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What Happens To L1 Tokens Today? (16 Feb 2023, Thursday)


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BITCOIN (BTC)

Current Price:  $ 24,285 (24h Changes: 9.34 % )

Current Market Cap:  $ 468,242,670,517 (24h Changes: 9.39 % )


BTC-Positive News

1. Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Gains Following US Inflation Report
Source:  Bitcoin
Date:  Wed, 15 Feb 2023 09:00:02

Bitcoin traded above $22,000 on Feb. 15, as markets continue to react to the latest U.S. inflation report. The consumer price index rose 0.5% in January, following a gain of 0.1% the month prior. Overall, the annual rate of inflation came in at 6.4%, which, although lower than December's sum of 6.

2. Bitcoin Rises Above This Key Level; ImmutableX Among Top Gainers
Source:  Benzinga
Date:  Wed, 15 Feb 2023 10:04:29

Bitcoin (CRYPTO: BTC) traded higher, surging past the key $22,000 level on Wednesday. Ethereum (CRYPTO: ETH) also recorded gains, trading above the $1,500 mark this morning.

3. Bitcoin Above $22K 'Remarkable' Sign of Resilience: ProChain Capital President
Source:  Coindesk
Date:  Wed, 15 Feb 2023 14:00:26

Bitcoin (BTC) remains above $22,000 despite increased regulatory pressure on the industry after Kraken's $30 million SEC settlement and Paxos receiving a Wells Notice. ProChain Capital President David D.


BTC-Neutral News

1. Crypto Long & Short: Sorting Out Bitcoin's P/E Ratio
Source:  Coindesk
Date:  Wed, 15 Feb 2023 11:45:00

This week, Glenn Williams Jr. taps his equity research analyst background – the land of price-to-earnings ratios and other valuation techniques – to sort out whether bitcoin is under- or overvalued. Then, Jennifer Murphy, the CEO of Runa Digital Assets, puts digital assets into very broad historical context (the year 1771 gets a mention) and explains how just a few winners tend to drive markets over the long-haul.

2. Crypto Long & Short: Bitcoin's 'Golden Cross' Explained
Source:  Coindesk
Date:  Wed, 15 Feb 2023 12:11:58

This much talked about technical indicator has value, yet doesn't tell the whole story.

3. Bored Ape (BAYC) Holder Tries Out Bitcoin NFTs, Burns BAYC 1626 in the Process
Source:  Dailycoin
Date:  Wed, 15 Feb 2023 12:15:30

As symbolic as it may be, GoingParabolic's experiment has spotlighted many issues in the NFT space.


BTC-Negative News

1. ECB Advises Banks Comply With Conservative Cap on Bitcoin Exposure
Source:  Decrypt
Date:  Wed, 15 Feb 2023 09:03:11

Crypto assets like Bitcoin pose high risks and as such should be subject to limits on holdings, according to the ECB.

2. Police Seized Nearly $500,000 in BTC From Andrew and Tristan Tate
Source:  CoinMarketCap
Date:  Wed, 15 Feb 2023 13:08:27

The Instagram influencer, kickboxer, misogynist and alleged human trafficker has already had about $4 million in luxury cars, watches, homes and cash seized by Romanian authorities.

ETHEREUM (ETH)

Current Price:  $ 1,669.62 (24h Changes: 7.23 % )

Current Market Cap:  $ 201,114,085,368 (24h Changes: 7.35 % )


ETH-Positive News

1. Bitcoin, Ethereum Technical Analysis: BTC, ETH Extend Gains Following US Inflation Report
Source:  Bitcoin
Date:  Wed, 15 Feb 2023 09:00:02

Bitcoin traded above $22,000 on Feb. 15, as markets continue to react to the latest U.S. inflation report. The consumer price index rose 0.5% in January, following a gain of 0.1% the month prior. Overall, the annual rate of inflation came in at 6.4%, which, although lower than December's sum of 6.

2. Polygon Co-founder Confirms Date for Ethereum Scaling Solution Mainnet Launch
Source:  UToday
Date:  Wed, 15 Feb 2023 07:33:00

"It's official: The Polygon zkEVM mainnet will be launched on March 27. After more than a year of intense and inspiring research, development, and testing, we are incredibly proud to launch the first ever zkEVM mainnet," Bjelic stated.

3. Arbitrum Surges Ahead as Ethereum's Layer 2 Landscape Takes Shape
Source:  Coindesk
Date:  Wed, 15 Feb 2023 07:00:00

Layer 2 rollups now see more transaction volume than Ethereum's main network.


ETH-Neutral News

1. Largest Ethereum Staker Warns of Consequences of SEC Regulation After ‘Dissapointing' Enforcement Action: Report
Source:  The Daily Hodl
Date:  Wed, 15 Feb 2023 07:45:04

An executive at the largest Ethereum (ETH) staking service is reportedly outlining the possible consequences of upcoming US regulatory decisions on the heels of recent crackdowns on the crypto industry. Jacob Blish, the head of business development and partnerships at Lido DAO (LDO), tells Bloomberg in a new interview that the U.S.

2. Lido DAO (LDO) Proposes Selling or Staking Its $30M in ETH Ahead of Staking Withdrawals
Source:  Dailycoin
Date:  Wed, 15 Feb 2023 09:00:26

Lido DAO is trying to decide whether to sell or stake the 20,304 ETH it holds in its treasury.

3. Coinbase: Ether Selling Pressure Should Be Fairly Limited Around the Shanghai Fork Upgrade
Source:  Coindesk
Date:  Wed, 15 Feb 2023 05:33:22

The amount of potential selling pressure around Ethereum's planned upgrade has been complicated by Kraken's decision to wind down its U.S. staking business, the report said.

BINANCECOIN (BNB)

Current Price:  $ 315.7 (24h Changes: 6.61 % )

Current Market Cap:  $ 49,846,163,661 (24h Changes: 6.52 % )


BNB-Positive News

1. Push Protocol Launches on BNB Chain
Source:  Altcoin Buzz
Date:  Wed, 15 Feb 2023 08:51:25

The Web3 communications platform, Push Protocol, has announced its launch on the BNB Chain to expand its offering to a broader network. The BNB Chain is no doubt the biggest blockchain for smart contracts, and Push Protocol's arrival showcases its ambition.

2. Crypto Wallet Messaging Application Push Protocol Expands to BNB Chain
Source:  Coindesk
Date:  Wed, 15 Feb 2023 06:22:02

The move to BNB Chain could attract more users to Push, its founder said.


BNB-Neutral News

1. Investors Who Trade MATIC SOL ETH BNB Make Profits Others Keep Waiting
Source:  The Currency Analytics
Date:  Wed, 15 Feb 2023 10:49:58

Catch up on the latest crypto market news at The Currency Analytics. Investing in cryptocurrency is an effective way to put your money to work and to potentially build wealth.

2. Push Protocol on Binance's BNB Chain coming soon
Source:  The Cryptonomist
Date:  Wed, 15 Feb 2023 06:17:06

Theoretically BSC is a decentralized blockchain, but in practice it is controlled by a small group of validators over which Binance has enormous influence.


BNB-Negative News

1. 3 reasons why Binance's BNB token risks sliding further by March
Source:  Cointelegraph
Date:  Wed, 15 Feb 2023 07:02:07

A slew of technical, fundamental, and on-chain indicators hint at more pain for BNB price in February.

CARDANO (ADA)

Current Price:  $ 0.4 (24h Changes: 4.33 % )

Current Market Cap:  $ 14,148,027,434 (24h Changes: 4.52 % )


ADA-Positive News

1. Cardano, Dogecoin Lead Recovery as Crypto Market Recoups $44B
Source:  Decrypt
Date:  Wed, 15 Feb 2023 08:16:03

As the wider market digests the latest CPI report, crypto markets have been energized by Cardano upgrades and Dogecoin memes.

2. Cardano Gets 'Valentine' Upgrade. Here's How it Benefits ADA Token
Source:  Coindesk
Date:  Wed, 15 Feb 2023 02:49:15

The ‘Valentine' upgrade was pushed live on the mainnet in early Asian hours on Wednesday. Native ADA tokens outperformed crypto majors.

3. Cardano Gets ‘Valentine' Upgrade. Here's How it Benefits ADA Token
Source:  Bitcoinworld
Date:  Wed, 15 Feb 2023 06:45:29

In the wee hours of Wednesday in Asia, the “Valentine” upgrade was launched on the mainnet. Crypto majors underperformed native ADA tokens.Early on Wednesday morning in Asia, a change to the Cardano blockchain's security and interoperability features was made live.


ADA-Neutral News

1. This Is Why the SEC May Never Sue Cardano for Being a Security
Source:  CoinPedia
Date:  Wed, 15 Feb 2023 06:44:53

Cardano is among the projects with robust fundamentals and a fine price trajectory. The native token ADA also follows a calculated approach, letting the bears have complete control over it. Besides, the growing crypto adoption has even attracted the authorities, who have kept a close watch and screwed the platforms accordingly.

2. Cardano Founder's Interesting Comment on Crypto Crackdown Shared by Charles Gasparino
Source:  UToday
Date:  Wed, 15 Feb 2023 08:52:00

In a tweet, Fox Business Senior Correspondent Charles Gasparino touched on Cardano founder Charles Hoskinson's comment to Eleanor Terrett regarding the crypto crackdown.

3. Will Cardano (ADA) Be Deemed Security? Expert Answers
Source:  UToday
Date:  Wed, 15 Feb 2023 12:00:00

Seasoned crypto expert, influencer and investor Dan Gambardello of Crypto Capital Venture explains why the U.S. SEC is highly unlikely to label Cardano (ADA) as a security.


ADA-Negative News

1. Crypto Market Analysis: SOL Stuck Within Range While MATIC & DOGE Spike as ADA Roars
Source:  CoinPedia
Date:  Wed, 15 Feb 2023 03:31:18

The global crypto volume has spiked in the past 24 hours following the fresh CPI that was higher than the expectation. The BTC price jump was restricted below $22,200 and the following sideway trend enabled the other altcoins to intensify their trend.

RIPPLE (XRP)

Current Price:  $ 0.4 (24h Changes: 5.59 % )

Current Market Cap:  $ 20,367,983,014 (24h Changes: 5.52 % )


XRP-Positive News

1. Ripple Pledges Up to $1M in XRP to Turkey's Earthquake Relief Efforts
Source:  BeInCrypto
Date:  Wed, 15 Feb 2023 01:32:50

Fintech firm Ripple has pledged $1 million in XRP. The funds will go towards organizations providing relief for earthquake victims in Turkey.

2. XRP Jumps 5% on This Positive News: Details
Source:  UToday
Date:  Wed, 15 Feb 2023 11:45:00

XRP jumped over 5% to trade at $0.387 at the time of writing. In the last 24 hours, XRP was among the top 10 purchased tokens among the 100 biggest BSC whales, per WhaleStats data.

3. Pro-Ripple Lawyer Says XRP Haters Will Start Praying Ripple Beats SEC
Source:  UToday
Date:  Wed, 15 Feb 2023 10:41:00

Web3 lawyer Jesse Hynes has taken to Twitter to show his support for the Ripple fintech giant in its legal war against the U.S. securities regulator.


XRP-Neutral News

1. XRP Price Prediction as Community Urges Coinbase to Relist Token – $3 XRP Incoming?
Source:  Cryptonews
Date:  Wed, 15 Feb 2023 04:58:00

The XRP price has gained by 3.5% in the past 24 hours, rising to $0.382995 as the cryptocurrency market recovers from its weekend losses. Its current price represents a 5% fall in a week and a very slight 0.4% dip in the last 30 days, as XRP continues to be undermined by the dragging on of Ripple's legal battle with the SEC.

2. XRP price prediction 2025-2030: How will its price react to SEC case aftermath?
Source:  Finbold
Date:  Wed, 15 Feb 2023 09:50:16

Investors are keeping a careful check on the price of XRP as the cryptocurrency world awaits the conclusion of the Ripple v. the US Securities Exchange Commission (SEC) lawsuit.

3. Web3 legal expert says Ripple has ‘three-year headstart' towards a resolution in SEC lawsuit
Source:  Finbold
Date:  Wed, 15 Feb 2023 05:06:38

The ongoing legal tussle between the United States Securities and Exchange Commission (SEC) and Ripple is touted to have a long-term effect on the future of the crypto industry.


XRP-Negative News

1. Top Crypto Lawyer Reveals the Biggest Danger to Ripple in SEC Lawsuit
Source:  CoinPedia
Date:  Wed, 15 Feb 2023 08:44:57

John Deaton, a prominent member of the cryptocurrency legal community and an advocate for XRP, has identified the primary risk that Ripple faces as a result of the SEC lawsuit.  This observation comes as the whole cryptocurrency world continues to follow the development of the Ripple-SEC case.

2. XRP Trades On The Verge Of A Bearish Rally! XRP Price To Witness A Sharp Collapse Near This Level
Source:  CoinPedia
Date:  Wed, 15 Feb 2023 00:59:04

The recent turmoil due to SEC's tightening scrutiny on crypto and bearish CPI data release has sent shockwaves to the altcoin market. XRP is no exception to this ongoing trend, as it faces sharp rejections near resistance levels.

3. SEC Cracking Down on Cryptos! Will XRP soon be history?
Source:  CryptoTicker
Date:  Wed, 15 Feb 2023 14:34:19

In the last few days, the SEC has already cracked down on Coinbase and the BUSD. Is the XRP coin next?

SOLANA (SOL)

Current Price:  $ 23.65 (24h Changes: 8.94 % )

Current Market Cap:  $ 8,884,349,686 (24h Changes: 9.2 % )


SOL-Positive News

1. Top Macro Expert Makes Bold Prediction About Solana (SOL); $1000 by the End of this Cycle
Source:  CoinPedia
Date:  Wed, 15 Feb 2023 08:03:13

As the price of Solana (SOL) remains relatively stable at $21, macroeconomics specialist and former Goldman Sachs executive Raoul Pal has issued a daring forecast for the cryptocurrency. As of the time of this publication, the price of Solana has gone up by 2.8% in the last twenty-four hours but has gone down by 8.

2. Zeta Markets Integrates Chainlink Price Feeds on Solana Mainnet to Secure Perpetuals Exchange
Source:  BlockchainReporter
Date:  Wed, 15 Feb 2023 09:00:12

Today, Zeta Markets has announced that they are leveraging Chainlink Price Feeds on Solana mainnet to help secure their exchange.


SOL-Neutral News

1. Is It Too Late to Buy Solana? Crypto Experts Give Their Solana Price Predictions
Source:  Cryptonews
Date:  Wed, 15 Feb 2023 06:33:00

Price action remains perilous for Solana (SOL) as bulls wrestle to get rally back on track.

2. Solana Vs Cardano: Which Crypto Shall You Choose For Investment In 2023 And Why?
Source:  Coingape
Date:  Wed, 15 Feb 2023 07:00:36

Solana vs Cardano: In the past few years, crypto trading has gained tremendous popularity amongst mainstream investors. Altcoins like Cardano and Solana have been two of the best-performing projects over the past couple of years.

3. Investors Who Trade MATIC SOL ETH BNB Make Profits Others Keep Waiting
Source:  The Currency Analytics
Date:  Wed, 15 Feb 2023 10:49:58

Catch up on the latest crypto market news at The Currency Analytics. Investing in cryptocurrency is an effective way to put your money to work and to potentially build wealth.


SOL-Negative News

1. Crypto Market Analysis: SOL Stuck Within Range While MATIC & DOGE Spike as ADA Roars
Source:  CoinPedia
Date:  Wed, 15 Feb 2023 03:31:18

The global crypto volume has spiked in the past 24 hours following the fresh CPI that was higher than the expectation. The BTC price jump was restricted below $22,200 and the following sideway trend enabled the other altcoins to intensify their trend.

2. Solana price analysis: SOL price declines to $21 after turning bearish
Source:  Cryptopolitan
Date:  Wed, 15 Feb 2023 01:34:32

The most recent Solana price analysis shows a significant bearish trend as sellers predominated the market over the day. The price of the coin has once again fallen to $21.63, but when the price hit a low, support appeared, and the bulls are now aiming to drive the price levels up once more.

3. Solana Price To Take A Hit? Whales Make Big Movements
Source:  Coingape
Date:  Wed, 15 Feb 2023 07:03:18

Solana News: Solana (SOL) price managed to backtrack the recovery after witnessing heavy dumping in December end. Solana's price went on trade in the single digit at the time.

AVALANCHE (AVAX)

Current Price:  $ 19.69 (24h Changes: 8.62 % )

Current Market Cap:  $ 6,198,883,516 (24h Changes: 8.81 % )


AVAX-Positive News

1. Roblox earnings: ‘There's a lot to like here,' Ava Labs president says
Source:  Yahoo Finance
Date:  Wed, 15 Feb 2023 12:51:19

Ava Labs President John Wu joins Yahoo Finance Live to discuss Roblox earnings, daily active users, immersion in the metaverse, users participating in building games, and blockchain as a service.

2. 7 Comeback Cryptos to Buy Before They Soar Again
Source:  Investorplace
Date:  Wed, 15 Feb 2023 06:00:39

These seven comeback cryptos have favorable tailwinds that will make them soar once the market turns a corner.

COSMOS (ATOM)

Current Price:  $ 14.17 (24h Changes: 5.75 % )

Current Market Cap:  $ 4,143,439,339 (24h Changes: 5.77 % )


ATOM-Positive News

1. Cosmos Hub to undergo Rho network upgrade today
Source:  The Block
Date:  Wed, 15 Feb 2023 12:03:59

The Cosmos Hub is preparing for the anticipated Rho network upgrade — set to launch today at around 8 p.m. EST.

2. Cosmos ecosystem to launch interchain NFTs via $270K incentivized testnet
Source:  CryptoSlate
Date:  Wed, 15 Feb 2023 09:52:17

Interchain NFTs, powered by the ICS-721 update to the IBC protocol, will be the fourth publicly incentivized testnet for the Cosmos Hub as registration opened on February 15 with a 20,000 ATOM prize pool.


ATOM-Neutral News

1. Cosmos price outlook: Is ATOM a buy ahead of today's Rho upgrade?
Source:  Invezz
Date:  Wed, 15 Feb 2023 14:47:28

The Cosmos (ATOM/USD) price broke down from a rising channel this week as cryptocurrencies reacted to the regulatory crackdown on stablecoins, particularly orders against Paxos to cease issuing the Binance USD (BUSD) stablecoin.

POLKADOT (DOT)

Current Price:  $ 6.59 (24h Changes: 6.01 % )

Current Market Cap:  $ 7,930,467,338 (24h Changes: 5.94 % )


DOT-Positive News

1. Polkadot price analysis: Bullish pressure accelerates as DOT jumps to $6.33
Source:  Cryptopolitan
Date:  Wed, 15 Feb 2023 14:30:53

Polkadot price analysis for today shows a strong bullish trend set that has seen the DOT/USD price jump to $6.33 and consolidates well above the key support level of $6.17.

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


What Happens To Crypto Today?
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