Polkadot, EOS, IOTA Price Investigation: 18 June

The cumulative marketplace cap of the cryptocurrency sector was $1.57 trillion at push time, getting fallen by 2.39 percent considering the fact that yesterday. The market’s alts have been falling as well, with the likes of Polkadot, EOS, and IOTA looking at red on the charts. While Polkadot continues to maintain its placement in the major 10, EOS was rated 27th though IOTA was ranked 40th.

Polkadot [DOT]

Supply: DOT/BUSD – Trading See

DOT fell from a recent superior of $26 to $22.34, its price at press time. Its 24-hour buying and selling volume was down by 31.28 percent at $1 billion. Its value dropped by 6.3 percent in just 24 hrs.

The coin has not dipped under the $20-resistance mark because the beginning of this month. Even so, just after climbing to a large of $28.5 on 3 June, the alt’s selling price went sideways and did not cross the lower significant of $26. There may well be a even more dip in the price tag, as evidenced by the findings of the Parabolic SAR.

The Stochastic RSI at the reduce close, down below 20, recommended that the rates may possibly rise, having said that, pursuing a reversal. Eventually, the Chaikin Funds Stream was underneath zero and pointed to significant capital outflows and the chance of a further more drop in value.


Source: EOS/BUSD – Investing Perspective

Even although EOS experienced built a first rate restoration toward the stop of May well, it slumped once more from

Read more
Market Wrap: Bitcoin Outperforms Top Cryptocurrencies in June

Bitcoin traded lower on Wednesday as traders took profits into the June close. The world’s largest cryptocurrency is on track for a record second-quarter price drop of 41%, snapping a four-quarter winning streak that saw prices chart a sixfold rise to almost $65,000 in April. 

The crypto sell-off over the past quarter was triggered by regulatory crackdowns, concerns about tighter monetary policy, environmental issues and a slowdown in institutional demand. Selling stabilized in June, leaving bitcoin in a tight range of between $30,000 and $40,000. 

Bitcoin was trading at around $34,000 at press time and is down about 4% over the past 24 hours.

“Price swings reinforce the idea that volatility is a fundamental part of a nascent and expanding market,” Steve Elrich, CEO of crypto exchange Voyager Digital, wrote in an email to CoinDesk. “Investors are still buying the dip.” 

Latest prices

  • S&P 500: 4300.4, +0.2%
  • Gold: $1769.5, +0.5%
  • 10-year Treasury yield closed at 1.458%, compared with 1.473% on Tuesday

Relative performance in June

Bitcoin outperformed other large market-cap cryptocurrencies in June with a decline of 2.7%, versus declines of more than 30% in XRP, EOS and LINK.

The decline in altcoins stabilized bitcoin’s dominance ratio, or relative market share, at around 45%. There are signs, however, that altcoin demand has risen in recent weeks.

“While bitcoin remains in our top weekly net buys, we are seeing other altcoins gaining popularity in the wake of its dip, including SHIB and ETH which took the top two spots for

Read more
Bitcoin, EOS, and Ethereum Basic Price tag Examination: 2 June

The cryptocurrency current market has been witnessing a steady transform in trends. Though Bitcoin tries to maintain on to its $34k selling price level, other altcoins were being also striving to set up stable ground but not all of them have been effective. Bitcoin’s value was at an significant juncture tendencies in the altcoin marketplaces like EOS and Ethereum Classic may perhaps transform if BTC breaches its amount.

Bitcoin [BTC]

Supply: BTCUSD on TradingView

Bitcoin satisfied with some offering force as its price strike resistance at $37,586. Nonetheless, the electronic asset continued to trade at $37,382 at the time of press. Acquiring stress has also remained outstanding in the market place.

As BTC traded shut to this stage, we can see an raise in getting stress. Relative Energy Index remained in the oversold zone as BTC was trying to get better from the tumble on 19 May. The emergence of enough shopping for pressure pushed it out of this zone and was now going towards equilibrium. Even with a bullish value momentum having condition in the current market, sellers have been continue to dominant.

The premier cryptocurrency may proceed to trade at this level as the trading activity remained superior in this variety.


Resource: EOSUSD on TradingView

EOS’ price has been undergoing a consolidation stage as it held on to a worth earlier mentioned assist at $5.63. At the time of push, it was investing at $6.38, the place buying and selling force was rising. The Noticeable Vary indicator

Read more