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
Cardano’s Potential ATH Amid Bitcoin’s Decline: Historical Data Points to Bullish Trend
Cardano’s (ADA) social volume remained high, highlighting its enduring popularity within the cryptocurrency community. Analysis of ADA’s on-chain metrics, including MVRV and NVT ratios, suggests a potential trend reversal, to the upside. Over the last week, Bitcoin and most of the altcoins have witnessed a strong pullback with double-digit losses on the weekly chart. Some of the top altcoins like Cardano (ADA) have been also subject to over 10% correction falling under its crucial support level of $0.60, as reported…
1 year ago
Experts Identify Bullish Pattern on $MEDA Presale as BNB and XRP Holders Grab Unique Opportunity for Profit
The post Experts Identify Bullish Pattern on $MEDA Presale as BNB and XRP Holders Grab Unique Opportunity for Profit appeared first on Coinpedia Fintech News TLDR Binance Coin bulls seem hopeful about pulling off another recovery before the Bitcoin halving. Ripple investors could be facing a massive sell-off as the SEC slams a $1.95 billion fine on the XRP blockchain. Milei Moneda ($MEDA) is looking to match Floki Inu’s real-life usage with DeFi policies of its own. Binance Coin (BNB)…
1 year ago
Bitcoin Bulls Roar: Analysts Predict Surge To $82,000 Amid Bullish Pennant Formation
Renowned crypto analyst Jelle has caught the attention of the Bitcoin (BTC) community with his bold prediction of a target price of $82,000. Notably, despite recent challenges in breaking above the $66,000 mark, Bitcoin currently hovers around $67,780, showing resilience in the face of a short-term pullback. BTC To $82,000 Soon? In an X post uploaded earlier today, crypto analyst Jelle shared his latest view on Bitcoin. According to the analyst, the Bitcoin target “remains the same: $82,000”. It is…
1 year ago
Bitcoin NFT Market Thrives, Franklin Templeton Remains Bullish, Binance Ends Support
Franklin Templeton’s digital assets division has released a note to its investors introducing Bitcoin-based non-fungible tokens (NFTs), highlighting a surge in activity within the Bitcoin ecosystem. The asset manager attributes this increased momentum to various factors, including the emergence of Bitcoin (BTC) NFTs called Ordinals, the development of new fungible standards like BRC-20 and Runes, the growth of Bitcoin Layer 2 (L2s) solutions, and the expansion of decentralized finance (DeFi) applications built on the Bitcoin network. Bitcoin Ordinals Shine According…
1 year ago
Pullix (PLX) Defies Market Correction With Ethereum (ETH) and Solana (SOL) Slumping, Maintains Bullish Momentum as Investors Hold Strong
With the crypto market experiencing a significant bearish correction, many tokens are feeling the hit with a huge price drop. Leading altcoins such as Ethereum (ETH) and Solana (SOL) have seen their prices plummet after bullish moments earlier in the month. Although the market is expected to bounce back soon, the two tokens may provide an opportunity to buy the dip. Despite the market condition, Pullix is moving unaffected. The top DeFi coin has been a trailblazer since its launch…
1 year ago
Render, Enjin, & 5th Scape See Gains as VR Tokens Turn Bullish
Virtual reality (VR) cryptocurrencies are heating up, with tokens like Render (RNDR) and Enjin (ENJ) seeing bullish momentum. Alongside these established projects, presale sensation 5th Scape (5SCAPE) is also gaining traction – and being touted as the next hot VR crypto to watch. Render Rallies 4% as VR Token Tests Key Support Render has been one of the top VR cryptos catching traders’ attention, up 4% from yesterday’s lows to trade around $9.48. The price spike looked even more impressive…
1 year ago
Here is Why You Need to be Bullish on Solana: A Fresh Bullish Spell Could Trigger a 30% Jump
The post Here is Why You Need to be Bullish on Solana: A Fresh Bullish Spell Could Trigger a 30% Jump appeared first on Coinpedia Fintech News Regardless of the prevailing market conditions, the Solana price has maintained significant strength. Although the traders have shifted their focus away from the token to a large extent, the price continues to trade within a bullish range. This indicates that the SOL price may kick off a fine upswing soon after the trade…
1 year ago
These Bitcoin Fundamentals Remain Bullish Despite Today’s Crash Below $65K
TL;DR Bitcoin has seen a significant price dip, dropping to almost $65,100. Despite the recent downturn, there are underlying factors poised to drive a positive turnaround in the asset’s market performance. Abandoning Exchanges The price of the primary cryptocurrency has experienced a significant correction in the past several hours, dropping to as low as $65,100. Despite being down 7% on a weekly scale (per CoinGecko’s data), some essential factors hint the trend may not last long. One such element worth…
1 year ago
Analyst Anticipates Bullish Surge for Dogecoin (DOGE) and Solana Memecoins
Crypto analysts predict big price jumps for Dogecoin, BOOK OF MEME, and dogwifhat. Dogecoin could surge over 50% to hit $0.33, while BOOK OF MEME might break resistance at $0.0152. Altcoin Sherpa, a prominent crypto analyst, has set the stage for a potential Dogecoin (DOGE) breakout surge. Sherpa predicts a bullish momentum propelling the meme coin to surpass its resistance at $0.195 and surge over 50% to reach $0.33. The anticipated rally in DOGE comes amidst a recent bullish momentum…
1 year ago