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Six of the top ten cryptocurrencies were trading in green on Tuesday. Binance Coin showed the highest gain of 4.87% to $493.84 for the second consecutive day. Similarly, Dogecoin also rose by 4.61% to $0.24. The world’s oldest and largest cryptocurrency Bitcoin rose by 1.02% to $62, 732.93. Ethereum, the second largest token declined by 0.76% to $3,819.47. Others like Polkadot and Solana fell by 3.64% and 0.73% respectively. In terms of ranking, USD Coin one place lower to tenth, while Dogecoin move one spot higher to ninth in the last 24 hours.
Cryptocurrency prices
Dogecoin is fun, Bitcoin better gold than gold: Mark Cuban
In an interview with CNBC, Billionaire Mark Cuban said that he picked Bitcoin, Ethereum and Dogecoin as important of them all, when he was asked as to what cryptocurrencies he would suggest to new investors.
Cuban said that Dogecoin has one of his preferred crypto, as it was a good option to learn the ropes of cryptocurrency and its impact on the market. He also added that Dogecoin was fun.
The billionaire said that Bitcoin is a better gold than gold, due to its algorithimic scarcity. There is only a limited amount of this coin available, which has helped its market cap reach new heights, he said. On the other hand, he said Ethereum has the most upside as it is the closest thing to a true currency.
Chingari’s $GARI launched by Salman Khan
Bollywood superstar Salman Khan launched $GARI, the first ever crypto token from the micro-content, short video app Chingari. With this, the actor also announced his collaboration with the app as a brand ambassador for its NFT marketplace and token reward programme.
He said at the occasion that the creators are shaping the future of entertainment. Also, the motivation for creators will increase further to create newer and more engaging videos on the Chingari app, with the incorporation of the $GARI reward programme, he said.
With this foray, Chingari has reportedly become India’s first social network to issue crypto tokens. It has been offering customized videos, an extensive song library, hyper realistic AR filters and around 50 million monthly active users and almost 85 million dates to download. The token will be built in partnership with Solana.