As usual around lunchtime, we look at the live Bitcoin price and the prices of the top 25 crypto. In addition, we look at how YouTube is stepping into NFTs, how thought is turning in Russia about a crypto ban, and analyze the Solana (SOL) price.
We begin with the live Bitcoin price and the prices of the top 25 crypto.
Live Bitcoin price and prices top 25 crypto give distorted picture with decline
At the time of writing, the live Bitcoin price is EUR 32,512.18 ($36,546.97). This is 3.25% lower than yesterday afternoon.
The other crypto from the top 25 also record red figures. The biggest loss is for Cosmos (ATOM), which loses 8.38% in 24 hours. On the site of Tradeincrypto.com you can analyze all live crypto prices.
By the way, today’s loss rates give a somewhat distorted picture. Yesterday, in fact, there was an upward movement. After the Fed explained its interest rate decision, those gains evaporated and sentiment turned slightly negative. Considering this correction, the market is fairly neutral after that correction.
YouTube steps into crypto with NFT facilities
Susan Wojcicki is the CEO of YouTube and she issued a New Year’s message. In this look ahead to 2022, she explained the focus areas of the movie giant. What is striking in this is that she explicitly addresses the fact that YouTube wants to provide more opportunities for creators. Without being specific, she mentions the possibility of capitalizing on the NFT hype. She also mentions that the advertising policy has been relaxed. We can already see that this means that crypto-related initiatives will have more room to seek exposure on YouTube.
In Russia, debate over crypto tilts due to Putin’s interference
The crypto market was rocked earlier this month by reports of a cryptoban in Russia. Meanwhile, the tide seems to be turning there. Crypto advocate Vladimir Putin has entered the debate. He does not want a ban at all, but rather to allow the mining of crypto.
He is thinking about regulation, taxes and additional economic opportunities. He also calls on the Central Bank not to be too hasty but to look at the future of crypto together with the government. Many people have the idea that ultimately Putin’s will is law in Russia, so we are curious to see what this friendly advice will yield.
This is what the upcoming Blockchain upgrade means for the Solana (SOL) price
Solana (SOL) is a crypto project with the goal of creating a blockchain that can generate a good number (50,000) of transactions per second and thus function quickly for a variety of purposes, such as DeFi apps and marketplaces. This sounds ambitious and this expectation already caused many a share price rise. This changed in the last few days when there were quite a few network outages.
Instead of a lame excuse, CEO Anatoly Yakovenko crawled out from behind the computer to talk to the community on Twitter and acknowledge the problem, explain and promise improvement.
Twitter is not loading because you have not given permission.
#Solana devs, join @aeyakovenko, @buffalu__, @dadadadaffy, and @leolukde tomorrow at 12pm ET for a technical conversation on network performance.
– Austin Federa ◎ (@Austin_Federa) January 25, 2022
One of the promises is that a Blockchain upgrade will be rolled out within 4-5 weeks that should fix these problems. In addition, Coinbase has long been rumored to include Solana Program Library tokens (SPL). This is the Solana counterpart to the ERC 20 coins. The question is, of course, whether it is wise to anticipate these upcoming movements and buy Solana (SOL) now.
Analyst reasonably confident about price increase Solana (SOL)
Looking at the highest ever price for Solana (SOL), it was achieved on November 6 last year with a price record of $259.96. In December last year the highest price was $ 242.28 and the lowest point $ 141.62). With that, we conclude that the currency is now trading $170.16 (or 189%) lower than during the price record. Also compared to December, a loss of $ 90.66 (or 37%) can be noted. With that, it seems worth considering getting in at the current Solana (SOL) price of $92.31%. Of course, we will continue to monitor the price movement and possible recovery of Solana (SOL).
Want to stay up to date on the latest price movements?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly price forecast might be a reading tip.
Note: We never give financial advice, so you can’t interpret our contributions that way either. Always do your own research and decide rationally if, when, what and how much you want to invest in.