Cardano Leads Development Activity in 2022, Reversing Bear Market Trends

• Cardano is the leading blockchain for development activity in 2022 according to a report shared by Santiment.
• Polkadot, Cosmos, Ethereum, InternetComputer, Elrond, Flow, Optimism, Aptos, and Polygon follow Cardano in the ranking.
• Cardano’s growth can be attributed to active network contributors and development activity surpassing 140,000.

The year 2022 is proving to be a big one for blockchain technology as Cardano has taken the lead in overall development activity. A report shared by Santiment reveals that Cardano has unseated nine other blockchain protocols to take the top spot. This is a remarkable milestone for the network, especially considering that the year has seen much pushback from the bear market that has stunted the growth of many protocols.

The metrics from the report show that Cardano is at the top of the list, followed by Polkadot (DOT), Cosmos (ATOM), Ethereum (ETH), InternetComputer (ICP), Elrond (EGLD), Flow (FLOW), Optimism (OP), Aptos (APT) and Polygon (MATIC).

Cardano’s success can be attributed to the active network contributors, which came to a total of 53. Additionally, Santiment observed the state of the Solana and Aptos Blockchain, noting that Aptos has been working hard before the mainnet launch and has since slowed down. Solana, on the other hand, has strong development activity, but the metric has been declining significantly throughout the year.

In November of this year, Cardano saw a bullish reversal trend among ADA sellers, with the number of short positions decreasing significantly. This reversal trend further reinforces the success of Cardano in the blockchain space.

Overall, Cardano’s success in leading the development activity of 2022 is a testament to the hard work and dedication of the network contributors and developers. With the year coming to a close, it is clear that Cardano has had a stellar year and will continue to do so in the years to come.

MicroStrategy Purchases 810 BTC, Raising Total Holdings to $2.25B

• MicroStrategy has purchased 810 Bitcoins worth $13.6 million, bringing its total BTC holdings to 132,500.
• The company made purchases through its subsidiary (MacroStrategy) on December 28 and sold 704 BTC for $11.8 million on December 24.
• MicroStrategy’s BTC stash is now worth $2.25 billion, although it cost the company $4 billion to acquire all its BTC assets.

MicroStrategy, the software development company founded by Michael Saylor, has continued to show its trust in Bitcoin (BTC) despite the crypto market bear trend and the declining value of the asset. Recently, the company purchased 810 Bitcoins worth $13.6 million to bring its total BTC holdings to 132,500.

The company made purchases through its subsidiary (MacroStrategy) on December 28. Last Thursday, the software developer sold close to 704 BTC for $11.8 million under the guise that a loss on the transaction would be enough to balance the previous capital gains. However, on Saturday, MicroStrategy purchased 810 Bitcoins worth $13.6 million to bring its total BTC holdings to 132,500.

A further breakdown of MicroStrategy’s BTC acquisition shows that the company added 2,501 BTC on November 1, spending $44.6 million on the purchase. This past week’s sale was the first time the firm sold its holdings since it began buying the crypto asset in 2020.

Based on BTC’s current price, the latest acquisition means Microstrategy’s BTC stash is now worth $2.25 billion. That would be a loss, given that it cost the company $4 billion to acquire all its BTC assets. Michael Saylor has been instrumental in MicroStrategy’s BTC purchase as he oversees the company’s acquisition of the asset in installments.

The company shares have seen a marginal rise during the week’s premarket session, while BTC’s price hovers below $17,000 as it changes hands at $16,601 at the time of writing, according to data from CoinMarketCap.

It remains to be seen if the crypto market bear trend and the declining value of BTC will be enough to deter MicroStrategy from increasing its BTC stash. However, the company’s faith in Bitcoin continues to be evident.

Dash 2 Trade Raises $11M in Two Months: Get Involved Now!

•Dash 2 Trade has just raised an impressive $11m through their presale phase.
•Investors have now snapped up over 83% of the token allocation with only nine days left until the presale concludes.
•The development team has set the minimum token purchase at 1,000, meaning early investors can get involved in the Dash 2 Trade project for an outlay of under $54.

Dash 2 Trade, a new crypto analytics project, has achieved a major milestone by raising an incredible $11m in its presale phase. This impressive amount of investor funding has been generated in just over two months, reflecting the high level of confidence in the project from the cryptocurrency community.

The project’s presale structure has been changed in response to overwhelming investor demand. The initial plan was to offer nine separate stages with incrementally-increasing token prices, but this has been revised to end after Stage 4. During this stage, interested parties can buy D2T tokens for just $0.0533 with a minimum purchase of 1,000 tokens, representing an outlay of around $54. This low barrier to entry has been highly attractive to investors, with over 83% of the token allocation now snapped up.

The Dash 2 Trade team is excited to move forward with the project, with the first CEX listing scheduled for January 11th. This will be followed by the launch of the project’s analytics platform, which will provide users with comprehensive data and insights on various cryptocurrencies.

The development team is keen to remind potential investors that there is only a limited time left until the presale concludes. Interested parties should act quickly to acquire D2T tokens at a discount before they hit the broader market – especially considering the huge success achieved by the project so far. For more information on the presale and the project itself, please visit the Dash 2 Trade website.

Bitcoin Whales Missing in Action, Causes Bitcoin Prices to Dip and Range

• Bitcoin whale transactions have seen a major drop in recent times, showing a lack of institutional interest in the crypto.
• On-chain data provider Santiment reports that the lack of whale interest is one of the major reasons behind Bitcoin’s ranging prices.
• The number of transactions on the BTC network with a value of $100,000 has touched a new yearly low of just 8040 transactions, showing a decline in institutional participation.

The world’s largest cryptocurrency Bitcoin (BTC) has entered into a strong consolidation recently, holding up over $16,600 levels and facing strong resistance moving past $17,000. Despite the current market conditions, some altcoins are making strong moves. To understand why Bitcoin is struggling to surge past $17,000, on-chain data provider Santiment has recently reported that the lack of whale interest is one of the major reasons behind Bitcoin’s ranging prices.

The data provider noted: „Bitcoin’s ranging prices have a lot to do with declining whale interest. This chart illustrates how closely $BTC and $1M+ valued whale transactions correlate. If prices continue sliding and a spike occurs, this would be a historically #bullish signal“. This implies that the whales contributing transactions worth $1 million are missing in action, leading to a lack of institutional interest in Bitcoin.

The number of transactions on the BTC network with a value of $100,000 has also been on a downward trend, touching a new yearly low of just 8040 transactions. This further shows that institutional participation in the cryptocurrency has been on a decline. Many market analysts believe that the lack of institutional participation could be due to uncertain macro conditions.

If the U.S. were to fall into recession next year in 2023, this could lead to a correction in BTC prices. It is essential that Bitcoin whales make significant transactions to increase the institutional participation and help the crypto surge past the $17,000 mark. If Bitcoin does manage to move past the resistance, it could lead to a further surge in the price of the world’s largest cryptocurrency and create a bullish signal for the broader crypto market.