Crypto Price Update Today, Bitcoin To Ethereum Strengthens

Posted on

Crypto Price Update Today, Bitcoin To Ethereum Strengthens

JAKARTA – The crypto asset market looked bright on Wednesday (23/3/2022), after the previous movement tended to be mixed.

According to Coinmarketcap, 9 of the 10 largest market cap crypto assets have moved in the green in the last 24 hours.

The most shining crypto value this morning, Cardano (ADA) rose 8.3 percent at the level of 0.9 US dollars. Followed by Polkadot (DOT) in the position of 20.06 US dollars or rose 6.6 percent. Solana (SOL) also rose 3.2 percent to 91.9 US dollars.

Bitcoin (BTC) also rose 3.2 percent at the position of 42,611 US dollars. Followed by Ethereum (ETH) which was at the level of 3,004 US dollars or strengthened 3.01 percent. Dogecoin (DOGE) also rose to 0.12 US dollars, up 2.7 percent.

Meanwhile, Binance Exchange (BNB) rose 2.16 percent at the level of 406.2 US dollars, while Terra (LUNA) was at the level of 93.4 US dollars, down 2.13 percent.

This morning, Tether (USDT) rose 0.001 percent at the position of 1 US dollar, as well as USD Coin (USDC) which was at the level of 0.9 US dollar or strengthened 0.003 percent. For information, USDT and USDC are crypto currencies of the stable coin class or types of cryptocurrencies created to offer stable prices against the US dollar.

Citing CNBC, Ethereum developer Vitalik Buterin has expressed concern about the potential danger of being dystopian if crypto is used incorrectly. For example, environmental issues, tax evasion, money laundering, and fraud.

Buterin pointed out, one example of this trend is the explosion in the value of NFT, or non-exchangeable tokens, such as the Bored Ape Yacht Club.

“The danger is that if you have $3 million worth of tokens, then this could be a different kind of gambling,” said Buterin.

Lately, Buterin has made a concerted effort to talk and try to ensure that Ethereum is still used for projects ranging from voting systems to urban planning.

“The only things that are built are things that are immediately profitable. If you don’t speak up, it’s often far from what’s actually best for the world,” he added.

This is not the first time Buterin has raised concerns about crypto assets. In 2018, Buterin warned investors about the volatility of the space, and told people that “traditional assets” are still a better place to keep money.

“Keep in mind, crypto assets are still a new and hyper-volatile asset class, and could drop to near zero at any time. So don’t put in too much money, if you can’t bear the loss,” he said.

This article was published under the title “Bitcoin to Ethereum Strengthens, Watch Crypto Prices Today”

Leave a Reply

Your email address will not be published.