Standing out from the cryptocurrency market that is showing signs of recovery after the "Dark Thursday" incident, Steem is up 177% and a number of major coins have witnessed a two-digit increase in the past 24 hours.
Steem is outperforming the entire market
Steem has jumped from 55 to 40 according to the market capitalization by the time of writing. Steem is up nearly 177% in the last 24 hours and is trading at $ 0.346 at the time of writing (up from $ 0.172 this morning).
You can see the STEEM price here.
The reason why Steem increased at such astonishing rate is likely because the Steem community announced a hard fork to separate from Steemit Inc. Justin Sun and Binance vowed to support this hard fork.
Some altcoins recorded a two-digit percentage increase
Currently in 19th place in terms of market capitalization, Dash has increased by over 26% in 24 hours and increased to $ 60.6. Although altcoin has increased significantly, it is still far from the high of $ 114 it reached in February last year.
You can see the DASH price here.
The reason behind the increase in Dash is not known exactly. Maybe the upcoming Dash v0.11 update is the reason for the increase, but there is no clear information on this issue.
Announcing the Release of #Dash Platform v0.11!
This release includes the ability to register public data contracts, DAPI for web browsers, and installation packages for Evonet and local development.https://t.co/rDIaNjMvHa #DashPlatform #crypto #cryptocurrency pic.twitter.com/nduOLnh5Uk
- Dash (@Dashpay) March 17, 2020
The current phase, Secure the Platform, includes extensive security improvements, with a primary focus on improving lightweight client support by integrating LLMQ into the platform consensus mechanism. . Although the work is still ongoing, they have made significant security enhancements that allow people to create and register data contracts, thus opening up the potential to use the Dash Platform as a Database-as- a-Service based on consensus.
LINk is also one of the altcoins recording a two-digit increase, up nearly 12% in the past 24 hours for $ 2.03.
You can see the price LINK here.
The boost is likely to come from the fact that WAX.io, an EOSIO blockchain for digital goods, will use Chainlink to get market data for DeFi, the real-world event source for NFTs, and more. Through WAX integration, Chainlink becomes easily accessible as a pioneering solution for the EOSIO ecosystem.
.@WAX_io, an EOSIO blockchain for digital goods, will use Chainlink to obtain market data for DeFi, source real-world events for NFTs & more. Via the WAX integration, Chainlink becomes easily accessible as the go-to oracle solution for the EOSIO ecosystem. https://t.co/tvgMhNy2Vh pic.twitter.com/x9RdnBbgcD
- Chainlink - Official Channel (@chainlink) March 18, 2020
However, Michaël van de Poppe - a former full-time trader at the Amsterdam Stock Exchange - did note that current support may lead to a short-term relief rally, but will eventually plummet.
IOTA and ZEC are also seeing a 12-15% increase in the last 24 hours amid major coins recovering from 3-11%.
Disclaimer: This is not investment advice. Investors should research carefully before making a decision. We are not responsible for your investment decisions.
According to AZCoin News
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