Bitcoin specifically is generally considered to be decentralised and non-security; meaning it does not provide investors with an ownership share in a project or portion of profits made by the project’s venture.

Shiba Inu, the second-largest meme coin by market capitalization, is struggling to recoup its losses from 2022, but the good news for holders is that the Dogecoin-killer token recently broke out of its down channel after a massive SHIB burn. 

El Salvador, the first country to legalize Bitcoin, BTC
$16,521 has been pushed down yet another spot in total crypto ATM installations as Australia records 216 ATMs stepping into the year 2023.

BTC needs to move through the $16,578 pivot to target the First Major Resistance Level (R1) at $16,650 and the Saturday high of $16,664. A return to $16,650 would signal a bullish session. However, the crypto news wires need to be crypto-friendly to support a breakout session.

Shiba Inu’s burn rate skyrockets 13,198% in the last 24 hours, as per the SHIB burn tracker Shibburn. The massive burn rate is linked to the return of whales and the anticipated launch of the Layer-2 blockchain solution Shibarium in early 2023. 

Dogecoin price analysis turned severely bearish over the past 24 hours, as price dropped down past the $0.069 support zone to incur a 5 percent decline. DOGE dropped from its long-standing support around the $0.07 mark with today’s dip.

Solana was once called an ‘Ethereum killer’ on a regular basis in 2021, and Solana supporters thought SOL could flip ETH in 2022. SOL, however, has dealt with a lot of criticism about the project’s associations with FTX and co-founder Sam Bankman-Fried.

Solana’s co-founder and COO Raj Gokal said in an earlier tweet that the crucible moment for the protocol would pass. He noted that the project’s recent challenges are as complex as the previous ones. Solana now has a large and dedicated team to combat the current predicament.

Despite DOGE being dubbed an underdog, the coin has outpaced other crypto assets in the market. In terms of price movement, Dogecoin is among the best performing memecoins in the 2022 bear market.

Shiba Inu Continues To Slide, But Whales Hold Onto It

Recent months haven’t been the best for the cryptocurrency market, as even the top coins like Bitcoin and Ethereum have suffered deep negative returns, but SHIB has had it especially worse lately.

Ripple’s cross-border settlement token, XRP, has lately been on a short-term relief rally, although experiencing a complete roller coaster ride this year. Since the onset of the Securities and Exchange Commission (SEC) vs. Ripple case in December 2020.

Terra Classic Price Skyrockets 20% in 24 Hours

The Terra Classic price continues to move higher after it fell to $0.0001269 last week. Since then, the LUNC price has rebounded nearly 50%. The market sentiment shifts from selling at highs to buying at dips.

Over the previous week, Litecoin received an influx of $500 million to its market capitalization, which grew 10.99%, up from $4.55 billion seven days ago to $5.05 billion. at press time, as per CoinMarketCap data retrieved by Finbold on December 26.

In the last 24 hours, the Terra Classic recorded over 10% upside move as the LUNC price breaks above the descending channel.In the daily timeframe,the price action indicates that the LUNC price was moving in the descending channel since October and break above the channel Dec 24.

BTC dropped by 0.14 per cent to $16,839.65. However, it was the most trending today. BTC prices saw high volatility, trading mostly in the red zone throughout the day.

It traded between $16.700 and $16,900. The lowest price was $16,793.

Shiba Inu Coin,world’s second largest meme cryptocurrency price hasn’t seen much price action over the past 30 days. SHIB price is on a constant decline due to the recent market collapse.Recent update has landed in the interest of the Shiba Inu coin which can pump it price ahead.

Technical Indicators

ETH needs to move through the $1,221 pivot to target the First Major Resistance Level (R1) at $1,231 and the Friday high of $1,232. A return to $1,230 would signal a bull afternoon session.The crypto news wires need to deliver support for a breakout session.

Wash trading is a form of market manipulation in which a trader buys and sells a security to create the appearance of increased trading volume and activity in the market. In crypto, these activities involve buying and selling digital assets, fungible or non-fungible tokens.
#SAFU

The crypto coin is pulling great numbers right now, and that could continue for the short term. Even though DOGE’s rate is higher today than it was yesterday, it is down compared to the rest of the month. That leaves it open for a potential bullish run very soon.

The bearish predictions arrive as the New York-based crypto exchange Paxful announced the delisting of Ethereum from its platform because the exchange’s co-founder Ray Youssef believes it lacks decentralization due to its transition to the Proof-of-Stake (PoS) validation protocol