BTC$41 800.30


ETH$2 254.14




Binance 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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Bitcoin’s continued slide down
Bitcoin’s continued slide down
A new round of crypto market mistrust
A new round of crypto market mistrust
Bitcoin holds its range, but pressure mounts
Bitcoin holds its range, but pressure mounts
Bitcoin unlikely to end correction
Bitcoin unlikely to end correction
Bitcoin looks set to take a severe dive
Bitcoin looks set to take a severe dive
Bitcoin set for a deeper correction
Bitcoin set for a deeper correction
Bitcoin falls under pressure
Bitcoin falls under pressure

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 84.8% 16 $41 800.30 6.07% 12.97% $817 650 631 149 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 84.8% 27 $2 254.14 4.72% 11.49% $271 021 537 915 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 90.8% 1 $1.000265 0% -0.01% $89 671 342 751 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 82% 26 $231.16 1.80% 1.90% $35 066 472 230 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 79.6% 30 $0.623299 -0.16% 3.17% $33 588 707 166 XRP 7 days price change
6 Solana (SOL) SOL Solana predictions 65.2% 67 $61.88 -1.23% 12.69% $26 257 579 897 SOL 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000124 0.04% -0.01% $24 497 048 556 USDC 7 days price change
8 Cardano (ADA) ADA Cardano predictions 83.2% 28 $0.406130 3.91% 6.67% $14 340 520 491 ADA 7 days price change
9 Dogecoin (DOGE) DOGE Dogecoin predictions 77.2% 39 $0.088204 4.68% 11.59% $12 533 317 054 DOGE 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 91.2% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 TRON (TRX) TRX TRON predictions 84.8% 19 $0.103896 0.88% -0.38% $9 196 297 643 TRX 7 days price change
12 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 84% 21 $0.103677 0.55% -0.65% $9 176 826 999 WTRX 7 days price change
13 Chainlink (LINK) LINK Chainlink predictions 75.2% 43 $15.94 0.45% 11.66% $8 875 045 850 LINK 7 days price change
14 Toncoin (TON) TON Toncoin predictions 85.2% 20 $2.39 -0.69% -0.72% $8 206 328 944 TON 7 days price change
15 Avalanche (AVAX) AVAX Avalanche predictions 56.8% 87 $21.84 0% 5.94% $7 977 619 351 AVAX 7 days price change

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