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Cardano Ecosystem

Blaze Trends

07/20/2022

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Cardano, shiba inu, dogecoin soar hard, market back at $1.1 trillion

The current ether rally is slowing down a bit, but that seems to create some space for the other altcoins. Meanwhile, bitcoin (BTC) was able to make another big jump, but there is a slew of top 100 cryptocurrencies...

Cardano, shiba inu, dogecoin soar hard, market back at $1.1 trillion

The current ether rally is slowing down a bit, but that seems to create some space for the other altcoins. Meanwhile, bitcoin (BTC) was able to make another big jump, but there is a slew of top 100 cryptocurrencies that rose even faster in the past 24 hours.

Total market cap bounces back above $1.1 trillion for the first time in nearly six weeks after rising 5.1% in the past 24 hours

Daily Market overview
Market cap: $1.13T +5.66%⬆️
SPOT Volume 24h: 45.78B -11%⬇️$BTC dominance: 40.09% +2.88%⬆️
Fear & Greed Index: 31⬆️ fear sentiment. Most projects in profit.💵#Bitcoin $BTC $ETH

🌐👉https://t.co/h7kQrKQGFo
🧠Free on-chain dash👉https://t.co/LzkA1WfcwR pic.twitter.com/WGn4vw67rH

— IT Tech (@IT_Tech_PL) July 20, 2022

Ethereum rally slows down

Ethereum (ETH) was on the rise last week, probably due to the hype about the upcoming merge. Ether peaked around $1,585 just before midnight, but then plunged to $1,520. The price then made a small bounce, only to get below $1,573 this morning and is now dropping to $1,540. This means that ETH is ‘only’ 2% in the plus today.

$ETH bulls are gaining momentum

60% of holders around price are profiting, with strong support just below $1.5k where 2M ETH was previously purchased

Previous buying activity had also been concentrated around $1.6k and $1.8k, which are likely to act as near-term resistance pic.twitter.com/TxQH79NgUS

— IntoTheBlock (@intotheblock) July 19, 2022

SOL, MATIC rallies also slow down

Solana (SOL) also rose strongly last week, but fell slightly last night. SOL initially tested USD 47 twice yesterday, but failed to break through this yet. Since then, SOL has fallen to $44.6, but is still up 2.8% today. The price rise of polygon (MATIC) is also slowing down somewhat. MATIC is currently falling to $0.92, but is still up 3%.

we at @0xPolygon honestly believe (and people familiar with the matter agree) that what we’re announcing tomorrow is the second biggest tech breakthrough/milestone in Ethereum (or even the whole industry) this year, right after The Merge.

Let’s celebrate it together. 🤗🦄💫 pic.twitter.com/ZiSTwUtpkl

— Mihailo Bjelic (@MihailoBjelic) July 19, 2022

BNB, DOT in the plus

Binance coin (BNB) held up slightly better last night after peaking at USD 275. BNB currently stands at $267.8 and is up 3.6% today. Polkadot (DOT) made another minor bounce early this morning, but is now falling to $7.85. This means that DOT is currently 3.7% in the plus.

XRP, AVAX rise slightly faster

Ripple (XRP) continued to rise steadily overnight, but is now dipping slightly towards USD 0.37. XRP is already up 5.6% today. Avalanche (AVAX) also held up quite well overnight and is currently looking for support at $25. AVAX is no less than 7% in the plus today.

ADA, SHIB, DOGE are rising very fast

Cardano (ADA) is up a whopping 11.5% in the past 24 hours, but is now dipping slightly to $0.53. Shiba inu (SHIB) has continued to climb for the past 24 hours and made another big jump this morning. SHIB currently stands at $0.00001275 and is already up 11.3% today. Dogecoin (DOGE) made an even bigger jump this morning than SHIB and is therefore even 15.2% in the plus today. DOGE currently stands at $0.76.

🐳 With many #altcoins enjoying a solid rebound to their market caps in July, we can see the amount of $100k+ valued whale transactions are beginning to rise. $DOGE, $MATIC& $UNIA are noticeably seeing rises in these large transactions on their networks. https://t.co/XYEQPr6mWG pic.twitter.com/JR97zQuqXa

— Santiment (@santimentfeed) July 19, 2022

Crypto top 100 hardest fallers and risers today

Ethereum classic (ETC) is correcting 2% today after a huge surge last week. Arweave is currently down nearly 3%. The rest of the top 100 turns green today with several significant outliers.

Bitcoin cash (BCH), okb (OKB), chainlink (LINK), klaytn (KLAY) and cosmos (ATOM) are up 8%. Stacks (STX), hedera (HBAR), synthetix (SNX) and apecoin (APE) are up 9%. Vechain (VET) increases by 10%, nem (XEM), flow, mina (MINA) and zilliqa (ZIL) by 11%.

Frax share (FXS) and waves (WAVES) are up 12%. Lido (LIDO) and enjin coin (ENJ) are already up 13% in the past 24 hours. Ecomi (OMI) is the big winner of the top 100 today and is almost 18% in the plus.

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