What Happens To L1 Tokens Today? (11 Jan 2023, Wednesday)

What Happens To L1 Tokens Today? (11 Jan 2023, 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: $ 17,437.2 (24h Changes: 1.17 %)

Current Market Cap: $ 336,122,298,232 (24h Changes: 1.0 %)

Positive News

Grayscale Bitcoin Trust (GBTC) Jumps 12% Despite Ongoing Struggles

Source: TheNewsCrypto

Date: Tue, 10 Jan 2023 13:32:11

On Monday, shares of the struggling Grayscale Bitcoin Trust (GBTC) jumped, bringing the trust's discount to Bitcoin closer to BTC's

Bitcoin stable above $17,200 and Aptos skyrockets 40% – These altcoins to watch

Source: CryptoNewsFlash

Date: Tue, 10 Jan 2023 13:25:46

The altcoin market is patiently waiting for Bitcoin price to break above the current resistance level to continue rallying.

Billionaire bitcoin bull Mike Novogratz says 2023 will be a year for crypto markets to try and survive, and 'heal and rebuild narrative'

Source: Business Insider

Date: Tue, 10 Jan 2023 13:08:00

"The outlook for crypto is not horrible, but it's not great," the Galaxy Digital CEO said. "We've got time to heal and rebuild [the] narrative.

Neutral News

Grayscale Bitcoin: GBTC discount to NAV narrows to -38.55%

Source: Invezz

Date: Tue, 10 Jan 2023 13:41:28

Shares of the Grayscale Bitcoin Trust (OTCMKTS: GBTC) rose on Tuesday as an uptick across the crypto market pushed prices of Bitcoin (BTC/USD) and other cryptocurrencies higher.

BTC's price could move in either direction and this is the rationale behind it

Source: AMBCrypto

Date: Tue, 10 Jan 2023 12:30:31

According to a new report by on-chain data provider Glassnode, leading coin Bitcoin [BTC] kicked off the 2023 trading year with an extremely low realized volatility.

Bitcoin community blasts Peter Zeihan for BTC bashing

Source: Crypto news

Date: Tue, 10 Jan 2023 10:17:40

The bitcoin (BTC) community attacked Peter Zeihan after he made hateful comments about bitcoin (BTC) on the Joe Rogan Experience.

Negative News

Bitcoin Is A “Decentralized Ponzi Scheme,” According To The CEO Of JPMorgan

Source: Coincu

Date: Tue, 10 Jan 2023 13:23:31

Key Points: Jamie Dimon, the CEO of JPMorgan Chase, is unmoved in his opposition to cryptocurrencies and continues to refer to them as “decentralized Ponzi schemes.” Jamie Dimon, CEO of JPMorgan, referred to Bitcoin as a “decentralized Ponzi scheme” when speaking at the 41st Annual Healthcare Conference hosted by JP Morgan.

Nebraskangooner gives his opinions on whether news affects BTC price

Source: Cointelegraph

Date: Tue, 10 Jan 2023 12:05:00

Nebraskangooner gave his thoughts on multiple topics in the latest episode of the Crypto Trading Secrets podcast, including his opinions on Bitcoin in the bear market.

Mark Mobius Says Bitcoin Could Fall to $10K

Source: LiveBitcoinNews

Date: Tue, 10 Jan 2023 12:00:39

The price of bitcoin has taken several hard hits over the past 14 months, but according to legendary investor Mark Mobius, he thinks things are going to get a lot worse before they get better.

 

ETHEREUM (ETH)

Current Price: $ 1,340.93 (24h Changes: 1.17 %)

Current Market Cap: $ 161,621,934,870 (24h Changes: 1.07 %)

Positive News

This Scenario Suggests the Ethereum (ETH) to Bitcoin (BTC) Price Could Hit a 5-Year High

Source: BeInCrypto

Date: Tue, 10 Jan 2023 13:00:00

The ETH/USDT pair has reached an important resistance, a breakout above which could cause a sharp increase. ETH/BTC has already broken out.

Ethereum Price Records 9% Rise, Why Traders Bet On More Profits

Source: NewsBTC

Date: Tue, 10 Jan 2023 11:58:14

The Ethereum price has been trending to the upside over the past week as the general sentiment in the market improves. The second crypto by market capitalization could extend its gains if macroeconomic conditions continue to support the rally.

7 Cryptos to Watch as the Fed Deliberates Its Next Move

Source: Investorplace

Date: Tue, 10 Jan 2023 11:15:58

While the new year has so far produced positive results for cryptos, investors need to be extremely vigilant about what may lie ahead.

Neutral News

Ethereum bulls remain euphoric but bears will look to erase all the recent gains

Source: AMBCrypto

Date: Tue, 10 Jan 2023 14:30:32

Ethereum has noted gains of 15.5% in the past three weeks. The defense of the $1160-$1180 region before Christmas was followed by a slow but steady ascent for the altcoin giant.

Will Crypto Volatility Crunch Precede an Explosive Move for BTC and ETH?

Source: BeInCrypto

Date: Tue, 10 Jan 2023 02:05:47

Crypto markets have been relatively dormant for the past nine weeks. Such periods of low crypto volatility usually precede a large move.

Negative News

Ethereum price analysis: ETH falters at $1,332 as the market bears take hold

Source: Cryptopolitan

Date: Tue, 10 Jan 2023 13:28:33

Ethereum price analysis is bearish for today as the ETH price has fallen to the $1,332 level. The bears have taken control of the market, and ETH is trading in a sideways range.

Ethereum Could Retrace to $1,283 and Lower, Analyst Says, Looking at Chart

Source: UToday

Date: Tue, 10 Jan 2023 07:01:00

Ethereum may drop due to sell signal, this analyst reckons

Bearish Flags Flutter for Ethereum, Is it the Right Time to Plunge back Below $1250?

Source: CoinPedia

Date: Tue, 10 Jan 2023 04:01:29

The Ethereum price hovered around the liquidity zone below $1220 for quite a long time and quickly dropped heavily below $1200 to mark the bottom. However, at the beginning of the year 2023, the price inflated significantly and soared high to mark the yearly high of $1344 within just a couple of days.

 

BINANCE (BNB)

Current Price: $ 277.43 (24h Changes: 0.97 %)

Current Market Cap: $ 45,259,271,670 (24h Changes: 0.99 %)

Positive News

7 Cryptos to Watch as the Fed Deliberates Its Next Move

Source: Investorplace

Date: Tue, 10 Jan 2023 11:15:58

While the new year has so far produced positive results for cryptos, investors need to be extremely vigilant about what may lie ahead.

3 Cryptocurrencies Worth Buying Before the Crypto Winter Thaws

Source: Investorplace

Date: Tue, 10 Jan 2023 11:15:29

Those concerned about crypto winter have reason to be, but these three top cryptos are certainly worth a look for the long term.

This altcoin and Binance Coin are ready to explode in price – This is how you profit

Source: CryptoNewsFlash

Date: Tue, 10 Jan 2023 09:50:43

Since the beginning of 2023, the Cardano (ADA) price has jumped by 30 percent amid strong accumulation by the whales.

Neutral News

BNB Price Gearing For Another Lift-Off to $300: Rally Isn't Over Yet

Source: NewsBTC

Date: Tue, 10 Jan 2023 00:18:08

BNB price (Binance coin) found support near $240 against the US Dollar. BNB rallied above $260 and might aim more upsides towards the $300 level.

 

CARDANO (ADA)

Current Price: $ 0.32 (24h Changes: 3.05 %)

Current Market Cap: $ 11,361,199,605 (24h Changes: 2.6 %)

Positive News

Cardano Founder Shares His Thought On Upcoming Improvements On The Platform

Source: Bitcoinist

Date: Tue, 10 Jan 2023 14:30:04

ADA price is recovering after hovering around $0.25 for one month. The Cardano's native token has fired up with a nearly 30% price surge since the advent of the New Year.

Cardano's 30% Recovery In A Week Has ADA Whales Back In Accumulation Mode

Source: Zycrypto

Date: Tue, 10 Jan 2023 14:26:59

Cardano (ADA), the 8th most valuable cryptocurrency by market capitalization, experienced a colossal price spike in the first week of January 2023.

This altcoin and Binance Coin are ready to explode in price – This is how you profit

Source: CryptoNewsFlash

Date: Tue, 10 Jan 2023 09:50:43

Since the beginning of 2023, the Cardano (ADA) price has jumped by 30 percent amid strong accumulation by the whales.

Negative News

Cardano price analysis: ADA drops to $0.3151 lows as strong bearish momentum develops

Source: Cryptopolitan

Date: Tue, 10 Jan 2023 02:22:29

Cardano price analysis shows a downward trend as the market slide below the $ 0.3151 level. The ADA coin has been trading in the narrow range of $0.315 to $0.3151 since the beginning of today and is yet to break out of the range.

 

RIPPLE (XRP)

Current Price: $ 0.35 (24h Changes: 0.38 %)

Current Market Cap: $ 17,906,116,908 (24h Changes: -0.04 %)

Positive News

7 Cryptos to Watch as the Fed Deliberates Its Next Move

Source: Investorplace

Date: Tue, 10 Jan 2023 11:15:58

While the new year has so far produced positive results for cryptos, investors need to be extremely vigilant about what may lie ahead.

Flare Network's long awaited airdrop goes live- Ripple's XRP holders benefit

Source: CryptoNewsFlash

Date: Tue, 10 Jan 2023 10:14:05

Layer 1 EVM-compatible oracle network Flare Network completes its first token distribution event.  The event is a significant milestone for the network which has suffered a more than two-year delay due to Ripple's legal troubles.

Ripple Finds Support Above $0.34 And Continues To Move Within The Trading Range

Source: Coin Idol

Date: Tue, 10 Jan 2023 06:46:00

Ripple (XRP) has maintained its price pattern below the moving average lines as buyers continue to defend the current support.

Neutral News

$XRP Holders Start Receiving Flare ($FLR) Token Airdrop Two Years After Network Snapshot

Source: CryptoGlobe

Date: Tue, 10 Jan 2023 12:40:00

Those holding $XRP back on December 12, 2020, have finally started receiving their Flare ($FLR) token airdrop, with 15% of the cryptocurrency's total supply now being sent to holders at the time of the snapshot, and the rest set to be distributed over the next three years.

Flare (FLR) Token Airdrop Distribution to XRP Holders Completed by Binance: Details

Source: UToday

Date: Tue, 10 Jan 2023 10:35:00

Flare (FLR) tokens were distributed to eligible users

Ripple wants the Hinman documents made public

Source: Crypto news

Date: Tue, 10 Jan 2023 06:37:35

The Ripple vs. SEC lawsuit is nearing the much-anticipated summary judgment.

Negative News

Calm Before the Storm? XRP Consolidates Below Critical Level (Ripple Price Analysis)

Source: CryptoPotato

Date: Tue, 10 Jan 2023 09:42:45

Ripple's price has been ranging in a tight area over the past few weeks as the markets are heading into 2023. This might as well be a signal that the price is about to experience an outburst of volatility, as periods of prolonged calmness in the market are typically a precursor to that.

Why XRP Price is Failing to Reach $0.4- Have the Investors Abandoned 6th Cryptocurrency?

Source: CoinPedia

Date: Tue, 10 Jan 2023 08:59:46

The markets have been notably bullish as the star crypto Bitcoin made a move beyond $17,000 after undergoing a squeezed trend below these levels for a long time. The bullish trend uplifted most of the popular altcoins beyond their respective resistance levels. Ethereum price raised beyond $1300, Cardano price surged above $0.

Ripple Losing Legal Battle Would Damage XRPL Ecosystem, Why?

Source: UToday

Date: Tue, 10 Jan 2023 06:45:00

Here's why outcome of Ripple/SEC battle is of paramount importance for dozens of tokens.

 

SOLANA (SOL)

Current Price: $ 16.42 (24h Changes: 0.84 %)

Current Market Cap: $ 6,071,937,311 (24h Changes: 1.39 %)

Positive News

Solana's Excellent Start of the Year is Coming to an End, SOL Price Might Drop To $12 Soon?

Source: CoinPedia

Date: Tue, 10 Jan 2023 12:04:41

The traders who experienced unrealized losses owing to the FTX collapse were charged up by the most recent Solana price rally. Since the FTX-related liquidity problem in November, the price of the Ethereum competitor has been steadily declining.

7 Cryptos to Watch as the Fed Deliberates Its Next Move

Source: Investorplace

Date: Tue, 10 Jan 2023 11:15:58

While the new year has so far produced positive results for cryptos, investors need to be extremely vigilant about what may lie ahead.

Solana Price Shows it is back From the Dead - Can the Resurrection Push Coin 2x to $30?

Source: Cryptonews

Date: Tue, 10 Jan 2023 10:32:00

Recent developments on the Solana blockchain network have led to increased activity among developers, which is being seen as a positive sign for the cryptocurrency--leading Solana's price to skyrocket in recent days. According to data from crypto aggregator Lunar Crush, social mentions of the dubbed "Ethereum Killer" altcoin spiked in January 2023, indicating growing popularity in the crypto community.

Neutral News

Solana Moves On From FTX Calamity, Sparkles 46% In Last 7 Days

Source: NewsBTC

Date: Tue, 10 Jan 2023 04:25:47

Solana (SOL) has been included in the top cryptocurrencies to watch out for this week of finance and crypto-focused site Investopedia. This no longer comes as a surprise considering that at one point during the last seven days, the digital asset, which was pulled all the way down to $9 towards the end of December, managed to increase its value by 46%.

Negative News

Trader Who Nailed 2018 Bitcoin Bottom Issues Alert to Solana Holders, Says SOL Flashing Clear Bearish Signs

Source: The Daily Hodl

Date: Tue, 10 Jan 2023 10:30:36

The crypto analyst who correctly called Bitcoin's (BTC) 2018 bear market bottom says that Solana (SOL) could be setting up for a significant retracement. Pseudonymous analyst Smart Contracter tells his 217,900 Twitter followers that Solana's strong start to the year has likely reached its conclusion.

Solana price analysis: SOL retraces to $16.18 as bears intervene

Source: Cryptopolitan

Date: Tue, 10 Jan 2023 10:20:34

Solana price analysis shows bearish price movement today. A decrease in price has been observed as the coin failed to get support, and bears continue their endeavor for the most of hours today.

 

AVALANCHE (AVAX)

Current Price: $ 12.75 (24h Changes: 4.51 %)

Current Market Cap: $ 3,982,474,074 (24h Changes: 4.11 %)

Positive News

6 EXCEPTIONAL Altcoins For The CRYPTO BULL RUN!

Source: Altcoin Buzz

Date: Tue, 10 Jan 2023 06:39:36

Hey, happy new year. It feels good to leave all the memories of the bear market in 2022 and look forward to a fresh start this year.

 

NEAR (NEAR)

Current Price: $ 1.65 (24h Changes: 0.07 %)

Current Market Cap: $ 1,396,220,822 (24h Changes: -0.37 %)

Positive News

The Real Reason We'll See a Crypto Boom in 2023

Source: Investorplace

Date: Tue, 10 Jan 2023 07:00:42

BTC is down 80%, 60 weeks in, 15 months away from a halving. This is normally when a crypto bust becomes a crypto boom.

 

COSMOS (ATOM)

Current Price: $ 11.28 (24h Changes: 2.21 %)

Current Market Cap: $ 3,306,016,428 (24h Changes: 2.37 %)

Neutral News

Cosmos EUR stablecoin project to unwind after 2 years

Source: Cointelegraph

Date: Tue, 10 Jan 2023 11:15:00

"The lack of real-world applications for blockchain has led to low demand for non-USD stablecoins," e-Money wrote.

Cosmos-based e-Money discontinues euro-backed stablecoin

Source: The Block

Date: Tue, 10 Jan 2023 06:04:04

E-Money is unwinding its euro-backed stablecoin EEUR because of current crypto market conditions, which are fairly dire. The post Cosmos-based e-Money discontinues euro-backed stablecoin appeared first on The Block.

 

POLKADOT (DOT)

Current Price: $ 4.95 (24h Changes: 1.2 %)

Current Market Cap: $ 5,901,738,264 (24h Changes: 0.77 %)

Positive News

Polkadot's Q4 Report Highlights Web3's Accelerated Growth & Innovation

Source: CryptoGlobe

Date: Tue, 10 Jan 2023 10:50:00

The Polkadot ($DOT) network says it ended 2022 on a high, reporting multiple key developments that took place in the fourth quarter as well as strong developer momentum.

Polkadot Gathers Momentum With A Strong Finish To 2022

Source: Crypto Daily

Date: Tue, 10 Jan 2023 06:00:00

The multichain blockchain ecosystem Polkadot has once again shown why it's one of the most exciting projects in the crypto space, racking up a string of impressive achievements over the final few months of 2022.  In its fourth quarter ecosystem report, Polkadot lists a number of significant milestones it has achieved, including the launch of so-called “nomination pools” that all but eliminate the barrier to entry for native staking.

Negative News

Despite A Relief Rally Polkadot Struggles Under $5, What's Next?

Source: NewsBTC

Date: Tue, 10 Jan 2023 13:03:13

The Polkadot price posted significant gains over the last week after Bitcoin showed recovery on its chart. Other altcoins have also moved in the same direction.

Polkadot price analysis: Bears take control as prices retrace from highs of $5.06

Source: Cryptopolitan

Date: Tue, 10 Jan 2023 09:27:09

Polkadot price analysis indicates that the bears have taken control of the market, with prices retracing from highs at $5.06 to current levels of $4.89. The bearish pressure appears to have been triggered by an increase in selling pressure, which has pushed prices lower.

 

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


What Happens To Crypto Today?
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