Ethereum Tends to Accumulate Pressure, Polymesh (POL) Gains Momentum, Bancor (BNT) Collaborates with EOS for Enhanced Transaction Speeds
Ethereum, the second-largest cryptocurrency by market cap, advanced to nearly $4,500 before consolidating, marking a 2.9% daily gain. This growth pushed Ethereum's market cap to an impressive $539.77 billion.
Meanwhile, the project POL, founded by artist Maj Horn and researcher Signe Rom, experienced significant growth. POL traded at $0.2864, recording a 12.25% daily gain. The daily trading activity of POL surged, with volume spiking 225.43% to $698 million. As a result, the market cap of POL climbed to $3 billion.
The circulating supply of POL stood at 10.49 billion, identical to the total supply. It's worth noting that the circulating supply of Ethereum also remained consistent, with 120.7 million coins in circulation, aligning with the total supply.
Bancor (BNT), another notable cryptocurrency, showed promising gains. Price action of Bancor (BNT) showed a rise from $0.7478 to intraday highs near $0.77, marking a 1.32% daily increase. The daily trading volume of Bancor (BNT) improved to $5.56 million, while the circulating supply remained steady at 115.18 million, identical to the total supply.
Bancor (BNT) integrated network improvements and maintained steady growth, positioning itself for efficient performance. The project also joined EOS in a bid to improve processing and scalability. The market cap of Bancor (BNT) reached $87.23 million, and the volume-to-market cap ratio stood at 6.39%.
Interestingly, Bancor (BNT) supported $68.84 million in total value locked, a significant figure in the decentralised finance (DeFi) sector.
In summary, the cryptocurrency market saw Ethereum surge, while POL and Bancor showed promising gains. As always, investors are advised to do their own research before making any investment decisions.
%20Gains%20Momentum%2C%20Bancor%20(BNT)%20Collaborates%20with%20EOS%20for%20Enhanced%20Transaction%20Speeds){kind=link}