Crypto Bulls Face Tough Times

As we leap into the week of March 14, cryptocurrency bulls are not sipping piña coladas. Instead, they’re facing some serious turbulence, particularly with a vote in Europe debating the fate of proof-of-work cryptocurrencies. Spoiler alert: it was a nail-biter, but the proposal was rejected. Still, the sentiment was no vacation on the beach.

Surprising Gains Amidst Challenges

Despite the uphill battle, a few cryptocurrency warriors decided to stuff the odds in their favor, scoring impressive gains of over 20% on March 14. All this because of some fancy new partnerships and updates that even made your grandma perk up and notice.

The Leading Gainers

So who were the standout stars of the crypto show? Drum roll, please… The biggest gainers were none other than Request Network (REQ), Hifi Finance (MFT), and Selfkey (KEY). Let’s break it down:

• Request Network (REQ): This little gem is an Ethereum-based payment marvel that lets users play payment ping-pong without needing a referee (aka intermediaries).
• Hifi Finance (MFT): Think of this as the crypto equivalent of taking out a loan, but with a twist of decentralized governance. They’re all in on community involvement now!
• Selfkey (KEY): This is your go-to for self-sovereign identity on the blockchain, aiming to make KYC processes as smooth as butter.

Request Network: Payments in the Metaverse

Request Network is making waves for integrating support for Jarvis Network’s Euro stablecoin (jEUR). The momentum was palpable, as VORTECS™ data from Cointelegraph Markets Pro tipped its hat to a bullish outlook on March 13, just before REQ rocketed by 45% in just 24 hours, proving that timing is everything!

Hifi Finance’s Governance Shift

Hifi Finance’s trading volume spiking by a staggering 1,131% as it lifted off from a low of $0.006 to a high of $0.009 demonstrates how the community-driven governance can set off fireworks in the crypto realm. Giving MFT holders a say in the protocol’s future? Talk about a party!

Selfkey’s Identity Revolution

Meanwhile, Selfkey is making strides to enhance its KYC capabilities, aligning itself with global standards while riding high on a VORTECS™ Score that soared to 85 before its 35.6% price increase. It’s like winning a gold medal in compliance!

Market Overview

In the grand scheme, the cryptocurrency market cap has hopped up to $1.732 trillion, with Bitcoin holding a sturdy 42.7% dominance. But remember, folks, investing in crypto is not just a fun game; it’s a wild rollercoaster ride!

Disclaimer: The views expressed in this article reflect the author’s opinions and not those of Cointelegraph. Always do your due diligence before diving into the crypto sea.