Daily Crypto News

April 22 Daily report: UNI closes the gap to $40, ETH makes incredible strides toward $2,550, SOL, Solana hits new highs, Bitcoin Hashrate Causes Miners To Earn $16.7 Million and IOTA’s +750% hike in 2021

SOL, Solana hits new highs as DApps, Defi and stable coins join the network

Solana price is pushing toward new highs as an increasing number of DApps, Defi projects and stable coins build platforms on the network. High fees and slower transaction times on the Ethereum (ETH) network have left the door open for new layer-1 solutions to emerging, and Solana (SOL) is one such project that has been gaining traction lately Solana is a single-chain, delegated-Proof-of-Stake protocol, founded by former Qualcomm, Intel, and Dropbox engineers in late-2017, focus on delivering scalability without sacrificing decentralization or security. looking forward to SOL, Solana hits new highs.

UNI closes the gap to $40 despite broad-based crypto retreats

Uniswap leads recovery in the market, posting incredible gains. Breaking the resistance at $40 could bolster UNI to new record highs. Uniswap has given a blind eye to the ongoing correction in the market to post double-digit gains over the last 24 hours. 

ETH makes incredible strides toward $2,550 record highs

Ethereum is among the best-performing digital assets in the cryptocurrency market following the retreat from record highs of $2,550. The pioneer smart contract token tested support at $2,000 twice before staging the ongoing recovery mission.

Decline In Bitcoin Hashrate Causes Miners To Earn $16.7 Million In 24 Hours

As a result of the decline in hash rate, backlog in transaction processing quickly surged, causing a mounting transaction fee. With the high mining fee, Bitcoin miners have earned nearly $16.7 million in just 24 hours. Because major mining farms are located in China, there was a 20% corresponding decline in hash rate.

IOTA’s +750% hike in 2021 

On the eve of the 1st of January this year, the crypto was valued at just over $0.28. On the 17th of April, right before market-wide corrections set in, IOTA was trading at a price level of $2.18. Put simply, the crypto hiked dramatically to the tune of over 775% in less than four months. That is an extraordinary figure, especially for an altcoin with a market cap of billions.

Ethereum extended

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