Top Crypto News: 1/24 - Solana Goes Down Again

The entire crypto space is in uncertain times. Crypto prices are further down the charts, and there is a lot of fear, uncertainty, and doubt (FUD) among crypto investors.

As part of today’s top crypto news, Bitcoin is currently down by 5.0% in the last 24 hours and trading at $33,653. Ethereum, on the other hand, is trading at $2,199 ( -9.9% in the last 24 hours).

Amidst the entire carnage, MicroStrategy shares are down by at least 17%. And the U.S. SEC also rejected the company’s crypto accounting. Interestingly, the Fed has a meeting scheduled for January 25 and 26, 2022. The outcome of this meeting will further determine if the crypto space will sink lower down the chart or if we would experience a bounce back.

Amidst the crypto bloodbath, El Salvador seems really bullish about Bitcoin. The country also recently purchased 410 worth of bitcoins for only $15 million. While this is no financial advice, this is definitely a good time to keep on “hodling” on to your crypto assets or, better still, to buy the dip.

Let’s find out some interesting crypto news for today.

1. Fantom Becomes the Third Largest DeFi Protocol

Decentralized platform Fantom has gained prominence in the DeFi space over the last week. Interestingly, Fantom-based DeFi projects grew by an estimated 52% by value locked. Furthermore, overtaking Binance Smart Chain (BSC) and becoming the third-largest DeFi ecosystem by TVL.

According to DeFi Llama, Multichain is currently the biggest project on the Fantom ecosystem.

2. Solana Network Goes Down Again

Solana is down again! Its most recent outage lasted for over 24 hours. Resulting in mass liquidation among Solana network users. Following investigations, Solana disclosed that the outage was as a result of “excessive duplicate transactions.”

Notably, this is the second time Solana is experiencing a major network outage this year.

3. Metastrike Marketplace Set to Go Live

Blockchain-based, VR, RPG game Metastrike has announced plans to launch its marketplace. The marketplace is set to go live on January 26, 2022. Apart from its upcoming marketplace launch, the Metastrike roadmap for Q1 2022 includes:

  • Its IDO launch
  • Closed beta version, and
  • Lastly, NFT sale.

4. Meland Upcoming Update

Learning and earning MMORPG metaverse Meland has revealed plans to launch a new version. According to reports, the new version update is scheduled to go live on January 25, 2022.

Interested persons will also have the opportunity to create their own world on the Meland ecosystem.

Also, join us on Telegram to receive free trading signals.

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