Which Altcoins Are More Likely To Catch The Bounce?

2021-5-25 23:29

After one of its most brutal weekends, Bitcoin and most altcoins show signs of recovery in lower time frames. While most are still down by 30% and 40% in the 7-day and 30-day chart, the general sentiment in the market appears to be more bullish as investors see their charts flip from red to green.

Ethereum was probably one of the fastest altcoins to return from under a critical support zone at $1,700. The second cryptocurrency by market cap trades at $2,541 with a 2.6% profit in the daily chart and a 35.6% profit in the monthly chart.

ETH with bullish momentum in the daily chart. Source: ETHUSD Tradingview

Ethereum will undergo an update to its fee model with hard fork “London”. EIP-1559 will be implemented and ETH will become a deflationary asset. This has strengthened the theory amongst some users that ETH could become a more effective store of value than Bitcoin.

In the weeks before the crash, Ethereum was the only altcoin absorbing institutional interest from BTC-based investment products. In mid-May, while Bitcoin investment products saw outflows estimated at $98 million, Ethereum’s saw a $27 million worth of inflows.

For the first time, the second cryptocurrency by market cap saw more interest from institutions on this metric. CoinShares report stated the following: “that investors have been diversifying out of Bitcoin and into altcoin investment products”. As seen in the chart below, negative price performance in the crypto market has impacted the asset flows in the past week.

Source: CoinShares Altcoins With Great Potential After Bitcoin’s Crash

Besides Ethereum, Polygon (MATIC) has been the fastest to bounce with a 110% profit in the daily chart and an 81.4% rise against its Bitcoin pair. The project has received more attention from investors since its rebranding and climbed to the top 4 projects by Total Value Locked (TVL), according to data provided by DeFi Pulse.

Polygon’s TVL on the rise on a 30 day period. Source: DeFi Pulse

As reported by newsBTC, Polygon was running hot since March 2021, when this blockchain outperformed Binance Smart Chain (BSC), Avalanche, NEAT, and other Ethereum L1 Bridges. With over 100 projects building on top of its solution, Polygon (MATIC) has great potential for further appreciation.

Polkadot (DOT), Solana (SOL), Cardano (ADA), and Binance Coin (BNB) saw great resilience during the crash and seem poised for more profits in the coming months. BNB and the Binance Smart Chain ecosystem has proven that users are eager to participate in low-cost DeFi ecosystems with fast transactions.

Solana and projects, such as Terra (LUNA) and COPE, are meeting this demand. Cardano will launch its smart contract platform, Plutus, and its capacity to attract more users, developers, and projects will be key for its immediate future.

Dog them meme coins have been a “thing” during this stage of the bull run. Dogecoin (DOGE) was amongst the least affected during the crash, according to research firm Messari. The Elon Musk Effect favors this particular coin and will most likely continue to be a major factor in the crypto market and its recovery.

Early in the week, performance by market cap fluctuated around 0, by mid-week shifting into a bloodbath🩸

All top assets finished in double-digit losses, with two the least affected:

+ Cardano $ADA, -13%
+ Dogecoin $DOGE, -26% pic.twitter.com/yiU6tNzbdY

— Messari (@MessariCrypto) May 21, 2021

Similar to Notcoin - Blum - Airdrops In 2024

origin »

ChartEx (CHART) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: -7.01 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0068349 (-100%)

altcoins appears market chart 7-day 30-day bullish

Источник: newsbtc.com

altcoins appears → Результатов: 70


Фото:

Bitcoin Sees Mounting Strength as Next Parabolic Wave Begins

Bitcoin has seen some promising signs of strength throughout the past few days and weeks The cryptocurrency has secured what appears to be a strong foothold above $50,000, which comes as many altcoins show signs of immense strength Where the market trends next will undoubtedly depend largely on whether or not BTC can maintain its present stability Any sharp decline from here could drag the entire market lower and lead to a cascading selloff However, […]

2021-2-19 23:00


Фото:

Bitcoin’s Recent Price Action Marks a “Dream Scenario” for Bulls; Here’s Why

Bitcoin’s bout of consolidation appears to be drawing to a close, with the benchmark crypto now gaining some serious momentum Bulls finally broke the long-held trading range that the crypto had previously been stuck within, which is providing BTC with immense strength The crypto’s rally is allowing it to regain some dominance over the aggregated market, with Ethereum and many altcoins all dropping slightly against their BTC trading pairs One trader is noting that this […]

2021-1-25 22:00


Фото:

Analysts Think Ethereum’s Bull Trend is “Just Getting Started” Despite Selloff

Ethereum has plunged today despite the strength seen by Bitcoin ETH’s ongoing descent has sent shockwaves throughout the market, creating a tailwind that has adversely impacted most other altcoins This intense selling pressure isn’t showing any signs of letting up today, but it is important to note that there’s still a chance that an upside movement is brewing One analyst is pointing to ETH’s Renko chart with a Guppy indicator, noting that it appears to […]

2020-10-21 23:00


Фото:

Bitcoin Shows Remarkable Strength Despite Growing List of Bearish Events

Bitcoin’s price saw a decent recovery following the BitMEX imbroglio yesterday, but the cryptocurrency’s reverted most of these gains overnight due to news of President Trump contracting the lethal virus This news sent shockwaves throughout the traditional markets as well, and appears to be having a trickledown effect on BTC as well as altcoins Where the aggregated crypto market trends in the days, weeks, and months ahead will likely depend largely on the global markets […]

2020-10-3 21:00


The Stars are Aligning for Bitcoin as It Begins Forming an Ideal “Long Setup”

Bitcoin is currently bucking the market-wide downtrend and climbing higher, expressing immense signs of strength as it nears $11,000 It is important to note that there is some resistance within the lower-$11,000 region that it must surmount for it to see further upside One factor that may be driving its ongoing upswing is the flight to quality seen amongst traders It appears that investors are fleeing smaller altcoins and more speculative tokens in favor of […]

2020-9-17 02:00


Фото:

Altcoins Could See “More Blood” as Bitcoin Dominance Reaches Bedrock Support

Bitcoin has been firmly guiding the altcoin market throughout the past week or so, with mid-cap and small-cap cryptos firmly tracking its every move This trend has come about following a period in which these tokens significantly outperformed the benchmark crypto This trend led BTC’s dominance over the aggregated market to plunge lower, and it now appears to have reached a bedrock support level One analyst believes that this support level will allow Bitcoin’s dominance […]

2020-9-15 23:00


Bitcoin May Consolidate for 2 Weeks Before Seeing “Lift Off”

Bitcoin has been caught within a consolidation phase within the upper-$11,000 region for the past several days and weeks The cryptocurrency has been struggling to break above the heavy resistance that sits between $11,800 and $12,000 for the past several days This comes as investors once again focus their attention on altcoins – many of which have posted massive returns today It now appears that this consolidation phase may persist for a couple more weeks […]

2020-8-9 19:00


These 4 Factors Signal Bitcoin is Gearing Up for a Breakout Rally

The crypto market is heading into the weekend without any clear momentum, as the past week has been relatively quiet for Bitcoin Many altcoins are still maintaining their firm upwards momentum, although this appears to be slowing down as investors grow more concerned about where Bitcoin may trend next There are four factors that one analyst is closely observing that could provide BTC with better guidance in the near-term This comes as the cryptocurrency continues […]

2020-7-19 19:00


Фото:

If History Rhymes, Ethereum May Have Just Hit Its Mid-Term Peak

Ethereum has been closely tracking Bitcoin’s price action throughout the past several weeks and even months, struggling to garner any independent momentum This correlation has grown particularly clear over the past few weeks, as ETH is now trading within a firm consolidation channel alongside BTC and other altcoins It is important to note that one fractal pattern has emerged that appears to suggest Ethereum has formed a mid-term top If history repeats itself, the crypto […]

2020-6-18 23:00


Фото:

Crypto Market in Peril of Seeing Major Downside as Bitcoin Strength Wanes

The entire crypto market is currently consolidating as buyers and sellers reach an impasse following yesterday’s movement It now appears that the market could be positioned to see massive near-term downside due to some warning signs being flashed by Bitcoin If the benchmark cryptocurrency does lead the market lower, altcoins could severely underperform it Bitcoin and the entire crypto market have seen some calmness throughout the past day, struggling to garner any directionality in the […]

2020-6-4 23:00


These key factors could propel XRP further after its “highly bullish” 11% rally

It appears that XRP’s strong price action over the past several days was bull’s attempt to lay the groundwork for a massive upside movement. XRP is now caught within what appears to be a firm uptrend that has allowed the cryptocurrency to significantly outperform both Bitcoin and most major altcoins, which has also led it […] The post These key factors could propel XRP further after its “highly bullish” 11% rally appeared first on CryptoSlate.

2020-2-5 10:00


Yale Economics Professors advocate for Bitcoin portfolio allocation

Analysts have long pointed to Bitcoin’s lack of mainstream credibility as one primary factor that has been stunting its growth, but this appears to be shifting, as prominent economics professors at a major Ivy League university are now advocating for all investors to allocate Bitcoin and a handful of major altcoins to their investment portfolios.

2019-12-15 06:37


Is Ethereum (ETH) Eyeing a Bear Market in Comparison to What’s in Store for Bitcoin’s Near Future?

While the price of Bitcoin continues to surge, it appears as though a number of other premier altcoins are struggling to maintain their bullish momentum. For example, as per a recent study released by popular cryptoanalyst, Josh Rager, Ethereum is currently close to breaking its 3-year support line and will most likely continue to lose […]

2019-7-8 21:16


The Current Bitcoin Retracement is Over, Says Fundstrat

Fundstrat’s Robert Sluymer believes that bitcoin and many altcoins will soon experience significant price gains going on the back of positive signals from technical indicators. Bitcoin Set to Test $9k Again According to Bloomberg, the Fundstrat technical strategist expects an end to the price retracement that has been going on since the end of May 2019.

2019-6-13 15:00


дальше еще 21 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

$4,000 Solana Price Possible As SOL Breaks Out Of Massive Cup And Handle Pattern

The Solana price could be gearing up to reach a new ATH of $4,000, according to an analyst who highlighted its recent breakout from a massive Cup and Handle pattern. This bullish signal comes on the heels of recent gains in the Solana (SOL) price, which have pushed it significantly above the $200 mark, indicating strong upward movement.

Solana Surges As Momentum Resumes, Is $240 the Next Stop?

Solana (SOL) is gaining momentum once more, with bullish energy pushing it higher as it aims for the next major resistance at $240. Following recent consolidations, SOL has surged onto traders’ radars with renewed buying interest, sparking optimism that the climb will continue.

Solana Market Cap Surpasses $100 Billion, Setting Up SOL For Potential ATH Rally

Solana (SOL) recently saw its market cap surge past $100 billion, setting the stage for a potential all-time high (ATH) rally for its native SOL token. Solana Reclaims $100 Billion Market Cap, Is SOL ATH Imminent? Solana, currently the cryptocurrency with the fourth-largest market cap, recently joined the ranks of Bitcoin (BTC), Ethereum (ETH), and Tether (USDT) by surpassing the $100 billion mark in market valuation.