Bitcoin Spiked to 6-Day High Amid $43K: Altcoins in Green Led by Polkadot’s 9% Surge (Market Watch)
While bitcoin tapped a six-day high at over $43,000, most altcoins, led by Polkadot, charted even more impressive gains on a daily scale.
NEAR is the biggest winner in the top 20 this week, up 7%: Top places to buy NEAR
NEAR Protocol’s native token NEAR is the biggest winner in the top 20 this…
The post NEAR is the biggest winner in the top 20 this week, up 7%: Top places to buy NEAR appeared first on Coin Journal.
Top Parachain Projects To Watch Out For in 2022 on Polkadot Ecosystem
A parachain project is an independent standalone blockchain operational on the Polkadot ecosystem. These projects have their own token due to an independent blockchain. As a result, their governance & functionality is distinct from the Polkadot ecosystem. Despite this fact, they get the security of the base layer i.e. Polkadot and Kusama.
How does the Polkadot Parachain Auction Work?
The Polkadot parachain auction follows a candle auction format. In the candle auction format, the bidders place their bids early. The purpose of this model is to discourage last-minute price discovery for bidding. As a result, biddings are transparent and level playing for all. To participate in the bid, projects must pledge DOT/KSM tokens in a decentralized candle auction vault.
What are the Top Three Parachain Projects on the Polkadot Ecosystem?
#1. Acala
The Acala Network is a prime contender on the Polkadot ecosystem. It is offering a trust-less derivative market. In the Acala ecosystem, you can also trade in their stable coin pair. Along with that, there’s also an AMM DEX where you can lock tokens for rewards. You can buy ACA from CoinLIB exchange. The information is shared via this link.
#2. Litentry
Litentry is another innovative project on the Polkadot network. The Litenary ecosystem gives users full control over their data. In a nutshell, users can earn LIT tokens by providing their information on the LIT network. The LIT network charges applicants seeking information in LIT tokens. These charges are paid to the validators for fishing out information. Currently, the LIT tokens are trading at $4.87 and you can buy them on Binance, Bitvavo, and Hoo.Com.
#3. Astar
Astar as an interoperable, scalable Web 3.0 platform aims to connect Ethereum and Cosmos Network with the Polkadot ecosystem. Its native token $ASTR is available on Binance, NEXO, and Bybit.
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Bitcoin in Dormancy Flow ‘Buy Zone’ For Sixth Time in its History
Reading Time: 2 minutes The Bitcoin Dormancy Flow has indicated that Bitcoin is in a ‘buy zone’ The metric, which considers the movement of long-held coins, last fired in May 2021 The chart shows that price increases often follow drops into the buy zone Bitcoin is in the ‘buy zone’ according to a metric that has only fired such a signal on five other occasions since 2011. The Dormancy Flow chart shows Bitcoin’s market cap compared to the USD value of annualized destruction, which refers to the amount of time coins are held in wallets, and current data suggests that a price reversal could
The post Bitcoin in Dormancy Flow ‘Buy Zone’ For Sixth Time in its History appeared first on FullyCrypto.
AMP/INR trading on WazirX
Buy, Sell, Trade Amp (AMP) in the INR and USDT market of WazirX.
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Report: Morocco Now North Africa’s Leading P2P Crypto Trading Nation
In the year 2021, Morocco, which previously announced measures restricting crypto trading, became North Africa’s leading crypto-trading nation after its peer-to-peer (P2P) trade volumes surged to $6 million. Morocco in Africa’s Top Four In 2021, Morocco’s peer-to-peer crypto trade volume of $6 million was enough to see it ranked North Africa’s top cryptocurrency trading nation, […]
Shiba Inu (SHIB) Hits 90-Day Low in Popularity: Data
After a phenomenal year, Shiba Inu Coin’s (SHIB) frenzy appears to be fading amidst the ongoing crunch in the crypto market.
GameFi-NFT Marketplace Lootex Raises $9 Million in Funding Round
Players will be able to purchase and sell stuff on several blockchains. LD Capital and Akatsuki also participated in the
The post has appeared first on thenewscrypto.com
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5 Next Meme Coins to Explode January 2022 Week 2
The cryptocurrency market has had a day of modest recovery. Its total cap has risen by 3.5% in the past 24 hours, to $2.14 trillion. […]
Bitcoin exchange outflows see biggest daily spike since September 2021
Almost 30,000 Bitcoin leaves major exchanges in a single day as buyers copy miners in taking the BTC supply off the market.
Bitcoin (BTC) investors are voting with their wallets as one-day outflows from major exchanges near 30,000 BTC.
Data from on-chain analytics firm CryptoQuant shows that on Jan. 11, 29,371 BTC left exchange order books — the most since Sep. 10.
The four-month high in outflows corresponds to short-term optimism returning on Tuesday as BTC/USD bounced and maintained levels above $42,000.
The pair subsequently went on to hit local highs of $43,150 before consolidating, this nonetheless a different turn of events to the widely-predicted cascade towards $30,000.
While such an outcome remains a topic of debate, buyers seem comfortable entering the market above $40,000.
For context, even the bounce which sparked the run to all-time highs at the end of September failed to produce as much buyer uptake as Tuesday.
“Volumes are thin. That means the market can have huge moves up or down easily,” Samson Mow, CEO of Blockstream, commented on the status quo:
“Given that we had a big move down already, and everyone is buying like no tomorrow, I’d say the next move is up.”
CryptoQuant tracks a total of 21 exchanges for its order book data. Last week, separate data focused on what one analyst described as a “crazy” imbalance between bids and asks, indicating that bears were finally beginning to tire of selling.
Buyers get bolder
Spot buyers were previously the main cohort missing from interest in BTC at current price levels.
Related: Bitcoin returns to $42K as bets start favoring ‘short squeeze’ higher for BTC
As Cointelegraph reported, miners continue to add to their reserves at an increasing pace this year, with long-term holders steadfast in their resolve not to sell.
Highlighting a bullish trend in the Bitcoin taker buy/sell ratio, CryptoQuant contributor IT Tech revealed a similar situation unfolding on derivatives markets.
The metric refers to the ratio of buy and sell volumes from takers on derivatives platforms. A value below 1 implies bearish sentiment, and while that is currently the case, the direction is up.
“If will cross 1 then we should have Bullish sentiment again and it chance to price trend reversal,” IT Tech summarized in one of CryptoQuant’s “Quicktake” posts Wednesday.
“Personally I am preparing to final bull run which will come sooner or later.”
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