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“# Top 5 cryptocurrencies to watch this week: BTC, XRP, CRO, FTT, THETA ” Bitcoin (BTC) has given back some of its recent gains, but on-chain data resource Ecoinometrics said that whales are accumulating because they believe the price is attractive from a long-term perspective. On the downside, analyst Willy Woo believes that $33,000 is a…
“# Can XRP price reach $1 after 25% gains in one week? Watch this key support level ” XRP price has continued to bounce back after falling by more than 70% in a correction between April 2021 and January 2022. Why the XRP/USD 50-week EMA is key On Feb. 13, XRP/USD reached as high as…
“# Bitcoin inches towards higher weekly close with CME futures gap in focus ” Bitcoin (BTC) was on the cusp of making a new higher weekly close on Feb. 13 as bulls kept the market above $42,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin: Potential CME gap to come Data from Cointelegraph Markets Pro…
“# 2 key indicators cast doubt on the strength of the current crypto market recovery ” Analyzing the aggregate cryptocurrency market performance over the past 7 days could give investors the impression that the total market capitalization grew by a mere 4% to $2.03 trillion, but this data is heavily impacted by the top 5…
“# Polygon price risks 50% drop as MATIC paints inverted cup and handle pattern ” Polygon (MATIC) has dropped by more than 40% from its record high of $2.92, established on Dec. 27, 2021. But if a classic technical indicator is to be believed, the token has more room to drop in the sessions ahead….
“# Analysts say Bitcoin price is in the ‘profit-taking’ zone with a ceiling at $45K ” The price action for Bitcoin (BTC) continues to tantalize investors and once again, concerns over the state of the global economy and rising inflation have prompted warnings that the Fed’s upcoming interest rate hikes could do more damage then…
“# Here’s why Bitcoin traders shouldn’t overanalyze US inflation data ” Analysts and pundits will scramble to find some angle to explain intra-day price action whenever important economic numbers are published and this practice is commonplace in the crypto sector. When the United States Bureau of Labor Statistics reported a 7.5% increase in the consumer…
“# AXS, RON and SLP surge after Axie Infinity developers revamp the project’s tokenomics ” Since launching in 2018, Axie Infinity has amassed over 2 million daily active users (DAUs) and its decentralized exchange, Katana has a market cap of $5.5 billion, but this growth has not come without challenges. Axie Infinity’s in-game token, Smooth…
“# Alchemy Pay gains 77% after exchange listings and cross-chain integrations ” The cryptocurrency ecosystem has come a long way since the launch of Bitcoin (BTC) and in the last few years smart contracts have revolutionized the industry. With that said, there is still plenty of progress to be made when it comes to integrating…
“# Trader Joe (JOE) makes a 110% V-shaped recovery after Rocket Joe launch ” The market appears to be finding its feet and as the smoke clears, its easier to see which projects are fundamentally flawed and which are returning to their previous trading range where they were before the recent three-week downturn. Trader Joe…