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Cardano Ecosystem

Blaze Trends

07/21/2022

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Ethereum and cardano fall, shiba inu and dogecoin fall even harder

Bitcoin (BTC) is falling after some negative news and long-term investors took some gains. However, the decline is still marginal. However, many altcoins are already taking a bigger hit and many prices are quite in the red today. The...

Ethereum and cardano fall, shiba inu and dogecoin fall even harder

Bitcoin (BTC) is falling after some negative news and long-term investors took some gains. However, the decline is still marginal. However, many altcoins are already taking a bigger hit and many prices are quite in the red today. The total market cap of all cryptocurrencies is back below $1.1 trillion, dropping 3.5% to $1.07 trillion.

📈Market Overview#BTC price trades below $23K

The Top 10 are traded in red zone: $SOL -11%, $ADA -9.75%, $XRP -6.31%.

Market cap: $1.08T (-4.59%) $BTC dominance: 40.45% (+0.97%)
Fear & Greed Index: 34 (Fear)

Full Report👉https://t.co/McBuTWHUNq pic.twitter.com/IpWo5tDzY0

— CryptoRank Platform (@CryptoRank_io) July 21, 2022

Ethereum is down 3%

Ethereum (ETH) briefly rose above $1,600 yesterday afternoon for the first time since the mid-June crash. However, the resistance there was too great for the time being and when bitcoin started to fall last night, the ether price was also pulled along. ETH briefly found support around $1,550 and $1,525, but also fell through those and currently stands at $1,485. ETH is therefore 3% lower today, the rest, however, is already falling faster.

Over the last year, we’ve been heads down working to scale Ethereum and accelerate its adoption.

Today, we’re happy to announce that zkSync 2.0 – the first zkEVM rollup – will be live on mainnet in 100 days.

Our public roadmap for the rest of the year: https://t.co/wRjxJGoQwN pic.twitter.com/FuttnPWxZY

— zkSync (@zksync) July 20, 2022

TRX, BNB, XRP, MATIC in the minus

Tron (TRX) made a notable bounce back to $0.68 this morning, leaving the price down just 2.5% today. After ETH and TRX, binance coin (BNB) holds the strongest today, but the BNB price has already fallen by 4.7% to $255. Ripple (XRP) currently stands at $0.355 and is down 4.8%. Polygon (MATIC) is down 5%, but is rising towards $0.89 this morning.

We are proud to announce a giant leap forward for Ethereum scaling and ZK innovation.

Introducing Polygon #zkEVMthe first EVM equivalent ZK L2.

Today we’re releasing a complete implementation, fully open-source, and we’re just getting started.

[1/6] pic.twitter.com/P929DRCT1y

— Polygon – MATIC 💜 (@0xPolygon) July 20, 2022

DOT, ADA, SOL, SHIB, DOGE fall harder

Polkadot (DOT) is down 6.4% today and currently stands at $7.3. Cardano (ADA) is down a whopping 7.3% and drops to $0.49. Solana (SOL) is also down 7.3% to reach USD 41.2.

The meme coins take the heaviest blows. Shiba inu (SHIB) is down 9% today, dropping to $0.00001175. Dogecoin (DOGE) is even down 10% today and stands at $0.68 at the time of writing.

Crypto top 100 hardest fallers and risers

The rest of the top 100 also turns red today. The only exceptions are chain (XCN) and monero (XMR) which are both up about 5% today.

In contrast, vechain (VET), synthetix (SNX), algorand (ALGO), chainlink (LINK), celo (CELO), ecash (XEC), hedera (HBAR), tezos (XTZ), chiliz (CHZ), theta fuel ( TFUEL), decentraland (MANA) and filecoin (FIL) are all down about 8% today.

For quant (QNT), helium (HNT), neo (NEO), stepn (GMT), zilliqa (ZIL), nem (XEM), mina (MINA), flow (FLOW) and internet computer (ICP) that is already 9 %. Axie infinity (AXS), basic attention token (BAT), fantom (FTM), loop ring (LRC), elrond (EGLD) and graph (GRT) are down 10% today. Lido (LDO) and waves (WAVES) are the biggest losers and are both nearly 13% down.

⚡️Trending Searches by @CoinGecko
21 Jul 2022$MATIC $STPT $SKL $EVMOS $OP $GALA $FRONT $PAXG $UMEE $AVAX #AVAX pic.twitter.com/yAa5Zg5bM3

— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) July 21, 2022

Trade with Crypto Insiders on Discord

Are you looking for help with crypto trading? Then we would like to refer you to our Discord group for members. Here, experienced analysts and traders discuss their analysis and trading plans on a daily basis. We are also the first to share our technical and fundamental analyses. In our Discord community we can share knowledge with each other 24/7 and we try to stay ahead of the market together with our premium members.

Our lead analyst, known as AppY, recently hosted another ask me anything (AMA) session for our premium members. This is now available for everyone to see and is full of very interesting technical analyses!

Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences and are for educational purposes only.

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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