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||93.2%||3||$26 578.13||1.46%||-1.21%||$515 523 852 307|
|2||ETH||Ethereum predictions||92.8%||1||$1 851.65||1.45%||-0.94%||$222 625 164 413|
|3||USDT||Tether predictions||96%||1||$1.000135||0.02%||0%||$83 312 701 560|
|4||BNB||Binance Coin predictions||91.6%||11||$263.30||1.73%||-13.80%||$41 036 442 955|
|5||USDC||USD Coin predictions||95.6%||1||$0.999980||0.01%||0.03%||$28 439 686 561|
|6||XRP||XRP predictions||69.6%||56||$0.525411||1.38%||3.20%||$27 314 551 970|
|7||ADA||Cardano predictions||90%||7||$0.323589||0.63%||-11.72%||$11 293 739 388|
|8||STETH||Lido stETH predictions||93.2%||1||$2 941.39||-0.40%||-3.32%||$10 258 752 564|
|9||DOGE||Dogecoin predictions||92.8%||8||$0.067802||1.05%||-5.51%||$9 471 068 578|
|10||WTRX||Wrapped TRON predictions||73.2%||51||$0.077563||0.87%||3.14%||$7 886 264 204|
|11||SOL||Solana predictions||89.6%||16||$18.90||1.09%||-8.24%||$7 526 603 562|
|12||MATIC||Polygon predictions||84.8%||16||$0.780049||1.87%||-12.35%||$7 246 243 263|
|13||TRX||TRON predictions||74.8%||49||$0.077629||1.27%||3.65%||$6 997 511 849|
|14||LTC||Litecoin predictions||78.4%||38||$88.46||-0.35%||-6.33%||$6 466 841 922|
|15||DOT||Polkadot predictions||90.4%||6||$5.03||0.42%||-3.75%||$5 993 939 800|
Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.
© 2015-2023 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.