Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Bullish
Dogecoin Millionaire Looking To Double His Capital Now Extremely Bullish On These Four Altcoins
The post Dogecoin Millionaire Looking To Double His Capital Now Extremely Bullish On These Four Altcoins appeared first on Coinpedia Fintech News A notable Dogecoin investor, having reached millionaire status, is setting sights on growing his wealth even further. His strategy now includes four alternative cryptocurrencies he believes will surge. With the 2024 bull run upon the market, this individual’s choices are especially relevant for those looking to capitalize on the current upswing. This article zeros in on the selected…
1 year ago
Bullish Bias Persists for Bitcoin (BTC) Options Markets: Kaiko
According to data from Kaiko, a bullish bias persists for Bitcoin options despite the recent market volatility. Last week, Bitcoin experienced volatility, briefly dipping below the $57,000 mark before experiencing a weekend rebound fueled by easing concerns over Fed interest rates. Bullish Shift in the Bitcoin Options Market The decline in Bitcoin’s price last week proved advantageous for put options set to expire at the end of May. Put options within the $57,000 to $60,000 range briefly entered the money,…
1 year ago
Hold Tight! Crypto Long-Term Believers Signal Bullish Future
The post Hold Tight! Crypto Long-Term Believers Signal Bullish Future appeared first on Coinpedia Fintech News Recent data from CryptoQuant shows long-term Bitcoin holders are keeping a tight grip on their holdings, with the Binary Coin Days Destroyed (CDD) index registering a low 0.14285714. This indicates minimal movement over the past week, signalling increased confidence in the Bitcoin price. This loyalty is often bullish, reflecting a joint idea of a bull run coming soon. Their reluctance to sell and Bitcoin…
1 year ago
Is Render (RNDR) the most bullish altcoin right now?
As bitcoin continues to bounce higher, a lot of the altcoins are starting to follow suit. However, among the most bullish of them all has to be Render (RNDR). How far can this one go? $RNDR breaks out Source: Coingecko/TradingView $RNDR has broken out of the triangle it had been in since early March of this year. Within this triangle was the huge push up to the new all-time high at $13.80, and then a downward and to the right…
1 year ago
Bullish Signs for Polygon (MATIC) Price Amidst Consolidation Phase
MATIC investors eagerly await a breakout from its consolidation phase, aiming for a price surge. Recent data shows a decline in MATIC supply on exchanges, suggesting potential price spikes. Polygon (MATIC) investors eagerly await bullish cues to break the altcoin out of its current consolidation phase. Matic has been in a consolidation phase, trading between $0.74 and $0.64 for several weeks. Despite repeated attempts to breach the upper resistance at $0.74, the token has yet to sustain a breakthrough. However,…
1 year ago
Altcoin Market Poised for Growth as Analysts Predict Bullish Pattern
The post Altcoin Market Poised for Growth as Analysts Predict Bullish Pattern appeared first on Coinpedia Fintech News The dominance of Bitcoin ($BTC.D) in the cryptocurrency market is fading out, indicating a shifting sentiment in that market favoring altcoins. Currently, the altcoin market is showing promising signs of growth as well-known crypto analyst Moustache, has identified a potentially bullish pattern, suggesting an upcoming uptrend for the altcoin market. Altcoin Breaking Descending Pattern Moustache, a prominent crypto commentator, has identified a…
1 year ago
XRP Holders Stack Coins Despite Price Dip: Bullish Signal Or HODL Of Desperation?
The cryptocurrency market has been battered by recent storms, with many altcoins experiencing significant price drops. XRP, however, seems to be weathering the tempest with a hint of defiance. While its price has dipped, on-chain data reveals intriguing trends that suggest a potential silver lining for XRP investors. XRP Accumulation On The Rise: Diamond Hands Or Whale Whispers? Despite the price decline, a surprising trend has emerged. The number of investors holding between a thousand and 1 million XRP tokens…
1 year ago
MATIC Bullish Signals Abound: Technical Indicators Hint At Sustained Uptrend
MATIC is the native utility token of the Polygon blockchain and it is currently ranked 18th by market cap, with a total supply of 10 billion MATIC and a total trading volume of over $204 million in the last 24 hours. It has been moving upward since its last rejection at a $0.6342 support level. Following the recent bullish trend of the crypto market, MATIC has not been left behind as the price has been on an uptrend with very…
1 year ago
Toncoin Price Analysis: TON Shows Bullish Momentum After Pantera Capital Investments
The post Toncoin Price Analysis: TON Shows Bullish Momentum After Pantera Capital Investments appeared first on Coinpedia Fintech News Toncoin (TON) today demonstrated bullish momentum following Pantera Capital’s investment, Toncoin soared 4.11 % in 24 hours with an increased market cap to USD 19.8B with 24-hour volume of USD 270.21M. Toncoin Caught Pantera capital attention Initially launched by the Telegram messaging platform, Toncoin (TON) parted away from Telegram in 2020 following a legal battle with the US SEC. After this,…
1 year ago