What Happens to L1 Tokens Today ? (24 Feb 2023, Friday)

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BITCOIN (BTC)

Current Price:  $ 23,803 (24h Changes: -1.04 % )

Current Market Cap:  $ 459,363,927,738 (24h Changes: -1.19 % )

BTC-Positive News

1. Bitcoin eyes 25% of world's wealth in new $10M BTC price prediction

Source:  Cointelegraph

Thu, 23 Feb 2023 07:26:50

Bitcoin can see its market cap increase 500 times over, Jesse Myers believes, thanks to its inherent scarcity and other traits.

2. Bitcoin Mining Consulting Firm Sabre56 Raises $35M to Build 150MW of Hosting Sites

Source:  

Thu, 23 Feb 2023 08:00:00

The consulting firm is moving onto the hosting business — and it already has a 'waiting list' of clients.

3. Group of Bitcoin holders since 2013 holds more BTC than all exchanges

Source:  CryptoSlate

Thu, 23 Feb 2023 14:44:16

Quick Take The metric supply of the last active 10+ years ago Bitcoin holders suggests that these holders have been holding onto BTC since 2013.

BTC-Neutral News

1. Futures OI exceeds 500K Bitcoin – volatility, liquidations increase as a result

Source:  CryptoSlate

Thu, 23 Feb 2023 08:44:16

Definition Future's open interest is the total funds (USD Value) allocated in open futures contracts.

2. Conflux: CFX & BLUNT (BudBlockz) Target 0.023 with BTC Holding at 24K

Source:  BlockchainReporter

Thu, 23 Feb 2023 06:44:26

Both Conflux (CFX) and BudBlockz (BLUNT) tokens are making some bullish moves as their prices show an uptrend while Bitcoin is holding around 24K.

3. Bitcoin's [BTC] recovery in question as Russia-Ukraine conflict anniversary nears

Source:  AMBCrypto

Thu, 23 Feb 2023 04:30:13

Bitcoin [BTC] bulls have been called into question despite the rally they have delivered so far this year. There are multiple reasons why many analysts expect prices to remain suppressed, and one of them is the ongoing conflict between Russia and Ukraine.

BTC-Negative News

1. Crypto Groups on Russian Social Media Hit by Bots Discrediting Bitcoin

Source:  

Thu, 23 Feb 2023 04:30:54

Social media groups devoted to cryptocurrencies in Russia have been attacked by bots in what looks like a campaign against bitcoin and the like. Their comments on Russia's largest social media platform are triggered by certain keywords like crypto and blockchain, members of the community have noticed.

2. Bitcoin and S&P 500 Correlation Turns Negative for the First Time Since FTX Collapse

Source:  BeInCrypto

Thu, 23 Feb 2023 12:13:50

In recent days, the largest traditional stock market index, the S&P 500 (SPX), has stopped correlating positively with Bitcoin (BTC).

3. Bitcoin Stuck in Bearish Elliott Wave Pattern Despite 47% Rally, QCP Capital Says

Source:  

Thu, 23 Feb 2023 05:22:01

In wave theory, market trends unfold in five waves, three of which represent the primary trend and the other two mark partial retracements within the primary trend. Bitcoin's year-to-date rally seems to be a retracement wave ahead of the final leg lower, QCP Capital said.

ETHEREUM (ETH)

Current Price:  $ 1,643.85 (24h Changes: 0.81 % )

Current Market Cap:  $ 198,053,982,279 (24h Changes: 0.71 % )

ETH-Positive News

1. COINBASE Launches its Own Ethereum Layer 2 Solution

Source:  Crypto Briefing

Thu, 23 Feb 2023 10:44:02

Coinbase is launching the testnet for Base, a Layer 2 solution powered by Ethereum.

2. Coinbase launches its own Ethereum Layer 2 network for building decentralized apps

Source:  Cointelegraph

Thu, 23 Feb 2023 10:03:58

The network, known as Base, is designed to be a low-cost, secure, and developer-friendly environment that Coinbase said will serve as a bridge to bring users into the crypto economy.

3. Coinbase launches Ethereum L2 network, Base

Source:  Crypto news

Thu, 23 Feb 2023 10:53:31

On Feb. 23, Coinbase, a popular crypto exchange, announced it has developed a base L2 network created using Optimism's OP Stack.

ETH-Neutral News

1. DeFi Liquidity Protocol Synthetix Deploys Version 3 on Ethereum

Source:  

Thu, 23 Feb 2023 05:49:34

Synthetix holds over $500 million in locked tokens over the Ethereum and Optimism networks.

2. BUSD burn and its Ethereum connection: All you need to know

Source:  AMBCrypto

Thu, 23 Feb 2023 10:30:45

Issues with the Securities and Exchange Commission have made BINANCE USD [BUSD] a major topic of conversation. However, despite this, work with the stablecoin proceeded as normal.

3. Bitcoin and Ethereum: Crypto market huff ‘meh' at Federal Reserve minutes

Source:  Proactive Investors

Thu, 23 Feb 2023 04:03:10

Depending on who you ask regarding the contents of its January minutes, the Federal Open Market Committee, which is responsible for determining central bank policy, is either primed for an easing of rates, or persistently hawkish. Sure, inflation is still “unacceptably high”, and the jobs market is persistently strong, but GDP growth is apparently primed for a slowdown and “cumulative policy firming” (i.e.

ETH-Negative News

1. Ethereum In Deep Trouble: Will the Prices Slide Below $1600?

Source:  CoinPedia

Thu, 23 Feb 2023 08:12:02

Ethereum's price appears to be in a hazy state as it is trying to recover the losses incurred over the past few days. Despite the resurgence of the bearish trend, the price remained elevated and bounced off from the lower support.

BINANCECOIN (BNB)

Current Price:  $ 307.89 (24h Changes: -0.69 % )

Current Market Cap:  $ 48,615,966,280 (24h Changes: -0.75 % )

BNB-Neutral News

1. Binance Coin Stuck And Struggling Below $320 High

Source:  

Thu, 23 Feb 2023 04:34:00

Binance Coin (BNB) is currently trading in the bullish trend zone, although it is stuck between the moving average lines.

CARDANO (ADA)

Current Price:  $ 0.38 (24h Changes: -1.23 % )

Current Market Cap:  $ 13,393,152,677 (24h Changes: -1.27 % )

ADA-Positive News

1. Breaking: SingularityNET Cardano Staking Portal Beta Launch Data Announced

Source:  

Thu, 23 Feb 2023 09:55:15

SingularityNET Cardano Staking Portal: Amidst the wave around artificial intelligence linked cryptocurrencies, SingularityNET ($AGIX) is set to spread its wings in terms of adoption in the crypto ecosystem. In line with the plans for this quarter, the SingularityNET Cardano staking portal is scheduled to go live for beta testing in March 2023, the developers announced.

2. Cardano and Empowa conquering billion-$-market with this massive upgrade – Is ADA poised to reach $1?

Source:  CryptoNewsFlash

Thu, 23 Feb 2023 05:46:23

Cardano housing startup, Empowa has launched an explorer service to dig deep into NFT information.

3. Cardano price analysis: ADA prices reach $0.3878 as the upward trend continues.

Source:  Cryptopolitan

Thu, 23 Feb 2023 10:45:42

Cardano price analysis shows that the ADA/USD pair price has soared above the $0.3878 level, indicating that the coin is currently in a strong bullish trend. But at $0.3946 right now, Cardano's price is being rejected.

ADA-Neutral News

1. New Bull Run Predicted. Cryptos Like TMS Network (TMSN), Bitcoin (BTC) and Cardano (ADA) (ADA) Lead The Way

Source:  CryptoNewsFlash

Thu, 23 Feb 2023 05:08:34

After peaking in November 2021, 2022 was a difficult year for crypto assets as they lost massive amounts of value.

2. Machine learning algorithm sets Cardano price for March 1, 2023

Source:  

Thu, 23 Feb 2023 10:13:23

Cardano's (ADA) value has recently experienced sideways trading, with the asset failing to hold above the $0.40 resistance level. Despite depending on the general market movement, ADA is banking on increased network development activity and adoption to trigger a price rally making the asset's future value a point of interest.

3. Can Cardano reach $2 in 2023? The Answer might SHOCK You!

Source:  CryptoTicker

Thu, 23 Feb 2023 08:56:00

The trend of the crypto market is currently up. Can Cardano reach $2 in 2023?

ADA-Negative News

1. Polygon co-founder sees no future for Solana, Aptos, Avalanche, Cardano

Source:  CryptoSlate

Thu, 23 Feb 2023 05:46:17

Polygon co-founder Sandeep Nailwal said Ethereum would emerge as the dominant smart contract protocol — with all other competing layer 1s falling by the wayside.

RIPPLE (XRP)

Current Price:  $ 0.39 (24h Changes: -1.18 % )

Current Market Cap:  $ 19,802,255,070 (24h Changes: -1.58 % )

XRP-Positive News

1. XRP Sees Ultra-Bullish Prospects As Developers Reveal A Cross-Chain Bridge To Drive Interoperability Is Coming

Source:  Zycrypto

Thu, 23 Feb 2023 14:16:13

RippleX and XRP LEDGER (XRPL) developers have unveiled a new XRPL standard for a cross-chain bridge that would considerably expand the potential use cases for the network and the XRP token.

2. XRP vs. SEC: – Lawyer unveils “Gensler files” that reveal massive corruption, Ripple is not the bad guy – Report

Source:  CryptoNewsFlash

Thu, 23 Feb 2023 13:21:58

Attorney John Deaton said that SEC Chair Gary Gensler is favoring his friends on Wall Street while neglecting crypto industry players.

3. Coinbase Takes A Stand Against SEC Crackdown! Is XRP Re-Listing Underway?

Source:  CoinPedia

Thu, 23 Feb 2023 05:42:04

The cryptocurrency winter that began in 2022 has resulted in the closure of several centralized exchanges due to the significant shrinkage in total traded volume. However, the rise of decentralized exchanges (DEXes) is expected to lead to more centralized exchanges following the bankruptcy protection path taken by FTX and Alameda.

XRP-Neutral News

1. Why Ripple Could Pay Up $250M to End SEC Legal Bout

Source:  Dailycoin

Thu, 23 Feb 2023 11:01:28

The ongoing legal battle between Ripple and the SEC has taken a new turn as the case continues to unfold.

2. XRP News: 126 Million XRP On The Move As Ripple Gains Support

Source:  

Thu, 23 Feb 2023 08:54:29

XRP News: The global digital asset market is trading under increased volatility due to increased scrutiny of the US SEC. Amid the broad sell off, several crypto whales have been spotted moving huge amounts of Ripple's native crypto, XRP.

3. ‘Relist XRP' Trends Again As Coinbase Changes Risk Disclosure, Rally Imminent?

Source:  

Thu, 23 Feb 2023 04:35:13

Coinbase has stealthily changed its risk warning, once again fueling rumors that XRP will soon be back to trading on the largest U.S. crypto exchange. The modification comes amid the release of its earnings report on Tuesday and at a time when the crypto industry is dealing with harsh regulatory pressure.

XRP-Negative News

1. Ripple's David Schwartz Raises Red Flag, Hints At Possible Shutdown In The US

Source:  CoinPedia

Thu, 23 Feb 2023 06:24:07

Ripple's CTO, David Schwartz, recently made a statement suggesting that Ripple is contemplating shutting down its operations in the United States due to the ongoing legal battle with the SEC. This has caused concern in the crypto community, with some speculating about the implications of such a move.

SOLANA (SOL)

Current Price:  $ 23.77 (24h Changes: -1.04 % )

Current Market Cap:  $ 8,992,703,959 (24h Changes: -1.3 % )

SOL-Positive News

1. Solana's NFT Minting App on Saga Mobile

Source:  TheNewsCrypto

Thu, 23 Feb 2023 02:01:14

Solana Mobile has unveiled Minty Fresh, a new NFT minting app built in-house. Solana hinted at more updates to follow in the upcoming weeks.

2. Coinbase Launches Layer 2 Blockchain Base to Provide Onramp for Ethereum, Solana, and Others

Source:  

Thu, 23 Feb 2023 09:00:00

Base is built on Optimism and Coinbase has no plans to issue a new network token.

3. Solana Blockchain Well Positioned to Reassert Itself as a Genuine Layer 1 Competitor: Coinbase

Source:  

Thu, 23 Feb 2023 06:17:10

The fundamental value proposition of the Solana protocol persists from a technical perspective, the report said.

SOL-Neutral News

1. Inflation News Hits Wall Street. TMS Network (TMSN) Teaches Traders to Profit As Solana (SOL) and Polkadot (DOT) Struggle

Source:  CryptoNewsFlash

Thu, 23 Feb 2023 05:16:25

The specter of inflation has been looming over the financial markets for months, and with the recent news hitting Wall Street, investors are bracing themselves for a potentially bumpy ride.

2. DeGods and y00ts Are Leaving Solana—Here's How It's Going to Work

Source:  

Thu, 23 Feb 2023 09:01:09

DeLabs details the motivations behind the Ethereum and Polygon moves and exclusively explains the bridging process for Decrypt.

SOL-Negative News

1. Polygon co-founder sees no future for Solana, Aptos, Avalanche, Cardano

Source:  CryptoSlate

Thu, 23 Feb 2023 05:46:17

Polygon co-founder Sandeep Nailwal said Ethereum would emerge as the dominant smart contract protocol — with all other competing layer 1s falling by the wayside.

AVALANCHE (AVAX)

Current Price:  $ 19.56 (24h Changes: -3.27 % )

Current Market Cap:  $ 6,163,093,386 (24h Changes: -3.44 % )

AVAX-Positive News

1. Avalanche price analysis: AVAX surpasses the $20 psychological mark as bulls define the price curve

Source:  Cryptopolitan

Thu, 23 Feb 2023 01:30:17

The bulls are in control of the market and have brought the price back to the $20.69 range today, according to the Avalanche price analysis report. The price of AVAX/USD has risen and abruptly crossed the $20 threshold.

AVAX-Neutral News

1. Prices of crypto assets Dogecoin and Avalanche

Source:  The Cryptonomist

Thu, 23 Feb 2023 05:59:50

Prices of crypto assets Dogecoin and Avalanche

2. Avalanche [AVAX]: Despite these developments, bulls face resistance

Source:  AMBCrypto

Thu, 23 Feb 2023 14:30:33

The Avalanche [AVAX] network has maintained robust development activity in the last seven days even as the market volatility slowed down. Here's a look at how the network has performed this week in terms of development activity.

AVAX-Negative News

1. Polygon co-founder sees no future for Solana, Aptos, Avalanche, Cardano

Source:  CryptoSlate

Thu, 23 Feb 2023 05:46:17

Polygon co-founder Sandeep Nailwal said Ethereum would emerge as the dominant smart contract protocol — with all other competing layer 1s falling by the wayside.

POLKADOT (DOT)

Current Price:  $ 7.05 (24h Changes: -1.09 % )

Current Market Cap:  $ 8,491,585,444 (24h Changes: -1.27 % )

DOT-Positive News

1. Cardano, Polkadot and Additional Ethereum Rival Are Leading Crypto Markets in Key Metric: Santiment

Source:  The Daily Hodl

Thu, 23 Feb 2023 05:15:58

Crypto analytics firm Santiment says Polkadot (DOT), Kusama (KSM) and Cardano (ADA) are leading the markets in one key metric. Santiment says that the top three blockchain projects with the most development activity are DOT, KSM and ADA.

2. Polkadot price analysis: DOT successfully recovers to $ 7.19 as bullish starts to take over

Source:  Cryptopolitan

Thu, 23 Feb 2023 12:08:58

The Polkadot price analysis shows the coin is in bullish momentum, as today it broke above $7.19 towards an all-time high. The DOT/USD pair has been in bearish mode for the last two days, and the pair has been trading in a very narrow range.

3. DOT Fires Up as Polkadot Dominates GitHub Development Activity

Source:  Crypto Economy

Thu, 23 Feb 2023 05:23:27

Polkadot (DOT) has accumulated more than 10% over the past seven days as the network becomes the industry's most active

DOT-Neutral News

1. Inflation News Hits Wall Street. TMS Network (TMSN) Teaches Traders to Profit As Solana (SOL) and Polkadot (DOT) Struggle

Source:  CryptoNewsFlash

Thu, 23 Feb 2023 05:16:25

The specter of inflation has been looming over the financial markets for months, and with the recent news hitting Wall Street, investors are bracing themselves for a potentially bumpy ride.

2. Polkadot buyers have defended $6.9 as support, is $9 the next target?

Source:  AMBCrypto

Thu, 23 Feb 2023 11:30:24

Over the past week, Bitcoin has oscillated between $23.5k and $25.2k. Polkadot bulls seized the initiative and drove the price on a ferocious rally last week.

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