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As Bitcoin hovers around USD $57,000, Cosmos and Polygon rise more than 15% on Dec. 3

Alex Coin
December 3, 2021
Reading Time: 5 mins read
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What is Bitcoin?

Bitcoin is the first successful internet money based on peer-to-peer technology; whereby no central bank or authority is involved in the transaction and production of the Bitcoin currency. It was created by an anonymous individual/group under the name, Satoshi Nakamoto. The source code is available publicly as an open source project, anybody can look at it and be part of the developmental process.

What is Polygon?

Polygon (Previously Matic Network) is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building multiple types of applications.

What is Cosmos?

The Cosmos network consists of many independent, parallel blockchains, called zones, each powered by classical Byzantine fault-tolerant (BFT) consensus protocols like Tendermint (already used by platforms like ErisDB). Some zones act as hubs with respect to other zones, allowing many zones to interoperate through a shared hub. The architecture is a more general application of the Bitcoin sidechains concept, using classic BFT and Proof-of-Stake algorithms, instead of Proof-of-Work.Cosmos can interoperate with multiple other applications and cryptocurrencies, something other blockchains can’t do well. By creating a new zone, you can plug any blockchain system into the Cosmos hub and pass tokens back and forth between those zones, without the need for an intermediary.

It seems that fears and uncertainties continue to make their weight felt on Bitcoin the biggest and most popular cryptocurrency in the world. It is a decentralized digital currency that enables users to make trustless peer-to-peer transactions. this December 3, even though Cosmos y Polygon capitalize very good results in the last day.

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***

Bitcoin is still around USD $57,000 this December 3rd.

We open our daily price report by starting again withBitcoin ( BTC ), as the leading digital digital technologies are these electronic tools that have the ability to generate, store or even process data. currency currency is a medium of exchange that defines value. is trading at around USD $57.069 per unit at this hour, up a slight 1.5% in the last 24 hours.

However, according to data published by our section none , although a priori it seems that the price remains close refers to the closing price; similar to the same term used in stock trading. to what was seen yesterday, the truth is that during the day there was strong volatility a statistical measure of dispersion of returns, measured by using the standard deviation or variance between returns from that same security or market index. and the price ofBitcoin was very rarely above USD $57,000 in the last 24 hours, showing that there was a lot of movement within that time frame.

Bitcoin price evolution this December 3rd
Bitcoin price evolution this December 3rd

Uncertainty continues in the markets

It appears that fears about the new strain of the virus computers are usually infected with a virus when a user unknowingly installs it via a downloaded file.COVID-19, better known asÓmicron, are still making themselves felt in both this and traditional markets. However, there are certain announcements that seem to shed a little more light on the subject.

While the teams of scientists agree that this variant has a much faster rate of spread a price difference between asking and selling prices of the asset. and symptoms that can be much more intense, theOMS recently said he ruled out the possibility that this could lend itself to a new international airport blockade, so the invitation is not to close the borders of the countries or to paralyze activities, but to be more consistent with biosecurity measures to reduce the rate of infection.

In addition to concerns about the virus, tensions also remain over the future of the US economy, which is expected to begin implementing changes soon to address a place where cryptocurrency can be sent to and from, in the form of a string of letters and numbers. the inflationary problems weighing on the sector.

As we indicated in our previous editions, given the current uncertainty, we invite readers to operate with great caution in order to avoid adverse results in their trading operations.

Cosmos yPolygon of al alza

Pero destacando entre las principales altcoins tenemos los casos de Cosmos ( ATOM ) yPolygon ( MATIC ), two currencies that are rising today and capitalizing on gains gains refer to an increase in value or profit. of more than 15% in the last 24 hours.

Let’s start with Cosmos, as at this hour its token a digital unit designed with utility in mind, providing access and use of a larger crypto economic system. is trading at around USD $30.95 per unit, capitalizing gains of 18% throughout the day. Let’s keep in mind that the project aims to become a space of connection between different networks.Blockchain, which has apparently been gaining a lot of traction in recent weeks.

On the other side isPolygon, whose token increased by more than 15% and is trading at the time of publication at about USD $2.32. In this case, the increase coincides with the growth of its ecosystem in recent months, especially in the sector.DeFi a movement encouraging alternatives to traditional, centralized forms of financial services. which also evolves within its network.

Winners and Losers for this December 3rd

Beyond the aforementioned cases, below we review which were the digital currencies with the most pronounced fluctuations for this December 3:

???? Winning Cryptocurrencies: none DeFiChain 19,64% (USD $4,67) none Cosmos 17.74% ($30.84) none Polygon 12,72% (USD $2,31) none Stellar 10,1% (USD $0,36) none OKB 8,53% (USD $29,3)

https://t.co/HsIx58BGZC

— Diario฿itcoin (@DiarioBitcoin) December 3, 2021

???? Losing Cryptocurrencies: none Avalanche -5.67% (USD $111.47) none Gala -5,32% (USD $0,56) none Kadena -4,31% (USD $16,33) none Waves -4,01% (USD $21,02) none Curve DAO decentralized autonomous organization, system of rules that define how a decentralized organization should operate and which actions it should take. Token -3,55% (USD $4,7)

https://t.co/HsIx58BGZC

— Diario฿itcoin (@DiarioBitcoin) December 3, 2021

To buy cryptocurrencies throughDiarioBitcoin

If you are one of those who see opportunities and want to buy cryptocurrencies in this moment of special evolution, we remind you that our sectionnone buttons are now available for you to buy your favorite digital currencies.

If you wish to purchase Bitcoin ( BTC ), prefer to buy Ethereum a decentralized open-source blockchain with smart contracts functionality. ( ETH ) or want to get someTether ( USDT ), you just have to access ournone and click on the buy button. We recommend everyone to be very attentive as this possibility will be added soon for a greater number of digital currencies.


Source:none,CoinMarketCap

Reporte de Angel Di Matteo /DiarioBitcoin

Imagen deUnsplash

Tags: 3AnalysisbitcoinCosmoscryptocurrenciesDecembermarketPolygonprecio
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Alex Coin

Cryptoinvestor. I follow the world of cryptocurrencies. Looking for the most relevant and significant news for you :)

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