On February 9, the American professional baseball team based in Washington, D.C., the Washington Nationals, announced the team has partnered with Terra, the open-source blockchain platform and decentralized autonomous organization (DAO). The Washington Nationals detail that the team is a “leading innovator” and is “consistently introducing new technologies to enhance the fan experience.” Washington Nationals Ink Long-Term Deal With Terra Major League Baseball (MLB) team the Washington Nationals has partnered with the blockchain platform and DAO Terra, according to an announcement published by the team on Wednesday. The deal with Terra follows a slew of sports-related deals with crypto firms, but the MLB team will be the first to partner with an open-source blockchain project. In addition to the partnership, the algorithmic stablecoin UST that’s issued on the Terra blockchain will be “accepted as a payment method at Nationals Park as early as next season.” “The Nationals continue t...
Cryptocurrency’s combined market cap has tagged $3 trillion for the first time as top altcoins push into all-time highs.
With Bitcoin trading within 2% of its all-time high while Ethereum, Solana, and Polkadot push into previously uncharted price ranges, CoinGecko estimates that the combined cryptocurrency market cap has broken above $3 trillion for the first time.
According to CoinGecko, the total crypto capitalization broke into new highs above its previous record of $2.62 trillion on Oct. 20 and has increased by a further 14.5% in less than three weeks.
The combined crypto market cap had previously topped out at a peak of nearly $2.62 trillion on May 12 of this year, before bouncing off a local low of $1.24 trillion on July 20. The previous bull cycle saw the total digital asset capitalization post a high of $848.6 billion on Jan. 6, 2018.
CoinGecko’s data tracks 10,418 digital assets across 518 cryptocurrency exchanges.
Despite Bitcoin’s impressive price gains during the past two years, BTC’s market dominance has fallen by 42.8% since tagging a top of 70.8% on Sep. 6, 2019.
While Bitcoin still beats out its closest rival by more than double in terms of market share with 40.5% or $1.22 trillion compared to Ethereum’s 18.6% or $560 billion, the combined capitalization of all other cryptocurrencies is 40.9% or $1.24 trillion — evidencing the increasing plurality of the digital asset sector.
Related: Meme tokens and dogcoins flood the market as price wars heat up
According to Messari’s Ethereum screener, which currently tracks 209 projects that have been built on the network, the Ether ecosystem currently represents a market cap of $829 billion or 27.6% dominance.
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