Rising DeFi TVL and Binance staking back 88% rally in IOST price
IOST rallied to a multiyear high after Binance announced a new staking program and the project airdropped tokens to Citadel One mobile wallet users. While the past year has been marked by the rise of decentralized finance (DeFi), centralized entities like Coinbase and Binance continue to be some of the most important players in the industry as a whole, as they are essential in attracting attention to promising projects and pave the way for wider adoption. One protocol that has taken advantage of the "Binance bump" over the past week is IOST, a fully-fledged decentralized blockchain....
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IOST price has increased by 650% in 2021, propelled by DeFi integrations, NFT functionality and staking support from major exchanges. Keeping up with the latest trends in cryptocurrency is a must for projects that want to stay relevant and continue to gain market share. The hype is currently swirling around decentralized finance (DeFi) and nonfungible tokens (NFTs) — and IOST is one protocol that has been capitalizing on these growing movements to help expand its community.Data from Cointelegraph Markets and TradingView shows that the price of IOST, the 78th-ranked digital asset by market....
PRESS RELEASE. IOST-powered DeFi Protocol Yokozuna Finance is warming up to claim the title in the IOST’s dApp ecosystem. The sumo-themed gamified DeFi and NFT project has already created a buzz among the IOST and DeFi community and aims to climb the ranks with its official launch on 10th December, 11:00 AM (UTC) The sumo-inspired project, with a total supply of 100,000,000 and a deflationary distribution model, will be offered via FAIR LAUNCH to stakers on app.yokozuna.fi is being developed and guided by an experienced global team and an advisory board composed of professional and....
NPXS has rallied 130% in just two days after PundiX CEO confirmed staking and token reduction. NPXS, the native token of PundiX, a cryptocurrency point of sale (PoS) solution provider, has seen a massive surge in price over the past 48 hours.In merely two days, the price of NPXS rose by more than 130% on Binance, outperforming most major cryptocurrencies on the exchange.There are three key reasons behind the rally: the launch of token staking, token reduction, and the overall positive sentiment around the altcoin market.NPXS/USDT 4-hour price chart (Binance). Source: TradingView.comToken....
PRESS RELEASE. IOST has announced it is now at the final development stage for building a cross-chain transfer bridge to the Polkadot Ecosystem. The move is part of IOST’s plans to promote its cross-chain interoperability, bringing tremendous value for IOST users & developers and drive bigger adoption scenarios for its blockchain, according to a blog post on 5 March 2021. IOST Joins Forces with Polkadot In a bid to make its decentralized solutions available across multiple blockchains, promote trust and data sovereignty for users, IOST, the Proof-of-Believability smart contract....
Strong fundamentals and new offerings explain why IOST, Horizon (ZEN) and Avalanche (AVAX) rallied higher as Bitcoin price pulled back. Bitcoin’s (BTC) recent plunge could have been caused due to profit-booking by institutional investors, according to a report by crypto fund manager CoinShares. The report noted a sharp drop in institutional inflows during the first week of the new year and weekly outflows from several crypto investment products.Crypto market data daily view. Source: Coin360While the recent 28% decline may have scared some new investors, Bitcoin HODLers were likely unfazed....