What Happens To L1 Tokens Today? (31 Jan 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.

Here are the news for you today.

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BITCOIN (BTC)

Current Price: $ 22,737 (24h Changes: -4.44 %)

Current Market Cap: $ 438,748,298,419 (24h Changes: -4.52 %)

Positive News

Bitcoin aims for $25K as institutional demand increases and economic data soothes investor fears

Source: Cointelegraph

Date: Mon, 30 Jan 2023 14:42:00

Strong corporate earnings and investors' anticipation of a Federal Reserve pivot are helping to cement the case for risk assets like Bitcoin.

Institutions Pour Capital Into Bitcoin (BTC) at Highest Rate Since July of Last Year: CoinShares

Source: The Daily Hodl

Date: Mon, 30 Jan 2023 14:41:10

Digital assets manager CoinShares says large institutional investors are pouring money into Bitcoin (BTC) at rates not seen in the last six months. In its latest Digital Asset Fund Flows Weekly Report, CoinShares finds that institutional investors are pouring money into the digital asset markets after a long dry spell.

Twitter Prepping For Payments, Could Include Bitcoin And Crypto: FT

Source: Bitcoin Magazine

Date: Mon, 30 Jan 2023 14:34:32

Elon Musk's Twitter is preparing to add payments functionality that could potentially include cryptocurrency, inside sources told the Financial Times.

Neutral News

Bitcoin Below $23K as PCE Index Shows Cooling Inflation

Source: Coindesk

Date: Mon, 30 Jan 2023 14:00:32

Bitcoin (BTC) traded below $23,000 as the Personal Consumption Expenditures (PCE) index rose 4.4% annually last month. JMP Securities Director of Financial Technology Research Devin Ryan discusses market reaction to cooling inflation.

Bitcoin: Investors digest crypto volatility ahead of Fed meeting

Source: Yahoo Finance

Date: Mon, 30 Jan 2023 13:56:18

Yahoo Finance Live's Jared Blikre breaks down how bitcoin is trading ahead of Wednesday's Fed meeting.

Bitcoin price is up, but BTC mining stocks could remain vulnerable throughout 2023

Source: Cointelegraph

Date: Mon, 30 Jan 2023 13:37:16

Bitcoin miners have been under duress for more than a year and even with BTC price trading at $24,000, BTC mining stocks could still face challenges throughout 2023.

Negative News

Adoption or the end? China to start to tax Bitcoin and crypto transactions – Report

Source: CryptoNewsFlash

Date: Mon, 30 Jan 2023 12:22:24

China has re-introduced a new crypto taxation policy that will guide the broader ecosystem.

Bulls Are Exhausted After Fueling 47% Bitcoin (BTC) Price Pump

Source: BeInCrypto

Date: Mon, 30 Jan 2023 12:00:00

The Bitcoin (BTC) price is showing signs of weakness which could lead to a short-term correction.

SEC Rejects Ark 21Shares Spot Bitcoin ETF; Tesla's Q4 Bitcoin Strategy

Source: Coindesk

Date: Mon, 30 Jan 2023 11:00:02

U.S. Securities and Exchange Commission (SEC) rejected a joint effort by Ark Investment Management and 21Shares to list a spot bitcoin exchange-traded fund (ETF) for the second time. Plus, the latest on electric car maker Tesla (TSLA) not buying or selling any bitcoin (BTC) in the fourth quarter.

 

ETHEREUM (ETH)

Current Price: $ 1,548.8 (24h Changes: -5.95 %)

Current Market Cap: $ 186,794,048,782 (24h Changes: -6.07 %)

Positive News

3 Altcoins to Buy Before They Rally 100% This Year

Source: Investorplace

Date: Mon, 30 Jan 2023 14:06:15

These are the altcoins to buy that represent fundamentally strong projects and these altcoins are poised for at least 100% returns in 2023.

Bill To Make Bitcoin, Ethereum, Litecoin and Bitcoin Cash Means of Payments for State Agencies Hits New York

Source: The Daily Hodl

Date: Mon, 30 Jan 2023 12:55:17

Officials in New York are proposing a bill that would make a slew of prominent crypto assets acceptable forms of payment for state agencies.

Ethereum Network Usage Skyrockets As ETH Hits Two-Month High

Source: Bitcoinist

Date: Mon, 30 Jan 2023 12:20:38

Despite the crypto market conditions, crypto assets and blockchains have continued to amass new highs pushing the global cryptocurrency market forward. In today's news, Ethereum on-chain activity recorded a new high following the crypto market revival.

Neutral News

Is Solana Following Ethereum's Early Days? Top Trader Compares SOL and ETH, Updates Stance on Crypto Markets

Source: The Daily Hodl

Date: Mon, 30 Jan 2023 14:05:06

A trader who continues to build a large following with his timely altcoin calls says that one of Ethereum's biggest competitors may be following ETH‘s early stages of growth.

BREAKING: This goverment announces system to track all Bitcoin, Ethereum and crypto transactions worldwide

Source: CryptoNewsFlash

Date: Mon, 30 Jan 2023 12:23:35

A new crypto tracking system will be introduced to the South Korean crypto industry to curb illegal crypto transactions and money laundering.

Bitcoin Prices and Ethereum Prediction; Is Another 5% Rise Possible For BTC And ETH Today?

Source: Cryptonews

Date: Mon, 30 Jan 2023 03:32:00

Bitcoin and Ethereum prices have been on the rise for the past few months, and even today. This has resulted in many investors wondering if another 5% rise is possible for BTC and ETH today. 

Negative News

Why Ethereum (ETH) Lags Behind Bitcoin (BTC)

Source: BeInCrypto

Date: Mon, 30 Jan 2023 14:24:00

Ethereum has failed to outperform its rival crypto, Bitcoin. And there are different fundamental and technical factors impacting ETH.

Why Bitcoin, Ethereum, and Solana Are Down This Morning

Source: The Motley Fool

Date: Mon, 30 Jan 2023 10:04:11

Investors are anxious about the Federal Reserve's first meeting of 2023 tomorrow.

3 FTX wallets that moved significant amounts of stETH and ETH uncovered

Source: Crypto news

Date: Mon, 30 Jan 2023 07:37:34

Recent reports allege that FTX-connected wallets made some ETH and stETH transfers between May and June, causing a depeg and eventually leading to the demise of several crypto projects.

 

BINANCE (BNB)

Current Price: $ 304.96 (24h Changes: -4.18 %)

Current Market Cap: $ 41,117,873,283 (24h Changes: -4.22 %)

Positive News

3 Altcoins to Buy Before They Rally 100% This Year

Source: Investorplace

Date: Mon, 30 Jan 2023 14:06:15

These are the altcoins to buy that represent fundamentally strong projects and these altcoins are poised for at least 100% returns in 2023.

Polygon surpasses BNB Chain in daily transactions as MATIC pumps 20% over weekend

Source: CryptoSlate

Date: Mon, 30 Jan 2023 11:05:19

Polygon, the Ethereum scaling solution, has surpassed BNB Chain in the number of daily transactions, according to on-chain data analyzed by CryptoSlate.  On January 29, BNB Chain recorded 3,007,245 transactions, while Polygon processed 3,066,110 in the same period.

BNB Weekly Report: New Upgrades and Network Information

Source: BlockchainReporter

Date: Mon, 30 Jan 2023 01:30:00

BNB's weekly report summarizes the week's Binance Coin ecosystem events. The study includes the latest network data and enhancements.

Negative News

Binance Coin Reaches Bullish Exhaustion and Faces Rejection at $320

Source: Coin Idol

Date: Mon, 30 Jan 2023 11:30:00

The price of Binance Coin (BNB) has been moving in the zone of uptrend since the beginning of the rise on January 14. After reaching a high of $314, the cryptocurrency's price started to fluctuate below the barrier again.

Binance Coin (BNB) Faces Price Plunge After Bad News Regarding SWIFT Payments

Source: BeInCrypto

Date: Mon, 30 Jan 2023 09:00:00

The Binance Coin (BNB) price could correct before eventually resuming its upward movement.

 

CARDANO (ADA)

Current Price: $ 0.37 (24h Changes: -6.31 %)

Current Market Cap: $ 12,995,407,912 (24h Changes: -6.39 %)

Positive News

Cardano Price Hits Bull Trigger as Mystery Buyers Scoop Up Over 4 Billion ADA

Source: Zycrypto

Date: Mon, 30 Jan 2023 14:18:27

Cardano (ADA) continued to make waves in the cryptocurrency market towards month's end after an epic rise of over 50% since the start of the year.

Djed stablecoin and Liqwid Finance to launch this week – Is ADA poised to rally?

Source: CryptoNewsFlash

Date: Mon, 30 Jan 2023 12:46:17

The Djed stablecoin is overcollateralized and thus will maintain the optimum range of the reserve ratio of 400-800 percent.

Cardano: February could be a profitable month for ADA holders, here's why

Source: AMBCrypto

Date: Mon, 30 Jan 2023 10:30:41

The launch of the much-anticipated over-collateralized stablecoin Djed on the Cardano [ADA] network is slated to happen this week.

Neutral News

Can Cardano provide the support Cosmos needs to sustain its growth? 

Source: AMBCrypto

Date: Mon, 30 Jan 2023 03:30:57

Cosmos [ATOM] managed to register gains on its weekly charts by increasing its price by more than 2%.

Here's Where Bitcoin, Ethereum & Cardano Prices Are Heading This Week

Source: CoinPedia

Date: Mon, 30 Jan 2023 02:57:21

As the last year made heart-stopping dips and now the stunning recoveries in the price chart, many investors are left questioning the future trend of the market. However, the bullish reversal in the market's sentiment has once again sparked rays of hope of a potential comeback from its bottom price range.

Negative News

Cardano Slows Down As Large Addresses Distribute ADA

Source: Bitcoinist

Date: Mon, 30 Jan 2023 10:30:19

Cardano's rally has slowed down as on-chain data shows large addresses have been distributing the cryptocurrency in recent days. Cardano Addresses With 1 Million To 100 Million ADA Have Been Selling Recently According to an analyst on Twitter, a total of 31 addresses holding large amounts of Cardano have sold off their coins recently.

Cardano price analysis: ADA falls to $0.3800 support, what is next for the crypto?

Source: Cryptopolitan

Date: Mon, 30 Jan 2023 09:15:45

TL;DR Breakdown Cardano price analysis suggests a downward movement to $0.3750 The closest support level lies at $0.3800 ADA faces resistance at the $0.4000 mark The Cardano price analysis shows that the ADA price action has broken down to the $0.

ADA Whales Take Profit, Dump Millions: Cardano Sees Major Sell-Off

Source: CoinPedia

Date: Mon, 30 Jan 2023 05:59:16

Cardano, which is a proof-of-stake blockchain network and a rival to Ethereum, has seen a decrease in the amount of ADA that major wallet holders are holding.

 

RIPPLE (XRP)

Current Price: $ 0.4 (24h Changes: -4.56 %)

Current Market Cap: $ 20,145,432,325 (24h Changes: -4.63 %)

Positive News

Montenegro's central bank teams up with Ripple on digital currency pilot project

Source: Cointelegraph

Date: Mon, 30 Jan 2023 13:30:00

Montenegro's prime minister announced a central bank “digital currency or stablecoin” project with Ripple; the Balkan country currently uses the euro instead of a national currency.

XRP Ledger May Get New NFT Standard Just Months After Accepting Previous One, Here's Why

Source: UToday

Date: Mon, 30 Jan 2023 10:49:00

Almost three months after the introduction of the XLS-20 standard, which brought the NFT revolution to XRP Ledger, a new proposal was put forward expressing dissatisfaction with it and suggesting improvements to non-fungible tokens.

The 7 Best Long Term Crypto Investments

Source: Invezz

Date: Mon, 30 Jan 2023 10:06:55

Long-term crypto investments often rely on market cycles to put them on the radar for the wider crypto audience. Bull markets, where values skyrocket, inevitably cycle into bear markets, where values slump significantly. It is during the latter events that the best long term crypto bargains are to be had.

Neutral News

Ripple Shakes Up Leadership Ahead of XRP Lawsuit Outcome – What to Expect in Advance

Source: Dailycoin

Date: Mon, 30 Jan 2023 12:30:27

Ripple Labs has announced the promotion of Monica Long to the position of President.

XRP aims for a patterned breakout- Is a 7% hike likely?

Source: AMBCrypto

Date: Mon, 30 Jan 2023 07:30:18

Ripple's [XRP] recent rally slowed, ushering in short-term price consolidation. Since January 23, XRP's price action has formed a symmetrical triangle pattern.

XRP price forecast. How Ripple vs SEC lawsuit could shake up crypto markets

Source: Crypto news

Date: Mon, 30 Jan 2023 07:22:46

Amid a legal battle with the US Securities and Exchange Commission (SEC), Ripple (XRP) whales have reportedly been making significant transactions.  According to Whale Alert, a total of 253,594,773 XRP worth $103.

Negative News

XRP's Bullish Momentum Fading, Will Bears Break Below $0.40? (Ripple Price Analysis)

Source: CryptoPotato

Date: Mon, 30 Jan 2023 10:51:08

It seems that the XRP has been trapped in a range between $0.32 and $0.44 for several weeks. Most recently, the uptrend, which began at $0.32, stalled after hitting a resistance level.

 

SOLANA (SOL)

Current Price: $ 23.54 (24h Changes: -10.64 %)

Current Market Cap: $ 8,754,339,795 (24h Changes: -10.52 %)

Positive News

Solana (SOL) Sustains Second Week of Inflows as Blockchain Sentiment Improves

Source: UToday

Date: Mon, 30 Jan 2023 11:01:00

According to CoinShares data, digital asset investment products saw $117 million inflows last week, the largest since July 2022, while total assets under management (AuM) have risen to $28 billion, up 43% from their November 2022 lows.

The 7 Best Long Term Crypto Investments

Source: Invezz

Date: Mon, 30 Jan 2023 10:06:55

Long-term crypto investments often rely on market cycles to put them on the radar for the wider crypto audience. Bull markets, where values skyrocket, inevitably cycle into bear markets, where values slump significantly. It is during the latter events that the best long term crypto bargains are to be had.

Neutral News

Is Solana Following Ethereum's Early Days? Top Trader Compares SOL and ETH, Updates Stance on Crypto Markets

Source: The Daily Hodl

Date: Mon, 30 Jan 2023 14:05:06

A trader who continues to build a large following with his timely altcoin calls says that one of Ethereum's biggest competitors may be following ETH‘s early stages of growth.

5 best cryptocurrencies in January 2023. Which coins are the top gainers?

Source: Crypto news

Date: Mon, 30 Jan 2023 06:00:52

January has generally been favorable to the broader crypto market.

Top 5 altcoins to watch in February 2023

Source: Finbold

Date: Mon, 30 Jan 2023 04:56:13

As the second month of 2023 approaches, the bullish rally on the cryptocurrency market is slowing down, but many digital assets are still doing very well, some better than others, and some making significant progress towards potentially increasing their value in February.

Negative News

Why Bitcoin, Ethereum, and Solana Are Down This Morning

Source: The Motley Fool

Date: Mon, 30 Jan 2023 10:04:11

Investors are anxious about the Federal Reserve's first meeting of 2023 tomorrow.

 

AVALANCHE (AVAX)

Current Price: $ 20.13 (24h Changes: -3.44 %)Current Market Cap: $ 6,348,690,850 (24h Changes: -3.6 %)

Positive News

Polygon (MATIC) Is Likely Gain 60% As AVAX And VRA Bulls Should Wait For A Dip

Source: Coincu

Date: Mon, 30 Jan 2023 12:11:30

Key Points: According to a cryptocurrency analyst who is frequently followed, Polygon, one altcoin functioning on the Ethereum (ETH) blockchain is already operational, and three other digital assets have received updates.

Expert predicts massive rally for this altcoin and Ethereum to outperform Bitcoin – Report

Source: CryptoNewsFlash

Date: Mon, 30 Jan 2023 09:54:58

Pseudonymous analyst Pentoshi with 671,300 followers on Twitter predicted the Bitcoin bull market last year.  Pentoshi has also predicted that blockchain scaling solutions like Polygon (MATIC) and smart contract protocol Avalanche (AVAX) are set for massive surges.

Top 5 Cryptos To Watch In The 1st Week Of February – BTC, APT, FTM, AVAX, MATIC

Source: Bitcoinist

Date: Mon, 30 Jan 2023 06:41:20

February is only two days away and this early, we round up the top 5 cryptos that have the potential to make it big in the first week of the love month.

 

COSMOS (ATOM)

Current Price: $ 12.98 (24h Changes: -6.64 %)

Current Market Cap: $ 3,790,577,277 (24h Changes: -6.38 %)

Neutral News

Mina Protocol, Icon, Cosmos (ATOM): the crypto assets of the moment

Source: The Cryptonomist

Date: Mon, 30 Jan 2023 07:26:29

Performance analysis and latest news

Can Cardano provide the support Cosmos needs to sustain its growth? 

Source: AMBCrypto

Date: Mon, 30 Jan 2023 03:30:57

Cosmos [ATOM] managed to register gains on its weekly charts by increasing its price by more than 2%.

 

POLKADOT (DOT)

Current Price: $ 6.12 (24h Changes: -7.98 %)

Current Market Cap: $ 7,331,295,878 (24h Changes: -8.1 %)

Positive News

3 Cryptocurrencies to Buy in Any Bear Market

Source: The Motley Fool

Date: Mon, 30 Jan 2023 09:37:00

These three crypto names are smaller and less mainstream than Ethereum or Bitcoin, but they look like long-term winners with robust business prospects.

These Altcoins May Rally, If Crypto Markets Continue to Rise Throughout the Week!

Source: CoinPedia

Date: Mon, 30 Jan 2023 05:46:09

Bitcoin price exploded after undergoing immense bearish pressure and acute compression within a narrow range. The breakout beyond $23,500 has induced significant bullish momentum not only within Bitcoin but for the entire crypto space.

Negative News

Why Dogecoin, Polkadot, and Chainlink Are Losing Steam Today

Source: The Motley Fool

Date: Mon, 30 Jan 2023 13:14:46

These three large-cap tokens are feeling the effects of uncertainty-related selling pressure today.

 

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


What Happens To Crypto Today?
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