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Crypto Bleeding: Ethereum Below $1,250, Cardano and Dogecoin Deep in Red




The cryptocurrency market is coming out deep red for the weekend. Bitcoin (BTC) is now 11% in the minus today and many altcoins are falling even harder. It is slowly starting to look like one of the toughest days for the crypto market in years. Total market cap is down 11% to $1.04 trillion.

Daily Market overview.
Market cap: $1.08T -6.32%⬇️
SPOT Volume 24h: 45.27B +24.5%⬆️💡$BTC dominance: 44.61% -1.39%⬇️
Fear & Greed Index: 11😱extreme fear sentiment. Most projects in loss🔴#Bitcoin $BTC $ETH #Ethereum

My socials🌐👉

— IT Tech (@IT_Tech_PL) June 13, 2022

Ethereum drops 15.5%

Ethereum (ETH) again takes a harder blow than bitcoin. It’s a sign that investors are still finding altcoins more risky in this one risk off situation than the mother of all cryptocurrencies. The ether price made a small bounce yesterday afternoon and climbed back above $1,500, but then continued its decline. Ether prices briefly found support around $1,360 early this morning, but just fell through that as well. ETH stands at $1,245 at the time of writing and is down as much as 15.5% today.

#Ethereum $ETH Percent Addresses in Profit (7d MA) just reached a 22-month low of 55.145%

View metric:

— glassnode alerts (@glassnodealerts) June 13, 2022

XRP, SHIB, DOT, ADA deep in red

Ripple (XRP) holds out slightly stronger than the rest today, but is still plummeting 10.5% to $0.315. Binance coin (BNB) is down 12.3% and now stands at $227. Shiba inu (SHIB) is already down 13.3%, dropping to $0.0000077 this morning. Polkadot (DOT) is down 13.5% and currently stands at $6.7. Cardano (ADA) is down a whopping 14.2% and is now falling below USD 0.45.

DOGE, TRX, SOL, AVAX fall even harder

Dogecoin (DOGE) is already up 17.4% and is currently falling to $0.055. tron (TRX) also plummets this time and is 16.1% in the minus and comes out at $0.062. However, Solana (SOL) is a staggering 17.9% in the red, dropping to $27.2 this morning. Avalanche (AVAX) is once again the biggest loser among the biggest crypto. AVAX is down 19.6% and is down to $15.2.

With this, AVAX must make room for leo token (LEO) in the list of top 10 largest altcoins (without stablecoins). LEO made a big bounce this morning, bringing the price back to the same price as 24 hours ago.

Crypto top 100 hardest fallers

The rest of the top 100 is unfortunately also a bloodbath. Most crypto are more than 10% in the minus and a very large part even more than 15%. For apecoin (APE), polygon (MATIC), zilliqa (ZIL), enjin (ENJ), sandbox (SAND), elrond (EGLD), synthetix (SNX), maker (MKR) and stacks (STX) that is already 17% . Axie infinity (AXS), aave (AAVE) and chainlink (LINK) is even 18%.

Waves (WAVES) and near (NEAR) drop by 19%, thorchain (RUNE) by 20%, fantom (FTM) by 24% and nexo (NEXO) even by 27%. Celsius Network (CEL) is down no less than 55% today.

@CelsiusNetwork is pausing all withdrawals, Swap, and transfers between accounts. Acting in the interest of our community is our top priority. Our operations continue and we will continue to share information with the community. More here:

— Celsius (@CelsiusNetwork) June 13, 2022

In fact, it looks like Tron founder Justin Sun’s USDD stablecoin, a copy of TerraUSD (UST), is currently running into the same problem as UST. More articles on CEL and USDD will follow later today on Crypto Insiders.

Funding rate of shorting #TRX on @binance is negative 500% APR. @trondaoreserve will deploy 2 billion USD to fight them. I don’t think they can last for even 24 hours. Short squeeze is coming.

— HE Justin Sun 🅣🌞🇬🇩 (@justinsuntron) June 13, 2022

Crypto Insiders Premium for crypto analytics

Do you want to receive more in-depth crypto analyses? Then we would like to refer you to our Discord community for members† Ask analysts questions, chat with our fanatic community and receive daily technical and fundamental analysis of bitcoin, but also other crypto. Through Discord we can share knowledge with each other 24/7 and we try to stay ahead of the market together with our members. In the premium environment of Crypto Insiders, even more in-depth analysis will be shared later today.

⚡️Trending Searches by @CoinGecko
13 Jun 2022$CELL $MOVEZ $SOL #Ethereum #ETH $ETH $OSMO $EVMOS #Bitcoin #BTC $BTC $ATOM $MATIC $FTM

— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) June 13, 2022

Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences and are for educational purposes only.

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PrivaCrip to Power a Blockchain Network That Could Follow Cardano & XRP




PrivaCrip to Power a Blockchain Network That Could Follow Cardano & XRP




When the first decentralised blockchain was popularised in 2008 by Satoshi Nakamoto, the door was open for people across the globe to transact more securely and seamlessly. Many blockchain networks have been built and powered by native crypto tokens, including PrivaCrip (PRCR).

Native tokens exist for several reasons. Aside from acting as digital currencies, they perform various functions. Helping blockchains improve data traceability, security, transparency, and trustworthiness shared throughout the network. They also assist in reducing costs through their ever-evolving efficient methods.

Cardano (ADA) and Ripple (XRP) are among the best blockchain-based cryptos that this article will discuss. We will also look at how PrivaCrip (PRCR) will power a blockchain network set to launch into the crypto space.

Top Tier Crypto Makes its Mark – Cardano (ADA)

Cardano (ADA) has been around in the crypto space since 2017. The Proof-of-Stake (PoS), Ouroborous Cardano (ADA), was established using a research-based methodology.

Research is the backbone of Cardano (ADA) and is integral to its success in the cryptocurrency market. Cardano (ADA) uses an evidence-driven mechanism and peer-reviewed research to run its ecosystem to drive its evolution.




Among many things, Cardano (ADA) helps establish DeFi products and provides a suite of financial solutions. Crypto enthusiasts can stake Cardano (ADA) for a chance to earn rewards for their holdings.

With 2022 providing challenges in cryptocurrencies across the globe, Cardano (ADA) is one of the few cryptos to see a surge in on-chain trading volume this year. CoinMarketCap lists Cardano (ADA) as the 7th largest crypto by market capitalization at the time of writing.

Making Waves – Ripple (XRP)

Launched in 2012, Ripple (XRP) is a leading provider of crypto solutions for businesses. Ripple (XRP) provides developers with a solid open-source foundation for executing demanding projects. It is fast, energy-efficient, cost-effective, and reliable.

The solutions provided by Ripple (XRP) enable developers to solve inefficiencies, including asset tokenization and remittance. Therefore, individuals and businesses may apply Ripple (XRP) for DeFi, payments, tokenization, and more.

Crypto enthusiasts with a long-term focus may find Ripple (XRP) a valuable investing tool. Token holders can use Ripple (XRP) for staking its mainnet platform for a chance to grow their earnings and maximise profit.

At the time of writing, it ranks number 6 on CoinMarketCap, making it a cryptocurrency to buy now.

The New Face Of Privacy – PrivaCrip (PRCR)

The soon-to-launch PrivaCrip (PRCR) is a cryptocurrency built for Web3 data privacy. It will allow users to develop and use permissionless and privacy-preserving applications. This unique feature of PrivaCrip (PRCR) secures apps, protects users, and fosters the creation of many new Web3 uses.

PrivaCrip (PRCR) will drive a blockchain that creates a more empowering and inclusive internet. It will enable developers to build secure dApps using private contracts based on original privacy research (OPR) to revolutionise Web3.

PrivaCrip (PRCR) will begin pre-sale soon and has an initial token price of 0.10 USD. According to the whitepaper, there will be a total supply of 190 million tokens, of which 40% of the total supply will go to the pre-sale.

Crypto enthusiasts who purchase PrivaCrip (PRCR) during the pre-sale will receive the most significant long-term rewards and bonuses. Those who buy with Bitcoin (BTC) will receive a 10% bonus. Also, those using Ethereum (ETH) to purchase will receive 15% of the total PrivaCrip (PRCR) they purchase as a bonus.

10% of PrivaCrip’s (PRCR) total supply is up for distribution as staking rewards, meaning that token holders who stake will receive rewards for their contribution to the crypto’s advancement.

The Bottomline 

Blockchain networks are continuously evolving, and so are the crypto tokens that power them. Cardano (ADA) and Ripple (XRP) have contributed tremendously to the success of their blockchain networks, gathering mass appeal.

PrivaCrip (PRCR), for its part, will drive a security-enabled blockchain and scalability in private DeFi, empower data tokenization, and bring together a fast-growing community. Acting on its promise, it has the potential to become the next big mover in cryptocurrency.

For more on PrivaCrip (PRCR), check below:





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Cardano (ADA) Withdrawal Fees Waved by Bitrue Exchange




Cardano Reaches “Important Milestone” on Road to Vasil Upgrade

Alex Dovbnya

Singapore-based cryptocurrency exchange made Cardano one of its base trading pairs earlier this year

Singapore-based cryptocurrency exchange Bitrue announced that it had temporarily waived withdrawal fees for the Cardano (ADA) cryptocurrency.

The trading platform says that the move is meant to celebrate the support it received from the community behind the cryptocurrency.

Users will be able to withdraw ADA without paying any fees until mid-September.

Bitrue has stressed that it wants users to have “as much choice as possible” when it comes to custody options. Those who want to hold their ADA tokens will not be able to do so without paying an additional commission.

At the same time, Bitrue has touted its “Power Piggy” yield-farm investment program for those who want to earn passive income with ADA.

As reported by U.Today, Bitrue introduced the token as its base currency back in February.

In June 2021, it also became the first cryptocurrency trading platform to add support for Cardano-based native tokens.

Last month, Bitrue also announced a staking initiative with the ADA cryptocurrency. It decided to contribute a million tokens to some of the top Cardano staking pools in an effort to boost the level of decentralization.

Earlier this year, SundaeSwap (SUNDAE), the native token of the SundaeSwap exchange, also became available on Bitrue.

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WingRiders Losses 59% Of Its Total Value Locked, Plunges Cardano TVL Below $100M




Cardano Founder Charles Hoskinson Criticize SEC Cracking Down on Companies Outside Its Jurisdiction

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Popular Cardano-based decentralized exchange WingRiders has lost its position as the most valuable DEX on Cardano. 

WingRiders slumped from the first position to third after losing more than 59% of the total value locked (TVL) on the platform in the past 30 days. 

At the time of writing this line, WingRiders is now the third-largest DEX by total value locked, with a TVL of $19.66 million. It is noteworthy that WingRiders maintained the top spot for more than two months, claiming  42% of TVL On Cardano. However, the DEX has fallen from glory ever since. 

Minswap Is Now Cardano’s Most Valuable DEX

The development also affected the total value locked on Cardano. The total value locked on Cardano has fallen below $100 million in the last 30 days after the WingRiders TVL slumped. 

cardano total value locked
Cardano total value locked

Interestingly, Minswap has taken the lead to become the most valuable decentralized exchange on Cardano after the massive decline of WingRiders’ TVL. 

At press time, Minswap is leading, with a $49.09 million total value locked on the platform. The DEX hit the milestone after recording a massive growth of 30.9% in its TVL in the past 30 days. Minswap accounts for 51.82% of the total value locked on Cardano. 

SundaeSwap, the first decentralized exchange on Cardano, is now the second most valuable DEX in the ecosystem. SundaeSwap is second in the ranking, with $19.72 million in TVL. 

Like WingRiders, SundaeSwap has also lost a significant amount of its TVL over the past 30 days. In the past month, SundaeSwap has lost nearly 10% of the funds locked on the platform.

Commenting on the development, Cardano Daily, a platform that shares new developments about Cardano, said: 

“After the major decline of @wingriderscom, the TVL scenario of the Cardano ecosystem has stabilized back to normal as we have seen in the past few weeks. @MinswapDEX still led the ecosystem with $51M TVL, contributing 50% of the ecosystem.” 

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