Author: cryptodigitalnow

Layer 2 projects such as Optimism [OP] managed to outshine their sidechain counterparts in the L2 race. However, when compared with the second-largest cryptocurrency, the gap between the two was extremely evident. But has the L2 platform doing its bits to close that distance? A long road ahead… The OP token slipped below the key support level of $1.0. Thus, it struggled into the narrow consolidating pattern since last week. As per CoinMarketCap, OP, the native token suffered a fresh 5% correction as it traded around the $0.85 mark. Source: CoinMarketCap To add to this, when compared to Ethereum [ETH],…

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Former Google boss Eric Schmidt says that Chainlink (LINK) has superior technology and a leg up on its competitors. In a new discussion with Chainlink creator Sergey Nazarov at SmartCon 2022, the technology pioneer says that the tech giants of the early 2000s were able to capture their niche before everyone else, effectively getting ahead of their rivals. “At the end of the day, the companies that won in Web2 were better technology. They put more capital to work, and they moved faster, and they scaled faster. And these are network businesses, so once you get a little bit ahead…

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The cryptocurrency market’s daily trading volume runs into several billions of dollars, and the opportunity traders are looking for is to make some profit from that daily turnover. There are several places to look at if you’re looking to profit in the market, but in a bear market rally, you need to ensure you’re looking at the right places. The bear market is unforgiving if you get into crypto trades or buy any coin without due diligence. The top strategy for anyone now will be to look for low-risk plays with some decent long-term opportunity. The millionaires and billionaires in…

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Flasko has been getting a lot of exposure recently, and considering the fact that those interested are smart money whales, regular traders and web3 folk have been forced to keep it on their radars. What about Flasko that has been making some whales ditch OG tokens like Litecoin (LTC) and Decentraland (MANA)? There’s a long list, but we’ll keep it short, so be sure to read to the end. Litecoin (LTC) is down more than 80%Litecoin (LTC) was created when people were looking for a chain that was easier to work with than Bitcoin, so it was beloved by many for years.…

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Crypto markets remained heavily consolidated during the past weekend as Bitcoin price continues to trade along the same support zone. The star cryptocurrency closed the previous week at around $19,000 with low volatility and low volume. The markets barely moved, flashing strong signs of exhaustion as the indices kept on falling. Therefore, in such a scenario where the volatility period extends heavily, a big move may be speculated on in the next couple of weeks. With a slight change in the market sentiment, some of the major altcoins may also rise with huge bullish momentum. Chainlink (LINK)Source: TwitterChainlink prices have been displaying…

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The crypto strategist who nailed the end of the crypto bull market last year says Bitcoin (BTC) could be days away from witnessing extreme volatility. Pseudonymous analyst Pentoshi tells his 614,600 Twitter followers that he’s keeping a close eye on Bitcoin’s trading volume, which he notes is seeing significant increases across crypto exchanges. “Big move in next few days after essentially a month of sideways. All same chart, a lot of volume across all exchanges coming in outside of large June sell-off. This is a noticeable uptick.” Source: Pentoshi/Twitter According to Pentoshi, the rise in Bitcoin’s trading volume comes as…

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Global banking regulation standard Basel Committee’s latest report estimates the global bank exposure to crypto to be at 0.01%, as the 19 largest financial institutions hold €9.4 billion worth of crypto, which equates to 0.14% exposure.The report took the crypto asset data from 16 Group 1 banks and three Group 2 banks. Ten of these banks were from the Americas, seven were from Europe, and the remaining two were from the rest of the world.Number of Banks and Exposure ProportionConsidering these financial institutions’ size and expansion level, the report estimates that the global crypto exposure would turn out to be…

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It’s a good time to invest in these 10 cryptocurrencies that might gain massive momentum in 2023The crypto market has coped with several challenges in 2022, and it is no surprise that the market’s volatility has been a significant concern for investors. Cryptocurrencies experienced major growth over the past year, exceeding a US$3 trillion market capitalization, just last November. The year 2022 has also been a year where the market witnessed an influx of retail investors to join the market and enjoy returns of double, triple digits, and even more on their investments. But the volatility surrounding top cryptocurrencies like…

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© Reuters Top 6 Crypto Altcoins That Could Surge in Price in 2023 The total crypto market cap dropped 1.52% over the last 24 hours.Number 6 on the list of altcoins set to explode in 2023 is ETH.The list also includes ADA, MATIC, ALGO and XRP.The global crypto market cap has dropped 1.52% over the last 24 hours to bring down the total market cap to $923.12 billion according to the crypto market tracking website, CoinMarketCap. This may be a buying opportunity for traders and investors. As such, here are 6 altcoins that are set to explode in 2023. (ETH)…

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Cardano’s [ADA] show of strength per its development activity seemed to have stood at crossroads due to some contrasting views. According to Santiment, development activity on the ADA chain had decreased significantly since 28 September after reaching peaks. However, Input Output Global (IOG), the development team behind the Vasil upgrade, had opposing opinions. In the firm’s weekly update, Cardano had onboarded 1,113 projects and 100 that were launched. In the same vein, transactions had crossed the 50 million mark. ICYMI: Our weekly #Cardano development update is live on #EssentialCardano! Check out what our dev team has been up to and…

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