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Tag: Crypto

Kadena (KDA) – Where can the Price move Now?

At the time of writing, KDA is being traded at the rate of $17.25 with an increase of 3.74% within the last 24 hours.

The low within this tenure was around $16.75 and the high was approximately $18.80. The coin as being in the watchlist of many traders makes it rank all the way up to number 51st according to the latest data released by coin market cap.

KDA made its all-time high in the month of May 2021 where it reached an enormous amount of $88. At the moment it has a daily volume of $63,878,766 with an increase of 17.44% within the last 24 hours. The circulating supply of KDA is now around 160M and a maximum supply of 1B. KDA has a dominance of 0.11%.

The top exchanges for trading KDA are currently KuCoin, Gate.io, Hoo, Hotbit.

Technical Analysis – Kadena

Not much data is available on the daily time frame so choosing the 4H time frame to get a better idea about how the price may move.

The price has a structural high and a structural low. The price has been moving between these two levels. There are two possible movements of KDA. One that it can move upwards and come down to retest the level from where we can look for possible longs.

The second possible movement is the price to drop down and come back and face resistance to drop down from where possible shorts can be opened.

It all depends on the lower time confirmations because the price movement is quite unclear at the moment. Sometime later, we can look for a better opportunity when the price becomes more clear.

Price Prediction – Kadena (KDA)

In the long run, KDA is a highly good opportunity. In September it was being traded at the price of around $0.74 and now it has crossed fifteen dollars. According to the wallet investor, the price of KDA is to reach a value of $33.136 in a year. For a five-year plan, the price will reach a value of $97.046. The way the price of KDA has grown, the traders are even more bullish on the value and they think that it will reach even more.

December 2, 2021
Uniswap (UNI) – Where can the price move now?

At the time of writing, UNI is being traded at the price of $22.37. The price of UNI has increased by almost 2.92% in the past 24 hours. The maximum and minimum of the day are around $22.73 and $20.57. The daily trading volume has also increased by almost 38.84% in one day. UNI is listed on coinmarketcap at 17th spot according to market capital and has a market dominance of about 0.54%.

UNI before the crash had achieved it all-time high around the price of $2.70 in May 2021. During the crash, UNI created a bottom and dropped down to $45. As compared to other coins UNI has been one of the slow gainers but it is still comparatively closer to the bottom than the ATH. But the way it is moving. During the crash, it created a bottom of $13.

UNI has a total supply of around 1B tokens and has a circulating supply of around 627M coins. UNI can be traded at a lot of different exchanges such as crypto.com, OKEx, Huobi with different trading pairs.

Technical Analysis – Uniswap

On the daily time frame, UNI has one of the cleanest charts on the daily time frame. The price was making lower highs and lower lows and ultimately shifted the structure of the price. The price was consolidating for a lot of days. During the structural shift, the price printed a green candle and by doing this left an order block. This order block has now been mitigated.

The price broke down from the accumulation phase and touched the order block. Now there is no reason for the price to the drop down. A smaller order block has also been created by the price to move upwards.

A possible movement for the price is to move upwards and touch the trend line resistance. From there we can expect a possible reaction from the price. If the price from there drops down we can expect it to drop down to touch the new unmitigated order block. From there possible longs can be taken by taking confluences into consideration.

Price Prediction – Uniswap(UNI)

Uniswap(UNI) has been one of the highly bullish coins in the market. According to wallet investors, UNI in one year is expected to reach a value of $38.89. In five years, it is expected to touch $113.606.

December 2, 2021
OKB Coin – What is the Chart showing us?

According to coinmarketcap, the maximum supply of OKB is around 300M OKB and the circulating supply is around 60M OKB. It holds the 79th rank according to market cap and has a market dominance of about 0.06%.

At the time of writing, OKB is being traded at the price of $27.14 with an increase of almost 5.87% in the last 24 hours. OKB is a really strong token fundamentally. The maximum and minimum today are $28.02 and $24.93 respectively. The daily trading volume has also increased by almost 22.75%. OKB had created its ATH in May 2021 and reached a price of almost $44.355. The price later dropped down to a price of almost $8.50. Since then the price started moving upwards and has been on the same trajectory since then. The past two months have been bullish. In October, we saw an increase of about 32.62% and in November, it was around 19.83%.

Technical Analysis – OKB

On the daily time frame, we can see that the price has been continuously moving in the uptrend and making higher highs.

The price was respecting the trend line and moving upwards. But soon, it failed to create another higher high and resulted in the break of structure. This break of structure initiated the fall. The price fell down to touch the last lower low from where it had bounced off. By doing this it had gotten the necessary fuel to move upwards.

Now the first hurdle in the way is the structural shift. If the price gets above it and becomes stable we can expect the price to continue moving upwards and create higher highs. In case the price fails and mitigates the top we can expect OKB to drop down and touch the order block below (which was formed by the impulsive move upwards). From there we can look for possible longs if we get enough confluences about the price movement.

Price Prediction – OKB (OKB)

According to wallet investor OKB is a good investment and is providing a great return. According to them, OKB is supposed to reach the value of $39.060 in a single year and in five years the price is expected to reach a value of $99.607. But people who trade are quite optimistic about the price and think that it would reach quite a high value.

December 2, 2021
Cardano (ADA) – On the Move?

At the time of writing this article, ADA, the native token of the Cardano network, has a value of $1.72 (9.53% increase today) with a trading volume of $2,504,946,661 with an increase of about 45.51% over the past 24 hours. It has been of the top gainers today among the top 100 cryptocurrencies.

ADA is listed on coinmarketcap in 6th place. It has a market dominance of about 2.23%. ADA had created its all-time high around the price of $3.10 in September 2021. During the crash, the price dropped down to a level of $0.9 from where it showed reversal. It wasn’t long before it went on to create a new all-time high.

The maximum supply of ADA is around 45B while the current circulating supply is around 33.31B coins.

Technical Analysis – Cardano (ADA)

Before the launch of their smart contract, ADA was creating its all-time high. After that, the price started to fall. It can be clearly seen that the price was following a trend line and it was dropping down. Soon after the price broke the trend line after getting rejected two times before.

After breaking it, the price went into the accumulation phase. The candle that brought the price out of the trend line had an imbalance present. The price wicked down to mitigate the level and then it shot upwards. On the 4H time frame, we can see that the candles are momentous.

The point of interest is the level from where the price first got rejected before breaking out of the trend line. It can be expected for the price to get rejected again and drop down to full fill the imbalance. After that, we can expect the price to move upwards and long positions can be taken depending on the lower time frame confirmations. Invalidation would be price stabilizing above $1.7 and then we can expect the price to touch the daily order block.

Price Prediction – Cardano

The coin also seems to have a good future. Cardano has also launched their smart contracts in September and it wouldn’t be long before ADA becomes mainstream and dApps are made. It shows that it can go massive in the future. According to the wallet investor, it is expected to reach the value of $3.70 in a year. For five years, the price is expected to reach a value of $12.097.

December 2, 2021
Curve Dao (CRV) – What is the Chart Showing Us?

According to coinmarketcap, the maximum supply of CRV is around 3B CRV and the circulating supply is around 433M CRV. It holds the 72nd rank according to market cap and has a market dominance of about 0.09%.

At the time of writing, CRV is being traded at the price of $5.23 with an increase of almost 8.71% in the last 24 hours. CRV is a really strong token fundamentally. The maximum and minimum today are $5.48 and $4.59 respectively. The daily trading volume has also increased by almost 52.48%. CRV had created its ATH in August 2020 and reached a price of almost $23. The price later dropped down to a price of almost $0.4. Since then the price started moving upwards and has been on the same trajectory since then. The past two months have been bullish. In October, we saw an increase of about 89% and in December, it was around 15%.

Technical Analysis – Curve Dao (CRV)

A lot is happening on the daily chart of CRV. The first thing of interest is the formation of the pole flag pattern that the price is currently forming. It can be seen that the price had created a pole and then a flag. This has resulted in a drop in the price. After this, the price rallied up to create the second part of the structure and created an order block on the way.

Now the drop had occurred and the unmitigated areas might drive the price upwards from where it can face rejection. This rejection would ultimately cause the price to drop down to the order block which was formed and as a result would also complete the pole flag pattern.

Invalidation in this scenario would be the price going upwards and becoming stable. This would result in the creation of a new higher high. Of course, lower time frame confirmations should be taken into consideration to have a cleaner entry into the market.

Price Prediction – Curve Dao (CRV)

According to wallet investors, CRV is a good investment but does not provide a great return. According to them, CRV is supposed to reach the value of $6.90 in a single year and in five years the price is expected to reach a value of $12.5. But people who trade are quite optimistic about the price and think that it would reach quite a high value.

December 2, 2021
Where is Polygon (Matic) Moving Now?

At the time of writing MATIC is being traded at the price of $2.03. The price of MATIC has increased by almost 11.25% in the past 24 hours. The maximum and minimum of the day are around $2.03 and $1.76. The daily trading volume has also increased by almost 52.69% in one day. MATIC is listed on coinmarketcap at 17th spot according to market capital and has a market dominance of about 0.53%.

MATIC before the crash had achieved its all-time high around the price of $2.70 in May 2021. During the crash, Matic created a bottom and dropped down to $0.621. As compared to other coins MATIC has been one of the fast gainers but it still hasn’t touched its ATH. But the way it is moving, it wouldn’t be long before it goes into price discovery.

MATIC has a total supply of around 10B tokens and has a circulating supply of around 7.02B coins. It can be traded at a lot of different exchanges such as crypto.com, OKEx, Huobi with different trading pairs.

Technical Analysis – Polygon (Matic)

Matic has been one of the most bullish charts in the market. On the daily time frame, we can see that the price was respecting a trend line which eventually resulted in a descending wedge being created. Once the price broke out of the structure, the price came down to retest the support level.

It should be noticed that it was being supported and it had bounced from a trend line in the past. Now the price is moving with a huge momentum towards the upside. A target in mind is the grabbing of liquidity, which is present on the top side. Once it catches that, we can expect a reaction from the price.

In case the price becomes stable we can expect it to go higher, but on the other hand, if it fails to hold the level, we can expect the price to drop down. The first level of interest is the price around $1.7 from where the price can bounce. The second level of interest is around $1.2.

Price Prediction – Polygon

Polygon (Matic) has been one of the highly bullish coins in the market. According to wallet investor, Matic in one year is expected to reach a value of $3.475. In five years, it is expected to touch $10.667.

December 2, 2021
Where is Loopring (LRC) moving to?

At the time of writing LRC is being traded at the rate of $2.82 with a decrease of 2.54% within the last 24 hours.

The low within this tenure was around $2.72 and the high was approximately $2.96. The coin as being in the watchlist of many traders makes it rank all the way up to number 51st according to the latest data released by coin market cap.

LRC made its all-time high in the month of November 2021 where it reached an enormous amount of $3.85. At the moment it has a daily volume of $500,979,005 with an increase of 3.73% within the last 24 hours. The circulating supply of LRC is now around 1.33B. LRC has a dominance of 0.14.

The top exchanges for trading LRC are currently Binance, Mandela, FTX, OKEx.

Technical Analysis – Loopring (LRC)

There isn’t much available on the daily time frame, so moving to the 4-hour time frame to notice more details. It can be seen that the price is consolidating. It should be noticed that the price is being supported by a trend line. At numerous positions, LRC has bounced back from there.

The price had formed a head and shoulder pattern which has resulted in the drop in the price. Now, this drop created an imbalance in the position. This imbalance can drive the price upwards. Normally we see the price to mitigate the 50% of the imbalance candle and we expect it to happen.

The second zone to notice is the order block formed below. If the price isn’t able to hold above, we can expect LRC to drop down and touch the order block. Of course, it can reverse from other positions such as around $2.6. In case the price holds, we can expect a higher move upwards to create new highs.

Price Prediction – Loopring (LRC)

In the long run, LRC is a highly good opportunity. In September LRC was being traded at the price of around $0.4 and now it has crossed two dollars. According to the wallet investor, the price of LRC is to reach a value of $3.676 in a year. For a five-year plan, the price will reach a value of $6.369. The way the price of LRC has grown, the traders are even more bullish on the value and they think that it will reach even more.

December 2, 2021
Where is Algorand (ALGO) moving Now?

At the time of writing this article, ALGO, the utility token of Algorand, has a value of $1.95 (7.54% increase today) with a trading volume of $741,396,537 with an increase of about 61.83% over the past 24 hours. It has been of the top gainers today among the top 100 cryptocurrencies.

ALGO is listed on coinmarketcap in 21st place. It has a market dominance of about 0.46%. ALGO had created its all-time high around the price of $3.44 in June 2019. It later dropped to the price of $0.06 in March 2020 from where it showed reversal. Since then, the coin has been on an upward trajectory but is still far from what its highest price was. It has a circulating supply of about 6.29B. It has a total supply of about 10B.

Technical Analysis – Algorand (Algo)

We can see that on the daily time frame, Algo was moving and respecting the trend line. The price broke down to create a fake-out which has eventually led to a highly impulsive move upwards.

The price of Algo was quick to retrace back and started moving lower. On a smaller time frame, we can notice, how it was respecting the trend line after this as well but eventually broke out of it as well.

A point of notice here is the daily order block that lies below, which started this whole move. The second point to notice is the wick which was long enough to grab the liquidity above. As the price is now starting to print the higher high. It can be expected of it to reach the middle of the wick and mitigate it. Once it happens, additional confirmations on the lower time should be taken into consideration about how the market may behave there.

If the price becomes stable we can expect Algo to move higher, if it isn’t able to keep up, we can expect the price to drop down and touch the unmitigated daily order block.

Price Prediction – Algorand (Algo)

The coin also seems to have a good future. With the amount of potential, it has (since it still hasn’t been able to break its all-time high). It shows that it can go massive in the future. According to the wallet investor, it is expected to reach a value of $2.922 in a year. For five years, the price is expected to reach a value of $7.830.

December 2, 2021
What is NEXO – Providing Fiat loans

Nexo is like a bank but blockchain-based. Users deposit their cryptocurrencies to receive loans in fiat currency. The cryptos such as BTC, Ethereum can be deposited to the platform, and then loans can be received. Their native token is also known as NEXO, which can be used to provide discounts on interests that have been accumulated on the loans provided.

It aims to solve the inefficiencies in the market. It uses smart contracts and oracles to record whatever is happening. The oracle establishes the loan after a user sends cryptocurrency to a Nexo-controlled wallet, and the funds are instantaneously assigned to the user. The oracle returns the cryptocurrency and records the transaction on the blockchain when the user makes a deposit to repay the loan. The platform is powered by smart contracts, which are also utilized to keep track of user balances.

The company has a loyalty program to keep the users interested in the market. This way it provides them rewards in the form of dividends (a total of 30% of the profit).

According to coinmarketcap, the total supply of NEXO is around 1B coins and the circulating supply is around 560M NEXO. NEXO holds the 75th rank according to market cap.

Price Movement – Nexo (NEXO)

At the time of writing NEXO is being traded at the price of $2.87 with an increase of almost 5.26% in the last 24 hours. NEXO is a really strong token fundamentally. The maximum and minimum today are $2.87 and $2.72 respectively. The daily trading volume has also increased by almost 78.39%. It had created its ATH in May 2021 and reached a price of almost $4.120. The price later dropped down to a price of $1. The price has been bullish on higher time frames and we saw an increase of about 89.94% in the month of October. In November, we saw a decrease of only 0.76%.

Price Prediction – Nexo (NEXO)

It is a really strong token. We have seen a huge amount of gain in the price in a single month alone. As a result, we can expect growth in the price in the future. According to wallet investor it is expected to reach a value of around $4.46 in a year and is expected to reach a value of $12.070 in five years.

December 2, 2021
What is Klaytn (KLAY)?

Klaytn (KLAY) is a global public blockchain platform created by Ground X, a blockchain subsidiary of Kakao, South Korea’s largest internet corporation. Klaytn is a service-oriented blockchain platform with an easy-to-use development environment and a welcoming user interface. It is based on a firm foundation of dependability and stability, as well as extensive service development for widespread adoption.

The platform enables large-scale real-world applications to be created immediately, allowing our end-users to take full advantage of services without requiring extensive knowledge of blockchain or cryptocurrencies.

Klaytn (KLAY) uses a hybrid approach that combines the best of both worlds, with decentralized data and control, distributed governance, and low latency and high scalability, which are key advantages of public blockchains, and low latency and high scalability, which are key elements of private blockchains. Furthermore, Klaytn is safeguarded by the involvement of a number of well-known firms from around the world, who have collaborated to build a dependable business platform based on a robust decentralized system.

Price Movement – Klaytn (KLAY)

The coin had created its All-Time High in October 2021 and reached a price of almost $4.4 before falling down to a price of $1.6 and closing there. During the crash, the price dropped down to a value of $0.82. At the time of writing this article, KLAY is being traded at a price of $1.56. The price has almost increased by 8.67% today. In this month alone the price has increased by almost 12%.

The Total volume at the moment is $87,677,185 with an increase of 55.16% in the past 24 hours. The coin is listed on coinmarketcap on the 49th spot and has a market dominance of about 0.15%.

Long Term Price Prediction – Klaytn (KLAY)

Wallet Investor thinks that KLAY is a highly bullish coin and it would continue to rise in value. According to their prediction, in one year KLAY will reach a value of $2.53. In a five-year plan, the price is expected to reach a value of $7.041.

December 2, 2021