Crypto Market Pulse (27/11/2023)

Cosmos Hub to decrease max. inflation rate of ATOM. South Korea to pilot CBDC with 100K citizens in 2024. Santander Private Bank to offer BTC and ETH trading.

Nov 27, 2023
Crypto Market Pulse

Weekly Market Index

Last week’s crypto market prices rose slightly by +2.65%. Volume decreased by -16.32% while volatility increased by +39.14%.

Crypto.com Weekly Market Index

Chart of the Week

The governing body of Cosmos Hub has endorsed a proposal to decrease the maximum inflation rate of its native token, Cosmos, from 14% to 10%. According to the proposal, the authorised modification would reduce ATOM’s annualised staking yield. The Cosmos Hub is the primary blockchain within the Cosmos network, a system of interlinked blockchains. The ATOM token is employed for staking, governance and transaction fees. A snapshot of the current staking average reward rates, staking market caps, and staking ratios for top blockchains is shown below.

Crypto.com Cosmos Hub proposal

Weekly Performance

Bitcoin (BTC) and Ethereum (ETH) rose slightly by +0.6% and +2.9%, respectively, in the past seven days. Price action for other selected top-cap tokens was mixed, with UNI leading.

Crypto.com Selected Top Cap Tokens Price Change

Selected key categories were mostly up in terms of market cap change in the past seven days, led by Gaming.

Crypto.com Selected Categories Market Cap Change

News Highlights


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Author

Research and Insights Team

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