Monat: Januar 2023

• The Lido DAO Token price has risen by 14.62%, in line with a prediction made yesterday.
• The current price of the LDO is $2.64, with a 24-hour trading volume of $484.22M and a market capitalization of $825.92M.
• The price of LDO has increased by 174.25% within the last month and 2% within the last 24 hours.

The rise of the Lido DAO Token has been gaining a lot of attention in recent days, as the price has been steadily increasing. A prediction made yesterday suggested that the Lido DAO Token could hit 14.62%, and today that prediction has been proven correct.

At the time of writing, the Lido DAO Token price has risen to $2.64, up from $2.46 yesterday, with a 24-hour trading volume of $484.22M, an 825.92M market capitalization, and a 0.088% market dominance. This is a significant increase from the past month, with the coin’s value increasing by 174.25%. It is even more impressive when compared with Ethereum and Bitcoin, with the LDO gaining 105.86% and 101.41%, respectively, against them.

The LDO stock is currently up 2.90% from its open price of 2.52, and is attempting to move up again after dropping to 2.48. Over the past 30 and 7 days, the price has increased by 2% and 193% respectively. If the coin stays on this path, it is likely that it will reach the predicted 14.62% increase.

In order to help investors make wise decisions, a price prediction was made. This prediction takes into account the current market conditions and can help investors decide when is the best time to buy or sell the LDO.

The Lido DAO Token is currently being traded on 27 exchanges, with a circulating supply of 824 million coins, and a market capitalization of $1.4 billion. With the impressive price increases that the LDO has seen in the last month, it is likely that the coin will continue to increase in value. Therefore, the 14.62% prediction is likely to be met in the near future.

• A hacker has exchanged $150 million worth of Ethereum (ETH) into staked coins
• The hacker used a decentralized exchange (DEX) and cycled funds around different DeFi protocols
• The hacker was able to perform the swaps through OpenOcean, a DEX aggregator

A recent activity that has caught the attention of the crypto world is the exchange of $150 million worth of Ethereum (ETH) into staked coins. This was done by a hacker who is believed to have stolen $323 million worth of ETH from Wormhole, a cross-chain protocol. The theft, which occurred in 2022, is one of the biggest of its kind to date.

The hacker’s activity was first highlighted by Twitter user @Spreekaway on Monday, January 23, when he noted that the hacker had converted his ETH to wstETH and was going to borrow DAI against it. Records on Etherscan showed that the hacker had transferred the funds onto a decentralized exchange (DEX) and then went on to cycle funds around different DeFi protocols.

The series of swaps started as the hacker address consolidated Ether before starting off a swap for 95,630 ETH ($157.2 million) into the staked ether (stETH) through OpenOcean, a popular decentralized exchange (DEX) aggregator. OpenOcean is a DEX aggregator that enables users to access multiple DEXs from one platform, allowing them to compare prices and liquidity across all exchanges in real time.

The hacker then swapped the stETH for 86,473 wrapped summer tokens (WST) and moved the tokens to Uniswap, a decentralized exchange. The hacker swapped the WST for Dai (DAI), a decentralized stablecoin, and then moved the DAI to MakerDAO, a platform for creating and managing Dai. MakerDAO is also a decentralized lending platform, and the hacker borrowed DAI against the ETH he had staked.

Finally, the hacker moved the remaining ETH to an address that is believed to be controlled by the hacker, thus completing the series of swaps. The hacker was able to successfully exchange $150 million worth of ETH into staked coins and other DeFi protocols.

Although the exact motives of the hacker are not known, it is believed that the hacker wanted to take advantage of the staking and DeFi protocols to maximize his gains. The hacker was able to exploit the DeFi protocols and make a significant profit from the swaps. This incident serves as a reminder of the importance of staying vigilant and secure when it comes to crypto transactions.

• Celo was trading with a bullish bias around $0.754 as buyers focused on undoing last week’s losses.
• A bullish cup-and-handle chart pattern has set CELO up for a 43% upswing to $1.08.
• Support levels include the $0.60 psychological level, the 100-day SMA at $0.587, the 50-day SMA at $0.563, and the major demand zone at $0.48.

The altcoin Celo has been trading with a bullish bias lately, with buyers focused on undoing the losses it suffered last week. After being rejected by the $0.766 resistance level, the price of Celo dropped as much as 41% to the $0.45 support level. However, this dip offered late investors a chance to acquire the altcoin at a discount and gave way to a recovery that has lasted for over two weeks.

This price action has resulted in the emergence of a bullish cup-and-handle chart pattern, which is often seen as a sign of an impending rally. At the time of writing, Celo is trading above the $0.735 demand zone, and is being embraced by the 200-day simple moving average (SMA). The next line of defense on CELO’s downside is the 100-day SMA, which is currently at $0.587. Additional support levels would emerge from the 50-day SMA at $0.563 and the major demand zone at $0.48.

The Moving Average Convergence Divergence (MACD) indicator is also moving up, indicating that buyers are in control of the market. This bullish setup implies that Celo could be in for a strong rally in the near term, with the altcoin potentially eyeing a 43% upswing to the $1.08 resistance level. However, if the selling pressure increases, then the altcoin could be pushed back below the $0.735 demand zone, which could invalidate the bullish setup.

Overall, the technical analysis of Celo indicates that the altcoin is primed for a rally in the coming days. With a strong support base and a bullish trend in place, investors should keep an eye on the altcoin as it could be in for a strong upswing.

• AGIX price has seen an impressive rally of 300% to trade at $0.1895 at the time of writing.
• Attention has shifted to AI-related crypto projects such as SingularityNET (AGIX) after Microsoft announced its intent to invest huge sums of money in OpenAI.
• Blockchain projects developing artificial intelligence solutions have been at the focal point of investor interest lately, with tokens like Fetch.ia, VeChain, DeepBrain Chain and Ocean Protocol reaping big as investors rush to book positions.

The value of the AGIX token has seen a remarkable surge in recent weeks, with its price rising by nearly 300% to trade at $0.1895 at the time of writing. This surge in value has been largely driven by the increased attention surrounding AI tools such as ChatGPT, which have sparked interest in the blockchain-based artificial intelligence sector of the crypto economy.

Investors have been particularly drawn to AI-related crypto projects, with SingularityNET (AGIX) standing out amongst them. As a result, the trading volume for AGIX remains relatively high with around $78 million coming in over the last 74 hours. This surge in attention has seen other tokens such as Fetch.ia, VeChain, DeepBrain Chain and Ocean Protocol all benefit, with investors rushing to book positions in anticipation of further bullish projections for the sector.

The increased attention surrounding AI-related blockchain projects is largely due to Microsoft Corporation’s plans to invest at least $10 billion in OpenAI, the startup building the popular search tool ChatGPT. This announcement has had a large impact on the performance of AGIX and other tokens as investors anticipate further developments in the AI space.

Overall, the performance of AGIX and other tokens in the AI-related blockchain sector has been impressive in recent weeks, with investors keen to get in early on the potential of this growing sector. With Microsoft’s plans to invest in OpenAI and the continued attention surrounding ChatGPT, the future of the AI-related blockchain sector looks bright.

• Environmentalists have filed a lawsuit against the New York Public Service Commission (PSC) for allowing the takeover of a bitcoin mining plant in the state.
• The plant was slated to be taken over by the Canadian cryptocurrency mining company Digihost and is situated in Tonawanda, a town less than 10 miles from Niagara Falls.
• The lawsuit asserts that the Fortistar plant was only used when there was a significant demand for energy and that environmental reviews were required by New York state when considering projects.

Environmentalists in New York have filed a lawsuit against the New York Public Service Commission (PSC) for approving the conversion of the Fortistar North power plant into a crypto-mining facility. The plant, which is situated in Tonawanda, a town less than 10 miles from Niagara Falls, was slated to be taken over by the Canadian cryptocurrency mining company Digihost. The case was filed on January 13th, and it argues that the approval violates the 2019 New York climate law.

The Climate Leadership and Community Protection Act (CLCPA) contains a number of objectives, including achieving zero-emission electricity by 2040 and a reduction of 85% of state-wide emissions by 2050. Environmentalists argue that the Fortistar plant was only used when there was a significant demand for energy, such as during severe weather. However, the location would operate around-the-clock as a crypto mining facility, producing up to 3,000% greater greenhouse gas emissions.

The lawsuit is being filed by Earthjustice on behalf of the Clean Air Coalition of Western New York and the Sierra Club. They are asserting that environmental reviews were required by New York state when considering projects, and that the PSC failed to take this into account when approving the takeover. The PSC approved the conversion of the Fortistar North power plant into a crypto-mining facility in September 2022.

This case is yet another example of the tension between the need to protect the environment and the desire to support technological advancement. Cryptocurrency mining is an energy-intensive process, and many have raised concerns about the environmental impact of such operations. This lawsuit is an important step in ensuring that the environment is protected while allowing innovators to make advances in the field of cryptocurrency.

• Ethereum Shanghai upgrade’s public testnet is anticipated to go live in February
• Its mainnet deployment is scheduled for March
• Developers decided to abandon any Ethereum Improvement Proposals (EIPs) associated with EOF

Developers of Ethereum have announced that the public testnet for the Shanghai upgrade will be launched at the end of February, with the mainnet deployment scheduled for March. The upgrade will prioritize withdrawals of staked Ether, and the developers are removing any proposed code modifications that would otherwise delay the timeline.

This announcement was made during the inaugural All Core Developers Call (ACDC) for 2023. Christine Kim, a research associate at the financial services and investment management firm Galaxy Digital, participated in the call and reported the findings in a study for Galaxy. According to Kim, developers reiterated their commitment to launching the public Shanghai testnet in early February.

The Ethereum code execution environment known as the Ethereum Virtual Machine (EVM) Object Format is referred to as EOF. The developers decided to abandon any Ethereum Improvement Proposals (EIPs) associated with this format due to the prioritization of withdrawal of staked ETH in the upgrade.

The Shanghai upgrade is an important step for the Ethereum network, as it will bring about an array of improvements to the blockchain platform. This includes more efficient gas usage, lower transaction fees, and faster block times. Furthermore, the upgrade will introduce a new consensus mechanism known as “proof-of-stake”, which will replace the existing “proof-of-work” system.

The launch of the Shanghai upgrade’s public testnet is an exciting development and a major milestone for the Ethereum network. With the testnet expected to go live by the end of February, the mainnet deployment in March will be one to watch out for. For now, developers are hard at work ensuring that the upgrade is as smooth and successful as possible, and that all necessary tweaks are made to ensure its long-term success.

• Zilliqa (ZIL) has seen a strong start to the year, with a 10.93% jump and a 24.15% surge.
• The 20 day, 50 day, and 100 day EMAs are arranged in ascending order, reinforcing bullish sentiment.
• The RSI is currently in oversold territory, suggesting a possible retracement before further price rises.

The start of 2023 has been an incredibly encouraging period for Zilliqa (ZIL) holders. After six consecutive daily green candles, ZIL has seen a 10.93% jump and a 24.15% surge, demolishing both the 20-day and 50-day EMAs. Prices have continued to climb with an impressive 18.67% rise as of writing. This demonstrates the bullish sentiment across the short, medium, and long-term, as the 20 day, 50 day, and 100 day EMAs have arranged themselves in ascending order; the shorter duration of EMA should be above its longer-term counterparts.

The Relative Strength Index (RSI) is currently in oversold territory at 80.44, suggesting a possible retracement and a consolidation before moving up further. The Moving Average Convergence Divergence (MACD) is in a bullish crossover position with the MACD line breaking out from the zero line due to the recent strong upward trend. The MACD is healthy with a steady and gradual increase in the histogram.

Given the strong performance of ZIL in the past two days, many traders are optimistic about its future price potential. The cryptocurrency market is notoriously unpredictable, however, so investors should always proceed with caution and conduct their own research before making any decisions. It is also important to remember that the volatility of the market can cause extreme price movements, so it is important to be prepared for both ups and downs.

Overall, ZIL has shown an encouraging start to the year and has demonstrated its bullish sentiment across the short, medium, and long-term. Investors should keep an eye on the cryptocurrency and be aware of the risks associated with investing in the volatile crypto markets.

• Aptos (APT) is currently trading at $3.38 and has seen a 6% gain in the last 24 hours.
• The token has traded between $3.17 and $3.42 in the last 24 hours, showing mild volatility.
• If APT continues to rally, it may test a seven-day high of $3.42 and potentially gain past $3.50.

Aptos (APT), a cryptocurrency token, is currently trading in the green zone today. According to data from CoinGecko, the token has seen a 6% gain in the last 24 hours and is currently trading at $3.38. This gain follows a major decline that saw the token lose 10% of its value in the last seven days.

Interest in the token has been increasing as buyers seem to be buying at low prices and anticipating a price gain. In the last 24 hours, APT has traded between $3.17 and $3.42, pointing to mild volatility. It has also reported trading volumes of over $94 million and has a market capitalization of over $438 million, making it the 74th largest cryptocurrency by this metric.

If APT can keep up this rally, it may test the seven-day high of $3.42 again before aiming for gains past $3.50. Intense buying pressure could push the prices past $3.76, and if market support is also seen, gains past $4 may be on the way. On the other hand, a lack of market support could trigger a price decline that will see APT testing levels below $3.20. This could potentially lead to a new all-time low for the token, as it registered an all-time low of $3.08 on December 29. The token has dropped by 75% from an all-time high of around $13, created two summers ago.

Analysts are closely watching the APT token as it may offer a glimpse into the future of the broader cryptocurrency market. If the token can shrug off the bearish sentiment and rally, it may have a positive effect on other tokens in the market. On the other hand, if the token continues to drop, it may be a sign of further losses in the cryptocurrency market.

• Terra Luna Classic has been struggling since its collapse, with investors sharing a concern for the coin’s future.
• The team behind the project is attempting to get the token back to its previous glory, with a target of getting the token past $1.
• Binance has offered to work with Terra in an attempt to reduce the circulating supply of the token.

The future of Terra Luna Classic has been in question since the token’s collapse a few days back. After an optimistic upwards rally, the coin’s price took an unexpected 28% drop, leaving investors with a feeling of uncertainty and concern. The team behind the project, however, is doing everything in their power to get the token back to its previous glory. With a current target of getting the token past $1, the company has resorted to multiple solutions, including partnering with Binance.

Binance has offered to help reduce the circulating supply of the token, with a LUNC burn program that initially burned 100% of the spot and margin fees until recently. This number has since shifted to 50%, which will not be enough to get the token to its target value of $1. The total supply needs to be around 880 million, compared to the current 6 trillion. In an effort to receive more community support, the company has been trying to find other solutions that can help increase the burn rate.

The team behind Terra Luna Classic is doing everything in their power to get the token back to its former glory. However, the future of the token is still uncertain, with investors having to wait and see what the project will come up with. It is important to remember that the token is still in its infancy and that all investments should be made with caution. With any luck, the token will be able to make a comeback in the year ahead.