What Happens To L1 Tokens Today? (02 Nov 2022, Wednesday)


"What happens to L1 Tokens today?" is a crypto news curator that curates high-quality and insightful Layer-1 Token news for you daily.

Here are the news for you today.

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BITCOIN (BTC)

Current Price: $ 20,443 (24h Changes: 0.33 %)

Current Market Cap: $ 392,440,267,016 (24h Changes: 0.28 %)

Positive News

Uptober: Bitcoin jumps 6% while DXY and gold post negative returns

Source: CryptoSlate

Date: Tue, 01 Nov 2022 15:56:17

After two consecutive red months, Bitcoin posted a 6% increase in October. The post Uptober: Bitcoin jumps 6% while DXY and gold post negative returns appeared first on CryptoSlate.

South Africa's Largest Supermarket Chain Now Accepts Bitcoin

Source: Crypto Daily

Date: Tue, 01 Nov 2022 15:42:22

South Africa's largest supermarket chain, Pick ‘n Pay, announced on Tuesday that it is expanding a pilot of adding cryptocurrencies as a payment option to more stores after it successfully completed the first phase. Pick ‘n Pay, South Africa's largest supermarket chain had joined the crypto revolution by accepting Bitcoin using the Lightning Network application.

Bitcoin Holds Above $20K Ahead of Fed's Interest Rate Decision

Source: Decrypt

Date: Tue, 01 Nov 2022 15:17:01

The Fed will reveal tomorrow if it will continue to hike interest rates. Tuesday data suggests it might, but Bitcoin hasn't budged.

Neutral News

How To Trade MicroStrategy Before And After Q3 Earnings: Will Michael Saylor's Bitcoin Focus Pay Off?

Source: Benzinga

Date: Tue, 01 Nov 2022 15:16:59

MicroStrategy, Inc (NASDAQ: MSTR) stock was trading down Tuesday as the company heads into its third-quarter earnings print after the close. When software and cloud-based services company printed a massive second-quarter earnings miss on Aug. 2, the stock surged almost 12% higher the following day and continued to trade higher over most of the six trading days that followed before topping out at $361.97 on Aug. 11.

Bitcoin Miner Selling Power At Lowest For 2022, Green Sign For Market?

Source: NewsBTC

Date: Tue, 01 Nov 2022 15:00:42

On-chain data shows the Bitcoin miner selling power is at its lowest for the year, something that could be favorable for the price of the crypto. Bitcoin Miner Selling Power Has Been Going Down In Recent Weeks As pointed out by an analyst in a CryptoQuant post, the metric has observed surges in its value a few times this year, and each time the BTC price has gone down.

Bitcoin [BTC]: What history tells us about assessing bottom formation

Source: AMBCrypto

Date: Tue, 01 Nov 2022 14:30:36

Following a prolonged period of extremely low volatility that caused the leading coin Bitcoin [BTC], to trade in a tight range since early September, its price rallied above the $20,000 level during last week's trading session. The king coin traded as high as $20,961, and doubts about whether the bottom had been reached re-emerged.

Negative News

Bitcoin Coinbase Premium Index Plunges Down, What Does It Mean?

Source: Bitcoinist

Date: Tue, 01 Nov 2022 15:00:17

Data shows the Bitcoin Coinbase Premium Index has plunged down recently, here's what has happened in the past during instances of such a trend.

Stakeholders in embattled bitcoin miner are bracing for bankruptcy: Bloomberg

Source: The Block

Date: Tue, 01 Nov 2022 13:53:11

As Core Scientific considers bankruptcy, bondholders are reportedly seeking legal protection. The post Stakeholders in embattled bitcoin miner are bracing for bankruptcy: Bloomberg appeared first on The Block.

7 Cryptos Now Hanging on Fed Policy

Source: Investorplace

Date: Tue, 01 Nov 2022 13:46:09

Although Fed rumors regarding the easing of hawkish monetary policy boosted cryptos, investors still need to be cautious.

 

ETHEREUM (ETH)

Current Price: $ 1,576.4 (24h Changes: 0.85 %)

Current Market Cap: $ 190,081,471,311 (24h Changes: 0.84 %)

Positive News

MoneyGram Now Allows Buying Bitcoin, Ethereum and Litecoin on Its Mobile App

Source: UToday

Date: Tue, 01 Nov 2022 15:01:00

MoneyGram says that it plans to add more cryptocurrencies in in 2023 after allowing its customers to buy Bitcoin, Litecoin and Ethereum on its app

GameStop NFT Marketplace Launches on Leading Ethereum (ETH) Layer-2 Blockchain

Source: The Daily Hodl

Date: Tue, 01 Nov 2022 14:41:24

An Ethereum-based layer-2 blockchain is announcing that GameStop's marketplace for digital collectibles has officially launched and is now live on its platform.

Price Surge Puts Majority Of Ethereum Investors In Profit

Source: NewsBTC

Date: Tue, 01 Nov 2022 13:00:38

Ethereum investors have had a rollercoaster year in 2022. It has been both successful in some aspects and gut-wrenching in others.

Neutral News

Web 3.0 Domains: Can .eth Replace .com?

Source: Dailycoin

Date: Tue, 01 Nov 2022 13:00:38

Decentralized domains have been on fire during the last crypto bull market.

Make Easy Passive Income With These 3 Cryptos

Source: The Motley Fool

Date: Tue, 01 Nov 2022 07:40:00

Ethereum, Solana, and Cardano are three popular coins for earning passive income via staking.

Ethereum's largest whales back in ‘hodl' mode after Merge

Source: Finbold

Date: Tue, 01 Nov 2022 05:20:28

After a significant slump in accumulation ahead of the long-awaited Merge upgrade to the Ethereum (ETH) network that marked its transition from the Proof-of-Work (PoW) to the Proof-of-Stake (PoS) algorithm, the token's largest whales seem to be back in the ‘hodling' mode.

Negative News

Ethereum [ETH] traders can anticipate a pullback to this region

Source: AMBCrypto

Date: Tue, 01 Nov 2022 15:30:37

 The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Ethereum surged above a range to show bullish intent This wave of buying could propel ETH as high as $2000 Ethereum saw powerful bullish momentum in the past week, but it slowed down in the

7 Cryptos Now Hanging on Fed Policy

Source: Investorplace

Date: Tue, 01 Nov 2022 13:46:09

Although Fed rumors regarding the easing of hawkish monetary policy boosted cryptos, investors still need to be cautious.

Ethereum Drops Below $1,600; PancakeSwap Becomes Top Loser

Source: Benzinga

Date: Tue, 01 Nov 2022 10:09:08

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH), the two most valued cryptocurrencies in the world, traded lower on Tuesday ahead of the US Federal Reserve meeting. Dogecoin (CRYPTO: DOGE), meanwhile, recorded sharp gains on Tuesday after Elon Musk disclosed that he is the Chief Executive Officer of post-merger company after Twitter deal, according to a filing made with the U.S.

 

BINANCE (BNB)

Current Price: $ 324.68 (24h Changes: -0.87 %)

Current Market Cap: $ 53,007,729,248 (24h Changes: -0.86 %)

Positive News

Best Coins to Buy Today 1 November – D2T, RIA, IMPT, DOGE, BNB

Source: Cryptonews

Date: Tue, 01 Nov 2022 15:30:00

The sustained market rally has led to improvements in the sentiment around the crypto market. Crypto assets are currently bullish, offering a prime opportunity for investors to profit. This article reviews some of the best coins to buy today for profits down the line. 

Boba Network Becomes the First L2 Solution on BNB Chain

Source: InvestingCube

Date: Tue, 01 Nov 2022 12:08:33

Boba Network has launched the first L2 network on BNB Chain. We tell you the implications to users and developers.

Orbeon (ORBN) Presale Is Selling Out Fast, Binance (BNB) And PancakeSwap (CAKE) Price Remains Flat

Source: Cryptonews

Date: Tue, 01 Nov 2022 11:36:00

The text below is an advertorial article that is not part of Cryptonews.com editorial content.

Neutral News

Binance Chief CZ: Twitter Should Support Multiple Cryptos, Not Just Dogecoin And BNB

Source: EWN

Date: Tue, 01 Nov 2022 12:48:18

Binance CEO Changpeng Zhao said several cryptos should be supported by Elon Musk's Twitter.

Twitter Should Not Just Support DOGE & BNB Tokens: Binance CEO

Source: Coingape

Date: Tue, 01 Nov 2022 09:28:36

Binance CEO “CZ” in the latest AMA on Tuesday said Twitter should support multiple cryptocurrencies as Elon Musk hints to introduce Dogecoin (DOGE) to Twitter. Binance CEO also answered questions on BNB support on Twitter, investments in Twitter, Binance Oracle, and Binance's NFT project.

Dogecoin, Shiba Inu, and BNB Spikes, Bitcoin declines but maintains support

Source: Bitcoinworld

Date: Tue, 01 Nov 2022 01:59:14

Tuesday morning trading period in Asia saw a decline in the price of Bitcoin and Ether, but most of the other top 10 cryptocurrencies by market capitalization, excluding stablecoins, either increased or decreased by less than 1%.

Negative News

Binance Coin (BNB) Struggles To Break Above $335; Here Is What To Expect 

Source: NewsBTC

Date: Tue, 01 Nov 2022 15:06:36

BNB's price shows strength as it continues its rally, with eyes set on breaking its major resistance of $335, stopping the price from increasing.  BNB could rally more as the price creates a bullish bias and holds above resistance.

 

CARDANO (ADA)

Current Price: $ 0.4 (24h Changes: -0.59 %)

Current Market Cap: $ 14,062,168,808 (24h Changes: -0.66 %)

Positive News

Cardano's network activity spiked significantly in October: DappRadar

Source: Invezz

Date: Tue, 01 Nov 2022 13:33:13

Cryptocurrency prices today show that Cardano (ADA/USD) is trading around 7% down over the past 30 days. But as well as gains of over 13% in the past week, data shows the blockchain platform experienced significant network activity in October.

Analyst Says Cardano Presenting Epic Opportunity for Long-Term Bulls, Updates Outlook on Three Other Altcoins

Source: The Daily Hodl

Date: Tue, 01 Nov 2022 12:55:55

A widely followed crypto strategist says that smart contract platform Cardano (ADA) is hovering at a price area that could offer massive upside potential for long-term holders. Analyst Michaël van de Poppe tells his 638,000 Twitter followers that ADA could be in the process of carving a bear market bottom.

$ADA: Cardano's Latest Monthly On-Chain Stats Are In, and the Numbers Are Far From Scary

Source: CryptoGlobe

Date: Tue, 01 Nov 2022 11:50:34

On Monday (31 October 2022), i.e. Halloween 2022, Cardano Foundation announced the on-chain stats for October, and thankfully the numbers were healthy enough not to scare any $ADA HODLers. Cardano Foundation is “an independent Swiss-based non-profit that oversees and supervises the advancement of Cardano.

Neutral News

Conservative Cardano Prediction for 2023 – How high can Cardano go?

Source: CryptoTicker

Date: Tue, 01 Nov 2022 12:15:31

The targets for Cardano by December 2022 are clear. What is a conservative Cardano prediction for 2023?

Make Easy Passive Income With These 3 Cryptos

Source: The Motley Fool

Date: Tue, 01 Nov 2022 07:40:00

Ethereum, Solana, and Cardano are three popular coins for earning passive income via staking.

Cardano Price Prediction – How High Can ADA Go in 2022?

Source: Cryptonews

Date: Tue, 01 Nov 2022 05:59:00

The cardano price has risen by 2.5% today, reaching $0.412737 in the past 24 hours. This represents a 15% gain the past week, as ADA capitalizes on market-wide gains brought about by improving investor sentiment.

 

RIPPLE (XRP)

Current Price: $ 0.46 (24h Changes: 1.8 %)

Current Market Cap: $ 23,088,932,123 (24h Changes: 1.8 %)

Positive News

Coinbase backs Ripple in SEC case, and investors could be too optimistic on rates: CNBC Crypto World

Source: CNBC Television

Date: Tue, 01 Nov 2022 15:33:50

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Steve McClurg of Valkyrie explains what investors are watching ahead of the Fed meeting.

Analyst Predicts Rallies in XRP and One Ethereum-Based Altcoin, Updates Stance on DOGE Rival Shiba Inu (SHIB)

Source: The Daily Hodl

Date: Tue, 01 Nov 2022 15:00:09

A widely followed crypto analyst is forecasting potential rallies in XRP and another Ethereum-based altcoin from the social token space. The pseudonymous analyst known as Altcoin Sherpa tells his 186,000 Twitter followers that XRP is forming a decent base for a rally as long as Bitcoin (BTC) can hold steady.

Coinbase Petitions To File Amicus Curiae Brief In Support Of Ripple In SEC Fight

Source: Benzinga

Date: Tue, 01 Nov 2022 14:20:55

Cryptocurrency exchange Coinbase Global Inc (NASDAQ: COIN) has petitioned a federal court to file an amicus curiae brief intending to support Ripple (CRYPTO: XRP) in its fight against the U.S. Securities and Exchange Commission, contending that the regulator has failed to keep pace with the digital assets industry. In a series of tweets, Paul Grewal, Coinbase's chief legal officer stated that the Constitution guarantees that government agencies cannot condemn conduct as a violation of law without providing fair notice that the conduct is illegal and that by suing sellers of XRP tokens after making public statements signaling that those transactions were lawful, the SEC has lost sight of this bedrock principle.

Neutral News

Ripple: One of biggest exchanges in the world to support Ripple in SEC case – Is XRP about to moon?

Source: CryptoNewsFlash

Date: Tue, 01 Nov 2022 13:30:29

Coinbase proposes to give legal advice on the ongoing case between Ripple and SEC.

More Allies for Ripple, Along With Coinbase Against The SEC. Will They Relist XRP Now?

Source: CoinPedia

Date: Tue, 01 Nov 2022 09:45:42

The Ripple vs. SEC lawsuit is evolving daily and taking on a fresh angle as the company gains new allies. According to a recent update, Coinbase had submitted a request for an amicus brief in support of Ripple because it thinks the SEC's case poses a threat to the entire crypto industry.

XRP Lawsuit: Ripple Gets Fresh Support, US Lawyer Warns of SEC's Punch Back

Source: UToday

Date: Tue, 01 Nov 2022 08:32:00

US lawyer hints at SEC's punch back as amicus briefs in support of Ripple grow

Negative News

Coinbase and Crypto Advocacy Group Support Ripple in XRP Lawsuit With SEC by Asking To File Amicus Briefs

Source: The Daily Hodl

Date: Tue, 01 Nov 2022 16:00:18

Yet another two parties are attempting to weigh in on the U.S. Securities and Exchange Commission's (SEC) lawsuit against Ripple.

Ripple price analysis: XRP rejects upside, prepares to break past $0.45?

Source: Cryptopolitan

Date: Tue, 01 Nov 2022 12:03:07

Ripple price analysis is bearish today as we have seen a clear lower high set at $0.465 after a lower low was set at $0.45 yesterday. XRP/USD will likely continue even lower later today as a result, likely to break below the $0.45 support.

XRP Lawyer Predicts Early Ruling In Ripple Lawsuit

Source: Coingape

Date: Tue, 01 Nov 2022 08:43:20

The crucial lawsuit between US SEC and Ripple is getting intense as many industry leaders are trying to get involved in court proceedings. People concerned with the Ripple lawsuit are expecting that there might be a delay in the Summary Judgement rulings.

 

SOLANA (SOL)

Current Price: $ 32.24 (24h Changes: -0.65 %)

Current Market Cap: $ 11,585,096,205 (24h Changes: -1.06 %)

Positive News

This tiny SOL detail could leave investors in a zen state of mind for the rest of 2022 

Source: AMBCrypto

Date: Tue, 01 Nov 2022 09:30:10

Solana [SOL] recently faced backlash from the crypto community because of the outages in the second half of 2021 and first half of 2022. These mishaps raised several questions from the Web3 community related to the reliability of the blockchain.

Neutral News

Make Easy Passive Income With These 3 Cryptos

Source: The Motley Fool

Date: Tue, 01 Nov 2022 07:40:00

Ethereum, Solana, and Cardano are three popular coins for earning passive income via staking.

SOL Global Provides Interim Unaudited Financials for the Third Quarter Ended August 31, 2022

Source: Crypto Reporter

Date: Tue, 01 Nov 2022 03:07:53

TORONTO--(BUSINESS WIRE)--SOL Global Investments Corp.

Negative News

7 Cryptos Now Hanging on Fed Policy

Source: Investorplace

Date: Tue, 01 Nov 2022 13:46:09

Although Fed rumors regarding the easing of hawkish monetary policy boosted cryptos, investors still need to be cautious.

 

AVALANCHE (AVAX)

Current Price: $ 18.6 (24h Changes: -1.39 %)

Current Market Cap: $ 5,551,407,798 (24h Changes: -1.72 %)

Positive News

Will Metacade Token (MCADE) Become as Successful as Avalanche (AVAX)?

Source: Invezz

Date: Tue, 01 Nov 2022 05:00:01

Few tokens have enjoyed the level of rapid success that Avalanche has since its launch in 2020. It's one of the hottest Ethereum competitors on the market today, delivering some savvy investors nearly 50x their initial investment. Now, speculators are eyeing similar potential for a new project called Metacade.

Avalanche Price Can Gain Further Momentum If The Bulls Barrel Past $19

Source: NewsBTC

Date: Tue, 01 Nov 2022 00:00:42

Avalanche price has shown bullish strength over the last 24 hours. It has been one of the few altcoins that have remained positive despite most altcoins losing value over the past day.

 

POLKADOT (DOT)

Current Price: $ 6.49 (24h Changes: -2.2 %)

Current Market Cap: $ 7,574,957,750 (24h Changes: -2.35 %)

Positive News

Can Polkadot solely rely on its development activity for a bullish November 

Source: AMBCrypto

Date: Tue, 01 Nov 2022 13:30:47

Polkadot [DOT] has been in the spot light for quite some time now owing to its high development activity. DOT made headlines once more for the same reason, as it ranked second among crypto projects in terms of development activity in the last 30 days, only behind Cardano [ADA].

Polkadot (DOT) Price Closes Most Bullish Week Since July – Will it Keep Up Momentum?

Source: BeInCrypto

Date: Tue, 01 Nov 2022 07:30:00

The Polkadot (DOT) price has yet to break out from long-term resistance levels in the weekly time frame. However, the daily chart supports the beginning of a bullish reversal which could then continue in the weekly time frame.

Reasons Polkadot parachains may drive DOT towards the bulls this quarter

Source: AMBCrypto

Date: Tue, 01 Nov 2022 00:30:51

Polkadot's parachains were observed to be performing well in the past seven days. The growth of the parachains could aid Polkadot to witness some growth in the near future.

Negative News

Polkadot price analysis: DOT dips further to lows of $6.48

Source: Cryptopolitan

Date: Tue, 01 Nov 2022 13:59:11

Polkadot price analysis shows DOT prices are still in a bearish market as they dip further to lows of $6.48.  Polkadot price has been struggling to break past the resistance level at $6.71 and continues to face downward pressure.

 

 

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


What Happens To Crypto Today?
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