I was reading through some old blog posts of mine and stumbled across the old blog post “2018 Cryptocurrency Price Analysis: YTD (2021)” in which I was discussing price predictions for some of the top altcoins 25 months into the future. I figured it was time to update the information and since I was curious to see how I did 25 months ago, I decided to compare my price predictions today to how the prices of cryptos performed the day of writing.
The following is a brief explanation of how to read the price analysis chart that will be published on Tokenhub every week. The most important thing to note is to ignore common sense. We are not financial advisors. We are not telling you to buy or sell. We are not telling you to keep or sell. We are not predicting the future. We are not telling you that the price will go up or down. We are telling you that what we think is interesting is at the moment.
Bitcoin is up 2.19% in the last 24 hours and up 19.26% in the last 7 days. 3 months ago, the price of BTC was $4,664.73. Today, it is $6,347.82.. Read more about bitcoin news and let us know what you think.
THE VALUE OF ALTCOINS CONTINUES TO INCREASE.
Altcoins continued to grind upward last week after a short setback. Prices have broken back above their 200-day moving averages, indicating bullish trend reversals, and trends have been mended to a large extent. Some cryptocurrencies, including as SOL, LUNA, ADA, PERP, and AXS, have already reached new all-time highs (ATH).
Bitcoin (BTC) has just broken back over $50,000, a psychologically significant milestone that sets a positive tone for the remainder of the crypto market.
On a Short- or Medium-Term basis, the number of coins in an Uptrend outnumbers coins in a Downtrend, according to our Signals Summary page:
What is the best way to get involved? Is it too late to participate? While the market has made significant gains since the market bottomed in July, there may still be a lot more gas remaining in the tank. The bulls have taken control now that the weak hands have been steamrolled.
Finding cryptocurrencies on a strong upswing and buying the dips is one method to get involved (pullbacks). Alternatively, seize the momentum as resistance breaks. Trends have an inertia that lasts for a long time. To reduce risk, keep your transactions modest and diversify your portfolio over hundreds of trades (coins). In our knowledge base, you may learn more about these methods (strategies 2 and 5).
On our site, go to the “Performance” page to view the top 50 cryptocurrencies by market cap (see charts below). Technical analysis of the top 30 cryptocurrencies may be found in our curated charts.
Decentralized Finance (DeFi) — Total Value Locked (TVL) increased 3% week over week to $80 billion, and is up 366 percent year to far. TVL is currently just 9% behind its all-time high of $87.5 billion set in May.
DeFi cryptocurrency prices also continued to recover (see below). Total DeFi category market cap increased last week by +12% and is up +510% YTD (i.e. ~ 6.1x). DeFI market cap is now just 13% below its ATH level of $150B reached in May.
altFINS.com is the source for this information.
For new trading ideas, check out our unique automatic chart pattern detection. It’s also a good idea to review coins on an uptrend but with a retreat during market dips. This and other pre-defined criteria are available in our Signals Summary.
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Disclaimer: This content is provided for educational purposes only; it should not be construed as investing, financial, or other professional advice. Investing in cryptocurrency comes with a number of dangers. It’s conceivable that you’ll lose your money.
As we have written in our What is Cryptocurrency article, cryptocurrency price analysis is, at its core, about understanding what factors are driving the price of a cryptocurrency up or down. We will look at the factors behind the price of Ether and BTC over the past week, and the factors driving prices for the near and long-term future.. Read more about ethereum price usd and let us know what you think.
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