Eine Studie der renommierten Boston Consulting Group zeigt auf, dass der Kryptomarkt noch viel Luft nach oben hat.
When to buy Fantom token as price stays clear of the breakout zone
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Fantom token holds above $0.288 breakout support
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The cryptocurrency is strong but is stalling as most tokens endure market corrections.
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Investors should wait to buy FTM after a retracement, potentially towards $0.288
Fantom FTM/USD is one of the cryptocurrencies that has staged recoveries recently. The cryptocurrency breached key resistance at $0.288 following strong gains. The breakout opened a potential for lasting recoveries, which remains intact.
Don’t get it wrong; FTM is not yet a buy as most cryptocurrencies start corrections. Fantom token has held to the robust gains, with up to a 5% surge as of the time of writing. We still believe FTM will correct it, and buyers should be looking for another bullish ride. The key question now is; when?
Fantom token hits a resistance pointing to a potential correction
Source – TradingView
On a lower time frame, FTM has hit resistance at $0.34. The cryptocurrency is holding onto the resistance, but the bullish strength remains weak. The shorter-term 14-day and 21-day moving averages continue to support the price. We believe short-term investors should be defensive at the current level as FTM remains vulnerable.
The correction could see the price crash back below the moving averages. The token could find support at $0.31 or $0.30, although the established level is at $0.288. If FTM regains strength, the price could reverse at the intersection with the moving averages. The token has already been making higher highs and higher lows. As a result, we can’t rule out a potential break past $0.34. What we insist on now is that FTM keeps the $0.288 intact, which is the reference bottom price.
Concluding thoughts
Although a correction is imminent on the Fantom token, it is still a hold. However, new buyers should consider buying lower. The potential levels to watch are $0.31, $0.30, and $0.288.
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Shiba Inu flashes a bear signal as correction gets underway – What next?
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Shiba Inu SHIB is correcting after the latest gains
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Shiba Inu blockchain partnered with The Third Floor for its metaverse project.
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The cryptocurrency is entering the consolidation zone
The last one week has been good for crypto buyers as most tokens returned by double digits. However, it is now time for corrections as investors take profits. Shiba Inu SHIB/USD is one of the tokens in a correction wave, and short-term investors should be cautious.
Very few developments have been occurring on Shiba Inu lately. On July 20, the network announced a partnership with The Third Floor. The partnership with the American visualization company will power the blockchain to its metaverse project. Shiba Inu’s metaverse is already a closely monitored event. However, Shiba Inu investors could be waiting for more than just a partnership. The launch of the metaverse will be a game changer, but for now, SHIB investors are merely speculating.
SHIB/USD has lost by 4.58% in the last 24 hours as of the time of writing. The drop means a lot for SHIB as the cryptocurrency is entering a bearish market.
Shiba Inu forms a bearish pin bar at resistance
Source – TradingView
Technically, SHIB is bearish. MACD indicators are bullish, but that does not align with the technical levels. The token seemed to have overcome resistance at $0.000012 after breaking past it. It is now emerging that it was a false breakout. A bearish reversal has resulted in the formation of a bear pin bar. We expect the price to continue sliding until the cryptocurrency finds support at $0.00001.
Summary
Shiba Inu token is bearish as correction occurs at key resistance. SHIB may continue to fall and find support at $0.00001. Investors should consider selling now for a chance to buy lower at the support.
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3AC-Gründer legen Verbindungen zu Terra offen, gestehen Übermut ein
Die beiden Gründer von Three Arrows Capital räumen ein, dass ihre massive Investition in Terra (LUNA) ein Fehler war.
Ethereum is that asset institutional investors may soon feel ‘compelled to own’, Bitwise CIO says
Bitwise CIO Matt Hougan sees the crypto market growing 5-10x bigger in the next few years, with the next market cycle likely catalysed by Ethereum’s merge.
Bitwise Asset Management CIO Matt Hougan says Ethereum (ETH) transitioning from a proof-of-work (PoW) to proof-of-stake (Pos) network, and the announcement of the date of the “Merge” is “a massive piece of news” – likely the signal that marks the beginning of a crypto bottom.
Hougan, speaking in an interview with Bloomberg on Friday, also believes the highly anticipated Merge puts Ethereum on the cusp of unprecedented adoption by institutional investors.
The Merge is big, and not just for Ethereum
Last week, Ethereum developer Tim Beiko announced that the highly anticipated Merge update will happen in mid-September, and the crypto market’s reaction helped ETH price soar more than 40% – rising from about $1,200 to over $1,640. Ethereum had dipped below $1k earlier in the month.
Hougan says a bottoming process could be underway as a result of the announcement, with this probably marking the turning point that eventually heralds the next crypto boom.
“We may look back on the merge – or the announcement of the date of the merge – as the single moment that turned us from sort of the crypto winter into at least a sideways move before we go to the next big move.”
As for Ethereum, Hougan says the network is poised for its biggest development since the explosion in decentralised finace (DeFi) in 2020. Ethereum has not seen as much institutional hype as Bitcoin, but the transition, the Bitwise exec believes, will help make the cryptocurrency an even more attractive asset for institutional investors.
“It’s going to transform Ethereum into an asset that institutional investors feel increasingly attracted to, maybe even compelled to own… Institutional investors have only been in Bitcoin primarily, but in the future of crypto they’re going to be in Bitcoin, Ethereum and, I would argue, a wide array of assets.”
Catalyst for 5-10x market growth
DeFi, non-fungilbe tokens (NFTs) and stablecoins were all huge over the last bull market. Before that, it was Ethereum-based initial coin offerings in 2017 and prior to that, Bitcoin’s revolutionary, non-sovereign monetary system in early 2010s.
The future of crypto could see “five or six other killer products” emerging over the next few years. When this happens, greater adoption could see the market grow 5-10 times. Hougan explained when he thinks this will happen.
“I think it will be the moment that crypto goes mainstream and your friends, your uncles, your cousins are all interacting with the crypto market through gaming, digital identity, music and NFTs ticketing, DeFi and stablecoins for payments,” he opined.
This kind of growth, he argued, might just be “a year or two off.”
During the Ethereum Community Conference (EthCC) in Paris earlier this week, co-founder Vitalik Buterin talked of the “long and complicated” journey that has been the transition to PoS.
He noted that the Merge was just a part of the roadmap that could end with Ethereum as a “a system that is more powerful and robust in so many ways.” But even then, with the pivotal merge, Ethereum would only be “55% complete.”
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