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…
Fundamental Trading
Ethereum May Still Experience the Bear Market
Despite Bitcoin being the normal leader of the cryptocurrency market, Ethereum has been doing better than the majority of all digital assets within the previous few days. At press time, the price of Ethereum was $182, which represents a 7 percent increment over the previous 24 hours and up to 24 percent increment since the weekly lows close to $147. The performance of Ethereum is such that its price increased by more than 100 percent from the bottom attained during…
5 years ago
Fundamental Trading and Technical Trading: Which one is Better?
Regarding trading, fundamental and technical trading is the primary schools of thought before approaching any market. Although both methods are at opposite ends of the spectrum, they are still used to forecast and research future cryptocurrency prices. They also have their advocates and adversaries, just like any investment strategy. Let's have a more in-depth look at the two. Fundamental Trading Fundamental trading is a method that involves evaluating the economic well-being of a country and, by extension, the currency. It…
5 years ago
Beginner’s Guide to Fundamentals of Cryptocurrency Trading
Mainly, a trader buys and sells goods intending to make profits. That is, buy for less but sell for more. What and how don't matter, but when you choose to buy and sell goods will determine whether you are trading or merely investing in that product or service. Let's dig into the details. First, to fully understand the basics of trading, you should know the difference between investing and trading. Financial experts define trading as buying commodities, shares, and sometimes…
5 years ago