Crypto News Jan 04, 2022

  1.  Significant Moments That Will Change the Crypto Market in 2022

In November, market value surpassed $3 trillion, as altcoins increased market cap and volatility while leading traders played a key influence in the overall performance. There has been an ongoing war between Ethereum and Bitcoin, as ETH became the second most valuable crypto on the market. Many are still unsure about the future of Solana (SOL) in 2022, but in 2021, we saw its token value increase from $1.59 in January to more than $250 in November. Bull traders have placed some ambitious predictions for the crypto market on the table, with Abra CEO, Bill Barhydt predicting BTC will reach the $100,000 mark.

Solana-based social NFT app Artrade is working to transform the way in which NFT artists and NFT investors interact by creating the world’s first completely carbon neutral NFT marketplace. The Artrade app, in addition to operating with an environmentally-friendly approach to NFT minting and trading, also makes it possible for anyone to participate in the NFT revolution from any smartphone or mobile device — without the high gas fees associated with contemporary NFT marketplaces. NFTs represent immutable, blockchain-verified ownership over a digital asset — in most cases, a piece of digital art.

VooVoo, an elite NFT Marketplace from the UK, presents an innovative solution that is revolutionizing the presentation of exclusive NFT art galleries. Powered by Solana, “a potential long-term rival for Ethereum,” the VooVoo marketplace is a gamechanger in the industry, determined to deliver a unique and premium experience for all NFT enthusiasts. Despite having launched only a few months ago, in the third quarter of 2021, VooVoo is proving to be a force to reckon with and has already set dates for the launch of their own wallet and token. Their cutting-edge wallet is packed with advanced features to help users store and exchange their digital assets, art and collectibles in the most secure way possible.

The IC15 tracks and measures the performance of the top 15 widely traded liquid cryptocurrencies listed on leading crypto exchanges of the world, the company stated. CryptoWire’s Index Governance Committee, comprising domain experts, industry practitioners, and academicians, will maintain, monitor, and administer the index while rebalancing it every quarter. The Base Value of the index is set at 10,000 and the base date is April 1, 2018. The Mumbai-based company said IC15 has been designed to provide insights into crypto mining and the true benchmark and a mirror of the underlying crypto market, a barometer of the industry in a sense, with a diversified representation of overall market sentiments.

Fractal was launched on Dec. 30 with a slew of major blockchain games such as “The Sandbox,” “Aurory,” “Mini Royale,” “Caveworld,” “Nyan Heroes,” “Portals,” “Solchicks,” “Photo Finish,” “Panzerdogs” and a lot more. Collectively, these games merchandise billions in NFT value. Among them is the co-founder of the American interactive live streaming service Twitch Justin Kan, who recently launched Fractal — a marketplace dedicated to selling gaming-related Non-Fungible Tokens (NFTs) for blockchain gaming companies. TheNFT platform’s Discord group already has over 111,000 members even if it was only launched a few days ago.

The commander-in-chief of the Armed Forces of El Salvador Nayib Bukele has outlined his 2022 predictions for Bitcoin. According to a tweet posted on January 2, Bukele thinks Bitcoin will reach $100,000 in 2022. After adopting Btc as a legal tender in 2021, El Salvador is pushing the wheel forward in building proper infrastructure to grow the Bitcoin network. Notably, Bukele noted that Bitcoin City, which is funded by the Bitcoin bonds, will commence construction in 2022. Further, Bukele forecasts that the asset will become a major topic of discussion in the United States electoral process this year.

The protocol is a DeFi platform where people can borrow and lend cryptocurrency. Users can contribute to the various lending pools on the platform to earn interest, and collateral is compulsory for those who want to borrow. With the announcement of a mobile wallet, the price of the Aave native token ($AAVE) has seen an increase in value. The Aave token has risen by 6.47% in the last 24 hours to reach $273.50. With more developments and scaling plans forthcoming, Aave is primed for further gains in this test and will be looking to beat its all-time high from May 2021.

Hoskinson has stated that the bizarre mantra of Silicon Valley must be changed and modified to accommodate crypto. This bizarre step caused decentralized finance to incur a loss of a massive $10.5 billion during 2021. He further added that the crypto ecosystem might witness a slow rate of growth and 2022 might bring better improvement. He informed that this $2.5 trillion business is unpredictable and the consequences will also be extreme in nature. He assured that Cardano has a long and strong roadmap and mentioned they are the leading GitHub. He believes in the power of DeFi and Cardano is a small yet significant part of this industry.

InvestorsObserver gives Ethereum Gold Project a weak short-term technical score of 3 from its analysis. Ethereum Gold Project is $0.000040 (108.09%) higher than its 30-day low price of $0.000036832 while also -$0.000269 (-77.85%) lower than its high of $0.00034595 from the past month of trading. Ethereum Gold Project’s price movement over the past month has led to a a weak short-term technical score due to recent trading giving more bearish signals for traders on the token’s short-term movement.

  1.  NFTs Bored Apes and Mutant Apes kick off 2022 on a high with floor prices jumping more than 40%

Sales of two of the top NFT projects, the Bored Ape Yacht Club (BAYC) and the Mutant Ape Yacht Club (MAYC), skyrocketed over the weekend after rapper Eminem revealed that he had bought a BAYC NFT. BAYC and MAYC are currently topping the charts on blockchain research platform DappRadar and many others. According to DappRadar, seven-day volumes for the two projects stood at $93.2 million and $82.39 million, respectively. While BAYC jumped over 60%, MAYC jumped by a whopping 160.96% over the past seven days. As a result, even the cheapest Mutant Ape NFTs are now thrice the price. And, the floor prices of Bored Ape NFTs have jumped 46%.