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Daily Crypto News Jan 18, 2022: Top 3 crypto updates for today

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The Crypto market finally seems to recover from its long deep slumber. As the market seems to get in a better state, Cardano, Ethereum’s rival has already surpassed Ethereum in trading volume. As the prices of ADA soar and the market tends to get better the trading volume recorded by Cardano in the past 24 hours is more than that of Ethereum. 

Australian Open swings into the metaverse with Decentraland. It is a great sight for all the virtual visitors and there are loads in store for all the visitors. Great avenues around Melbourne Park have been recreated and are attracting a lot of attention from Metaverse fanatics across the globe. 

NFTs continue their crazy bull run even in 2022. In the first 15 days of 2022, OpenSea, the most popular NFT marketplace has already crossed its all-time high set in August last year and has created a new record for itself. The current Ethereum trading volume has surpassed $3.5 billion. It is great news for all the NFT lovers as the craze for NFTs continues to rise. 

Quick Crypto News Roundup! 

Daily Crypto News  Jan 18, 2022

Cardano surpasses Ethereum by Transaction volume with an increase in ADA’s price value 

According to the latest data provided by Messari, Cardano is ahead of Ethereum with respect to transaction volume in the past 24 hours. While Cardano stands at $7.02 billion transaction volume of Ethereum stands at $5.41 billion. The adjusted transaction volume has brought both the rival cryptocurrencies neck to neck. However, it is also important to note that the Cardano users only paid $66,058 as transaction fees while the Ethereum users had to pay $44.74 million as transaction fees in the last 48 hours. 

There are quite a few prominent dApps running on Cardano’s proof-of-stake blockchain system such as Ardana, DEX Maladex, and a decentralized banking protocol names MELD. Apart from these Cardano is also the base chain for NFT marketplace CNFT.IO. 

Read more in detail about Cardano surpassing Ethereum in transaction volume and what it means for both the cryptocurrencies. 

Source: U today

Australian Open Swings into Metaverse with Decentraland

As reported earlier, Tennis Australia has partnered with Decentraland to organize and host the Australian Open (AO) for this year on the metaverse platform. It will be the first official tennis grand slam on the metaverse. There has been a virtual recreation of the key highlights of Melbourne Park including the Rod Laver Arena and Grand Slam Park. These places on the virtual land shall be open during the AO tournament and shall run for a fortnight beginning on Monday. 

The event shall include exclusive content for all the virtual visitors including practice village and player arrival area. The scenes from  300 cameras around the entire Melbourne Park shall also be up for the visitors. 

Read in detail what the first-ever virtual Grand Slam has in store for all its virtual visitors and how to be a part of this virtual tournament. 

Source: Cointelegraph 

OpenSea, NFT marketplace hits a record of $3.5B in monthly ETH volume 

The most popular NFT marketplace, OpenSea has recorded a new all-time high monthly Ethereum trading volume. The current mark has crossed $3.5 billion according to the latest reports from Dune Analytics.

Within the first 15 days of 2022 OpenSEa has already surpassed the previous records that it created in August last year. January’s trading volume has topped $169 million each day. The largest single-day volume stood at $261 million on January 9, 2022. 

Read more in detail about what lies ahead of the NFT sector in the months to come. 

Source: Decrypt

Crypto Market Trend January 18, 2022

Here is a quick summary of the top crypto gainers and losers for the day. 

Top 3 Crypto Gainers 

Cryptocurrency  Price (latest by January 18, 2022)  Change in % 
Cardano (ADA) ₹124.76 5.41%
Chromia(CHR) ₹72.62 2.69%
IoTeX(IOTX) ₹9.20 1.87%

*Prices are latest by 11:30 Am January 18, 2022.*

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by January 18,  2022)  Change in % 
Cosmos (ATOM) ₹3064.72 8.23%
Polygon (MATIC) ₹174.78 8.62%
Fantom (FTM) ₹229.88 9.42%

*Prices are latest by 11:30 Am January 18, 2022.*

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