Technical analysis and price predictions for the most relevant cryptocurrencies
Singapore, Singapore, 26th February, 2021, // ChainWire // Unifi Farms Beta Launches on Unifi Protocol to Pioneer No-Stake Farming Unifi Protocol announces the launch of Unifi Farms. The most revolutionary part of Unifi Farms is there is no staking of the liquidity token required. The public beta launch of Unifi Farms V1 will take place…
BTC/USD opened the trading session of 25th February at 49,676, and it closed above 50,500 in the first hour. Later on, until 09:00 UTC, BTC/USD was going sideways, keeping for the most time between the level of the session open and 50,500. BTC/USD took a slight dive to 49,000 between 09:00 and 10:00 UTC, with the hour’s lowest point being at 48,700 as per the CEX.IO pricing, but rebounded rather quickly in the next hour and continued upwards until 13:00 UTC, getting to 51,500.
Today, Bitcoin took a steep plummet as it dropped by around 19% to reach as low as $46,735. The coin has since recovered pretty quickly and is now trading back above $52,000.
The cryptocurrency market has experienced a very rapid growth in the 2021 and while the growth stalls a bit occasionally, there is no trend reversal in sight just yet. This week’s selection consists of three cryptocurrencies that are hopefully going to continue push the total crypto market capitalization further up. Two out of three cryptocurrencies featured in this week’s top three coins to watch provide an alternative to Ethereum and Ethereum-based solutions, while the third on the list is arguably the most established and biggest cryptocurrency by market capitalization.
BTC/USD started the trading session of 17th February at 49,174. An attempt to test the intraday resistance level was taken between 01:00 and 02:00 UTC. But the selling pressure curbed the bullish swing and sent the price down in the next two hours close to 49,000.
Singapore, Singapore, 17th February, 2021, // ChainWire // 99Bitcoins, an educational website that maintains a list of Bitcoin obituaries made by the media, has taken over the Dead Coins project as well. This move effectively crowns 99Bitcoins as “The undertaker of the cryptoverse”. Deadcoins.com was established in late 2017 to document the death of thousands…
Cardano (ADA), one of the coins featured in our last week’s edition of Top 3 Coins to Watch, continued its bull run last week. For a brief moment, when the price of ADA neared the $1.00, Cardano even overtook Tether and claimed the spot of the world’s third largest cryptocurrency by market capitalization. However, there were quite a few other cryptocurrencies that managed to climb up a few spots on the leaderboard last week but stayed partly in the shadow of the changes happening at the top.
BTC/USD opened the trading session of 9th February at 46,550 and had slipped to 43,833 by 03:00 UTC. At 03:00 UTC, the trading pair began rising and had reached 48,200 by 07:00 UTC as per the CEX.IO exchange rate.
The announcement of Tesla’s $1.5 million investment into Bitcoin provided the perfect kick-off to what appears to be a rather eventful week on the cryptocurrency markets. Even if we leave Bitcoin’s interesting price action aside, there are still plenty cryptocurrency projects deploying new features and upgrades and trying to make the most off this bull market. Three such projects are featured in our this week’s selection of top 3 coins to watch.