There is a lot of volatility in the crypto market today; Bitcoin dipped down by 8 percent to about 46,500. ADA was down the most earlier today.
The ADA dip was quite expected because people always sell their crypto after significant events. Leading up to the Mary Hard Fork update, there was a rise in price in anticipation, and now people have sold their gains. Until there is a significant event coming up, we might not be expecting a surge anytime soon, and Cardano might be stagnant for a while.
XRP was slightly in the green today; Uniswap is now eighth place in market capitalization. We are now getting close to the Uniswap Version 3 launch, which will be very good for the crypto space, and it could also pump Ethereum as well.
Uniswap flipped not only Litecoin but Chainlink, Bitcoin Cash, and Stellar as well and jumped into the top ten. This is a signal that we are getting close to seeing Version 3. Ethereum could also recover to 2,000 if Uniswap Version 3 launches and eliminates many gas fees. The launch will also open the door to a lot more investors buying into these smaller altcoins on the Ethereum blockchain that would not have been purchased before because the Ethereum gas fees are too high.
XRP announced something earlier, which explains why it is not down with everything else. Anytime we see a dip in the crypto market, and especially with the top ten coins, XRP is never affected. This might be a coincidence because whenever this is about to happen, XRP always makes an announcement.
If PayPal is on schedule, hopefully, they will launch Crypto Merchant Payments in March. This will be huge not only for Litecoin but also for the entire crypto space, and a lot of announcements will come from this from a lot of significant merchants accepting crypto as payment for the first time. A lot of merchants will most probably do this because it will get them marketing from these announcements.
PayPal crypto merchant payments and Uniswap Version 3 are two bullish things that will play out this month, but till then, this volatility will continue.
A lot of indicators depict that the Bitcoin bull run is still in its early stages. We are around mid-2017 levels of the previous bull run which is the beginning of the bull run.
