Again, let’s take a look at the #1 ranked BTC on CoinMarketCap and ETH, with #2 on the list of bullish crypto assets this week. Not only that, DOT, the owner of rank #9 as well as LTC, ranked #12 is also present to fill the list of bullish crypto assets.
Read more about the factors and analysis of 5 Bullish and Bearish crypto assets this week.
End of August to September 1, 2021, BTC showed a correction from 700 million decline to 673 million. In addition, BTC’s dominance over other assets fell from the range of 44% to 41%, but it did not reduce market interest in Bitcoin. It can be seen from the pace of BTC last weekend that, after breaking the upper limit at 720 million, BTC stabilized its pace to form a three white army candlestick pattern in the 4H timeframe and is now in the position of 737 million.
ETH/IDR is at a critical point and if it stays above the Rp 56,000,000 level, the market could continue to be attracted to the bullish trend for the next month. Gradually if the support level can rise, prove solid and not break at a high speed, there is reason to suspect that ETH could be making a serious move towards price gains.
As the second crypto asset after Bitcoin, Ethereum is the silver of the crypto asset market. Thanks to the Ethereum network that supports DeFi, many Blockchain projects have been photographing the concept of “Smart Contracts”. This utility feature has made Ethereum the second highest value cryptocurrency on the market according to its market cap of US$441.13 billion.
As an open-source crypto asset, Filecoin is a digital roadmap created with the primary purpose of blockchain-based data storage and retrieval. The genesis Filecoin award goes to Protocol Labs and is built on top of the InterPlanetary File System, which facilitates users around the world to rent out unused space on hard drives. The Filecoin network has specially created the FIL crypto asset for traders and investors as well as institutions that enable them to trade on multiple exchanges and benefit them from rising prices.
Filecoin was launched in August 2017 by Protocol Labs and Juan Benet and is very active in raising over $200 million in just 30 minutes of launch.
Like other crypto assets, FIL also relies heavily on historical data, volume and market movements. Experts differ on price estimates regarding the promise Filecoin has in the years to come. Therefore the rate of change in the price Filecoin makes is very unpredictable. However, it cannot be completely ruled out that FIL can show consistent growth over time and it will be profitable to buy Filecoin in the long run.
Litecoin’s price has recently risen to its highest level since mid-May. LTC itself, was originally created as a hard fork of BTC. However, now, LTC has managed to become one of the most popular coins and is ranked #12 on Coinmarketcap at the moment.
Litecoin’s Fundamental Network has also improved over the past few months. Additionally, the number of transactions per second, active addresses and new addresses have all increased over the past few months, according to figures from Glassnode.
Also Read: Litecoin
Lastly, there is the DOT which is entering a bullish trend. Polkadot is a recently launched cryptocurrency that is gaining popularity quickly. Polkadot was created with the aim of using a “proof of ownership” network lever system that is touted as a better system than the “proof of work” that Bitcoin and Ethereum use. Polkadot can process many master transactions. This network flexibility allows it to be used for smart contracts, file storage chains, and IoT chains to enable device-to-device communication.
The market signal this time also discusses crypto assets that are experiencing Bearish. First there is AIOZ. AIOZ is a locally powered video sharing platform to reward audiences and content creators with high quality content. According to CMC, the price of AIOZ is down 5.29% in the last 24 hours. This project has an outstanding supply of 103,172,841 AIOZ coins and max. supply 1,000,000,000 AIOZ coins.
Watch Also: Ask Me Anything with AIOZ
Furthermore, Aurora (AOA) is predicted to continue to fall for the next week. there hasn’t been any increase and the demand has actually decreased which has caused the market to become saturated and the price to drop.
Aurora Chain (AOA) is on a mission to create a bright blockchain world with fast-paced contracts that develop easy applications on the blockchain.
Second, there is a crypto asset belonging to the nation’s children, namely HART. This project starting in agriculture and food and progressing towards overall sustainability for the world’s most socially impactful sectors. Overall, this global and transparent data exchange platform will improve the welfare of agricultural workers and provide a driver of tremendous economic growth and expansion into other sectors, especially in developing countries where agriculture plays an important role for the economic development of the country.
Next up, there is the IGNIS crypto asset, which has just recently made its way to the Bearish crypto asset list. According to CoinGecko, HEDGE has a total supply of 1 Billion HEDG.
HedgeTrade itself is a decentralized prediction market that focuses on a wide variety of financial assets. Trading predictions can then be purchased using HEDG tokens for users to imitate and learn from. True trading predictions provide predictors of trading with HEDG tokens which are initially put forward by the people who bought those predictions initially through the market. Incorrect trading predictions see the HEDG tokens used to purchase those predictions returned to the original buyers.
Lastly, OCTO which is likely to decline this week. Octo.Fi gives you cash back when you transact with trusted DeFi and NFT marketplaces, across multiple blockchains, via the dApp or its all-in-one wallet, OCTO.
OCTO has a circulating supply of 797,623 OCTO coins and max. supply is not available.
NOTE: If the 5 EMA crosses the WMA 75, 85 and 200 EMA lines and the lines intersect from the bottom up, then the market trend tends to go up (bullish),
in each table above shows if, the value of EMA 5 is higher than WMA 75.85 and EMA 200 then the market tends to go up (bullish).
If the RSI and MACD values ??show the same condition, it means the market is showing the same trend, overbought (overbought) or oversold (oversold) conditions are an indicator that the market is already at the point of changing the direction of the trend.
ATTENTION: All content which includes text, analysis, predictions, images in the form of graphics and charts, as well as news published on this website, is only used as trading information, and is not a recommendation or suggestion to take an action in a transaction, either buying or selling. certain crypto assets. All crypto asset trading decisions are independent decisions by the user. Therefore, all risks arising from it, both profit and loss, are not the responsibility of Indodax.