Although it was reported by CoinMarketCap that several crypto assets weakened this morning, the prices of the majority of crypto assets with the largest market capitalization were observed to vary with the majority showing a strong signal in today’s trading, after experiencing weakness last week.
However, you can check out this week’s Market Signal article, to predict market movements for the next week!
5 Bullish Crypto Assets
BTC was corrected from 750 million to down to 650 million, but the correction is still reasonable, and the price is still above the 200 EMA line at 585 million level. So BTC is still on the uptrend. Even though there was a rally to 750 million plus good news from El Salvador which accumulated BTC purchases up to 400 BTC and was confirmed by the President of El Salvador in his tweet, it turns out that whales and miners used this moment to take profit, so prices tend to be held back due to this take profit action. .
On the other hand, El-Savador, which became the first country to make BTC its official currency, drew criticism from the IMF and the World Bank.
As the second crypto asset after Bitcoin, Ethereum is the silver of the crypto asset market. Thanks to the Ethereum network that supports DeFi, many Blockchain projects have innovated with the concept of “Smart Contracts”. This utility feature has made Ethereum the second highest value cryptocurrency on the market according to its market cap of US$441.13 billion.
On August 13, Cardano tweeted that the Alonzo Upgrade was successfully completed in epoch 290, facilitating the creation and execution of smart contracts on a public blockchain for the first time.
Alonzo’s fork allows Smart Contracts to be written for Cardano using the Plutus script, which the team describes as “a Smart Contract development language and a custom-built execution platform using the Haskell functional programming language.”
Cardano is a public blockchain founded by Ethereum co-founder Charles Hoskinson and developed by his research firm IOHK.
TRON is a blockchain-based operating system that aims to ensure this technology is suitable for everyday use. Whereas Bitcoin can handle up to six transactions per second, and Ethereum up to 25, TRON claims that its network has a capacity of 2,000 TPS.
TRON was founded by Justin Sun, who now serves as CEO. Educated at Peking University and the University of Pennsylvania, he was recognized by Forbes Asia in the 30 Under 30 series for entrepreneurs.
Born in 1990, he has also been associated with Ripple in the past — serving as its main representative in the Greater China region.
Lastly, there is ALGO present in the Bullish crypto asset list. The long tail on September 7 indicates that there is aggressive bull action. Strong buying on Sept. 8 pushed Algorand (ALGO) above stiff overhead resistance level of IDR 27,746,-
Algorand is a self-contained, decentralized, blockchain-based network that supports a wide range of applications. The system is secure, scalable and efficient, all essential properties for effective real-world applications. Algorand will support computing that requires reliable performance guarantees to create new forms of trust.
Mainnet Algorand became active in June 2019, and was able to handle nearly 1 million transactions per day as of December 2020.
5 Bearish Crypto Assets
Telcoin (TEL) is a medium of exchange, reserve asset and native protocol token of a decentralized financial platform belonging to Telcoin users. TEL enables end users to seamlessly access and operate users’ global suite of decentralized financial products. TEL incentives coordinate market players, such as telecommunications and active users, to provide specific value-added services to end users of the platform, aligning the incentives of the Telcoin ecosystem to provide fast and affordable access to mobile users to every mobile user in the world. – owned financial products.
Telcoins are down 4.69% in the last 24 hours. CoinMarketCap’s current rating is #100.
Back to the list of bearish crypto assets, namely VIDYX. VIDYX is a token running on the TRON blockchain that will revolutionize how data ownership is sensibly mediated, refined and executed on the web. The VIDYX framework is a sustainable token economy that dually supports online publisher and consumer ecommerce video inventories.
Zcash is a decentralized crypto asset focused on privacy and anonymity. It uses the zero-knowledge proof-of-knowledge zk-SNARK technology that allows nodes on the network to verify transactions without revealing sensitive information about those transactions. His current rating on CoinMarketCap is #72. ZEC has a good supply of 12,638,300 ZEC coins and max. supply 21,000,000 ZEC coins. The price is seen down 2.60% in the last 24 hours.
Next, the crypto asset that experienced a decline was Dash. As one of the legendary crypto assets, DASH did not show an uptrend signal in the last few weeks. DASH has experienced frequent declines including its ranking in CMC which is now at number 61 (previously 59). Dash is down 0.78% in the last 24 hours.
Lastly, the XEM crypto asset which is down 2.49% in the last 24 hours. CoinMarketCap’s current rating is #71.
NEM (New Economic Movement) is an ecosystem of platforms that use blockchain and cryptography to provide solutions for businesses and individuals. XEM is the native crypto asset of the NIS1 NEM public blockchain.
NIS1 operates in a similar way to Bitcoin (BTC): it has a distributed network of independent nodes that process and record transactions on a public ledger called the “blockchain.” These nodes are incentivized to contribute their computing time and resources and remain incorruptible through transaction fee rewards; this reward is paid out in XEM coins to each node that manages to add a new transaction block to the end of the blockchain.
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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