Category Archives: Altcoin
Top Predictions for the Coming Week! This Could be the Next Move for These Altcoins! – Coinpedia Fintech News
T he crypto space is undergoing a roller coaster ride since the beginning of the week as the global market cap which was stuck around $1.12 trillion, raised beyond $1.2. Meanwhile, the market cap of the altcoins regained positions above $700 billion. Moreover, the depleting dominance of bitcoin org bitcoin org Event OrganiserTechnologyPayment solution Followers : 0 View profile is raising speculation about increasing the strength of the altcoins in the market.
Therefore, below mentioned are some altcoins which may maintain a significant upswing in the coming week.
Chainlink price broke above the symmetric triangle and reached the crucial resistance close to $10. While a minor rejection has halted the price rally but the mounted buying pressure may eventually coil up the price above $10 during the weekend. The beginning of the weekly trade may be bullish but may face a mid-week correction. Eventually, hold the $11.3 resistance and settle around $12.8 by the end of the week.
Quant price is undergoing a parabolic recovery to regain the levels at the important resistance at $150. Previously the altcoin faced rejection at these levels and may repeat the trend but certainly not drop hard as before. As the asset is forming constant bull flags and ranging high, another breakout from the bullish flag may secure levels above $150 during the first few days of the coming week.
MATIC price just broke above $1 resistance but still has to confirm with the uptrend by closing the days trade around $1.1. However, until then the fear of plunging back below $1 could haunt the Polygon price rally. Meanwhile, the trading volume has dropped drastically which may not offer the price a wider push, hence compelling the price to undergo an ascending consolidation.
Therefore, the MATIC price could eventually consolidate above $1 throughout the weak and fairly visit the lower support at $0.96 a couple of times.
celsius network celsius network [emailprotected] Lending & Borrowing Followers : 1 View profile recently filed for bankruptcy which had heavily impacted the CEL price. However, the price since the beginning of the week has registered a jump of more than 185% while the rounds of short squeeze were prevailing within the space. The buyers have now exhausted and hence the possibility of an interim pullback emerges. In contrast, the bears remain off-the shore & for that reason, the upswing may continue in the coming week.
Flow price seems to have flipped from the lower support and by this, it has reversed the price trend. The price rebounded with a huge influx of buying volume, of which the majority was exhausted in nullifying the bearish impact. Therefore, with the next leg up, the FLOW price is expected to climb close to $4 and accumulate strength by chopping around these levels. By the end of the week, the price could have surged 20% to 25% to secure levels close to $4.
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Will Bitcoin and Ethereum Price Maintain The Bullish Trend In Coming Week? – Coinpedia Fintech News
The overall crypto market cap is now maintaining its range above $1 trillion, and the majority of the cryptocurrency assets seem to be thriving.
The Bitcoin price, which was earlier struggling around $23,000, has reclaimed the $24,000 level and might close the weekend on a bullish note.
However, the latest analysis has a different prediction. As per reports, Bitcoin (BTC) could find its bottom around $20,000.
Capo, a popular crypto analyst took to Twitter saying one last high to rekt early shorts. Another trader named Jibon had a similar warning, as he advised his followers to wait and buy at a higher price (once the trend is confirmed) and to refrain from trading at the spot price.
If you see my tweet and buy $BTC at 18-19K, Then you are in 30% profit (without leverage).
Honestly saying, Right now, I don't feel Safe. I will buy higher. $BTC $ETH $SPX $NASDAQ
On the flip side, Credible Crypto has a bullish approach stating that the Bitcoin price remains bullish until and unless the price loses the $20,700 range.
Relief went a big higher than expected but looks like a liq grab of local highs and still think a move down to green before continuation to 28k+ makes most sense. Cleaned up the chart a bit to make things more clear. Invalidation at 20.7k until then bullish af on any dips. $BTC https://t.co/aBxtO4UsyJ pic.twitter.com/gFgHgYaYRf
Meanwhile, the lead altcoin, Ethereum, is leading the crypto market after the currency saw a splendid surge to reach levels near $2,000. At the time of reporting, Ethereum has slightly plunged and is trading at $1,974, with a surge of 5.11% over the last 24hrs.
Since May 23, this is one of the best Ethereum price actions registered as the currency touched $2,020.
An on-chain analyst, Material Scientist, noted that Ethereums crypto market cap has surpassed 20% while Bitcoins has plunged by 40%.
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Will Bitcoin and Ethereum Price Maintain The Bullish Trend In Coming Week? - Coinpedia Fintech News
Is Dogecoin capable of a 40% rally before the end of Q3 – AMBCrypto News
Dogecoin has been in a downtrend for more than a year now. But there was one particular support level that was keeping investors optimistic regardless of the ongoing bearishness.
Alas, DOGE lost that support, and a lot has changed for the altcoin. Now the question is, can the altcoin actually manage to reclaim the lost support level within the next month?
Despite being stuck under the 16-month-long downtrend line that began in May 2021, DOGE was able to successfully breach it. And, in fact, close above it in March and April.
But in May, the cryptocurrency, along with the rest of the market, crashed, and DOGE lost the $0.1 mark as support. Further crashes throughout June made it more difficult for the meme coin to recover.
However, a gradual incline over the last two months has brought DOGE to $0.07. If Dogecoin goes beyond this point then it will be set in an upward motion, provided broader market cues support a consistent rise.
That is something expected out of the third quarter since the second quarter was a terrible time for the crypto market players, including the likes of Coinbase.
Despite being the second biggest crypto exchange in the world, Coinbase lost over $1.1 billion in Q2, as reported by them in their earnings report.
Thus, recovery is anticipated out of Q3, and with the quarter ending in September, DOGE still has almost two months to regain what it lost.
For the same, it will have to mark a nearly 40% recovery, which is plausible since the altcoin was successful in recovering by 32.84% in two months since the June lows.
But for the same to happen, investors will also have to maintain some bullishness and not escape at the first sign of profits as they did around 20 July when their stance of accumulation turned into liquidation as evinced by the Mean Coin Ages downtick.
If the rise and investors patience is in sync, DOGE will be able to make the 40% rally by the end of Q3.
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Is Dogecoin capable of a 40% rally before the end of Q3 - AMBCrypto News
Should MATIC investors expect alts $290M accumulation trend to decline – AMBCrypto News
Polygon [MATIC] emerged as one of the markets best performers over the last two months. In doing so, it maintained its position among the industrys top cryptocurrencies.
However, on the back of every great rally comes great FOMO, and this leads to the saturation of buying pressure. Could that lead to a trend reversal for MATIC, or does the altcoin still have room to grow further?
With the crypto-markets capitalization hitting the $1.15 trillion-mark, the crypto closed a 218.7% rally today. In fact, the altcoin rose by more than 7.4% in the last 24 hours alone.
Even so, its worth looking at the price charts. Especially since at press time, the Relative Strength Index flashed a possible trend reversal in the works.
The indicator could be seen inching closer to the overbought zone, which MATIC would enter if the buying pressure continues to rise. In fact, it might reach a point where the price may not be able to keep up with the markets growing demand.
The chances of that happening are rising by the day. Ever since the rally began on 20 June after the asset hit its low post-crash, investors have begun accumulating as much MATIC as they could.
Within two months, over 290 million MATIC worth exactly $290 million was bought off by investors.
Alas, accumulation isnt the only existing sentiment as many of the older holders of MATIC moved their supply around. This they did, either to sell or transfer their assets.
The result of the aforementioned was the consumption of 1.66 trillion days The highest recorded figure since MATIC was introduced.
However, it did not bring any damage to the asset as MATIC remained unfazed and kept rallying. The overall effect of the aforementioned hike resulted in the assets market value recovering significantly. It rose significantly into the positive zone, above the neutral level, for almost a month A feat that has been achieved by very few cryptocurrencies.
With this rally, MATIC has gained a significant advantage, one which could help the altcoin maintain its recent hike. The crypto-asset successfully closed above the 23.6% Fibonacci level A critical support zone for any crypto.
Since the levels have been drawn from MATICs all-time high, the charted red line represented a bounce-off zone for a rally towards that point.
If bullishness persists, MATIC will have a shot at rising to its ATH. If not, it will be heading back down soon.
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Should MATIC investors expect alts $290M accumulation trend to decline - AMBCrypto News
Solana (SOL) Price Prediction 2025-30: >$1200 in the offing by 2030? – AMBCrypto News
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCryptos own research on the subject.
Introduced over 2 years ago in 2020, Solana has emerged as a leading cryptocurrency that uses the proof of stake mechanism. This, besides being one of the first to use the innovative proof of history mechanism. In recent years, it is giving a tough run to Ethereum in the global cryptocurrency market.
The currency soared by around 12,000% in 2021, remaining bullish almost throughout the year. At its launch, SOLs price was below $1. However, during the bullish run of 2021, it rose to its ATH of $258.93 on 6 November.
The current year so far has however proven to be highly volatile for all cryptocurrencies and Solana didnt escape this brunt either. So far, its maximum price this year has been $136.38, dated 3 April. Solanas blockchain has also been recently hacked and thousands of users have reported losing their funds worth around $8 million. At the time of writing, the altcoin was trading at just over $46.97.
Today, Solana is one of the fastest-growing cryptocurrencies in the market with almost 89 billion transactions so far. The average cost of a transaction on the platform is $0.00025, making it one of the most economical altcoins in the crypto-universe. With 1,850 validator nodes, it claims to be one of the most secure blockchain networks too.
Today, it is the 9th largest cryptocurrency in the market, with a market capitalization of over $13 billion. Thanks to its high speeds and low costs, Solana has successfully attracted the interest of both retail and institutional investors across the globe.
What is unique about the Solana blockchain is that it is the first platform to adapt the proof of history mechanism. Its innovative approach to technology has gained significant traction in the market. Ergo, investors must be well aware of its previous performance, current market sentiment, and future predictions.
In this piece, we shall closely observe the key performance parameters of Solana, with particular emphasis on its price, market cap, and volume. We shall also summarize the predictions of the worlds most popular and reliable analysts, besides the Fear & Greed Index to assess future projections.
After an extremely successful performance last year, the cryptocurrency market began tumbling in 2022. From around $178 in early January, SOLs price fell to as low as below $80 in mid-March. In early April, it breached the $135-mark before again continuing to fall lower and lower. At press time, SOL was trading at just under $47, with the same underlining a fall of around 70% in 7 months.
By the end of 2020, the market cap of Solana was only a little over $70 million. 2021 proved to be a dream run for the currency as its market cap continued to soar higher and higher, climbing as high as $77.99 billion on 6 November. When 2022 began, its market cap was $55.19 billion, following which it hit a low of $25.49 billion on 13 March.
Market conditions got better in April, briefly, before it plummeted yet again.
Messaris James Trautman recently published a report that analyzed the state of Solana in the second quarter of 2022. With volatility prevalent across metrics in Q1, Solana completely crashed, in line with all the other cryptocurrencies in Q2. The macroeconomic conditions worsened for the industry as tighter regulations kept coming into place and we witnessed the $60 billion collapse of terraUSD and LUNA.
Revenue decreased by 44.4% due to bad network performance, and average transaction fees, in turn, decreased by 40.6%. In Q2, its P/S ratio was 847x. In comparison to Q1, its TVL also decreased by around 68%, similar to a ~70% fall in TVL across all the top 10 DeFi protocols.
The report also mentioned that Solana is one of the leading blockchains when it comes to NFT transactions. Currently, it is home to Solanart, Metaplex, and Magic Eden, among several other NFT marketplaces. Therefore, a rise in this asset class could conversely affect the price and volume of its native cryptocurrency as well.
We must understand that experts predictions vary a lot. Each analyst weighs upon a specific set of factors to forecast the market and different currency metrics. These analysts study the previous market trends as well as future speculations and then arrive at their predictions. It is therefore self-evident that market predictions significantly vary. Even then, unexpected technological and economic changes keep interrupting the market wildly, thereby influencing currency metrics.
Let us now look at what different crypto analysts have to say about Solanas future in 2025.
A Changelly blogpost claimedthat the maximum and minimum prices of Solana in 2025 will be $213.55 and $174.43, respectively. On average, it will trade at around $179.57 in 2025, it added, with SOLs potential ROI predicted to be 441%.
Finders panel of experts also had some predictions to make. According to the panel, SOL can be expected to hit the $166-mark by 2025. Its worth pointing out here that these predictions were made just last month. On the contrary, the panels January 2022 predictions claimed SOL will go as high as $486 in 2025.
DigitalXs Alex Nagorskii has been particularly bullish about the cryptocurrency, claiming,
Solana have implemented several promising protocol updates which appear to have reduced outages in the short term. It remains to be seen if the stability will persist. Solana has captured significant portions of the NFT market from Ethereum and remains a decent competitor in the L1 race.
Predicting markets 8 years down the line is very speculative; it is anyway speculative even for a shorter period. Many noted crypto-analysts and commentators have nonetheless forecasted Solanas metrics for 2030.
In fact, Fortune reported that FTX CEO Sam Bankman-Fried recently said that SOL is the most underrated token right now at least as of a month ago. He added,
I think it had a lot of bad PR over a short period of timeI think it sort of deserved that, to be clear: Technologically, it had a lot of shit to work through But, I think it has already worked through two-thirds of that. I think it will get through the other third.
As far as 2030 is concerned, Finders panel predicted that SOL will go as high as $512 in 2030. As was the case for 2025, the panels January predictions were very different from its July predictions.
Panxora Hedge Funds Gavin Smith is of the opinion that,
SOL is one of the leading contenders in the smart contract blockchain space. They are likely to be one of the chief beneficiaries if the Ethereum upgrades fail to deliver lower transaction fees.
It wouldnt be right to not mention the fact that the Solana Network is prone to outages and has been so for a while now. Will these outages continue and are they likely to have an impact on SOL going forward? Well, its perhaps too soon to say. According to Bitwaves CEO, however,
keeping an eye on Solana, but its the only blockchain that regularly has major outages, which just isnt doable for a financial technology.
In fact, over 65% of Finders panelists believe Solanas Network will continue to see more outages in the future.
Solana has nonetheless continued to implement solutions to enhance its network stability and reliability. It also focuses on expanding its market ecosystem, with the adoption of NFT marketplaces, EVM compatibility, promotion of Solana Pay, and the introduction of Solana Mobile.
Investors should keep in mind that the financial market remains highly volatile, in particular, the cryptocurrency market even more so. Neither individual nor AI-driven analysts can foresee unexpected forces, and their predictions can very likely go wrong. It is for this reason that you should conduct your research and invest sensibly. Even so, the Fear and Greed Index for Solana did have something positive to say to the community.
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Solana (SOL) Price Prediction 2025-30: >$1200 in the offing by 2030? - AMBCrypto News
Polkadot (DOT) Price Prediction 2025-2030: Will DOT go as high as $200 in 2030? – AMBCrypto News
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCryptos own research on the subject.
Have you ever been criticized for your faith in a project that is doing all the work behind the scenes but is ambivalent on the chart itself? Well, welcome to Polkadot (DOT).
A brainchild of Ethereum Co-founder Gavin Wood, Polkadot is one of the leading blockchains in the world right now. Working on a proof-of-stake consensus mechanism, it is unique in supporting multiple interconnected chains. Its interconnected nature has helped it earn a significant number of users over the last few years.
Launched in May 2020, DOTs price soon hit $6.30 in August 2020. Broadly meandering around the price levels of $4 and $5 in 2020, its tides quickly turned the next year. With the cryptocurrency emerging to be bullish for most of 2021, DOTs price touched an ATH of $55 in early November.
However, during the downward spiral witnessed in 2022s Q2, even DOT suffered significant losses. In mid-July, it was valued at just a little above $6.
It is only now that DOT is recovering on the charts. In fact, at press time, DOT was rather resurgent. With a price of $9.54, the altcoin DOT was among the markets top-10 cryptos. Its latest hike allowed the crypto to overhaul DOGE in the rankings.
Among all the markets leading cryptocurrencies, what is peculiar to Polkadot is that it offers an opportunity to users to operate and transact across blockchains. With a circulating supply of over 1 billion coins, DOT is expected to remain one of the markets most popular cryptos.
This also makes DOT one of the most closely observed cryptocurrencies in the market. Ergo, it is critical investors and holders remain aware of what popular analysts have to say about the future of DOT.
In this article, we will briefly summarize the key performance metrics of DOT such as price and market cap. Thereafter, we will observe what the most popular crypto-market analysts have to say about the current and future states of DOT, along with its Fear & Greed Index. We will also present metric charts to complement these observations.
Polkadot performed very well during the crypto-bloom of 2021, crossing the price level of $20 in early February and $30 in mid-February. It breached the $40-mark in early April and kept going up and down for the next few months. After going through a rough patch, it hit an ATH of $55 in early November.
The last month of 2021 was a difficult period of time for the entire cryptocurrency market. Things were no different for Polkadot, with DOT trading at just a little above $26 on 31 December.
Come 2022 and the Russia-Ukraine crisis further pushed the market into chaos. In January-February, DOT was trading at around $18-20. It was thought that the Ukrainian governments decision in March to accept donations in DOT would improve its prospects. Alas, it hardly made any difference as it was only in early April that it crossed the price mark of $23.
In May 2022, the collapse of both LUNA and TerraUSD sent shockwaves across the entire cryptocurrency industry. In fact, on 12 May, DOTs price plummeted to $7.32. June and July also remained dismal for the entire cryptocurrency market, with DOT dipping to as low as $6.09 on 13 July. The news of Japanese crypto-exchange Bitbank listing Polkadot on its platform in early August brought some respite though.
Polkadot has also been scoring on other fronts. For instance, look no further than Messaris latest report on the regenerative finance movements. According to Polkadot,
Similarly, developer activity has been positive for Polkadot too. In may and June, for instance, it had the highest dev count. Over the course of 2022, the same for Polkadot has been second only to Solana.
Understandably, the market capitalization of Polkadot also mirrored the sentiment of the market. 2021 remained a blessed year for the cryptocurrency, with its market cap soaring to nearly $45 billion in mid-May. However, the mayhem of the second quarter of 2022 crippled the Polkadot ecosystem. Even so, at press time, Polkadot enjoyed a market cap of over $9 billion on the charts.
We must first understand that predictions of different analysts and platforms can widely vary and predictions can more often than not be proven wrong. Different analysts focus on different sets of metrics to arrive at their conclusions and none of them can predict unforeseen political-economic factors impacting the market. Now that we have understood this, lets look at how different analysts predict the future of Polkadot in 2025.
LongForecast predicts that DOT will open 2025 with a price of $10.76 and will fall down to $9.38 by the end of March. In fact, the predictions platform also projected a 2025-high of over $13.5 on the charts.
The likes of Changelly, however, have been a little more optimistic in their projections. In fact, it argued that DOT will go as high as $39.85 on the charts, with the altcoin accruing a potential ROI of over 370%.
Similarly, South Africas Capex observed that as DOT attracts more attention and generates optimism in the market, its price will rise in the long-term. Experts predict that DOTs price will hit $10 by the end of 2022. It is also predicted that a new bull market could arrive and push DOTs price to $15. The average DOT price in 2025, it argued, will sit at $15.82.
A Bloomberg news story published earlier this year revealed that according to a Crypto Carbon Ratings Institute study, Polkadot has the lowest total electricity consumption and total carbon emissions per year of the six so-called proof-of-stake blockchains. In fact, it only consumes 6.6 times the annual electricity consumption of an average American household.
Given the high-decibel conversations around the energy usage of cryptocurrencies, Polkadots energy efficiency is likely to attract the attention of customers.
The aforementioned Changelly blogpost argued that as per experts, Polkadot will be traded for at least $210.45 in 2030, with its maximum possible price being $247.46. Its average price in 2030 will be $218.02, it added.
According to Telegaon, on the other hand, DOTs price in 2030 can go as high as $140.15 and as low as $121.79.
Capex also observed that as per fintech experts, DOTs price is likely to increase steadily in 2030. It can easily climb as high as $35, it predicted.
Here, it is worth highlighting that predicting a market 8 years down the line is difficult. Ergo, investors should conduct their own research before investing and be wary of caveats attached to popular projections. Especially since right now, despite DOTs recent rallies, the technicals for the altcoin arent all bullish. In fact, safety first might be the best option right now.
On the contrary, the Fear and Greed Index for Polkadot flashed a Greed signal.
In comparison to other blockchains, Polkadot offers more power to its token holders, such as the roles of nominators, collators, and fishermen, besides that of validators. In short, DOT holders can not only mine the currency, but be an active participant in the blockchain in other capacities as well. This feature puts Polkadot above other PoS blockchains in the race.
Whats next for Polkadot though? Well, according to its roadmap,
Several post-launch upgrades to Polkadot have been under development, including the release of XCM, Polkadots cross-consensus communication standard, upgrades to XCMP (cross-chain message passing protocol), governance improvements, and the launch of parathreads.
It must be reiterated however that predictions arent set in stone and due caution should be taken by investors before investing in the market.
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Polkadot (DOT) Price Prediction 2025-2030: Will DOT go as high as $200 in 2030? - AMBCrypto News
Trade Set-Up for Bitcoin and Altcoin During the Coming Weekend! Will Market Cap Retain the $1T Mark? – Coinpedia Fintech News
Bitcoin and the popular altcoins witnessed significant growth in the past week as the FED raised the interest rates by another 75bps. On the other hand, the US GDP remained negative for the second consecutive quarter. This fueled the crypto markets as the Bitcoin price made a move beyond $24,000 and Ethereum beyond $1760.
Thealtcoin buzz podcast altcoin buzz podcast [emailprotected] Media Followers : 0 View profile also gained notable momentum and followed the trend set up by the top 2 cryptos. However, after reaching the initial highs, both the assets are undergoing a minor pullback but hovering close to these levels. Therefore, the upcoming weeks and the monthly close are extremely important to determine the next plan of action.
The ideal scenario for the BTC price for the coming weekend could be a smooth growth beyond $24,700. Nevertheless, a consolidation between $22,200 and $23,800 may follow after experiencing rejection at these levels.
Further, the dominance of USDT is expected to fall and as the volume of Ethereum is just 35% less than that of bitcoin org bitcoin org Event OrganiserTechnology Followers : 0 View profile , the capital is believed to flow into altcoins. Hence, this paves way for the Bitcoin price to swell notably which would be followed by the popular altcoins.
However, the weekend trades are more uncertain as the market trend flips with a huge margin most of the time. Therefore, a notable correction may also make its way out that may squeeze out all the profits gained in the past week.
Therefore, the overall market cap retaining above $1 trillion is depending on the Bitcoin price rally during the weekend. However, as the monthly close collides with the end of weekly trade, significant volatility is expected that may push the prices beyond $24,500 quickly.
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Trade Set-Up for Bitcoin and Altcoin During the Coming Weekend! Will Market Cap Retain the $1T Mark? - Coinpedia Fintech News
Heres Whats Next for Bitcoin (BTC), Ethereum (ETH) and One Altcoin That Over Exploded 225%: Top Crypt… – The Daily Hodl
A widely followed trader is exploring the near-term outlook of the two largest-crypto assets and one altcoin that has recently printed massive gains.
Starting with Bitcoin (BTC), the trader known as Altcoin Sherpa tells his 180,600 Twitter followers that the flagship crypto asset could sustain its bullish momentum if it manages to overcome a key resistance level.
BTC: Getting closer and closer We break $24,000 solidly and I think we see high $20,000s after.
Bitcoin is trading at $23,752 at time of writing.
Altcoin Sherpa also highlights a number of technical indicators suggesting that a move to the upside appears imminent. However, he remains cautious that BTC can still possibly revisit its bear market lows.
BTC: A few notes:
-First potential bullish major on the four-hour chart since end of March.
-First bullish exponential moving average crossing since March.
-Still high timeframe bearish on the daily chart.
-NOT a macro reversal in my opinion, doubtful it goes past high $20,000.
-I still think $17,000s will get swept eventually.
Looking at Ethereum(ETH), Altcoin Sherpa says the second-largest crypto asset by market cap will likely continue to outpace other crypto assets. The crypto strategist shares the chart of Solana against Ethereum (SOL/ETH) to show that SOL is in a downtrend against the leading smart contract platform.
Is ETH going to just keep outperforming everything (BTC included)? Or is anything else going to outpace it? Interesting to see the layer-1/ETH pairs right now: SOL and AVAX.
I personally think ETH just continues to outperform in the midterm but thats just me.
Altcoin Sherpa says its the same case for the Avalanche against Ethereum (AVAX/ETH) pair.
Ethereum is exchanging hands at $1,714 at time of writing.
Another altcoin on the traders radar is the Ethereum hard fork Ethereum Classic (ETC). The smart contract platform surged from $13.92 on July 14th to its recent high of $45.27 on July 29th, an increase of more than 225% in about two weeks.
Altcoin Sherpa says that Ethereum Classic is likely due for one more leg up toward its immediate resistance before a correction could take place.
ETC: Ive been gone the last 10 days relatively so I missed this entire move. Looking for shorts in the high $30s. I think that this is a decent short due to the length of time spent in between each peak + this will need to cool. I have my alerts.
Ethereum Classic is trading at $40.17 at time of writing.
Featured Image: Shutterstock/Bruce Rolff
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Heres Whats Next for Bitcoin (BTC), Ethereum (ETH) and One Altcoin That Over Exploded 225%: Top Crypt... - The Daily Hodl
CRV Price Analysis: Reversal Within This Pattern May Drop Prices By 12% – CoinGape
Published 23 hours ago
The ongoing recovery in the CRV/USDT pair is rising under the influence of an ascending wedge pattern. For nearly seven weeks, the altcoin within this pattern has gained 174% as it reached a high of $1.56. However, a bearish reversal from the patterns trendline provides another pullback opportunity allowing potential buyers to accumulate this token at a discounted price.
Source- Tradingview
In theory, the falling wedge pattern is a bearish reversal pattern that signals an imminent breakdown to the downside. Thus, as buyers get exhausted from carrying the market value higher, the altcoin may eventually breach the support trendline to trigger the upcoming downfall.
On July 29th, the CRV price reverted from the resistance trendline, initiating another bear cycle within this pattern. The reversal breached an immediate support level of $1.435, offering an extra edge for a possible retracement.
Today, the CRV price is down by 0.77%, showing sustainability below the poked support. Thus, sustained selling should lead the price to 12% down before it hits the ascending trendline.
Thus, if the CRV price pierce this support trendline as well, the coin sellers would extend the correction to the $0.87 mark.
Conversely, under a strong bullish scenario, an upside breakout from the patterns resistance trendline is possible, which may accelerate the bullish momentum.
RSI indicator: while the price action is forming new higher, the daily-RSI slope walking a lateral path signals weakness in bullish momentum. Thus, a bearish divergence from this momentum indicator supports a correctional theory.
EMAs: the rising price has flipped the 20-and-50-day EMA into dynamic support, assisting buyers in maintaining this recovery. Moreover, the price has recently breached the 100-day EMA may stall the expected downfall.
From the past 5 years I working in Journalism. I follow the Blockchain & Cryptocurrency from last 3 years. I have written on a variety of different topics including fashion, beauty, entertainment, and finance. raech out to me at brian (at) coingape.com
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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CRV Price Analysis: Reversal Within This Pattern May Drop Prices By 12% - CoinGape
Ethereums network activity has these tips for long-term investors – AMBCrypto News
The price of the leading altcoin, Ethereum [ETH], traded above $1,770 during the intraday trading session on 28 July. The last time that the altcoin reached this price was on 10 June.
Furthermore, according to data from Santiment, with the recent price rally, the coins trading volume has hit a six-week high.
Two days ago, Ethereum witnessed significant growth in the number of unique addresses that traded the king alt as the daily active addresses hit an all-time high (ATH).
According to data from IntotheBlock, over 1.1 million addresses made an ETH transaction two days ago, making a total of 1.64 million transactions recorded that day.
What else did we spot about the alts performance in the last 24 hours?
Trading at $1,724.91 at press time, data from CoinMarketCap revealed a 5.79% growth in the price of the altcoin in the last 24 hours.
The altcoins trading volume also witnessed a 7.93% uptick within the same time and its trading volume stood at 26.74 billion at press time. The alts trading volume has risen rapidly by 41% in the last seven days.
Following the price rally of 28 July, ETHs market capitalization reclaimed the $205 billion spot. At press time, the alts market capitalization stood at $211.34 billion. At $133.35 billion just a month ago, ETH registered a 58% growth in its market capitalization in the last 30 days.
On the four-hour chart, the ETH coin was severely overbought. The tokens Money Flow Index (MFI) was spotted in an uptrend at 90.40. Similarly, its Relative Strength Index (RSI) maintained a position at 70.08 index.
With key indicators trading at these levels, caution is necessary as a bearish retracement usually follows such highs.
In the last 24 hours, 501.89k unique addresses have transacted the ETH coin. This represents over a 90% decline in daily active addresses since the high of 26 July.
The index for the new addresses created daily on the ETH network has risen steadily in the last seven days. With 74,000 new addresses created in the last 24 hours, the alt has seen a 4% growth in the new addresses created on its network daily.
However, on a 24-hour window, this has declined by over 25%.
Further, after growing by 36% in the last four days, the coins transaction volume plummeted in the last 24 hours. 468,000 at press time, transaction volume has declined by over 500%.
Valued in USD, this represented a drop from $6.09 billion to $1.09 billion.
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Ethereums network activity has these tips for long-term investors - AMBCrypto News