🔥 The Hottest Buys in 2023!

Markets

Bitcoin Eclipses $17K, Breaking Out of Three-Week Trading Range (6 minute read)Bitcoin breaks out of slump, smashes through $17,000 barrier to reach three-week high. Analysts say price charts still lean bearish, but Coinbase Institutional's David Duong thinks a successful push past $17,100 could lead to a technical level around $17,800. In other news, services businesses in the US are slowing down, which some speculate could mean the Fed will ease up on its tight financial policies.

These Will Be the Hottest Cryptocurrencies in 2023 (5 minute read)Remember back in 2021 when the crypto market was on fire and everyone was talking about Bitcoin and Shiba Inu? Those were the days. But then 2022 hit and everything changed. The stock market tanked, inflation soared, and investors ran for the hills (well, more like safe investments). So, which cryptocurrencies are worth keeping an eye on this year?

Tron’s Price Drops 8%, USDD Depegs Amid Huobi Turmoil (3 minute read)Tron takes a hit as Huobi exchange struggles, with TRX's price dropping 8% in the past 24 hours. Price charts show TRX could sink as low as 3 cents if it falls below the 5 cent support level. Huobi's native HT tokens also dropped 11% on the exchange, causing the company to announce it will lay off 20% of its staff and pay them in stablecoins. Justin Sun, creator of Tron, sits on Huobi's board of advisors

Tech

'Binance Effect' Means 41% Price Spike for Newly Listed Tokens (4 minute read)Tokens see a 73% price spike within the first 30 days of being listed on Binance. Ren & Heinrich tracked 26 coins over 18 months and found that there was a 41% increase a day after the listing and a 24% gain on day three. It looks like there might be a "Binance effect" that benefits tokens in the short term, kind of like the "Coinbase effect" that happened a few years back.

Mexico's digital peso delayed, unclear launch date (3 minute read)It's still in the early stages and it doesn't look like it'll be ready to go until 2024... or later. Banxico is working on all the legal, administrative, and technological stuff for the digital peso. The government announced their plans for a national digital currency in December 2021 and said it would improve financial inclusion and be launched in 2024. But now, it looks like they're not sure when it'll actually happen.

Web3: DeFi & NFTs

Lido Rides Liquid Staking Wave To Become Largest DeFi Protocol (5 minute read)Lido Finance briefly overtakes Maker as top DeFi protocol as liquid staking protocols become hot topic. Ether also up 5% in past week. Of DeFi protocols with at least $500M in total value locked, five have grown faster in past week, three of which are in the liquid staking category. On Tuesday, Lido surpasses Maker in TVL, both surpass $6B in TVL on Wednesday, though still far from the nearly $8B they held before FTX implosion in November.

Solana’s Bonk: A Guide to the Latest Meme Token to Rival Doge (5 minute read)What's a 'bonk'? A meme token like Shiba Inu or DOGECOIN that launched on Christmas Day and caused a 34% surge in SOL's price within 48 hours, according to CoinMarketCap. Half of the token's supply was airdropped to users, resulting in over $20 million in trading volume. Its purpose as a homage to earlier meme coins is obvious, but its actual origin is questionable. NFTnow explores the new meme coin on the block.

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