Today’s Crypto News – Bitcoin, Ethereum, Shiba Inu, Dogecoin, BNB, Bitgert & Centcex
by Analytics Insight
January 24, 2022
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It’s the beginning of the 4th week of January, and the market looks shaky, with most cryptocurrencies already crashing below the last dip’s price. As of writing, Bitcoin was trading at $33,243, which is the lowest it has gone 6 months. All the large cryptocurrencies have been dropping, but some crypto coins have been stable during this crash.
So what’s up in the crypto industry today? Here is the hot crypto news that investors need to know about some of the best cryptocurrencies today.
Bitgert
Bitgert has been trending on Coinmarket.com for the last few days, especially during the last week’s crash. This is because Bitgert is one of the cryptocurrencies that successfully managed to withstand the crash. The coin has been performing impressively well, and that’s why most investors have been looking for Bitgert.
The current market is plunging again, and Bitgert is still strong with a minimal drop in prices. Just like the previous time, $BRISE is expected to recover fast and go bullish immediately the market gets a breather. The upcoming Bitgert CEX and the gasless blockchain are the factors making BRIDE resilient in the market.
The other news is that the Bitgert team has completed the legal for tier-1 exchange listing, iOS wallet release and more products are coming up in 2022. Read about this project on Bitgert Website.
Centcex
The recent news about Centcex is on its resilience in the market. Centcex and Bitgert are among the few cryptocurrencies that have been able to go against the grain to post an impressive performance against the bearish market. There are several things giving Centcex the high resistance to a bearish market. They are the project quality and attractiveness leading.
Centcex project is developing cryptocurrency applications that are high in demand. The project is also rewarding Centcex investors handsomely with the 100% APY on revenue generated by the products. With the option of developing an unlimited number of products, this is one of the cryptocurrencies with huge staking rewards. Go to the Centcex Website, where you can find more info about this project.
Shiba Inu
Shiba Inu has been one of the cryptocurrencies that are dipping today. At the time of writing, SHIB was selling at a price last seen in the first week of October. This dip looks like it is going to be a bit as the crypto prices have gone to the lowest value since Q3 2022.
In other news, Shiba Inu has just fixed the issue of Wormhole contract issues it has with Coinmarketcap.com. The two addresses that appeared on the Coinmarketcap caused a lot of uproar from the Shiba community. There is also a lot going on in building the Shiba Inu ecosystem. The team is just to start the launch of the Doggy DAO, which will be a game-changer.
Bitcoin
The latest news on Bitcoin is about the badly dropping price. There has been another drop today that has sunk Bitcoin to the lowest we have seen since July. It is one of the biggest losers in the market right now, but things are not that bad. BTC is one of the cryptocurrencies expected to make a huge comeback. In fact, Bitcoin is expected to push to $100,000 by the end of this week.
The growing number of stores now accepting BTC for payment is also expected to grow the value of Bitcoin. So there is still huge potential for Bitcoin to grow bullish despite the fast-falling price right now.
Ethereum
The price of Ethereum is taking a big nosedive today. The cryptocurrency has dropped by over 12% by the time of this writing. This is a huge drop and has eaten all the gains Ethereum has made over the weekend. But this is nothing unusual and should not scare Ethereum token holders because it is the cryptocurrencies likely to explode in 2022.
The ongoing Eth 2.0 upgrade will be a game-changer upon completion. The upgrade will address all the current issues the Ethereum network is facing, including high gas fees, low scalability and security issues. Therefore, Ethereum is one of the tokens to watch.
Dogecoin
Dogecoin is down 8% in the past 24 hours at the time of this writing. This is a huge drop for a coin that was green and bullish on 23rd January. But this is not the first time that Dogecoin is hitting such a fast drop. Even in the market crashes, Dogecoin was one of the cryptocurrencies that recorded huge drops. But it was also fast to recover.
Having Elon Musk and Vitalik Buterin as a team of Dogecoin advisors is one of the moves that have attracted investors. In fact, there have been many comments from Elon Musk vouching for Dogecoin. The adoption of Dogecoin by Tesla has also been big news lately.
Binance Coin
Despite the current Binance coin drop, it is one of the best cryptocurrencies in the market. At the time of writing, the Binance coin had dropped 10% in the past 24 hours. The coin trading at $342, which is a significant drop from the previous gain. But this should not make BNB holders panic because this is one of the tokens that might recover fast.
There has been a lot about Binance development, with more projects joining the network. Among the projects recently added to the network is Reserve Rights, a pool of stable coins. There are many other moves that are expected to make Binance coin stronger. Therefore, this is a coin that is expected to make an impressive recovery.
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