The downfall of prices in the cryptocurrency market might be devastating for the bulls, however, according to the CEO of Binance, crypto project’s developments and new releases are in full swing. The market has been in acute turmoil for the second week in a row. Legacy digital assets like Bitcoin price have broken vital support areas and forming new 2018 lows. At the time of writing, the market is mostly green with Bitcoin price trading at $4,360. Ethereum recovery has been limited, although it is up $1.45 while changing at $132. Ripple (XRP), on the other hand, is in the red with a 1.18% daily lows and trading at $4.31.
As mentioned below, the CEO of Binance Changpeng Zhao, told his followers on Twitter on Wednesday that in spite of the current bloodbath in the market, cryptocurrency projects are not hibernating. The projects are working on various developments and building product released. He reckoned that there were new releases on GitHub on the day from EOS, Zcash, BitShares, Cardano, Nano and Bitcoin ABC.
“Despite the rough seas out there, builders are building. New releases on GitHub today from: EOSIO, Zcash, BitShares, Cardano, Nano and Bitcoin-abc. (This is more than the usual we see from GitHub). Kudos!”
There is a lot development going on within EOS mainnet. According to EOSIO GitHub some of the latest developments include EOSIO.CDT (Contract Development Toolkit), development of EOSIO-Card-Game-Repo and EOSIO contracts. CDT is a set of tools that can be utilized when building EOSIO contracts. EOSIO-Card-Game-Repo refers to an elemental battles tutorial that has been designed into various process that help people easily learn the process of creating fully-functional blockchain-based decentralized applications.
The token is trading at $83.70 as seen on CoinMarketCap. It has corrected lower 15.92% in a 24-hour period and has $123 million in trading volume. Zcash is ranked 18th in the market with a market-capitalization of $441 million. The project’s GitHub shows that the auto merge of “#3694 – mdr0id:release-v2.0.2-rc1, r=ianamunoz.” Was released on November 20. The source code for the release has been posted on GitHub and is expected to work with v2.0.2 rcl.
Cardano has come under heavy selling pressure as well. It is changing hands at $0.044 after a 14.76% in the last 24-hours. The project has maintained its position among the top ten coins with a market capitalization of $1.1 billion while its trading volume stands at $67 million. Development wise, the team released the Cardano SL 1.3.2 which fixes “Override max block size for epoch boundary blocks (also called genesis blocks) to have a limit of 1.953 MB rather than incorrectly tracking the max block size configuration persisted on the blockchain.”
Nano Coin (NANO)
Nano, a top fifty crypto by market capitalization is trading at $1.15. It is down 1.99% in the last 24-hours against the US Dollar but up 6.68% against BTC. Nano is the 34th largest crypto with a market cap of $152 million and a 24-hour trading volume of $7.5. According to the project’s GitHub page the latest release is the ‘Read-only mirror of official repo on openldap.org. Issues and pull requests here are ignored. Use OpenLDAP ITS for issues.’
Bitcoin ABC (BCHABC)
Bitcoin ABC is seen trading at $227.31 following a 20.23% slide in the last 24-hours. The token is one of Bitcoin Cash (BCH) hard forks. The other token is referred to as Bitcoin ABC. The market cap for the token is currently undetermined but it has a trading volume of $58 million.
The development of Bitcoin ABC has been busy following the hard fork. The network has launched Bitcoin ABC version 0.18.5. A link to download the upgrade is made available on GitHub. The release takes care of certain features and fixes including adding finalized block concept among others.