Cryptocurrency is a notoriously volatile industry, regardless of what coin you’re trading. During periods of extreme volatility, it’s easy to become disheartened when trades don’t go your way. It’s also easy to become overconfident when you get lucky, falsely attributing it to your trading strategy — when, in reality, the price often rose or fell for reasons other than you assumed. Despite the uncertainty, there are sometimes still strategies you can use to trade certain tokens… Source link

A widely followed crypto analyst says that Bitcoin (BTC) could continue its uptrend as he keeps a close eye on Litecoin (LTC) and three Ethereum-based (ETH) altcoins. Pseudonymous trader Rekt Capital tells his 334,000 Twitter followers that he expects BTC to continue rising as long its dominance level successfully retests a key level. “A BTC Dominance monthly close above the range high resistance could set BTCDOM up for retest. Successful retest there and BTC Dominance would… Source link

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Monero receives an average long-term technical score of 45 from InvestorsObserver analysis. Our proprietary scoring system considers the trading patterns over the past several months to a year by analyzing the coin’s consistency, volatility, and where it is relative to long-term averages to determine whether it’s a strong buy-and-hold investment opportunity. Currently, XMR holds a superior long-term technical analysis score than 45% of… Source link

Valeria Blokhina Check out U.Today’s news digest and make sure you are up-to-date with the latest events in the industry! Here are the top four news stories over the past day presented to you by U.Today. Ripple will win now, ‘zero doubt,’ CryptoLaw founder says, but there’s a catch Yesterday, CryptoLaw founder John Deaton commented on the ongoing case of Grayscale against the SEC concerning the conversion of GBTC into a Bitcoin ETF. Deaton tweeted that, in his opinion, Grayscale’s… Source link

Improved data transparency across payments in banks, financial services, and other business sectors drives the growth of the global bitcoin mining hardware market PORTLAND, Ore. , Jan. 27, 2023 /PRNewswire/ — Allied Market Research published a report, titled, “Bitcoin Mining Hardware Market by Type (Application-Specific Integrated Circuit, Field Programmable Gate Array, Graphics Process Unit, Central Processing Unit), by Security (Two-Factor Authentication, Biometric Security, NFC… Source link

Northmantrader.com founder Sven Henrich provides insight on investing in cryptocurrency on ‘Making Money.’ Bitcoin’s precipitous plunge in price helped it become the world’s the most hated virtual currency in 2022, according to a survey by crypto education website Coin Kickoff.  The world’s largest cryptocurrency by market value was the most disliked coin in 16 countries, led by Canada, Qatar and Finland. Ethereum and solana were the world’s most loved, led by Indonesia, Russia… Source link

Litecoin (LTC) has rebounded by 130% to almost $100 after bottoming out near $40.50 in June 2022. The primary reasons include broadly improving risk-on sentiment and euphoria around the Litecoin halving in August 2023. However, technicals suggest that LTC may wipe out most of these gains in the coming months. LTC price paints giant bear flag  Litecoin stands to pare its gains mainly due to a giant bear flag on the weekly char.  A bear flag is a bearish continuation pattern that occurs when… Source link

A widely followed cryptocurrency trader is urging traders to be cautious about an altcoin that has skyrocketed to a new all-time high this year. Despite Aptos’ (APT) “absolutely insane” triple-digit percentage point increase over the last two weeks, the pseudonymous analyst Kaleo tells his 559,500 Twitter followers that the smart contract-enabled blockchain is likely to sell off against the US dollar. According to Kaleo, Aptos is also likely to sell off heavily when paired… Source link

Polygon’s native MATIC token has soared 8.3% overnight to $1.08, as per CoinGecko data, while the overall crypto market cap has held steady above the key $1 trillion mark.  This makes Polygon the tenth-most valuable cryptocurrency with an overall market capitalization of $9.6 billion, above Solana with $745 million, but below Dogecoin with $11.8 billion.  Polygon is a collection of scaling technologies built to improve Ethereum’s scalability.  Prior to its rebrand, Matic Network focused… Source link