: Stellar (XLM) Price Drops 7% Despite Recent Upgrades

• Stellar (XLM) has seen bearish price movement for the past few days, falling from $0.076 to $0.0708 – a drop of 7%.
• The price of Stellar (XLM) has fallen by 30% since the collapse of FTX.
• Stellar enables real-time transactions to occur anywhere in the world in as little as five seconds, and a new smart contracts platform called Soroban has released its second preview.

The global cryptocurrency market is still struggling to recover, and this has had a significant impact on the performance of Stellar (XLM). The digital asset has fallen from $0.076 to $0.0708 over the past seven days, representing a decrease of 7%. Additionally, the price of Stellar (XLM) has dropped by 30% since the collapse of cryptocurrency exchange FTX.

Stellar (XLM) is a decentralized digital asset that enables real-time transactions to occur anywhere in the world in as little as five seconds. It is designed to have a smaller carbon footprint than other digital assets, as its authentication cycle is fast, keeping energy use to a minimum. The digital asset also serves as a decentralized currency exchange, allowing users to track all of their assets with an order book.

In order to further improve its platform, Stellar has recently released its second preview of a new smart contracts platform called Soroban. The upgrade is intended to increase platform developer friendliness, scalability, and sensibility. Additionally, Ethereum recently transitioned from the proof-of-work (PoW) to the proof-of-stake (PoS) consensus mechanism following the Merge. This step is intended to make cryptocurrencies more eco-friendly, and Stellar is well-positioned to benefit from this trend.

Overall, while Stellar (XLM) has seen bearish price movement for the past few days, the digital asset could benefit from recent upgrades and the overall shift towards eco-friendly cryptocurrencies. With a smaller carbon footprint and fast authentication cycle, Stellar has the potential to become a major player in the global cryptocurrency market.

Institutional Investors Betting Big on Bitcoin, Bull Run in 2023?

• Bitcoin’s hashrate has been rising lately, with two mining pools controlling more than 50% of the world’s hashrate on December 29, 2022.
• The year 2022 has been quite bearish for Bitcoin, with the largest cryptocurrency in the world by market capitalization losing almost 65% of its value.
• Despite the bear market, institutional investors are placing substantial bets on Bitcoin, which could indicate a possible bull run in the near future.

The crypto community is closely monitoring the Bitcoin markets as the annual close of 2022 approaches. With the closing price for BTC/USD on December 31, any sudden volatility could make 2022 a tough bear market year. However, recent developments in the Bitcoin network suggest that it might make a comeback in 2023.

The hashrate of Bitcoin has seen an uptick recently, with the network’s hashrate increasing from the low 170 exahash per second (EH/s) observed earlier this week to above the 300 exahash level. Additionally, according to three-day hashrate distribution statistics taken on December 29, 2022, two mining pools control more than 50% of the world’s hashrate.

The year 2022 has not been good for Bitcoin. Since the beginning of the year, the largest cryptocurrency in the world by market capitalization has lost almost 65% of its value. This has left more than 50% of BTC investors in losses, resulting in a meltdown in the crypto markets.

Despite the bear market, institutional investors are placing substantial bets on Bitcoin. Michael Saylor, a co-founder of MicroStrategy, has a strong bullish outlook for Bitcoin. His company currently owns approximately 130,000 BTC, or 0.62% of the 19 million Bitcoin currently in circulation.

History suggests that bull runs in the price of Bitcoin typically last four years. Hence, the first step of this cycle is the accumulation of Bitcoin, which could be followed by an uptrend and selling. With institutional investors continuing to place big bets on Bitcoin, we might be seeing the start of a bull run in the near future.