Polkadot integration sparks rallies in REN, OCEAN and CELR price
Projects facilitating cross-chain integration with the Polkadot ecosystem have rallied to new highs while the Ethereum network continues to struggle with high fees. Polkadot (DOT) has emerged as one of the top-choice blockchain networks over the past year thanks to its focus on facilitating interoperability between separate networks, especially Ethereum (ETH). As a result of Polkadot’s rise to prominence, projects that have embraced the concept of interoperability and joined the Polkadot ecosystem have seen a boost in their token prices over the past few months.Ren (REN), Ocean Protocol....
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The integration with Simplex will provide DOT users another route from fiat into crypto. Fiat-to-crypto onramp provider Simplex will now support Polkadot in its network of crypto exchanges, wallets, and brokers.In an announcement today, Simplex said its integration of Polkadot (DOT) would allow crypto users to purchase the token with a credit or debit card, Apple Pay, or bank transfer. The financial institution is aiming for “mass cryptocurrency acquisition and adoption,” saying that the addition of DOT to its list of supported digital assets would bring it closer to this goal.Simplex....
OCEAN’s price shows strength as it bounces from a downtrend range price rallied to a high of $0.18 with eyes set on $0.25. OCEAN could rally more as the price creates more bullish bias breaking out of its descending triangle with good volume as the price could rally to $0.25. OCEAN’s price remains strong on the daily timeframe above the 50 Exponential Moving Average (EMA) as the price aims for more rallies. Ocean Protocol (OCEAN) has had a tough time this year as the price has maintained a downtrend, but the price of OCEAN could be set for a change as Ocean Protocol breaks....
OCEAN’s price shows the market a glimpse of bullish hope as price broke out of its long-range movement with strong volume. OCEAN trades above key resistance as price breaks out of range holding above 8 and 20-day EMA. The price of OCEAN eyes a rally to $0.1 as key resistance was flipped into support with more buy orders. The price of Ocean Protocol (OCEAN) has continued to show its strength as price trends with key breakouts from a downtrend range against tether (USDT). With the crypto market cap bouncing from its weekly low as the market continued to look promising, the price of....
Derek Yoo, the founder of Moonbeam, noted that the integration lets their platform provide “building blocks” to DeFi developers. Decentralized oracle network Chainlink (LINK) has integrated its service called Chainlink Price Feeds to Moonbeam, a smart contract parachain on Polkadot (DOT), to provide data to developers in the platform. In a release sent to Cointelegraph, Chainlink's team noted that going live on Moonbeam will allow those who build within the platform to access price information that’s compiled and aggregated from many different exchanges. This allows decentralized finance....
Ocean Protocol’s new governance features and the ability to yield farm OCEAN tokens are improving the fundamentals of the decentralized data monetization platform. Data collection, aggregation and analysis have become some of the largest profit generators for companies like Facebook and Google who have designed an array of algorithms purposed with harnessing user data in order to better optimize the user interfaces of their applications and their online marketplaces. While collecting the data is the ultimate objective, the events of the past few years have also shown that securing it and....