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According to blockchain services, the value of the Solana token (SOL) continued to fall as of December 29, 2022. The price of the virtual currency has lost 5.85% over the past day, and has decreased by 22.5% in total over the past week. The digital asset was available for purchase at $9.43.
The number of access points of the decentralized IoT Helium network is approaching 1 million. The new type of communication is already available in 187 countries.
Chinese journalist and financier Colin Wu reported that the asset management platform Matrixport has decided to delist products related to Solana. The company, founded by entrepreneur Jihan Wu, announced that on December 30, 2022, the delisting of two-currency investment instruments SOL and SOL-U will take place on the site.
After the collapse of the FTX cryptocurrency exchange, the market continued to experience even more difficult times. As of December 29, 2022, many virtual currencies have lost significantly in value over a distance of one month. Despite the fact that it seemed that the consequences of the FTX liquidity problem made themselves felt back in November, even a month later there were a lot of digital assets whose quotes continued to fall rapidly.
The market value of stablecoins continues to decline, and since January 2022, $28.08 billion has left the stablecoin market. Archival data show that on January 5, 2022, the economy of stablecoins was estimated at $167.08 billion, and today it is estimated at $139.06 billion, or 16.77% lower than in the first week of the year
According to the data of the analytical company Santiment, the Litecoin (LTC) rate has been growing rapidly since the number of large addresses began to grow. The relevant indicator here is the "Litecoin supply distribution", which tells us how many addresses (or holders) belong to each group of wallets on the market currently
The value of the Dogecoin cryptocurrency (DOGE) fell by 58% in 2022. This coin was among the altcoins that suffered the least losses over the past 12 months.
After the transition of the Ethereum (ETH) blockchain to the PoS consensus algorithm, the cryptocurrency's inflation rate decreased by 99.6%.
According to the ultra sound money service, now the ETH inflation rate is 0.014% per year. When the network was running on the PoW consensus algorithm, this figure reached 3.58%.
In December 2022, cryptocurrency whales actively got rid of Ethereum (ETH) and sold coins worth about $ 1 billion.
From a fundamental point of view, the Ethereum network is in great shape. However, forecasts for the ETH exchange rate do not yet share this optimism
It has already been 100 days since that momentous day when the entire Ethereum mainnet, as part of the long-awaited Merge update, moved from the extremely energy-consuming Proof-of-Work (PoW) mechanism to an energy-saving Proof-of-Stake (PoS) algorithm.
The fundamentals of Ethereum are strong, but analysts expect a further decline in the ETH rate.
The Ethereum blockchain has been in the best shape since its launch. 100 days have passed since the transition from Proof-of-Work to Proof-of-Stake. Today, the circuit is protected by almost half a million validators, and energy consumption has decreased by 99%. There are almost 16 million ETH worth $ 19 billion in staking, which is 13% of the total volume of coins.
Decentralization is an extremely sensitive topic for cryptocurrency enthusiasts, as it is the foundation of the entire blockchain industry, and if one of the largest ecosystems in the entire market is not properly decentralized, it can cause serious problems. Delphi Digital highlights an important issue related to the decentralization of the ether.
Popular cryptocurrency analyst Nicholas Merten warned about the upcoming fall of the Ethereum (ETH) exchange rate to $ 300.
Delisting of the second-largest cryptocurrency Ethereum from the Paxful crypto exchange split the crypto community into two groups: some supported the decision, others opposed it. The editorial board of BeInCrypto collected in one review the reaction of crypto investors to the delisting of ETH
The activity of the second-level networks is growing and has already surpassed the main Ethereum network in some indicators.
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