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Daily Crypto News Jan 24, 2022: Top 3 crypto updates for today

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In today’s Cryptocurrently daily crypto news, Bitcoin addresses hit an all-time high even though the market has been broadly bearish. According to ZyCrypto, nation-states and institutions may have contributed to this rise in Bitcoin accumulators. According to data from crypto market intelligence firm, Glassnode, Bitcoin accumulation addresses have been on the rise. Since December, over 20,000 new Bitcoin addresses have entered the Bitcoin accumulation addresses category, an about 3.2% rise in the last 2 months.

Crypto Whales accumulating on certain cryptos has not been something new the crypto ecosystem has heard of. WhaleStats blockchain analytics platform has spread the word that the top 1,000 Ethereum whales are betting on LINK as it has pushed MATIC from the position of the most-traded token. However, ETH whales are not backing out from collecting both tokens as both coins remain on the list of the top-ten purchased tokens.

Fantom (FTM), a novel high-performance smarts contract platform has left behind Avalance as Fantom’s TVL adds 33% in a week! As per data by leading DeFi analytical dashboard DeFiLLama, Fantom’s TVL metrics sit at almost $9.5 billion. The closest competitor, Avalanche (AVAX), sees $8.42 billion locked in its decentralized applications.

Quick Crypto News Roundup! 

Daily Crypto News  Jan 24, 2022

Bitcoin Accumulation Addresses Hit All-Time High As Nation-States “Buy The Dip”

Amid the broader bear market, Bitcoin still has some bullish on-chain metrics going for it. In the last few days, the number of Bitcoin accumulation addresses has increased by over 10% and is at an all-time high of over 550,000 addresses. Nation-states and institutions may have contributed to this rise in Bitcoin accumulators. The increasing accumulation indicates that investors are buying the dip massively. This is one reason several market pundits are seemingly not bothered by the massive liquidations that have been occurring in the market as well as the enormous drop in the crypto market capitalization. 

Read more on Bitcoin’s All-Time High, here.

Source: ZyCrypto

Additional Read: Bitcoin vs Ethereum 

Chainlink Flips MATIC as Most-Traded Token, but ETH Whales Are Grabbing Both

Even though, both MATIC and LINK are among the top ten cryptocurrencies that are purchased most often by top Ethereum whales, LINK has so far flipped the native token of Polygon as the most traded asset, as per the data provided by WhaleStats. These two coins stand next to each other on this list. FTT remains the largest token by the USD value in the wallets of the largest 1,000 ETH whales. WhaleStats has also published several tweets showing that whales have been purchasing large amounts of LINK and MATIC. In the past twenty-four hours, overall a total of 386,464 LINK has been purchased by ETH whales ranked 140, 141, and 4. The fourth-largest whale purchased the biggest amount here – 199,999 LINK worth $3,909,99. The overall amount of this crypto bought constitutes $7,327,414 in fiat.

Read more on the tokens accumulated by Crypto Whales, here.

Source: Utoday

Additiona Read: Chainlink Price Prediction

Fantom Finally Surpasses Avalanche by TVL, Who’s Next?

Fantom (FTM), a novel high-performance smarts contract platform, expands its rally despite the bloodiest altcoin carnage in months. Its total volume of assets locked (aggregated USD-denominated price of all cryptos in active Fantom-based dApps) eyes the historic milestone of $10 billion. As per data by leading DeFi analytical dashboard DeFiLLama, Fantom’s TVL metrics sit at almost $9.5 billion. The closest competitor, Avalanche (AVAX), sees $8.42 billion locked in its decentralized applications. As such, Fantom’s dApps ecosystem needs to add 28% in TVL to challenge the third-largest smart contracts platform, Binance Smart Chain (BSC). It does not look impossible for Fantom: in the past 30 days, its TVL rallied 131%.

Read more on Fantom’s TVL, here.

Source: Utoday

Additional Read: Fantom Technical Analysis 

Crypto Market Trend January 24, 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 24, 2022)  Change in % 
Cosmos (ATOM) ₹ 2707.51 3.72%
Loopring (LRC) ₹ 66.18 2.08%
Civic (CVC) ₹ 18.62 0.84%

*Prices are latest by 11:45 AM January 24, 2022.*

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by January 24,  2022)  Change in % 
Chromia (CHR) ₹ 41.76 -13.84%
Theta Token (THETA) ₹ 207.89 -12.41%
NEAR Protocol (NEAR ) ₹ 866.20 -11.3%

*Prices are latest by 11:45 AM January 24, 2022.*

Additional Read: Decentraland vs Enjin Coin

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