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.
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.
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||71.2%||61||$41 781.93||-1.20%||-2.04%||$791 088 078 889|
|2||ETH||Ethereum predictions||64.4%||76||$3 104.92||-3.07%||-4.08%||$370 163 071 496|
|3||USDT||Tether predictions||96%||1||$1.000442||0%||0.02%||$78 349 190 476|
|4||BNB||Binance Coin predictions||70%||60||$462.66||-2.57%||0.34%||$76 392 115 063|
|5||ADA||Cardano predictions||76%||52||$1.41||-10.09%||16.06%||$47 131 349 412|
|6||USDC||USD Coin predictions||96%||1||$0.999818||-0.07%||0.01%||$45 754 530 091|
|7||SOL||Solana predictions||62.8%||81||$138.01||-1.88%||-1.19%||$43 357 154 185|
|8||XRP||XRP predictions||69.2%||65||$0.743566||-2.42%||-2.66%||$35 440 659 267|
|9||LUNA||Terra predictions||74%||57||$77.07||-0.63%||2.61%||$27 568 221 274|
|10||DOT||Polkadot predictions||73.2%||51||$24.34||-4.48%||-6.31%||$24 040 494 775|
|11||DOGE||Dogecoin predictions||75.2%||45||$0.166796||-2.47%||8.84%||$22 128 901 943|
|12||AVAX||Avalanche predictions||61.2%||79||$84.45||-2.78%||-7.81%||$20 636 453 390|
|13||SHIB||SHIBA INU predictions||70%||63||$0.000028||-3.69%||-2.92%||$15 307 020 912|
|14||MATIC||Polygon predictions||68.4%||59||$2.08||-6.22%||-11.45%||$15 177 353 942|
|15||BUSD||Binance USD predictions||90.8%||1||$0.998835||-0.12%||-0.19%||$14 198 835 768|
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2022 Crypto-Rating.com
The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.