The crypto market remains volatile. Bitcoin (BTC) and Ethereum (ETH) are still struggling to regain their value. However, the current drop is temporary, and an uptrend is expected, especially for the top-tier cryptocurrencies. A recent study shows that the market share of top-tier cryptocurrency exchanges has still increased significantly since October 2020. Which top-tier coins will survive in 2022? Bitcoin (BTC), Cardano (ADA), Gnox Token (GNOX), Dogecoin (DOGE), and Fantom (FTM) are sending positive signals that their market leadership may continue.

Bitcoin (BTC)

The world’s first decentralized cryptocurrency, Bitcoin (BTC), has also fallen victim to the crypto market crash, currently trading at $29,906. However, due to its groundbreaking nature, BTC remains at the forefront of this dynamic market after more than a decade of its existence.

Even if Bitcoin loses its undisputed dominance, it remains the largest cryptocurrency. According to market forecasts, Bitcoin is expected to reach $100,000 by the end of 2022, making BTC a major investment option that will survive 2022’s current bear.

Cardano (ADA)

Cardano is a proof-of-stake (PoS) blockchain platform that has been one of the strongest top-tier cryptocurrencies, remaining in the green despite the market crash. The price of ADA jumped 50% in early June, which was caused by increased activity on the Cardano blockchain. Moreover, Cardano is preparing for its biggest hard fork update, Vasil, which is scheduled for June 29 and is expected to boost ADA prices, making Cardano a solid investment choice in 2022.

Gnox (GNOX)

Gnox is a new reflective token based on a “Yield Farming System” that offers crypto investors up to 50% APY returns. Gnox will launch on Binance Smart Chain (BSC) in Q2 2022. It is currently in a pre-sale phase, accepts payments from most of the largest blockchains, and has seen a price increase of 60%. Despite a strongly bearish market pattern, the Gnox price pattern remains firm. Its innovative yield farming mechanisms and many other benefits dedicated to early-bird investors make GNOX a great addition to your portfolio.

Dogecoin (DOGE)

Dogecoin (DOGE) is based on the popular internet meme “doge” and features Shiba Inu on its logo. Since its surge in popularity and value a few years ago, DOGE has paved the way for hundreds of other tokens in the industry.

Dogecoin differs from Bitcoin’s proof-of-work protocol in many ways, including using Scrypt technology. Elon Musk’s favorite crypto It is currently trading at $0.078. However, according to the Dogecoin price forecast, DOGE will maintain its top-tier crypto status and is expected to trade at $0.30 by the end of 2022, $0.77 by 2025, and $1 by 2030.

Fantom (FTM)

Fantom is a decentralized open-source smart contract platform for DeFi applications and digital assets, built as an alternative to Ethereum. With low transaction fees, fast execution, and many other features, analysts’ predictions of FTM’s price development remains bullish. FTM has made huge gains and has seen a price increase of over 10,000%. Despite prevailing market conditions, Fantom is expected to regain value and survive an aggressive bearish pattern in 2022.

Bottom Line

While BTC, ADA, DOGE, and FTM are long-term market players, Gnox (GNOX) is a new participant and bear market survivor worth trying out.

learn more about GNOX:

Join Presale: https://presale.gnox.io/register
Website: https://gnox.io
Telegram: https://t.me/gnoxfinancial
Discord: https://discord.com/invite/mnWbweQRJB
Twitter: https://twitter.com/gnox_io
Instagram: https://www.instagram.com/gnox.io

 

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

Major cryptocurrencies were trading lower on Thursday as the investors rush for safer investments amid global political uncertainties and the developments of the Fed minutes.

Bitcoin, the world’s largest virtual currency by market capitalisation, was trading 0.41 percent lower at $43,695 (over Rs 34,26,960) at 10:25 am, according to CoinDesk data. The cryptocurrency fell more than 13 percent in the past year.

Bitcoin has witnessed a volatile trend over the past year – the virtual currency oscillated between a high of $69,000 and a low level of $33,000.

The global cryptocurrency market cap fell to $1.93 trillion from the previous day’s figure of $1.99 trillion.

Ether, the world’s second-largest cryptocurrency which is linked to ethereum blockchain, fell more than 2 percent to $3,056.

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Meme crypto Dogecoin shed more than 1 percent to trade at $0.147, while Shiba Inu gained nearly 1 percent to trade at $0.000031. Solana, which witnessed substantial interest from the crypto traders last year, also edged down over 2.5 percent to trade at $99.39 at 10:38 am.

Other cryptocurrencies such as Litcoin, XRP, Chainlink, Cardano, Polygon, and Terra were trading in the negative territory over the past 24 hours. On the other hand, Stellar, Internet Computer, Avalanche, and Cosmos gained marginally.

Indian equity markets gave up early gains to trade lower. The US stock markets shrugged off early losses to close flat on Wednesday on developments from Fed minutes and easing geopolitical tensions.

International Monetary Fund (IMF) Managing Director Kristalina Georgieva on Tuesday said unbacked cryptocurrencies will be no match for prudently designed central bank digital currencies (CBDCs).

Meanwhile, making a strong case for banning cryptocurrencies, RBI Deputy Governor T Rabi Sankar on Monday said they are even worse than Ponzi schemes and threaten the financial sovereignty of a country.

Earlier, finance minister Nirmala Sitharaman in the Union Budget announced a 30 percent tax on the returns from trading or investing in cryptocurrencies or other digital assets such as NFTs.

Cryptocurrencies continued their rally on Wednesday as investors’ confidence was boosted by the signs of easing conflict between Russia and Ukraine. Russia on Tuesday said some of its troops were returning to their bases after completing routine exercises near the Ukraine border.

Bitcoin, the world’s largest virtual currency by market capitalisation, gained further, rising over 1 percent to trade at $43.937 at 10:36 am, according to CoinDesk data.

Bitcoin has witnessed a very volatile trend over the past year – the virtual currency oscillated between a high of $69,000 and a low level of $33,000.

The global cryptocurrency market cap rose 2.45 percent to $1.99 trillion in the past 24 hours. The total crypto market volume increased 5.08 percent over the last 24 hours to $75.55 billion, according to a moneycontrol report.

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Ether, the world’s second-largest cryptocurrency which is linked to ethereum blockchain, rose more than 4 percent to $3,133.

Meme crypto Dogecoin gained more than 1 percent to trade at $0.149, while Shiba Inu was flat to trade at $0.000030. Solana, which witnessed substantial interest from the crypto traders last year, gained nearly 1 percent to trade at $102.38 at 10:48 am.

Other cryptocurrencies such as Litcoin, XRP, Chainlink, Avalanche, Cardano, Polygon, Stellar, Terra, and Internet Computer were trading in the positive territory over the past 24 hours.

Wall Street indices closed higher on Tuesday on the expectation that the Ukraine tensions might subside, as Russia said some troops near Ukraine’s borders would begin returning to their bases.

Asian shares also gained on Wednesday as investors confidence boosted by the Ukraine developments.

Unbacked cryptocurrencies will be no match for prudently designed central bank digital currencies (CBDCs), International Monetary Fund (IMF) Managing Director Kristalina Georgieva has said on Tuesday.

Meanwhile, making a strong case for banning cryptocurrencies, RBI Deputy Governor T Rabi Sankar on Monday said they are even worse than Ponzi schemes and threaten the financial sovereignty of a country.

Earlier, finance minister Nirmala Sitharaman in the Union Budget announced a 30 percent tax on the returns from trading or investing in cryptocurrencies or other digital assets such as NFTs.

(Edited by : Bivekananda Biswas)

First Published: Feb 16, 2022, 11:06 AMIST

Cryptocurrencies bounced back on Tuesday even as global equity markets fell amid fears of Russian invasion of Ukraine. Bitcoin, the world’s largest virtual currency in terms of market capitalisation, gained nearly 4 percent to trade at $43,609 (Rs 32,99,549) at 8:57 am (IST), according to CoinDesk data.

Bitcoin has witnessed a very volatile trend over the past one year – the virtual currency oscillated between a high of $69,000 and a low level of $33,000.

On Monday, the global cryptocurrency market capitalisation fell 2.14 percent to $1.86 trillion, while trading volumes were down 11.35 percent to $61.44 billion, according to moneycontrol.

Ether, the world’s second-largest cryptocurrency which is linked to ethereum blockchain, also rose more than 5 percent to $3,027 at 9:01 am. In rupee term, Ethereum was trading at Rs 2,30,017.

Meme crypto Dogecoin gained more than 2.5 percent to trade at $0.15, while Shiba Inur rose more than 4.5 percent to $0.000031. Solana, which witnessed substantial interest from the crypto traders last year, gained nearly 10 percent to trade at $101.83 at 9:08 am.

Other cryptocurrencies such as Litcoin, XRP, Chainlink, Avalanche, Cardano, Polygon, Stellar, Terra, and Internet Computer were trading in the positive territory over the past 24 hours.

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US stock markets fell on Monday amid heightened geopolitical tensions over the Russia-Ukraine border conflict investors were scurrying to buy safe haven government bonds. The US on Monday warned that Russia could invade Ukraine at any time. Oil prices rose to seven-year highs. Asian stock markets also tumbed over political instability on Tuesday.

Meanwhile, making a strong case for banning cryptocurrencies, RBI Deputy Governor T Rabi Sankar on Monday said they are even worse than Ponzi schemes and threaten the financial sovereignty of a country.

Earlier, finance minister Nirmala Sitharaman in the Union Budget announced a 30 percent tax on the returns from trading or investing in cryptocurrencies or other digital assets such as NFTs.

(Edited by : Bivekananda Biswas)

Major cryptocurrencies extended losses on Monday amid uncertainty over the Russia-Ukraine conflict and the expected interest rate hike by the Federal Reserve in March.

Bitcoin, the world’s largest virtual currency in terms of market capitalisation, tumbled nearly 1 percent to $41,899.091 at 9:17 am, according to CoinDesk data.

The global cryptocurrency market capitalisation fell 2.14 percent over the last 24 hours to $1.86 trillion, while trading volumes were down 11.35 percent to $61.44 billion, according to moneycontrol.

In rupee terms, Bitcoin fell 1.14 percent to trade at just over Rs 33,30,681.

Bitcoin has witnessed a very volatile trend over the past one year – the virtual currency has hit a high of $69,000 and a low level of $33,000.

Second-largest cryptocurrency Ether, which is linked to ethereum blockchain, also shed more than 2 percent to $2868.42 at 9:21 am. In rupee term, Ethereum fell more than 2 percent to over Rs 2,27,000.

Meme crypto Dogecoin traded flat at $0.15, while Shiba Inur rose over 1.5 percent on Monday to $0.000029.

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Solana, which witnessed substantial interest from the crypto traders last year, turned negative to trade at $93.61 at 9:28 am.

Other cryptocurrencies such as Litcoin, XRP, Chainlink, Avalanche, Cardano, Polygon, Stellar, Terra, and Internet Computer were trading in the red over the past 24 hours.

The US stock markets fell on Friday on worries over an imminent Russian invasion of Ukraine and concerns of inflation and interest rates. All the Wall Street indices lost more than 1 percent. S&P 500 tumbled 1.9 percent, while Dow Jones contracted 1.4 percent on close.

Oil prices rose on Monday towards their highest levels in more than seven years on fears that a possible invasion of Ukraine by Russia could trigger sanctions from US and Europe and disrupt energy exports from the world’s top producer.

Asian markets also witnessed a downward trend on Monday.

The Reserve Bank of India on Thursday reiterated its stance on cryptocurrency and said the digital asset is a huge threat to macroeconomic and financial stability.

Meanwhile, finance minister Nirmala Sitharaman in the Union Budget announced a 30 percent tax on the returns from trading or investing in cryptocurrencies or other digital assets such as NFTs.

(Edited by : Bivekananda Biswas)

First Published: Feb 14, 2022, 09:54 AMIST

Major cryptocurrencies surged on Thursday, with Bitcoin, the world’s largest virtual currency in terms of market capitalisation, staying above the $43,500 level.

Bitcoin, which fell below $43,500 level on Wednesday, was trading 0.73 percent up at $43,778.66 at 8:56 am, according to CoinDesk data. The cryptocurrency on Tuesday surged nearly 4 percent, touching the 50-day moving average for the first time in nearly a month. Bitcoin had recorded a high of near $69,000 hit in November 2021.

Second-largest cryptocurrency Ether, which is linked to ethereum blockchain, rose nearly 3 percent to $3,187.7 at 9:01 am. Meme crypto Dogecoin also gained marginally to $0.16, while Shiba Inu, which had shed nearly 7 percent on Wednesday, rose nearly 3 percent to $0.000032.

Solana, which witnessed substantial interest from the crypto traders last year, turned negative to trade at $111.4 at 9:04 am.

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Other cryptocurrencies such as Litcoin, XRP, Chainlink, Avalanche, Cardano, and Polygon were trading in the green over the past 24 hours. On the other hand, Stellar, Terra, and Internet Computer, among others, were trading lower.

The Wall Street indices gained substantially for the second day in a row – S&P 500 gained 1.5 percent, Dow Jones added 0.9 percent, while Nasdaq rose 2.1 percent in trade.

Oil prices were mixed on Thursday, after rallying on an unexpected drop in US crude inventories in the previous session, as investors await the outcome of US-Iran nuclear talks that could add crude supplies quickly to global markets, according to Reuters.

Meanwhile, finance minister Nirmala Sitharaman in the Union Budget announced a 30 percent tax on the returns from trading or investing in cryptocurrencies or other digital assets such as NFTs.

(Edited by : Bivekananda Biswas)

First Published: Feb 10, 2022, 09:27 AMIST

After days of rally, cryptocurrencies edged lower on Wednesday, with Bitcoin staying just above the $43,000 level.

The world’s largest virtual currency in terms of market capitalisation was trading 1.51 percent lower at 43,489.34 at 11:13 am, according to CoinDesk data. Bitcoin surged substantially during the weekend after it fell below 37,000 level. The cryptocurrency on Tuesday surged nearly 4 percent, touching the 50-day moving average for the first time in nearly a month. The cryptocurrency had recorded a high of near $69,000 hit in November 2021.

Most of the cryptocurrencies lost after days of positive trends that started during the weekend.

Second-largest cryptocurrency Ether, which is linked to ethereum blockchain, shed close to 2 percent to $3,090 at 9:42 am, according to CoinDesk.

Meme crypto Dogecoin also fell more than 5 percent to $0.16, while Shiba Inu lost nearly 7 percent to $0.000032.

Solana, which witnessed substantial interest from the crypto traders last year, turned negative to trade at $111.93 at 9:47 am.

Other cryptocurrencies such as Litcoin, Stellar, XRP, Chainlink, Avalanche, Cardano, Polygon, Terra were trading in the red over the past 24 hours.

Meanwhile, finance minister Nirmala Sitharaman in the Union Budget announced a 30 percent tax on the returns from trading or investing in cryptocurrencies or other digital assets such as NFTs.

Wall Street indices – S&P 500, Dow Jones, Nasdaq, and Russell 2000 – ended the day on a positive note amid uncertainty over how aggressively the Federal Reserve will raise interest rates to fight inflation.

Asian markets edged up following a strong session on Wall Street. The shares were mainly lifted by positive trends in tech stocks.

Oil prices surged on Wednesday following two sessions of losses after industry data showed an unexpected drop in US crude and fuel stocks, offsetting concerns of a possible rise in supplies from Iran.