What Happens To L1 Tokens Today? (13 Mar 2023, Tuesday)


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

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BITCOIN (BTC)

Current Price:  $ 22,287 (24h Changes: 9.31 % )

Current Market Cap:  $ 430,580,486,150 (24h Changes: 9.27 % )


BTC-Positive News

1. Bitcoin rises to over $21k, as shorts get squeezed out and returns to pre SVB price levels
Source:  CryptoSlate
Date:  Sun, 12 Mar 2023 15:11:16

Bitcoin made a high on March 12, to $21,500, as futures markets prepared to open in the next few hours.

2. USDC Recovers to $0.95, Bitcoin Reclaims the $20K Mark (Weekend Watch)
Source:  CryptoPotato
Date:  Sun, 12 Mar 2023 05:54:13

A stablecoin (USDC) is the best performer amid the top 10 cryptocurrencies by market cap for the past 24 hours.

3. If This Trend Continues, Bitcoin Could Grow for Years to Come
Source:  The Motley Fool
Date:  Sun, 12 Mar 2023 07:00:00

A new technology is proving that it might have what it takes to transform Bitcoin payments.


BTC-Neutral News

1. Cryptocurrencies to watch for the week of March 13, 2023
Source:  Finbold
Date:  Sun, 12 Mar 2023 09:42:25

The cryptocurrency market is facing renewed bearish sentiments due to the collapse of Silvergate Bank and the closure of Silicon Valley Bank, both of which had exposure to the crypto industry. These events have translated to uncertainty in the market, leaving many investors unsure about the future.

2. Lugano After One Year on its Bitcoin and Tether Standard
Source:  CryptoPotato
Date:  Sun, 12 Mar 2023 09:15:55

Tether explains what Lugano has done so far to expand Bitcoin and stablecoin adoption as a means of payment. 

3. USDC Volatility Lifts Bitcoin's Coinbase Premium to 3-Year High
Source:  Coindesk
Date:  Sun, 12 Mar 2023 14:32:44

Coinbase premium is usually taken to represent stronger buying pressure from stateside investors. But that's not the case this time.


BTC-Negative News

1. Silicon Valley Bank: Bitcoin investors in panic as market goes sideways
Source:  AMBCrypto
Date:  Sun, 12 Mar 2023 11:30:02

As the cryptocurrency market grapples with the uncertainty that lies ahead as banks resume operations on Monday, Bitcoin's [BTC] funding rates turned negative for the first time since the year began, data from CryptoQuant revealed.

2. Bitcoin (BTC) Price Prediction 2025-2030: Post-Silvergate, where can BTC go now?
Source:  AMBCrypto
Date:  Sun, 12 Mar 2023 08:32:05

With just twenty days remaining in March, the cryptocurrency markets are seeing increased volatility, with both bitcoin and Ethereum hitting two-month lows. One of the main causes behind this month's gloomy attitude, which has led to Bitcoin trading under $20,000, is the bankruptcy of Silvergate Bank.

3. Top Crypto Trader Issues Bitcoin Warning, Says BTC Flashing Vibes of March 2020 Meltdown
Source:  The Daily Hodl
Date:  Sun, 12 Mar 2023 04:04:35

A closely followed crypto trader is issuing an alert to Bitcoin (BTC) holders, saying that the king crypto's current market structure looks similar to its price action prior to a deep plunge about three years ago.

 

ETHEREUM (ETH)

Current Price:  $ 1,600.43 (24h Changes: 9.29 % )

Current Market Cap:  $ 193,053,899,622 (24h Changes: 9.1 % )


ETH-Positive News

1. Watch these 5 cryptocurrencies for a potential price rebound next week
Source:  Cointelegraph
Date:  Sun, 12 Mar 2023 12:01:09

Bitcoin is trying to sustain above $20,000 and if it succeeds, ETH, MATIC, TON, and OKB may witness a strong recovery.

2. Can Ethereum Reach $4,000 Again?
Source:  The Motley Fool
Date:  Sun, 12 Mar 2023 11:13:00

Up more than 25% in 2023, Ethereum has plenty of room to grow thanks to this new feature.

3. Investor Who Called Crypto Bottom Says Other Projects ‘Less Explosive' Than Ethereum (ETH) and Solana (SOL)
Source:  The Daily Hodl
Date:  Sun, 12 Mar 2023 07:45:23

An investor who correctly called the 2022 crypto bottom says that Ethereum (ETH) and Solana (SOL) are ahead of the curve when it comes to pulling in more users.


ETH-Neutral News

1. Here's Why Ethereum Is Not a Security, According to Crypto Think Tank Coin Center
Source:  The Daily Hodl
Date:  Sun, 12 Mar 2023 04:30:49

Crypto advocacy group Coin Center spelling out why it believes Ethereum (ETH) is not a security, despite claims to the contrary coming from New York Attorney General (NYAG) Letitia James.

2. Ethereum Price Analysis: ETH at Critical Support, Breakdown Can Quickly Lead to $1200
Source:  CryptoPotato
Date:  Sun, 12 Mar 2023 12:44:27

Despite the ongoing bearish sentiment among market participants following the recent turmoil of SVB bank and its effect on USDC, Ethereum's price has found substantial support amid the $1450 price range. The upcoming days will be crucial to see whether ETH can hold the critical level or continue its negative sentiment.

3. ETH Eyes Sub-$1,400 as Investors Await USD Coin and SVB Updates
Source:  FXEmpire
Date:  Sun, 12 Mar 2023 03:49:30

ETH tested resistance at $1,500 on Saturday. However, USD Coin and SVB updates will need to be crypto friendly to return the focus to the Shanghai upgade.


ETH-Negative News

1. Here is why Ethereum is likely to erase the gains it made since Friday
Source:  AMBCrypto
Date:  Sun, 12 Mar 2023 13:30:56

News that Voyager was liquidating its Ethereum holdings saw the bearish pressure intensify in the crypto market. On-chain analysis showed they were partly responsible for the sell-off seen in March.

2. ETH Price Prediction: Can the New Relief Rally Push Ethereum Coin above $1500?
Source:  Coingape
Date:  Sun, 12 Mar 2023 10:57:13

ETH Price Prediction: The increasing FUD in the crypto market has led the Ethereum coin to the formation of a megaphone pattern. In theory, this pattern formation itself is a sign of high volatility as the asset price shows increasing swing highs within the diverging trendlines.

 

BINANCECOIN (BNB)

Current Price:  $ 299.66 (24h Changes: 3.73 % )

Current Market Cap:  $ 45,313,324,424 (24h Changes: 8.2 % )


BNB-Neutral News

1. Binance Coin (BNB) Price Prediction 2025-2030: Is BNB really immune from Silvergate crisis?
Source:  AMBCrypto
Date:  Sun, 12 Mar 2023 08:53:43

Binance Coin, also known as BNB, was first launched in 2017 as part of Binance's initial coin offering (ICO). The goal of the ICO was to raise funds for the development of the Binance platform and exchange system, as well as for branding, marketing, and education for new innovators in the industry.

 

CARDANO (ADA)

Current Price:  $ 0.34 (24h Changes: 10.72 % )

Current Market Cap:  $ 11,850,875,171 (24h Changes: 10.5 % )


ADA-Positive News

1. Can Cardano Reach $1?
Source:  The Motley Fool
Date:  Sun, 12 Mar 2023 11:01:06

Here's how this smart contracts platform plans to climb back to the top and exceed its former all-time highs. Spoiler alert: It could take a while.

2. Cardano's Charles Hoskinson On Why Algorithmic Stablecoins Are Key to Resolving Constant Depegs
Source:  Zycrypto
Date:  Sun, 12 Mar 2023 12:39:53

Cardano network's founder Charles Hoskinson has expressed support for algorithmic stablecoins in the long run, noting that they are necessary to realize the original vision of Satoshi Nakamoto for Bitcoin fully.

3. Cardano (ADA) Price Prediction 2025-2030: The odds on ADA breaking past $0.
Source:  AMBCrypto
Date:  Sun, 12 Mar 2023 08:43:17

Cardano (ADA), like Bitcoin and much of the market, has shown signs of some southbound momentum on the back of recent market turmoil. Despite the market decline, however, whales are still aggressively purchasing the cryptocurrency, according to on-chain data.

 

RIPPLE (XRP)

Current Price:  $ 0.37 (24h Changes: 1.05 % )

Current Market Cap:  $ 18,762,039,771 (24h Changes: 0.98 % )


XRP-Neutral News

1. XRP Price Prediction for 2023: Can XRP reach 1$ still after such CRASH?
Source:  CryptoTicker
Date:  Sun, 12 Mar 2023 15:12:39

XRP did not lose as much as other cryptos. What is the XRP forecast for the next weeks?

2. Cryptocurrencies to watch for the week of March 13, 2023
Source:  Finbold
Date:  Sun, 12 Mar 2023 09:42:25

The cryptocurrency market is facing renewed bearish sentiments due to the collapse of Silvergate Bank and the closure of Silicon Valley Bank, both of which had exposure to the crypto industry. These events have translated to uncertainty in the market, leaving many investors unsure about the future.

3. Ripple (XRP) Price Prediction 2025-2030: Assessing if XRP will fly after the lawsuit
Source:  AMBCrypto
Date:  Sun, 12 Mar 2023 08:38:56

XRP is a cryptocurrency that was developed by Ripple Labs, a company that provides financial settlement and payment services to banks and other financial institutions. XRP is used by Ripple Labs as a means of facilitating cross-border payments and has gained significant adoption in the financial industry.


XRP-Negative News

1. Ripple CTO Says Silicon Valley Bank Was ‘Insolvent' Even Before the Bank Run Took Place
Source:  CryptoGlobe
Date:  Sun, 12 Mar 2023 07:44:35

Recently, David Schwartz, CTO at FinTech firm Ripple, explained why he believes that Silicon Valley Bank (SVB) — which was closed by Californian regulators last Friday (March 10) and under the control of the US Federal Deposit Insurance Corporation (FDIC) — was “insolvent” event before last week's bank run.

2. XRP Eyes Sub-$0.35 on US Banking Woes, USDC, and SEC v Ripple Silence
Source:  FXEmpire
Date:  Sun, 12 Mar 2023 01:30:07

XRP bucked a bullish market trend on Saturday. However, further losses could be on the cards as investors await rulings from the SEC v Ripple case.

 

SOLANA (SOL)

Current Price:  $ 19.57 (24h Changes: 9.64 % )

Current Market Cap:  $ 7,507,637,189 (24h Changes: 9.26 % )


SOL-Positive News

1. Solana price analysis: SOL market recovers at $17.50 after a bullish trend
Source:  Cryptopolitan
Date:  Sun, 12 Mar 2023 07:11:44

Solana price analysis for today shows a bullish trend after a period of a market correction. The bearish sentiment of the past couple of days has been reversed as the bulls are pushing for higher prices.

2. Investor Who Called Crypto Bottom Says Other Projects ‘Less Explosive' Than Ethereum (ETH) and Solana (SOL)
Source:  The Daily Hodl
Date:  Sun, 12 Mar 2023 07:45:23

An investor who correctly called the 2022 crypto bottom says that Ethereum (ETH) and Solana (SOL) are ahead of the curve when it comes to pulling in more users.

3. Is Solana the Next Square-Style Payment Platform?
Source:  The Motley Fool
Date:  Sun, 12 Mar 2023 05:45:00

Solana has all the tools to be a payment network to rival credit cards.


SOL-Negative News

1. Solana (SOL) Price Prediction 2025-2030: Is $30 in sights for the year 2023?
Source:  AMBCrypto
Date:  Sun, 12 Mar 2023 09:07:13

Last week, the price of Solana (SOL) started depreciating from well above the $23.50-level on the price charts. Soon enough, the market's bears pushed the crypto's price below the $22 support zone and sparked a bearish wave.

 

AVALANCHE (AVAX)

Current Price:  $ 16.02 (24h Changes: 11.49 % )

Current Market Cap:  $ 5,218,967,540 (24h Changes: 11.24 % )


AVAX-Positive News

1. Avalanche price analysis: AVAX rises at $14.48 following an entirely positive run
Source:  Cryptopolitan
Date:  Sun, 12 Mar 2023 12:18:45

Avalanche price analysis shows that the cryptocurrency is bullish today and is looking to break out of its current trading range. The digital asset has been in a range between $14.46 and $14.48 for the last 24 hours, but the recent surge suggests that it is ready to push higher.

 

POLKADOT (DOT)

Current Price:  $ 5.9 (24h Changes: 8.32 % )

Current Market Cap:  $ 7,152,938,309 (24h Changes: 7.86 % )


DOT-Positive News

1. Polkadot price analysis: DOT obtains positive momentum at $5.47 after a bullish run
Source:  Cryptopolitan
Date:  Sun, 12 Mar 2023 15:01:24

The most recent Polkadot price analysis shows that the cryptocurrency is gaining positive momentum, with DOT reaching $5.47 and seeing an impressive 2.15 percent increase over the past 24 hours. The price of DOT has been relatively low since late February,  but the recent surge indicates that investors are becoming more optimistic about its prospects.


DOT-Negative News

1. Polkadot (DOT) Price Prediction 2025-2030: DOT's price action sees more misery
Source:  AMBCrypto
Date:  Sun, 12 Mar 2023 09:10:22

The price action of Polkadot (DOT) has been on a bearish trajectory for the last two weeks. This, despite Polkadot's strong development activity.

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


What Happens To Crypto Today?
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