CoinGecko
To the MOON: Reddit Community Tokens Rocket Amid Rule Change Speculation
Moons (MOON), the native token of Reddit's r/CryptoCurrency community, is surging over 100% in the last 24-hours, according to data tracked by CoinGecko. CoinGecko's co-founder and COO, Bobby Ong, told CoinDesk the speculation about impending changes to Reddit has driven the token higher. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."
AI-Related Crypto Tokens Jump as Elon Musk Unveils New ChatGPT Competitor
AI-related crypto tokens posted gains after Tesla CEO Elon Musk announced a new company focused on artificial intelligence called xAI, as an alternative to ChatGPT. SingularityNET rose 11% over the past 24 hours and Fetch.ai also climbed roughly 7% during the same time period, according to CoinGecko. CoinDesk's Jennifer Sanasie presents "The Chart of The Day."
Future of Web3 Gaming
Web3 games are gaining traction but have only captured a small fraction of the players compared to top Web2 games, according to CoinGecko data. Meanwhile, Alexis Ohanian recently tweeted the play-to-earn business model will "become standard for video games" in 5 years. Alliance DAO Core Contributor, and PHD in game studies, Will Robinson, discusses his take on the future of Web3 gaming.
Tether's Market Capitalization Nears Record High; PostFinance to Offer Customers Crypto
Data from CoinGecko shows that Tether's (USDT) market capitalization has increased by over 20% this year. Separately, PostFinance, Switzerland’s fifth-largest financial services firm, says it will begin offering its users access to cryptocurrency thanks to a partnership with regulated digital asset services provider Sygnum Bank.
USDC Stablecoin Regains Dollar Peg After Silicon Valley Bank Collapse
The USDC stablecoin regained its peg to the U.S. dollar, according to CoinGecko, after falling below the $1 value it was supposed to hold as the federal banking and finance regulators said on Sunday that all Silicon Valley Bank depositors would have access to their funds beginning Monday. "The Hash" panel discusses the implications for stablecoins and the wider crypto market.
Dominance of Tether’s USDT Is Rising Among Stablecoins: Data
Earlier this week, USDT’s market share among stablecoins surpassed 54%, data from CoinGecko shows. This is the largest market share Tether’s stablecoin has reached since late November 2021, after the crypto bull market reached its apex. Crypto Critics' Corner co-host Bennett Tomlin discusses the outlook for stablecoins and reacts to the Wall Street Journal report that alleges Tether accessed bank accounts by way of falsified documents and intermediaries.
Binance USD Stablecoin Outflows Hit Roughly $6B Since February: Report
Approximately $6 billion of outflows has hit Binance's stablecoin, BUSD, since Feb. 13, according to CoinGecko data compiled by Reuters. "First Mover" hosts weigh in on the latest developments after stablecoin issuer Paxos said last month it will stop minting new Binance USD (BUSD) tokens at the direction of the New York Department of Financial Services.
AI Token Search Traffic Spikes as Crypto Traders Seek Exposure
The trending AI tokens on CoinGecko showcase how artificial intelligence has a chokehold on the zeitgeist.
Crypto Coin Listings Exploded in 2021
Data aggregators have listed more than 2,000 new crypto assets in the first half of 2021.
CoinGecko CEO Thinks We Are in a Cryptocurrency Bear Market
CoinGecko Co-founder and CEO Bobby Ong has his crypto markets analysis and bearish outlook for bitcoin, saying "having an asset going down 50% from its all-time high shows that we are clearly in a bear market."