Latest Market News
As the amount of funds being raised by projects conducting Initial Coin Offerings (ICOs) continues to decrease, investors are becoming more selective in their choices and opting to participate in only the strongest projects. Here’s our picks for the top 5 ICOs to keep an eye on in November.
The market has moved in a generally positive trend this week, and maintain and this week’s projects are set to benefit from a number of developments and launches that should result in an increased amount of attention for each respective project.
The Stellar Development Foundation has announced a massive airdrop of XLM tokens in collaboration with cryptocurrency wallet company Blockchain. The giveaway will distribute $125 million worth of XLM, which is about 2.5% of XLM’s current market capitalization ($4.9 billion).
After going through an extended period of relative stability, the market has shown signs of volatility and this week’s projects are all engaged in a number of developments and releases that should result in an increased amount of attention for each respective project.
VentureBeat reports that Dapper Labs, the developers of the Ethereum-based game CryptoKitties, have secured a $15 million investment in a new funding round led by Venrock. Google’s venture arm GV and Samsung Next also participated in the round.
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Investment and trading platform eToro has listed Binance Coin (BNB), bringing the total number of cryptocurrencies they feature to 13.
Reuters reports that Bitstamp, one of the oldest cryptocurrency exchanges that’s still active, has been sold to NXMH, a Belgium-based investment company owned by South Korean firm NXC. The terms of the deal have not been disclosed to the public. NXMH, which also owns the South Korean crypto exchange Korbit, has acquired an 80 percent stake in Bitstamp, but the exchange’s previous owner, Nejc Kodrič, will continue heading its operations.
The market is currently going through a period of relative stability, and this week’s projects are all engaged in a series of developments and announcements that should result in an increased amount of attention for each respective project.