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Dec 28,2022

3 good signs for the crypto industry in 2023

With the collapse of Terra and FTX, the ongoing Russian-Ukrainian war, rising inflation and interest rates, everything is compounded by a bitter crypto winter, things do not look promising for the industry. digital assets as we approach 2023. However, it is not. all. doom, gloom and despair for the cryptosphere. Many bright spots also appeared as this terrible year drew to a close. Join us as we highlight some of these encouraging developments and why they could mean better days for crypto markets in the new year. A recent study by Glassnode, a blockchain research company, showed that BTC HODLers (long-term investors) and their income will increase in 2022. According to the study say, the number of such "cash addresses" approaches the million mark (793,591). , a remarkable feat that has never been seen before. Also, the balance of all these records is 3,099,828 BTC, an increase of 18% since the same time last year. Also, the number of BTC exchanges has decreased, indicating that the FUD implosion of FTX may be coming to an end. For example, the Bitcoin exchange rate appears when FTX falls, reaching 142,788 BTC on November 14. This number fell by 93%, reaching 9,300 BTC on December 25, the lowest in 7 months. Together, these are good indicators for Bitcoin; they reflect the strong confidence of investors entering 2023. And in general, what is good for Bitcoin is also good for other crypto markets.The growing number of crypto services Yes, 2022 has seen huge rewards in the crypto industry. Popular crypto exchanges such as Coinbase, Kraken, Huobi and many others have laid off thousands of employees to combat the unpredictable market conditions. In total, more than 26,000 crypto-related jobs have been lost in 2022. However, this is still insignificant when compared to the number of jobs filled in the same industry in 2022. According to data from Block Research, the number of crypto projects filled with 82,200 tokens this year; 351% increase from 18,200 jobs of 2019. Currently there are many jobs in Web3, spanning different sectors, from software, design, data analysis, infotech, through metaverse, market research, marketing and many more other important areas. connected to Web3 and the crypto community. In all sectors, trade and commerce account for more than 50% of work. It is also worth pointing out that, despite the big losses this year, the NFT (non-fungible token) market itself reached almost 6,738 jobs. Crypto exchanges still represent the largest number of positions with Binance leading the pack. Investing in crypto is still high With the collapse of Terra and the implosion of FTX, you would think that VCs would want nothing to do with the crypto industry. After all, prices are falling, hacking, and market conditions continue to be negative. However, despite a seemingly negative opinion, the crypto sector has managed to get the most money in developing and emerging technologies, even more than FinTech and BioTech. According to data from CoinTelegraph, crypto-VC funding will reach $36.1 billion in 2022. That is almost 20% more than in 2021, despite all the dramatic events we have seen this year. In the last 10 days alone, crypto projects on web3 such as Earn Alliance, Ramp Network, Roboto Games, Burn Ghost, and Keyrock have received more than $175 million in funding. In other news, Animoca Games, one of the biggest crypto VCs, announced a $2 billion metaverse development fund on December 2. Conclusion All these are good signs for the crypto market. They show that there is still a positive feeling around the digital assets industry as we enter the new year. However, will these positive effects outweigh all the doom, FUD and gloom of 2022?
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Dec 27,2022

Latest Cryptocurrency prices: Bitcoin, Ethereum Earn, Earn Other Coins

Major cryptocurrencies rose on Tuesday. Over the past 24 hours, the global cryptocurrency market capitalization reached $813 billion, with a trading volume of $22.4 billion. BITCOINBitcoin, the worlds largest and most popular virtual currency, rose 0.1% to $16,869. Its market value is $324.8 billion. Turnover was $12.7 billion. EthereumEther, or ether, the second-largest virtual currency, rose 0.2% to $1,223, with a market capitalization of $149.8 billion. Ethereum transaction volume in the last 24 hours has reached $3.5 billion. Shiba InuShiba Inu rose 0.2%, with a market capitalization of $4.6 billion. The trading volume of the last 24 hours is 55.2 million dollars. SolanaSolana fell 1% to $11.3, with a market capitalization of $4.2 billion. Over the past 24 hours, Solana has recorded a trading volume of $137.5 million. Polygon Polygon rose 1.4 percent for a market capitalization of $7.1 billion. The trading volume of the last 24 hours amounted to 167.9 million dollars.
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Dec 23,2022

Bitcoin slips, Ether inches up; Dogecoin leads rebound in top 10 cryptos

Bitcoin slipped and Ether rose in Asian trade on Friday afternoon, led by Dogecoin among the top 10 volatile cryptocurrencies by market capitalization. Fast facts Bitcoin lost 0.04% over the past 24 hours to change hands at $16,838 by 4:30 p.m. In Hong Kong, Ether rose 0.22% to $1,218, according to CoinMarketCap. Dogecoin increased 5.62% to $0.07793. On Thursday, Twitter launched a search function that shows some crypto prices, including Bitcoin and Ether, but the function is not yet available for Dogecoin. Cardano rose 2.75% to $0.2596. Cardano algorithmic stablecoin Djed will launch in January. XRP increased 1.3% to $0.3487. Attorney Matt Hamilton, Ripple former lead developer, said the blockchain will soon include smart contracts, which are currently under development. Asia shares retreated after overnight losses on Wall Street. Japan Nikkei 225 fell 1.03%, the Shanghai Composite fell 0.28% and Hong Kong Hang Seng lost 0.29%. The Bank of Korea said on Friday that its interest rate policy will remain focused on curbing inflation next year.
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Dec 22,2022

Crypto Prices: Bitcoin Falls, Ethereum Rises As Most Other Tokens Fall

Most cryptocurrencies fell on Thursday. The global crypto market cap was around $810 billion and $25.8 billion in the last 24hours. "Most cryptocurrencies fell slightly after the release of the US report on consumer confidence, which reached an eight-month high," emphasized Edul Patel, CEO and founder of Mudrex. BitcoinThe price of Bitcoin, the world largest and most popular virtual currency, fell 0.1 percent to $16,826.5. It had a market capitalization of $323.8 billion. The trading volume was 14.6 billion dollars. "BTC has been trading in a tight range and is trying to gather upward momentum. It recently recovered from $16,815 and is currently tracking the $17,000 level, which could lead to a return to the $18,000 area," said Edul Patel, CEO and Partner. Founder of Mudrex. EthereumThe second largest virtual currency, Ethererum, or Ether, rose 0.3 percent to $1,213.9 for a market capitalization of $148.6 billion. Ethereum had a trading volume of $4.1 billion in the last 24 hours. As for Ethereum, Patel said, "It recently bounced off the $1,150 support, indicating more demand at the lower levels." DogecoinDogecoin, a self-based virtual currency, rose 0.1 percent to $0.1. It had a market capitalization of $9.8 billion. The trading volume was 338.3 billion dollars. Solana Solana fell 0.5 percent to $12.1, with a market value of $4.4 billion. Solana had a trading volume of $162 million in the last 24 hours. Shiba InuShiba Inu fell almost a percent and had a market value of $4.5 billion. In the last 24 hours, the trading volume was 82 million dollars. Polygon Polygon fell 0.6 percent to $0.8 on a market value of $6.9 billion. During the last 24hours, the trading volume was 180.1 million dollars.
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Dec 21,2022

The presence of Bitcoin in the market is reaching all the time

The share of retail investors selling Bitcoin has reached a 17% high, according to blockchain research firm Glassnode and IntoTheBlock. Fast facts GlassNode defines retail investors as any wallet that manages less than 10 BTC, which is currently worth $168,300. Data from IntoTheBlock also shows that the percentage of Bitcoin supply that has not been triggered in at least a year was also at its peak on Monday, accounting for almost 70% of the total. "Not perfect yet, but strong for a 12-year-old property and moving in the right direction," Will Clemente, a blockchain researcher at Reflexivity Research, said in a tweet where he shared a chart of Glassnode data. "Bitcoin technology expands over time, while the main holdings of fiat focus on whales over time." It is reported that only 2% of wallets controlled the supply of Bitcoin in the past two years, prompting criticism of the cryptocurrency concentrated power. However, some industry analysts have said that the reported figures do not take into account lost Bitcoins, stolen Bitcoins or guardians. The increase in the level of investors trading in Bitcoin is closely related to the increase in the price of the asset, rather than news such as the lack of confidence of public institutions, banks, or as a safe haven of another benefit, according to the November Bank report. . international standards.
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Dec 20,2022

Litecoin (LTC) Surpasses Shiba Inu (SHIB) in Market Cap

aLitecoin (LTC) has surpassed Shiba Inu (SHIB) in terms of global market capitalization.LTC is currently in 14th place with SHIB just $60 million off its throne. The LTC team even tweeted a meme to celebrate the occasion.According to data from CoinMarketCap, Litecoin (LTC) has now surpassed Shiba Inu (SHIB) in terms of global market capitalization. LTC is currently ranked 14th according to the data. The current highest price of LTC is 4.66 $.SHIB approach to the main market with a difference of $ 60 million. Its market value is currently at $4.60 billion. SHIB is trading at $0.000008393, with a loss and gain of 2.2% in the last 24 hours. However, LTC traded up 2.9% in the last 24 hours and was valued at $64.90 at reporting time. Litecoin surpassed SHIB in terms of market capitalization on November 22, 2022. The official LTC Twitter account even tweeted to highlight the milestone with a popular meme. SHIB performance in terms of pricing is one of the main reasons for the rise in LTC. LTC is also considered as the second most active cryptocurrency. Messari did the research. They chose cryptocurrencies based on their estimated trading value over the past 24 hours.Litecoin also saw a 42% increase in market capitalization in the last 24 hours. It currently stands at $531,892,461. Although SHIB is not doing well in terms of price, its market value has increased by 48.8% in the last 24 hours. It is currently at $206,828,071. All cryptocurrency markets have been in an extended bear market. Every time the market tries to come back, another event pushes it back. Most of the best coins are 70-90% below their all-time highs.
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Dec 19,2022

Top Trending Crypto on Binance, BNB Ousts Bitcoin on Second Position

BNB is the most popular crypto on Binance crypto exchange, followed by Bitcoin.The popular token, HOOK, ranked fourth in the "Crypto Trending on Binance" list. HOOK has a market capitalization of 214 on CryptoRank but has an overall increase of 5.1% in its market price. The leading crypto exchange, Binance flagship, BNB is the most popular cryptocurrency on Binance search platform, while the most popular crypto in the market, Bitcoin is in second place on the list. A recent data from Crypto Differ has revealed a list of the top 15 coins by search terms on Binance. But what is even more surprising is the "little known" brand, HOOK, which is in fourth place with a 5.1% increase in its market value. Note that HOOK has a market capitalization rank of 214 on CryptoRank. HOOK popularity is highest on the Binance exchange as only 8% of its volume comes from other exchanges while the rest comes from Binance. As for BNB, the coin receives only 31% of Binance volume while the remaining 69% comes from other crypto exchanges. The local token has seen a decrease of 5.1% in the last 24 hours. The third and fourth positions on the list are Ethereum (ETH) and Dogecoin (DOGE), respectively. Also, another crypto that does not like to make the list is a crypto wallet, SafePal brand, SFP, which has a market capitalization of 166. On Binance, SFP ranked 12th with 1.8 % of the highest price change over 24 hours. A significant decrease in BNB, however, may cause fear among crypto investors. After the collapse of FTX, panic started to circulate around Binance as it suddenly announced to stop withdrawing $USDC. However, President Changpeng Zhao later clarified that it was not the water crisis but banking issues that caused the withdrawal. Dismissing the comparison to FTX, Zhao also said that Binance has strong liquidity and no problems.
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Dec 17,2022

BTC Below $16,880 Support; Will It Follow a Positive Traction?

Bitcoin is far from its price of $21,000 in November 2022.Currently, BTC is moving at $16,715. VC Tim Draper predicted that BTC will hit $250,000 in 2023, which analysts say is impossible.Although Bitcoin (BTC) and other major coins have fallen due to the fall of FTX in November, some price forecasts are optimistic that BTC will hit $250,000 in 2023. Tim Draper, the founder of Draper Venture Network, recently predicted that BTC will hit $250,000 next year, despite the failure of FTX. However, this prediction is impossible in the eyes of other analysts, since BTC is not even above $60,000. As of this writing, BTC has traded at $16,715, down 0.28% in the last 24 hours. BTC Day 1 trading indicator shows that the coin is sitting below the shortest support zone at $16,880. If BTC breaks this support zone in the intraday trade, it may go back to its previous resistance of $17,100 in the following days. Apparently, after a volatile price change since late November, BTC reached $18,388 on December 14 due to the FOMC meeting. Also, the 20-day EMA shows that the candle is close to the EMA line, but the possibility of the price reaching that line is less in intraday trading. From another point of view, BTC is retracing the same pattern from September 13 to November 5. In this regard, there will be a slight push in the coming days. Significantly, upcoming economic events such as the IFO Business Climate Index and the CBI Industry Trends will also contribute to the price trends of BTC and other coins.
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