Here Comes The Squeeth

Loopring's LRC Token Holds Price Support
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The following are the biggest movers in the CoinDesk 20 digital assets over the past 24 hours:

Biggest Gainers:

Asset Ticker Returns Sector
Bitcoin BTC +0.8% Currency
Dogecoin DOGE +0.8% Currency
Filecoin FIL +0.3% Computing

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Asset Ticker Returns Sector
Internet Computer ICP −6.0% Computing
Chainlink LINK −5.0% Computing
Cardano ADA −4.4% Smart Contract Platform

Sector classifications are provided via the Digital Asset Classification Standard (DACS), developed by CoinDesk Indices to provide a reliable, comprehensive, and standardized classification system for digital assets. The CoinDesk 20 is a ranking of the largest digital assets by volume on trusted exchanges. 

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CoinDesk Presents New Money, Premiering Jan. 12

New Year, New Money

New Money, a new series by CoinDesk, explores what it means to be part of the new "creator economy." In the talk show hosted by Spencer Dinwiddie and Solo Ceesay, we hear from pro athletes, celebrities and social media influencers who are on the cutting edge of interacting directly with fans and developing new ways to generate revenue from their own celebrity. Learn more here.

Technician's Take

By Omkar Godbole

Loopring's LRC Holds 200-day MA Support

LRC's daily chart with 200-day moving average (Source: TradingView) 

LRC's defense of the widely-tracked 200-day moving average (MA) line, coupled with the bullish divergence of the 4-hour chart relative strength index, signals a corrective rally ahead. 
 
Acceptance under the 200-day average may embolden bears, yielding a more profound decline. 
 
Loopring is an Ethereum-based layer 2 solution for scalable, secure exchanges and payments. 

ICYMI

In case you missed it, here are the most recent episodes of "First Mover" on CoinDesk TV:

 

Bitcoin Down as Stock Futures Tumble, Former Acting Comptroller of the Currency Brian Brooks Shares View on US Stablecoin Regulation, FTX Sets Up $2B to Invest in Crypto Startups

 

Former Acting Comptroller of the Currency and current Bitfury CEO Brian Brooks joins "First Mover" to discuss the U.S. stablecoin regulations. Meanwhile, FTX announces a $2 billion venture fund to invest in crypto industry startups. FTX Ventures Lead Amy Wu shares details from behind the scene. Bitcoin is down along with stock futures. OANDA Senior Market Analyst Edward Moya provides his market analysis. Plus, a regulatory update from CoinDesk Managing Editor for Global Policy & Regulation Nikhilesh De.

 

Disclaimer: The information presented in this message is intended as a news item that provides a brief summary of various events and developments that affect, or that might in the future affect, the value of one or more of the cryptocurrencies described above. The information contained in this message, and any information liked through the items contained herein, is not intended to provide sufficient information to form the basis for an investment decision. The information presented herein is accurate only as of its date, and it was not prepared by a research analyst or other investment professional. You should seek additional information regarding the merits and risks of investing in any cryptocurrency before deciding to purchase or sell any such instruments. 

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