A Week of Crypto Accolades

Each week, before presenting you the most interesting news, insights and projects in the crypto sphere, we pause to scan through our Twitter, Inc. (NYSE: TWTR) channel for everything that has been shared in the previous week. This is how we keep a finger on the pulse of what the crypto community is buzzing about!

So, without further ado, here are some crypto stories from the last week that drew a lot of attention!

Last week, we launched a tweet about a new development for Cardano (ADA, Tech/Adoption Grade “B-”), one of our favorite projects in the space:

This news came just a few days after the proof-of-stake blockchain platform announced its partnership with another African country: Ethiopia.

That brings the list of countries that signed the memorandum of understanding with IOHK, the company behind Cardano, to three: Georgia, Ethiopia and Tanzania.

For IOHK, the goal for their efforts in Africa is simple: “It’s a hard country, so if we make it there, we can make it anywhere,” said John O’Connor, IOHK’s director of African Operations. 

For many HODLers, — crypto slang for those who hold assets long term — this development is definitely a bullish sign, showing Cardano is making good on its promises. As for us, this just reinforces what we’ve been saying repeatedly for many years now:

The last seven days were all about accolades. Another of our tweets went out to another project, Chainlink (LINK) for achieving an equally awesome milestone: a new all-time high (ATH).

We also congratulated its fans, who like to use the moniker LINK Marines to identify themselves ... and to differentiate themselves from Ripple’s (XRP, Tech/Adoption Grade “B-”) XRPArmy:

As you can see from the tweet above, it’s obvious Chainlink is also high on our list of favorites and has been for quite a while, despite some in the community and crypto media questioning our reasoning. Time proved our assessments were on the spot.

For example, in June 2020, we said:

At that time, Chainlink traded for $4.04. Since then, its price has exploded more than 10-fold. It’s currently listed at $47.45.

Let’s not forget the underdog of crypto, — pun intended — Dogecoin (DOGE, Tech/Adoption “C+”). On May 5, the meme coin overtook XRP and became the fourth-largest cryptocurrency in the world. While we congratulate the growth, we’re also aware DOGE is hugely speculative and should be treated as such.

We also gave some spotlight to the Queen of Altcoins this week through an interesting poll:

It showed just how bullish our community is towards Ethereum (ETH, Tech/Adoption Grade “A-”). At the time of writing, Ethereum was up yet another 3% over the past 24 hours as it had set a new all-time high above $3,600.

We noticed these moves with a set of tweets covering several bullish indicators:

We congratulate the HODLers, and still believe ETH has more room to run this bull cycle. However, it seems unlikely ETH can compete with Bitcoin (BTC, Tech/Adoption Grade “A-”) in terms of attracting institutional capital at this point in time.

Ethereum is still grappling with severe scalability issues, which are only exacerbated with higher prices:

Of course, upgrades to the ETH blockchain have already started to alleviate these issues, and its potential as the world’s leading smart contract platform cannot be underestimated. But Ethereum still has a long, sometimes uncertain, road of development ahead of it. And more often than not, uncertainty means volatility.

If you’re looking for actionable insights and useable information as ETH — and the rest of the crypto market develops — and we’ve got you covered. Follow us on this journey as we uncover trends, investigate the latest projects and analyze the latest news and data in the industry.

Got questions? Comments? Insights? Follow us on Twitter and let us know. We’ll make sure to address your concerns and answer any questions you might have.

Best wishes,

Jurica Dujmović

Social Media Community Manager

About the Contributor

Jurica Dujmović has been a creator, collector and investor in digital art, including the rapidly evolving non-fungible tokens (NFT) space since its inception nearly a decade ago. He’s also passionate about digital currencies and writes about crypto trends, including what’s new in the Weiss Crypto Ratings, in Weiss Crypto Daily. 

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