Crypto Weekly Market Analysis: 09.03.2021
David Derhy, analyst, eToro: Ethereum prices rebound with proposals set to change gas fees Ethereum prices rocketed back above $1,700 over the weekend, hitting a multi-week high after a major upgrade to the network was announced. The Ethereum Improvement Proposal 1559 will be implemented as part of the planned London hard fork coming this July for the network and will see a major shift in the way users transact. Currently, users pay a gas fee […]
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Data shows the NFT weekly trading volume has now declined to lows not seen since June 2021, as the NFT hype continues to die down. NFT Weekly Trading Volume Has Now Come Down To Just $81 Million The non-fungible token market has been struggling since a few months now as the rest of the crypto […]
Data shows the NFT weekly market volume has now plunged down to the lowest value since July of 2021. Is the non-fungible token hype fading? NFT Weekly Trading Volume Sinks To Lows Not Seen Since July Of Last Year As Bitcoin and the wider crypto market has continued to bleed recently, the non-fungible token sector […]
The price of One-inch (1INCH) has shown some great strength in recent times against tether (USDT) as the price gears up for a rally to the $1.3 mark. Bitcoin’s (BTC) price has shown a little strength bouncing off from key support, leading to most crypto assets popping out from their shell, with the price of One-inch (1INCH), not an exception. (Data from Binance) Related Reading: Crypto Market Remains Extremely Fearful As Bitcoin Struggles At $20,000 One-inch (1INCH) Price Analysis On The Weekly Chart The price of 1INCH has recently shown a measure of strength, bouncing off from a....
The price of Polkadot (DOT) shows strength after bouncing from key support on the weekly chart against Tether (USDT). After Bitcoin (BTC) bounced from its monthly low of $19,000, this signaled a relief for other crypto altcoins including the price of Polkadot. (Data feeds from Binance) Related Reading: SOL Loses $40 After The Exploit – What’s The Next Support? Price Analysis Of Polkadot On The Weekly (1W) Chart From the chart, the price of DOT saw a weekly low of around $6.50, where it has formed support. The price has built more momentum as it faces resistance at $10. A break above....
The price of Fantom (FTM) shows strength and could be set for a major run against Tether (USDT) with eyes set on $0.7. Bitcoin’s (BTC) price saw a bounce from $23,000 to $24,800 as the favorable news from the consumer price Index (CPI) saw a good response across the boards in the crypto market. As a consequence, the price of Fantom was able to try and break out of its range. Related Reading: Latest Report Shows Ethereum Whales Buy 312 Billion SHIB During Crypto Winter The consumer price Index measures inflation in the economy, due to market sentiments this affects the prices of....