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Crypto Outlook

  

BTC: $22,351.62

ETH: $1,567.92

XRP: $0.3757

LTC: $90.15

The global crypto market cap is $1.03T, a 0.27% decrease over the last day. The total crypto market volume over the previous 24 hours is $30.84B, which makes a 43.34% decrease.

BTC: BTC price decreased by 0.23% and 2.89% over 24 hours and in the past seven days. The asset reached a low and high of $22,213.24 and $22,444.19, respectively.

Galaxy Digital’s research team has projected that the Bitcoin NFT market will grow significantly, reaching a market cap of $4.5 billion by March 2025. Bitcoin NFTs, also called “Ordinals,” have gained considerable attention since introducing the Ordinals protocol in January 2023. This protocol enables users to inscribe various data types onto satoshis, including videos, images, audio files, and PDFs.

Recently on February 28, Yuga Labs announced a new NFT project called TwelveFold, which is based on Bitcoin. In light of this development, Galaxy researchers evaluated the potential expansion of Bitcoin NFTs by examining the growth of Ethereum’s ongoing NFT market over the past few years. Based on their analysis, they predict a significant increase in the Bitcoin NFT market.

ETH: ETH price decreased by 0.38% and 0.38% over 24 hours and in the past seven days. The asset reached a low and high of $1,552.45 and $1,575.64, respectively.

Coinbase, a newly-launched Ethereum Layer 2 project, Base revealed its integration with Chainlink’s off-chain feeds. Although Base is presently in the testnet phase, it is slated to launch on the mainnet later this year.

The Base is built as a rollup agnostic super chain engineered, meaning moving execution off the main chain without sacrificing its security properties. With the integration to Chainlink’s off-chain price feeds, Base will be able to leverage real-time prices from trusted sources for applications such as DeFi, NFTs, and other marketplaces.

Base via Tweet:

“You’ve been asking for @Chainlink oracle support on Base, and we’ve been listening Today, #Chainlink Data Feeds are live on #Base testnet, while also making oracle services available to developers at a lower cost through participating in the Chainlink SCALE program.”

XRP: XRP price increased by 2.11% over 24 hours and decreased by 0.57% in the past seven days. The asset reached a low and high of $0.3664 and $0.3795, respectively.

Uphold, a fintech firm that offers digital wallets and a platform for buying, holding, and selling assets, has reiterated its support for $XRP, the native token of the XRP Ledger.

Uphold responded to a Twitter trend in which users were requesting trading platforms to relist XRP, which had been delisted from several exchanges after Ripple Labs was sued by the SEC over the sale of XRP, alleging that it was unregistered security in 2020.

Uphold addressed that XRP is still listed on its platform and later confirmed that it had never been delisted. At the time, Uphold expressed confidence that other cryptocurrency exchanges would follow suit and “adopt a similar stance rather than rushing to judgment ahead of the court’s decision.”

LTC: LTC price increased by 0.83% over 24 hours and decreased by 2.03%% in the past seven days. The asset reached a low and high of $89.13 and $90.74, respectively.

On March 2, 2023, Litecoin launched a new network upgrade called Litecoin Core 0.21.2.2, which was announced as a minor version release.

The update looked into an essential security issue present in earlier versions and included fixes that enhanced node and network security. After the update, LTC’s mining sector experienced an upsurge in growth. According to Coinwarz’s data, the network’s hashrate increased, which typically indicates a rise in new miners joining the network.

Litecoin foundation via a Tweet:

The newest version of Litecoin Core v0.21.2.2 is now available! Please update at: link

Learn more at: link


Vantage does not represent or warrant that the material provided here is accurate, current, or complete, and therefore should not be relied upon as such. The information provided here, whether from a third party or not, is not to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any financial instruments; or to participate in any specific trading strategy. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. We advise any readers of this content to seek their own advice. Without the approval of Vantage, reproduction or redistribution of this information is not permitted.

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