0/ #Crypto is an ever-changing space where new trends and technologies are constantly arising.
Trying to keep up with the latest trends may not be as easy as you’d like 😣
That's why we compiled the top-8 crypto highlights in Q2 2021 that you MUST KNOW! Read on below 👇
1/ In Q2 2021, #Dogecoin flew to the moon! It gained an impressive 366% and outperformed the Top-5 cryptocurrencies 🐶🚀🌕
2/ But not so fast! Its cousin, $SHIB, actually outperformed $DOGE with a Q2 return of 11,566,501%
At the literal top, @VitalikButerin sent 50 Trillion $SHIB ($1B at the time) to India Covid Relief Fund & subsequently burnt 90% of his $SHIB👀
It has gone down by 75% since then
3/ Despite the 65% total TVL quarterly growth, $ETH saw its TVL drop from 93% to 79% in Q2.
Cheaper alternatives such as @Binance Smart Chain and @0xPolygon are slowly taking over 📉
4/ Gaming #NFT saw renewed interest, although floor prices have also dropped 🎮
5/ @AxieInfinity’s trading volume 131x Year-to-Date, signaling the explosive growth in its popularity 🤯
6/ Corresponding to volume increase, #AxieInfinity saw its ✨revenue grow 118x✨ in the same time frame $AXS $SLP
7/ Spot exchange volume had its monthly high in May at $3.5 trillion before it dropped 60% in June 2021. 📊
The DEX-CEX ratio has increased from 6.7% in Q1 2021 to 9.4% in Q2 2021.
8/ #Bitcoin ended Q2 2021 at $35,969, a 44% decline from it's All-Time High 🌥️ (still up 24% Year-to-Date!)
9/ Four reasons why $BTC went down 📉:
- @Tesla no longer accepts #BTC as payment due to its environmental impact.
- The Feds may raise interest rates sooner than expected out of inflation fear.
- Regulations from China on Bitcoin mining.
- Overleveraged traders
10/ … and that’s all of the snippets we can share ;)
There’s more than just these highlights, read the full report for all 66 pages of scoop: gcko.io/ut24l6w
What’s your favourite moment in Q2 2021? Share with us!
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1/ Hey Geckos, we’ve heard you loud and clear when it comes to your Portfolio 👂
That’s why it’s getting a big update! You can now create multiple portfolios to keep track of the markets 🎉
2/ From long term holdings to short term speculation, and even your aping needs, our new multi portfolio feature has got you covered!
It’s as easy as adding a new portfolio 😉
3/ Now you can easily track coins based on your preferences! Add a coin to your new portfolios by clicking on the ☆ button and then selecting which portfolio you want to add 👇
2/ In August, the top-30 cryptocurrencies market capitalization recorded yet another 2020-high at $343 billion! We saw an increase of 11% in their market capitalization and an 18% gains in their trading volume 👀
3/ $BTC market dominance shrank by 4.4% to 61.1% whereas Ethereum gained the largest by 1.7% to 13.9% 😮