April 23, 2023

Just as a cautious businessman avoids investing all his capital in one concern, so wisdom would probably admonish us also not to anticipate all our happiness from one quarter alone.

-Sigmund Freud

Dogecoin (DOGE) was once a popular cryptocurrency with its meme-inspired logo and the backing of high-profile figures like Elon Musk. However, the hype surrounding DOGE has died down in recent months, with the price of the cryptocurrency stagnating. This has caused many investors to become frustrated with the lack of movement in DOGE and they have started to flock towards RenQ Finance (RENQ) as an alternative. RENQ has seen a surge in popularity due to its innovative features and potential for growth.

Source: crypto-news-flash

On Wednesday, Ethereum (ETH) price dropped suddenly as investors liquidated their positions, causing bullish liquidations to jump to the highest point since March 9. The coin pulled back to a low of $1,976, the lowest level since Monday this week, and has dropped by more than 8% from its previous high. This sudden drop in price has caused concern among investors, as they are now uncertain of the future of Ethereum and other cryptocurrencies.

Source: btcethereum

The leaders of the European Parliament's largest political groupings have indicated that they will support the landmark MiCA law ahead of a vote on Thursday. The MiCA law is a proposed regulation that would create a single market for digital financial services, such as digital banking, payments, and insurance. It is seen as a major step forward in creating a more unified and competitive digital financial services market in the European Union. The MiCA law is expected to pass the vote on Thursday, with the support of the largest political groupings in the European Parliament.

Source: coindesk

The top 5 XRP addresses hold over 7 billion coins, with the majority of them belonging to Ripple, Binance, and UpHold. Despite the legal pressure from the Ripple vs. SEC lawsuit, XRP remains one of the most widely-held crypto tokens, with a total market capitalization of over $50 billion. This shows that XRP is still a popular asset among investors, and its future remains uncertain as the lawsuit continues.

Source: thecryptobasic

This company recently underwent a Series B fundraise, five months after having to cut 15% of its staff due to the pressures of the crypto winter. This fundraise is likely to help the company recover from the losses it experienced during the crypto winter and help it move forward with its business goals.

Source: coindesk

Shiba Inu Coin (SHIB) saw a mild recovery last week as Bitcoin (BTC) prices spiked. However, the price of SHIB is expected to surge as Binance, the world's largest crypto exchange, is upgrading its listing. Crypto whales have been observed moving trillions of SHIB tokens ahead of the Binance upgrade, indicating that the SHIB price could be set to increase significantly.

Source: coingape

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