Cross-chain decentralized finance (DeFi) platform Clover Finance (CLV) is the winner of the fifth parachain auction slot. With 9.7 million DOT contributed, worth $242 million at current market rates, Clover Finance finished ahead of Efinity and Manta Network. Clover, along with other parachain auction winners will be deployed on their respective Polkadot side chains on December 18.
After another week of a rather bearish trend, the total valuation of the cryptocurrency market dropped to $2.50 trillion. In the last week, BTC lost over 8% and ETH over 6%. However, cryptocurrencies from the so-called “ETH killers” group were hit the hardest, as Cardano (ADA), Polkadot (DOT), and Solana (SOL) all suffered losses of nearly 20%. While red numbers are without a doubt something you don’t want to see in your portfolio, the drop in price also means that some cryptocurrencies are currently undervalued. Which are the coins that are currently changing hands at a discounted price? Which coins look like a good investment in Week 48? Find out the answers to these questions and more in the following article.
Enjin has announced the public release of the Efinity (EFI) token, the native utility and governance token for the Efinity non-fungible token (NFT) blockchain. On its release date, EFI will be listed on OKEx, Blockchain.com Exchange, and CoinList, alongside DEXs like Uniswap and SushiSwap. The token supply is capped at 2 billion.