Who here is waiting for BTC to hit another 900 million? Today, BTC has entered the level of 877,999,000! Just a little more for the price of 900 million. Bitcoin’s shallow pullback increases the prospect of an all time high in the short term and altcoins like ETH and FTM could move higher while BTC prepares for its next move. Fantom uses tactics of “investment protocol” and “incentives for developers” to grow their community and attract liquidity to their DeFi ecosystem, and so far these tactics have led to a strong increase in FTM prices.
5 Bullish Crypto Assets
Bitcoin surged above the 800 million Rupiah resistance on October 15. Sales had dominated the market when on October 18 the price had corrected to 830 million from 860 million, but the positive sign is that the bulls are still strong. The positive rally is still happening and now BTC has touched another 870 million mark.
The RSI index is in the overbought zone, indicating that the buying dominance is still strong. If the price rises from its current levels and breaks above the 880 million – 890 million resistance, BTC could potentially rise to the previous ATH at 900 million.
Weakening may occur if the market is overbought, possibly BTC will return to its closest support at the price range of 845 million (MA25) or move deeper to the level of 810 million – 800 million.
The correction momentum will also be used by buyers to buy assets when the price drops, if it happens with a large volume the price will likely bounce back up to the uptrend path of 850 – 900 million.
In line with BTC, ETH has increased 31% to date at the price of 54 million, in early October and then ETH was still moving in the price range of 42 million. A slight correction had occurred to the level of 51 million, but ETH was able to hold on to the support area and rose back to 54 million.
If the price drops from the current level, the ETH/IDR pair may drop to the level of 52 million (WMA 85), then the price will rebound and continue its trend to 55 million and may even touch the previous high of 60 million.
If the correction deepens, ETH could be corrected to its old support at 50 million – 49 million.
The FTM Fantom token is in a strong uptrend. The price managed to maintain the breakout level above 30K, indicating that sentiment remains positive and traders buy on the downside.
The RSI is already at 59.36, warning that the bullish momentum may weaken if the RSI has risen to the 70s or 80s. If the price is able to move above 33 thousand the uptrend may continue, with the next target target in the range of 40 thousand.
On the other hand, if the price drops from 30K, the FTM/IDR pair may drop to 28K and consolidate between these two levels for several days. A break and close below 26K may signal the start of a deeper correction.
Stellar Lumens (XLM)
Recently, the Stellar development team has been busy innovating and adding to its features. They also have many programs that the community can take advantage of. One example is the Stellar Community Fund.
Reporting from his Twitter, Stellar continues to follow many conferences and events in the Blockchain sphere. This makes the community grow and the demand for XLM also increases.
Simply put, Stellar is an open network that allows money to be moved and stored. When it was released in July 2014, one of its goals was to increase financial inclusion by reaching the unbanked world – but soon after, the priority shifted to helping financial companies connect with each other through blockchain technology.
A total of 100 billion XLMs were issued when the Stellar network launched in 2015 — but things have changed since the release date. Currently, the total supply reaches 50 billion XLM, and the current circulating supply is 20.7 billion.
Lastly, there is ZEC present on the Bullish crypto asset list. ZEC is a decentralized crypto asset that focuses on privacy and anonymity and uses zero-knowledge proof zk-SNARK technology that allows nodes on the network to verify transactions without revealing sensitive information about them. Zcash was first released on October 28, 2016, and was originally based on the Bitcoin codebase.
Overall, the tokenomic of Zcash is similar to Bitcoin: it is a rare minable token with a total supply limit of 21 million coins.
A new ZEC is created in the form of a “block subsidy”: each time a new block is mined and added to the end of the blockchain, a number of coins are minted and divided into a “miner subsidy” and a “founder reward” at a ratio of 80 to 20 percent each. Block subsidies are halved periodically to slow the issuance rate as the total ZEC supply approaches its cap of 21 million.
5 Bearish Crypto Assets
The first to experience bearish is TFUEL. It seems there hasn’t been much news and the latest updates from this project and this has resulted in a sluggish market.
Theta Fuel (TFUEL) is one of the two native tokens on the Theta blockchain. TFUEL is different from Theta Token (THETA), which is a Theta blockchain governance token backed by thousands of community-managed Guardian nodes and its Corporate validators including Google, Binance, Blockchain ventures, Gumi and Samsung.
TFUEL is the second token on the Theta blockchain that functions as a utility token in decentralized video and data delivery, also acts as a gas token. This means that it is used to power all operations on the Theta blockchain, such as payments to relays to share video streams, to deploy and interact with smart contracts, and as fees associated with NTF and DeFi application transactions.
Second, there is FIL. Recently, Filecoin has become the official storage partner of “Flow Blockchain”, working to provide decentralized storage for NFTs minted on the Dapper Lab network. Filecoin said in Wednesday’s announcement that the move is part of a push to ensure nonfungible tokens (NFT) holders and issuers are “safely available everywhere.”
This announcement follows an earlier move in August where Dapper Labs worked to integrate its Filecoin storage service with the Flow Blockchain. This collaboration allows Flow users to print NFTs, take advantage of InterPlanetary File System (IPFS) content addressing and store tokens in a decentralized storage hosted by Filecoin.
So, let’s just wait, maybe after this project runs smoothly the price will also go up again, what do you think?
XinFin Network (XDC)
After hitting an all-time high last August, XDC has entered the ranks of the bearish crypto assets this week. Currently, they are trying to realize a “green cryptocurrency”.
XinFin’s XDC network is now in a position to achieve the highest performance without relying too much on power consumption. XinFin bridges the gap for all companies looking to take advantage of decentralized applications. Founded in 2017, XinFin Network is now positioned as a top enterprise blockchain, partnering with institutions to provide outstanding technology that enhances infrastructure across multiple industries using state-of-the-art smart contracts. XDC greatly reduces its energy consumption and carbon footprint.
Fourth, NEO. Originally known as Antshares, the project was believed to be China’s first public blockchain when it launched in February 2014. The open-source platform was renamed Neo three years later.
In addition to creating a worldwide developer community that creates new infrastructure for the network and lowers barriers to entry, the team behind the project operates the EcoBoost initiative designed to encourage people to build decentralized applications and smart contracts on its blockchain. NEO is often equated with the “Chinese version of the Ethereum network”.
However, it can be seen from the chart, instead of steadily increasing, NEO actually shows a steady decline in prices. CoinMarketCap’s current rating is #53, with an immediate market cap of $3,050,347,360 USD. It has an outstanding supply of 70,538,831 NEO and max. supply 100,000,000 NEO.
Judging from the latest news, NEM is not announcing any updates. This of course affects the market activity. NEM is down 3.07% in the last 24 hours. CoinMarketCap’s current rating is #73, with an immediate market cap of $1,502,034,330 USD and has an outstanding supply of 8,999,999,999 XEM and max. supply 8,999,999,999 XEM.
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.
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