Marathon’s Acquisition
In a bold move, Marathon announced its acquisition of two Bitcoin mining sites, marking its first venture into owning mining facilities. This purchase, conducted with Generate Capital’s finance subsidiaries, was an all-cash transaction valued at $178.6 million. Marathon’s operational capacity is set to soar to 910 megawatts after the deal, with 45% sourced from these newly owned facilities.
Global Crypto Market Status
The global cryptocurrency market cap currently sits at $1.61 trillion, with a decline of 0.15% in the past day. There has been an overall decrease in trading volume in the crypto space, particularly a significant downturn of 10.66% in the last 24 hours.
NEAR Protocol (NEAR)
NEAR is the cryptocurrency to watch today, with a significant 18% surge. Recent market activity broke the price beyond the long-held range, reaching for new resistance levels. Technical indicators suggest a potential upward trajectory for the coin, supported by a rise in buying pressure.
Mina (MINA)
The Mina Foundation has undergone a leadership reshuffle in preparation for its relocation to Switzerland. This could impact the MINA token over time, as new upgrades are expected to go live soon. MINA has seen a 6.45% increase in the past 24 hours, with a market value of $0.754.
Meme Kombat (MK)
Meme Kombat is making waves in the crypto community, managing to secure a substantial $3.8 million during its ICO. This new token aims to combine play-to-earn, staking, and GambleFi elements, positioning itself as a potential successor to Shiba Inu in terms of investment potential.
Oasis Network (ROSE)
The ROSE token, underlying the Oasis Protocol, has experienced significant growth in value, with a surge of 24.98% over the past week. This cryptocurrency focuses on privacy preservation and scalability, offering a promising outlook for potential investors.
Hot Take
The crypto market continues to show exciting potential, with promising new developments and emerging opportunities creating waves of activity. As companies like Marathon mark their entry into new sectors and protocols like NEAR and Mina undergo leadership changes and significant upgrades, the cryptocurrency landscape presents an ever-evolving and dynamic environment for investors. Keep an eye out for these and other potential cryptocurrency movers in the coming days and weeks.
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