• In the latest announcement, Stellar Lumen has launched the Stellar Asset Sandbox to make it easier for users to issue, mint, and burn new assets using the Stellar testet network.

This week was a dramatic one for the crypto industry as the major assets moved to and fro on the price curve and also announced some incredible development across the crypto sphere. This features some heavyweights including Ripple, VeChain, IOTA, Dogecoin, and Stellar Lumen which saw marginal falls in the market in the last 24 hours despite making huge news in the mainstream media. 

Ripple (XRP) price to go 10x after win over SEC, floats a $250M creators fund

Ripple Labs’ win over the US Securities and Exchange Commission (SEC) in the ongoing lawsuit could trigger a 10 times price surge facilitated by its use of tokenization. It is important to note that the XRP Lenger (XRPL) is the first blockchain to assist tokenization for several assets within the category of NFTs, Stablecoins, and cryptos. Considering that the value of tokenization is expected to hit $1 trillion by 2024, XRP could be a huge beneficiary. 

Ripple has also launched a whooping $250 million creator’s fund in a bid to get NFT artists to draft their collections to the XRP ledger. The company has long sought to explore ways to facilitate the growth of the Ripple ecosystem, and this could be possible by bringing talented developers and creators on board. It is reported that the beneficiaries will be defined by those with NFT utility and community engagements while having little to do with location. Application for the third wave is closed with the fourth expected to be opened soon. Beneficiaries of the second wave of the fund were announced in October last year.

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Dell partners with IOTA to bring sustainable energy uses to the digital cities

IOTA Foundation has in partnership with Dell Technologies sought to bring sustainable energy use cases to digital cities in a bid to transform Urban Mobility using Intelligent Security systems (ISS). According to the report, the solution would make use of the combined approach featuring video recordings, analytics, and control center modules that run on a dedicated computer environment. One merit of this partnership is the cost-effective path for proper traffic management while taking note of the citizens’ safety. 

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Doge community awaits Elon Musk to push Dogecoin again as Twitter launches new ad share model

The Dogecoin community has maintained its excitement since Elon Musk took over Twitter in a pretty interesting fashion. Financial Times reported that Elon Musk wants fiat currencies to be used as Twitter’s primary payment method.

However, he wants engineers to make it flexible for crypto payments to be added in the future. Dogecoin investors have been more excited as Twitter rolls out a new ad share model. Elon Musk Tweeted that part of the revenue generated from advertising on the platform would be handed over to creditors. Many crypto enthusiasts are certain that this could accelerate the implementation of digital assets on Twitter. It is expected that once payments begin to be processed, fiat and cryptos could be added to the platform. 

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Stellar Lumens introduces a groundbreaking tool to issue, mint, and burn new assets on the XLM blockchain

In the latest announcement, Stellar Lumen has launched the Stellar Asset Sandbox to make it easier for users to issue, mint, and burn new assets using the Stellar testnet network. This does not need any coding knowledge. In addition, it also makes asset issuance easy for businesses and individuals. This development means users can create, issue, and manage the digital representation of fiat on the network. Using Steller’s custom and compliance tools, users can tokenize assets such as CBDCs, stablecoins, and securities. 

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VeChain announces new major partners that will take digital ecosystems to the next level

Source: Diego Ioppolo – Shutterstock

At the beginning of this month, VeChain launched a sustainability and Web3-focused IRL event called HiVe, which is expected to take place in March 2023. This would take over the VeChain summit which last occurred in 2019. Part of the idea is to foster collaboration across the Web3 community. VeChain has also partnered with the United Nations to realize the 17 sustainable development goals (SDGs) established by the UN.

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Der Beitrag CNF Brief: 6 of the biggest headlines in past week – Ripple, VeChain, IOTA, Dogecoin and Stellar Lumen  erschien zuerst auf Crypto News Flash.

All eyes in the Dogecoin community are now on Elon Musk. Lovers of Dogecoin are quite expectant that Dogecoin will be rewarded in due time, as Twitter rolls out a new feature.

Part of the revenue that is generated from Twitter advertisements will soon be made available to creditors according to Elon Musk’s tweet.

“Starting today, Twitter will share ad revenue with creators for ads that appear in their reply threads.” Elon Musk wrote in a tweet that has sent Twitter users over the moon. No further information has been shared so far, but creators are looking forward to Elon Musk and the Twitter team disclosing what the exact amount will be.

It’s important to keep in mind that accessibility is limited and exclusive to a select few. “To be eligible, the account must be a subscriber to Twitter Blue Verified,” Slon Musk said in another tweet.

Elon Musk has also clarified what Twitter users should expect from Twitter blue. Raising concerns about the dangers that could arise from the new development, one Twitter user asked Elon Musk about what happens to accounts that were verified before, then later signed up for Twitter blue, and later unsubscribed.

Elon Musk who seems to think that Twitter blue cannot be trusted responded to the comment. He’s quoted saying that “Twitter’s legacy Blue Verified is unfortunately deeply corrupted, so will sunset in a few months”

Dogecoin lovers maintain excitement for the weeks ahead, hoping that Twitter will eventually adopt Doge

There’s been a collective expression of positivity from a lot of users since Musk made the tweet. The tweet from Musk has elicited several responses from big names.

The likes of  Mr. Beast and other big personalities are responding positively. Lex Friedman, a well-known crypto podcast host is hopeful too. He anticipates that more important content and less drama will follow as a result.

Creators are looking forward to the possible advantage that the new model will bring to all Twitter users. For the crypto ecosystem, this is another signal that crypto is on its way to Twitter. Once payment begins to go out to Twitter creators, fiat and other cryptocurrencies, as Elon Musk had mentioned in the past, will be added to Twitter.

With Elon Musk being a known Dogecoin lover, the Dogecoin community is understandably eager to know when Doge finally becomes a payment option on Twitter.

Der Beitrag Community awaits Elon Musk to push Dogecoin again as Twitter launches new ad share model erschien zuerst auf Crypto News Flash.

Elon Musk, the Chief Executive Officer (CEO) of American electric vehicle giant, Tesla and the new owner of the micro-blogging site, Twitter Inc has announced a new Twitter Blue subscription, a move that may have an undertone for the crypto industry’s first memecoin, Dogecoin (DOGE).

Also, there will be a higher priced subscription that allows zero ads

— Elon Musk (@elonmusk) January 21, 2023

Since Elon Musk took over the ownership of the social media platform, he has introduced a number of initiatives that many proponents of the memecoin believe may turn out to fuel the growth of the coin. According to a tweet shared by Musk on Saturday, the subscription to Twitter Blue may be increased over time and will contain zero ads.

This will go a long way to cushion the dwindling ad revenue on the social media platform that has recorded an exodus of advertisers since Musk took over. The Twitter Blue subscription currently costs $8 per month and in a bid to bypass the charges usually imposed by the duo of Apple and Google for payments made through their App Stores, Twitter charges an extra $3 for the monthly subscription.

How Dogecoin can benefit in the long run

Elon Musk is undoubtedly the biggest supporter of Dogecoin, and it has been very obvious with a series of tweets and jingles to help prop up the price of the cryptocurrency. With plans to change the entire revenue stream of the social media platform, the idea is that the firm will soon incorporate Dogecoin into its payment rails so that the interested subscribers who own the memecoin can make payments through it.

Dogecoin was designed as a payment token but in its earliest days, its utility was limited to its use as a tipping coin for Twitter or other social media creators. Over the past few years, Dogecoin has increased in its overall relevance with a number of high-profile investors now supporting its accumulation.

Many more firms and establishments including Mark Cuban’s Dallas Mavericks accept payment for tickets and merchandise in DOGE. Before acquiring Twitter, Elon Musk also ensured that the memecoin is accepted as payment for Tesla products and also billed for embrace by Starlink, further helping to establish the foothold of the coin as a viable payment token.

Unlike Bitcoin (BTC) and even Ethereum (ETH) serves the same purpose, however, transactions conducted in DOGE take a relatively smaller gas fee when compared to the latter. With the plans to introduce a higher subscription for Twitter Blue, DOGE is on track to benefit immensely when it is finally pitched as a payment option.

How price might react

While Dogecoin may be underperforming at the moment when compared to other popular memecoins like Shiba Inu (SHIB) and Bonk (BONK), it has relatively decent volatility that has kept its community relatively well knitted together.

At the time of writing, DOGE is changing hands at $0.08905, up 3.43 percent over the past 24 hours and by 5.79 percent over the trailing 7-day period. Judging by its previous momentous price leaps, the coin will have a massive upshoot whenever Elon Musk gets to announce its integration as payment for the platform.

Der Beitrag Dogecoin-Fan Elon Musk announces new Twitter feature – Can it drive DOGE price? erschien zuerst auf Crypto News Flash.

A recent report has revealed that the popular memecoin Dogecoin (Doge), has emerged as one of the few cryptocurrencies that cut down on its carbon emissions significantly.

According to data from forexsuggest, Dogecoin managed to reduce its carbon footprint by 25% in 2022. All credits goes to Elon Musk, the CEO of Tesla, who is also a well-known Dogecoin proponent over the years.

Musk, who on different occasions, had branded Dogecoin one of the market’s most promising assets, took things a step further, as he made his plans towards making Dogecoin a more “transaction efficient” asset known in 2021.

Working with Doge devs to improve system transaction efficiency. Potentially promising.

— Elon Musk (@elonmusk) May 13, 2021

Thanks to the newly implemented improvements, Dogecoin is now one of the most efficient blockchains on the market. The data also revealed that emissions released in 2021 totaled 1,423, but later declined to 1,063 as of 2022. In the years ahead, we might also continue to see Dogecoin Blockchain record a higher decline in carbon emissions.

Notably, Ethereum and Bitcoin Cash also saw carbon emissions drop by -100 percent and -90 percent respectively. While other chains including Bitcoin, Cardano, Ripple, and Litecoin saw a rise in CO2 emissions, totaling 187%.

Will Dogecoin’s reduced Carbon footprints stir up a price rally?

According to a survey from 2021, 49% of investors claimed to be affected by Bitcoin’s impact on the environment, due to its high carbon emission levels.

The survey surfaced not long after Elon Musk disclosed that Tesla was suspending Bitcoin as a payment option due to energy concerns.

Tesla & Bitcoin pic.twitter.com/YSswJmVZhP

— Elon Musk (@elonmusk) May 12, 2021

Musk would later endorse Dogecoin as a more sustainable option for carrying out transactions. “…The total transaction flow that you do with Dogecoin, like transactions per day, has much higher potential than Bitcoin.” Musk remarked back in 2021.

With Dogecoin’s carbon footprints decreasing by 25 percent, while also being primed for continuous decline in the years to come, Dogecoin presents itself as a more attractive option for investors prioritizing clean energy.

Given that adoption could increase for this reason, Dogecoin’s price might be impacted positively in the future.

It also bears mentioning that Dogecoin might become one of the first cryptocurrency methods integrated into Twitter.

Although shortly after acquiring Twitter, Musk explained that he will be stepping down as the CEO of Twitter, he disclosed that cryptocurrencies might be accepted on the platform in the future. As Musk remains bullish on Dogecoin, the possibility that the memecoin debuts on Twitter is still high.

Der Beitrag Dogecoin carbon emissions down by 25% thanks to new Elon Musk collaboration – Will it drive DOGE price? erschien zuerst auf Crypto News Flash.

• As part of the process, the foundation would distribute 500,000 DOGE to the developers after the Dogecoin Core records a minor or major advancement.

The Dogecoin Foundation has announced a 5,000,000 DOGE ($360,000) development fund meant for developers who contribute to the ecosystem. According to reports, the funds would first be moved to a “segregated multi-signature wallet,” and would be run by members of the foundation. “chromatic (Dogecoin Core developer), Marshall Hayner, Patrick Lodder, Michi Lumin, and Ross Nicoll” would reportedly be in charge of its security. 

The DOGE held in this wallet will disburse rewards to developers of Dogecoin Core for work on all contributions, no matter how big or small.

As part of the process, the foundation would distribute 500,000 DOGE to the developers after the Dogecoin Core records a minor or major advancement. However, the actions of each contributor would determine the reward size, and the process would be completely transparent. 

The announcement further clarifies that custodians have no right to access the money in the wallet either as individuals or as a group. Also, a custodian cannot nominate their successor, but can only request secession for their slot. 

The remaining custodians shall publicly nominate a replacement and unanimously agree on the appointment of the successor. When this process is completed in full and a successor is appointed, the custodian is relieved of all duties.

In a situation where a custodian is not available without notice for at least three months, the others shall initiate a succession process. The affected custodian can only return to active duty after the succession process has been completed. 

Dogecoin Foundation welcomes Marshal Hayner to the Board of Directors

As part of the announcement, Marshal Hayner has been added to the Board of Directors.

We would also like to welcome Marshall Hayner to the Dogecoin Foundation board of directors at this time, his consistent commitment to the Dogecoin community and the development of Dogecoin has inspired many. Marshall brings executive and technical leadership experience to the Dogecoin Foundation and has been instrumental in creating this Core development fund.

The Dogecoin Foundation came back to life in 2021 after years of inactivity. The new advisory board was formed with the likes of Ethereum’s Vitalik Buterin, and Dogecoin’s Founder Billy Markus (Shibetoshi Nakamoto) forming part of the unit. 

In 2021, the Dogecoin Foundation collaborated with Vitalik Buterin to come up with a Proof-of-Stake-based community system. This triggered speculation that the ecosystem could be moving to the Proof-of-Work mechanism.

The Foundation is also working with Vitalik (Founder of the Ethereum blockchain) on crafting a uniquely DOGE proposal for a ‘Community Staking’ version of PoS that will allow everyone, not just the big players, to participate in a way that rewards them for their contribution to running the network, and at the same time gives back to the whole community through charitable causes.

Michi Lumin has, however, clarified that this is just a rumor, as the foundation has no plans to follow in the footsteps of Ethereum. 

The Doge community has shown some positive sentiments following the announcement with the price currently trading at $0.071. Regardless, it is still 90 percent down from its all-time high. 

Der Beitrag Dogecoin price explodes after huge development fund announcement – Report erschien zuerst auf Crypto News Flash.

Up till around June 2022, the Dogecoin ecosystem remained confident about DOGE’s price reaching the $1 level before December 2022. Their confidence further rose when Matt Wallace, a popular Dogecoin influencer, forecasted that DOGE would trade at $1 by the end of 2022.

He was so confident in his prediction that he revealed to the popular news outlet Watcher Guru in an exclusive interview that if DOGE doesn’t trade at $1 by December 2022, he will delete his YouTube account.

I am so confident #Dogecoin will pass $1 by the end of the year, that I will delete my YouTube channel if it does not.

— Matt Wallace (@MattWallace888) June 15, 2022

However, it’s now January 2023, and DOGE has yet to trade at $1. Instead, it currently trades at $0.07, according to to our data. In addition, it is nearly 90.5 percent off its peak price of $0.73, which it set in May 2021. Many members of the Dogecoin community hope that Elon Musk’s DOGE-1 mission might push DOGE’s price to $0.5. However, time will tell whether DOGE will trade at $0.5 after Musk’s DOGE-1 mission.

No launch date yet

Unfortunately, Elon Musk hasn’t shared any possible date of when the launch will likely happen. Also, the SpaceX team has yet to release any official statement regarding the launch. The only hint of a possible launch date has been from Dogecoin’s UI/UX designer, who recently tweeted that the space mission launch should happen on or before March 2023.

He added that the mission would be the first space mission with full funding through any digital currency. If his words were true, the space launch should happen in the next 100 days or less than three months from today. Nevertheless, there is still no official statement from SpaceX to confirm or deny the date.

DOGE-1 Mission will launch no earlier than March 2023, as confirmed by @SamuelReidGEC @GeometricEnergy @YourTimeInSpace

This mission is completely funded by Dogecoin, thus becoming the first space mission funded by a cryptocurrency. pic.twitter.com/cMWk0yL9lF

— DogeDesigner (@cb_doge) December 31, 2022

DOGE’s price prediction after space mission launch

However, the real question is, what happens to DOGE’s price after the space mission launch? While it is likely that DOGE’s price will rise following the launch, it is unlikely to hit the $0.5 price mark as the hype surrounding this digital asset has reduced significantly worldwide. Furthermore, analysts predict that the global financial market downturn will continue this year. Hence, the prices of cryptos and stocks will continue to decline.

Hence, it is unlikely that DOGE’s price will trade at $0.5, even though there is no doubt that the space-1 mission launch will be a topic of hot debate in the crypto space. Even though it crossed the $0.5 price level during its famed bullish run in 2021, most DOGE investors are currently in debt, as each of their Dogecoins is worth less than $0.1.

DOGE can only trade at $0.5 if it surges by 835 percent after the space mission launch. However, the ongoing crypto bear market makes this projection an unlikely possibility. Nonetheless, the Dogecoin community can hope that other project developments related to Dogecoin can cause a rise in the value of the network’s native currency.

Der Beitrag Dogecoin: Will DOGE reach $0.50 after the space mission is launched by Elon Musk? Report erschien zuerst auf Crypto News Flash.

SHIB supporters might have received an early New Years’ present, following a recent announcement. Shytoshi Kusama revealed that Shibarium will be launching very soon.

Shytoshi Kusama, the project lead, made this known in a recent tweet, which has spurred optimism among Shib community members, who had long been requesting a release date.

Kusama disclosed that he met with team members at UnificationUND, concerning the Shibarium, which has been highly anticipated by market participants since September 2022.

He also added that the developer team is carrying out onboarding, as well as alignment. He then concludes that the finalization process will take place sooner than later.

Love meeting with the team from @UnificationUND about #Shibarium. Aligning. Onboarding. Finalizing. Soon. Very soon.

— Shytoshi Kusama™ (@ShytoshiKusama) December 29, 2022

Back in June, UnificationUND, the builder of Shiba Inu’s layer-2 scaling solution, announced that public beta testing for Shibarium was to commence within the 3rd quarter of 2022.

The Shib community expressed disappointment as plans for the major release fell through. Community members collectively requested clarity, as the market entered the 4th quarter of the year, without any form of testing going live.

Unification later explained that despite the release date being a constant topic of conversation among developers, working hand in hand with team members to maintain the product’s core value was top of its priority list. Unification stated in a previous blogspot;

Although the question of the release date of this project is something we hear and consider daily, it’s much more important for us to work with and support the team to ensure the most secure, usable vision and accompanying product possible.

Unification also added that at the time, the internal alpha was also constantly being optimized on a daily basis, and hopes that the expectations of the audiences anticipating the beta release are met once it goes live.

SHIB knocks out Dogecoin, soars over 28% in December alone

Shiba Inu’s price reacted positively to the announcement, as Shib bulls sent prices to new levels. Shiba Inu (SHIB) saw daily gains rise by 5 percent shortly after the announcement hit Twitter.

The price upswing, which might or might not be temporary, is reassuring for market players who predict that the launch of Shiba Inu’s layer-2 scaling solution will drive more adoption, and trigger Shib bulls to hit new price levels in the future.

It is worth noting that SHIB has seen a meteoric price surge since the start of December. SHIB has also managed to stay ahead of Dogecoin, another popular memecoin in the altcoin market. In this month alone, SHIB has soared above 28 percent, against its rival Dogecoin (Doge).

At the time of this report, SHIB is valued at a price of $0.000008118.

Der Beitrag Shiba Inu: Lead developer and UnificationUND hold meeting to finalize Shibarium – Will SHIB price react? erschien zuerst auf Crypto News Flash.

Dogecoin developers have denied the news making the rounds that the network will be switching to a PoS network soon. Instead, the developers clarified that they would submit a proposal. The Dogecoin foundation’s principal engineer, Michi Lumin, tweeted about the denial on Thursday via his official Twitter account.

More info for ya. Influencers, even if they have millions of views and followers, even if they speak with authority, do not actually have the inside scoop on what's going on with #dogecoin. Just because one says a validation method is changing, doesn't mean it is.

— Michi Lumin (@michilumin) December 29, 2022

According to Lumin, the Dogecoin foundation can’t upgrade the network without receiving approval from the network’s validators. He further explained, saying, “no organization or individual can switch Dogecoin to PoS. The maximum they can do is to provide the validators and the community with an outline, possibly a code outline. Hence, it is ridiculous that people say Dogecoin is switching to a PoS. That’s not how this network runs. We don’t do things by authoritativeness or force.”

Spreading rumors for views and followers

Lumin added that those spreading the rumors were doing so to get more views or follows on their social handles. Lumin’s last statement was an apparent jab at Rabid Mining, a YouTube channel that first published the ‘news’ on Wednesday. The channel titled the video “What if Dogecoin moves to PoS?” and shared the video on Twitter and Reddit before it went viral.

One Redditor commented that a Dogecoin switch to PoS will cause at least a 60% profit reduction for scrypt miners.

DOGECOIN Wants To Merge To POS This Will Kill Scrypt miners Profits By Over 60% https://t.co/XRZRi7GT3f@dogecoin #doge #asicmining #crypto #cryptos #cryptomining #passiveincome #bitmain #cryptonews #Dogecoin #Vitalik

— Rabid Mining (@MiningRabid) December 28, 2022

The video didn’t specify that the Dogecoin team would forcefully switch the network to a PoS. Instead, it assumed that the Doge foundation might make a move since Ethereum CEO, Vitalik Buterin, is one of the foundation’s advisors. Also, the video warned that no one should buy scrypt miners since a PoS switch means the end for scrypt miners.

Furthermore, Rabid Mining predicted that Dogecoin would make the switch quickly. The YouTube channel claims to be confident about the information citing an October news article where the article claimed that a Dogecoin PoS proposal is in the works. Rabid Mining added that the Dogecoin foundation website had previously discussed this proposal. Nevertheless, Lumin’s tweet proves that a PoS upgrade is inevitable.

Doubts regarding Dogecoin’s PoS implementation

Even though the Dogecoin team has denied Rabid Mining’s news, industry analysts have doubts about implementing a PoS switch for Dogecoin. According to the analysts, there should be a test chain before the complete upgrade to a PoS. For instance, the beacon chain was Ethereum’s test chain before its switch to a proof-of-stake.

Using the beacon chain, Ether users transferred their ETH to a new PoS from the old proof-of-work (PoW). Ethereum developers didn’t complete a final merge of the two networks until many users successfully used the new chain. Yet, some miners ‘hard-forked’ the old Ethereum PoW network and called it ETHW because they disliked the upgrade.

However, the completion of the merge resulted in a 65 percent drop in the ETHW’s price. This price decline resulted in declining mining profits, forcing some miners to shut down their operations. A 2miners.com chart showed the declining rate in the ETHW hash rate.

Nevertheless, time will tell whether Dogecoin will also use the process to make its switch or whether it will make a switch at all. However, the hot debate surrounding the rumored change proves that some Dogecoin community members do not want the proposed change.

Der Beitrag Dogecoin is not moving to PoS – False rumors in the community heated up discussion erschien zuerst auf Crypto News Flash.

2022 has been a year of the unexpected in the digital asset industry, and it’s fair to say any comparison can be a rational thing to do in this case. The crypto market’s bearish trend grabbed the headlines in the year so is Elon Musk, the ardent Dogecoin supporter who has been the most prominently featured personality in the news. Meme crypto assets like DOGE and SHIB occasionally react to Musk’s actions and activities.

However, the new Twitter owner could do little to influence the price of the assets in 2022. This year has been bloody for the two largest crypto tokens, Bitcoin and Ethereum, as they lost between 60-70 percent of their market value. The same can be said of other digital assets connected to the billionaire tech entrepreneur. Interestingly, the stock price of Musk’s electric car-making firm, Tesla, has dipped 64.42%.

Also, the prices of Dogecoin and Shiba Inu dipped 54.36 percent and 75.22 percent, respectively, in the same period. Apart from this, speculation is that Twitter may have snatched Tesla’s shine by taking most of Musk’s attention from his most important project. The reason for the rumor is that stocks from rival electric car manufacturers like Ford and General Motors outperformed that of Tesla in the same timeframe.

In a recent tweet, the co-founder of Epsilon Theory, Ben Hunt, noted that it sounds strange that only Tesla was impacted by the macroeconomic effect and not Ford or GM, with the two seeing a 1 percent and 8 percent increase while Tesla recorded a 41 percent decrease.

Is Twitter Responsible for Tesla’s Slump?

Following the billionaire’s completion of his Twitter takeover in October, Tesla’s share price witnessed a market free-fall in the same period, which makes observers note that Tesla might be struggling to share Musk’s influence with another firm. In a rather unusual remark, the CEO of Gerber Kawasaki Wealth Management, Ross Gerber, disclosed that the Tesla stock fluctuation reflects that of a company with no head.

According to Gerber, Tesla may need some assurances from Musk to put things in order when he returns from Twitter. However, Musk did not hesitate before responding to Gerber’s remarks by requesting that the latter go back and consult his Securities Analysis elementary texts.

What Next for Dogecoin, Tesla, and Shiba Inu

It is difficult to say what is the next step for the three Musk-linked entities, but things might change for the better in the coming days. Meanwhile, Musk is seeking a new CEO for Twitter after he conducted a poll where most respondents want him to step down. If Musk can take charge of only the software and server units on Twitter, he may have the time to focus on his other company.

As for Dogecoin and Shiba Inu, 2022 indicates that the billionaire alone cannot do it all, and they will have to put in the work in 2023 to avoid sinking further.

Der Beitrag Who performed better in 2022? Shiba Inu vs Dogecoin vs Tesla – Report erschien zuerst auf Crypto News Flash.

The price of crypto assets is witnessing a boost, with some top coins rising in the past 24 hours. Despite their previous slumps, the two leading digital assets, BTC and ETH, are on a decent surge. At the time of writing, DOGE saw a massive 6.50 percent jump, with ADA recording a 2.60 percent rise, followed by LTC with 1.01 percent.

Also, AVAX is included in the party as it experienced a jump of 1.18 percent. A further evaluation of the price uptrend shows that BTC has increased by 1.1 percent over the past 24 hours, with Ethereum climbing by 2.5 percent within the same period. However, the Binance native token, BNB, also rose by 1.5 percent despite the fear, uncertainty, and doubt (FUD) that continues to surround the largest crypto exchange.

On the other hand, Ripple’s XRP spiked by 2.1 percent, with Polygon seeing a 2.8 percent rise in the latest price rally. Furthermore, the broader crypto market capitalization has recorded a slight increase of 1.3 percent in the past 24 hours and now stands at $844.86 billion. Additionally, the total trading volume for the crypto market soared compared to December 22, which currently stands at $38.09 billion.

Top Crypto Tokens by Trading Volume

Dogecoin

The largest meme digital currency takes another step in its attempt to pull itself up by adding 2.5 percent over the past 24 hours. DOGE’s market cap currently stands at $10.225 billion. Per CoinMarketCap data, DOGE currently trades at $0.07707.

Cardano

Cardano’s ADA has seen a price jump of 2.99 percent, with a current market cap of $8.91 billion. Moreover, the ADA token is changing hands at $0.2582 with a 24-hour trading volume of nearly $204 million.

Litecoin

For Litecoin, its LTC token recorded gains of 0.94 percent over the past 24 hours. Litecoin’s market cap currently stands at $4.71 billion. LTC’s 24-hour trading volume also surged and stood at $346 million, with the token currently trading at $65.58.

Avalanche

Avalanche’s AVAX token has had a relatively quiet year so far. However, the token has joined other assets in moving to the green zone by increasing to 2.33 percent over the last 24 hours. The token’s market capitalization stands at $3.67 billion. AVAX is up 2.33 percent over the last 24 hours and trades at $11.81.

Is the Bear Trend Over?

The latest price surge offers a significant boost to the market, considering the bearish trend that has enveloped the crypto space for most of the year. Meanwhile, the recent gains don’t mean the bearish situation is over. Given the current conditions, the market is still far from entering a bullish rally.

With the prices of most of the top crypto assets shrinking for most of 2022, it will take some time for prices to stabilize on a broader scale. Meanwhile, the latest price rally is exciting news for investors as it signifies the market is testing its way back to bullishness.

Der Beitrag Dogecoin jumps by 5%, Litecoin and Avalanche are up too – Crypto market overview erschien zuerst auf Crypto News Flash.