business functions “.

OKB’s price has increased 10.76% in the past 24 hours based mainly on the event. Knowledge reveals that prior to the suspension of withdrawals OKB was buying and selling at around $ 6, but then dropped to a low of $ 4.15, before barely recovering. After OKEx revealed that withdrawals are likely to be reactivated, OKB jumped back to $ 5.8.

Supply: CryptoEvaluate

The first use of OKB are reductions on buying and selling expenses and guarantees for buying and selling margin on OKEx, however the token can also be used outside OKEx, in an ecosystem manufactured by partners of the exchange that content with OKB as a cost methodology.

Litecoin (LTC) price has rallied in the last few days and in the last recorded 24-hour interval moving up to cross the $ 80 mark and solidify its lead over Bitcoin Cash as the sixth largest cryptocurrency by market capitalization .

Litecoin is up 13.09% in the past 24 hours, while BCH is up less than 1%. The cryptocurrency’s market cap is typically described because “silver in bitcoin gold” is now at $ 5.28 billion, while that of BCH is at $ 4.62 billion.

Supply: CryptoEvaluate

The price of LTC has steadily risen after hitting a low of $ 44 in September. While the rally has allowed him to do too much again this year, the litecoin has yet to be removed from its excess of $ 400 recorded in December 2017.

Feature Graphic by Unsplash.

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