Cryptocurrencies Price Prediction: Cardano, Ethereum & Uniswap — Asian Wrap 27 Dec

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Cardano reveals plans to revamp quality of dApps through certification levels

Input Output Hong Kong, the software firm that developed Cardano, is developing certification levels to assess the quality of decentralized applications. Cardano’s goal is to secure smart contracts in its ecosystem. Cardano network is keen on providing high assurance to investors working with smart contracts.

Experts believe that layer-1 solutions MATIC, Solana and Terra could outperform Ethereum

Ethereum price is in an uptrend, however, analysts believe that layer-1 solutions could outperform the altcoin. Analysts have noted a spike in capital inflow in layer-1 solutions Matic, Solana and Terra over the past two weeks. Proponents believe that tokens with high on-chain activity could outperform Ethereum before the end of 2021.

Altcoin whales are accumulating Uniswap and Crypto.com through the dip

Smart Money, capital controlled by institutional investors and large-wallet traders, has fluctuated over Christmas. Groups of whales have accumulated Uniswap and Crypto.com through the dip. Analysts have predicted a rally in Uniswap and Crypto.com tokens.

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Avalanche struggles near $12 as Grayscale files updated form for ETF

Avalanche trades close to $12 by press time on Wednesday, extending the nearly 2% drop from the previous day. Grayscale filed an updated form to convert its Avalanche-focused Trust into an ETF with the US Securities and Exchange Commission.

Bitcoin slips below $87,000 as ETF outflows intensify, whale participation declines

Bitcoin price continues to trade around $86,770 on Wednesday, after failing to break above the $90,000 resistance. US-listed spot ETFs record an outflow of $188.64 million on Tuesday, marking the fourth consecutive day of withdrawals.

Michael Selig assumes role as new CFTC Chair, what does this mean for crypto?

Michael Selig has been sworn in to serve as the 16th Chairman of the Commodity Futures Trading Commission. Selig was confirmed by the US Senate to head the commission last week, following his October nomination by the US President Donald Trump.

Crypto.com hires sports trader for event prediction market-making

Crypto.com plans to recruit a quant trader for the sports market-making team to buy and sell financial contracts related to these events. Opponents argue that internal trading desks put operators or their affiliates on the opposite side of customer trades.

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Bitcoin: Fed delivers, yet fails to impress BTC traders

Bitcoin (BTC) continues de trade within the recent consolidation phase, hovering around $92,000 at the time of writing on Friday, as investors digest the Federal Reserve’s (Fed) cautious December rate cut and its implications for risk assets.

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