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Crypto continues to bleed: Ethereum, Cardano, Dogecoin and more are falling hard again

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After the release of US inflation data, stock markets turned a deep red and many cryptocurrencies even a deeper red. Bitcoin (BTC) initially held up stronger, but caught another blow last night. Most altcoins have been taking even heavier blows for two days in a row. Many prices drop to their lowest point in 16 months or more and the fear is in good shape again. The total market cap of crypto also plunges back below $1.2 trillion for the first time in 16 months, falling 7% in the past 24 hours to $1.15 trillion.

📈Market Overview#BTC price trades below $28K

The Top 10 are traded in red zone: $ADA -14.5%, $DOGE -13.8%, $SOL -12.6%.

Market cap: $1.16T (-7.45%) $BTC dominance: 45.06% (+1.66%)
Fear & Greed Index: 14 (Extreme Fear)

Full Report👉https://t.co/9K9DYSC5Fi pic.twitter.com/AjxCnUD4cR

— CryptoRank Platform (@CryptoRank_io) June 12, 2022

Ethereum dropped 18.5% this week

Ethereum (ETH) tried to recapture $1,900 early this week but failed. Despite this, the price still held around $1,800 until the release of the US Consumer Price Index (CPI) on Friday. ETH initially fell to $1,680, already below the low from last summer. Yesterday morning, ETH continued to decline, already trading below $1,600, but briefly found support around $1,540.

Last night, ETH fell even deeper, reaching as low as $1,460 and even briefly dipped to $1,430. At the time of writing, ETH is back at $1,470 and is down 8.5% today and as much as 18.5% this week. The ETH price is currently at its lowest price in 15 months and even briefly dipped below the high of the beginning of 2018!

With the price declines over the weekend, the #Ethereum market has fallen below the $ETH Realized Price of $1,781.

This means the market is holding an average unrealized loss of -18.4%

The Realized Price of ETH 2.0 deposits is higher at $2,404, with an unrealized loss of -39.6% pic.twitter.com/yleNe7111X

— glassnode (@glassnode) June 12, 2022

TRX, XRP, BNB also deep in the red

Among the largest crypto, tron ​​(TRX) held up best today and this week. TRX is still down 5% today, currently standing at $0.076. Nevertheless, that is ‘only’ a drop of 5.5% this week. Ripple (XRP), on the other hand, is already 9.1% down today and even 11.1% this week. XRP currently stands at $0.348. Binance coin (BNB) is in the red as much as 10% today and 14.9% this week. BNB drops to $257.

SOL, DOT, DOGE, SHIB, ADA drop even harder

Solana (SOL) comes in at $32.5 this morning and is even down 11.5% today and 16% down this week. Polkadot (DOT) is already down 12.3% today and currently stands at $7.6. That’s down 19.3% this week. Dogecoin is down 12.6% in the past 24 hours to $0.066, down from 19.5% this week. Shiba inu (SHIB) is down 13.2% to $0.00000875, also down 19.5% this week. Cardano (ADA) is even down 12% today, but is ‘only’ 9% down this week. That’s because ADA rose sharply at the beginning of this week.

AVAX falls the hardest

However, Avalanche (AVAX) is the biggest loser today and this week among the biggest crypto. AVAX is down 17.3% in the past 24 hours to $18.5, which is down 24.6% this week.

Crypto top 100 hardest fallers today

The rest of the top 100 also looks bleak. Graph (GRT), waves (WAVES), tezos (XTZ), near (NEAR), gala (GALA), zilliqa (ZIL), sandbox (SAND), arweave (AR), axie infinity (AXS) and theta (THETA) are all about 15% down today. Flow (FLOW) and chainlink (LINK) are already down 17%. Fantom (FTM), stepn (GMT) and helium (HNT) are even falling by 19% and apecoin (APE) is the biggest loser today, standing 22% negative.

Crypto top 100 hardest fallers this week

In addition, stacks (STX), maker (MKR), bitcoin cash (BCH), decentraland (MANA) and cronos (CRO) are already 20% down this week. For arweave (AR), thorchain (RUNE), gala (GALA) and hedera (HBAR) this is 21%. Ethereum classic (ETC), litecoin (LTC), cosmos (ATOM) and filecoin (FIL) are already 22% in the red this week. Quant (QNT) and chiliz (CHZ) were down 23% this week and kusama (KSM), sandbox (SAND), zilliqa (ZIL) and internet computer (ICP) were down 24%.

Celo (CELO) is down 25% this week, axie infinity (AXS) 26%, klaytn (KLAY) 27% and near (NEAR) and stepn (GMT) 28%. Graph (GRT) fell 30%, fantom (FTM) 31%, apecoin (APE) and aave (AAVE) 32%. Waves (WAVES) is down a whopping 36% this week and elrond (EGLD) is the biggest loser, falling 38% last week.

Yet again there are exceptions. For example, okb (OKB) is 7% in the plus today and leo (LEO) and osmosis (OSMO) are 10% in the plus this week.

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.

⚡️Trending Searches by @CoinGecko
June 12, 2022$DOME $MOVEZ $CELL #Bitcoin #BTC $BTC $OP $AVAX #AVAX $EVMOS #Ethereum #ETH $ETH $MATIC $FLM pic.twitter.com/GE8XOIdQTj

— 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) June 12, 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

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

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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.

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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:

Presale: http://join.privacrip.io/ 

Website: http://privacrip.io/ 

Telegram: https://t.me/PrivaCripOfficial 

Twitter: https://twitter.com/PrivaCrip 

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Cardano (ADA) Withdrawal Fees Waved by Bitrue Exchange

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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

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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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