Schlagwort: crypto analysis

Just a day before the end of September, the European Central Bank released a report on the progress of the EU’s move toward a digital Euro. Per the report, they are making progress towards a CBDC. Many other countries have made headlines throughout September over intentions to pivot towards digital fiat, an indicator that CBDCs will soon be a global phenomenon.

While they are efficient, digital fiat currencies have privacy concerns that will likely see more people take an interest in privacy cryptocurrencies. That’s why there is a good chance that going into October, privacy coins could bounce back.

Below are three privacy coins that we believe could make a resurgence in October after flying under the radar over a couple of years.

Monero (XMR)

EZinvest

Buy XMR with EZinvest today Disclaimer

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.

Buy XMR with Binance today

Monero (XMR) is one of the best privacy coins on the market today. Monero’s privacy technology is so advanced that it is one of the few truly fungible cryptocurrencies ever made. For this reason, Monero stands out as one of the best privacy-focused coins that could do well in October and even into the distant future. 

ZCash (ZEC)

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy ZEC with eToro today Disclaimer

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.

Buy ZEC with Binance today

ZCash (ZEC) is another top privacy coin that could do well if privacy coins take off in October. Like Monero, ZCash’s Zero Knowledge Proof approach to privacy is among the best in the market. Besides that, ZCash has the advantage of regulatory compliance. That’s because ZCash has both the option of private transactions and non-anonymous KYC transactions. 

Dash (DASH)

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy DASH with eToro today Disclaimer

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 DASH with Capital.com today Disclaimer

Dash (DASH) also makes it to the list for its strong privacy tech. One thing that makes DASH unique from the other privacy coins is its high degree of adoption. Dash is widely used, especially in South America, for everyday payments. This means it has substantial intrinsic value, and FOMO around privacy coins could take it to new levels.

The post Top privacy coins to watch in October as EU reports on digital Euro appeared first on CoinJournal.

Like other financial markets, the cryptocurrency market is set to end September in the red. This is due to the lingering geopolitical issues and raging inflation worldwide. However, one thing about cryptocurrencies is that with the right news, they can pump even when every other market is bearish.

For this reason, it makes sense to start scouting for cryptocurrencies with the big news coming up in October. Such cryptocurrencies have the potential to give you significant gains regardless of the prevailing conditions. 

To help you make that choice, here are 3 cryptocurrencies with big news coming up in October, holding significant price pump potential.

Chainlink (LINK)

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy LINK with eToro today Disclaimer

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 LINK with Capital.com today Disclaimer

Chainlink (LINK) has taken a hit throughout 2022. However, there is reason to be optimistic about Chainlink in October. That is because, after many months of waiting, Chainlink staking could soon become a reality.

Speculation is rife that Chainlink Staking could be announced during the SmartCon 2022 that will run between September 28th and 29th, 2022. If the announcement is made, the excitement it will create could easily trigger a LINK rally in the short term. 

That’s because, besides this potential news, LINK is one of the most fundamentally strong cryptocurrencies in the market today. Chainlink is the largest decentralised data oracle in the market and today secures more than $20 billion in the DeFi ecosystem.

Quant (QNT)

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy QNT with eToro today Disclaimer

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.

Buy QNT with Binance today

Quant (QNT) is not only a cryptocurrency to watch in 2022 but also one already showing promise. Just two days towards the end of September, Quant is one of the few cryptocurrencies in the green and is up by over 20%. 

Quant’s rally has much to do with expectations of what its founder will talk about at the CordaCon 2022. If he makes optimistic pronouncements and the current rally continues into October, FOMO could kick in and send Quant to new heights within the month. 

Besides CordaCon, Quant is one of the strongest cryptocurrencies from a fundamental’s perspective. As such, a price rally could turn investor sentiment positive and take Quant to new heights longer term. 

Binance Coin (BNB)

eToro

eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.

Buy BNB with eToro today Disclaimer

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 BNB with Capital.com today Disclaimer

Binance Coin (BNB) has been among the most respected and successful cryptocurrencies for years. While it has dropped for the better part of 2022 due to macro factors, there is reason to be bullish on Binance Coin in October. 

That’s because Binance, the world-leading cryptocurrency exchange behind Binance Coin, is currently on a global campaign to encourage crypto tourism. This is a big deal because as they do this, they are also creating more exposure to cryptocurrencies. Since Binance Coin is the native token to the Binance ecosystem, it’s pretty natural that they will promote it more than the other cryptocurrencies. 

At the same time, the Binance Coin quarterly coin burn is expected at some point within the month. Since it will take millions of BNB tokens out of circulation, Binance Coin could end up as one of the top-performing cryptocurrencies in October and for many months.

The post 3 Cryptocurrencies with big news that could rally in October appeared first on CoinJournal.

• PancakeSwap token has pumped by 12% in the past one week

• CAKE has ranked high on social metrics in the week 

• The cryptocurrency has met a psychological $5 resistance and could correct

PancakeSwap CAKE/USD continues to excite despite the broader market slump. The cryptocurrency trades at close to $5, the highest in 4 months. On crypto ranking, PancakeSwap has moved to #60, up from #78 in July. This week, the cryptocurrency has gained by more than 12%.

CAKE’s gains coincide with positive social metrics. On September 29, the cryptocurrency was the second most mentioned BNB Chain project on Twitter. The social media mentions coincided with a 3.95% price jump in 24 hours.

Again on September 24, CAKE ranked second behind XRP on the AltRank list. The list ranks tokens based on social metrics and indicates upside anticipation for the coin. Aappratenly, CAKE was trading at $4.5 on the same date before surging to touch $5 earlier today.

CAKE meets resistance at $5 after weekly gains

Skilling

Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.

Buy CAKE with Skilling today Disclaimer

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 CAKE with Capital.com today Disclaimer

Source – TradingView

Technically, CAKE has been moving in a system of higher highs and higher lows. The price action indicates a building and sustained bullish momentum. The token has corrected slightly after meeting resistance at $5. The level coincides with overbought conditions, with the RSI at 70. 

Concluding thoughts

Being overbought does not mean that CAKE will undergo an outright correction. Instead, it suggests that buyers may exit positions, which could force a market correction.

With a positive price movement since June, CAKE is among the cryptos to beat the weak sentiment. With the projected correction at $5, buyers would look again to scoop the token at $4.5.

On the flip side, if CAKE manages to break above $5, it could initiate a longer-lasting recovery. An upside could see the token face minor resistance at $5.7.

The post PancakeSwap prediction as price maintains uptrend appeared first on CoinJournal.

Bitcoin recovered its $20k resistance level yesterday but couldn’t maintain it as the broader market embarked on a bearish run.

Bitcoin, the world’s leading cryptocurrency, has been underperforming over the last few hours. It has lost more than 7% of its value in the last 24 hours despite starting the week positively.

The poor performance coincides with that of the broader cryptocurrency market. The total crypto market it currently stands below $920 billion, down by more than 5% in the last 24 hours.

Bitcoin reached the $20k mark earlier this week after performing well. However, the bears regained control of the market, and BTC is now trading at around $18,700 per coin. 

Ether, the second-largest cryptocurrency by market cap, briefly surged past the $1,300 resistance mark earlier this week. However, it is now down by more than 7% in the last 24 hours and is trading around $1,280 per coin.

Key levels to watch

The BTC/USD 4-hour chart is turning bearish as Bitcoin is relinquishing some of the gains it accumulated earlier this year. The technical indicators show that Bitcoin is currently underperforming against the broader market.

BTC/USD Chart By TradingView

The MACD line remains above the neutral zone but could soon fall into the negative region if the bearish trend continues.

Furthermore, the 14-day relative strength index of 41 shows that Bitcoin could enter the oversold region if the bears remain in charge.

At press time, BTC is trading at $18,717 per coin. If the bearish trend continues, Bitcoin could dip below the first major support level at $18,298 over the next few hours.

Bitcoin has managed to stay above $18k in recent weeks, and the bulls could defend their position above that price in the near term.

The bulls could also regain control of the market before the end of the week and push Bitcoin towards the $20k psychological level once again. 

However, unless there is an extended bullish run, Bitcoin should steer clear of the $20,819 resistance level over the next few days. 

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy BTC with eToro today Disclaimer

Skilling

Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.

Buy BTC with Skilling today Disclaimer

The post Bitcoin slips below $19k once again, but can it recover its $20k resistance level soon? appeared first on CoinJournal.

• Bitcoin has jumped above the $20 price level amid a fading momentum

• The token remains correlated to equities, which equally saw some bullishness

• The dollar index, which usually moves inversely to BTC, may be due for a reversal

Bitcoin BTC/USD is up 5% in the past day, the highest level in two weeks. The run-up has driven the token to reclaim the $20,000 price level. In the weekly outlook, BTC is up 6.81%, trading at $20,197 at the time of writing.

Despite the recovery, BTC has remained subdued since trading at $69k in November last year. The sell-off represents 71% loss from the ATH and 56% year-to-date. Nonetheless, a few market dynamics could be behind the positive sentiment – the state of the forex and stocks market.

Digital assets have been moving similarly to the stocks. The trend is far from the notion that cryptos have decoupled from the latter. On Tuesday, S&P 500 jumped 0.7% amid fears of a possible global economic recession. Away from stocks, forex investors are speculating on the US dollar index.

The index, which tracks the dollar against global currencies, is up 18% YTD. BTC has been moving inversely to the metric, more often than not. With the index nearing the top, analysts believe BTC could be preparing for a price pump.

Bitcoin surges amid fading momentum

eToro

eToro is one of the world’s leading multi-asset trading platforms offering some of the lowest commission and fee rates in the industry. It’s social copy trading features make it a great choice for those getting started.

Buy BTC with eToro today Disclaimer

Skilling

Skilling is a Scandinavian based cryptocurrency broker which has a desktop website as well as apps for iOS and Android devices. It supports over 50 cryptocurrencies and it has a demo account to allow users to gain familiarity with the platform. Skilling has no hidden fees, it is an officially regulated broker and it supports a wide range of payment methods.

Buy BTC with Skilling today Disclaimer

Source: TradingView

From the daily chart above, bitcoin has been ranging between $18k and $25k since June. Zooming out further, the Stochastic Oscillator is above 80 at the oversold zone. The cryptocurrency is supported by the 20-day MA but faces resistance from the 50-day MA. The next possible resistance is $21,792.

Concluding thoughts

Bitcoin has surged in the daily chart but lacks the strength to maintain the uptrend. Key indicators are currently looking bearish. A price above $21k may welcome a bullish momentum. As it is, Bitcoin may not sustain the pump unless the current sentiment changes.

The post Bitcoin recovers the $20,000 level, but how far can it go? appeared first on CoinJournal.