What Happens To L1 Tokens Today? (26 Jan 2023, Thursday)


"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: $ 22,867 (24h Changes: -0.75 %)

Current Market Cap: $ 440,002,682,966 (24h Changes: -0.58 %)

Positive News

Mt Pelerin Crypto Exchange Adds Support For Bitcoin Lightning Network

Source: Bitcoin Magazine

Date: Wed, 25 Jan 2023 14:15:28

The Swiss cryptocurrency exchange will now allow deposits and withdrawals through the Lightning Network.

₿REAKING: The Bitcoin Network processed more transaction value than Visa and Mastercard last year

Source: CryptoNewsFlash

Date: Wed, 25 Jan 2023 13:55:42

Despite several market headwinds, the Bitcoin blockchain processed over $8.2 trillion last year which is $260,000 every second.

Bitcoin Dominance Up 9% in 2 Weeks

Source: Blockworks

Date: Wed, 25 Jan 2023 13:53:41

The ETH/BTC trading pair has, by contrast, declined around 7% in the past week

Neutral News

Bitcoin Accumulation And Distribution: Which Cohort Is Taking Part In What

Source: Bitcoinist

Date: Wed, 25 Jan 2023 14:00:18

On-chain analytic firm Glassnode has broken down which Bitcoin cohorts have been accumulating and which have been distributed during the past year.

Brazil and Argentina to Discuss Possible Common Currency, Coinbase CEO Suggests Move to Bitcoin

Source: Coindesk

Date: Wed, 25 Jan 2023 13:15:12

As officials from Brazil and Argentina are considering the development of a potential common currency, Coinbase CEO Brian Armstrong suggested on Twitter, "if they would consider moving to Bitcoin," adding that would "probably be the right long term bet." "The Hash" hosts discuss the potential currency plan and the prospects of integrating crypto.

$1.48B in Bitcoin options expire on Friday — Will BTC hold $22K?

Source: Cointelegraph

Date: Wed, 25 Jan 2023 13:09:05

BTC price has started to correct, and with $1.48 billion in Bitcoin options expiring on Jan. 27, traders are watching to see if the price holds above $22,000.

Negative News

Why is Bitcoin price down today?

Source: Cointelegraph

Date: Wed, 25 Jan 2023 14:23:45

Bitcoin price is down today after reaching a 2023 high above $23,300. Was the rally a bull trap and what will it take for BTC to regain its bullish momentum?

Bitcoin price analysis: BTC/USD faces breaks down at $22,628 as bears take over

Source: Cryptopolitan

Date: Wed, 25 Jan 2023 14:15:54

The most recent Bitcoin price analysis shows a bearish trend for the cryptocurrency as it underwent devaluation in the last 24 hours. After a brief increase in its price which saw it reach as high as $23,048, BTC/USD failed to sustain the bullish momentum and has been on a steady downward slope since.

“SEC's Shallow Approach Is Limiting BTC” Grayscale CEO Takes A Swipe At US Regulators

Source: Zycrypto

Date: Wed, 25 Jan 2023 11:46:09

Grayscale Investments CEO Michael Sonnenshein joins the bandwagon of industry players to call out the U.S. Securities and Exchange Commission (SEC) over its regulatory practices in the sector.

 

ETHEREUM (ETH)

Current Price: $ 1,577.46 (24h Changes: -2.62 %)

Current Market Cap: $ 190,337,277,607 (24h Changes: -2.56 %)

Positive News

Top Trader Reveals Price Targets for Ethereum, XRP and Aptos, Updates Stance on One Additional Altcoin

Source: The Daily Hodl

Date: Wed, 25 Jan 2023 14:05:24

A popular crypto trader is setting price targets for Ethereum (ETH), XRP and Aptos (APT), while updating his position on another altcoin. Pseudonymous trader Altcoin Sherpa tells his 189,700 Twitter followers that leading smart contract platform Ethereum is testing a key support level at around $1,500 and on track for another 31% rally.

Crypto Curious? Top 3 Tokens for a Beginner's Digital Asset Portfolio

Source: The Motley Fool

Date: Wed, 25 Jan 2023 10:13:00

Why dive right into the deep and complicated end of the crypto market? These three popular and well-known cryptocurrencies are easy to use and understand.

Lido Team Provides Design For Staked Ether Withdrawals

Source: Coincu

Date: Wed, 25 Jan 2023 10:05:31

Key Points: The Lido team put up ideas for how the protocol should handle ether withdrawals when Ethereum's forthcoming Shanghai upgrade has been turned on. The Lido team put forward its designs to the Lido DAO, the project's form of governance, via a post on the community's forum.

Neutral News

Will Ethereum Take a Dip Amid the Rising FUD? Here's what Experts are Saying

Source: CoinPedia

Date: Wed, 25 Jan 2023 09:25:32

On January 20, the price of Ethereum recovered above $1,600, wiping out its losses from the collapse of the FTX exchange. However, after reaching a recent high of $1,638, the price crashed to $1,527. The large profit-taking transaction ratio increased on January 20 according to experts at Santiment.

The Money in Ethereum's Middleware: Can Flashbots Still Call Itself a 'Public Good'?

Source: Coindesk

Date: Wed, 25 Jan 2023 07:30:00

Should a “public good” have a $1 billion valuation? Valid Points is CoinDesk's weekly newsletter breaking down Ethereum's evolution and its impact on crypto markets.

Banks are allowed to hold this exposure in Bitcoin and Ethereum with new law – Report

Source: CryptoNewsFlash

Date: Wed, 25 Jan 2023 06:24:17

In a statement regarding the new development, a spokesperson for the AFME, Caroline Liesegang, said the Parliament, Commission, and Council should provide a clear definition of what can be considered as crypto assets.

Negative News

Ethereum price analysis: Bearish swing results in a massive fall up to $1,550 level

Source: Cryptopolitan

Date: Wed, 25 Jan 2023 14:31:46

Ethereum price analysis is dictating a sudden decrease in price after an already rising bearish trend. The bearish momentum that is increasing is likely to be seen in the near future, as the bulls remain sluggish at this point.

Here's What Might Have Triggered Ethereum's Decline Below $1,600

Source: NewsBTC

Date: Wed, 25 Jan 2023 12:00:14

After what has been two weeks of an incredible rally for the price of Ethereum, the digital asset seems to be running out of steam. ETH's price has now declined once more below $1,600 after a sharp downturn on Tuesday.

Why Ethereum, Shiba Inu, and Dogecoin Are Taking a Breather Today

Source: The Motley Fool

Date: Wed, 25 Jan 2023 11:15:06

Cryptocurrencies cooled off today after a good start to 2023.

 

BINANCE (BNB)

Current Price: $ 303.86 (24h Changes: -2.15 %)

Current Market Cap: $ 40,991,236,133 (24h Changes: -2.02 %)

Positive News

BNB Chain Partners with GAIMIN to Accelerate the Growth of Web3 Esports

Source: Dailycoin

Date: Wed, 25 Jan 2023 12:00:02

By working with BNB Chain, GAIMIN aims to serve as a base layer for Web3 games.

Negative News

Binance Says It Made a Mistake. It's Time to Stop Believing Crypto Companies.

Source: Investorplace

Date: Wed, 25 Jan 2023 13:22:27

Binance was storing user funds and reserves in the same wallet. It calls the news a simple mistake, but skepticism is warranted.

BNB steady after a 7% plunge – bulls must now handle this fresh hurdle 

Source: AMBCrypto

Date: Wed, 25 Jan 2023 11:30:33

Bitcoin [BTC] dropped from $23k to below $22.5k on Tuesday, pulling the altcoin market into a short-term plunge. Binance Coin [BNB] declined by 9% in the same period, dropping from $323 to $293.

 

CARDANO (ADA)

Current Price: $ 0.36 (24h Changes: -3.92 %)

Current Market Cap: $ 12,751,761,892 (24h Changes: -3.86 %)

Positive News

New Cardano (ADA) Stablecoin Launch Revealed – Here's When Djed Comes Out

Source: The Daily Hodl

Date: Wed, 25 Jan 2023 14:41:45

The developers of Cardano's (ADA) new stablecoin have revealed when the dollar-pegged crypto asset is slated to launch. In a new blog post, payments firm COTI says that Djed, Cardano's new stablecoin, is scheduled to launch sometime next week.

Cardano's Aggressive Development Activity Will Withstand Bear Assault At $0.3?

Source: NewsBTC

Date: Wed, 25 Jan 2023 13:00:11

The crypto market's rally is losing strength, forcing significant cryptocurrencies, such as Bitcoin, Ethereum, and Cardano, back to their support regions. The latter has been deploying products and development that hint at a longer bullish trend.

World's first Cardano (ADA)-Based Electric Vehicle to Debut Soon, Polkadot (DOT) Investors Still in a State of Frenzy Despite Recent Price Highs, Snowfall Protocol (SNW) to launch at $0.22

Source: Dailycoin

Date: Wed, 25 Jan 2023 12:00:44

Continue reading World's first Cardano (ADA)-Based Electric Vehicle to Debut Soon, Polkadot (DOT) Investors Still in a State of Frenzy Despite Recent Price Highs, Snowfall Protocol (SNW) to launch at $0.22 at DailyCoin.com.

Neutral News

Analyzing Cardano's potential for price correction amid Djed stablecoin launch

Source: AMBCrypto

Date: Wed, 25 Jan 2023 13:30:28

Cardano's [ADA] native over-collateralized stablecoin, Djed will be launched “next week,” as per a 24 January blog post published by COTI, the layer-1 scalable enterprise network powering the coin.

Cardano Founder Addresses Momentary “Blip” of Cardano Nodes

Source: Dailycoin

Date: Wed, 25 Jan 2023 10:05:24

In his regular video update, Charles Hoskinson addressed the node outage and its key takeaways.

$ADA: IOG Gives an Update on ‘The Health of the Cardano Ecosystem'

Source: CryptoGlobe

Date: Wed, 25 Jan 2023 07:51:00

Recently, Input Output Global (“IOG), the blockchain technology firm responsible for the development of Cardano ($ADA), provided some interesting information about Cardano's exciting ecosystem. IOG started by saying that “Cardano projects are increasing” and that “Cardano has become more interoperable.” One example they cited is Milkomeda, which “delivers EVM compatibility to Cardano.

Negative News

Why Are Investors Taking Profits in Cardano, Polkadot, and The Sandbox Today?

Source: The Motley Fool

Date: Wed, 25 Jan 2023 13:16:55

These large-cap tokens are giving back some of the gains they've accrued so far this month.

Cardano price analysis: ADA heads down to $0.3555 as price takes a downturn

Source: Cryptopolitan

Date: Wed, 25 Jan 2023 11:14:00

Cardano price analysis has been bearish as the cryptocurrency has fallen below a key support level. The digital asset is currently trading at $0.3555 and is down by 5.15 percent in the last 24 hours.

Dogecoin, Cardano Lead Crypto Dip as Market Sheds $27B Overnight

Source: Decrypt

Date: Wed, 25 Jan 2023 06:39:30

Despite the hefty losses across the board, cryptocurrencies like Dogecoin and Cardano have enjoyed a heady start to the new year.

 

RIPPLE (XRP)

Current Price: $ 0.41 (24h Changes: -2.25 %)

Current Market Cap: $ 21,006,795,063 (24h Changes: -2.05 %)

Positive News

Top Trader Reveals Price Targets for Ethereum, XRP and Aptos, Updates Stance on One Additional Altcoin

Source: The Daily Hodl

Date: Wed, 25 Jan 2023 14:05:24

A popular crypto trader is setting price targets for Ethereum (ETH), XRP and Aptos (APT), while updating his position on another altcoin. Pseudonymous trader Altcoin Sherpa tells his 189,700 Twitter followers that leading smart contract platform Ethereum is testing a key support level at around $1,500 and on track for another 31% rally.

XRP Predicted To Surge While Synapse (SYN) Set To Rally By 115%

Source: Coincu

Date: Wed, 25 Jan 2023 13:54:33

Key Points: A well-followed crypto expert says payments network XRP is expected to climb, but Bitcoin (BTC) and one under-the-radar cryptocurrency have more upside potential. Cantering Clark, a pseudonymous expert, said that it's “nearly time” for XRP to explode to the upside.

Bulls keep close eye on XRP for breakout amid lengthy consolidation phase

Source: Finbold

Date: Wed, 25 Jan 2023 11:05:56

XRP is facing a prolonged consolidation phase, a trading pattern that offers possible hints regarding the token's subsequent price trajectory. 

Neutral News

XRP staking scam

Source: Blockchain News

Date: Wed, 25 Jan 2023 13:33:16

A phoney staking scheme is targeting XRP investors. XRP staking websites and emails have been faked.

Bulls keep close eye on XRP for breakout as it enters lengthy consolidation phase

Source: Finbold

Date: Wed, 25 Jan 2023 11:05:56

XRP is facing a prolonged consolidation phase, a trading pattern that offers possible hints regarding the token's subsequent price trajectory. 

Ripple CTO Shares One Prevalent Idea Since 2011 That He Never Pursued: Details

Source: UToday

Date: Wed, 25 Jan 2023 05:47:00

Ripple CTO shares insight from 2011

Negative News

Ripple Validator Removed from XRP Ledger Foundation's Unique Node List: Details

Source: UToday

Date: Wed, 25 Jan 2023 08:04:00

XRP Ledger Foundation unveils major UNL update, Ripple validator removed

Ripple, Binance impersonators target XRP holders via fake staking program

Source: Cointelegraph

Date: Wed, 25 Jan 2023 07:05:00

Online fraudsters attempt to lure in XRP investors by offering fake staking services with an ROI of up to 31% for a token that is not based on proof-of-stake consensus.

SEC Threatening To Bankrupt Crypto Business; XRP Lawyer Claims

Source: Coingape

Date: Wed, 25 Jan 2023 05:02:22

U.S. Securities and Exchange Commission (SEC) is on the radar of digital asset industry leaders over its alleged regulatory overreach. An Amicus Curiae in the XRP lawsuit has claimed that the SEC lawyers are threatening to bankrupt an American entrepreneur before filing a lawsuit against them.

 

SOLANA (SOL)

Current Price: $ 24.04 (24h Changes: -1.74 %)

Current Market Cap: $ 8,906,708,248 (24h Changes: -1.17 %)

Positive News

Solana Praised Again By Buterin, Price Surges 10%

Source: LiveBitcoinNews

Date: Wed, 25 Jan 2023 12:00:59

Not long ago, Live Bitcoin News published an article talking about how poorly the Solana cryptocurrency was doing.

Why This Analyst Thinks Traders Should Not Be Bearish On Solana

Source: NewsBTC

Date: Wed, 25 Jan 2023 10:30:39

For traders thinking Solana is controlled by the bears, a popular crypto market analyst, Chris Burniske, is giving a fresh perspective of hope for the major altcoin.    According to the former lead of Ark Invest's crypto department, those who think that SOL is generally bedridden in a bearish mood are mistaken.

Marinade Finance announces rewards to boost liquid staking on Solana

Source: The Block

Date: Wed, 25 Jan 2023 07:29:28

Marinade Finance will reward users with a total of 160 million marinade tokens for depositing SOL over the next 12 months.

Neutral News

Can Solana (SOL) Rally Push Beyond Pre-FTX Levels or is It a Bear Trap?

Source: CoinPedia

Date: Wed, 25 Jan 2023 07:12:42

Solana price has broken a three-week rising trend, thus questioning the momentum to push beyond pre-FTX levels. According to our latest crypto price oracles, Solana's price has dropped approximately 5.4 percent in the past 24 hours to trade around $23.22 today.

You Shouldn't Be Bearish on Solana (SOL), Says Analyst

Source: UToday

Date: Wed, 25 Jan 2023 05:18:00

Though Solana had tough 2022, being too bearish on it might be wrong

Solana (SOL) Down by 6.3%, Healthy Correction or Cause for Alarm?

Source: UToday

Date: Wed, 25 Jan 2023 02:57:00

Solana's price slump today is best described as healthy retracement

Negative News

Solana price analysis: Bearish momentum pulls SOL back to $23.43

Source: Cryptopolitan

Date: Wed, 25 Jan 2023 12:04:36

Recent Solana price analysis is bearish as it shows SOL/USD value has been reduced up to $23.43 today, as the bears have been availing chances for dominating the price function. The past few days had been highly favorable for the bulls as they managed to surge the price up to $24.

Solana (SOL) Price Reaches $24 but Collapse Could Be Around the Corner

Source: BeInCrypto

Date: Wed, 25 Jan 2023 07:30:00

If the Solana price does not break out from its descending resistance line, it could decrease to $17.34.

Crypto Markets Shed $30B as SOL, ADA, ETH, DOGE Retrace by 6%: Market Watch

Source: CryptoPotato

Date: Wed, 25 Jan 2023 04:50:29

Despite the daily price drops, the total crypto market cap is still well beyond $1 trillion.

 

AVALANCHE (AVAX)

Current Price: $ 17.67 (24h Changes: -2.21 %)

Current Market Cap: $ 5,552,555,265 (24h Changes: -1.89 %)

Positive News

This Crypto Could Rally 50x Higher, Outperforming Bitcoin And Ethereum, Says Morgan Creek's Yusko

Source: Benzinga

Date: Wed, 25 Jan 2023 09:07:19

Mark Yusko, CIO at Morgan Creek Capital, said that Avalanche (CRYPTO: AVAX) has the potential to outperform the entire crypto market, including Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). What Happened: Yusko, in a YouTube video, said AVAX could rally by 50 times in the next bull cycle, provided that Bitcoin and major coins remain successful.

Top Altcoin to Watch: With a 50x rally, this Layer-1 Token May Soon Outperform Bitcoin and Ethereum!

Source: CoinPedia

Date: Wed, 25 Jan 2023 03:29:49

As the markets are turning a little bullish some of the altcoins are gaining significant gains. Among them is Avalanche (AVAX) which is believed to explode in the coming days. Crypto Bull and CIO of Morgan Creek Capital, Mark Yusko says Avalance (AVAX) has the potential to skyrocket by 50x in the next bull market.

Negative News

Avalanche Crumbles 10% – Was The AVAX Rally A Bull Trap? 

Source: NewsBTC

Date: Wed, 25 Jan 2023 04:33:02

Avalanche has been going up the chart ladder since the start of the year, following the broader crypto market rally as major cryptocurrencies break through crucial resistances. But right now, its native token AVAX seems to have found itself a new ceiling.

 

COSMOS (ATOM)

Current Price: $ 13.26 (24h Changes: 2.24 %)

Current Market Cap: $ 3,880,880,301 (24h Changes: 2.47 %)

Positive News

New $150 Million Injective Ecosystem Fund Supports Cosmos, DeFi Adoption

Source: Benzinga

Date: Wed, 25 Jan 2023 13:06:23

Layer 1 blockchain Injective launched a $150 million ecosystem fund to “accelerate developer adoption” for optimized financial applications. What Happened: Injective's new fund is supported by notable Web3 and traditional finance organizations which the company said represented the largest consortium in the Cosmos ecosystem.

Injective launches $150M ecosystem fund to boost DeFi, Cosmos adoption

Source: Cointelegraph

Date: Wed, 25 Jan 2023 09:05:00

“DeFi has proven to be a resilient and reliable option for users in the face of the overarching CeFi collapse in 2022,” said Eric Chen, CEO of Injective Labs.

Neutral News

Cosmos' market cap surpasses billions but ATOM's pullback could be imminent

Source: AMBCrypto

Date: Wed, 25 Jan 2023 14:30:38

The self-acclaimed internet of blockchains, Cosmos [ATOM] has reclaimed the $3.5 billion market capitalization after its token displayed a 40% increase in the last 30 days.

 

POLKADOT (DOT)

Current Price: $ 6.3 (24h Changes: -3.25 %)

Current Market Cap: $ 7,522,657,488 (24h Changes: -3.08 %)

Positive News

World's first Cardano (ADA)-Based Electric Vehicle to Debut Soon, Polkadot (DOT) Investors Still in a State of Frenzy Despite Recent Price Highs, Snowfall Protocol (SNW) to launch at $0.22

Source: Dailycoin

Date: Wed, 25 Jan 2023 12:00:44

Continue reading World's first Cardano (ADA)-Based Electric Vehicle to Debut Soon, Polkadot (DOT) Investors Still in a State of Frenzy Despite Recent Price Highs, Snowfall Protocol (SNW) to launch at $0.22 at DailyCoin.com.

Polkadot outshines other networks in the last month with the highest

Source: AMBCrypto

Date: Wed, 25 Jan 2023 10:30:06

Polkadot [DOT] has emerged as a leading blockchain in terms of development activity, according to Santiment. The network recorded the highest number of GitHub commits in the last month, showing a high level of development activity and engagement from its protocols deployed on the interoperable blockchain.

Top 5 Altcoins That May Skyrocket In 2023

Source: Coingape

Date: Wed, 25 Jan 2023 09:51:12

Top 5 Altcoins That May Skyrocket In 2023: The recent growth in the majority of cryptocurrencies since January 1st has created a sense of recovery sentiment in the crypto market. Thus, amid this recovery, we are picking up the top crypto coins which are following the famous bullish pattern called the falling wedge.

Negative News

Why Are Investors Taking Profits in Cardano, Polkadot, and The Sandbox Today?

Source: The Motley Fool

Date: Wed, 25 Jan 2023 13:16:55

These large-cap tokens are giving back some of the gains they've accrued so far this month.

Polkadot price analysis: DOT faces a downtrend at $6.26, as bears hinder upward price movement

Source: Cryptopolitan

Date: Wed, 25 Jan 2023 03:32:38

The latest Polkadot price analysis shows signs of a strong downtrend, as the price curve shows a downward movement for the day. In the previous day, the market has been ruled by bulls, but the overall market sentiment has been bearish.

 

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


What Happens To Crypto Today?
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