Technical analysis and price predictions for the most relevant cryptocurrencies
Almost all DeFi projects are about liquidity pools, instant loans, decentralised exchanges, lack of regulation and immense ROIs that most people aspire to when investing their money in DeFi assets. Some of them were proved right during the month of November that saw a sizeable batch of DeFi tokens taken to considerable heights.
As we enter the last month of 2020, several cryptocurrency projects, including some of the top-tier ones are making continued progress and deploying updates to their mainnets.
BTC/USD opened on Tuesday, 24th November, at 18,370. After the open, the pair was trending sideways mainly between 18,305 and 18,520. But the hammer candlestick on the hourly time frame between 6:00 and 7:00 UTC gave the pair enough rising stimulus to break above 19,000 later in the day.
We are at Week 48 and we recently released the top 4 coins to watch this week. The coins involved are BTC, ETH, XLM, and ZEN;
Tokyo, Japan, 24th November, 2020, // ChainWire // My Crypto Heroes is happy to announce the issuance of MCH Coin as an incentive to players in the My Crypto Heroes ecosystem, aiming to allow them to craft a “User-oriented world”. The MCH coin is available on Uniswap with a newly created pool with ETH. My…
Another interesting week on the crypto markets is ahead of us. In fact, there is so much going on this week that it was next to impossible to pick just 3 coins to watch. Therefore our this week’s selection exclusively includes 4 coins. The additional coin makes the article a bit lengthier, so let’s take a dive right into it.
On Thursday, 19th November, the BTC/USD price rate opened at 17,810. In the first hour, the price dipped below 17,600 but quickly rebounded to almost the level of the open. In the next three hours, the price was edging up, several times reaching above 18,000.
The BTC price increase that we have seen this month has truly been exceptional. The cryptocurrency has managed to surge by a total of 55% over the past 30-days which allowed it to climb above the $18,000 level before dropping off slightly to $17,750.
We’re now well into Q4 2020, and Bitcoin is currently the star of the show in the cryptocurrency market. The world’s largest cryptocurrency has been on a tear recently, and sentiment is overwhelmingly bullish. Besides Bitcoin, we’re also featuring a popular privacy coin that’s about to have its first-ever halving, as well as an ambitious blockchain project focused on scalability and interoperability. Without further ado, here’s our top 3 coins to watch this week.