Crypto: Harmony hits all-time high on Apple Pay plans; Stacks surges on Bitcoin NFTs


A cryptocurrency called Harmony (ONE) is surging after developers released a busy development roadmap, on an otherwise lacklustre day on the markets.

This morning Harmony was the second-biggest gainer in the top 100, rising 16.8 per cent to US25.42c. It hit an all-time high of 26.2c yesterday and has gained 40 per cent in the past seven days.

Over the weekend the Harmony team revealed that it was working to make its 1wallet integrate ApplePay and bank wires, although details were sparse on what that would actually mean.

The No. 56 crypto, Harmony was founded by former Apple engineer Stephen Tse. It uses sharding to solve the scalability issues that have plagued Ethereum, which is planning to ship shard chains sometime next year.

Stacks surges on Bitcoin NFTs

Stacks was the biggest gainer in the top 100, rising 29.5 per cent to US$2.24.

The platform for bringing smart contracts to Bitcoin has gained 68.1 per cent in the past week and is at a six-month high following a push into Bitcoin NFTs.

NFTs like ByteFighters and StacksPunks were selling at a floor price of 42 and 63 Stacks apiece this morning.

Crypto market down 2.6%

Overall, the crypto market at US$2.3 trillion, down 2.6 per cent from yesterday, and had earlier this morning hit a four-day low of US$2.72 trillion.

Close to lunchtime (Sydney time), Bitcoin was trading for US$54,940, down 0.2 per cent from 24 hours ago, while Ethereum was changing hands for US$3,436, down 3.9 per cent.

Coingecko

Other cryptos in the top 20 like Dogecoin, Terra, Avalanche and Chainlink had all fallen around four per cent.

Justin d’Anethan, head of exchange sales at Singapore-based digital asset company Eqonex, tweeted that with rumours of an upcoming United States Bitcoin ETF approval flying, “I suspect a large chunk of investors – including definitely #institutional ones – are focused on $BTC.”

There’s four different Bitcoin futures ETFs that the US Securities and Exchange Commission could approve this month, according to Bloomberg News.

On the flip side, Tezos was the worst loser in the top 100, falling 11.3 per cent to US$7.16.

The self-amending blockchain hit an all-time high of US$9.12 six days ago but has now dropped 21 per cent off that peak.

 

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