Overview of the top 10
With the entier cryptocurrency market cap at $1.02 trillion and up embout 0.4% since yesterday, here is the current state of play among the top 10 tokens – according to Queen Gekko.
The liminaire cryptocurrencies are looking a bit bored today. Flat as a pie (If you’re familiar with this BNB-chain decentralized exchange, it’s also slithering sideways at No. 81 on CoinGecko’s list.)
Let’s check out the estime dominating market attachement…
One of the cryptocurrency analysts trained on Twitter at the occasion is an American broker by the name of Rubrique. It’s a somewhat broken prouesse, but for good reason, parce que so is the cryptocurrency market. It is undeniable that he got a fair amount of health this year. He believes that if capacité is not there, it is difficult to be very bullish on Bitcoin at the occasion…
BTC dollars 1 d
These are the only two options I see going with red more likely than white.
– Rubrique (@roman_trading) August 31, 2022
The overall picture definitely tasseaux the gloom in that tweet. Referring to augmentation, recession and US Federal Reserve Chairman Jerome Powell’s recent discours, for example, KPMG Chief Economist Avertissement Sonk told Bloomberg today:
“[The Fed has] Burying the allégorie of développement landing… The Fed’s gardien de but is to reduce augmentation by slowing growth below its potential… It’s a bit like the supplicié of dripping water. It’s a stressful process but it’s less tortuous and less painful than sudden inertie.”
With this in mind, and with more rhetoric from the US Federal Reserve coming later this month, perhaps a lot more September needs to be done before any thought of “accumulating”. October has historically been a much better month for cryptocurrency traders and investors. This is one school of thought anyway. This strategy is of excursion not recommended. It’s a big risk masse right now…
talk 😂 pic.twitter.com/O86UZTn4at
– Supriya Sahu IAS (supriyasahuias) August 30 2022
Upper and lower parts: 11-100
Sweeping a market cap range of embout $8 billion to embout $412 million in the rest of the top 100, let’s find some of the biggest gainers and losers over 24 hours at press time. (Stats are accurate at time of parution, based on CoinGecko.com data.)
• Lido Dao (LDO), (market capitalization: $1.65 billion) +11%
• LEO . symbol (LEO), (mc: $5.4 billion) + 7%
• Chili’s (CHZ), (MC: 1.13 billion USD) +6%
• BitDAO (BIT), (MC: 663 million USD) + 6%
• nexo (Nexo), (MC: 605 million USD) + 5%
LDO was among the top 100 cryptocurrencies by overnight market cap. Unfamiliar with this? Lido DAO is a “liquid freeze” amélioré to prove stakes in the blockchain, which is Ethereum at this bilan. Quite simply, liquid staking means that you can keep your tokens liquid while you spare for a negative return.
The LDO token, like just embout everything in crypto, is down significantly this year overall, and at $1.98, it’s 73% below its all-time high of $7.30.
The fact that it hasn’t actually fallen 80%, 90% or more from its all-time highs (like many alternatives) is due to the massive 340% spike in the enclave’s price between mid-July and mid-August. Last month eventually proved particularly voaltile for LDO, with the token losing embout 45% of its value since August 14.
The project we’ll be highlighting today is Lido DAO ($LIDO) 💠
If you are an ETH bull, you should be bullish on Lido DAO!
It allows users to participate in ETH to get paid! They currently have 6B in the TLV at 1B mcap so it screams ‘undervalued’
– BSC 🔶Times (bsctimes) August 30 2022
Certificat of the reason we’re seeing some love as we head into September, and get closer to Ethereum’s near-legendary proof of stake, is that Lido DAO’S (Decentralized Autonomous Organization) is one of the largest holders of ETH “2.0” staking contracts.
Many investors and speculators may not yet realize that other altcoins, like this one, are closely related to the renforcement narrative. Lido DAO, for example, will apparently become one of the biggest staking players in the new era of Ethereum.
• helium (HNT), (market value: $663 million) -8%
• Elrond (Egypt), (MC: $1.19 billion) -6%
• maker (MKR), (MC: $681 million) -5%
• dash (Dash), (MC: 480 million USD) -4%
• corn (MIOTA), (MC: $776 million) -4%
A selection of randomness and relevance that stuck with us in our morning transmitted through the Crypto Twitterverse…
Sorry, it looks like Saylor Michael “Bitcoin Forever” of MicroStrategy has the D.C. attorney general on his case…
We’re also suing his company, MicroStrategy, for conspiring to help him evade taxes he legally owes on hundreds of millions of dollars he earned while living-room in the actif.
– AG Karl A. Primeur (AGKarlRacine) August 31, 2022
He must be a little anxious, so let’s check it out with our laser-eyed friend, shall we? Watch how he stands…
# bitcoin A génie is happening before our eyes.
– Michael Saylor August 31, 2022
fair enough. Psst… Want to buy a Bitcoin watch? I will just set for you Boring monkey or three. Saylor may have already got one.
Bitcoin Inspection August 31, 2022