Hello Indodax members! Who here has heard of the FTX ecosystem? Or maybe the very DeFi Uniswap & Algorand ecosystem? If so, that’s great! This time, Indodax Academy will discuss 5 bullish and bearish crypto assets in the next week and the presence of native tokens for exchange platforms in bullish markets such as ALGO, UNI & FTT present on the list of bullish crypto assets.

Curious? Let’s just scroll right away!

5 Bullish Crypto Assets

• FTX Token (FTT)

We start with FTT which is a crypto asset made by the FTX platform. FTX is a relatively new cryptocurrency exchange built by traders, for the traders themselves. FTX offers an innovative product where the exchange is complete for all types of trading options, derivatives, spot, futures, fiat, leveraged tokens, even for staking. We strive to develop a platform that is robust enough for professional trading companies and intuitive enough for first-time users.

According to CoinGecko, at the time this article was written, FTT prices were up 8.3% in the last 24 hours. FTT has a supply of 120 Million FTT in circulation and the total supply reaches 337 Million FTT.

• Uniswap (UNI)

Second, there is UNI which is the native crypto asset of the Uniswap protocol. In the Uniswap Protocol developers, traders and liquidity providers can participate together in an open and accessible financial market, also known as DeFi. DeFi technology did skyrocket in 2020 yesterday, however, its prestige remains consistent in 2021.

According to CoinGecko, at the time this article was written, UNI prices were up 34.3% in the last 24 hours. UNI has a circulating supply of 520 Million UNI and the total supply reaches 1 Billion UNI.

• Algorand (ALGO)

Algorand is a scalable, secure and decentralized cryptocurrency transaction and asset platform. The crypto asset is ALGO. According to CoinGecko, at the time this article was written, the price of ALGO was up 9.3% in the last 24 hours. ALGO has an outstanding supply of 5.9 Billion ALGO and a total supply of 6.44 Billion ALGO.

ALGO is currently moving up, touched its support level below the EMA200 line at the rate of 22869, ALGO is currently at 26039, the next resistance that ALGO can achieve is between 28959 – 29997.

If corrected again, the strongest support is currently in the range between Rp. 21,500 – 22,000.

• Elron (EGLD)

Elrond (EGLD) bounced off the 200 EMA at 2,944,723. If it is able to penetrate WMA 75 and 85 and rise above 3,343,522. EGLD will be able to shoot up to the next resistance in the range of 3.5 million. The RSI is currently just above the midpoint, indicating a balance between supply and demand.

When the downtrend EGLD was able to hold the sellers at the level of 3M, and the immediate price demand increased to 3.2M and is now trying to keep the price above the 200 EMA line. If they succeed, the pair may resume its advance and rally to 3.5M and then to 4.1 million.

According to CoinGecko, at the time of this writing, the price of EGLD is up 9.9% in the last 24 hours and has an outstanding supply of 20 Million EGLD and a total supply of up to 20.4 Million.

• Hedera Hashgraph (HBAR)

Lastly, there is HBAR present on the list of bullish crypto assets. According to CMC, Hedera Hashgraph is up 6.68% in the last 24 hours. His current ranking on CoinMarketCap is #42.

Hedera Hashgraph is a public network that allows individuals and businesses to create robust decentralized applications (DApps) and is designed to be a fairer and more efficient system that removes some of the limitations that older blockchain-based platforms faced — such as slow performance and instability.

5 Bearish Crypto Assets

• Filecoin (FIL)

According to Coinfi, Filecoin (FIL) is currently the #26 crypto asset by market cap at $6.4B USD. The most common news source covering Filecoin is its Twitter account.

Taken from Trading View, FIL price is down 10.7% over the last 24 hours. FIL may fall further below and trade near its low. So far, the parameters show a decrease.

• QTUM (QTUM)

The second, QTUM. According to Coinfi, QTUM is currently the #93 crypto asset by market cap at $977.9 million USD. There has been no innovation and the latest news from this project, causing the market to become increasingly sluggish. What do you think the developer is preparing for, huh?

• NEO

In the 4H timeframe, NEO touched its lowest support at around 530K, then tried to rise and touched 563K, NEO price rose 5.2% in the last 24 hours. NEO has an outstanding supply of 71 Million NEO and a total supply of up to 100 Million.

NEO uses a smart economy approach to implement the concept of a distributed network. Its main goal is to digitize assets using a decentralized network of blockchain technology and digital identities.

• EOS

Fourth, EOS. EOS has always been one of the most hype over the ICO and now a smart contract platform. When announced by founder Dan Larimer in New York City in May 2017, a giant jumbotron advertisement was seen shining above Times Square. In the first 5 days of their ICO token sale, EOS raised an unprecedented $185 million in ETH — all of them yet to have any products or services.

EOS claims to be “the most powerful infrastructure for decentralized applications.” Basically, EOS is (or, to be more precise, will be) a blockchain technology like Ethereum. They plan to create their own blockchain with an impressive long list of features. Some even refer to EOS as the “Ethereum killer.” But along with all the hype and excitement about EOS, there is also a huge amount of skepticism coming from the crypto community.

• Zilliqa (ZIL)

Lastly, just like last week, ZIL is present in a bearish crypto asset.

Zilliqa is a public blockchain designed to offer high throughput with the ability to complete thousands of transactions per second. Zilliqa seeks to solve blockchain scalability and speed issues by using sharding as a second layer scaling solution. The platform is home to many decentralized applications, and as of October 2020.

NOTE: If the 5 EMA crosses the WMA 75, 85 and 200 EMA lines and the lines intersect from the bottom up, then the market trend tends to go up (bullish),
in each table above shows if, the value of EMA 5 is higher than WMA 75.85 and EMA 200 then the market tends to go up (bullish).
If the RSI and MACD values ??show the same condition, it means the market is showing the same trend, overbought (overbought) or oversold (oversold) conditions are an indicator that the market is already at the point of changing the direction of the trend.

ATTENTION: All content which includes text, analysis, predictions, images in the form of graphics and charts, as well as news published on this website, is only used as trading information, and is not a recommendation or suggestion to take an action in a transaction, either buying or selling. certain crypto assets. All crypto asset trading decisions are independent decisions by the user. Therefore, all risks arising from it, both profit and loss, are not the responsibility of Indodax.