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"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.
BITCOIN (BTC)
Current Price: $ 20,754 (24h Changes: -4.01 %)
Current Market Cap: $ 396,833,652,442 (24h Changes: -3.79 %)
Positive News
Recovery in Sight as BTC Stays Above Realized Price
Source: Zycrypto
Fri, 26 Aug 2022 14:03:16
Following the intense pull exerted by the bears in the past months, especially in June, the crypto markets have struggled to recover some of the losses incurred, with a series of periodic relief rallies staged in July.
Source:
Fri, 26 Aug 2022 13:30:08
While bitcoin prices hover just below the $22K mark, the leading crypto asset has still shed more than 9% against the U.S. dollar during the last two weeks. Despite the lower prices, Bitcoin's hashrate has jumped significantly in recent times and block intervals have sped up a great deal.
U.S. Senatorial Candidate Bruce Fenton Publicly Supports Bitcoin
Source: Dailycoin
Fri, 26 Aug 2022 13:00:07
Fenton calls the US Dollar a melting ice cube while accepting donations in Bitcoin.
Neutral News
Coinsillium CEO deems CBDCs a 'small niche' vs Bitcoin, other cryptocurrencies
Source: CryptoSlate
Fri, 26 Aug 2022 15:01:16
The development of Central Bank Digital Currencies (CBDCs) is picking up pace but Coinsillium CEO Eddy Travia is not concerned about their impact as he thinks they fail to give users an edge over existing private crypto options. The post Coinsillium CEO deems CBDCs a 'small niche' vs Bitcoin, other cryptocurrencies appeared first on CryptoSlate.
Price analysis 8/26: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, MATIC
Source: Cointelegraph
Fri, 26 Aug 2022 15:00:00
Bitcoin and altcoins followed stocks lower after hawkish statements from the Federal Reserve confirmed that the central bank remains serious about reducing inflation.
WATCH: Powell Versus Bitcoin Price Log Curve | Daily TA August 26, 2022
Source:
Fri, 26 Aug 2022 12:15:27
In this episode of NewsBTC's all-new daily technical analysis videos, we are looking at the Bitcoin logarithmic growth curve, the Power Law Corridor, and the 200/100/50-week moving averages. Take a look at the video below.
Negative News
Bitcoin 1 Month Old Supply Is Down To Historical Bottom Zone
Source: Bitcoinist
Fri, 26 Aug 2022 15:00:49
On-chain data shows the percentage of the Bitcoin supply aged between one week and one month old has now declined to the historical bottom zone. Only 3.
Bitcoin MVRV Ratio Is Back Below 1 As Average Holder Slips Into Loss
Source:
Fri, 26 Aug 2022 15:00:31
On-chain data shows the Bitcoin MVRV ratio has declined below one recently as the average holder has now slipped back into a state of loss. Bitcoin MVRV Is Now Back In The Historical Bottom Region As pointed out by a post on CryptoQuant.
Source: The Daily Hodl
Fri, 26 Aug 2022 14:45:39
Crypto analytics firm Glassnode says that Bitcoin (BTC) is still in the bear market despite a recent relief rally. The market intelligence firm says that on-chain metrics suggest that recovery is still a ways off for Bitcoin since its short-term price increase was followed by a sell off.
ETHEREUM (ETH)
Current Price: $ 1,563.79 (24h Changes: -8.28 %)
Current Market Cap: $ 188,244,248,178 (24h Changes: -8.16 %)
Positive News
Majority Of Ethereum Investors Maintain Profitability Despite Decline Below $1,700
Source:
Fri, 26 Aug 2022 13:00:52
Profitability in digital assets such as Ethereum is important to investors in the space. With the decline following the bull market, a good number of ETH investors have seen the profitability of their holdings decline significantly.
Coinbase is open to listing Ethereum PoW fork assets
Source: The Block
Fri, 26 Aug 2022 12:58:52
Coinbase will assess any asset associate with the ETH PoW fork "with the same rigor as any other asset that is listed on our exchange." The post COINBASE is open to listing Ethereum PoW fork assets appeared first on The Block.
Neutral News
Ethereum's correlation with S&P500 could mean this for your portfolio
Source: AMBCrypto
Fri, 26 Aug 2022 14:30:36
In the past few years, the cryptocurrency market has shared a close correlation with the stock market. For instance, in February, it was reported that the leading alt, Ethereum [ETH], started to move more closely with U.S. stocks.
Negative News
Source: The Daily Hodl
Fri, 26 Aug 2022 15:00:44
A new report by decentralized application information platform DappRadar is warning that Ethereum's (ETH) upcoming Merge could cause harm to one key sector of the crypto industry. Citing crypto investment giant Grayscale, the report says that stablecoins, which currently enjoy a market cap of $142.
Ethereum Nodes Largely Run on Cloud Services, This Host Says They're Banned
Source:
Fri, 26 Aug 2022 14:16:47
Popular cloud service provider Hetzner hosts over 10% of Ethereum nodes but the company says this violates its terms of service.
BINANCE (BNB)
Current Price: $ 286.19 (24h Changes: -5.37 %)
Current Market Cap: $ 46,708,327,766 (24h Changes: -5.26 %)
Positive News
XRP, BINANCE Coin (BNB) and Two Mid-Cap Altcoins Flashing Bullish in One Metric, Says Analytics Firm Santiment
Source: The Daily Hodl
Fri, 26 Aug 2022 10:30:33
Market intelligence firm Santiment is naming four altcoins that are currently witnessing bullish sentiment based on an indicator that gauges the overall attitude of crypto traders and investors.
WAM Scores A Record 43K Daily Users After BNB Chain Spotlight
Source: Benzinga
Fri, 26 Aug 2022 07:34:20
The blockchain and crypto gaming space has been on the rise for the last few years, with tons of impressive projects coming out of it. One of these, WAM, a blockchain game, has recently announced a partnership with the Binance Chain, which previously declared WAM as one of the best projects which leverage the BNB Chain, especially in the play-to-earn crypto gaming genre.
CARDANO (ADA)
Current Price: $ 0.45 (24h Changes: -4.97 %)
Current Market Cap: $ 15,072,603,350 (24h Changes: -4.59 %)
Positive News
Cardano Reveals State of 3 Critical Indicators to Trigger the Long-Awaited Vasil Upgrade
Source: Zycrypto
Fri, 26 Aug 2022 14:03:16
Cardano is putting in extra efforts to ensure the smooth rollout of the much-anticipated Vasil Hard Fork upgrade.
Cardano Aims For $0.52 Amid Consolidation; Is Worth Buying?
Source:
Fri, 26 Aug 2022 11:03:22
Cardano price analysis indicates a bullish outlook for the day. The altcoin is gaining against most of the major's mute movement.
RIPPLE (XRP)
Current Price: $ 0.34 (24h Changes: -2.12 %)
Current Market Cap: $ 16,933,620,014 (24h Changes: -2.29 %)
Positive News
Source: The Daily Hodl
Fri, 26 Aug 2022 10:30:33
Market intelligence firm Santiment is naming four altcoins that are currently witnessing bullish sentiment based on an indicator that gauges the overall attitude of crypto traders and investors.
Neutral News
XRP price pumps and dumps amid mysterious $51M whale transfers, what's next?
Source: Cointelegraph
Fri, 26 Aug 2022 10:47:42
XRP risks declining further in the coming weeks despite its eye-grabbing intraday price moves.
Negative News
XRP, SHIB, DOGE Get Hammered After Powell's Speech
Source:
Fri, 26 Aug 2022 14:43:00
Fed Chair Jerome Powell's recent comments pushed the prices of cryptocurrencies significantly lower
Here's How Ongoing Sell-off Position XRP Price To Drop Below $0.33
Source:
Fri, 26 Aug 2022 12:35:46
The XRP/USDT pair rallied for the past two months under the influence of a rising parallel channel pattern. This pattern pushed the coin price to a record high of $0.4079; however, the technical chart shows the price has maintained a local top at $0.387.
SOLANA (SOL)
Current Price: $ 33.11 (24h Changes: -7.55 %)
Current Market Cap: $ 11,557,137,066 (24h Changes: -7.31 %)
Positive News
Solana Weekly Chart Unveils Interesting Opportunities, Can SOL Repeat 500% Movement?
Source:
Fri, 26 Aug 2022 04:37:00
Solana presents easy opportunity on its weekly chart, while crypto market acts as boredom trap
DJ Steve Aoki to Release NFT Series at Price of 1.5 SOL on August 29
Source: Blockchain News
Fri, 26 Aug 2022 03:35:12
American DJ and EDM producer Steve Aoki, in collaboration with artist Greg Hildebrandt, will be releasing his NFT collection on August 29th at 2 pm.
Negative News
Solana Is Down 85%. Is Now the Time to Buy the Dip?
Source: The Motley Fool
Fri, 26 Aug 2022 06:00:00
Solana has had a rough year, but it still has potential.
Solana price analysis: Bears pull back SOL to $34.7 as bulls await their turn
Source: Cryptopolitan
Fri, 26 Aug 2022 03:11:59
The Solana price analysis shows that bearish momentum is on the go, as the price levels are falling down today. The past few hours have been unsupportive for the bulls, yet the most recent update is notifying about the bearish supremacy as the coin's value has decreased.
AVALANCHE (AVAX)
Current Price: $ 21.66 (24h Changes: -6.23 %)
Current Market Cap: $ 6,160,620,172 (24h Changes: -5.82 %)
Positive News
Source: The Daily Hodl
Fri, 26 Aug 2022 03:04:01
The chief investment officer of Valkyrie Investments says that the crypto asset manager is turning to flight-to-safety assets such as Bitcoin (BTC) as The Merge approaches.
Neutral News
How to Bridge Avalanche (AVAX) to Fantom (FTM)
Source: Altcoin Buzz
Fri, 26 Aug 2022 09:31:55
The importance of interoperability in the crypto space cannot be overemphasized. Hence, it's very important that we need secure bridges to boost cross-chain interoperability.
Analyst Maps Next Levels For Bitcoin (BTC), Avalanche (AVAX), and Fantom (FTM) Price
Source: CoinPedia
Fri, 26 Aug 2022 07:38:36
A renowned crypto analyst and trader, Michael van de Poppe, has released his analysis for a few crypto assets. Avalanche (AVAX) Price Analysis- The analyst informs his 623,400 followers over Twitter that along with Avalanche, many altcoins have seen their downfall beneath their 50-day moving averages as an outcome of last week's bear market correction.
Negative News
Avalanche Price Analysis: AVAX Faces 15% Downside Risk Below This Level
Source:
Fri, 26 Aug 2022 08:20:59
Avalanche price analysis indicates a bearish sentiment for the day. The price is oscillating near the $22.20 horizontal support level.
Avalanche price analysis: Bearish trend to continue as AVAX holds around $22.62
Source: Cryptopolitan
Fri, 26 Aug 2022 03:22:17
Avalanche price analysis shows a bearish trend in the market as the cryptocurrency depreciates towards the $22.62 mark. The AVAX/USD pair is currently facing resistance at the $23.63 level and will need to break above this point to continue its upward movement.
