Top 5 cryptocurrencies to watch this week: BTC, DOT, LUNA, AVAX, EGLD

Top 5 cryptocurrencies to watch this week: BTC, DOT, LUNA, AVAX, EGLD

Even as Bitcoin consolidates, DOT, LUNA, AVAX and EGLD may continue their upward journey. Bitcoin’s (BTC) dominance has dropped from about 48% on Oct. 20 to 42.3% on Nov. 7 while the total crypto market capitalization has continued its northward journey. This indicates that the price action has shifted from Bitcoin to altcoins.CryptoQuant CEO Ki Young Ju said that Bitcoin whales are selling but this has not resulted in the breach of the strong support at $60,000. He also pointed out that Bitcoin reserves across exchanges have continued to decrease, indicating strong appetite from....


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VORTECS Report: When this indicator lights up, LUNA, MATIC and EGLD usually g...

Compounding modest gains is a key strategy for successful crypto traders — LUNA doesn't have to go to the moon to help profits rocket. Consistency is not generally a hallmark of crypto asset price movements. In a market characterized by volatility, outliers often become the norm — while even macro analysis of large cap assets such as Bitcoin and Ether is often wide of the mark.For cryptocurrencies with smaller market capitalizations, finding trading patterns can be even harder. But as the VORTECS Score™ from Cointelegraph Markets Pro continues to absorb the history of almost 200 digital....

Top 5 cryptocurrencies to watch this week: BTC, AVAX, ALGO, XTZ, EGLD

Bears continue to pressure BTC price but any signs of consolidation could lead to a breakout in AVAX. ALGO, XTZ, and EGLD. China has attempted to stifle the crypto sector’s growth on several occasions in the past 12 years but barring a minor blip, the blanket bans on crypto-commerce have not altered the long-term growth of cryptocurrencies. This shows that no one country, even if it is the second-largest economy in the world, can halt the emergence and growth of cryptocurrencies.Deutsche Bank analyst Marion Laboure said in an update on the bank’s website that Bitcoin (BTC) is likely to....

Top 5 cryptocurrencies to watch this week: BTC, AVAX, MATIC, EGLD, MANA

If Bitcoin rises above $60,000, select altcoins such as AVAX, MATIC, EGLD and MATIC may remain strong. Bitcoin (BTC) is witnessing a tough tussle near the $58,000 mark but that has not stopped select altcoins from hitting a new all-time high. This shows that traders are watching the fundamental developments on individual coins.One of the recent top performing major altcoins has been Avalanche (AVAX), which has soared more than 120% in November. The coin caught traders’ attention leading up to the announcement by accounting firm Deloitte which plans to build its disaster relief platforms on....

Back to back all-time highs from AVAX, ENJ and EGLD suggest it’s ‘altseason’

AVAX, ENJ and EGLD brush off the recent drop in BTC price by posting a fresh round of all-time highs. Its been a rollercoaster week in the cryptocurrency market after volatility returned to shake up Bitcoin (BTC) price, pushing the digital asset to lows not seen since mid-October. As has happened frequently in the past, the drop in price of BTC was followed by a rotation into altcoins and the Altseason Indicator from Cointelegraph Markets Pro suggests that the current market conditions are similar to those seen in the past when altcoins outperformed Bitcoin.Altseason indicator. Source:....

Terra (LUNA) hits record $20B TVL, surpassing Binance Smart Chain

Terra becomes the second-biggest DeFi chain in terms of total value locked after Ethereum. Terra (LUNA), an open-source stablecoin network, hit an all-time high of $20.05 billion in total value locked, or TVL, across its 13 product offerings, according to industry data. On Dec. 1, Terra's TVL was at $11.9 billion, signifying a 68% increase in less than a month. This means that the platform's users are investing in large quantities into the protocol to receive staking rewards. The price of LUNA, Terra's native token, is also steadily trending upwards, trading above $94 with a 31% increase....