Since yesterday, Bitcoin has gone from almost $52K to $50.7K. On Tuesday, the crypto market was green on nearly all fronts, including ETH, ADA, XRP, etc. And although the Fear Index continued to remain in the horror zone with 26 points, everyone was buying altcoins. However, BTC did not gain a foothold above the resistance at $51,800, so it is premature to talk about conquering the heights and completing the correction.
Perhaps this is not even a correction now, but a search for the actual price without rose-coloured glasses and excessive optimism. Whether there are still those who want to ride up at their own expense on the market, we will only find out when Bitcoin rises above $56K.
A Grayscale poll found that 26% of American investors have already bought BTC. So, apparently, we just need the remaining 74% to join in. But do they have any motivation? Moreover, the United States has introduced cryptocurrencies into its anti-corruption strategy, although exactly how this will affect the market is unclear.
Aside from the local downward trend in Bitcoin, the cryptocurrency market remains bullish, rapidly changing sentiment and moving from correction to growth. Based on the posts on Twitter, the popularity of cryptocurrencies is only growing. Thus, in partnership with the Gemini crypto exchange, the largest bank in Colombia, Bancolombia, added transaction services with BTC, ETH, LTC, and BCH to its list. Video game developer Ubisoft has launched an NFT platform, and blockchain project Spiral, a division of Jack Dorsey's Block, will improve Bitcoin's Lightning Network.
Among the small altcoins, the hot class of projects related to the metauniverses remains. This topic is so popular that almost any new project considers it its duty to point out the potential for the development of this topic. It seems that investors are recruiting all newcomers to their portfolio, hoping to get an impressive profit if at least one project hits.
However, you should be extremely careful. At the end of November, it seemed that the Covalent coin, issued six months ago, recovered relatively quickly from the traditional drawdown in the first months of its life. However, since the beginning of December, its value has been rapidly decreasing, colouring the first eight days of the month in red and confidently remaining below the offering price. At the same time, this cryptocurrency suits well for intraday trading: for yesterday's session, for example, it grew by 3.62%, although this did not affect the overall “red” result.
|#||Crypto||Prediction||Accuracy||CVIX||Price||24h||7d||Market Cap||7d price change|
|1||BTC||Bitcoin predictions||72.4%||61||$41 312.94||-1.79%||-2.97%||$782 208 393 376|
|2||ETH||Ethereum predictions||65.6%||74||$3 057.90||-4.13%||-4.99%||$364 557 204 266|
|3||USDT||Tether predictions||92.8%||1||$1.000957||0.03%||0.07%||$78 389 539 616|
|4||BNB||Binance Coin predictions||71.6%||61||$454.95||-4.03%||-0.74%||$75 119 228 033|
|5||ADA||Cardano predictions||71.2%||51||$1.37||-11.53%||13.83%||$45 869 836 376|
|6||USDC||USD Coin predictions||90.8%||1||$0.999548||-0.04%||-0.05%||$45 742 193 035|
|7||SOL||Solana predictions||62.8%||81||$134.45||-3.98%||-3.06%||$42 237 959 711|
|8||XRP||XRP predictions||66.8%||64||$0.728701||-3.80%||-4.17%||$34 732 162 139|
|9||LUNA||Terra predictions||69.6%||57||$76.09||-1.12%||0.67%||$27 219 693 512|
|10||DOT||Polkadot predictions||72%||51||$23.84||-5.97%||-7.36%||$23 544 579 275|
|11||DOGE||Dogecoin predictions||77.6%||46||$0.160728||-5.76%||5.59%||$21 323 857 260|
|12||AVAX||Avalanche predictions||62.4%||79||$81.61||-6.07%||-9.81%||$19 942 092 907|
|13||SHIB||SHIBA INU predictions||68.8%||63||$0.000027||-4.93%||-3.67%||$15 025 615 032|
|14||MATIC||Polygon predictions||69.2%||59||$2.02||-8.18%||-12.60%||$14 789 690 265|
|15||BUSD||Binance USD predictions||96%||1||$0.999731||-0.10%||-0.13%||$14 211 573 940|
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