Cardano skyrocketed to touch its highest price. This is supported by the Cardano Hard fork: Alonzo which will be implemented next month. BTC is also back on the Bullish crypto-list with a bright future that touches the price level of IDR 700 million.
Let’s discuss which crypto assets are bullish and which crypto assets are bearish this week.
5 Bullish Crypto Assets
Returning to the list of crypto assets entering the bullish market, ADA, which is a token from the Cardano project, entered its all-time high price this week which reached Rp 40,990,-
On 12 September 2021 Cardano hard fork will be launched. This hard fork is called by the name of Alonzo.
According to Twitter, Cardano will be holding an annual event, the 2021 Cardano Summit, which will be held on September 25-26, 2021, which could affect the price increase for ADA.
It’s been three weeks in a row that BTC has been on the Bullish crypto asset list. If last week BTC had touched the 680 million mark, this week, BTC managed to rise to the 700 million level.
Bitcoin hit $50,000 last Sunday hitting a more than 3-month high, as the crypto market continues to rebound. Bitcoin hit an all time high above $64,000 (950 million) in April but sold out in June and July, even dropping below $30,000. But since mid-July, bitcoin has continued to rise.
- Bitcoin SV (BSV)
Bitcoin SV is a fraction of the BTC blockchain. It started when Bitcoin had a hard time in 2017 — splitting the network and resulting in the creation of a new altcoin called Bitcoin Cash. A year later, in 2018, Bitcoin Cash ran into its own difficulties, and Bitcoin SV was born.
Bitcoin SV (SV stands for Satoshi Vision) calls itself the real Bitcoin — a cryptocurrency that stays true to the goals of pseudonymous founder Satoshi Nakamoto. BSV’s main goals include providing stability and achieving scalability, something that the native BTC blockchain had a hard time achieving.
- Cosmos (ATOM)
Next, there is ATOM which is a token from Cosmos which is entering a bullish trend.
The origins of Cosmos can be traced back to 2014, when Tendermint, the network’s core contributor, was founded. In 2016, a white paper for Cosmos was published — and a token sale took place the following year. ATOM tokens are obtained through a hybrid proof-of-stake algorithm.
- Polka dots (DOT)
Lastly, there is the DOT which is entering a bullish trend. Polkadot is a blockchain project that has the function to combine several blockchain networks so that the system runs optimally. It is also commonly referred to as a parachain.
Currently, DOT is at #8 on CoinMarketCap with a 24-hour trading volume of $1,872,1111,543 USD.
5 Bearish Crypto Assets
- WNXM
The market signal this time also discusses crypto assets that are experiencing bearishness. First there is WNXM.
Maybe you’ve heard of NXM or Nexus Mutual which is a Cover Smart Contract project that works on the Ethereum platform. Nexus Mutual Membership Rights are represented by tokens. It is also claimed that tokens can be used to purchase coverage as well as participate in claims assessment, risk assessment and governance.
WNXM is here representing a wrapped NXM token which is freely transferable and only Nexus Mutual KYC members can unlock NXM.
- Division Network (DVI)
The crypto asset that entered the next bear market is DVI. Division Network has decreased by 4.83% in the last 24 hours. CoinMarketCap’s current rating is #457, with an immediate market cap of $71,681,744 USD. Has an outstanding supply of 208,096,290 DVI coins and max. supply of 1,000,000,000 DVI coins.
- Aurora (AOA)
Next, there is AOA which is still in the bearish area from two weeks ago, although there is a slight increase in price, the AOA is still in the bearish area. Aurora is a Blockchain project that integrates blockchain into different industries such as finance, e-commerce, gaming and Internet of Things.
Still sluggish, AOA is still on the list of Bearish crypto assets with prices below 30 Rupiah.
- VIDY
Next, there is the Vidy crypto asset which has experienced another decline in price this week. VIDY is down 0.09% in the last 24 hours. CoinMarketCap’s current rating is #718, with an immediate market cap of $23,321,623 USD. It has a circulating supply of 9,888,864,266 VIDY coins and max. supply is not available.
Vidy describes itself as a decentralized ad network. Powered by the Ethereum blockchain, the Vidy ad platform allows advertisers to embed video ads directly into website text to improve user experience, ad conversions, and publisher payments.
- Efforce (WOZX)
Finally, there is the WOZX crypto asset that will experience a decline in price. EFFORCE (WOZX) is the native token of the Efforce energy efficiency platform. Launched in December 2020, the project and token are the brainchild of Steve Wozniak, co-founder of computing giant Apple.
The main goal of Efforce is to democratize the energy efficiency industry, which to this day has had problems with financing and global outreach.
The WOZX token serves as a medium through which energy savings made on the Efforce platform are tokenized for use by any participant.
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.
