Price Analysis – Top 10 Crypto

Price analysis 7/1: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, LEO, SHIB
Bitcoin, Price Analysis - Top 10 Crypto

Price analysis 7/1: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, LEO, SHIB

Bitcoin dropped 56.2% in the second quarter of 2022, according to crypto analytics platform Coinglass. That makes it Bitcoin’s worst quarter since the third quarter of 2011 when BTC price fell by 67%. A large part of the damage was done in the month of June when Bitcoin plunged 37%, the worst monthly drawdown since September 2011.It is not all gloom and doom for crypto investors. On June 29, JPMorgan strategist Nikolaos Panigirtzoglou said that the “Net Leverage metric” suggests that crypto’s deleveraging may be on its last legs. The eagerness of crypto companies with stronger balance sheets to bail out crypto firms in distress is also a positive sign.Daily cryptocurrency market performance. Source: Coin360Another positive view on Bitcoin came from Deutsche Bank analysts. In a recent repor...
Price analysis 6/27: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX
Bitcoin, Price Analysis - Top 10 Crypto

Price analysis 6/27: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, AVAX

Bitcoin’s (BTC) current bear market is one of the worst, according to a report by on-chain analytics firm Glassnode. This was the first time in history that the Mayer Multiple slipped below the previous cycle’s low. Bitcoin’s fall below $20,000 on June 18 also marked the biggest loss ever booked by investors in a single day at $4.23 billion. Considering the above factors and a few other events, Glassnode believes that the capitulation in Bitcoin may have started.Bitcoin whales seem to have started their purchasing, suggesting that the bottom may be close and on June 25, analytics resource "Game of Trades" highlighted that demand from whales holding 1,000 to 10,000 Bitcoin witnessed a sharp spike in demand.Daily cryptocurrency market performance. Source: Coin360Another sign that traders are...
Price analysis 6/24: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, LEO
Bitcoin, Price Analysis - Top 10 Crypto

Price analysis 6/24: BTC, ETH, BNB, XRP, ADA, SOL, DOGE, DOT, SHIB, LEO

The United States equity markets and the cryptocurrency space are witnessing a relief rally this week. Supporting the rise in risky assets is the U.S. dollar index (DXY), which retreated from its multi-year high. Generally, cryptocurrencies move inverse to the price of the U.S. dollar, but this week's bounce does not necessarily mean that bulls' grip over the market has come to an end.Citing on-chain data, CryptoQuant senior analyst Julio Moreno, said that Bitcoin (BTC) miners may have already capitulated. Historical data suggests that miner capitulation usually precedes market bottoms. Daily cryptocurrency market performance. Source: Coin360Another on-chain metric that indicates that Bitcoin’s price may have reached an attractive level is the Mayer Multiple. The metric is calculated ...
Price analysis 6/22: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, SHIB
Bitcoin, Price Analysis - Top 10 Crypto

Price analysis 6/22: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, SHIB

Bitcoin (BTC) continues to face a tough battle near the psychological level of $20,000 as the bulls and the bears attempt to assert their supremacy. Trading firm QCP Capital said in their latest market circular that funding rates on derivatives markets were stable and bearish conditions were fading.Another ray of hope for the Bitcoin bulls is that Bitcoin miners may be capitulating as the recent decline in the price has made some mining machines unprofitable. Data from Arcane Research shows that public Bitcoin mining companies that had only sold 30% of their mined production from January to April of this year had dumped 100% of their Bitcoin production in May. Some analysts believe that miners giving up was a bullish signal.Daily cryptocurrency market performance. Source: Coin360However, o...
Underrated cryptocurrencies you can get on June 22: TITAN, WAVES and XCN
Analysis, Price Analysis - Top 10 Crypto

Underrated cryptocurrencies you can get on June 22: TITAN, WAVES and XCN

TitanSwap (TITAN), Waves (WAVES), and Chain (XCN) are some of the best tokens to get on June 22. In the last 24 hours, TITAN increased by 6%, WAVES by 15%, and XCN by 7%. All of these tokens have a bright future and could increase in value further. When it comes to underrated cryptocurrencies that you can get on June 22, 2022, TitanSwap (TITAN), Waves (WAVES), and Chain (XCN) are some of your best options. On June 17, 2022, TitanSwap announced that the TITAN cryptocurrency became supported by Coinbase Assets. The Waves contract became live on Kraken Futures as well, providing another way through which people can get exposure to this cryptocurrency. Then on June 20, 2022, Chain announced the launch of the XCN Bridge, which is powered by Wormhole. Users can access the permi...
Proof-of-stake (PoS) tokens to get into early for an eco-friendly future
Analysis, Price Analysis - Top 10 Crypto

Proof-of-stake (PoS) tokens to get into early for an eco-friendly future

ADA, SOL, DOT, TRX, AVAX, ALGO, and ATOM are all solid Proof-of-Stake (PoS) tokens that you can get. All of these tokens have seen an increase in value throughout the last 24 hours. Each of them represents an eco-friendly ecosystem of decentralized applications (dApps) and use-cases. Cardano (ADA), Solana (SOL), Polkadot (DOT), TRON (TRX), Avalanche (AVAX), Algorand (ALGO), and Cosmos Hub (ATOM) are some of the best Proof-of-Stake (PoS) tokens that you can get in June, and we are going to go over each token individually to see why. Should you buy Cardano (ADA)? On June 21, 2022, Cardano (ADA) had a value of $0.5037. In terms of last month’s performance, Cardano (ADA) had its highest point on  May 5 at $0.8969 and lowest on May 12 at $0.407, which marked a decrease of $0.4899 ...
Price analysis 6/20: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX
Bitcoin, Price Analysis - Top 10 Crypto

Price analysis 6/20: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX

The crypto markets have been in a strong bear phase for the past several months but JPMorgan Chase analysts expect that to change and they have projected a significant upside from the current levels. The analysts cited the rising share of all stablecoins in the total crypto market for their bullish outlook.Unperturbed by the current fall, retail traders have been adding Bitcoin (BTC) to their portfolios. The number of wallet addresses holding one Bitcoin surged by 13,091 to a record high of 865,254. Similarly, the number of addresses holding about 0.1 Bitcoin has also witnessed a sharp rise in the past 10 days, according to data from Glassnode. Daily cryptocurrency market performance. Source: Coin360Bitcoin’s sharp recovery from the June 18 fall shows strong buying at lower levels&nbs...
Best decentralized finance tokens to get on June 20
Analysis, Price Analysis - Top 10 Crypto

Best decentralized finance tokens to get on June 20

Synthetix Network (SNX)and Convex Finance (CVX) are some of the best tokens to get on June 20.  In the last 24 hours, SNX increased by 74% and CVX increased by 23%. Each of these tokens has a solid potential for growth in the near future. If you are looking to diversify your portfolio with some of the best decentralized finance (DeFi) tokens, Synthetix Network (SNX) and Convex Finance (CVX) are solid picks. On June 19, 2022, Synthetix announced that they hit 200 million in daily volume due to the Atomic Swaps on 1ich and CurveFinance and due to the Optimism Futures among other things. Convex Finance is a platform for CRV token holders and Curve liquidity providers to earn additional interest rewards, alongside Curve Trading fees.  Its recent growth can be attributed to th...
Price analysis 6/17: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX
Bitcoin, Price Analysis - Top 10 Crypto

Price analysis 6/17: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LEO, AVAX

The sharp fall in cryptocurrencies has pulled the total crypto market capitalization below $900 billion. According to CoinGoLive, 72 out of the top 100 tokens have declined in excess of 90% from their all-time highs. In comparison, the top-10 coins have outperformed during the fall, dropping an average of 79% from their all-time high. Bitcoin (BTC) is down more than 70% from its all-time high but the bulls are struggling to arrest the decline. Jurrien Timmer, director of global macro of Fidelity, highlighted that Bitcoin could be “cheaper than it looks” considering the metric of price-to-network ratio, which is similar to the price-to-earnings ratio used in the equities market to value a stock.Daily cryptocurrency market performance. Source: Coin360Billionaire investor Mark Cuban said...
Getting into metaverse tokens with these top selections
Analysis, Price Analysis - Top 10 Crypto

Getting into metaverse tokens with these top selections

Decentraland (MANA), Theta Network (THERA), and The Sandbox (SAND) are all solid token options to get. Each of these tokens is a part of some of the largest metaverse projects within the crypto sphere. THETA increased by 5% in the last 24h hours, while MANA and SAND are maintaining their value well. Decentraland (MANA), Theta Network (THERA), and The Sandbox (SAND) are some of the best Metaverse tokens you can get as of June 17, 2022. On June 17, 2022, Richard Lai invited everyone to join the Yahoo Metaverse on Decentraland. Theta Network announced that Replay had launched a new Theta Validator Node, which is the 25th overall node. The Sandbox also announced that Lionsgate would become the first film and TV studio to enter The Sandbox. Should you buy Decentraland (MANA)? On Ju...