Cryptocurrency Analysis

Technical analysis and price predictions for the most relevant cryptocurrencies

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    Top 3 Coins to Watch – Week 37

    ByAndrew Turner

    Following the prolonged bullish trend that started in mid-July, which saw the total cryptocurrency market capitalization rapidly climb towards the previous peak valuation of $2.55 trillion reached in May 2021, last Tuesday’s flash crash left a considerable dent and put a halt on the upwards momentum. On the tailwind of the historical news of El Salvador being the first nation to officially adopt Bitcoin as a national currency on September 9, the price of Bitcoin reached a four-month high. It wasn’t for long, however, as the cascade of long position liquidations that occurred on the same day pushed the price of the world’s largest cryptocurrency below the $50,000 mark, and towards the $43,000 support level. Along with Bitcoin, the rest of the cryptocurrency market experienced heavy double-digit losses, which, in most cases, have yet to be recovered. As of now, Bitcoin’s dominance is at approximately 40% and continues to drop. The last time it was this low was in May of this year, and before that way back in June 2018. The market metrics show that altcoins are gaining ground. Solana personifies this trend. With more than a 300% monthly increase and over 100-fold YTD gains, the highly scalable decentralized blockchain has grown to become the 6th largest crypto by market cap. IOTA, which we’ve featured in our previous installment of Coins to Watch, scored a major win last week as the European Union decided to use IOTA’s technology to develop Europe’s blockchain infrastructure. With so much potential brewing in the blockchain sector, we went on the lookout to find the best projects.

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    Top 3 Coins to Watch – Week 36

    ByAndrew Turner

    The total cryptocurrency market capitalization is slowly climbing towards $2.4 trillion as we progress towards the end of Q3 2021. Week 35 has been all about smart contract blockchains since Ethereum (ETH), Solana (SOL), Polkadot (DOT) and even oracle provider ChainLink (LINK) all posted weekly gains of over 20%. Even though Bitcoin did climb up a few percent as well and is approaching a market cap of $1 billion, BTC dominance is still declining and will likely soon reach 40% if the downward trend continues. While it may not be enough to call it “altcoin season” just yet, the past month was, for sure, an “altcoin month”. It is therefore not surprising, that our Top 3 Coins to Watch article focuses on altcoins for the third week in a row.

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    Top 3 Coins to Watch – Week 35

    ByAndrew Turner

    Although the cryptocurrency market ended week 34 with roughly the same total market capitalization as it has started it several altcoins managed to post gains significantly above the sector’s average. Projects that posted high gains within past 7 days include Solana (SOL), Tezos (XTZ), Terra (LUNA), and Bitcoin Cash ABC (BCHA). Bitcoin and ETH, on the other hand, both lost a few percent. Since it seems that the altcoin is in full swing, we went on the lookout for new altcoins with rally potential in this week. Here is what we found out.

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    Top 3 Coins to Watch – Week 34

    ByAndrew Turner

    Last week we reported that the total cryptocurrency market capitalization is finally back above $2 trillion, but at the end of Week 33 the total valuation of all cryptocurrencies in circulation combined already exceeded $2.1 trillion. Nevertheless, for the second week in a row, market leaders Bitcoin and Ethereum were pushed in the background of attention while altcoins like AVAX, ADA, LUNA, DOT, and SOL claimed the spotlight with their high weekly gains. Furthermore, several altcoins are either at or very near their ATH prices. Together with a drop in BTC dominance, this has led a few analysts to believe that we are at the beginning of a new altcoin season.

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    Top 3 Coins to Watch – Week 33

    ByAndrew Turner

    We made it! Or should we say: the cryptocurrency markets have made it. We are talking about reclaiming the total market valuation of $2 trillion, which happened on August 13, of course. Even though the total market valuation of the sector dipped below $2 trillion a few times throughout Week 32, the markets have always recovered, and the positive sentiment appears capable of driving the market capitalization further up. This time the main “culprits” for the market capitalization pump were not Bitcoin and Ethereum (although they did contribute their significant share), but large market cap altcoins including ADA and XRP, both of which are featured in the article below. ADA price grew by more than 50% in Week 32, while XRP price drew an even steeper line on the charts as it is up by 65% in the seven days.

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    Top 3 Coins to Watch – Week 32

    ByAndrew Turner

    The cryptocurrency market ended Week 31 with a total market capitalization of $1.80 trillion and the sector is now eying to reclaim the $2 trillion valuation. Bitcoin, the world’s largest cryptocurrency is up by more than 15% in the last 7 days and is trading above $45,000 for the first time after May 18. Ether on the other hand is successfully riding the wave caused by the London hardfork, which introduced a fee burning mechanism, resulting in ETH growing by more than 20% in the last 7 days. However, we have eyes on three different altcoins this week. Without a doubt, altcoins are a riskier investment than top tier coins, but the greater risk is compensated by higher potential returns on investment.

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    Top 3 Coins to Watch – Week 31

    ByAndrew Turner

    With the cryptocurrency markets making quite a noticeable recovery in Week 30 we are already looking forward to the potential gains of Week 31. Throughout Week 30 the total cryptocurrency market capitalization rose from $1.44 trillion to $1.65 trillion, which is one of the highest weekly relative increases in a while. In addition, Bitcoin rose back above $40,000 and kept trading above that valuation for more than two days. Is this the bullish signal we have all been waiting for? Which coins do you think can climb even higher? Find out three high-potential ideas below.

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    Top 3 Coins to Watch – Week 30

    ByAndrew Turner

    The cryptocurrency market has ended the Week 29 with a total market capitalization of $1.44 trillion, which is around $140 billion more than at the end of the week. In addition, the cryptocurrency market saw quite a significant recovery during the first few hours (CEST) of Week 30 with most of the coins jumping up by 10% or more. At the time of writing, the total market value of all the cryptocurrencies combined already exceeds $1.56 trillion. Bitcoin, the market barometer, reclaimed the 50-day moving average and the general sentiment seems to be turning bullish again. If this uptrend will be sustained for a longer period, we could see a $2 trillion total market capitalization again. Whether this happens or not, it is undoubtedly worth checking out the coins listed in our weekly Top 3 Coins to Watch series, where we list coins that have the potential to outperform the rest of the market in the week to come.

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    Top 3 Coins to Watch – Week 29

    ByAndrew Turner

    The cryptocurrency markets have again ended another week in the red resulting in another $100 million decrease of the total cryptocurrency market capitalization – the market cap dropped from $1.4 trillion to $1.3 trillion throughout Week 28. Very rare were the coins to end the week with a gain. Nevertheless, some coins and tokens are more likely to recover than the others. You can find three crypto assets that have the potential to appreciate in the following few weeks in the following article.