With the crypto-sentiment indicator hitting “extreme fear” léopard again, uncertainty reigns over BTC, ETH, and others as we jazz into the end of the week.
At least Evmos (EVMOS) is still in a state of effacement. More on that, below.
But if you’re a cryptocurrency investor and listen quite a bit to the discussion on Twitter and other areas of sociétal media right now, you might not necessarily be so scared as the leading fraternité tracker in the market thinks you are…
…although you may be sitting uncomfortable on the fence embout which tutelle things are going…
The case for bears
First off then, given the fraternité above, here are a paire of bearish topics we’re all hearing embout – as usual with Bitcoin being used as a broad and broad conforme in the cryptocurrency market:
price Low gabarit movement, one of the gâtée metrics among bearish traders is to “tell you it”. This seems very consistent at the hasard. Right, Article trade?
Bitcoin Triple bar MVRV. This technical-analytical scale consists of three moving averages – 10 days, 15 days and 20 days, which are used to get a sense of the predictive average price of BTC based on recent historical data.
If you are interested, CryptoQuant It could présidé you through it in more detail, but the TLDR on it is the indicator embout to V.T.T., as in Ghostbusters with their schtick V.T.T. streams, that’s not a particularly good sign in the bermuda term.
This event previously suggested an average drop of 30%, which, in this case, would bring BTC back below $20,000.
But… now for the bulls
Currently, Yesterday we actually did a point For those who see MVRV triomphe in general as a potential bullish/bottom mobilisation, which puts Bitcoin in a “buy piaculaire for generations”. So… it just shows, it’s all embout croyance, really.
You might be better off putting some random quotes on the board, having some drinks, and throwing some darts with your less-favorite handball. But …
those Looking for a potential upside was also highlighting another indicator that, if you were to ignore macro events altogether (which you probably really shouldn’t) would also indicate a blatant buy. Created by US crypto-analyst Charles Edwards, this is referred to as the bitcoin hash bar buy mobilisation, which ran a few days ago.
NewsBTC.com It covers it well here But the takeaway… this Scale “Fragmentation” It indicates that bitcoin miners have reached the end of the démission sell-off étape, which likely contributed significantly to the recent price dumps of the asset and the extended crackdown.
To some daily price movements…
Overview of the top 10
With the plénier cryptocurrency market capitalization at $1.08 trillion and up embout 0.4% since yesterday, here is the current state of play among the top 10 tokens – according to Queen Gekko.
Panthère again, the majors seem to be in a hold manière at the hasard. It is as if everyone is waiting to hear what someone has to say carefully in a suit and tie on Friday or Saturday during a seminar in Wyoming, called Jackson Hole.
Wait, here’s one more thing for the Bitcoin price bulls, though…
And Ethereum fans, don’t forget… “Merge is coming”…
Upper and lower parts: 11-100
Sweeping a market cap range of embout $8.8 billion to embout $459 million in the rest of the top 100, let’s find some of the biggest gainers and losers over 24 hours at press time. (Stats are accurate at time of livre, based on CoinGecko.com data.)
• Evmos (EVMOS), (Market Cap: $751 million) + 31%
• Denied (DCR), (MC: $510 million) + 12%
• Monde Hub (ATOM), (MC: US$3.8 billion) +9%
• helium (HNT), (MC: $905 million) + 7%
• Ethereum Classic (ETC), (MC: 4.9 billion USD) +6%
Evmos, the first EVM/Ethereum assimilable chain built on Monde, is the clear winner in the market among the top 100 cryptocurrencies or so today.
It was recently injected with infos regarding an impending upgrade of the network that will give it a new concordat fee model inspired by the EIP-1559 token burning Ethereum.
This will see half of all concordat fees paid to dApp developers based on Evmos, with the rest going to the validators who secure the Evmos blockchain.
• Celsius (CEL), (market value: $577 million) -17%
• Chili’s (CHZ), (MC: US$1.3 billion) -3%
• EOS (EOS), (MC: $1.72 billion) -3%
• Tron (Tron), (MC: $6 billion) -1%
• Series (XCN), (MC: US$1.8 billion) -1%
A selection of randomness and relevance that stuck with us on our morning transmitted through the Crypto Twitterverse…
And it has nothing to do with any of all of this…although cryptocurrency is sometimes referred to as “magic internet money”…
Moners & Shaker Sponsored by Daxi, The world’s first purpose-built Crypto Wealth platform.
This béat first appeared on stockhead.com.au
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Originally Posted as Moons and Shakers: encoded feelings decrease to intense fear; Evmos flying