Meanwhile, it’s time again for our crypto update. We naturally review the live Bitcoin price and the prices of the top 25 crypto. In addition, we share updates on Litecoin (LTC), Shiba Inu (SHIB), Dogecoin (DOGE) and NFTs.
We begin as usual with the live Bitcoin price and the prices of the top 25 crypto.
Live Bitcoin price and prices top 25 crypto rise sharply
At the time of writing, the live Bitcoin price is quoting EUR 34,441.27 ($38,682.64). This is 4.68% higher than yesterday around the same time and also higher than during our crypto lunch yesterday that we published a little earlier.
Among the top 25 crypto e also see a positive sentiment. Apart from the stable coins we only see green numbers. A number of crypto coins even record double-digit increases. The fastest rising value is that of Solana (SOL), with an increase of +17.87% in 24 hours. On the site of Tradeincrypto.com you can analyze all live crypto prices.
The crypto market is moving quite a bit today, so there are plenty of updates to share. We list some of the important developments.
Why are many Ethereum whales buying Shiba Inu (SHIB)?
Investors who invest in Ethereum (ETH) often buy other coins traded on the Ethereum blockchain. One of the tokens that is widely bought by Ethereum (ETH) whales is currently the Shiba Inu (SHIB), according to analysts. The coin lost as much as 36.16% in value in January and investors are likely hoping for a recovery. In addition, it is skirting some major developments. Perhaps they hope to benefit from any price increases. Currently, the Shiba Inu (SHIB) price is $0.00002165 and that is up 3.98% from yesterday.
In the video below we see that a speculation on the Shiba Inu (SHIB) price is not surprising, as the analysis below shows that a doubling of the price could be possible.
Surprise… Ethereum (ETH) founder Vitalik Buterin is working on… Dogecoin (DOGE)
Meanwhile, it appears that Dogecoin (DOGE) has another well-known crypto-influencer tied to it after the attention of Elon Musk. The meme coin is in the process of converting the validation process to Proof of Stake and has the help of none other than Ethereum founder Vitalik Buterin. In the interview below, he discusses his enthusiasm for Proof-of-stake validation. He also shares his vision for the future of crypto and proof of stake.
With that, Dogecoin (DOGE) seems to be on its way to becoming a serious crypto currency with its own functionality and shaking off the image of meme-coin. The live price of this crypto is currently $0.1430. This is 2.58% higher than yesterday.
Will Litecoin (LTC) benefit from the MimbleWimble update?
Litecoin’s development team announced that the Mimblewimble Extetention Upgrade will be rolled out. This means that the coin is going to offer more options for confidentiality of transactions. In addition, scalability will be increased.
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With MWEB as an opt-in feature, Litecoin will become the most fungible, cash-like, cryptocurrency in the space – warranting its position as one of the most used digital payments instruments on the planet.
– Litecoin Foundation (@LTCFoundation) January 31, 2022
This update brings to an end a project that people have been working on since 2019. The Litecoin (LTC) price is currently at $111.20, which is up 4.52% from yesterday.
Former Disney CEO sees huge potential for NFT, but Kanye won’t participate
Meanwhile, Disney has ventured down the path of NFTs. Together with VeVe, it has now launched its first NFTs. In an extensive interview, former Disney CEO Bob Iger shines his light on the developments in this area and he sees almost unlimited possibilities for NFTs. He does foresee a problem with copyright violations. The entire interview, in which streaming and other developments are also discussed, can be listened to here.
Many artists are also busy with NFTs. One of the artists who is not participating in this is Kanye West. He stated via Instagram that he is continuing to focus on the real world. The hugely popular podcast host Joe Rogan is also distancing himself from NFTs. Today, with the launch of the Lamborghini NFT, we can see how popular the market is.
Keeping up to date with the latest stock price developments?
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 on Monday morning might be a reading tip.
Note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide rationally if, when, what and how much you want to invest in.