Coinrank Weekly
Hello Everyone,
Welcome to the latest Coinrank weekly, where we will go over everything you need to know about some of the most influential events which occurred throughout the previous week within the crypto sector.
Weekly Projects to Watch
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Top risers by Coinrank
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- Basic Attention Token ($BAT) ⬆️ 6%
- Klaytn ($KLAY) ⬆️ 2%
- Axie Infinity ($AXS) ⬆️ 2%
- Theta Fuel ($TFUEL) ⬆️ 1%
Top risers by Dev Rank
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- XRP ($XRP) ⬆️ 16%
- Basic Attention Token ($BAT) ⬆️ 16%
- TRON ($TRX) ⬆️ 8%
- Ethereum Classic ($ETC) ⬆️ 5%
Top risers by Social Rank
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- Klaytn ($KLAY) ⬆️ 1%
- Filecoin ($FIL) ⬆️ 0.4%
- Oasis Network ($ROSE) ⬆️ 0.3%
- Terra ($LUNA) ⬆️ 0.2%
Top small cap risers by Coinrank
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- Umi Digital ($UMI) ⬆️ 48%
- Sacks ($SACKS) ⬆️ 43%
- Qwertycoin ($QWC) ⬆️ 41%
- Pera Finance ($PERA) ⬆️ 36%
PayPal Could Potentially Introduce “PayPal Coin”
A developer named Steve Moser made an interesting discovery within PayPal’s iOS application, where he discovered references to what is known as the "PayPal Coin."
Bloomberg asked PayPal for more details, where Senior Vice President of Crypto and Digital Currencies at PayPal, Jose Fernandez da Ponte confirmed the findings above. Fernandez da Ponte told Bloomberg the following: "We are exploring a stablecoin; if and when we seek to move forward, we will, of course, work closely with relevant regulators."
Disney and Walmart Are Exploring the Metaverse
Disney is buildings its own theme-park metaverse. According to a U.S. Patent Office, Disney Enterprises got their approval for a virtual-world simulator patent throughout the last week of December, where the technology would project 3D images and virtual effects on physical spaces.
The intended functionality of this device is to track individual visitors of the park and personalize their projections. This means that one family could, for example, see Mickey Mouse greeting them; the other could interact with Princess Belle or Cinderella, or just about any other Disney character.
Walmart is also venturing into the metaverse with plans to create its own cryptocurrency and collection of NFTs. Last month, the retailer filed several new trademarks that indicate its intent to make and sell virtual goods, including electronics, home decorations, and other products.
Solana Could Be the Visa of Crypto According to a Strategist at Bank of America
Alkesh Shah, the Digital Asset Strategist at Bank of America, made predictions in which he mentioned that Solana could become the "Visa of the digital asset ecosystem."
Shah made suggestions in which he said that Solana is taking a slice of Ethereum's market share thanks to its low fees, ease of use, and scalability. At the same time, Ethereum has “high-value transaction and identity, storage and supply chain use cases,” wrote Shah, as quoted by Business Insider.
Tether Froze $160 Million USDT on the Ethereum Blockchain
The stablecoin issuer Tether ended up freezing three Ethereum addresses on Thursday, which combined, held over $160 million worth of USDT in accordance to data from Etherscan. These accounts will not be able to move funds, and with them, Tether has now blacklisted 563 addresses on the Ethereum blockchain since November 2017, according to the Bloxy block explorer.
Three More Countries Are Eying Bitcoin as Legal Tender
According to the president of El Salvador, in a series of tweets posted on Twitter, Bitcoin could end up getting used as legal tender in three more countries as early as 2022. Nayib Bukele tweeted a series of predictions about Bitcoin and said that the cryptocurrency token could hit $100,000 this year.
According to Mayor Eduardo Paes, Rio de Janeiro will be the first Brazilian City to buy Bitcoin (BTC) as a store of value.
According to reports by "Oglobo.Globo", the Mayors of Rio and Miami Mayor Francis Suarez participated in the first day of the largest innovation and technology meeting in Latin America.Mayor Francis Suarez, Eduardo Paes revealed that 1% of the Treasury of Rio de Janeiro would be in Bitcoin.
Thanks for reading,
The Coinrank Team
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