ALPHA price has skyrocketed this January. Should I invest in February?

ALPHA price has skyrocketed this January. Should I invest in February?
фото показано с : invezz.com

2021-1-31 19:41

ALPHA price has skyrocketed this January; in less than 30 days, it has advanced from $0.17 above $2.4. ALPHA could increase even more in the ongoing bull market if you decide to buy ALPHA, you should use a “stop-loss” order because the price could also collapse.

Fundamental analysis: Alpha Finance platform faces several challenges

Alpha Finance is a decentralized protocol that supports various products and has its native coin under the symbol ALPHA. ALPHA price has exploded since the beginning of January, and for now, there is no sign of the trend reversal.

My opinion is that this is a very risky cryptocurrency, and if you decide to trade ALPHA, you should always use a “stop-loss” order.

Users can buy ALPHA tokens from an exchange such as Uniswap and Binance, but they can deposit assets on Alpha Finance’s website and earn ALPHA tokens in return for staking. It is essential to say that ALPHA tokens only act as governance tokens for the Alpha Finance ecosystem.

This project’s main goal is to create an ecosystem of products with traditional finance principles while operating in a decentralized manner. Moving forward, Alpha Finance will be introducing more products, but for now, the list remains short.

This project’s most famous product is Alpha Homora that enables its users to participate as yield farmers, ETH lenders, or liquidators.

There’s still a lot of uncertainty around this project, and the Alpha Finance platform faces several challenges. This cross-chain DeFi platform has the limited availability of products outside the Ethereum blockchain, and it could face a lack of liquidity.

Technical analysis: As long the price is above $1.5, there is no risk of the bear market

This coin has made a massive jump in a short-time period, and if you decide to invest in ALPHA, you should have in mind that the price could also weaken in the upcoming days. Some analysts even say that the community from the WallStreetBets forum influenced this price move.

Data source: tradingview.com

The main trend of this cryptocurrency remains bullish, and for now, there is no signal of the trend reversal. If the price jumps above $2.5 resistance, it would be a signal to buy cryptocurrency, and the next price target could be around $3.

On the other side, if the price falls below $1.5, it would be a firm “sell” signal and possibly a trend reversal sign.

Summary

ALPHA price has skyrocketed this January; in less than 30 days, it has advanced from $0.17 above $2.4. ALPHA could increase even more in the ongoing bull market, but if the price falls below $1.5, it would be a firm “sell” signal and possibly a trend reversal sign. My opinion is that this is a very risky cryptocurrency, and if you decide to trade ALPHA, you should always use a “stop-loss” order.

The post ALPHA price has skyrocketed this January. Should I invest in February? appeared first on Invezz.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Alpha Token (A) на Currencies.ru

$ 0.0108457 (-0.10%)
Объем 24H $353
Изменеия 24h: 51.41 %, 7d: 250.96 %
Cегодня L: $0.0108457 - H: $0.0108457
Капитализация $210.559k Rank 2244
Цена в час новости $ 0.0043824 (147.48%)

alpha price could skyrocketed january should buy

alpha price → Результатов: 21


Alpha Finance Lab Price Prediction 2023 – 2025 – 2030 | ALPHA Price Forecast

In this guide, we will voice our own and market’s opinion on ALPHA future while discussing Alpha Finance Lab price forecast for 2023 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future […] The post Alpha Finance Lab Price Prediction 2023 – 2025 – 2030 | ALPHA Price Forecast appeared first on CaptainAltcoin.

2023-1-10 11:12


Alpha Finance Lab Price Prediction 2022 – 2025 – 2030 | ALPHA Price Forecast

In this guide, we will voice our own and market’s opinion on ALPHA future while discussing Alpha Finance Lab price forecast for 2022 and beyond. Please bear in mind that you should take this and any other prediction with a grain of salt since predicting anything is a thankless task, let alone predicting the future […] The post Alpha Finance Lab Price Prediction 2022 – 2025 – 2030 | ALPHA Price Forecast appeared first on CaptainAltcoin.

2021-11-30 19:06


Фото:

Cryptocurrency News Roundup for June 2, 2020

The Bitcoin community is certainly no stranger to sudden price drops that are very rapid, deep, and volatile. However, the plunge that brought the alpha cryptocurrency down by some $800 in as little as five minutes yesterday came as a rude shock to many traders who were virtually left stranded on the wrong side of […] The post Cryptocurrency News Roundup for June 2, 2020 appeared first on BeInCrypto.

2020-6-3 13:48


Bitcoin Bubbles – This is not our first rodeo – Bitcoin USD … – Looking for alpha

Data Source: blockchain.com On June 10, 2011, the price of a single bitcoin was $35, an incredible high at the time. The Bitcoin bubble of 2011 – analyzing the Bitcoin network’s response Confirmed transactions and Bitcoin price in 2011 During that time, it’s interesting to look at the relationship between the number of daily transactions

2018-7-21 10:18