Cryptocurrency Klaytn (KLAY) has jumped above $4 for the first time in its history after the digital asset gained nearly 20% within the last 24 hours. The total market cap of Klaytn touched $10 billion on 29 March.

According to the latest data published by Coinmarketcap, Klaytn (KLAY) is now the 13th most valuable cryptocurrency in the world. The total market cap of Klaytn is now more than Bitcoin Cash, Stellar, Filecoin and Dogecoin.

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Klaytn is a blockchain project of Korea’s internet giant, Kakao. According to the official description of the project, Klaytn is an enterprise-grade, service-centric platform that brings a user-friendly blockchain experience to millions by combining the best features of both public blockchains (decentralized data & control, distributed governance) and private blockchains (low latency, high scalability) via an efficient ‘hybrid’ design. KLAY is the official cryptocurrency of the project which was launched in 2020.

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KLAY is up by more than 700% since the start of 2021. As of writing, the cryptocurrency is trading near $4.06 with a total market cap of $9.94 billion.

According to an official announcement by the company, the OpenSea platform will support Klaytn NFTs. The non-fungible token (NFT) market is booming amid growing interest from retail and institutional investors. The company’s latest integration with OpenSea will allow Klaytn-powered NFTs, ranging from game items and characters to digital arts, to be supported, with peer-to-peer trading to take place by the end of June.

“We believe that supporting the Klaytn blockchain and its growing NFT community empowers the blockchain space that can invite even mainstream audiences to experience Klaytn’s unique digital items and goods,” Devin Finzer, CEO at OpenSea, mentioned in the official press release.

The cryptocurrency market has grown significantly since the start of 2021. The overall market cap of digital assets jumped by more than $1 trillion in the last 12 weeks. KLAY remained one of the best performing cryptocurrency assets in the last 7 days as the digital currency gained nearly 32% in a single week.

Today we invited our service partners to join us for an exclusive Klaytn partners meeting. Following the social distancing guidelines, we held the meeting both online and offline for the participating service partners. A majority of them attended via Google Hangouts while a number of them visited our Ground X office. Dedicated to providing user-friendly blockchain experience for users, Klaytn has partnered with over 50 blockchain projects in various industry domains including payment, finance, healthcare, entertainment, gaming, etc. For detailed information on Klaytn BApps, you can refer to or. Klaytn is also partnering with various players that enhance the usability of Klaytn BApps including software/hardware wallets, device manufacturers, financial institutions, global NFT (Non Fungible Tokens), marketplaces, etc. to further expand the blockchain ecosystem. Through this, we plan on improving the variety and convenience of accessing Klaytn-based blockchain services. For more information on our partners, you can refer to the recently released. At the gathering today, Jason shared the vision and roadmap of , the digital asset wallet service set to launch in a few months via messenger service. Klip allows users to store and transfer digital assets including Klaytn’s token KLAY and Klaytn compatible tokens, along with NFT’s. Users can also browse a number of Klaytn BApps through Klip. Jason also introduced the blockchain API service that would considerably lower the hurdle for building blockchain applications. Typically, the developers need to utilize the Smart Contract programming to build blockchain applications; however, our blockchain API service can alleviate such difficulties by offering various functions in the cloud computing service for developers to easily utilize. In the first half of the year, Ground X will release a Klip-focused internal version, with further plans to release the official by the second half of the year. The event ended with Q&As and discussions between partners and the Klaytn team. We seek to continue enhance the development environment for developers to easily build and operate blockchain applications. And together with our partners, we look forward to producing user-friendly blockchain services. We will also continue building more partnerships to trigger the mass-adoption of blockchain experience for millions of users across the world. Further, we seek to continue holding more meetings to further strengthen communication and also lead our journey together toward driving mass blockchain adoption. Thank you. [About Ground X]Ground X is the blockchain affiliate of the leading South Korean Internet company, Kakao. With a mission to trigger the mass adoption of blockchain experience for millions of users, Ground X is developing a public blockchain platform, Klaytn. Ground X invites businesses to not only offer cutting-edge blockchain-based services through Klaytn but also collectively operate the platform. Ground X is committed to making blockchain technology easy to reach and use, paving the road for a wider audience to appreciate its value. In doing so, Ground X also focuses on leveraging blockchain to drive social impact and creating a stable blockchain ecosystem. For more information, visit. [About Klaytn]Klaytn is a global public blockchain platform developed by Ground X, the blockchain subsidiary of the leading South Korean Internet company, Kakao. Klaytn is a service-centric blockchain platform providing intuitive development environment and friendly end-user experience. It is built upon solid reliability and significant stability with substantial service development for mass adoption. The platform allows real world applications of large scale to be produced right away so that our end-users can make full use of services without much expertise in blockchain or cryptocurrency. [Klaytn official community] Written by

Today we are excited to announce a new partnership program: ‘DevTools Partners.’ The first partner to join is Ozys, which has earlier participated in the Klaytn ecosystem to build a decentralized token swap tool called ‘Klaytn Swap’ using its ‘Orbit Chain.’ Through the new devtools partnership, Ozys plans to build various blockchain-based protocols and modules for the Klaytn ecosystem. Ozys will first work on enhancing ‘Klaytnscope,’ the block explorer that monitors block activities on the Klaytn platform. It will also optimize ‘Klaytn IDE,’ the web-based compiler that allows developers to build Klaytn smart contracts without installing a separate development tool. Further, Ozys will develop more protocols that can organically connect Klaytn network, blockchain applications, and users. We will offer active support for Ozys including development support and co-marketing programs. Thank you. [About Klaytn]Klaytn is a global public blockchain platform developed by Ground X, the blockchain affiliate of the leading South Korean Internet company, Kakao. Klaytn is a service-centric blockchain platform providing intuitive development environment and friendly end-user experience. It is built upon solid reliability and significant stability with substantial service development for mass adoption. The platform allows real world applications of large scale to be produced right away so that our end-users can make full use of services without much expertise in blockchain or cryptocurrency. [Klaytn official community] Written by Written by

This video represents, to our knowledge, the last recorded conference and public appearance of the official Klaytn team before the COVID-19 situation hit. Naturally, business events and conferences like these will be postponed until public events are possible again. We noticed that this presentation didn’t get as much traction as it deserved on SFBW’s YouTube channel, therefore we decided to redigest it, along with a brief summary of the most interesting talking points. As you might notice, our summary will discuss the first part in more detail while for the latter, we’ll provide some overview material from the technical documentation as it’s our opinion this part is definitely worth the watch! We plan to dig a bit deeper and provide more context on the technical design of the Klaytn blockchain in several of our future “Learning Klaytn” episodes. is where blockchain startups, enterprise companies, academics, developers, and investors from around the world come together to define the future of blockchain and cryptocurrencies. Last year, Klaytn held their exhibit booth at SFBW Epicenter @ Marriott Marquis from October 31st to November 1st. One of Klaytn’s slogans is “making blockchain invisible as a means to achieve mass adoption” Achievements Compared to the transactions per second in web services or mobile app services, basically people cannot wait for more than 2 seconds. So if you can achieve 1-second finality, then it means that the person will not realize if it’s a blockchain-enabled service or not. Usually when talking about blockchains people think: With a 1-second block finality and 4,000 TPS it’s possible for any company to implement Klaytn platform into their services and it will not provide any problems to the users in terms of UX perspective. This is why we can say Klaytn is a service-oriented and enterprise-ready public blockchain platform. Kakao Talk Messenger is a dominant messenger platform in Korea with around 50M daily active users. Now, this doesn’t mean that Klaytn boasts these numbers but they can definitely aim to leverage them towards BApps. Simply said, whenever someone decides to code a DApp on the Klaytn platform, then the 50M users of the Kakao Messenger Platform can become their potential customers. Kakao is developing applications for numerous services as can be seen on a screenshot of. This means that teams developing BApps on the Klaytn platform can focus on whatever part of the economy they prefer and then try to leverage Kakao’s existing client userbase. From the Kakao Talk there’s a menu via which users can navigate to the Klaytn wallet. Klaytn plans to integrate the wallet and the native cryptocurrency KLAY into the Kakao Talk messenger platform. Back in March, Kakao announced plans to integrate a Klaytn wallet, aka Klip, in its Kakao Talk messenger. Based on the existing 50 million user pool, GroundX is putting their best efforts for a soft landing for the mass adoption of Klip. One more fun fact: We recently launched the Klaytn Phone, which is a Galaxy Note 10 manufactured by Samsung. This cooperation marks a huge achievement for Klaytn. Samsung integrated the Klaytn native token KLAY into their cryptocurrency wallet aside from other cryptocurrencies like Bitcoin, Ethereum and Tron. As previously mentioned our Cypress mainnet achieves a 1-second block generation time which means every second a block is generated and finalized. Aside from that, the chain has a 4,000 TPS performance. To achieve these numbers we adopted a scalable and secure PBFT algorithm for our consensus. For the consensus part, we have governor’s council members that participate as nodal operators and block validators. Currently, we have 26 members in the governance council — this was destined to be for our network model. For the application model, Klaytn provides a unique account and transaction model, i.e. there is a so-called fee delegation mechanism that allows an adoption-friendly engagement channel between a service’s users / end consumers and service providers. We call it adoption-friendly because, in a typical blockchain, a user has to pay for a transaction though with Klaytn, it’s the service providers that pay for it. For the transaction fee part, the Klaytn team has reduced the gas cost as low as possible so it’s currently about as low as one-tenth of Ethereum’s average gas fee per transaction. We support EVM and Solidity for smart contract development and with these features we have more than 50 service partners who are building their service on top of Klaytn. More details about the above and what comes next can be found here: How to participate in KlaytnCommunityWritten by

An under the radar crypto project may soon sail into the top ten crypto assets by market cap.

Enterprise-grade blockchain project Klaytn (KLAY) is attempting to break up the crypto market’s big ten.

In the past three months, KLAY has grown by 913% from a low of $0.43 to a high of $4.36 according to CoinMarketCap.

Currently Klaytn is 15th on the top coins by market cap, sitting right above Stellar (XLM) and only three spots below Chainlink (LINK).

To jump into the top 10, KLAY would have to appreciate in value by approximately 23%.

The project seeks to increase blockchain adoption on a global scale by providing a user-friendly experience and by leveraging decentralized and private blockchain tech to offer institutional grade security.

According to a recent press release, Klatyn’s blockchain will be the second-ever supported public network on OpenSea, a non-fungible token (NFT) marketplace.

The news comes as NFTs, which can represent unique digital or real-world assets such as art, virtual land, event tickets or even tweets, are skyrocketing in popularity.

“The integration with OpenSea will allow Klaytn-powered NFTs, ranging from game items and characters to digital arts, to be supported, with peer-to-peer trading to take place.”

Klaytn NFTs will be available to trade in June on OpenSea. Those who wish to buy and sell digital assets on their platform will need to set up and connect their Kaikas wallet to pay for items with KLAY.

KLAY is currently slightly down from its high and is sitting at around $4.11 as of writing.

Featured Image: Shutterstock/Liu zishan

Supply: iStock/atakan

Huobi token (HT), the local token of primary crypto change Huobi, is the most productive acting best 20 coin nowadays after the corporate introduced it joined the governance council of Klaytn (KLAY) on Monday.

At pixel time (09:41 UTC), HT trades at c. 4.51 and is up through nearly 8% in an afternoon, expanding its weekly features to 33%. The associated fee may be up through 43% in a month and 341% in a yr.

HT worth chart:

Supply: coinpaprika.com

As reported the day past, Huobi joined the governance council of Klaytn, the Kakao Workforce’s (South Korean Web large) blockchain community. Huobi has been making an attempt to lift the profile of its Huobi Korea department in contemporary months. Klaytn is now increase a selection of crypto change companions, together with the likes of Binance and OKEx. Additionally, a number of the 28 participants of the council are such firms as LG Electronics and Union Financial institution of the Philippines.

In line with Sangmin Website positioning, the Head of Platform Workforce at Flooring X, Kakao’s blockchain unit, Huobi will paintings with different Council participants to collectively run and govern the Klaytn platform, “in addition to create use circumstances that may foster the advance of the worldwide blockchain ecosystem.”

The inside track unearths a development within the Huobi industry type, because the company seeks to hook up with the wider blockchain neighborhood. Already internet hosting the KLAY token, Huobi now could have a better affect at the construction of this South Korean blockchain.

Klaytn’s mainnet went live to tell the tale June 27th. On the time, Kakao stated that its permissioned blockchain platform Klaytn is as much as 15 instances sooner than Ethereum, which is a permissionless and extra decentralized blockhain.

TEMCO, a blockchain based supply chain data management, and e-commerce platform announced a strategic partnership with Klaytn, developed by Ground X, a subsidiary company of Kakao Corp, known for its globally renowned messaging service KakaoTalk. TEMCO is klaytns initial blockchain service partner, expecting mass user adoption of blockchain based e-commerce platform, GUHADA, through the partnership. TEMCO and Klaytn share a strong belief in the promise of blockchain technology and its applications. Both will work jointly promote healthy blockchain ecosystem, including increasing the accessibility of the blockchain based services and usability of TEMCOs upcoming blockchain based e-commerce platform with supply chain

XRP price – Bitcoin price and Altcoins Rebound, Kakao’s KLAY Suddenly Enters Top 20; Arweave and Ankr Clinch New Record Highs

Bitcoin price is on a rebound after massive declines since the beginning of the week. Shortly after attaining highs of $60,100 on Mar. 18, Bitcoin price entered a downtrend till bulls bought the dip at $50,305. Following the quarterly Chicago Mercantile Exchange (CME) Bitcoin and Ethereum options expiry and as the weekend approaches, investors expect Bitcoin price and Altcoins to gain ground from the current price levels.

Bitcoin leads the rest of the crypto market in a collective rebound, up by 4.50% at a present price of $54,700. Ripple (XRP) also posted gains of nearly 8% over the last 24 hours. Some selected Altcoins have posted double-digit gains including Terra (+11.39%), Holo’s HOT (+23.40%), Filecoin (+27.71%), and THORChain (+22.25%) while Arweave and Ankr clinched new record highs.

Klaytn (KLAY) is Kakao’s enterprise-grade, a service-centric platform that aims to bring a user-friendly blockchain experience to millions of users. Recent reports indicate that crypto exchange trading in South Korea is on the rise. Earlier in March, the reported volume across major platforms temporarily exceeded the market activity of the country’s stock market.

This has led many Analysts in South Korea to predicting a significant share price increase for internet giant Kakao (Kakao runs the most popular chat app in South Korea while making crypto transactions a part of their messaging app, KakaoTalk) amid the current Bitcoin bull market.

Last year September, Data indicates that Coinone, a South Korean exchange, saw its user base rise by about 10,000 people per month after listing Kakao’s Klaytn (KLAY) token in June. Fast forward to this year 2021, Klaytn (KLAY) suddenly emerges in the top 20 cryptocurrencies by market cap as listed by coinmarket cap.

Arweave (AR), a decentralized storage network that seeks to offer a platform for the indefinite storage of data rose to all-time highs of $26.20 on Mar. 26.

The reason why Arweave (AR) is on the rise? Data storage remains a profitable business. Arweave stores data in a decentralized manner and asserts that it will be stored forever unlike centralized companies where users have to blindly accept their policies and hope the company will not go out of business and that they also use proper security measures to safeguard the data.

This is paramount during the present non-fungible token (NFT) frenzy where buyers are paying a huge amount in dollars to buy NFTs of their choice. If the NFT is misplaced or stolen due to any reason, it will incur a huge loss to the buyer. Therefore, Arweave’s claim of permanent storage may seem appealing for NFT owners.

At the time of writing, Arweave is trading at $25.13, up 25.28% in the last 24 hours and 36.12% weekly.

Filecoin, another decentralized storage system that aims to “store humanity’s most important information” has been on a tear since mid-March rallying to highs of $119. The asset has gained 28.45% in the last 24 hours and 41.66% weekly.

The Ankr network is a blockchain-based distributed computing platform that aims to create an easy and affordable way for developers to deploy multiple blockchains to leverage idle computing power from devices and data centers.

Following a Coinbase listing on Mar. 25, ANKR rallied to new all-time highs of $15.24 (as seen on Binance). ANKR is up by 49.16% in the last 24 hours and 107.16% weekly as at the time of writing while trading at $0.1389.

Image Credit: Shutterstock

XRP price – Bitcoin price and Altcoins Rebound, Kakao’s KLAY Suddenly Enters Top 20; Arweave and Ankr Clinch New Record Highs Tags: XRP price

Mobile storage infrastructure network AntNet revealed its plans to strengthen its collaboration with South Korea’s leading blockchain network Klaytn. In the official tweet, AntNet stated that Klaytn is the best suitable blockchain to develop its technology and other products. It further added that the team plans to deliver more blockchain applications to promote the ecosystems. AntNet is a mobile storage and data transfer infrastructure solutions network, which recently launched the Antube mobile video content sharing application. Its underlying ANT blockchain is built on a peer-to-peer protocol specifically designed for mobile platforms and IoT. Antube was built in partnership Klaytn, and the mobile content community has managed to gather millions of users. Commenting on their partnership with Klaytn, AntNet Co-founder Jared said that they are focused on building their community to increase their user base and attracting mainstream internet users to the crypto-blockchain space. Jared further added. Klaytn recently launched its KlayTnPhone blockchain system, which was offered in the Samsung’s latest Galaxy Note 10 and Note 10+ models in South Korea, the world’s first blockchain-friendly mainstream smartphones. The phone was pre-installed with Klaytn powered Antube application, which signifies its importance for the AntNet network.

Hello, this is BORA team.From our last article, we announced our participation in s(Kakao blockchain project) Hackathon event as an official partner.- - Continuing onwards, we will be covering the story of Klaytn Hackathon judging process with our BORA CTO Mr. Lee-Gu Lee.The events purpose was to find blockchain services that are user friendly and can be used in daily life routines. Having many participants from all over the world, our CTO was able to witness and enjoy variety of innovative projects.In order to comprehend and accurately evaluate these bright ideas of Hackathon, the judging panels comprised of members that are experts of the blockchain industry, who possessed exceptional capabilities.From BORA, our CTO Mr. Lee-Gu Lee showed thoughtful insights and sound judgement. (With absolute concentration!)The image shows how the judge panels carried out in-depth discussion for every single teams project.The 1st-2nd place teams will gain the opportunity of taking part in the blockchain technology forum TXGX happening later this year. Congratulations to the teams who will get to seize the opportunity.:)Our CTO commented on the projects saying that Even though the blockchain industry is at its infant stage, many developers came up with innovative ideas with quality. And I think excellent blockchain services will be published in near future.BORA team also agrees with the idea that blockchain services will have positive effects on our daily lives. With our BORA Island soon to be release, many entertaining projects that produce unique values will be published. So please keep up your support and stay tuned to our updates.Thank you.BORA teamWebsite:BORA Lagoon:BORA Atoll:Telegram:Twitter:YouTube:Facebook:Medium:Email:

An Australian cryptocurrency company is being sued in federal court for fraud in what is believed to be the first case of its kind in the country.

According to a report by ABC News on Sunday, French national Alexandre Raffin, 28, has brought a compensation claim against crypto company Modern Assets Australia for an alleged breach in duty of care.

Raffin claims Modern Assets and its directors, Jonathan Allison and Carlo Sciubba, failed in their obligation to him as an intermediary in facilitating an exchange of cash for a South Korean cryptocurrency called Klaytn.

It is alleged Modern Assets was meant to provide Raffin with the cryptocurrency but when the deal fell through the crypto company put Raffin in touch with a seller directly. Sometime later, the seller made off with Raffin’s cash and disappeared.

Under the terms of the deal, the seller was to provide 937,500 units of the cryptocurrency for around A$93,000 (US$71,000), which in today’s valuation places it at roughly $3.7 million (US$2.8 million), according to the report.

See also: Australian Man Arrested for Trying to Launder $4.3M With Bitcoin

The French national is accusing Modern Assets of failing to perform the necessary research required before connecting him with the mysterious seller. As such, Raffin is seeking compensation for the loss of funds plus $800,000 – the value the cryptocurrency would have been worth last year.

Modern Assets has since refunded its commission fees, Raffin says, while the matter awaits resolution in the Australian Federal Court.

On Thursday, the worlds largest smartphone maker, Samsung will start selling a new version of its flagship phablet Galaxy Note 10, marketed as KlaytnPhone, The Wall Street Journal , citing undisclosed people familiar with the matter. The only difference from the regular version the USD 1,000 phone-tablet has is that it comes with a cryptocurrency wallet and blockchain apps installed, the report said. KlaytnPhone buyers will also reportedly receive an unspecified amount of Klay tokens, the native token of Klaytn, a blockchain platform, launched by another South Korean giant, Kakao Group. Moreover, the device will support transactions on the Klaytn network. The phablet to be sold in South Korea only.As reported by Cryptonews.com in July, Kakao Group was holding discussions with Samsung about possible blockchain cooperation and about updating its Samsung Blockchain Wallet to make it compatible with Klaytn bapps (blockchain applications).The mainnet of Kakaos Ground X subsidiary Klaytn has recently gone live, and Kakao said that it is working on a cryptocurrency wallet that will be able to manage Klaytn tokens in conjunction with several wallet providers.Watch the latest reports by Block TV.Ground X has already amassed a number of high-profile partners, including business giants LG and Samsung and banking partners such as Union Bank of the Philippines (also known as UnionBank ).In August, Samsung confirmed that its cryptocurrency wallet is supported on its newest flagship phablet, Galaxy Note 10.Yesterday, Cryptonews.com published the complete list of dapps (decentralized aps) and coins preselected by Samsung and available on their flagship smartphone Samsung Galaxy S10. See them below: Dapps currently available on Samsung Galaxy S10 ____Complete list of preselected cryptocurrencies on Samsung Galaxy S10 Bitcoin (BTC)Ethereum (ETH)Orbs (ORBS)Basic Attention Token (BAT)BE-PICK CoinBULVRD token (BLVD)ChainLink (LINK)Crypto.com Chain (CRO)DENT (DENT)Egretia (EGT)Enjin Coin (ENJ)FancoinHolo (HOT)Humanscape (HUM)Houbi Token (HT)Lympo (LYM)Maker (MKR)Moss Coin (MOC)OmiseGO (OMG)Paxos Standard Token (PAX) PIBBLE (PIB)PLA Token (PLA)Populous (PPT)Foresting (PTON)Pundi X Token (NPXS)Augur (REP)Revain (R)SODA Token (SOC)TrueUSD (TUSD)TrustVerse (TRV)LEO Token (LEO)USD Coin (USDC)Liveen (VEEN)0x (ZRX)Lets block ads!(Why?)Original Post Source link Download WordPress ThemesDownload Best WordPress Themes Free DownloadFree Download WordPress ThemesDownload WordPress Themes Freefree download udemy course

With crypto trading reportedly reaching feverish proportions in South Korea, internet giant Kakao might be set for an upward share price advance.

Upbit is one of the “big four” cryptocurrency exchanges in South Korea along with Bithumb, Coinone and Korbit.

Apart from its equity stake in Dunamu, Kakao, like other major South Korean conglomerates also maintains a significant presence in the crypto and blockchain space. The chat app operator has its own cryptocurrency KLAY as well as a blockchain platform Klaytn developed by its subsidiary Ground X.

Bloomberg data puts Kakao stock price at 485,000 won ($429.77) as of the time of writing. Mirae Asset Daewoo has upped its price target for Kakao’s share price to $522.81.

Indeed, the internet giant earned over $25 million in profits for Q4 2017 from its investment in Dunamu. At the time, BTC and the crypto market enjoyed a frenzied bull market that saw Bitcoin almost eclipsing the $20,000 mark in mid-December 2017.

According to Chang-kwon, if predictions about 2021 being a year-long bull market for Bitcoin holds, Kakao stands to see its Dunamu investment-based profits likely reach $90 million. The market analyst also noted that a Coinbase listing on the Nasdaq would trigger an equity revaluation for Kakao.

As previously reported by Cointelegraph, crypto exchange trading in South Korea is on the rise. Earlier in March, the reported volume across major platforms temporarily exceeded the market activity of the country’s stock market.

Upbit has been a major beneficiary of this crypto trading boom with its main banker, K bank, reportedly targeting a 2022 initial public offering. Such is the extent of the current cryptocurrency trading fever that K bank has accelerated its profitability timetable despite major operational disruptions in 2019 that resulted in an $89 million loss for the year.

Meanwhile, regulators in the country are ramping up efforts to police the cryptocurrency market amid the current trading boom. Exchanges and other service providers have been mandated to report all transactions or risk five-year jail terms for their principal executives.

The crypto reporting policy is expected to come into effect later in March. Cryptocurrency businesses in the country have six months to comply with the new regulatory paradigm.

South Korea’s tax authority is also turning its attention to the booming crypto market as it tries to identify individuals hiding their assets in virtual currencies to evade taxes.

Cryptocurrency Filecoin (FIL) has entered the list of top 10 digital currencies in the world after the digital asset jumped approximately 40% in a single day. Filecoin is the 9th largest cryptocurrency in the world with a market cap of more than $13 billion.

According to the latest data published by Coinmarketcap, Filecoin is now more valuable than digital currencies like Litecoin, Chainlink, Theta, Stellar and Bitcoin Cash. The cryptocurrency is now up by more than 150% in the last 7 days.

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As of writing, Filecoin is trading near $220 with a total market cap of around $13.8 billion. The cryptocurrency experienced a significant jump in demand last month after Grayscale, the world’s largest crypto asset manager, added Filecoin to its list of investment trusts.

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Grayscale introduced five new digital currency investment trusts last month including Basic Attention Token (BAT), Chainlink (LINK), Decentraland (MANA), Filecoin (FIL) and Livepeer (LPT) investment trusts. Filecoin was trading at around $60 at the time of the announcement. The digital currency has gained more than 250% since Grayscale’s announcement.

The cryptocurrency asset manager announced yesterday in a Tweet that the company has more than $45.6 billion worth of digital assets under management. According to the latest details published by Grayscale, the company has nearly $7.8 million worth of Filecoin (FIL) under management. The company has accelerated its accumulation of Bitcoin, Ethereum and Litecoin in the last few months amid a significant jump in crypto prices. Grayscale has $38.5 billion worth of Bitcoin under management. The company’s Ethereum trust has nearly $5.8 billion worth of ETH.

Filecoin is not the only digital currency that has gained significant value in the last few days. Ethereum, the world’s second-largest cryptocurrency, has jumped by more than 20% in the last 7 days. Additionally, Polkadot, Uniswap, and XRP have reported substantial gains in the few days. Furthermore, cryptocurrency Klaytn is up by more than 40% in a single week.