Category: Cryptocurrency News

Cardano (ADA) started 2023 with an upward trend that retested the $0.2522 resistance level but has since failed to gather any meaningful momentum to sustain the run. As of writing, Coingecko notes an increase of a measly 0.2%. This might be small gains, but is a great indicator that investor sentiment has reversed by the start of this fiscal year.  Related Reading: Can Polygon (MATIC) Break 2022 Sideways Momentum? Can ADA Bounce Back? Cardano in 2022 has been very bearish in terms of its native token ADA. Even after its Vasil hard fork, an event likened to the Ethereum Merge, the token still continued its downward spiral to its current price of $0.2491.  One reason that pushed ADA’s price down is the current macroeconomic situation. During the first quarter of 2022, the U.S. Federal Reserve raised rates until last month which is the seventh rate increase in 2022.  This in turn had adverse effects on the market, pushing the price of both traditional finance instruments and digital assets down. But 2023 seems to have a new effect on the struggling ecosystem.  Image: Coinmama Cardano Fared Better Vs. Competitors The recent FTX debacle dealt a blow to any protocol or ecosystem affiliated with the failed exchange. Solana, a touted “Sam coin”, fell in value tremendously. According to recent news, Solana’s native token SOL has fallen so much that some are saying they are nearing collapse.  According to Santiment, ADA is undervalued at the moment, showing extreme exhaustion of the bears. Twitter users who are very bullish on Cardano share metrics that are increasing. With the upcoming on-chain upgrade bringing more features on the platform, investors on ADA might see more bullish action in the coming weeks.  Check the #Cardano on-chain stats. Everything goes up. pic.twitter.com/Q7pw44WTkA — Cardano YODA (@JaromirTesar) January 1, 2023 With Solana down, the NFT market is shifting from Solana to Cardano. However, Cardano still has a long way to go to be even on par with Solana’s trade volume and value. ADA investors and traders could see the token break through the $0.2522 price resistance.  ADA total market cap at $8.7 billion on the daily chart | Chart: TradingView.com Related Reading: Can Polygon (MATIC) Break 2022 Sideways Momentum? A break on this price resistance level could be a new sign of life to the struggling ecosystem. In the long term, investors and traders should watch for macroeconomic developments as this has a strong effect on the crypto markets.  As markets recover, ADA’s current price movement could be a catalyst to a stronger bullish movement. However, ADA’s volatility is increasing which, if the $0.2522 resistance holds, can lead to drops as low as $0.2397. -Featured image: The Independent

So I got a ledger for Christmas and i honestly don’t know why I worried so much! I took all the precautions as instructed from this sub and others. I was crapping my pants about getting it wrong and losing everything but It really was very simple. If you’re worried just check out some tutorials…
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It seems ETH is putting up a fight, after all! When comparing charts of their performances the difference is clear: ETH and BTC transactions during 2022. Data was fetched from Nasdaq and Ychart. The values shown in the chart are in millions of transactions. The average transactions per day were 1,119,292 for ETH and 255,086…
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The Italian Senate approved the new tax rate for crypto trading as part of the budget legislation for 2023.

Solana (SOL) has been completely engulfed in FUD since the FTX crash. This invariably resulted in the price of the token declining much faster than the rest of the market, and last week, SOL touched single-digit values for the first time in almost two years. However, there seems to be a turn in the tide for the digital asset as it receives support from Vitalik Buterin. Vitalik Buterin Offers Support To Solana  Taking to Twitter, Ethereum founder Vitalik Buterin expressed support for Solana for the first time. Solana which had been the fiercest competitor of Ethereum had been unable to keep up given its ties to FTX crypto exchange, its sister company Alameda Research, and its disgraced founder Sam Bankman-Fried, but Buterin is not pleased that the competitor is essentially crumbling. Related Reading: Santiment: Bitcoin Will Trend Lower Because Whales Are Still Selling In the tweet, the Ethereum founder explained that “some smart people” had told it that there was still a good developer community on the blockchain who are earnest and smart. Furthermore, they added that since the opportunistic people trying to make a quick buck had now been pushed out, they expect the network to have a bright future. Buterin himself explains that he couldn’t tell if this was true looking in from the outside but said that he hoped that “the community gets its fair chance to thrive. This tweet was made about four days ago and it had an incredibly positive impact on Solana. SOL Price Rallies On Buterin Comments The price of SOL saw an upward trend following the tweets from the Ethereum founder. Although Solana remains a long way from its glory days, Buterin’s tweets had given the bulls just the morale boost they needed and by Monday, SOL’s price had surged as high as $12 before correcting back down. SOL recovers above $11 | Source: SOLUSD on TradingView.com Presently, the price of the digital asset is sitting above $11, rising over 15% in the last 24 hours. This recovery has also helped to wipe out most of the losses recorded over the last week, and now, it is down only 1.81% in the last 7 days compared to over 20% losses being recorded last week. Related Reading: Bitcoin Investor Sentiment Remains Steady As BTC Stalls At $16,000 This recovery also puts the digital asset close to the top of the list of gainers for the day. It sits only behind Lido DAO which is up over 16% in the last hours. As for whether SOL will be able to maintain current prices and go higher, it depends on the momentum in the market. The cryptocurrency is still subject to intense FUD and community morale remains low but the $13 level remains within sights as long as buy pressure keeps up. Featured image from Coin Culture, chart from TradingView.com

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ONLY project with 100% uptime in the last 8 years Market cap of 5.5 billion market cap (1/60 of BTC's market cap) Maximum supply 84 million (4x of BTC's) It's fast, transactions take about 5 minutes to process. Man is it cheap, only a few cents for sending money. It actually outperformed most of the…
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Both sides are facing financial headwinds, and Gemini was sued last week over money locked in its Earn program.

Grayscale holds a total of 14.6 billion dollars worth of crypto as of right now. In case of forced selling these are the tokens that would be impacted the most. Percentages in the table represent the percentage of the total market cap of the said coin ETC 8.53% ZEN 4.64% BTC 3.28% ZEC 2.53% ETH…
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