• Ethereum and Bitcoin are the top two cryptocurrencies by market cap.
• Ethereum has typically outperformed Bitcoin when the crypto market turns bullish, but recently this has not been the case.
• The two cryptocurrencies have reached an unusual inflection point that could cause further discrepancy between the two giants.

Cryptocurrencies have become a major force in the global economy and Ethereum and Bitcoin are leading the charge. Ethereum and Bitcoin represent the number two and one cryptocurrencies by market cap, respectively, and their movements are often seen as a barometer of the health and direction of the overall crypto market. While the two coins tend to move in tandem, Ethereum has typically been the asset with the slight edge performance-wise when the crypto market turns bullish.

That hasn’t recently been the case, however, causing the ETHBTC trading pair to reach a precarious inflection point that could cause further discrepancy between the two crypto giants. A closer look at the history between the two coins reveals a pattern of Ether outperformance over Bitcoin that could be at stake. The chart below depicts two converging, long-term trend lines taking the two cryptocurrencies to an unusual inflection point.

The longer of the two trend lines dates all the way back to the launch of Ethereum. From the lowest touch of the trend line to where the upper trend line formed, ETH grew 9000% against BTC. From the top trend line to the bottom, ETH fell 89% against BTC in a shocking twist of fate. From the second lower trend line touch to the second upper trend line touch, ETH rose another 290% against BTC.

These numbers give some indication of the scale of the discrepancy between the two coins. If the current trend of Ethereum underperforming Bitcoin continues, it could mark a significant shift in the balance of power between the two coins. That being said, the bearishness of the crypto market as a whole could be a contributing factor to this discrepancy.

It remains to be seen what will happen next with the ETHBTC trading pair, but the inflection point could be a sign of things to come. Investors should watch closely to see how the two crypto giants fare against each other in the coming weeks and months.

• Investors may be moving funds out of larger cap coins such as Cardano and Solana and into smaller cap coins with a market cap lower than $300 million.
• These smaller cap coins have seen a significant uptick in their address activities, particularly from the last week when larger cap coins hit new local peaks.
• The small cap coins mentioned in the report are TRADE, RBN, SLP, PLSPAD, POND, MITX, MTH, and CBG.

As the crypto market rally continues, investors are taking advantage of possible price movements in smaller altcoins by cycling out money from larger cap assets. On-chain data aggregation website Santiment has observed that funds are being moved from coins like Cardano and Solana to smaller cap coins with a market cap lower than $300 million.

These smaller cap coins have witnessed a notable amount of address activity, particularly from the last week when larger cap coins hit new local peaks. The tokens in question include TRADE, RBN, SLP, PLSPAD, POND, MITX, MTH, and CBG. These are coins that are flying under the radar, and are not as widely known or discussed as some of the larger cap coins.

The cycling of funds from large cap assets to small cap altcoins could be seen as a positive sign for the crypto market. It indicates that investors are taking a calculated risk in order to capitalize on possible price movements in small cap coins. This also shows that investors are confident in the crypto sector, as they are willing to take the risk of investing in smaller, less established coins.

The move to small cap coins may also indicate that investors are looking to diversify their portfolios. By investing in smaller coins, investors can benefit from the potential growth of these coins, while still not having to commit too much of their capital. This is a strategy that has been seen in the traditional markets, and it appears to be gaining traction in the crypto markets as well.

Overall, the move to small cap coins is a positive sign for the crypto market. It shows that investors are confident in the sector, and are willing to take calculated risks in order to benefit from possible price movements. It also shows that investors are looking for ways to diversify their portfolios, which should help to increase the stability of the market.

1. Solana has had a positive start to 2023 after suffering during the crypto winter of 2022.
2. Solana has launched a series of innovative projects, such as SolanaMobile and a payment protocol, that have increased interest among the crypto community.
3. The SOL network has become a developer’s hub, is carbon neutral, and uses its proof-of-history mechanism to develop innovative applications.

Solana is enjoying a positive start to 2023 after spending most of 2022 in decline due to the crypto winter. The project has been a beneficiary of the crypto market upturn as it continues to climb back to its all-time high (ATH) value. Solana has been able to successfully differentiate itself from the competition by launching a series of innovative projects that have increased interest among the crypto community.

SolanaMobile recently announced their plans to unveil the Solana Mobile stack and Saga phones. This mobile device intends to provide users with easy access to the blockchain, with the assurance that it will be available for early 2023. In addition, Solana has also launched a payment protocol in February 2022. This payment channel allows merchants to interact on a secure blockchain and process payments efficiently. Brands such as @FastAF and @ASICSamerica, have already started to use this innovation.

The Solana network has also become a developer’s hub in recent months, with the number of active developers on the platform increasing to 2053 in December 2022. This is largely due to the network’s unique proof-of-history mechanism, which allows developers to create innovative apps on the network. Furthermore, the SOL network is also carbon neutral, as it does not rely on energy-intensive methods like proof-of-work. This ensures that the project aligns with environmental goals.

Overall, Solana has done well to differentiate itself from the competition. Through its innovative projects and commitment to environmental responsibility, Solana has shown that it is a project that is here to stay. With the crypto market continuing to strengthen, it is likely that Solana will continue its climb back to the top.

• The price of Solana (SOL) has significantly increased, going from $9.7 to $17.50 in the first week of 2023.
• Trade volume in SOL has increased, and Wallet Investor predicts that SOL will hit new highs in 2023.
• The current Solana price, as reported by CoinMarketCap, is $15.87, and the next bullish goal is the $20 level.

The cryptocurrency market is ever-evolving, and Solana (SOL) is no exception. This decentralized smart contract token has seen an unprecedented week-long rally, which has caused it to significantly outperform almost all other cryptocurrencies. As the price of SOL stabilizes, investors are increasingly taking notice of its potential.

At the start of 2023, the price of Solana began to rapidly increase, going from $9.7 to an impressive $17.50. This marked a significant jump in value, and as a result, trade volume in SOL has grown significantly. This surge in activity has led to the prediction by Wallet Investor that SOL will reach new highs in the coming year.

At the time of writing, the current Solana price is $15.87, as reported by CoinMarketCap. Over the past 24 hours, the value has decreased by 0.50%. There are currently 370,184,196 SOL in circulation, giving it a market cap of $5,915,802,434 and a position in the top 12 of CoinMarketCap’s rankings.

The recent price surge and the general market sentiment indicate that the next bullish goal for Solana is the $20 mark. This would represent a 30% increase from its current price, and would be an incredible achievement for the token. Although the RSI is showing signs of overbought conditions, traditional investors view this as an indication of buyer exhaustion, rather than a sign of a possible sell signal.

With Solana’s recent surge in price, it is clear that the token has potential to reach new heights. As more investors become aware of its capabilities and the market sentiment continues to be positive, the movements of SOL will be incredibly interesting to watch.

• Ethereum price climbed higher above the $1,320 resistance zone against the US Dollar.
• There is a key bullish trend line forming with support near $1,295 on the hourly chart of ETH/USD.
• Ethereum could start another increase if it stays above the $1,280 support zone.

Ethereum has been on a roll lately, with the price of the world’s second-largest crypto asset climbing higher against the US Dollar. After breaking above the $1,300 and $1,320 resistance levels, Ethereum managed to push further upwards, testing the $1,350 zone. In order to analyze the ongoing bullish move, it is important to take a look at the hourly chart of ETH/USD.

The chart shows that Ethereum started a decent increase above the $1,300 resistance level and was able to settle above the $1,320 resistance zone. This allowed the bulls to gain momentum and push the price towards the $1,350 resistance zone. A high was formed near $1,346 and the price is now consolidating gains.

At the moment, Ethereum is trading above the $1,320 and the 100 hourly simple moving average. There is also a key bullish trend line forming with support near $1,295 on the hourly chart of ETH/USD. If the pair stays above the trend line support, it could start another increase. An immediate resistance is near the $1,340 level. The next major resistance is near the $1,350 level. A proper close above the $1,350 resistance could another decent increase.

If the bulls remain in action, the price could surpass the $1,350 resistance zone. In the stated case, the price may perhaps climb higher towards the $1,420 resistance. Any more gains might send the price towards $1,500, above which the price could attempt to reach the $1,600 resistance level.

On the downside, the $1,280 support zone is an important support. If Ethereum fails to stay above the $1,280 support, it could start a downside correction. The next key support is near the $1,200 level, below which the bulls might struggle to defend further losses.

In conclusion, Ethereum is trading near a crucial support zone near $1,280. If there is a downside break and close below the $1,280 support, there could be a short-term bearish reaction. On the upside, a clear break above the $1,350 resistance zone could start another surge in the near term.

• Polkadot provides interoperability between multiple blockchains and supports many parachains, enabling developers to build their blockchains seamlessly.
• The last few months in 2022 saw a drastic drop in the performance of many crypto projects, but DOT saw massive growth in its ecosystem.
• The Polkadot and Kusama community were busy building an ecosystem of layer-1 blockchains to create a better web.

The past few years have seen the world of cryptocurrency and blockchain technology evolve at a rapid pace. As more projects, products, and services are introduced, users become increasingly intrigued with the full potential of the sector. However, there was a limitation that prevented users from accessing multiple blockchains and DeFi applications through a single platform. This is where the value proposition of the Polkadot comes into play.

Polkadot is a multichain network that provides interoperability among several blockchains for users while maintaining high scalability and speed in processing transactions. It supports many parachains, enabling developers to build their blockchains seamlessly. This is done through a network of specialized blockchains connected together. The Polkadot network works like a bridge between them to provide secure, high-speed, and low-cost transactions between them.

The past few months of 2022 were tough in the crypto market as most crypto projects saw a drastic drop in performance. This was due to the unexpected collapse of the FTX crypto exchange. However, the Polkadot network reports massive growth in its ecosystem during Q4 2022. This is due to the hard work of the Polkadot and Kusama community. They have been busy building the largest and most diverse ecosystem of layer-1 blockchains in the world. This is aimed at creating a better web for users.

The Polkadot network is revolutionizing the world of blockchain technology by offering a platform that is secure, fast, and cost-effective. It is paving the way for a new era of interoperability between blockchains and DeFi applications. By allowing users to access multiple blockchains and applications through a single platform, it has become increasingly popular in the crypto space. The Polkadot and Kusama community are continuing to build an ecosystem of layer-1 blockchains, showing the world the power of Polkadot.