Sending crypto to friends and family, and using crypto to pay for goods and services, is easy once you get the hang of it. Why would you want to send crypto instead of cash? Since crypto is digital, sending crypto can be as easy as sending an email. Crypto also doesn’t have any physical borders the way dollars, pesos, or euros do, so you can send crypto to friends, family, or merchants overseas as easily as sending it to someone sitting next to you. Lastly, you can send crypto without sharing your personal or banking info, making it more secure. To send crypto, you’ll need the recipient’s wallet address. A wallet address is a long string of characters, similar to a bank account number, that identifies where the crypto should go. Since crypto wallet addresses are long, they’re often shown as a QR code that you can scan in your crypto app. Once you have the wallet address, you just need to open your crypto wallet, enter the wallet address, select how much crypto you want...
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- Avalanche surpassed Solana in terms of market cap of their native tokens.
- Coinbase shares rose 8% amid slow trading.
The market cap of Avalanche's native AVAX token surpassed Solana's, reaching $3.47 billion compared to Sol's $3.43 billion.
The coins were both down, with Solana showing a sharper decline of 5.7% over the last 24 hours and 22.7% in the past week.
Solana is losing two of its most popular NFT projects, after DeGods and y00ts announced plans days ago to migrate over to Ethereum and Polygon.
Volume was low, but most crypto-related stocks were trading higher with shares of Coinbase up 8% after reaching an all-time low earlier this week. Galaxy Digital popped 10%, and Robinhood rose 5%. MicroStrategy bucked the trend to trade slightly lower at 10:35 a.m. ET.
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