Bitcoin prices slumped further Saturday to levels not seen since last August, as a selloff of riskier assets like stocks spread to cryptocurrencies. Bitcoin has now shed more than 50% from its record high in November.

Bitcoin BTCUSD, -0.46% fell as low as $34,042.78 Saturday, a drop of 7.2%, before paring losses. Other digital assets also slid, with Ethereum ETHUSD, -0.73% down 12%. Solana and Cardano each fell at least 17%, according to Coinbase.

Bitcoin’s price had already taken a major hit on Thursday night into Friday, when it fell from around $43,000 to around $38,500. But that plunge continued even more on Saturday, taking it to a low around $34,000.

The leading crypto coin has now fallen 16.8 per cent over the last week. Other coins have seen even more dramatic losses: Ethereum is now down 25 per cent.

Anyone that bought bitcoin at the start of the year has now seen it lose more than 23 per cent of its value, in just three weeks.

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The declines in crypto prices followed a volatile session on Wall Street on Friday that saw stocks swing from early gains to a selloff, as investors repeated this week’s pattern of selling rallies, pushing the Nasdaq Composite deeper into correction territory.

“The pessimism continues to grow among investors and traders when it comes to riskier assets and this is chiefly influencing the price of equities and bitcoin,” said Naeem Aslam, chief market analyst at AvaTrade, in a note to clients.

“The thing with bitcoin is that when it begins to fall, the price action drops like there is no tomorrow,” said Aslam, who added that January also tends to be a volatile month for the cryptocurrency on a historical basis.

Aslam also cited a proposal from Russia’s central bank on Thursday to ban the use and mining of cryptocurrencies. Russia is one of the world’s leading bitcoin mining locations, and joins China, which imposed its own ban on activity last year.

Supporters had hoped in recent days that the $40,000 level would be an important psychological barrier, and that the price could stabilise above that level. Instead, it has dropped way below that, and continued to trade down.

“Many altcoins are into support at their summertime 2021 lows, making it critical that bitcoin holds support as it sets the tone for the cryptocurrency space,” Katie Stockton, managing director of Fairlead Strategies, a technical research firm, wrote in a Friday briefing.

The recent drop also means that the price is in danger of being down over the year. This time in 2021, bitcoin was trading around $33,000, though just days after that, it would see a price rally that would take it above $50,000 and see it perform strongly through most of the summer.

Bitcoin’s decline from its peak has wiped out more than $600 billion in market value, and over $1 trillion has been lost from the aggregate crypto market.

Crypto-centric stocks also dropped on Friday, with Coinbase Global Inc. COIN, -13.38% at one point losing nearly 16% and falling to its lowest level since its public debut in the spring of 2021

Meanwhile, the Biden administration is preparing to release an initial government-wide strategy for digital assets as soon as next month, according to Bloomberg News, and task federal agencies with assessing the risks and opportunities that they pose, according to people familiar with the matter.

The argument Bitcoin is a form of “digital gold” is also falling apart.

As the world’s largest cryptocurrency slips to $34,000, the lowest price since August, its decline in tandem with risk assets such as tech stocks is casting a shadow on a long-touted similarity to gold.

Cryptocurrencies have plunged alongside equities in a rocky start to the year amid tighter-than-expected monetary policy, whereas gold, often heralded as a store of value and an inflation hedge, has steadily traded upward this month.

Earlier this month, analysts from Goldman Sachs argued that Bitcoin could rise to a $100,000 price point, if it could win more of the “store-of value” market from gold. Instead, the digital asset’s signature volatility has come to fore.

Here’s one reason the stock market is selling off in the final hour of trade: ‘We’ve shifted from buy the dip to sell the rally,’ says analyst

Another day, another rally that turned very, very pear-shaped.

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When someone mentions cryptocurrency, it’s tough not to think of Bitcoin because it is the first cryptocurrency and all the other various cryptocurrencies have been modeled on bitcoins. It is by far the most well-known, and it has maintained its place at the top by leveraging its notoriety and media exposure.

If you, too, are a crypto trading enthusiast and look forward to knowing some wow facts about Bitcoin, here are some for you below-

The word “crypto” derives from the Greek and means “secret or concealed.” Since this digital money was invented and used by private individuals whose names are anonymous and cannot be easily discovered on any site, it offers numerous and numerous advantages. So, who is this mysterious individual at the helm of the enormous virtual currency? No one knows who is behind this as of yet. This is the greatest astonishing and bewildering fact about cryptocurrency! Many individuals believe that Satoshi Nakamoto is the creator of bitcoin.Pizza was the first commercial Bitcoin transaction- A guy in Florida used 10,000 bitcoin as payment for two pizzas on May 22, 2010. This transaction is considered to be the very first commercial bitcoin transaction. At the time, 10,000 bitcoin was worth around $40, one bitcoin was “worth” slightly less than half a penny. If you had that much money in bitcoin today, it would be worth more than $350 million.Satoshi- The smallest unit of a bitcoin is known as a Satoshi and this was named after the alleged creator or founder of bitcoin as a mark of appreciation. One Satoshi is worth around 0.00005 US dollars, which is a very little amount. One bitcoin requires around one hundred million Satoshi. According to current bitcoin rates, which fluctuate significantly, it takes close to 15,800 Satoshi to generate a dollar.Physically, cryptocurrency cannot be outlawed- The most-discussed theory of banning of cryptocurrencies has a few plausible explanations, including central banks losing money and decentralised governance removing government authority. Regardless of the limitation, prohibiting cryptocurrencies is physically impossible because everyone may get a cryptocurrency wallet. Regulations can be implemented, but they will not stop bitcoin’s growth.Brock Pierce got the first Bitcoin mortgage in 2019- Brock Pierce, a businessman, and former Mighty Ducks child actor, is said to be the first to take out a crypto-only loan. The crypto enthusiast put up over 3 million BTC to buy a renovated church in Amsterdam, Netherlands. Based in the United States, United Wholesale Mortgage recently announced that it will accept Bitcoin and other cryptocurrencies as mortgage payments.A post on Bitcoin occurs on social media every three seconds- According to a recent cryptocurrency statistic, there are 28,866 social media postings about Bitcoin put online every day, averaging 1,203 each hour. That works out to about 20 posts every minute.China stands as the largest cryptocurrency miner in the world- Who’d have thought it, eh? Validating transactions before they are published on the Blockchain ledger is the process of mining bitcoin. It’s a lucrative part of the business, and China controls around 75% of the mining network.Bitcoin’s price surged by 66 percent in February 2021- In January 2021, the cost of a digital asset was merely $30 000. According to cryptocurrency data, by February, it had climbed by over $20 000. The fact that it was only worth $10,000 a year ago is even more incredible. By the first quarter of 2021, this translates to a 400 percent increase in value.In 2140, the final Bitcoin will be mined- There will only be 21 million Bitcoins ever generated. It’s written in the coding or DNA of the coin. Around 18.8 million have been mined so far, although some have already been lost as we can see from the chart above. According to how Bitcoin mining works, the number of Bitcoins that may be mined is halved every four years. This means that, while nearly 90% of all Bitcoins are presently in circulation, the remaining 2.2 million coins will take another 120 years or more to produce.

Conclusion

So, these were some fascinating Bitcoin facts that, no doubt, will sound interesting to any bitcoin investment enthusiast. When trading in Bitcoins, you should always choose btc revolution, a completely safe and reliable crypto trading platform. Happy crypto investing!

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The recent crypto market crash has sent shivers down the spines of most holders. However, for the OG investors, the current bear market is nothing but a temporary correction. In addition, Metaverse crypto coins continue to see significant price gains, with some rising as high as 23% today. This article looks at the top three Metaverse crypto coins gaining the most price today, ordered by 24-hour growth lowest to highest.#3 Moon Nation Game (MNG) +12%

Launched in June 2021, Moon Nation Game is a crypto-gaming ecosystem built with a play-to-earn model. It features an NFT marketplace and a bridge platform, allowing users to use a single token for various crypto games.

Moon Nation Game is now live with a limited selection of games on the platform as a proof-of-concept. The team plans to integrate more games in the future as the ecosystem grows. In addition, Moon Nation is working on launching an exclusive collection of NFTs with in-game uses.

While we currently couldn’t check out the platform, the team shared gameplay footage from their latest project on Twitter:

Updated version of our game will be released in the next few days. 🚀🔥💥 pic.twitter.com/x5dRHdgb0C

— MOON NATION GAME (@MoonNation0) January 18, 2022

Moon Nation features the BEP-20 MNG token as the native currency on the platform. Users can purchase MNG on PancakeSwap, MEXC, LBank, Hotbit, and Decoin.

Launched in October 2020, MegaCryptoPolis is a decentralized city builder dApp game. The project runs on the Ethereum and Tron blockchains, and users can currently check out the game.

The MegaCryptoPolis game is a multiplayer strategy game that enables players worldwide to build a unique megacity collectively. Every asset in the game is tokenized and stored as a unique ERC-721 NFT. In addition, MegaCryptoPolis is based on a decentralized model, with all game transactions verified by smart contracts.

To start playing, users should purchase a plot of land. At writing, the cheapest land properties were priced at 0.098 ETH (roughly $240). While still not a cheap endeavor by any means, these plots of land are much more affordable compared to the $10k+ prices for land in Decentaland or The Sandbox.

MEGA is the native ERC-20 token on the platform, making in-game resources liquid, enabling staking, liquidity mining, and yield farming. You can purchase MEGA on Uniswap, Hotbit, Mooniswap, and ShibaSwap.

Launched in November 2021, ClassicDoge is a Metaverse platform for pet lovers. It allows users to create Ultra-HD 3D NFTs of their pet that can be used across social media, games, VR platforms, and more.

What better way than to immortalize your dog or cat by turning them into a 3D NFT and showing them off to the world!

ClassicDoge is still in its early stages, and unfortunately, we couldn’t find a Minimum Viable Product of their idea. The lack of a demo is a big reason XDOGE’s fully diluted market cap is only at $16 million with a 24-hour trading volume of $37k.

If you’re looking to take a bet on ClassicDoge and their development team, you can purchase XDOGE on PancakeSwap.

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency.

Also Read:

Top 5 Most Popular Metaverse Crypto Coins Built on Polygon (January 2022)

Follow us on Twitter @thevrsoldier to stay updated with the latest Metaverse news!

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Bitcoin dropped again on Saturday and was last down around 4% for the day, hovering around the $35,000 level.

Bitcoin, the world's biggest and best-known cryptocurrency, is now about half its $69,000 peak in November. It was last at $35,049, after falling as low as $34,000 and following a steep fall on Friday.

The currency has had wild price swings and has been hit as risk appetite has fallen on inflation fears and anticipation of a more aggressive pace of interest rate hikes from the US Federal Reserve.

Bitcoin investors dig in for long haul in 'staggering' shift

Other risk assets have fallen with stocks falling on Friday.

The S&P 500 and Nasdaq recorded their biggest weekly percentage drops since the start of the pandemic in March 2020.

In a research note on Friday, Edward Moya, senior market analyst for the Americas at OANDA, said bitcoin was falling as "crypto traders de-risk portfolios following the bloodbath in stocks" and in advance of next week's Federal Reserve policy meeting.

"Bitcoin remains in the danger zone and if $37,000 breaks, there is not much support until the $30,000 level," Moya wrote on Friday.

Ether, the coin linked to the ethereum blockchain network, dropped 6.7% to $2,396 on Saturday.

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For well over a century, no asset class has more consistently built wealth for investors than stocks. But in recent years, stock gains haven't been able to hold a candle to the jaw-dropping increases witnessed in the cryptocurrency space.

For example, the benchmark S&P 500 jumped by a little more than 100% between its March 2020 low and the end of 2021. Comparatively, the aggregate value of all cryptocurrencies skyrocketed from $141 billion to $2.2 trillion over the same time frame (a more than 14-fold increase).

Despite these enormous gains, cryptocurrency projects that offer competitive advantages, differentiation, and real-world appeal still have the potential to head considerably higher. Keeping in mind that the crypto space is highly volatile and prone to corrections, the following three coins could all quadruple (or possibly head even higher) by 2025.

Image source: Getty Images.

Algorand

There are a lot ways digital currencies and blockchain technology-based projects can be winners. What makes Algorand (CRYPTO:ALGO) so enticing is the role it could play for businesses in the blockchain arena.

As I've previously pointed out, Algorand offers no shortage of clear-cut competitive advantages when it comes to speed and scalability. As of December 2021, the network was handling 1,162 transactions per second (TPS) and offered a block finality of 4.36 seconds. The latter means that the sending of files, data, or money reached its destination and was validated/settled in under five seconds.

Compare this to the two most popular networks, Bitcoin (CRYPTO:BTC) and Ethereum (CRYPTO:ETH), which can only handle 7 TPS and 13 TPS, respectively, and have transaction finalities of 60 minutes and six minutes. That's how much faster ALGO is compared to the most popular blockchain networks.

Additionally, Algorand offers a next-generation step up in network security. With traditional proof-of-stake consensus, the possibility exists for holders of a coin to adversely affect a network. However, with Algorand's pure proof-of-stake consensus mechanism, holders of ALGO are randomly and secretly chosen to vote on proposals and propose blocks. This randomization component, coupled with a vested interest in the network's success, makes it highly unlikely that small players will be able to disrupt the network.

But what makes Algorand so attractive to businesses is its focus on interoperability.

According to CoinMarketCap.com, there are more than 16,000 cryptocurrencies listed, and countless additional blockchain projects in development for financial and nonfinancial applications. While some of these projects are designed to work with existing blockchain projects, it's far more likely that these unique blockchain networks won't be compatible with each other. Algorand is all about bridging these gaps and making decentralized finance (DeFi) mainstream for businesses and consumers.

Not many cryptocurrencies have an enterprise focus, but Algorand's could make it an absolute rock star.

Image source: Getty Images.

IOTA

A second cryptocurrency that has the potential to skyrocket 300% or more by mid-decade is the lesser-known IOTA (CRYPTO:MIOTA).

With an aforementioned 16,000-plus cryptocurrencies listed, uniqueness and a superior network are essential for success. Despite being a relatively under-the-radar project, IOTA brings both of these qualities to the table.

The single biggest differentiating factor with IOTA is that it's actually not blockchain-based. The secret sauce that makes IOTA tick is what's known as the "Tangle." The Tangle is a directed acyclic graph (DAG) that requires each new transaction to confirm at least two previous transactions. You can sort of imagine this as a person looking back at their ancestry and seeing the eldest family member connect to new lineages over multiple decades or centuries. Over time, the connections between transactions on IOTA's DAG begin to look a lot like a tangled web (ergo, the "Tangle").

The reason IOTA's developers chose this route over blockchain is simple: speed and cost. Blockchain networks are prone to congestion, and they can be slowed down by the need to gain consensus to validate transactions and/or propose new blocks. A network sans blockchain means rapid scaling can happen without adversely impacting the network. Best of all, transactions on IOTA's network are fee-free!

Another bit of exciting news for IOTA is the launch of staking, which happened last month. Investors are now able to stake their coins to earn either Shimmer or Assembly tokens. The latter is a fee-less smart contract-based network set to launch this year. Smart contracts are what verify, facilitate, and enforce the negotiation of a contract between two parties. Thus, IOTA's developers are pushing new utility ecosystems with IOTA, as well as encouraging IOTA holders to hang on to their coins for longer periods of time.

A final reason to be excited about IOTA's potential is its existing partnership with information technology solutions company Dell Technologies. IOTA is working with Dell to analyze the trustworthiness of data before it's used by an application. Getting recognition by brand-name businesses is a good sign for this under-the-radar cryptocurrency.

Image source: Getty Images.

Avalanche

The third cryptocurrency that can soar 300%, or perhaps much more, by 2025 is smart contract-based blockchain network Avalanche (CRYPTO:AVAX).

Among the biggest digital currencies, Avalanche stands out as my personal favorite. That's because it offers a clear competitive edge and compatibility that most other blockchain projects can't offer.

Not to sound like a broken record, but speed and scalability are really important in the crypto space. With existing payment infrastructure taking up to a week to validate and settle cross-border payments, it's imperative that blockchain projects provide demonstrable improvements to entice businesses and consumers to eventually make the switch to blockchain.

According to developers, the Avalanche network is capable of handling more than 4,500 TPS and completes transactions in under two seconds. That's much faster than existing payment infrastructure, and light years faster than other smart contract-enabled networks, like Bitcoin and Ethereum. In many instances, the transaction fees on Avalanche are considerably lower than the "Big Two" of crypto, as well.

The Avalanche network is also expected to lure decentralized application (dApp) developers in droves. That's because Avalanche has the highly–popular Ethereum Virtual Machine (EVM) running on its blockchain. The EVM is the software that developers use when creating dApps on the Ethereum blockchain. In other words, developers have the opportunity to utilize the same software on a network that's considerably faster, cheaper, and more scalable than Ethereum.

The feather in the cap for Avalanche is that it's landing brand-name partnerships. In mid-November, Deloitte formed a strategic alliance with Ava Labs, which is responsible for creating the Avalanche network. The Avalanche network will assist Deloitte's "Close As You Go" platform, which helps state and local governments filter through disaster reimbursement applications. 

There's real-world utility at Avalanche's doorstep, which gives this cryptocurrency genuine moonshot potential.

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Stock AdvisorS&P 500498%134%Join Stock Advisor

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Cumulative Growth of a $10,000 Investment in Stock AdvisorCalculated by Time-Weighted ReturnStocksALGOAlgorand CRYPTO:ALGOBTCBitcoin CRYPTO:BTCETHEthereum CRYPTO:ETHAVAXAvalanche CRYPTO:AVAXMIOTAIOTA CRYPTO:MIOTA

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In un mondo che corre sempre più veloce, proiettato a grandi falcate verso il futuro, anche l’industria del calcio e dello sport si prepara ad allargare i propri orizzonti e ad aprire sempre più all’innovazione. Innovazione rappresentata perfettamente da Coin of Champions, uno dei progetti rivelazione del 2021, nato da una brillante idea di Cesare Florio. L’obiettivo? Quello di unire il mondo della blockchain a quello dello sport. Un progetto lungimirante e ambizioso che è stato capace, fin da subito, di riscuotere un grande successo. Lo rimarca Simone Di Sabato, il responsabile marketing di CoC, che ha parlato di oltre 11.000 holders raggiunte, 100 mila dollari di transizioni giornaliere e 100 milioni di dollari di capitalizzazione già raggiunti. Un successo che ha toccato l’apice questo dicembre, quando Coin of Champions ha esordito in qualità di Platinum Sponsor ai Globe Soccer Awards 2021. Una vetrina importante, in uno dei palcoscenici più prestigiosi del mondo calcistico.

Coin of Champions: quanto contano gli Ambassadors

Ma cosa ha dato a Coin of Champions la visibilità necessaria a compiere una così rapida scalata verso il successo? La risposta è presto detta. Una buona fetta dell’attenzione mediatica per CoC è data dall’adesione al progetto di numerose stelle che hanno fatto la storia del calcio. Campioni indiscussi che hanno impresso il proprio nome nella storia dello sport grazie alle loro gesta. Illustri personaggi che hanno deciso di sposare la causa Coin of Champions, convinti da un progetto vincente che è divenuto in poco tempo dominatore della scena. Questi sono gli Ambassadors. I primi Ambasciatori sono stati Materazzi, Vieri, Sneijder e Roberto Carlos.

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Un post condiviso da Coin of Champions [COC] (@coinofchampions)

La lista si è presto irrobustita grazie all’arrivo di Ronaldinho, Nesta, Zambrotta, Inzaghi, Frey, Dramé, Onazi, Diamanti e Amauri. Coin of Champions ha riscosso molto successo anche in Sudamerica, come testimoniano le adesioni di Diego Lugano, Ricardo Rocha e Gilberto Silva. Non solo calcio però. Come già detto CoC guarda al mondo dello sport in generale e la presenza tra gli Ambasciatori dei giocatori di baseball Randall Simon e Chris Colabello – come quella di Giancarlo Fisichella dalla F1 – lo dimostra. Un’infinta sfilza di stelle che ha deciso di prestare il proprio volto e il proprio nome in rappresentanza di CoC. Nomi convinti anche grazie alle finalità benefiche del progetto: Coin of Champions, infatti, ha deciso di destinare il 10% del totale dei token a ONLUS nazionale e internazionali, senza nessuno scopo di lucro. Un altro 10% sarà, invece, investito sull’acquisto e la ristrutturazione di numerosi impianti sportivi.

PER ISCRIVERTI A COIN OF CHAMPIONS CLICCA QUI

Coin of Champions: gli obiettivi sono chiari

L’altra metà del grande successo che ha avuto Coin of Champions dal momento del suo lancio – avvenuto nel settembre 2021 – è dovuta  alla qualità dei servizi che questo si propone di elargire a chiunque decidesse di entrare nella community. Gli obiettivi di CoC, infatti, sono prestigiosi e sono volti a rivoluzionare l’approccio degli individui col mondo dello sport. Innanzitutto spazio al divertimento, grazie alla possibilità di acquistare delle Carte NFT, utilizzabili nell’apposito gioco di fantacalcio ideato da CoC. I calciatori saranno rappresentati proprio in queste carte, e saranno usati per comporre il proprio team. La novità più grande sarà la possibilità di creare rose da 11 giocatori, mentre i competitor si fermano a 5.

The new ERA of the sport metaverse is about to begin. We have many goals that we will all achieve. 🥇

Your support is essential. 💛#COCFAMILY #coinborsafamily #CoinOfChampions #Metaverse #Revolution #BSC pic.twitter.com/mdFHQQUN9e

— Coin Of Champions (@CoinofChampions) December 27, 2021

Il progetto metaverso offre, inoltre, tantissime possibilità a chi deciderà di accederci tramite i propri token. Ad esempio sarà possibile acquistare dei training realizzati dai calciatori, che passo dopo passo sveleranno i migliori segreti per ottenere i massimi risultati. Il metaverso CoC offre, inoltre, l’opportunità per i tifosi di immergersi in un tour virtuale nello stadio della propria squadra del cuore e non solo.  Un’esperienza unica, che comprende anche una panoramica totale della squadra, della sua storia e dei suoi aneddoti più importanti.

Grazie al token Coin of Champions sarà, poi, possibile accedere ai beni di uso e consumo quotidiano, oltre alla possibilità, per i giovani calciatori di guadagnarsi dei provini a distanza in importanti club. Sarà possibile, infatti, caricare nel circuito dei video con le proprie skills, che verrà poi votato dagli altri membri della community. I migliori si aggiudicheranno l’opportunità di mettersi in mostra con osservatori e selezionatori qualificati. Un importante caposaldo di CoC, che ha deciso di mettere i giovani al centro del proprio progetto.

Coin of Champions: cosa sono le ICO (Initial Coin Offering)

Il processo che ha portato alla nascita di Coin of Champions,cui è possibile iscriversi cliccando qui, così come di qualsiasi nuova iniziativa progettuale basata sulla blockchain, è piuttosto lungo e si compone di più parti. Una di questa è la ICO (Initial Coin Offering), che rappresenta un meccanismo di finanziamento di un nuovo progetto blockchain tramite la vendita ai finanziatori del progetto di token che garantiscano, in seguito, una forma di diritto sull’iniziativa. Il tutto, ovviamente, in cambio di un corrispettivo che servirà per sviluppare il progetto. Il termine ICO deriva dal più classico IPO (Initial Public Offering) che è il sistema che indica l’offerta pubblica di titoli di una società che intende quotarsi per la prima volta.

Il fine della ICO è sempre lo stesso, ovvero quello di raccogliere capitale per la realizzazione di un progetto, ma differisce dalla IPO essenzialmente per due aspetti:

ICO e Blockchain: la rapida escalation

Nel luglio 2013 abbiamo avuto il primo esperimento tangibile di ICO. Infatti, in questa data, Mastercoin raccoglie ben 500 mila dollari semplicemente pubblicando un indirizzo Bitcoin al quale inviare i fondi. In poco tempo il fenomeno cresce esponenzialmente e solo nell’aprile successivo Maidsafe raccoglie 7 milioni di dollari in sole 5 ore. A questo punto, a luglio 2014, Ethereum coglie la palla al balzo e raccoglie 18,5 milioni di euro sotto forma di donazione. È il preludio al lancio di una piattaforma e uno standard (ERC20) per la creazione di nuovi token sulla blockchain. Nonostante i primi attacchi hacker (oltre 55 milioni di dollari sottratti a theDAO) il 2017 diviene l’anno del definitivo boom. Verso la fine dell’anno, infatti, anche le celebrità sfruttano l’onda dell’ICO e si immergono in remunerative sponsorizzazioni.

La poca chiarezza sulle norme e le crescenti frodi hanno reso necessario l’intervento di un regolatore. Nel 2018 prima Facebook e poi Google vietano le campagna che pubblicizzano le ICO e le criptovalute. La Cina arriva a vietare le ICO e la Svizzera, sempre nel 2018, è costretta a pubblicare le linee guida per chi decide di lanciare una ICO. Attualmente in tutto il mondo ci sono prese di posizioni differenti per quanto riguarda le ICO, con USA e EU che osservano sempre con maggiore interesse questo fenomeno.

Le tipologie di token coinvolti nelle ICO

Le tipologie di token offerti nelle ICO possono essere suddivisi in due principali categorie: l’utility token e il security token.

Gli utility token rappresentano un modo per finanziare progetti che prima non avevano possibilità di essere finanziati. Questi token possono essere pre-estratti o essere venduti in crowd sales durante l’offerta. La peculiarità di questo token è che permetterà di accedere in futuro al prodotto o ad un servizio di un’azienda. L’utilizzo di un utility token consente a una startup di vendere dei coupon digitali per il servizio che ha deciso di sviluppare. Questo rappresenta una sorta di pre-ordine, infatti gli utility token rappresentano un servizio – o più – che si può acquistare. Altra caratteristica basilare di questa tipologia di token è che questo non è progettato come uno strumento di investimento, il che – a differenza di quanto avviene nel mercato finanziario – rende il loro mercato molto più libero e meno soggetto a vincoli e controlli.

💳You don’t own $COC ? 🪙Take advantage now to #HODL our token!

💎You can buy $COC on #Pancakeswap 🔗Contract address: 0xbDC3b3639f7AA19e623A4d603A3Fb7Ab20115A91#DEX #CoinOfChampions #crypotwitter pic.twitter.com/GEi8qiorjg

— Coin Of Champions (@CoinofChampions) December 14, 2021

I security token sono una tipologia di token del tutto simile a un titolo finanziario, e perciò  sottoposta a norme e vincoli che lo regolano. Va mantenuta una rigida osservazione delle regole, poiché la mancata osservanza di tali norme potrebbe comportare una sanzione o, peggio, far saltare il progetto. Tuttavia se tutte queste norme venissero rispettate, si aprirebbe un’ampia gamma di opzioni per la startup, che potrebbe anche arrivare a emettere token che rappresentino azioni della società.

Le quattro fasi di una ICO

Possono essere riassunte a quattro le fasi principali di una ICO:

: questa dovrà illustrare il progetto e il suo stato di avanzamento, il finanziamento necessario, il numero dei token che resterà in mano ai fondatori, durata della campagna e con quali criptovalute si potranno acquistare i token in questione:Comunicazione:  attività essenziale, spesso viene svolta e messa in pratica tramite la creazione di apposite pagine di discussione in grado di sponsorizzare l’ICO e attrarre potenziali investitori;L’acquisto dei token da parte degli investitori: Se gli obbiettivi di raccolta non vengono raggiunti i fondi verranno restituiti agli investitori. Se questi vengono raggiunti, invece, i fondi vengono verranno utilizzati per l’avvio o il completamento del progetto.A questo punto i token vengono inseriti nei listini Exchange e possono essere scambiati tra i vari utenti della community.I vantaggi di una ICO

Sono diversi i benefici che si possono ottenere avvalendosi di una ICO:

L‘ICO consente alle aziende di raccogliere fondi in modo illimitato;L’investitore riceverà un token che potrà donargli molta stabilità:Sono facili da progettare e altrettanto semplici da immettere nel mercato;L’azienda prospera grazie all’entusiasmo degli investitori.

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Bitcoin was trading at $35,572, while other major altcoins were also down by double digits, at 5 pm, Saturday, on Coinbase. Bitcoin has dropped 17% in the past week, Ethereum 26.66%, Binance Coin 28.74%, Cardano 19.43%, and Solana 31.90%. The popular meme coin, Shiba Inu, dropped 30.03%, while DogeCoin slid 32 % in the past seven days. At 5 pm on Saturday, the Coinable website said the overall market was down 12.19%. “I started investing last year after being influenced by friends and business partners,” said Gopala Somani, a Delhi-based crypto investor. “I kept investing even till the last week, thinking it was time to buy the dip. But now I am stuck. My portfolio is down and in the red. If I sell, it will be a significant loss.”

Crypto experts say that investors should carefully evaluate the current dip in prices and that the volatility shouldn’t scare them off.

Bloomberg reported that the latest crash erased more than $1 trillion in crypto market value. Several Indian crypto investors such as Somani are panicking as the extreme volatility the asset class has exhibited over the last few days has sharply eroded portfolio value and many are in the red after having invested in such coin during the 2021 bull run. “The seasoned investors were expecting this correction, but the average investor wasn’t. The charts were showing bearish patterns. Most people who got into crypto last year are at a loss. They are now trapped. They can’t buy a dip because they don’t have money and don’t want to sell to incur large losses. Currently, it’s a crypto bekaar hai phase,” said Vishal Gupta, a popular crypto commentator. “Indian masses had unrealistic expectations of crypto. A lot of Indian investors were led by the ads put out by the exchanges.”

Discover the stories of your interest “We need to take an eagle’s eye view of the global financial markets to get the real picture,” said Jay Hao, CEO of OKX.com, the world’s second-largest cryptocurrency exchange. “The financial markets across the globe are under tremendous pressure due to growing inflation and the strict monetary policies of powerful nations like the US. Every market goes through a correction phase, and the crypto market is undergoing a correction phase after touching the $3 trillion mark in November last year.”

The sharp dip in Bitcoin, the world’s largest cryptocurrency by market cap, is especially a worry for serious investors. But market watchers say investors shouldn’t panic.

“Bitcoin peaked twice above 60k in 2021 and retreated back to the average traded rate of January 2021. The price of Bitcoin is still way above the highs of 2020, where the bull run started,” said Praveen Kumar, founder and CEO of Belfrics Group. “If the market sentiment remains weak, there could be a run down to test various technical support levels and a physiological level of $30k.”

BuyUcoin CEO Shivam Thakral said investors should look at the dip as an opportunity to buy more assets. “It was January 15, 2021, when Bitcoin was hovering around $36,000, so its current dip in price seems more of an opportunity rather than a crisis,” he said.

On Thursday, it was the Russian central bank’s proposal to ban the use and mining of cryptocurrencies that spooked the crypto market, while the correction on Friday was due to the tech stock sell-off in the US. The Nasdaq Composite dropped 2.7% to 13,768.92 on Friday.

A combination of factors is weighing down the crypto market–tightening of monetary policies by central banks, regulatory confusion, a prevailing broader sell-off across assets like equities, inflation worries and Omicron-related uncertainty. “The global investors seem to have reduced their risk appetite,” said Gaurav Dahake, CEO and founder, BitBns.

Experts said there is a strong correlation between tech stocks and Bitcoin. The other coins broadly mirror Bitcoin. Bloomberg reported that the 100-day correlation coefficient between Nasdaq and bitcoin reached .40, a reading that is among the highest going back to 2011. “The correlation between the crypto market and other speculative markets has resulted in widespread losses,” said Dahake.

Crypto investors are also looking at tech firm Microstrategy’s tussle with the Securities and Exchange Commission with interest after the US regulator rejected the company’s Bitcoin accounting strategy. The company holds 124,391 Bitcoins and its chief executive, Michael Saylor, is one of the biggest corporate cheerleaders of the currency.

Last year was a landmark year for digital currencies in India, as cryptocurrencies became part of the Indian investor’s lexicon. According to industry sources, about 20 million people in the country joined the crypto bandwagon in 2021, and Indians hold crypto assets worth $5.3 billion.

A bull run that saw coins touch record highs, high returns on initial investments by early investors, high-decibel advertising campaigns run by exchanges, and aggressive campaigns by social media crypto influencers all contributed to India becoming the world’s fastest-growing crypto market last year.

Cryptocurrency—Price—Performance in last 24 hours

Bitcoin—$35,572—(-8.46)

Binance

Cardano- $1.02—(-17.39%)

Solana-$98.02—(-20.55)

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The crypto market is turning green, with all cryptocurrencies now slowly recovering. But there are some that have not only recovered but have also become bullish during this breather. Bitgert and Centcex are some of the cryptocurrencies that are doing very well in the crypto market and have bullish by the start of the 4th week of 2022.

Below is m insight on how these cryptocurrencies have been performing in the market right now why Bitgert and Centcex are bullish:

The price crash that hit the market in the just ended week did not have a big effect onBitgert. In fact, Bitgert is one of the cryptocurrencies that were stable when the market was crumbling, and as the market started gaining, Bitgert is bullish while other cryptocurrencies are recovering. After a slight price drop, Bitgert is now enjoying real gain and growth while other cryptocurrencies are recovering.

Note that Bitgert is developing a CEX and a gasless blockchain. These are two among over 10 products the Bitgert team is developing and releasing in 2022. With the launch of the Brise exchange in Q1, Bitgert is expected to start the bull run. Discover more about this project on the Bitgert website.

The biggest reason why Centcex is bullish right now, while other large cryptocurrencies are in the process of recovery, is the steadiness it offered during the crash. Centcex is one of the cryptocurrencies that remained stable during the price plunge. The coin started gaining even before the market could get a breather.

Currently, Centcex is one of the cryptocurrencies enjoying bullish growth as the market comes out of the dip. The innovative and attractive investor rewards and an incredible collection of Centcex products are some of the reasons why Centcex is increasingly growing popular just 2 months into the industry. Read about this project, including the 2022 roadmap, on the Centcex website.

Solana had cropped over 12% in the last yesterday, but it has had an impressive recovery over the last 24 hours. According to Coinmarketcap.com, Solana was green, having recovered the 12% drop and gained 2.5% at the time of this writing. This is an impressive recovery and shows the potential Solana has.

Note that Solana is currently pushing the ‘Hacker House World Tour’ that is aiming at bringing more developers on the network, which will increase the projects on the network. At the same time, Solana is working to keep its blockchain the fastest by upgrading the staking protocol. So it will be one of the projects to watch.

Almost the same time as this, Cardano had a drop of over 7% for the past 24 hrs. With the market getting bullish, Cardano has been one of the cryptocurrencies making a huge recovery. The coin has recovered the last 24 hours’ dip and is now green with a 13.70% gain, according to Coinmarketcap.com.

Cardano is expected to make an impressive comeback with the development the team is undertaking. The upcoming Cardano scaling protocol upgrade is one of the factors that will make this cryptocurrency grow fast in 2022. check out more information on the Cardano Hydra, a layer-2 scaling solution for Cardano.

Matic has made an impressive recovery from the dip. 24hrs ago, Matic had been posting a14% drop, but at the time of this writing, Matic had recovered from the dip and made an impressive gain of 10% in the green belt. This makes one of the coins that had made an impressive recovery over the last few hours.

Matic still has the potential to make it even biggest during this market breather and might soon start to grow bullish. This is because of the fast-growing demand for the Polygon smart contracts, Matic network, by the Ethereum based developers. With the current trends, the Matic is likely to make even the biggest gains.

Avalanche has had an impressive recovery. Looking at the price of the Avalanche token almost same time, 24 hours, the token had dropped by 17% in the previous 24 hours. That’s how fast the token price was plunging. But it has made an impressive recovery with the current gain of 19% in the green.

Avalanche still has a huge potential to push even high during this market breather due to the increasing demand for smart contracts. Avalanche is one of the layer-2 scaling solutions that are compatible with Ethereum smart contracts. Therefore, it is one of the cryptocurrencies to watch during this market breather.

Litecoin gas posted a 10% drop at the same time 24 hours ago. But the team has been making an impressive recovery from the 10% red to the 7% gain in the green. This is definitely one of the cryptocurrencies doing well in the current market breather. But Litecoin is one of the cryptocurrencies that are expected to do well in 2022.

The Litecoin coin is bringing more developments to the network to make it more profitable for investors. The coming of the Litecoin Gaming and the NFTs have had a positive impact on the project. The increasing number of businesses adopting Litecoin is also making the project attractive. So more is expected to come up soon.

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One of the largest banks in the Philippines, Unionbank, is reportedly launching cryptocurrency trading and custodial services. “It’s a way to future-proof our banking business,” said a Unionbank executive.

Philippines’ Unionbank to Offer Crypto Trading and Custodial Services

Union Bank of the Philippines (UBP), also known as Unionbank, plans to offer cryptocurrency trading and custodial services, Bloomberg reported Thursday.

Unionbank is one of the largest universal banks in the Philippines with over $15 billion in assets under management (AUM). The bank is one of the first financial institutions in the Philippines to adopt cryptocurrency.

Cathy Casas, head of the bank’s blockchain and application programming interface group, explained that the average Filipino investor currently holds about 1% to 2% of their personal assets in cryptocurrency, like bitcoin. She added that if the markets are “stable,” investors would hold between 3% and 5% in 5 years.

The Unionbank executive estimates that about 5% of the local population has dabbled in cryptocurrency. She added that many crypto investors are young people, some of whom earn tokens from play-to-earn virtual games.

Casas commented:

It’s a way to future-proof our banking business.

On Thursday, Metaco, a provider of security software and infrastructure for the digital asset ecosystem, announced that Unionbank is implementing its digital asset management services. Metaco added that Unionbank is deploying services on IBM Cloud.

The bank first announced that it was piloting a crypto custody service in August last year, noting at the time that crypto assets are here to stay. Casas noted that the bank’s custodial service for digital assets will include tokenized bonds.

The central bank of the Philippines, Bangko Sentral ng Pilipinas (BSP), has cautioned against investing in crypto. The central bank warned that cryptocurrencies could “pose a danger to the financial system” citing their vulnerability to illicit activities like money laundering and terrorist financing.

Casas said:

We are making efforts to educate our clients also via social media, making sure that they are safe.

Unionbank is one of the licensed cryptocurrency exchanges approved by the central bank. The bank launched its own stablecoin, PHX, in 2019 to provide rural banks in its network with easier access to payments and remittances.

Tags in this storyCryptocurrency Exchange, Philippines, Philippines Union Bank, Union Bank crypto, Union Bank crypto trading, Union Bank cryptocurrency, Union Bank of the Philippines, Unionbank crypto, unionbank cryptocurrency

What do you think about Union Bank of the Philippines launching cryptocurrency trading and custodial services? Let us know in the comments section below.

Kevin Helms

A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.

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So when society was in its early stages, there was no such thing as money. Hence, if someone were to buy something, it’d be based on a trade. Cryptocurrency works exactly like that. It’s a trade and is 100% virtual. It is the transfer of digital assets.Why Have People Been Going Crazy Over Cryptocurrency?

For starters, it’s decentralized which means that while every transaction of a given cryptocurrency is all recorded on the same ledger – a ledger being one enormous spreadsheet keeping track of all the transactions – there are many copies of that ledger and anyone who is a part of the network possesses one. Thereby, it prevents a person from any sort of tampering.

The main perk of cryptocurrency is that you don’t need banks anymore. Many areas have access to the internet but not to banks owing to a lot of factors – unfavorable geographical terrain being one of them. You can make international payments almost instantly instead of it taking half a day with no spending limits. Additionally, you don’t have to worry about exchange rates, interest rates and even transaction fees are close to zero. However, as alluring it may be, investing in cryptocurrencies comes with its own set of pros and cons. You could either make a huge profit out of it or your entire money might just go to waste.

In layman’s terms, investing or “putting money in” cryptocurrencies refers to people exchanging bitcoins hoping that those cryptocurrencies become the next big thing and therefore suddenly shoot up in value at which point the people can then spend them or just exchange them back for more dollar or rupees than they bought them for.

Here are some people who have actually made money through crypto investment in India. According to Hashir Hussain who is a 17 year old student from Kolkata, “As an investor, I think cryptocurrencies are a good way to exponentially grow your wealth. High volatility is a risk factor, but the profitability is a great plus. It’s better to invest at an early age in new innovations.” Investors like Hussain are more often than not allured by the chance of earning more profit by investing in small amounts. For example, WazirX allows investments into bitcoin with as little as 100-500 rupees ($1.4-$6.8). This being the main reason why Hussain was attracted to investing and has earned more than a 30% profit so far. His strategy has been to sell bitcoins at a profit and then reinvest those funds in other cryptocurrencies.

Owing to trading for several months, he recently moved his investments to Binance -the world’s largest exchange which, according to him, offers him better features. Another student named Prabh Simran has claimed that some of his trades have resulted in 1000% returns. Prabh is a 19 year old medical student from Punjab according to whom, “I made sure my parents believed in cryptocurrency via small initial investments. Obviously, they’re liking the gains. I am excited about the prospect of shaping the market through governance tokens, which grant holders voting power on how a blockchain ecosystem is run. These tokens often allow the user to create loans and earn money by farming.”

Another person from Delhi named Akshat Gupta invested in cryptocurrency in 2018.He has a business of pharmaceutical wholesale in Delhi. According to him, “A few friends of mine had been tracking the growth of Bitcoin and told me to invest. I found out more about it and found the concept interesting so I decided to invest.” Along with buying 14 bitcoins at Rs 90,000 a piece he also began to mine other cryptocurrencies such as Lite and Ethereum.To retrieve his initial capital, he sold off 10 bitcoins over the past 4 years. While the cost of one BTC today is around $42,392.30 or 31,53,149.87 rupees and that of an Ethereum is $3,146.14 or 2,34,013.83 rupees. The 4 bitcoins that Gupta owns today are now worth around 1.6 crore.

According to Akshat Gupta, “No one should invest their entire savings in crypto currencies. If, for example, you have Rs 1 crore in different forms of savings, you should not invest more than Rs 1-2 lakh. Some people who are suffering because of the fluctuations in the value of cryptos are the ones who have invested huge amounts from their savings. There is nothing called stability here. Moreover, I believe it is not possible to see the kind of returns here now as it was earlier. If you were an early investor, you could have easily made 20 to 30 times your initial investment. Now, you can only expect it to double. There are only 21 million Bitcoins that can be mined, so there is saturation in the market now.” According to a 25 year old investor from Odhisa – Kanha Mohanty,

“I had quit my job to prepare for further studies so I did not want to risk a big sum. So I started with a very basic sum. There was no loss and I kept getting curious so I started investing as and when I managed some money.”

He had started with an initial investment of Rs 1500 and managed to recover a profit of Rs 30,000 over the course of 1 year. Every other thing has a dark side to it and crypto is no such exception.

A lot of people don’t take cryptocurrency seriously because of its volatility because these currencies are so new and they’re completely digital unlike say the market for gold, no one really knows what they should be worth and thereby people find the prices of cryptocurrencies to be highly speculative.

Thereby, incurring losses isn’t something unknown to the investors in cryptocurrency. According to a 21 year old student from Techno University, who was new to the crypto investing world, he played it safe and invested 700 rupees in Bitcoin, Shiba Inu and Dogecoin. However, the only return he got was around 411 rupees resulting in a loss. One should never make the mistake of investing all his life savings in crypto. Here’s a man named Sean Russel who put in $120,000 that is 88,78,207 rupees in bitcoin in November 2017. He was shocked to find out that he gained $500,000 that is 3,72,10,225 rupees in one month. However when the price of Bitcoin surpassed $20,000 in December before collapsing, Mr. Russel lost all his life savings.

In fact a friend of mine who had invested almost 4000 rupees in Bitcoin made no more than barely 1200 rupees from it. According to the masses, this is mostly due to the plunge in prices of Bitcoin at a time when it was actually doing well. The dip in cost was unexpected and people did not see it coming. However, irrespective of the many pros and cons of investing in a crypto market, people see the future as an era of open traceable transactions which is only possible with the help of cryptocurrency.

Image Sources: Google Images

Sources: Indian Express, Business Insider, BBC

Disclaimer: This post is fact checked

Find the Blogger: @Rishita51265603

This post is tagged under cryptocurrency, crypto market, investing in crypto market, profit, loss, bitcoin, shiba inu, dogecoin, ethereum on the rise, fall of bitcoin value

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Through this upgrade, partial transaction fees are permanently burned, reducing the circulating ETH supply. A similar upgrade will affect the Polygon network, potentially making MATIC a deflationary token.

EIP-1559 Is A Big Deal

The upgrade of Ethereum to EIP-1559 has some exciting consequences. A partial network fee burning mechanism is a great way to reduce the circulating supply of tokens on the network. Unlike Bitcoin, Ethereum has no “hard cap,” even though it has block reward reductions for miners. Moreover, once the transition to proof-of-stake occurs, that reward reduction schedule will remain in effect.

Ethereum enabled this upgrade through the London hard fork in the summer of 2021. As a result, network enthusiasts now benefit from better gas price predictability — although transactions can still be rather expensive — and network fee burning. More specifically, the network upgrade has burned over 1.58 million Ether, or over $4.5 billion. Although this has caused the ETH supply to flatten a bit, it has not triggered a deflationary effect yet.

Before the deflationary effect can become a reality, the network rewards will need to drop further. Another option is having the network process even more transactions – and subsequently, burning more fees — although Ethereum has been running at near-full capacity for some time. Better scaling will be required, which will occur through sharding in the next upgrade. There is no date for that upgrade today, though, resulting in an ongoing status quo for the network.

Polygon Implements EIP-1559

Users annoyed by Ethereum’s high fees and lack of scaling have begun exploring Layer 2 scaling solutions, including Polygon. Although this layer runs on the Ethereum blockchain, it provides a better transaction throughput at much lower fees. As a result, the Layer 2 solution has become popular among DeFi and NFT enthusiasts, allowing the developers to experiment with new ideas, including integrating EIP-1559.

Per a recent announcement, Polygon confirmed the launch of EIP-1559 on the mainnet on January 18. Its main purpose is to bring fee-burning to Polygon and remove the first-price auction method to calculate network fees. However, it will not reduce gas prices, as that functionality is seemingly not part of the future of Polygon and its native token MATIC.

However, MATIC’s supply will become deflationary  over time through the fee-burning mechanism. The switch will be gradual, as up to 0.27% of the supply will be burned every year. MATIC has a fixed supply of 10 billion — unlike Ethereum’s uncapped supply, and not all of it is in circulation yet — indicating the burning will have a more visible effect on Polygon’s native asset.

The future deflationary nature of MATIC will be beneficial to network validators and delegators. This is because both entities have their rewards denominated in MATIC. Additionally, EIP-1559 on Polygon will reduce spam and network congestion. It is a welcome change following Polygon’s recent gas issues skyrocketing and validators unable to submit blocks. That issue has been resolved, but more solutions to reduce such issues is always beneficial.

Future MATIC Price Impact

When deflation occurs, an asset or currency becomes more scarce. For MATIC, a currency with a fixed supply cap, deflation can prove beneficial in the price department. More specifically, it makes every MATIC slightly more scarce, and the currency will still be required to perform network activities all the same.

However, a 0.27% annual reduction is not necessarily a big change for a currency with a maximum supply of 10 billion. The reduction represents 27 million MATIC per year taken out of circulation. It seems unlikely that it will trigger a big price change in the first few years unless there is a sudden increase in demand for MATIC. That growth may occur through a growing DeFi and NFT ecosystem or Metaverse-related developments on this Layer 2 solution.

That said, MATIC has a one-year price performance of +5,473% — per CoinGecko — indicating demand for exposure to the asset is rising. The big question is whether that is purely for price speculation or utility, as the potential longevity of that uptrend will hinge on how people approach the asset. It has utility, but it is also speculative in nature. Moreover, the asset is ranked #15 by market cap today, behind Shiba Inu but ahead of TerraUSD and Cosmos.

Looking to the future

It is interesting to see Polygon embrace the EIP-1559 improvement, even though it will not address network gas fees. Instead, it is a significant update to reduce spam and network congestion while creating a deflationary curve — although not a spectacular one — for the MATIC asset. It is impossible to tell if that will impact the MATIC price at all, as the yearly supply reduction is not necessarily spectacular.

That said, it is good to see more networks embrace the concept of deflation these days. In traditional finance, inflation is the keyword today, with all of the negative consequences along with it. But on the other hand, deflation creates more scarcity, which can fuel the overall demand for MATIC. There is no guarantee that will happen, however.

This article was originally posted on FX Empire

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Bitcoin price action has continued to weaken as BTC has dropped below a crucial level of support. The prevailing chart pattern projects another 16% drop for the leading cryptocurrency.

Bitcoin price awaits 16% nosedive

Bitcoin price has sliced below the lower boundary of the descending parallel channel on January 21, putting a 16% plunge toward $29,026 on the radar. 

The first line of defense for Bitcoin price is at the July 25 low at $33,851. Additional footholds may emerge for the bellwether cryptocurrency at $31,973 and $30,151, where the June 27 low and the June 26 low sit, respectively.

If Bitcoin price breaks below the aforementioned levels of support, BTC may eventually tag the bearish target given by the governing technical pattern at $29,026, which coincides with the 127.2% Fibonacci retracement level. 

Investors should note that if Bitcoin drops below the aforementioned pessimistic target, BTC may slide even lower to prices not seen since January 2021.

However, if buying pressure increases, Bitcoin price will face immediate resistance at the lower boundary of the prevailing chart pattern at $35,570.

An additional hurdle may emerge at the 78.6% Fibonacci retracement level, coinciding with the middle boundary of the descending parallel channel.

BTC/USDT 12-hour chart

A spike in buy orders may incentivize Bitcoin to tag the upper boundary of the prevailing chart pattern next at $40,878, where the 61.8% Fibonacci retracement and 21 twelve-hour Simple Moving Average (SMA) intersect.

Bigger aspirations will target an escape above the topside trend line of the descending parallel channel pattern, but multiple obstacles may appear, first at the 50% retracement level at $43,016, coinciding with the 50 twelve-hour SMA, then at the 38.2% Fibonacci retracement level at $45,154.

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Cryptos feed-->  Latest Crypto News Latest Crypto News & Analysis Editors’ PicksCryptos enter buy zone

Bitcoin price has made a significant dip this week, dropping more than 11% and returning levels not trades since August 2021. Etheruem price hits new three-month lows, threatens a return to the $2,300 value area. XRP price looks determined to push lower to the $0.65 support zone before generating another bull run.

More Cryptocurrencies NewsLoopring, NEAR and Harmony among the biggest losers as crypto bloodbath intensifies

Altcoins suffered double-digit losses in the recent crypto bloodbath. The recent spike in altcoin prices was followed by a correction for Loopring, Harmony and NEAR. The losses nursed by altcoins were accompanied by a wave of selling pressure across exchanges. 

More Cryptocurrencies NewsShiba Inu price set to crash by 70% as critical support weakens

Shiba Inu (SHIB) price continues to be controlled by bears after the dead-cat bounce in stock markets yesterday evening. With the Nasdaq closing sharply lower, giving up earlier gains, cryptocurrencies are being dragged into a selloff on its coattails, and bearish headwinds  persist. 

More Shiba Inu News Crypto.com Price Prediction: CRO ready to return to $0.25

Crypto.com Coin (CRO) is withstanding the current market headwind not that great. It has already lost over 50% of its value from the highs, and CRO could be set to lose another 30% as essential support is being breached.

More Crypto.com NewsBitcoin: BTC may capitulate to $30,000

Bitcoin price has dropped considerably over the last three weeks. The recent downswing has made things worse for BTC and hints that a steep correction could be on its way.

Read full analysis BTC ETH XRP Crypto partners in your location

The global cryptocurrency market capitalisation dropped to $1.6 trillion from $1.7 trillion during the last 24 hours while the trading volume rose from $126 billion to $130 billion.

The decentralised finance (DeFi) cryptocurrency market cap increased 7.26 percent to $113.19 billion while that of stablecoins rose 0.14 percent to $165 billion. Stablecoins are tied to an asset - such as the dollar or any other fiat currency or gold - to stabilise their price.

Bitcoin's market dominance rose to 41.26 percent and the asset was trading at $35,203.60 levels today morning. In rupee terms, Bitcoin fell over 1 percent to trade at Rs 28,95,454 while Ethereum fell 5 percent to Rs 2,00,017.6.

Bitcoin, the world's biggest and best-known cryptocurrency, is now about half its $69,000 peak in November. It was last at $35,049, after falling as low as $34,000 and following a steep fall on January 21.

The currency has had wild price swings and has been hit as risk appetite has fallen on inflation fears and anticipation of a more aggressive pace of interest rate hikes from the US Federal Reserve.

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According to experts, "Bitcoin remains in the danger zone and if $37,000 breaks, there is not much support until the $30,000 level."

CryptocurrencyPrice (in Rs)24-hour change (in .00-6.11XRP48.94-5.97Axie4,131.40-14.4  Moneycontrol News Tags: ##Stablecoins #bitcoin #blockchain #cryptocurrency #DeFi first published: Jan 23, 2022 08:43 am --> Watch Must Listen

Why is now the right time to invest in US markets?

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Cryptocurrency is facing a rough patch right now, with the market's total valuation down 20% year to date to $1.77 trillion at the time of this writing. But blockchain's long-term prospects look intact as the technology improves and investors seek to preserve wealth in a time of spiraling global inflation. Ethereum (CRYPTO:ETH) and Cardano (CRYPTO:ADA) are excellent ways to bet on these long-term trends.  

1. Ethereum 

Never underestimate the power of a strong brand. With a market cap of $326 billion, Ethereum represents a whopping 19% of the cryptocurrency market's capitalization. Although the network has fallen behind newer blockchains in speed, it can maintain market dominance because of its first-mover advantage and active development community. 

Image source: Getty Images.

Founded in 2015, Ethereum expanded the possibilities of blockchain technology by allowing users to program self-executing smart contracts to create decentralized applications (dApps). These autonomous programs range from digital art markets to decentralized exchanges where users can buy and sell cryptocurrencies. They have made Ethereum a household name among cryptocurrency investors. 

With a transaction capacity of just 15 per second, the Ethereum network suffers from congestion and high transaction costs. But its name recognition still allows it to attract high-impact projects like Shiba Inu -- a $14 billion token that chose to build on the Ethereum network because, as the Shiba Inu white paper claims, "it's already secure and well-established." 

Ethereum is also working to improve its technical capabilities through an update called Ethereum 2.0, which is designed to make the blockchain more scalable and environmentally friendly. The changes will include switching from a proof-of-work (PoW) consensus mechanism (where miners use enormous computing power to solve puzzles and verify transactions) to a proof-of-stake system (PoS) where miners solve puzzles using existing coins. PoS is faster and doesn't consume as much electricity. 

2. Cardano 

With a market cap of $40 billion, Cardano is the sixth-largest cryptocurrency on the planet. Although it still lacks Ethereum's name recognition, it makes up for that with superior speed and technical capabilities. The platform is also constantly improving itself to keep up with the competition. 

Unlike Ethereum, Cardano already has a PoS validation system that can handle about 250 transactions per second. The platform's developer, Input Output Hong Kong (IOHK), also plans to implement an update called Hydra which will increase Cardano's scalability by adding another layer to its blockchain. IOHK hasn't provided much information on when Hydra will go live or how much it will boost the platform's speed. But Cardano is already attracting its fair share of dApp development.

In January, the platform got its first decentralized finance (DiFi) exchange SundaeSwap, which allows users to trade cryptocurrencies and earn interest on their holdings without requiring a centralized intermediary. This project is an impressive vote of confidence in the Cardano network.

Holding for the long haul 

The cryptocurrency market is notoriously volatile, with several high-profile crashes since its inception in 2009. But over the long haul, investors with diamond hands have made some pretty life-changing returns. While it is impossible to know when this latest dip will turn around, Ethereum and Cardano look poised to ride the rebound because of their strong branding and active development communities. 

This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer. Stock AdvisorS&P 500498%134%Join Stock Advisor

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Cumulative Growth of a $10,000 Investment in Stock AdvisorCalculated by Time-Weighted ReturnStocksETHEthereum CRYPTO:ETHADACardano CRYPTO:ADASHIBShiba Inu CRYPTO:SHIB

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The recent development in the crypto industry has seen a massive shift in the crypto communities. As new and highly potent cryptocurrencies start dominating the market, the crypto community has been moving in to exploit the opportunities they offer. This is what has been happening to the Bitgert and Centcex crypto projects.

Even the most established cryptocurrency communities are joining Bitgert and Centcex projects due to the promising returns these projects offer. Both projects started last year, with the Bitgert being the oldest of the two. However, it has been in the market for the last 5 months and has made tremendous accomplishments in a short time.

Read more below to know why these two projects are attracting more other crypto communities and what’s going on in Shiba Inu, Dogecoin, BNB coin, Ethereum, and Bitcoin.

The biggest reason why crypto communities are joining Bitgertis because of the attractive rewards, but the potential of the project has been key. Bitgert is one of the DeFi projects that have proven to be a force to reckon with in the coming days. The Bitgert team is building a massive DeFi ecosystem that features a centralized exchange and gas-less blockchain.

These two are key Bitgert products that launch in 2022, but the Brise exchange is releasing in Q1 2022. The Bitgert team has also promised over 10 products by the end of this year. These are factors attracting investors from Shiba Inu, Dogecoin, BNB coin, Ethereum, Bitcoin communities. Read more about this project on the Bitgert website.

There are many reasons why Centcex has been attracting investors from Shiba Inu, Dogecoin, BNB coin, Ethereum, and Bitcoin communities. One of them is the huge rewards that invested are expecting to get once the Centcex staking process starts. The team has a designed project that rewards 100% APY of the revenue developed by the Centcex products.

To make this the most rewarding staking process, the Centcex team is developing an unlimited number of products. These products will be running on the Centex ecosystem. The developers are producing cryptocurrency applications that offer the best security and user experience features. These are the key features of this project attracting other communities to join. More on the project is on the Centcex website.

Although the Shiba Inu community is joining Bitgert and Centcex cryptocurrencies, it is one of the projects to watch in 2022. The Shiba team has started working on a huge project that will likely make the cryptocurrency explode in 2022. The team is developing an ecosystem that will include many projects, including NFTs.

The Shiba Inu team is also in the process of launching Doggy DAO, which is going to change how the network runs. The DAO will enable the community to vote on major issues. There are also many projects joining Shiba network in 2022.

Dogecoin is doing very well in the market after the recent relief after a week of massive dips. But there is more driving the Dogecoin surge, apart from the market forces. The team has employed marketing strategies that are working so well. The inclusion of Vitalik Buterin and Elon Musk has been pivotal in the growth of Dogecoin.

Dogecoin is one of the digital currencies to watch in 2022. The team is working on making this great coin the best digital currency for payments across the globe. The Dogecoin team is working on making the cryptocurrency one of the best crypto investments in 2022.

Binance coin is coming from the price crash on stronger. The coin is gaining from the current market breather. The BNB coin is expected to record a huge growth this year, with the price prediction set at $614 by the end of the year.

The Binance team is also working on projects that will make the coin’s value grow as the Binance products’ demand increases. The increasing number of BSC projects and the increasing use of the Binance exchange are some of the factors that will increase the growth of the Binance coin.

Ethereum is another large cryptocurrency that is doing well in the market. This is because of a number of factors making the cryptocurrency grow fast from the recent dip. One of them is the increasing number of scaling solutions, making it easy for new Ethereum based projects.

The ongoing plans to upgrade the Ethereum scaling protocol is another reason why this coin is doing well in the market. The Hydra protocol upgrade is expected to deliver over 1 million transactions per second, making Ethereum the fastest blockchain. Ethereum will be 10 times the current Solana speed.

The Bitcoin community is joining Bitgert and Centcex projects, but this does not mean Bitcoin is losing the market. It is the largest and most valuable cryptocurrency in the market today. Bitcoin is expected to be one of the biggest gainers in the market. In fact, the price prediction is over $100,000 by the end of the year.

Bitcoin adoption in the real world is growing fast, with more businesses now accepting BTC payments. There are many other reasons why BTC might be the next big thing in the crypto market. So Bitcoin is one of the crypto coins to watch in 2022.

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Ethereum challenger Fantom (FTM) is setting new fundamental records amid the sustained price decline across the crypto markets.

New data from DeFi Llama, an analytics platform focused on decentralized finance (DeFi) and non-fungible tokens (NFTs), shows that Fantom printed a new all-time high in terms of total value locked (TVL).

Fantom is a highly scalable blockchain platform for DeFi, decentralized applications (DApps) and enterprise applications. According to DeFi Llama, Fantom hit a record high in TVL at $10.51 billion, a staggering ascent of over 362,300% from its TVL of $2.90 million in April 2021.

The TVL of a blockchain or DeFi protocol represents the total capital held within its smart contracts. TVL is calculated by multiplying the amount of collateral locked into the network by the current value of the assets.

With a new all-time high in TVL, Fantom has managed to overtake fellow Ethereum competitors Avalanche (AVAX) and Solana (SOL) to become the fourth-largest blockchain in total value locked.

DeFi Llama shows that Binance Smart Chain is currently third on the list with $11.74 in total value locked. Terra (LUNA) comes in at number two with $16.12 billion in total value locked. Ethereum (ETH) itself remains the top blockchain with $116.23 billion in TVL.

The rise in Fantom’s total value locked comes as the top 1,000 non-exchange Ethereum whales accumulate FTM. Whale-monitoring platform WhaleStats shows that Fantom is one of the top altcoins that have been bought the most by deep-pocketed investors in the last 24 hours with an average purchase amount of $1,620 worth of FTM tokens.

The whale-surveilling website also shows that Ethereum whales collectively hold more than $124.64 million worth of FTM coins.

 Check Latest News Headlines  Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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