Worldwide Crypto Adoption All-set To Make Altcoins Breakout!

  • Moneygram has collaborated with Stellar for Blockchain payments.
  • Banco Hipotecario has partnered with four new blockchain startups.

Large IT companies are demonstrating a strong interest in crypto-based payments, garnering huge public attention. It will not be surprising if the crypto sector replaces conventional financial systems.

On October 7th, 2021, the SEC approved the “Volt Bitcoin Revolution ETF” fund to promote blockchain technology. According to Volt creator Tad Park, Tesla, Coinbase, Paypal, and Square are among the companies included in the fund.

However, El Salvador’s commercial national bank, Banco Hipotecario, has partnered with four new blockchain startups. API3 is one of the revealed firms. This partnership will create blockchain solutions to provide consumers with Bitcoin-native DeFi products like trading and lending.

Peer-to-Peer fund transfer service provider Moneygram has collaborated with Stellar for Blockchain payments. Circle’s USDC stable currency would be used to enable quick money transactions, the firm said. Thus, many advancements are occurring in the crypto space. Most crypto assets are trending. 

Altcoins on the Rise

Solana’s spectacular Q3 performance pushed its price to an all-time high of $214.96, a 400% increase. Because its ecosystem is focused on security, data tools, and analytics, Q4 should be a lucrative quarter for DeFi. Terra Luna, following its Columbus 5 upgrade on September 30th, saw excellent growth in Q4. Token trading at $46.73 surpasses prior ATH.

In Q3, Dogecoin volatility spiked. The trend appears to be continuing in Q4, as the meme coin’s trade volume increased almost 400% last week. Moreover, it is also testing a key resistance level between $0.24 and $0.25, a breach of which may result in a new ATH.

Shiba Inu, a recent market phenomenon, surged almost 500% in four days, hitting a high of $0.00003502. Late Thursday, the dog-themed meme currency began to plummet. Furthermore, the asset has lost 30% in the past 24 hours. One of the whales just purchased over 1 trillion SHIB, prompting the price to soar. Because of this, the community believes now is not the time to purchase SHIB.

The crypto industry is growing like no before. Still, major events like Bitcoin Taproot upgrade, Ethereum merger, and Cardano Hydra layer 2 scaling solution update are on the way. As improvements are planned for late Q4, now looks like a good opportunity to purchase crypto assets and take calculated risks.

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