• Baby Doge Coin is a new crypto created by Doge meme lovers and has outperformed Shib Inu and Dogecoin.
• A recent Twitter poll showed that BabyDoge was the most favored coin for the upcoming bull run with 44% of the votes.
• The same result was also shared by the BabyDoge team, who recently successfully integrated their decentralized exchange into OKX exchange.

What Is BabyDoge?

BabyDoge is a new crypto created by Doge meme lovers which has been gaining attention due to its significant gains in the past few days. It currently trades at $0.000000003202 with a surge of 10.34% over the last 24 hours outperforming both Shiba Inu and Dogecoin. Recently, it’s decentralized exchange, BabyDoge Swap was successfully integrated into OKX exchange.

Twitter Poll Reveals Next Bull Run Favorite

A recent Twitter poll conducted by Cointelegraph revealed that BabyDoge is the favorite coin for the upcoming bull run with 44% of votes from 35,000 people who participated in this poll, leaving behind SHIB, FLOKI and Dogecoin which had 25%, 20% and 12% respectively in terms of popularity among voters. The same result was also shared by the BabyDoge team showing gratitude to the crypto community and Cointelegraph for their support.

Burning Of Tokens

The team behind BabyDoge have recently burned 202 quadrillion tokens from a total supply of 420 quadrillion tokens in order to increase its availability on exchanges as well as reduce its circulating supply to boost its price even further than before.

Risk Management & Technical Analysis

As always investors should do their research thoroughly before investing in any cryptocurrency or token as there are always risks involved when trading cryptocurrencies such as market volatility, security risks etc., which can only be avoided through proper risk management & technical analysis approach while investing in cryptocurrencies or tokens like BabyDogw Coin or others.

Conclusion

In conclusion, although results of polls are not final but they give us an idea about what people think about certain coins or tokens; thus helping investors make informed decisions regarding their investments & portfolio management strategies in order to maximize profits from cryptocurrency markets without taking too much risk.

• Aptos (APT) has seen its price increase by 400% over the last month, making it one of the best-performing cryptocurrencies in January.
• Experts have argued that the market is being manipulated due to the high trading volume seen on South Korean exchange Upbit.
• Traders should proceed with caution when investing in APT, as its price may be subject to sudden and significant price swings.

The cryptocurrency market has been relatively quiet over the past couple of months, with most coins seeing little to no movements. However, Aptos (APT) has been bucking the trend, with its price increasing by up to 400% over the course of the last month, making it the cryptocurrency that has performed the best so far in January.

This massive price spike has gained the distinction of being Twitter’s most reviled cryptocurrency pump, with many experts weighing in on the matter. According to Ran Neuner, a cryptocurrency expert and influencer, the manipulated nature of the APT trading volume on the South Korean exchange Upbit is a clear indicator that traders are manipulating the market.

Coingecko data has revealed that the APT/KRW trading pair on Upbit is responsible for more than 73% of the total amount of trading activity involving the coin. At the same time, the trading volume on Upbit has crossed $611 million, while the APT/USDT pair on Binance is staying at $327 million. This discrepancy has led experts to form the opinion that trading activity should not be trusted, as it is likely being driven by market manipulation.

Unfortunately, Aptos‘ price is difficult to forecast since there are currently no stable fundamentals supporting the currency. Moreover, the coin has an extremely limited quantity that is in circulation. This means that traders should proceed with caution when investing in APT, as its price may be subject to sudden and significant price swings.

• David Schwartz, chief technology officer of Ripple and one of the architects of the XRP Ledger, expressed regret that Ripple did not distribute more XRP when prices were low.
• He believes that the influx of tokens that have hit the market since XRP’s price rose to $0.4 has made things significantly more difficult.
• He pointed out that Americans who receive tokens from airdrops would have to pay regular income tax on them, and suggested that all tokens should be released into the market at the lowest possible price.

David Schwartz, the Chief Technology Officer of Ripple and one of the architects of the XRP Ledger, recently gave his unique insight on the XRP supply and token distribution. His comments were sparked by a discussion about cryptocurrency inflation and a recent airdrop of the FLR token from Flare Network.

Schwartz expressed regret that Ripple did not distribute more XRP when the price was lower, noting that the influx of tokens that have entered the market since XRP’s price rose to $0.4 has made things significantly more challenging. He pointed out that Americans who receive tokens from airdrops would have to pay regular income tax on them, and suggested that all tokens should be released into the market at the lowest possible price.

Schwartz noted that the XRP in the escrow belongs to Ripple, a for-profit corporation. He said that there is no community ownership or vote, whereas Flare tokens from an airdrop are supposed to be owned by the community to vote on and benefit the ecosystem.

Schwartz’s comments about XRP supply and token distribution highlight the importance of releasing tokens into the market at the most opportune times. Early token distributions should happen when prices are low, and it’s essential to consider the tax implications of airdrops and how they will affect the token’s value in the long run.

Overall, Schwartz’s views on the XRP supply and token distribution offer valuable insight into the dynamics of cryptocurrency inflation, and how to best manage the release of tokens into the market. His words serve as an important reminder of the importance of timing and the need to consider the tax implications of token distributions.

• The year 2023 began on a positive note, with a team from Bitwise Investment making 10 predictions of what we can expect
• The market is expected to recover with Ethereum’s merger, Layer-2 solutions, and other upgrades that will reduce transaction cost by 1000%
• Coinbase is predicted to make a comeback with its largest installed user base

As the year 2023 began with a positive note, bringing a new hope for investors and traders, a team from Bitwise Investment has come up with 10 predictions of what the crypto market can expect in the coming year.

The crypto market is expected to recover in 2023, with the introduction of various new upgrades and Layer-2 solutions. One of the most anticipated upgrades this year is the Ethereum merger, which is estimated to reduce transaction cost by 1000%. This could potentially lead to transactions being as low as 1/10th of a cent, creating a whole new era in the financial world.

Another prediction made by the Bitwise team is that Coinbase is expected to make a comeback with its largest installed user base. Although Coinbase’s stock dropped by 86% in 2022, the firm’s revenue still increased from $520M in 2018 to $3.3B last year. This suggests that the company’s user base is growing, and it could potentially lead to a 100% rise in Coinbase’s market cap.

The other predictions from the Bitwise team include the emergence of more stablecoins, more decentralized applications and increased adoption of blockchain technology. Additionally, the report also states that the use of cryptocurrency in day-to-day transactions is expected to increase, with more merchants and businesses accepting crypto payments.

Overall, the report indicates that 2023 could be a bullish year for the crypto market. With the introduction of new upgrades and technologies, the crypto market is expected to experience a surge in price. This could potentially lead to a new era in the financial world and open up new opportunities for investors and traders.

• Orbeon Protocol (ORBN) has sold 60 million tokens and is up by over 987%.
• Ripple (XRP) was created to revolutionize the cross-border payments industry and is up by over 56%.
• Flow (FLOW) is a blockchain-based platform that enables developers to create decentralized applications and is up by over 77%.

The cryptocurrency market has been experiencing tremendous volatility in recent months, with tokens of all sizes gaining and dropping in value. This past month saw a few major digital currencies experience significant price fluctuations, and Orbeon Protocol (ORBN) was one of them.

Orbeon Protocol (ORBN) is a blockchain-based protocol that is changing the world of crowdfunding. It stands out from the crowd with its utilization of equity-based NFTs, which serve as a new vehicle for investors to buy into startups. These NFTs can be bought by everyday investors for as little as $1.

The ORBN token can be used to pay for transactions within the network, as well as to grant ORBN holders various bonuses. These bonuses include staking rewards, governance rights, priority access to new crowdfunding rounds, and an array of other benefits.

The presale of ORBN has been doing extremely well, with 60 million tokens sold in the past few weeks. The token has seen a surge in value, rising from $0.004 to $0.0435. It is projected to surge by over 6000% once it hits exchanges.

Ripple (XRP) is another digital currency that has seen significant price fluctuations recently. Ripple (XRP) was created to revolutionize the cross-border payments industry and tackle the inefficiencies of traditional financial institutions. As a result, it has seen a 56% increase in value this past month.

Last but not least, Flow (FLOW) is a blockchain-based platform that enables developers to create decentralized applications. It has seen a 77% increase in value this past month and is quickly becoming a popular choice for developers looking to build on the blockchain.

All in all, the cryptocurrency market continues to be volatile and unpredictable. While some tokens have experienced significant gains, others have seen drastic drops in value. It is important for investors to do their own research and understand the risks before investing in any digital currency.

NYDIG und seine strategischen Partner werden nach einer Finanzierungsrunde in Höhe von 200 Millionen US-Dollar bei Initiativen im Zusammenhang mit Bitcoin zusammenarbeiten.

Die New York Digital Investment Group gab den Abschluss einer Finanzierungsrunde für Wachstumskapital in Höhe von 200 Mio. USD für Geschäftsinitiativen im Zusammenhang mit Bitcoin ( BTC ) bekannt. Die Finanzierungsrunde wurde unter anderem von den strategischen NYDIG-Partnern Morgan Stanley, der Stone Ridge Holdings Group, Soros Fund Management und MassMutual geleitet.

NYDIG, ein Anbieter von Bitcoin-bezogenen Technologie- und Investmentdienstleistungen, wird zusammen mit seinen strategischen Partnern Bitcoin-fokussierte Lösungen für die Versicherungs-, Bank- und saubere Energiebranche anwenden.

Robert Gutmann, Mitbegründer und CEO von NYDIG, sagte :

„Die an dieser Runde teilnehmenden Unternehmen sind mehr als nur Investoren – sie sind Partner, die uns seit Jahren bekannt sind. NYDIG wird mit diesen Unternehmen an strategischen Initiativen im Zusammenhang mit Bitcoin arbeiten, die Investmentmanagement, Versicherungen, Banken, saubere Energie und Philanthropie umfassen. “
Nach einer Flut hochkarätiger Bitcoin-Akquisitionen durch verschiedene institutionelle Unternehmen sagte Gutmann, die jüngsten Partnerschaften seien ein Zeichen dafür, dass die institutionelle Einführung von Bitcoin eingetroffen sei.

„Diese Partnerschaften lassen keinen Zweifel daran, dass die institutionelle Einführung von Bitcoin angekommen ist und dass NYDIG der Partner der Wahl für seriöse Finanzdienstleistungsunternehmen mit den höchsten Treuhand- und Sorgfaltsstandards ist“, sagte Gutmann und fügte hinzu:

„In den kommenden Monaten und Quartalen Achten Sie auf eine Explosion von Innovationen bei Bitcoin-Produkten und -Dienstleistungen, die NYDIG in Zusammenarbeit mit unseren neuen Investoren anbietet. “

NYDIG gab am Montag außerdem bekannt, dass unter den Lebens-, Renten- und Schaden- und Unfallversicherern, die ihre Plattform nutzen, Bitcoin-Investitionen im Wert von über 1 Milliarde US-Dollar jetzt in ihrem institutionellen Verwahrungsdienst gehalten werden.

Der Gründer und Vorstandsvorsitzende von NYDIG, Ross Stevens, sagte, die jüngste Finanzierungsrunde von institutionellen Investoren sei gut für das Unternehmen und BTC. „Ich bin begeistert davon, was diese Gruppe unglaublicher Investoren für NYDIG, insbesondere aber für Bitcoin, bedeuten wird“, sagte Stevens.

Another Bitcoin fund sees the light of day. Will BlockFi succeed in blessing King Grayscale’s throne?

The for crypto loans BlockFi known has announced the launch of its own Bitcoin Fund on February 9 announced .

The BlockFi Bitcoin Trust presented Bitcoin worth $ 32 million on the same day

With the trust, BlockFi wants to offer investors an “alternative, more cost-effective entry option into the crypto market compared to similar existing products”. It is not difficult to suspect a declaration of war on Grayscale behind this statement . Their Bitcoin Investment Trust is considered the most financially strong crypto fund. BTC valued at $ 30 billion is in the hands of the subsidiary of the Digital Currency Group. What is striking is that while Grayscale charges its customers a two percent fee, BlockFi attracts potential investors with a quarter of a percentage point less.

Bitcoin funds and institutional capital

For the time being, the acquisition of shares in the BlockFi Trust is only open to institutional investors. However, accredited US citizens will also receive access later. The possibility of secondary investments via trading platforms is also planned. Fidelity Digital Asset Services takes care of the safekeeping of digital assets.

BlockFi doesn’t run the only Bitcoin fund to position itself as a competitor to Grayscale. Even Bitwise and Osprey already launched similar offers. For example, Bitwise was able to double the assets of its own fund last year. Behind the development is the increasing interest of institutional investors in crypto funds and comparable financial products. This is how Zac Prince, CEO of BlockFi, also sees it:

Given the high level of institutional activity in recent months and the demand for new, professional investment vehicles, the timing of the BlockFi Bitcoin Trust is ideal. As we work to expand the availability of this vehicle to retail brokers, we expect this product will enable more investment in digital assets – at the heart of BlockFi’s mission to connect cryptocurrencies with traditional funding.

The Cyprus Mediterranean Hospital uses the VeChain blockchain to track coronavirus vaccination records. The data is encrypted and normalized so that it can be shared between several parties.

Vaccination on the blockchain

The Mediterranean hospital of Cyprus has announced that 100 doctors and staff received 4 January their first dose of vaccine against coronaviruses .

These 100 people received a digital certificate for their vaccination on the application called „E-HCert“ Thus, individuals will be able to follow and share their results more easily .

The VeChain Foundation confirmed the news on its Twitter account :

“The first 100 coronavirus 19 vaccination records from medical staff at the Mediterranean hospital in Cyprus are now securely stored on the Vechain blockchain. With this technology, governments and individuals are assured of the quality and validity of the results ”.

Thus, personal data remains under the full control of the owner, granting access to government authorities or other parties at the sole discretion of the patient while reducing the risk of leakage to third parties.

How does the app work?

When a Cypriot citizen goes to the hospital and undergoes tests, the records are uploaded to the VeChainThor blockchain and then immutable on the blockchain. The information is then displayed on the native E-HCert application.

Medical data is encrypted and standardized so that it can be shared between multiple parties more securely. The app also claims to be GDPR compliant .

The E-HCert application is already used for archiving the files of 8000 people concerning PCR tests and antibody tests. According to the authorities, this solution improves the management and response of the hospital to Covid-19.

After demonstrating its effectiveness at the Mediterranean Hospital in Cyprus, another facility, Aretaeio Hospital , has integrated the E-HCert application into all of its laboratory testing services.

What happens to Bitcoin after 9% dip? Analysts explain

The price of Bitcoin fell by 9% in just 2 hours and recovered quickly. Analysts are now divided on BTC’s direction in the near future.

The decline occurred as the major futures exchanges, such as Binance Evolution, experienced large liquidations across the board.

In general, traders remain optimistic about the medium term as Bitcoin has surpassed its record high. In the short term, however, technical analysts tend to be cautious as BTC shows signs of peaking.

Two factors make a major Bitcoin crash likely

In the short term, there are two main reasons why a deeper correction could occur.

First, BTC faces strong resistance at $19,400 and $20,000. The recent retest at $20,000 met with a strong sell-off.

Second, volumes in the Bitcoin market are beginning to shrink, reducing the likelihood of a sharp breakout above $20,000.

A pseudonymous trader known as „Beastlorion“ believes that the recent rejection makes a sustained recovery above $20,000 less likely. The trader:

"IMO, it makes most sense for $BTC to fall back on support before it actually breaks through the $20,000. It is a little too far-fetched to go above $20,000 now on a sustained basis. If he retreats, this will serve as a spring for the following rally."

The downward market trend coincides with unfavourable volumes on the major spot exchanges. For BTC to break its all-time high, strong volume is needed to support the uptrend.

However, a trader named „Byzantine General“ comments: „Volume analysis shows that the volume on the way to $20,000 was lower than in previous rallies. The trader on this:

"Some volume analysis. You look at the aggregated spot volume. We took out the local high, but the volume was much lower than in the previous rally. It really got going during the dumping. The volume could have told you that the rally was not real."

Bitcoin would need to identify three key trends in the near future to rise above $20,000. These trends are increasing volume, the restoration of open interest in the futures market and consolidation above $19,000.
What the on-chain metrics show

Typically, the chain internal movements show the general Bitcoin market trend.

According to Rafael Schultze-Kraft, Glassnode’s CTO, Bitcoin tends to peak when the number of profitable BTCs moved in the chain reaches 65%.

Recently, the indicator reached 65%, and shortly after that, a decline followed. This could increase the probability of a short-term relief rally. The analyst:

"How many Bitcoins that were moved on-chain are in profit? Great indicator to detect local highs when the return is above 65%. It looks like the recent reversal has only led to a slump from $19,000 to $17,000 - and has moved back up again. Is there more upside potential here? I am looking closely."

It remains to be seen whether Bitcoin’s rise from $18,200 to $19,400 in one day was the recovery rally. BTC is currently trading above $19,000 again, which indicates that the momentum has picked up.

La vendita di DeFi continua come indice Futures Retrace ai livelli di giugno

I futures degli indici per la finanza decentrata (DeFi) continuano a crollare, cancellando tutti i guadagni da fine giugno, mentre il settore si raffredda dopo un’estate di speculazione selvaggia.

Sul mercato dei derivati FTX, i futures perpetui per il loro indice DeFi sono scesi di Bitcoin Up quasi il 60% rispetto al massimo di settembre di 3.500 dollari, scendendo a prezzi che non si vedevano da poco dopo il lancio del nuovo prodotto futures alla fine di giugno.

Su Binance, i futures per un indice simile sono crollati di quasi il 70% rispetto al suo massimo del 28 agosto di 1.190 dollari, raggiunto lo stesso giorno in cui il prodotto ha iniziato a fare trading.

Dal suo lancio, l’indice ha in gran parte scambiato solo al ribasso, chiudendo ogni settimana, tranne tre, in perdita.

Una tregua temporanea può essere vicina, tuttavia, offrendo agli investitori la possibilità di recuperare e rivalutare il mercato, secondo Alex Gedevani, analista di Delphi Digital ed ex analista di Barclay’s. La velocità della vendita in corso ha semplicemente colto molti investitori „alla sprovvista“, ha detto a CoinDesk.

Secondo Gedevani, il mercato altcoin si sta „avvicinando“ sempre più a un evento di capitolazione, a quel punto il settore può iniziare a „riprendersi gradualmente“. Ma serve una „nuova narrazione“ per riaccendere l’afflusso di capitali nello spazio, ha aggiunto.

Dall’inizio di settembre, il bitcoin (BTC, +1,13%) ha guadagnato il 18% e ha sovraperformato ogni top alternativo di criptovaluta (altcoin) dell’indice CoinDesk 20. In parte, questa performance è dovuta alla rotazione del capitale di investimento dei trader da altcoin a bitcoin, come precedentemente riportato da CoinDesk.

Il bitcoin è stato un „buco nero che ha risucchiato il capitale dagli investitori che cercavano di incassare i guadagni dell’estate DeFi“, ha detto Jack Purdy, analista finanziario decentralizzato di Messari, in un messaggio diretto con CoinDesk. Questi investitori hanno scelto il bitcoin perché „appare prepotentemente rialzista in questo contesto macroeconomico“, ha detto.

Alcuni progetti DeFi non vedranno però una graduale ripresa. I nuovi progetti lanciati quest’estate „senza chiare proposte di valore continueranno a vedere un lato negativo“ con gli investitori che si consolidano in stablecoin o bitcoin, ha detto Gedevani.