BTC$27 087.02


ETH$1 894.54




Binance Coin


USD Coin




Is the crypto market too overcrowded? Not yet

29 Oct 2021


The cryptocurrency market moved into a correction phase after Bitcoin’s dip. From the US session until the beginning of active trading in Europe, the first cryptocurrency steadily traded below $60K but jumped above this round level from the start of the European session. Nevertheless, for the week, the coin is losing almost 10%. If we are seeing a local bottom now, the news is good enough. Some believe what is happening is a quick balancing process and preparation before the push for new highs. Others think it’s the beginning of a broader correction that will take BTC to $45K-$50K. In case Bitcoin falls to these lows, both these optimists and pessimists will buy.

Ethereum’s blockchain has received another update, and although the final phases of the roadmap are still a long way off, it is always seen positively by crypto market participants. Despite the retreat from the highs, the second cryptocurrency is holding above $4K.

Total cryptocurrency capitalisation is $2.5 trillion, near historic highs. Bitcoin’s dominance index is at a comfortable value of about 44.5%, reflecting the broad demand across the crypto market.

BTC/USD Daily Chart

The Crypto Fear & Greed Index has surrendered ground recently but remains firmly in “greed” mode. The RSI for BTCUSD on the daily chart is retreating further from the overbought area. Both indicators point to a widening space for further Bitcoin growth.

Several altcoins stood out firmly and are now at the centre of the news agenda. We are talking about the confrontation between the two meme tokens, Dogecoin and Shiba Inu. At one point, SHIBA INU’s capitalisation exceeded $50 billion, pushing XRP out of 7th place on CoinMarketCap. Of course, such episodes of growth are followed by a correction. Nevertheless, the situation is quite remarkable. The community considers SHIBA INU to be the “killer” of Dogecoin. But the crypto market space is quite enough for these two projects to coexist in harmony, with speculators switching from one to the other.

Another bright hero of the last few days was a 1inch token, which at some point jumped in price by 100% within a day. The coin got help from such fundamental factors as listing on the Upbit exchange and increased user activity.

As before, the crypto market continues to generate lightning-fast success stories attracting more investors to the sector, hoping to make quick and big money. Crypto casinos continue to work and win. Before the end of the year, we may see a new episode of ups and downs in the sector, and it looks like a new Bitcoin price high will cause an explosive demand for digital assets.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 93.2% 9 $27 087.02 -0.27% -0.06% $525 275 860 361 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 90.4% 5 $1 894.54 -0.31% 2.56% $227 788 525 796 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.6% 1 $1.000266 0% -0.02% $83 174 583 635 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 92.8% 3 $306.22 -0.05% -0.74% $47 726 034 527 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $0.999950 -0.01% -0.02% $28 902 979 509 USDC 7 days price change
6 XRP (XRP) XRP XRP predictions 77.6% 45 $0.523003 0.07% 10.63% $27 189 376 584 XRP 7 days price change
7 Cardano (ADA) ADA Cardano predictions 94.8% 5 $0.379137 0.78% 2.17% $13 229 654 737 ADA 7 days price change
8 Lido stETH (STETH) STETH Lido stETH predictions 93.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 91.6% 10 $0.072900 0.75% 0.19% $10 178 444 950 DOGE 7 days price change
10 Solana (SOL) SOL Solana predictions 82% 26 $21.28 0.54% 4.16% $8 445 521 119 SOL 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 84.4% 24 $0.902754 0.60% -2.77% $8 377 081 385 MATIC 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 79.6% 41 $0.081565 -3.18% 5.43% $8 293 183 944 WTRX 7 days price change
13 TRON (TRX) TRX TRON predictions 75.6% 46 $0.081676 -3.05% 5.19% $7 366 637 548 TRX 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 79.6% 43 $95.13 0.59% 6.20% $6 951 023 390 LTC 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 90.4% 7 $5.33 1.27% -0.64% $6 346 171 816 DOT 7 days price change

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