New Delhi: The global cryptocurrency market capitalisation suffered a fall of 1.35% to stand at $1.72 trillion, over the last 24 hours. The trading volumes on the other hand, jumped 19.71% to $81.67 billion during the same period.
The total volume in decentralised finance (DeFi) stood at $12.59 billion over the last 24 hours, constituting around 15.42% of the 24-hour cryptocurrency trading volume. The total volume in stablecoins accounted at $66.78 billion, around 81.77% of the 24-hour cryptocurrency trading volume.
On Monday morning, Bitcoin was trading at $37,950.46 while the market dominance rose 0.00% to 41.87%. In terms of rupees, Bitcoin fell 0.44% to trade at Rs 30,15,386 while Ethereum fell 1.46% to Rs 2,09,457.1.
Other major cryptocurrencies including Cardano was other by 2.27% to Rs 69.29, while Avalanche fell 5.26% to Rs 5,880.01. While Polkadot rose 0.22% to Rs 1,388.16, Litecoin was down 0.91% Rs 8,195.06 in the last 24 hours. Tether was up 0.61% to Rs 79.16.
Memecoin SHIB was down by 0.64% while Dogecoin fell by 0.29% to trade at Rs 9.7. Terra (LUNA) fell 1.87% to Rs 5,794.7.
Meanwhile, a decentralized autonomous organization (DAO) has been formed to raise money for Ukrainian soldiers who are facing attacks from the Russian forces. UkraineDAO, a fundraising effort organised by members of the investment group PleasrDAO, the NFT studio Trippy Labs, and the Russian art collective Pussy Riot has raised over $3 million in Ethereum-based token.
The project is getting a nod from other politically-minded fundraisers DAOs such as AssangeDAO (supporting embattled WikiLeaks founder Julian Assange) and ConstitutionDAO, which tried and failed to purchase an original copy of the U.S. constitution at auction. UkraineDAO joined the Ukrainian government in an attempt for cryptocurrency donations to help resist the Russian invasion.
The contemporary indie filmmakers are seizing the opportunity to break into the industry using cryptocurrency and NFTs to fund their projects. For example, Miguel Faus’ debut feature film, “Calladita,” will start its crowdfunding campaign on March 2 by offering NFTs as rewards and exceptional perks for NFT owners who contribute to the raise. Different from the traditional crowdfunding raise on Kickstarter or Indiegogo, Faus said, “The whole reward system is kind of subverted. The interests of the backers and the creators are much better aligned.”
