Blockchain
Bitcoin ranked most volatile currency in world
A new study reveals the most volatile cryptocurrencies, with Bitcoin ranking as the riskiest of the market leaders.
The research by online crypto casino Bombastic analyzed price data for the largest 100 cryptocurrencies by market cap. It ranked each based on the volatility between its highest and lowest USD price over the last 12 months from January 2024.
The most volatile cryptocurrencies
Bitcoin (BTC) is the most volatile after its price skyrocketed from $20,195 in March 2023 to $46,936 in Jan 2024. It has the highest growth in dollar value compared to any other cryptocurrency over the last 12 months.
Maker (MKR) had the second greatest fluctuations in value this year. From June 2023 to January 2024, its price went from a low of $616 to a high of $2,144, a 248% increase in seven months.
Ethereum (ETH), in third, has experienced some of the most dramatic price changes in the last year. Its price has skyrocketed by over $1,000 in the last 12 months, from $1,429 on March 2023 to $2,618 on January 2024.
Bitcoin’s altcoin, Bitcoin Cash (BCH), has the fourth most unpredictable prices in the last year. From June 2023 to July 2024, it tripled from a low of $101 to $306.
BNB (BNB), previously Binance Coin, ranks fifth among the most volatile coins. Its price went from a year-high of $347.9 in April 2023 to a low of $205 in September, plummeting by $142.9 in just four months; the most lost in USD value of the top 100 coins.
Solana (SOL) had the sixth-largest price swings over the last year, with its value flying from just $14.5 in June 2023 to $121 in December 2023, a rapid 736% change in six months.
ORDI (ORDI) is seventh among the wildest price jumps in the past year. Its value experienced the greatest percentage change of the top ten, skyrocketing 27-fold from $3 in September 2023 to $83 in January 2023. ORDI took the shortest time between its lowest and highest yearly valuation of the top ten.
Bitcoin SV (BSV) showed the eighth most unpredictable shifts in the market. It more than quadrupled from $24.3 to $104 between June 2023 and January 2024.
Quant (QNT) had the ninth most dramatic ups and downs. Its value dropped from $155.9 to $84 between January and October 2023, experiencing the second-greatest dollar loss of $71.9, behind BNB.
Aave (AAVE) ranks tenth among the most unpredictable crypto coins. Its value doubled from $50 to $118.9 between June and December 2023.
A spokesperson from Bombastic commented on the findings: “Now, with years of historical data, these findings offer crypto traders an insight into the riskiest coins to invest in. Data shows that Bitcoin experienced the biggest changes in price, over $25,000 more than the next coin”.
| Most Volatile Cryptocurrencies | ||||||
| Largest difference between highest & lowest prices over the past 12 months (USD) | ||||||
| Rank | Symbol | Name | Lowest value (USD) | Highest value (USD) | Difference (USD) | Difference (%) |
| 1 | BTC | Bitcoin | 20,195 | 46,936 | 26,741 | 132.4 |
| 2 | MKR | Maker | 616 | 2,144 | 1,528 | 247.9 |
| 3 | ETH | Ethereum | 1,429 | 2,618 | 1,188 | 83.2 |
| 4 | BCH | Bitcoin Cash | 101 | 306.7 | 204.9 | 201.3 |
| 5 | BNB | BNB | 205 | 347.9 | 142.9 | 69.7 |
| 6 | SOL | Solana | 14.5 | 121.4 | 106.9 | 736.9 |
| 7 | ORDI | ORDI | 3 | 83.3 | 80.4 | 2,719 |
| 8 | BSV | Bitcoin SV | 24.3 | 104.4 | 80 | 329.2 |
| 9 | QNT | Quant | 84 | 155.9 | 71.9 | 85.5 |
| 10 | AAVE | Aave | 50.1 | 118.9 | 68.8 | 137.3 |
The post Bitcoin ranked most volatile currency in world appeared first on HIPTHER Alerts.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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