The rapid ascent of decentralized finance has spawned a plethora of crypto projects. Each of them is attempting to do something that none of the established cryptos have done before, or at least trying to do it better than them. Our focus today is Snowfall Protocol (SNW), Tron (TRX), and Monero (XMR), which have carved out a niche for themselves. Let’s find out what the future looks like for these cryptos. Tron (TRX) Tron (TRX) is a decentralized crypto-based operating system that… Source link

Bitcoin ASIC miners — machines optimized for the sole purpose of mining Bitcoin — are currently selling at bottom-of-the-barrel prices not seen since 2020 and 2021, in what is being viewed as another sign of a deepened crypto bear market. According to the latest data from Hashrate Index, the most efficient ASIC miners, those generating at least one terahash per 38 joules of energy, have seen their prices fall 86.82% from May. 7, 2021 peak of $119.25 per terahash down to $15.71 as of Dec…. Source link

Monero (XMR) gets a bullish rating from InvestorsObserver Monday. The Digital Money asset is up 1.61% to $146.5 while the broader crypto market is up 0.68%. Monero has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Monero! Bullish Over the last five days, Monero has earned a Bullish rating on the InvestorsObserver Sentiment Score. The Sentiment Score measures the performance of… Source link

Litecoin (LTC) emerged as the top gainer over Christmas Day with an impressive performance. This put it ahead of market leaders such as bitcoin and ethereum in terms of performance, solidifying its position as the market leader through the first half of the holidays. Litecoin Tops List Of Gainers Over the last 24 hours, Litecoin has been on an upward rally that put its price firmly above $65, turning resistance into support for it. The digital asset saw upwards of a 6% increase in price… Source link

Cryptocurrencies were mostly consolidating on Dec. 26, as markets remained muted following the Christmas weekend. Bitcoin remained marginally above a key support point at $16,800, whilst ethereum remained near a ceiling at the $1,230 mark. Overall, the global crypto market is up 0.20% as of writing. Bitcoin Bitcoin (BTC) remained slightly above a ceiling at the $16,800 level to start the week, as markets remained mostly unchanged following the Christmas weekend. Trading volume… Source link

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For most crypto ecosystems, being compliant with federal sanctions have a negative impact on its global reach. However, when it comes to Ethereum, investors have significant power to decide the degree of compliance the ecosystem obeys. Nearly 60% of all post-Merge Ethereum blocks comply with the United States sanctions put forth by the Office of Foreign Assets Control (OFAC). While the crypto community stands against this transformation, many fail to realize their own contribution to helping… Source link

The comparison between bitcoin and gold gets livelier. Although the sudden collapse of cryptocurrency exchange FTX has left a very bad taste among many investors, Mark Cuban still has not given up on crypto. In an apparent demonstration of his support for bitcoin, the billionaire also flung an expletive at gold speculators. In an episode of the “Club Random” podcast hosted by comedian Bill Maher and set to air Monday, the owner of the NBA team Dallas Mavericks provided his thoughts on… Source link

Monero (XMR) is a peer-to-peer digital currency that focuses on privacy and anonymity. Monero seeks to conceal blockchain transactions in order to shield data from public scrutiny. Monero is considered a more anonymous or privacy-oriented digital currency, as a transaction on its blockchain cannot be attributed to a specific user or real-world identity. advertisement Monero’s Future Outlook With a market cap of $2.6 billion, XMR is currently trading at $145.50. Its prices have… Source link

As crypto enthusiasts look forward to a New Year, there’s the hope that 2023 will be a better year than 2022. Maybe there were some profitable moments in 2022, but overall, it was disastrous for the landscape and the people invested in it. The market was very volatile, and several events took a toll on the market, like Russia’s war on Ukraine, the LUNA crash, and the most recent FTX collapse. All of these are drivers of negative sentiments for the market; however, things are looking good… Source link