Coinbase shares jumped 60% in 2024 and regained the listing price

Coinbase (COIN) shares have seen remarkable gains in recent weeks, returning to their listing price and trading above $252 at the time of writing, representing a 60% year-to-date gain.

 

On March 8, shares rallied to top $250 for the first time in two years, following a significant decline during the cryptocurrency winter that saw shares fall to $33 in 2023. Coinbase shares have risen over the past year. more than 300%.

 

Meme tokens raise Ethereum fees to a two-year high

Increased network activity amid the meme coin hype benefits Ethereum investors by rapidly reducing inflation, but makes the blockchain more difficult to use. This is stated in the IntoTheBlock study.

According to analysts, between March 2 and March 9, the volume of commissions on the Ethereum main network reached $193 million, which is the highest value since May 2022. Over the week, the figure increased by more than 78%.

This activity is largely due to the new wave of popularity of meme tokens and the increased number of speculative transactions with them, experts emphasized. In seven days, coins like SHIB, PEPE and FLOKI increased in price by 35%, 30% and 95%, respectively.

 

Bitcoin overtook silver in market capitalization to become the eighth largest asset in the world

On March 11, 2024, Bitcoin overtook the silver market in market capitalization to become the eighth largest financial asset in the world.

Bitcoin's current market capitalization is over $1.4 trillion, which is already larger than Tesla and many other companies in the world, except for the six most valuable: Microsoft, Apple, Nvidia, Saudi Aramco, Amazon and Alphabet, as well as gold.

 

Cryptocurrency Toncoin (TON) reached a two-year high amid news of a possible IPO of the Telegram messenger

According to CoinMarketCap, the price of Toncoin (TON) increased by almost 16.10% on March twelfth, to $3.23. Trading volumes also skyrocketed by 170% to US$154 million in those 24 hours, indicating increased interest among traders in the coin.

 

TON has grown by almost 50% over the past month amid high-profile announcements. The first impetus for growth was the announcement of the Telegram messenger that it would pay channel owners for advertising in cryptocurrency. Later, the Binance cryptocurrency exchange announced the launch of trading in perpetual futures for the TON token.

 

Another growth factor was the recent interview of Telegram founder Pavel Durov for the Financial Times about a possible initial public offering (IPO).

 

MetaMask and Mastercard began testing the first blockchain payment card

The developers of the non-custodial crypto wallet MetaMask, together with Mastercard, began testing the first blockchain-based payment card issued by the Baanx crypto payment platform. According to a press release, the card will be "the first truly decentralized Web 3.0 payment solution, allowing users to spend cryptocurrency on everyday purchases wherever cards are accepted."