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12-Month Mega Gains — A Dozen Crypto Assets Gained More Than 7,000% Since Last Year

The crypto asset bitcoin has seen a phenomenal year gaining 261.5% over the last 12 months and the second leading crypto asset, ethereum, rose by 819.9% since mid-November 2020. However, a slew of digital currencies saw much larger gains during the last 12 months and a dozen crypto assets have gained anywhere between 7,000% to a whopping 27,000% in value.

12 Crypto Assets That Spiked 7,000% to Over 27,000% in Value Since Mid-November 2020

On Wednesday, November 17, 2021, the crypto economy with its 10,870 coins and 523 exchanges, is worth over $2.7 trillion. Meanwhile, during the last year, bitcoin (BTC) spiked more than 261% and its $1.1 trillion market valuation represents 41.3% of the crypto economy.

12-Month Mega Gains — A Dozen Crypto Assets Gained More Than 7,000% Since Last Year
AXS, the crypto-asset tied to the blockchain game Axie Infinity is the biggest gainer during the last 12 months gaining 27,232% since November 16, 2020.

Ethereum (ETH), on the other hand, is the second-largest market capitalization with just over $500 billion in value or 18.2% of the $2.7 trillion. ETH has risen 819% during the last 12 months, but 12 different crypto assets outpaced both BTC and ETH‘s 12-month gains combined.

12-Month Mega Gains — A Dozen Crypto Assets Gained More Than 7,000% Since Last Year
The top four crypto-asset gainers since November 16, 2020, up until today. The biggest 12 month crypto gainers against the U.S. dollar include Axie infinity, (AXS), ecomi (OMI), conscious value network (CVNT), and terra (LUNA) respectively.

The biggest gainer this year is Axie Infinity (AXS) which has spiked 27,232% since November 16, 2020. AXS is one native token tethered the blockchain game Axie Infinity. It was created by Sky Mavis.

The digital collectibles platform ecomi.com’s ecomi (OMI) token has climbed 16,545. 52% in 12 months. The third-largest gainer during the last year is the token called conscious value network (CVNT) which has spiked 16,326. 89% since mid-November 2020.

12-Month Mega Gains — A Dozen Crypto Assets Gained More Than 7,000% Since Last Year
The fourth through the eighth crypto-asset gainers since November 16, 2020, up until today, include coins such as fantom (FTM), kadena (KDA), solana (SOL), and hydro (HYDRO) respectively.

The fourth biggest gainer this past year is terra (LUNA) as the digital asset has jumped 13,701 over the last year. The fifth-largest token rise belongs to fantom (FTM) as the crypto asset spiked 11,178% since mid-November 2020.

FTM is followed by kadena (KDA) +10,801%, solana (SOL) +9,855%, hydro (HYDRO) +9,708%, sandbox (SAND) +9,007%, polygon (MATIC) +8,793%, dogecoin (DOGE) +8,053%, and rubic (RBC) +7,325%.

The top ten crypto coins that lost over 90% in values since mid-November 2020, include tokens like cherry (CHERRY) -99. 64%, hyperion (HYN) -99. 08%, genesis vision (GVT) -98. 70%, empty set dollar (ESD) -97. 94%, exchange union (XUC) -91. 87%, blockmason (BCPT) -91. 80%, and lien (LIEN) -90.99%.

What do you think about the top 12 gainers during the last year? Please comment below to let us know your thoughts on this topic.

Image Credits: Shutterstock, Pixabay, Wiki Commons, tradingview,

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

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Ethereum

Gamestop Launches Web3 Ethereum wallet That Leverages Loopring’s ZK-Rollup Tech

Gamestop Launches Web3 Ethereum Wallet That Leverages Loopring’s ZK-Rollup Tech

This week, the consumer electronics and gaming software retailer, Gamestop, has officially revealed the company’s self-custodial, Web3 ethereum wallet. It is currently available in beta and can be accessed via the firm’s web portal. The wallet stores crypto assets as well as non-fungible tokens. Furthermore, the wallet utilizes Loopring’s layer two (L2) ZK-rollup technology to provide users with “fast [and] fairly priced transactions.”

Gamestop Wants to Bring Power to Players via the Company’s Self-Custodial Ethereum Wallet

For quite some time now, it’s been well known that Gamestop was getting into the NFT space and that the gaming software retailer planned on releasing an NFT marketplace. At the end of March 2022, Gamestop explained it had partnered with the Ethereum L2 scaling project Loopring, and noted the company would leverage Loopring’s ZK-rollups.

Now Gamestop has unveiled its non-custodial, Web3 ethereum wallet that uses the ZK-rollup tech for cheaper transactions. It will let gamers store their in-game NFTs but also hold Ethereum-based crypto assets. Gamestop will launch its NFT marketplace in July. It aims to give power to the .”

players.

Gamestop Launches Web3 Ethereum Wallet That Leverages Loopring’s ZK-Rollup Tech

“Gamestop wallet is a secure and easy way to start with Web3. Your GameStop Wallet can be used to purchase, hold, swap or display Ethereum-based assets,” according to the wallet’s description. Gamestop Wallet can be used to buy, hold, swap, display and use Ethereum-based assets.” The wallet’s description also states that it is a self-custodial ethereum vault.

Harnessing the power of Loopring’s ZK-rollup [tech] — an Ethereum Layer 2 scaling protocol – Gamestop gives you low-cost and fast transactions, with Ethereum security, opportunity, and global reach. This allows you to lower gas fees and network congestion while still maintaining control over your funds.

Gamestop’s digital wallet is very similar to Metamask. It also offers a desktop version. The wallet technology was developed by Loopring, but the NFT marketplace will be using Immutable X technology. Gamestop partnered with Immutable X on February 3, 2021, and launched a $100 million NFT fund.

Additionally, the wallet’s privacy policy explains that the software does monitor the user’s data. According to the website, data collected includes “contact information and profile information”, display names, email addresses, profile biography, Ethereum public adres details and Twitter and Reddit usernames.” A iOS version of Gamestop’s wallet will be available soon.

What do you think about Gamestop’s ethereum wallet? Please comment below to let us know your thoughts on this topic.

Jamie Redman

Jamie Redman, the News Lead at Bitcoin.com News, is a Florida-based financial journalist. Redman has been an active member of the cryptocurrency community since 2011. Redman is passionate about Bitcoin, open-source codes, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage resulting from or in connection to the content, goods, or services discussed in this article.

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Ethereum

Bitcoin, Technical Analysis: BTC Recovers Above $30,000 As Weeklong Consolidation Continues

Sam Bankman-fried

This week’s whirlwind price swings in crypto markets continued on Friday, with BTC moving higher, following yesterday’s declines. Bitcoin has risen back above $30,000 on Friday, with ETH also climbing above its $2,000 point.

Bitcoin

Bitcoin was trading higher on Friday, as price uncertainty in crypto markets continued to grip traders, leading mainly to consolidation.

Following a decline to a low of $29,389. 44 during Thursday’s session, BTC/USD rose by over 3% on Friday, hitting a high of 30,664. 98 in the process.

The move comes as a floor in prices may have finally been found, as bulls lifted BTC from the $28,800 point, which many now consider to be the current support.

BTC/USD – Daily Chart

Friday’s surge took place as bullish pressure also led to a breakout of the 36 level on the 14-day RSI, which we marked as a key obstacle in the way of price gains.

As of writing, relative strength is now tracking at 37. 93, which is close to another ceiling at 40, which has dampened bullish hopes in the past.

Earlier gains have also eased, since prices passed the $30,500 resistance point, which some bulls are using as an ideal exit point.

Ethereum

Ethereum was once again trading above $2,000, following a breakout below this point over the course of Thursday’s session.

ETH/USD has so far risen to a peak of $2,054. 80 on Friday, which is roughly 4.5% higher than its peak the day before.

Similar to BTC, today’s move in ethereum comes after bulls used the current floor of $1,950 as a springboard to today’s heights.

ETH/USD – Daily Chart

However, since reaching these highs, price strength has slowed, with ETH now trading $20 lower than its earlier peak.

Although the RSI has also passed its own ceiling at 35, now tracking above the 36 level, prices are approaching a hard resistance at $2,060.

This point may have caused earlier bulls to vacate their positions, with those remaining likely to hold firm as we head into the week, unless bearish pressure resurfaces.

How high do you expect ETH to trade this weekend? Comment below to share your thoughts.

Eliman Dambell

Eliman has a unique perspective on market analysis, having been a broker director, retail trading educator, and market commentator for Crypto, Stocks, and FX.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. This article is not intended to be a solicitation or offer to buy or sell any products or services. Bitcoin.com does not provide investment, tax, legal, or accounting advice. The author and the company are not responsible for any loss or damage caused or alleged caused by the use or reliance of any content, goods, or services mentioned in this article.

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Ethereum

New Milestones Revealed for Ethereum as Ropsten Private Testnet Merge Date

An Ethereum DevOps Engineer submitted a pull request for the Ropsten Merge configuration code earlier this week. It can be viewed in the GitHub repository. The Ropsten testnet, which was established by Ethereum Foundation almost five years ago, is one of the most reliable replicas of the Ethereum blockchain.

The Merge

The merge, which marks the end of the PoW-style architecture, will essentially combine the two layers in a single PoS-based chain. According to Prysmatic Labs’ Terence Tsao, the genesis for the Ropsten testnet Merge is slated for May 30.

Lead developer Tim Beiko earlier confirmed that the merge on the mainnet is likely to go live a few months after June and not anytime sooner.

But, the Ropsten merger will show the actual merging between Ethereum and Beacon Chain when the network completes its transition. Ethereum core developer Preston Van Loon also acknowledged that this event is a huge testing milestone towards ETH’s mainnet merge that is set to happen later this year.

The Merge is coming https://t.co/CL8zwgJDra

— sassal.eth (@sassal0x) May 18, 2022

However, as the merge is near, developers have been testing new infrastructures in order to study the network mechanics and client readiness.

For instance, the “Shadow fork” went live in April, a mechanism to “stress test our assumptions around syncing and state growth,” as Parithosh Jayanthi, an Ethereum Foundation developer, explained. This test allows developers to identify critical flaws in code that might otherwise go unnoticed by the devnets.

Ethereum Foundation Lifts the Ante

In light of the recent development and the upcoming merge, Ethereum Foundation also announced merging its PoW mainnet and PoS consensus layer bug bounty programs into one. The max reward has also been bumped up to $250,000 for reporting bugs on the Ethereum protocol. Rewards can also be doubled to $500,000 during crucial events.

” As the Execution Layer & Consensus Layer become increasingly interconnected, it becomes more valuable to combine security efforts across these layers. Client teams and the community have already organized multiple efforts to increase the knowledge and expertise of the layers. Unifying the Bounty Program will further increase visibility and coordination efforts on identifying and mitigating vulnerabilities.”

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