Top 5 most promising cryptocurrencies in 2022

Cryptocurrencies are generally a type of money similar to others we have – the dollar and the euro, for example – except being entirely digital. That is, rather than being exchanged in person, cryptocurrency payments exist solely online, specifically on the blockchain. The coin's name comes from the fact that it uses cryptography to confirm.

Timeline of Avalanche, Polkadot-new, Ethereum, The-sandbox, Solana

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice. Despite the strong bounce from the $18k lows, Bitcoin [BTC] has a bearish outlook on the longer timeframe charts.

Polkadot price analysis shows extremely bearish signs, as price continued to decline for a fourth consecutive day. DOT dipped more than 5 percent to as low as $7.45 today, with trading volume rising 15 percent to show complete seller dominance in the market.

Enthusiasm in the crypto market died down when hit by the recent sustained market downturn, as clearly shown by Ethereum's (CRYPTO: ETH) on-chain fundamentals. What Happened: Ethereum is seeing significantly less use than it has on average over the last two years.

An altcoin project built on Ethereum that has been relatively quiet for some time is in the middle of an explosive rally as it outperforms the rest of the crypto markets. Stratis Platform is an Ethereum-based, decentralized blockchain platform aimed at enabling Microsoft developers to build applications on top. The Stratis code is based on The post Ethereum Altcoin Project Rockets 160% Following Announcement of New NFT and Gaming Developments appeared first on The Daily Hodl.

What happened: On Monday a total of 3,779.50 Ether (CRYPTO: ETH) worth $4,495,824, based on the current value of Ethereum at time of publication ($1,189.53), was burned from Ethereum transactions. Burning is when a coin or token is sent to an unusable wallet to remove it from circulation.

A transition to a fully proof-of-stake (PoS) consensus mechanism, dubbed "the merge" by cryptocurrency enthusiasts, won't fix Ethereum's (CRYPTO: ETH) issues, according to CoinDesk citing a Morgan Stanley analyst report. What Happened: A switch to PoS will not address the network's scalability issues pertaining to its low transaction throughput and high transaction costs.

Solana has found good support at $37 and the price now appears in preparation to move higher. Key Support levels: $37 Key Resistance levels: $44 After a successful test of the key support at $37, Solana's price is ready to move higher and test the key resistance at $44.

ETH has managed to remain above the $1,200 level on Tuesday, despite an increase in price uncertainty in crypto markets. BTC fell below $21,000 in today's session, as the global crypto market cap fell by as much as 2% earlier today. Bitcoin Following a marginally bearish start to the week, downward pressure intensified in today's

Ethereum (ETH) has recovered steadily after slumping below $1,000 earlier this month, as traders rushed in to accumulate the token at lower levels. ETH is trading at $1,225- up nearly 27% from a low of $897 touched earlier this month.

Polkadot‘s price amid the uncertain market sentiments has been largely impacted as the asset fails to gain bullish momentum. The recent rejection has dragged the price below the crucial trend line which was assisting the price to maintain a significant uptrend for the past week. Therefore, the upcoming trend is believed to be pretty bearish …