Price analysis 10/6: BTC, ETH, BNB, ADA, XRP, SOL, DOGE, DOT, LUNA, UNI
Bitcoin has surged above the overhead resistance and that has pulled several altcoins higher. Bitcoin (BTC) skyrocketed above the $1 trillion market capitalization today, pulling the total crypto market capitalization close to $2.3 trillion. This marks a complete 100% recovery from the June 22 lows when the total crypto market capitalization had plunged to about $1.15 trillion. According to Chainalysis, the Central and Southern Asia and Oceania region has seen a massive increase of 706% in crypto transactions between July 2020 and June 2021. The total transaction value was $572.5 billion,....
Related News
The price of Dogecoin (DOGE) has continued to remain strong against Tether (USDT) despite growing bearish market sentiment as other crypto assets continue to decline in price. Bitcoin has shown bearish signs after being rejected from $25,200, but the price of DOGE has continued to trend higher with eyes set on the $0.1 mark. Related Reading: Bitcoin And Ethereum Retrace Before Crypto Sentiment Could Reach “Greed” Dogecoin (DOGE) Price Analysis On The Weekly Chart From the chart, the price of DOGE saw a weekly low of $0.052, which bounced from that area and rallied to a price of $0.088....
On Monday, terra (LUNA) rose for its 8th session in nine days, as its value increased by close to 60% over the last week. Anchor (ANC), on the other hand, was lower after climbing by almost 50% in the same period. Biggest Gainer Terra (LUNA) has been one of the standout performers in cryptocurrency markets in recent weeks, despite increased market volatility. Monday’s rally in LUNA/USD saw prices climb to their highest level in over six weeks, hitting the long-term resistance point of $84.70 in the process. This surge comes as the 14-day RSI also hit a hurdle, climbing to its....
LUNA has increased by about 300% just these past days, making it appear as if it had risen from the ashes. The feat began on September 9 and ended within a couple of hours. This is a result of a proposal to put a 1.2% token burn tax on all transactions, which will allow LUNC to become a deflationary cryptocurrency, according to a recent tweet from Haily LUNC. Unquestionably, the May-June LUNA crash has influenced the whole crypto community. There is a correlation between LUNA and other crypto stalwarts such as Ethereum if we compare the two. It may not be a price correlation, but rather....
DOGE’s price shows strength as it bounces from a downtrend range as price rallied to a high of $0.085 with eyes set on $0.1. DOGE could rally more if the price breaks and closes above $0.1 with good volume, as the price of DOGE looks bullish now. DOGE’s price remains strong on the daily timeframe above the 50 and 200 Exponential Moving Averages (EMA) as the price aims for more rallies. The price of Dogecoin (DOGE) has been one of the standout performers during the past few days, gaining the attention of many traders with the news of Elon Musk finalizing the ownership of....
On Saturday, May 28, 2022, LUNA classic and UST classic holders received an airdrop consisting of new LUNA 2.0 tokens based on two blockchain snapshots. The crypto asset’s first recorded value at 5 a.m. (ET), was $14.31 per unit and it hit an all-time high (ATH) roughly 20 minutes later at $18.87 per LUNA. LUNA has dropped more than 70% as it traded for $4.20 per unit at 11:00 a.m. on Saturday. LUNA 2.0 Launches The new LUNA token is now trading as the crypto asset was airdropped to LUNA classic (LUNC) and UST classic (USTC) holders. Presently, there’s a maximum supply of....