Aurora (AOA) Is Pumping, Highest Gainer on Top 100 CoinMarketCap at Present

  • Yuri Molchan
    📰 News

    Of all top 100 coins per CoinMarketCap, the best performing one at the moment is Aurora (AOA), gaining a whopping 72 percent over the last 24 hours


Aurora (AOA) Is Pumping, Highest Gainer on Top 100 CoinMarketCap at Present

With Bitcoin still trying to test the $8,000 level, the crypto market has not been showing any big-gaining coins, apart from one – Aurora (AOA), ranked 34.

Over the last 24 hours, it has gained more than 72 percent and is currently the best performing crypto asset among the top-100 coins on CoinMarketCap (CMC).

CoinMarketCap.com
CoinMarketCap.com

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Bitcoin Turns into Actual Store of Value – 60% BTC Has Remained in Wallets at Least One Year

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Aurora is soaring high

The coin has added an astonishing 72 percent over the last day, leaving behind all other top hundred crypto coins, along with the recent leader Litecoin (LTC), which is gradually rising ahead of the halving anticipated to occur in August.

The second best gainer among the top hundred altcoins at the moment is Fantom, ranked 96. At press time, it is trading at $0.0356.

CoinMarketCap.com
CoinMarketCap.com

It is followed by Maximine Coin (#71, +16.42 percent) and Insight Chain (#79, +12.82 percent).

CoinMarketCap.com
CoinMarketCap.com
Cover image via cryptodib.com
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About the author

Yuri has worked in crypto since 2017. A translator, quickly became a crypto enthusiast. He has worked for several Telegram channels covering cryptocurrencies. Currently is a news writer, covering crypto and blockchain-related topics.

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Wall Street Is Extremely Bullish on Facebook’s Cryptocurrency  


Wall Street Is Extremely Bullish on Facebook’s Cryptocurrency  
Contents

Social media juggernaut Facebook is about to launch its Libra cryptocurrency, which, as expected, is currently on everyone’s lips.

According to a recent CNBC report, financial analysts appear to be on the same page when it comes to bullish Facebook predictions.   

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The talk of the town

There is a schism in the cryptocurrency community concerning Facebook’s foray into crypto. While some think that Facebook undermines Satoshi Nakamoto’s vision of a decentralized cryptocurrency, prominent influencers, including Mike Novogratz and Anthony Pompliano, look at the bright side.

On the flip side, major Wall Street players seem to agree that Facebook’s stock will see plenty of love once the company unveils its much-talked-about crypto project.

SunTrust, MoffettNathanson, Bank of America stick with a “buy” rating on Facebook.

MoffettNathanson goes as far as claiming that the Mark Zuckerberg-led company aims to become the biggest e-commerce platform on the planet.

We believe a Facebook cryptocurrency-based payments system could be especially useful in countries with high inflation/unstable banking systems and for cross-country remittances. So, Facebook’s commerce ambitions do not appear to be limited to developed markets. Rather, Facebook has its eyes set on becoming the world’s leading ecommerce platform as well.”

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Not the right company?  

As reported by U.Today, Facebook joined forces with VISA, Paypal, and a slew of other startups that became part of the Libra consortium for a whopping $10 mln fee.

The company itself remains radio silent about its crypto ambitions, but there have been countless reports on that topic since December.

We are about to see a fiat-pegged stablecoin that will be integrated into Facebook, Instagram, and WhatsApp.

After being plagued with huge data scandals, Facebook will probably have a hard time convincing regulators to green-light its new cryptocurrency. Hence, it might be a promising idea, but not the right company to pull it off.

Cover image via u.today
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About the author

Alex Dovbnya (aka AlexMorris) covers all things crypto — from major projects, which are fighting tooth and nail to gain the upper hand in the burgeoning industry, to the latest regulatory trends around the world. When he happens to take a break from crypto, Alex delves into cognitive linguistics (metaphors can be fun too!).

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