BeInCrypto Weekly News Round-Up: March 19, 2021

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In Brief
  • The ALICE token had a strong debut, while Brave’s BAT finally closed above $1.

  • Cardano spiked over 20% after seeing inclusion on the Bloomberg terminal.

  • Despite prolonged issues with the SEC, Ripple also had a good week.

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Welcome to BeInCrypto’s weekly news roundup for March 15 – 19, where we cover all the interesting news that happened in crypto from Monday to Friday.

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This week several altcoins have performed exceptionally well, with a number of them hitting new all-time highs. The native token for the crypto game My Neighbor Alice debuted on Binance this week, sending its price soaring. Meanwhile, the Brave browser’s native Basic Attention Token (BAT) has also seen a boost. Additionally, Cardano’s price spiked over 20% after gaining interest from investors. Finally, Ripple also had a good week, despite its ongoing tribulations with the SEC.

My Neighbor Alice Debuts

After debuting on Binance on March 15, the native token for the My Neighbor Alice crypto soared. The boost saw the market cap of the coin cross the $1 billion threshold. 

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My Neighbor Alice is a multiplayer building game inspired by Nintendo’s Animal Crossing series. Players living in a virtual community, trading and interacting with other members. They can use the ALICE token to purchase in-game NFTs, which they can then trade outside the platform. There are currently 17 million ALICE tokens in circulation, with a cap of 100 million total.

BATter Up

Earlier this week, the Brave internet browser’s native Basic Attention Token (BAT) reached a new all-time high of $1.20. It has since surpassed that, reaching nearing $1.40 on Thursday, March 17. It is currently trading around $1.20.

For users of the Brave browser, BAT rewards them for looking at ads selected for them and enables them to donate to companies or content creators they support. Grayscale Investments also announced that one of its five new investment trusts would feature BAT.

Cardano Ascendant

Cardano has experienced several pieces of good news this week. On Sunday, March 14, Cardano was included on the Bloomberg terminal. The $24,000 per year tool is used by a broad spectrum of professional traders. This level of exposure is likely what contributed to a 20% jump in its price. 

On March 16, Cardano’s price went from just above $1 to nearly $1.30. It eventually went even higher, trading only about $1.40, but now trading back down around $1.30. Coinbase Pro also mentioned that it would now be listing Cardano from March 18.

Some Good News for Ripple

On Tuesday, March 16, Ripple’s native token XRP traded as high as $0.52. This is the highest it’s been since the crypto markets took a tumble in late February. This bit of good news comes in light of the latest development in Ripple’s ongoing dealings with the US Securities and Exchange Commission (SEC). 

The same day Ripple filed a motion asking the SEC to draw up bitcoin documents and ether. The company did this because it asserts that two assets are closely analogous to its own XRP, while the SEC made no mention of them, it is proceeding against Ripple. Because of this, Ripple feels as though the regulatory body is singling it out.

Tune in next Friday for BeInCrypto’s latest weekly roundup!

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.
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Nick is a data scientist who teaches economics and communication in Budapest, Hungary, where he received a BA in Political Science and Economics and an MSc in Business Analytics from CEU. He has been writing about cryptocurrency and blockchain technology since 2018, and is intrigued by its potential economic and political usage. He can best be described as an optimistic center-left skeptic.

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