On January 11, Bitcoin (BTC), the world’s largest cryptocurrency, remains bullish but faces stiff resistance at $17,500. In addition. EtherealThe price of (ETH) is consolidating in a narrow range of levels of $1,320 to $1,345.
Bitcoin named dirtiest crypto of 2022
according to a poll, a Luxembourg-based currency exchange and education website, Bitcoin was the world’s most polluting cryptocurrency in 2022, emitting around a ton of carbon dioxide (CO2) per transaction. After pollution was reduced in 2021, the Bitcoin network had a significant increase in CO2 emissions last year, according to the analysis.
In 2022, the total CO2 emissions from the Bitcoin network were almost 86.3 million tons. According to the trading platform, if we were to plant trees at the rate of 431.6 million per year, we could offset the annual Bitcoin emissions.
The growing trend of Bitcoin miners to switch to greener energy sources was overlooked in the research. The Bitcoin Mining Council predicts that by the end of Q3 2022, the share of renewable energy used in Bitcoin mining will have risen to 59.4%, up from 58.6% a year earlier.
Bitcoin It is currently trading at $17,500, with a 24-hour trading volume of $16 billion. Bitcoin has been on a minor negative pullback after failing to break above the $17,500 resistance level. It is now getting immediate support as it approaches $17,200.
A successful breakout of the $17,500 level could push the price of Bitcoin to the next resistance level of $17,800. On the 4-hour time frame, Bitcoin created a doji candle, indicating the amount of investor indecision. Perhaps, they are waiting for a solid reason to determine the next move in the market.
On the downside, the $17,200 level is expected to trade as immediate support, with a negative break of this point extending the downtrend to the next support level of $16,800 or $16,650.
The current price of Ethereal is at $1,330, with a 24-hour trading volume of $5.6 billion. The ETH/USD pair is facing significant resistance around the $1344 level on the 4-hour period, which is being extended by a double top pattern.
If the $1,345 level is broken, the ETH price can move to the next resistance zone of $1,370. The close of the doji and spin candles above the 1315 trading level supports the possibility of a significant rally.
On the downside, ETH price can find support around $1,315, and a break below that level can allow further selling to $1,275. Today’s uptrend is dominant, so look for buying opportunities.
Altcoins with massive growth potential
Given the recent crash in the cryptocurrency market, some altcoins are making headlines.
He To struggle (FGHT) works similar to a personal trainer, with the exception that training time is paid for in advance with the FGHT token. All activities are tracked and can be used to improve metaverse avatar metrics.
The FGHT pre-sale is going well, with nearly $2.80 million raised so far. The current asking price of 60.06 FGHT per $1 (FGHT can be purchased using ETH or USDT) is expected to rise as the sale progresses.
Dash Trading 2 (D2T)
dash 2 trade The developers of the ecosystem announced that the D2T token, the native cryptocurrency of the platform, has successfully raised $15 million. At the end of 2022, the pre-sale of the digital asset began and, in recent months, it has been one of the highest performing new coins on the market. It looks like D2T is ready to move on to the next stage now that it has reached its pre-sales target.
The creators of Dash 2 Trade showed great foresight by securing listings on multiple exchanges even before the coin was launched. On January 11 at 10 am UTC, the cryptocurrency will be available on BitMart, Gate.io, LBank, and Uniswap.
C+Load is working on blockchain-based EV payment software that, for the first time, will give EV drivers carbon credits every time they charge up. C+Charge sees this as a method of leveling the playing field in the carbon credit market, which has traditionally been dominated by a few large corporations.
According to forecasters, the project has potential as it will benefit from significant anticipated development in the carbon credit market. Coherent Market Insights estimates that the market will be worth more than $2.4 trillion by 2027, up from its 2019 value of approximately $211.5 billion.
For C+Charge, the potential to earn carbon credits is an added incentive to accelerate the already rapid shift to electric vehicles. The voluntary credit market (VCM) is expected to expand to $100 billion by 2030, and analysts believe that startups like C+Charge will play an important role in this expansion. So far, the presale has raised $244,700.