Deutschland und USA haben sich im zweiten Quartal noch den ersten Platz unter den Top-Krypto-Wirtschaften geteilt. Nun ist Deutschland ganz allein auf Platz eins.
VeChain price above $0.023: Where next for VET?
VeChain is slowly recovering from its recent slump and could be headed for more gains over the next few days.
VET, the native coin of the VeChain blockchain, is up by more than 1% in the last 24 hours. Over the past seven days, VET has lost more than 2% of its value.
However, with the broader cryptocurrency market now performing well, will VET recover from its recent slump?
What is driving VET’s price higher today?
VET is up by more than 1% in the last 24 hours. The cryptocurrency maintains its position as one of the top 50 cryptocurrencies by market cap.
There is no apparent catalyst behind VET’s performance today. At press time, VET is trading above the $0.023 psychological level.
The positive performance comes as the broader cryptocurrency market recovers from last week’s slump. The total cryptocurrency market cap is up by more than 1% so far today and currently stands at around $930 billion.
Bitcoin is heading towards the $20k psychological level once again after adding roughly 2% to its value today. Ether is also trading above $1,300 as it is up by nearly 3% in the last 24 hours.
What’s the outlook for the VeChain price?
VeChain has been underperforming over the past seven days. However, its performance resonates with that of the broader cryptocurrency market.
With Bitcoin and the broader cryptocurrency market now recovering, you could expect VeChain to rally higher again in the near term.
If the bulls can continue to maintain the current market momentum, VET could target August’s high of $0.0333 over the next few days. However, it would need the support of the broader cryptocurrency market to soar higher.
VeChain technical analysis
The VET/USD 4-hour chart is still bearish despite VeChain performing well over the past 24 hours. However, the technical indicators show that VET is recovering from last week’s poor performance.
The MACD line is below the neutral zone but has been rising slowly toward the positive region. Thus, indicating that the bulls are gaining momentum in the market.
The 14-day relative strength index of 43 also shows that VET is no longer in the oversold territory.
If the bulls remain in charge, VET could surge past the first major resistance level at $0.0257 before the end of the day.
However, it would need the support of the broader cryptocurrency market to make a move toward the $0.0267 resistance level over the next few days.
How to buy VeChain?
Follow these simple steps to buy Litecoin:
Step 1: Open an eToro account:
Visit the official eToro website and open an account within a few minutes.
Step 2: Fund your account:
Fund the newly-opened eToro account with your local fiat currency. You can deposit as much as you desire.
Step 3: Start trading Litecoin:
You can immediately start trading VeChain against a host of other cryptocurrencies like Bitcoin or against fiat currencies like the GBP or USD.
Where to buy now
Capital.com
Capital.com is a global broker which offers over 200 cryptocurrencies for its users. It comes with a range of features such as; great security, 24/7 support, demo accounts and a wide variety of assets. On top of that, it also has no inactivity, withdrawal or deposit fees, which makes it stand out from other crypto brands.
Buy VET with Capital.com today
Binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
The post VeChain price above $0.023: Where next for VET? appeared first on CoinJournal.
Bankman-Fried zu „100 Prozent“ für Wissenstest für private Derivatehändler
Der FTX-Gründer erklärte, ein Wissenstest für private Derivatehändler „könnte Sinn machen“, aber das sollte nicht nur für Krypto gelten.
Long-term investors to boost crypto holdings despite bear market, says deVerge Group CEO
The Chief Executive Officer of deVerge Group believes that long-term investors are crucial to the performance of the crypto market in the long run.
The CEO of deVerge Group, Nigel Green, discussed the importance of long-term investors in the cryptocurrency market in a recent interview.
With its headquarters in Dubai, the United Arabs Emirates, deVerge Group is a leading independent financial advisory, asset management and fintech organisation.
Green said long-term investors play an important role in the cryptocurrency market. He said;
“Markets are now predicting that policymakers at major central banks, including the U.S. Federal Reserve and Bank of England, are likely to remain resolute in pumping up interest rates in their battle to beat down unexpectedly stubborn inflation.
Five powerful officials of the world’s most influential central bank, the Fed, in comments made on Thursday, maintained a hawkish theme that inflation remains far too high and they won’t be put off raising rates. We expect a 75 basis-point hike when they gather 1-2 November.”
With more market volatility expected over the coming months, Green said long-term investors would have the opportunity to purchase cryptocurrencies at low rates. He added that;
“Given Bitcoin and Ether’s current correlation with stock markets, we anticipate further, perhaps heightened, volatility in the crypto market before the end of 2022. However, for serious investors, this will not necessarily be seen as a bad thing.”
Green added that major investors would treat the volatility the same way they treat such incidences in other financial markets. The deVerge CEO further explained that;
“The major investors, including institutional ones, will treat it in the same way as turbulence in any other market.
Some of the world’s best investors consistently use market volatility as a major buying opportunity in traditional financial markets – and the cryptocurrency market is now no different.
When used effectively and efficiently, volatility can be an extremely powerful investment strategy.”
Green said that despite the current market volatility, Bitcoin had remained the best-performing asset in the world in recent years. He said;
“Bitcoin remains the best-performing asset class in the world and has consistently ranked amongst the best for both traditional and crypto investment sectors over the last few years.
Savvy, long-term crypto investors will be looking to benefit from panic-sellers by buying their digital currencies ‘on the cheap’ to enhance their investment portfolios. Serious investors will not be spooked by further volatility. This isn’t their first rodeo.”
Bitcoin is up by less than 1% in the last 24 hours and is currently trading just above the $19k support level.
The post Long-term investors to boost crypto holdings despite bear market, says deVerge Group CEO appeared first on CoinJournal.
Bitcoin-Kurs bleibt bei 19.000 US-Dollar ruhig, doch Volatilität „wird kommen“
Ein langweiliges Wochenende geht für Bitcoin zu Ende, doch die Experten sehen schon bald neue Volatilität kommen.