Top 5 cryptocurrencies to watch this week: BTC, BNB, LUNA, MANA, SAND
Bitcoin looks ready to rebound off a critical support level and if this happens select altcoins like BNB, LUNA, MANA and SAND may also attract buyers. Bitcoin (BTC) and most major altcoins have been struggling to recover from the sharp fall seen on Nov. 26. This indicates that traders may be nervous to buy at current levels due to the uncertainty regarding the new heavily-mutated coronavirus strain detected in South Africa.According to a CryptoCompare report, Bitcoin’s assets under management decreased 9.5% to $48.70 billion in November. On the other hand, the AUM of altcoin-based crypto....
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The metaverse is a new type of digital reality that incorporates elements of social networking, augmented reality, blockchain technology, and cryptocurrencies. Cryptocurrency might be a perplexing subject to grasp. Many people believe the industry is untrustworthy and view investing as a gamble. Nevertheless, this fast expanding industry uses vast sums of money. Large investments may yield large returns, and 2018 has been a banner year for practically every major cryptocurrency and its supporters. Among the major cryptocurrencies, ApeCoin (APE) is making significant progress in the sphere....
SAND was up by over 15% on Friday, as crypto prices rebounded following sell-offs during Thursday’s trading session. SAND fell to a one-week low yesterday, with MATIC, another notable gainer, dropping to nearly a ten-day low on Thursday. Overall, crypto markets are up 1.30% as of writing.
The Sandbox (SAND)
SAND was one of the most notable movers during today’s trading session, as crypto prices rebounded on Friday.
Following a low of $0.9644 on Thursday, SAND/USD rallied to an intraday peak of $1.17 to start the month of July.
Prices of the....
This week, MANA showcased a slew of 2.5% gains. EMAs are also moving above Decentraland’s token’s price. MANA price tallies 2.5% gains MACD looks flat and not showing any bullish sign Decentraland market cap at $1.29 billion At this point, MANA’s price is close to its lowest for 2022. The bears are eyeing a new low for the year while also trying to get on top of the costs below the range of $1.0. Sometime in August, MANA’s price plunged which negatively impacted buyer expectations especially as the coin is still getting massive rejections resulting from the trend....
Bitcoin could eventually attempt a relief rally which might trigger a rebound in MANA, MKR, ZEC and KCS price. Bitcoin (BTC) has been relatively calm during the weekend as crypto traders try to rebuild the markets after the Terra LUNA debacle. With macro factors not supportive, several analysts expect the recovery to be a slow grind.Crypto research firm Delphi Digital said in a recent report that the rally in the United States dollar index (DXY) had pushed its 14-month relative strength index “above 70 for the first time since its late 2014 to 2016 run up.”Historically, 11 out of 14 such....
THETA, GALA, and SAND were some of Saturday’s biggest cryptocurrency casualties, as an onslaught of bearish pressure pushed prices lower. This came whilst market bulls were few and far between to begin the weekend. Biggest Gainers As of writing, DOGE and LUNA were both marginally higher, however it was XRP that made the most gains within the crypto top 100 this Saturday. Despite the majority of cryptocurrencies remaining in red, XRP is up nearly 6% as of writing, following two days of strong bullish sentiment. XRP/USD rose to an intraday high of $0.8237 on Saturday, following a low....