Cryptocurrency Analysis

Technical analysis and price predictions for the most relevant cryptocurrencies

  • |

    Top 3 Coins to Watch – Week 46

    ByAndrew Turner

    Last week the total capitalization of all cryptocurrencies combined exceeded $3 trillion for the first time ever. While the figure itself is remarkable, it is even more fascinating that $2 trillion mark was crossed just seven months ago, and $1 trillion three months before that, which points to the exponential growth of the crypto markets. The rapid appreciation of many crypto assets has also attracted large influx of new investments. Last week, leading digital currency investment firm Grayscale reported more than $60 billion in assets under management (AUM). Grayscale’s AUM now exceeds the AUM of the world’s largest spot gold ETF, which indicates that investors have recognized cryptocurrencies as a good store of value asset class and according to many modern investors, cryptocurrencies are even better than precious metals in hedging against inflation. But which coins should you keep an eye on this week, if you want the best odds to see green numbers at the end of the week? Find out 3 ideas in the following article.

  • |

    Top 3 Coins to Watch – Week 45

    ByAndrew Turner

    At the end of Week 44 the total valuation of all cryptocurrencies in circulation stood at an astounding $2.87 trillion. While BTC was trading a few percent below its ATH price, several other major cryptocurrencies reached their new ATH prices in Week 44. The cryptocurrencies that surged higher than ever before include but are not limited to ETH (Ethereum), SOL (Solana), DOT (Polkadot), AVAX (Avalanche), LUNA (Terra), AXS (Axie Infinity), CRO (Crypto.com Coin) and HNT (Helium). The hype around metaverse-focused blockchain projects triggered by Facebook’s rebrand to Meta continued throughout Week 44. If such rapid growth continues, the cryptocurrency market could hit a $3 trillion valuation very soon. Do you think that this major milestone will be crossed already this week?

  • |

    Top 3 Coins to Watch – Week 44

    ByAndrew Turner

    The cryptocurrency market has ended Week 43 with a total market capitalization of $2.67 trillion. However, despite favourable conditions and record inflows into cryptocurrency investment products Bitcoin failed to set a new ATH price last week as it traded between $60,000 and $63,000 for most of the time. The second largest cryptocurrency, Ethereum, performed slightly better and managed to post a new ATH price of $4,453 on October 29. Do you think ETH can surge even higher this week? We sure do think so! But which other coins are worth keeping an eye on in Week 44? Find out more in the following article.

  • |

    Top 3 Coins to Watch – Week 43

    ByAndrew Turner

    The cryptocurrency market is booming as the prices of several top coins and tokens are still on the rise. The overall good market sentiment can partly be attributed to the fact that the first Bitcoin-linked exchange traded fund commenced trading on New York Stock Exchange on Tuesday, October 19. A day after that, Bitcoin, the first and largest crypto by market capitalization, set a new ATH price of $66,931. The second largest cryptocurrency, ETH, is also trading very close to its ATH price. Nevertheless, ETH failed to surge higher than $4,362, where it traded on May 12. It did, however, come very close to its ATH, as it traded just $2 below the abovementioned record valuation on October 21. You can imagine that two of the largest cryptocurrencies trading at or nearly at their respective ATH prices means that the total cryptocurrency market valuation was also at its ATH. The total cryptocurrency market valuation reached its new ATH valuation of $2.70 trillion on October 21. While the value has since dropped to $2.55 trillion at the end of Week 42, the cryptocurrency market is still hot and could surge higher anytime.

  • |

    Top 3 Coins to Watch – Week 42

    ByAndrew Turner

    After another week of green numbers, the cryptocurrency market has climbed to a total valuation of $2.52 trillion. Most of the total market capitalization increase can be attributed to appreciation of the 3 largest cryptocurrencies – BTC, ETH and BNB, which gained 7%, 5% and 10% respectively last week. Bitcoin, which climbed as high as $62,500 during Week 41 is again in the centre of attention. However, the reason is not only its amazing price performance, but also the rumoured launch of a US Bitcoin futures-based ETF. We are very excited to see what Week 42 has to offer for the crypto investors and followers.

  • |

    Top 3 Coins to Watch – Week 41

    ByAndrew Turner

    Last week Bitcoin broke the $55,000 resistance level and now seems to be headed to reclaim the $60,000 valuation. Along the way, Bitcoin’s total market capitalization also surpassed $1 trillion. Ethereum and many other altcoins largely followed the bullish trend, carrying the total market capitalization of the crypto sector above $2.3 trillion. Although we believe BTC and ETH are almost always a safe and sound investment, we went on the lookout for greater potential returns this week, which means that we had to venture in riskier and often also more speculative markets, such as meme tokens and blockchain gaming. However, be aware, that this article does not constitute financial advice and that you should always do your own research prior to investing.

  • |

    Top 3 Coins to Watch – Week 40

    ByAndrew Turner

    Last week was marked by the China FUD – the fear, uncertainty and doubt that spread among crypto investors following the further crackdown on cryptocurrency transactions and trading by China’s central bank. While the total cryptocurrency market capitalization dropped by almost 5% to reach a low of $1.82 trillion in the day following the release of the news, cryptocurrencies and the blockchain technology once again proved that they cannot simply be banned. Although week 39 started with red numbers, at the end of the week the total market capitalization has already climbed to $2.18 trillion. It seems that China’s restrictive measures only led to further decentralization of the space as Chinese investors and traders simply switched to decentralized trading platforms that are not operated by centralized entities and do not implement know-your-customer (KYC) checks. It is therefore not surprising that this week’s selection consists of 3 DeFi protocols.

  • |

    Top 3 Coins to Watch – Week 39

    ByAndrew Turner

    Week 38 was the last full week of Q3 2021, so it is time to take a quick look back on how the cryptocurrency market has performed this quarter. The total market capitalization at the beginning of the quarter was $1.4 trillion and it climbed up to above $1.9 trillion at the end of Week 38, which represents an almost 37% increase. While ETH and BTC led the rally in August, this changed in September, when altcoins, such as Polkadot, Avalanche, Solana, Fantom and Algorand, stepped into the limelight of the community’s attention. Non-fungible tokens (NFTs) representing digital art, collectibles, and in-game items were still very popular, and, for now, it does not look like the interest in these tokens is dying out. In fact, two of the three projects featured in this week’s Top Coins to Watch article are from the NFT sector. Although pushed a little bit more in the background of media attention, DeFi protocols are still evolving and expanding. The total value locked (TVL) in DeFi increased from below $70 billion to over $85 billion throughout Q3.

  • |

    Top 3 Coins to Watch – Week 38

    ByAndrew Turner

    The total cryptocurrency market capitalization has again dropped by a few $100Bs and the crypto markets ended Week 37 with a total valuation of $2.15 trillion. Furthermore, as we approach the end of Q3 2021 the total crypto market valuation keeps on falling and it reached $1.95 trillion on September 20, the lowest total market capitalization in over a month. Nevertheless, there are a few cryptocurrencies that manage to defy the general downtrend and post green numbers even in such negative market conditions. We have hand-picked three such projects and their respective cryptocurrencies for this Week’s Top 3 Coins to Watch article.