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Daily Crypto News Jan 3, 2022: Top 3 crypto updates for today

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2022 is already here and there has already been a report signifying a substantial increase in the number of long-term Bitcoin holders. The number of Bitcoin whales continues to reduce while the number of long-term holders is on a rise. This is primarily due to the increased rate of adoption of Bitcoin. 

Dogecoin’s competitor Shiba Inu is all decked up to release its very own decentralized autonomous organization (DAO) called the DOGGY DAO. This shall also have its governance token called BONE with a staked version of the same called tBONE which shall allow the community to take decisions within the DOGGY ecosystem. What does this move mean for the SHIB coin in 2022? 

Cardano was the top project with maximum developer activity in 2021. The list included projects like Kusama, Ethereum, and Polkadot. An increased developer activity indicates the increased long-term strength of the project. Read in detail below what 2022 has in store for these projects. 

Quick Crypto News Roundup! 

  

Daily Crypto News  Jan 3, 2022

The dominance of Bitcoin whales hits ATL as long term holders stash continues to increase

According to the latest reports by the analytics firm glass node, the number of Bitcoin whales continues to decrease while there has been a surge in the number of long-term Bitcoin holders. 

The rate of Bitcoin adoption has drastically increased in recent years all thanks to the amazing price run the asset has been through. This has fuelled a large number of institutional as well as retail traders and investors to enter the crypto space. 

 

According to reports from Statista, the number of blockchain wallet users across the globe saw an increment of 8810.11% from December 2013 to November 2021. 

Read in detail what the New Year of 2022 has in store for Bitcoin holders. 

Source: ZyCrypto.com

Shiba Inu to launch new Decentralized Autonomous Organization (DAO)

The popular meme crypto and competitor of Dogecoin. Shiba Inu (SHIB) is set to launch its own decentralized autonomous organization (DAO). The developers at Shiba Inu announced in a blog post that they shall be releasing DOGGY DAO, a new governance protocol of SHIB phase-wise. 

The first phase shall require provisions from users on which crypto projects and trading pairs to be included in ShibaSwap, SHIB’s DEX. BONE shall be the governance token for the ShibaSwap protocol while its staked version tBONE will be used to vote within the DOGGY DAO. The second phase shall see the implementation of the system that shall allow the users to send generic proposals to consider. 

Read in detail what ShibaSwap and DOGGY DAO are going to be like and how it shall benefit the SHIB Holders. 

Source: Dailyhodl

Cardano leads the pack with most developer activity in 2021

In the latest report released by Santiment,  some less popular tokens have attracted significant attention from developers. The leader of this pack was Cardano. The daily active development activity has taken place for Cardano while Uniswap remains among the top 20 DeFi protocols that attracted attention from developers in 2021. 

This increased developer activity indicates the strength of the project in the long term. The top 20 projects by aggregated development activity for 2021 include Ethereum, Kusama, Cardano, and Polkadot.

Read in detail about the top 20 projects having the most developer activity in 2021 and how they shall perform in 2022. 

Source: Beincrypto.com

Crypto Market Trend January 3, 2022

Here is a quick summary of the top crypto gainers and losers for the day. 

Top 3 Crypto Gainers 

Cryptocurrency  Price (latest by January 3, 2022)  Change in % 
Yearn. finance (YFI) ₹33,09,169.48 13.84%
Polymath (POLY) ₹46.96 9.93%
Civic (CVC) ₹31.05 9.45%

*Prices are latest by 11 AM January 3, 2022.*

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by January 3,  2022)  Change in % 
Chromia (CHR) ₹68.44 7.6%
NEAR Protocol (NEAR) ₹1119.05 5.75%
Curve (CRV) ₹468.51 5.35%

*Prices are latest by 11 AM January 3, 2022.*

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