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Cryptocurrency News Articles

Today's Biggest Crypto Gainers: Ankr Network, Astar Network, Dogecoin, and PancakeSwap

Aug 12, 2024 at 01:58 pm

Today’s crypto market features top gainers such as Ankr Network, Astar Network, Dogecoin, and PancakeSwap. Ankr Network shines with its decentralized infrastructure and versatile Web3 tools, enhancing blockchain development and staking. Astar Network excels in integrating various smart contract platforms within its multi-chain framework, boosting interoperability.

Today's Biggest Crypto Gainers: Ankr Network, Astar Network, Dogecoin, and PancakeSwap

Ankr Network (CRYPTO: ANKR) shares soared 7.97% on Monday morning. Ankr Network is a decentralized infrastructure provider with nodes across 50 Proof-of-Stake networks. It supports Web3 tools such as Ankr Build for developer solutions, Ankr Earn for staking and yield opportunities, and Ankr Learn for blockchain education. The ANKR token is essential for transactions, governance, and node monetization.

Astar Network (CRYPTO: ASTR) shares rose 6.81% on Monday morning. Astar Network equips developers with crucial tools for building DApps and layer-two solutions. It provides interoperable Web 3.0 infrastructure, financial incentives, incubation programs, and technical support. Also, it supports both EVM and WASM smart contracts, enabling them to coexist and communicate. Moreover, it connects the Polkadot ecosystem with layer-one blockchains like Ethereum and Cosmos, serving as a multi-chain hub for DeFi, NFTs, and DAOs.

Dogecoin (CRYPTO: DOGE) shares gained 3.07% on Monday morning. Dogecoin, inspired by the popular “doge” Internet meme featuring a Shiba Inu, was initially designed as a fun and light-hearted cryptocurrency. It aimed to attract a broader audience beyond Bitcoin’s core users. Unlike Bitcoin, Dogecoin uses Scrypt technology rather than the proof-of-work protocol. It features a 1-minute block time and has an uncapped total supply, meaning there is no limit to the number of coins that can be mined.

PancakeSwap (CRYPTO: CAKE) shares edged up 2.84% on Monday morning. PancakeSwap is a decentralized exchange built on the BNB Chain. It enables users to trade tokens without relying on a centralized exchange. The platform offers various products, including token swaps, yield farming, syrup pools for staking CAKE, and Ethereum liquid staking (wBETH). Additionally, it features a game, a prediction market, Initial Farm Offering (IFO) token launches, a bridge to Ethereum and Aptos, a lottery, and an NFT marketplace.

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