Bitcoin’s price is currently $56225 based on data from CoinMarketCap. The price is rangebound yet again below $60000 and this has increased trade activity in the altcoin market, with altcoins that were less popular before Q1 of 2021 saw a boost in interest. Band Protocol, based on the latest price data from Santiment is up 13% against Bitcoin’s price in the past 24 hours, and the trade volume is growing consistently. The 24-hour trade volume is up 183% and this is unlike most other altcoins currently.

The quantity of BAND held by whales (HODLing more than $1.4 Million) since early February 2021 has increased consistently. The current increased activity is considered to be the whale’s inverse reflection against HODLers in the mid-tier, and this has impacted the HODLing pattern and distribution of BAND.

Based on the above chart, the mid-tier holdings are dropping consistently, and BAND whales are buying, with the coin’s concentration by large HODLers hitting a record 97%. Another effective metric for tracking the price trends of altcoins like ENJ, MANA, STORJ, and MATIC is the deposits vs. non-deposit activity model. Based on data from Santiment, currently, most altcoins have an increasing ratio of non-deposits vs. deposits. Many altcoins, not for the same reasons, are surging against Bitcoin.

There has been an unanticipated increase in volume, with three-digit and two-digit gains the past week and the past 24 hours. This is an alt rally, as the charts suggest, however, altcoins that didn’t register growth in Q4 of 2020, have witnessed it in 2021. It is worth keeping an eye on ENJ, MANA, STORJ, and MATIC based on the following chart.

Based on the above chart, the 7 days vs the 90 days active deposit ratio has increased by over 50% for nearly all altcoins on the chart, and over 100% for a handful. This suggests that there is a peak in interest and investment inflow from both institutional traders and retail.

Investments are directed towards altcoins with low market capitalization, without concerns for liquidity and volatility, thus boosting trade volume on spot exchanges. It is critical to take note of changing trader activity as this could be the precursor to a bigger shift in trend, moving on from Bitcoin and range-bound price action to portfolio-focused double-digit growth. Since the launch of Grayscale’s altcoin funds, there is increased interest and traders are anticipating that most of the altcoins that emerged this quarter may soon see leverage trading on spot exchanges, further boosting the trend and conforming to the extended altcoin rally this season.

Bitcoin Cash, Waves, Dogecoin Price Analysis: 29 March

Ethereum Price Analysis: 29 March

Ekta is a full-time journalist at AMBCrypto and her specialization lies in spot markets. Currently pursuing her MBA, she is passionate about trading, fintech, and everything decentralized.

Why this week is crucial for THETA

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FIL, HOT, RUNE, VGX, CAKE, MANA, SUSHI, AR: which of these alts offer double digit returns

What to expect with UNISWAP’s price by the end of the weekend

Order books for three lesser-known tokens, Ankr, Curve DAO (CRV) and Storj will open on Coinbase Pro this Thursday.

Inbound transfers for the three tokens are open now, with trading to commence at 9 AM Pacific Time (PT) on March 25, if liquidity conditions are met, Coinbase said in a blog post and on Twitter.

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As usual, the new listings will start with post-only mode and will proceed to full trading when the metrics for the healthy market are met. Coinbase will post tweets announcing the stages separately, but it may keep the book in one state for a longer period or suspend trading.

The US popular exchange points out that the new coins will be accessible for users in most jurisdictions, but will not initially be available for residents of the state of New York.

NewsCrypto Launches AI Prediction Tool to Help Traders Gauge Market SentimentGo to article >>

Once the platform has received enough supply of each token, order books will open for ANKR, CRV and STORJ which are established on the platform, trading on ANKR-USD, ANKR-BTC, ANKR-EUR, ANKR-GBP, CRV-USD, CRV-BTC, CRV-EUR, CRV-GBP, STORJ-USD and STORJ-BTC, assuming liquidity is sufficient.

Each of the newly-listed tokens has garnered a lot of attention recently.

Storj is an open-source cloud storage platform that uses a decentralized network of nodes to host and secure user data using advanced encryption. Launched in 2014, the token was first introduced as the crypto version of Dropbox by creating an open market for participants to sell their available disk space.

The second listed assets, Ankr, is a similar concept that utilizes shared resources in order to provide affordable blockchain node hosting solutions.

Finally, Curve is the native DeFi token of a stablecoin exchange that uses an automated market maker (AMM) to manage liquidity. While many tokens waited years for a Coinbase listing, Curve has had its token added to the exchange’s Pro trading platform just a few months after launching.

US crypto trade Coinbase stated it could checklist three altcoins, Curve, Ankr, and Storj, yesterday in a transfer that despatched the trio’s costs surging skyward. The trade seldom provides new cryptocurrencies to its checklist of choices and is understood for its strict compliance and regulatory stance.

“ANKR, CRV & STORJ are actually dwell on Coinbase.com and within the Coinbase iOS and Android apps. Coinbase clients can log in now to purchase, promote, convert, ship, obtain or retailer ANKR, CRV & STORJ,” it stated in a tweet.

— Coinbase (@coinbase) March 25, 2021

The three listings are vastly totally different by way of their features, goal market, and total use instances. As such, the Curve DAO token (CRV) launched in 2020, Ankr (ANKR) launched in 2018, and Storj launched in 2017 (it raised $30 million in an ICO).

Ankr makes accessing the ‘Net 3.0’ less complicated, providing distributed, multi-cloud blockchain infrastructure for one-click node deployment and administration. As an infrastructure platform and market, the undertaking goals to permit customers a simple method to blockchain networks and DeFi functions.

Deploying blockchain nodes is hard for brand spanking new customers or customers who don’t code, and there’s the place the Ankr node market is available in. It permits customers to deploy blockchain nodes by way of a one-click API resolution for public blockchains and DeFi protocols.

ANKR , its token, helps to facilitate funds on the platform and meter a community of worldwide distributed sources together with serving as an incentive for node suppliers.

Get able to discover the cross-chain staking with us!

Learn all about it: https://t.co/vzJjrHfuCV#StakeFi #Ankr #DeFi https://t.co/jZo0AY0oas pic.twitter.com/4kt2y3Sm6V

— Ankr (@ankr) March 19, 2021

Storj, pronounced as “storage,” is an open-source cloud storage platform that makes use of a decentralized community of nodes to host person knowledge. Anybody and everybody can promote their additional arduous drive area to different customers by way of the protocol.

The undertaking is owned and developed by Storj Labs Inc, which was based in 2014. The agency pre-mined its total provide of tokens at inception, that means no new tokens might be created by way of STORJ mining.

— Storj Labs (@storjproject) March 1, 2021

Curve is a decentralized trade that enables customers to swap stablecoins and different property with the similar worth . That is to assist customers simply change between ‘wrapped’ tokens (or ‘staked’ property) to permit for a seamless DeFi expertise.

CRV is a governance token that has carried out a time-based staking system. CRV holders can vest their tokens for ‘veCRV’—the protocol’s inner token that enables customers to assert money flows and participate in governance selections.

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Storj (CURRENCY:STORJ) traded 0.6% lower against the U.S. dollar during the one day period ending at 19:00 PM ET on December 31st. Storj has a market cap of $62.59 million and approximately $10.37 million worth of Storj was traded on exchanges in the last 24 hours. One Storj token can now be purchased for approximately $0.29 or 0.00001000 BTC on major exchanges. During the last seven days, Storj has traded down 5.3% against the U.S. dollar.

Here’s how similar cryptocurrencies have performed during the last 24 hours:

About Storj

Buying and Selling Storj

Storj can be traded on the following cryptocurrency exchanges:. It is usually not presently possible to buy alternative cryptocurrencies such as Storj directly using US dollars. Investors seeking to acquire Storj should first buy Bitcoin or Ethereum using an exchange that deals in US dollars such as Changelly, Coinbase or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to buy Storj using one of the aforementioned exchanges.

Best place to purchase STORJ at true cost with zero fees and markups

Storj (STORJ) is listed on the Crypto.com App today, 4 September 2020. STORJ joins a growing list of 70+ cryptocurrencies and stablecoins on our App, such as Bitcoin (BTC), Ether (ETH), XRP, Cardano (ADA), Chainlink (LINK), VeChain (VET), USD Coin (USDC), as well as Crypto.com Coin (CRO). In addition, deposits and withdrawals of STORJ are enabled on the Crypto.com App. The Storj Network (STORJ) aims to provide secure, affordable distributed cloud storage that gives data ownership back to the user. The distributed architecture and end-to-end encryption on every file protects against attacks, improves reliability, increases download/upload speeds, and enhances performance when compared to centralized cloud storage options. The STORJ token enables the coordination between different parties within the network to transfer value at scale, in a way that aligns with the goals of the wider network, including immutability, security, and third-party verifiability. With STORJ added to the Crypto.com App, users can now purchase it at true cost with no fees - credit card and bank transfer both supported. As Crypto.com also offers a Visa Card, this adds additional utility to STORJ as users can easily convert cryptocurrencies into fiat currencies and spend at over 60m merchants globally. Note: - STORJ is not available for residents of the United States.

Thanks to the blockchain technology, launched by an anonymous hacker known under name Satoshi Nakamoto, services with third parties like Dropbox are slowly outdated. Storj is one of such platforms like Ethereum promotes decentralized cloud storage that can be used more efficiently than third-party operated cloud storage platform and where you can earn through paying for storage space. So, in this story, we want to hear more about Storj, its merging with Ethereum and where is Storj at now. Storj is a decentralized cloud storage that uses blockchain technology for processing transactions that are completely safe, secure and done without third parties interfering. These platforms are also using blockchain technology for storing data, programming apps and use smart contracts for selling goods or anything of value, including services, shares, real estate and bonds. Storj is making small steps towards creating a massive multipurpose decentralized platform that would be able to operate just like big platforms. So instead of building it right away using vast resources, Storj is working on creating small pieces hosted on their platform with each piece presenting a prototype with work in progress that could be used and operated. That is how one of these parts is a drag-and-drop application based on blockchain technology called Metadisk where you can easily store and access your files. The advantage of creating small pieces of a platform in form of prototypes lies in the fact that later on it can quickly be decided which piece is there to stay and which can be replaced with a more useful and more functional application. At the current moment, Storj is keeping the 126th place on the global coin ranking list with the most recent increase of price for 20.55%, which lead to an initial increase of value, leaving the total of 1.31$ per one Storj unit. It can be easily concluded based on how well is Storj ranked, as well as take its current price and the recent increases, that Storj is representing one of the promising currencies hosted on 2.0 blockchain platforms. Storj and similar platforms based on blockchain technology also represent a major threat to the current market of cloud storage like Dropbox and Google Cloud Storage, as you pay for only what you use, unlike Dropbox that charges for space you can’t possibly use in full potential. As of March 2017, Storj has announced its merging with Ethereum, which means that tokens that belong to Storj are now available for exchange on Ethereum and Shape Shift. Shape Shift is a decentralized digital market that changes the original way of exchanging tokens. Instead of buying your tokens with first buying ETH and BTC, you can immediately swap your coins for any of supported coins listed on Shape Shift. Before joining Shape Shift and merging with Ethereum, Storj’s coins were listed as SJCX, while of the moment of margining, these coins are now known as STORJ and STORJ ERC20 tokens. The reason behind the merging of Storj with Ethereum lies in the great opportunity Storj developers saw in Ethereum. They thought of having Storj linked to Ethereum because they saw an amazing opportunity in joining a bigger network – “if you are building a train, you want that train on tracks built as a part of a large network” as stated by Storj officials. It seems like their move is paying off, mostly because they are making their coin going closer to the mainstream waters in the world of mainstream digital coins, which is always a great strategy – push your coins in the market of other large coins and see what happens. Also, thanks to being a cheap way of storing any digital information and content, many people are switching from using “old-fashion” third-party cloud storages that cost a lot of money. By changing the old ways of having their data stored on a decentralized platform, that enables them to gain access to prototype pieces of blockchain as well as facilitating secure transactions. Now that you can swap any of the supported coins directly for STORJ on Shape Shifter or Ethereum, it is even easier to get a hold of this interesting coin. With the merging of Ethereum and Storj, Storj users are also able to use smart contracts as well as purchase any of available apps (Dapps), products and services, now being a part of a more extensive network that is Ethereum. With the most recent increase in the last 24 hours, Storj rebounded 29.44%, making the total price of Storj 1.31$ per one unit. That means that the total market cap of this coin is over 176 million dollars with 133 million coins in use and circulation. As things are going at the current moment, Storj holders and investors seem to be on the right track with placing their investments in this fast-growing digital currency. We will be updating our subscribers as soon as we know more. For the latest on STORJ, sign up below! Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency. Global Coin Report is a news service focused on serving the Cryptocurrency trading community. Our goal is to provide the Cryptocurrency trading community with news and alerts concerning the fast-growing Initial Coin Offering (ICO) market.

HomeCryptocurrenciesCrypto Contest February 17: Storj by Markus AarnioFebruary 17, 2019February 17, 2019065 Storj (Bittrex: STORJUSD) has broken out of the triangle pattern in the weekly chart. In Elliott Wave terms, Storj began a wave one advance in July 2017. The red wave one (blue sub-waves i-ii-iii-iv-v) finished in December 2017, and the red wave two (blue sub-waves a-b-c) correction ended in December 2018. If this wave count is correct, Storj should be heading next towards the December 2017 peak in the red wave three. Storj aims to become a cloud storage platform that can’t be censored or monitored, or have downtime. Crypto Beadles interviewed the CTO earlier this month. If you think this analysis is correct, upvote this post (min $0.01) and upvote the comment (min $0.01) “Storj will takeout the April 2018 peak”. If you think this analysis is wrong, upvote this post (min $0.01) and upvote the comment (min $0.01) “Storj will drop below the December 2018 low”. If you think Storj is in a range, upvote this post (min $0.01) and upvote the comment (min $0.01) “Storj will stay in a trading range between the December 2018 low and the April 2018 peak until March 24”. You can upvote the comment until 3 PM EST February 20 and you can upvote only one comment. 50% of liquid STEEM + SBD from this post will be distributed equally to the winners. The winners will be determined by the price action (which one happens first). I will be sending one Trophy Token (@trophy-token) or one Steem Monsters (@steemmonsters) card to everyone who manages to get these crypto contests right seven times in a row. If/when you accomplish this, please contact me at Steemit Chat with your BitShares address. Upvote the right comment and the main post with at least $0.10 and you will get 3 x the winning prize. I have 20 years of investing experience. I have traded stocks, commodities, cryptocurrencies, and forex markets. Related postsTwo Minute Crypto – On Expertisecryptos-decryptedJanuary 30, 2019February 12, 2019Bitcoin Technical Analysis: BULLS STRUGGLE… IS A LARGER MOVE COMING?WorkinFebruary 2, 2019February 12, 2019LITECOIN: How far from the “Golden Cross”Too Fast EddieFebruary 17, 2019February 17, 2019 Leave a Comment Cancel ReplyYou must be logged in to post a comment.

The nonprofit foundation behind the privacy-driven messaging app Signal is officially joining the cryptocurrency venture. In this case, the Signal Foundation announced it has started accepting crypto donations.

According to an announcement via Twitter, the organization encouraged people to arrange donations via cryptocurrencies, but it’s not limited to bitcoin (BTC) or ethereum (ETH).

Per their landing page, the foundation also supports litecoin (LTC), chainlink (LINK), zcash (ZEC), amp (AMP), Basic Attention Token (BAT), dai (DAI), gemini dollar (GUSD), storj (STORJ), and 0x (ZRX).

The addition of privacy coins comes in response to a number of social media users asking Signal to add such cryptos to “comply” with their privacy-driven philosophy.

A tweet from Signal reads:

As a nonprofit organization, we depend on your support. If you’ve been patiently waiting for Signal to accept cryptocurrency donations, you no longer need to hodl back your generosity.

Regarding the crypto payment processor used, the Signal Foundation stated it will handle all payments via The Giving Block, a company specialized in processing crypto donations for nonprofit organizations.

Moreover, the team behind the Signal app pointed out that those who want to claim U.S. tax deduction can optionally “provide an email address to receive a tax receipt.”

The foundation further clarified that The Giving Block supports anonymous donations.

Signal, created in 2018 by Moxie Marlinspike and Brian Acton, is a well-known privacy messaging app with more than strong encryption features.

In fact, the app has received mainstream endorsement globally from crypto-friendly personalities, such as American whistleblower Edward Snowden, Twitter co-founder Jack Dorsey, and Tesla Technoking Elon Musk, who recently encouraged his Twitter followers to start using it.

Recently, due to the controversy sparked by Whatsapp changing its terms and conditions, Signal’s user base skyrocketed in a matter of hours.

What do you think about Signal accepting crypto donations? Let us know in the comments section below.

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The nonprofit foundation behind the privacy-driven messaging app Signal is officially joining the cryptocurrency venture. In this case, the Signal Foundation announced it has started accepting crypto donations.

According to an announcement via Twitter, the organization encouraged people to arrange donations via cryptocurrencies, but it’s not limited to bitcoin (BTC) or ethereum (ETH).

Per their landing page, the foundation also supports litecoin (LTC), chainlink (LINK), zcash (ZEC), amp (AMP), Basic Attention Token (BAT), dai (DAI), gemini dollar (GUSD), storj (STORJ), and 0x (ZRX).

The addition of privacy coins comes in response to a number of social media users asking Signal to add such cryptos to “comply” with their privacy-driven philosophy.

A tweet from Signal reads:

As a nonprofit organization, we depend on your support. If you’ve been patiently waiting for Signal to accept cryptocurrency donations, you no longer need to hodl back your generosity.

Regarding the crypto payment processor used, the Signal Foundation stated it will handle all payments via The Giving Block, a company specialized in processing crypto donations for nonprofit organizations.

Moreover, the team behind the Signal app pointed out that those who want to claim U.S. tax deduction can optionally “provide an email address to receive a tax receipt.”

The foundation further clarified that The Giving Block supports anonymous donations.

Signal, created in 2018 by Moxie Marlinspike and Brian Acton, is a well-known privacy messaging app with more than strong encryption features.

In fact, the app has received mainstream endorsement globally from crypto-friendly personalities, such as American whistleblower Edward Snowden, Twitter co-founder Jack Dorsey, and Tesla Technoking Elon Musk, who recently encouraged his Twitter followers to start using it.

Recently, due to the controversy sparked by Whatsapp changing its terms and conditions, Signal’s user base skyrocketed in a matter of hours.

What do you think about Signal accepting crypto donations? Let us know in the comments section below.

Here is our weekly collection of digital asset listing and delisting, trading pair-related announcements by crypto exchanges that we found last week and today.

Have we missed something? Do you have information about new listings and/or delistings? Let us know Listings: PancakeSwap (CAKE) Chiliz (CHZ)

Bibox Listings: Cercle Stock Service (CSS)

Bilaxy Listings: Brosispay (BSPAY) A2DAO Token (ATD) Aurox Token (URUS) FM Gallery (FMG) Dark Matter Token (DMT) K21 (K21) Cash Tech (CATE) XEND (XEND) ImpulseVen (VEN) IG Gold (IGG) Meliora (MORA) Convergence (CONV) ethbox Token (EBOX) Futureswap Token (FST) SwapDEX (SDX) XBE (XBE) Yield Protocol (YIELD) Tapcoin (TTT) Blind Boxes Token (BLES) Dorayaki (DORA) UNCL (UNCL) Shyft [ Byfrost ] (SHFT) Savix (SVX) MerchDAO (MRCH) Tapmydata (TAP) Dew Network (DEW) Tidal Token (TIDAL) Shield Protocol (SHIELD) (BEP20) Added Trading Pairs: EMTRG/ETH

Binance Listings: RAMP (RAMP) SuperFarm (SUPER) Conflux Network (CFX)

Bitfinex Listings: Celsius Network (CEL) SUKU (SUKU)

Bithumb Listings: Aergo (AERGO) Maker (MKR)

Bitrue Listings: PAC Protocol (PAC) Added Trading Pairs: MONA/XRP

Bittrex Listings: Lisk (LSK) Waves (WAVES) GAME CREDITS (GAME)

BKEX Listings: Xend Finance (XEND) UniCrypt (UNCX) DryCakeSwap (DRYCAKE) Shabu Shabu Finance (KOBE) NEM (XYM) Bridge Oracle (BRG)

Coinbase Listings: Ankr (ANKR) Curve DAO Token (CRV) Storj (STORJ)

CoinEx Listings: Taraxa Project (TARA) The Sandbox (SAND) FinNexus (FNX) Livepeer (LPT)

Coinsbit Listings: Anime Token (ANI) Everus World (EVR) SPORE (SPORE) The Burency Exchange (BUY)

Crex 24 Listings: Foxdcoin (FOXD) UltraClear (UCR) Dash Diamond (DASHD) GastroCoin (GTC)

Crypto.com Listings: 1inch.exchange (1INCH) Added Trading Pairs: ALGO/USDC DAI/USDC HOT/USDC RLC/USDC OGN/USDC FIL/BTC

DigiFinex Listings: Dentacoin (DCN)

FINEXBOX Listings: DeFini (DFNI) Infinium (INF) Niobio (NBR) SmileToken (SMILE)

FTX Listings: The Sandbox (SAND) Crypto.com Coin (CRO) Dent (DENT) Pundi X (NPXS)

Gate.io Listings: ARCx (ARCX) Taraxa Project (TARA) DecentralGames (DG) Playcent (PCNT) Shopping.io (SPI) Stater (STR) Float Protocol (BANK) DENT (DENT) Terra Money (UST) GoChain (GO) Ecomi (OMI) a2dao (ATD) ShareRing (SHR) UniMex (UMX) Convergence Finance (CONV) Tidal Finance (TIDAL) KANON (K21) LABS Group (LABS) Origin Protocol (OGN) Essentia (ESS) Blindboxes (BLES) Polymath (POLY) Oddz Finance (ODDZ)

HitBTC Listings: Chromia (CHR) Audius (AUDIO) SaTT (SATT)

Hotbit Listings: Apestrong.finance (APE) Dora Factory (DORA) xDeFi (XDEX) keyTango (TANGO) Alchemix (ALCX) xToken (XTK) PolkaFoundry (PKF) Yield Protocol (YIELD) Ellipsis Finance (EPS) Klever (KLV) Bitcoin Dex on Heco (BXH) FM Gallery (FMG) RenderToken (RNDR) Tidal Finance (TIDAL) GraphLinq (GLQ) Stone (STN) PICA PROJECT (PICA) Hyper Credit Network (HPAY) MerchDAO (MRCH) SFMONEY (SFM) Kindcow Finance (KIND) Cabinz Finance (PLZ) Shyft Network (SHFT) GamyFi (GFX)

Huobi Listings: Stone (STN) Render Token (RNDR)

KuCoin Listings: Taraxa Project (TARA) UniLayer (LAYER) DeFi Yield Protocol (DYP) ChainX (PCX) BitMax Token (BTMX) Orbs (ORBS)

LBank Listings: Dora Factory (DORA) Float Protocol (BANK) Terra (LUNA) Mirror Protocol (MIR) Anchor Protocol (ANC) Shyft Network (SHFT)

MXC Listings: Float Protocol (BANK) Telos (TLOS) Lead Wallet (LEAD) Xend Finance (XEND) HAPI (HAPI) Dora Factory (DORA) FM Gallery (FMG) APYSwap (APYS) SuperFarm (SUPER) Convergence Finance (CONV) Tidal Finance (TIDAL) Terra Money (UST) KANON (K21) Render Token (RNDR) Juggernaut (JGN) Blindboxes (BLES)

OKEx Listings: Dora Factory (DORA) Convergence Finance (CONV) Skale Network (SKL) Celer (CELR) Matic Network (MATIC)

P2PB2B Listings: Clever Defi (CLVA) Tanzanite Coin (TZT) Product Protocol (PPO) MoneYearn.Finance (KYFI) Justdobet (JDB) Carnomaly (CARR)

SynchroBit Listings: IOTEX (IOTX)

VinDax Listings: Lukutex Token (LKT) DCTDAO (DCTD) SwapMatic Token (SWAM) Zoomcoin (ZOOM) Elya Coin (ELYA) DHD Coin (DHD) Kiwi Defi (KWD) Zolan (ZOL)

WazirX Listings: 1inch.exchange (1INCH) Added Trading Pairs: ZIL/INR

XT Listings: HollyGold (HGOLD) Whirl Finance (WHIR) Worldcoin (WDC) BITCI (BITCI)

ZB.COM Listings: Dorayaki (DORA) Curve (CRV) Ankr (ANKR) Storj (STORJ) Kusama (KSM) Enjin (ENJ)

ZBG Listings: Russell Coin (RC) Dora Factory (DORA) Math Chain (MATH)

Source

Bitcoin Cash dropped sharply beneath $514 but recovered to climb back above the $500 mark, while Dogecoin bounced off $0.0495 and tried weakly to climb past $0.0541. Waves bulls were attempting to breach the $12.4 resistance level.

The ascending triangle’s failed breakout saw BCH stagnate above the $514 mark, and the past week saw a sharp descent as low as $445 for BCH before bouncing to trade at $508 at the time of writing.

However, the OBV did not see a significant spike in either direction. The late-February levels on the OBV are yet to be breached as buyers and sellers have been in equilibrium in terms of trading volume since then, although buyers appeared to have a slight advantage in recent days.

The Awesome Oscillator reflected the price action by showing a lack of momentum as it faintly crossed above the zero line.

The ascending trendline of the past week represents dynamic support for WAVES- the price found steady resistance at the $12.45 level and the ascending trendline, if retested, would form an ascending triangle pattern and could see a breakout to the upside.

The RSI showed a value of 54, and the Stochastic RSI was recovering from oversold territory.

Flipping the $12.3 would be an opportunity to open a long position targeting $14.2, while the 61.8% and 50% retracement levels are horizontal supports.

Dogecoin briefly climbed above the $0.054 level but gradually receded back beneath it. On the MACD indicator, the MACD and signal lines were one atop each other on the zero line, showing an absence of momentum. Trading volume was also below average in recent sessions.

The Chaikin Money Flow climbed above +0.05, showing net capital flow into the market to denote buyers were stronger. Trading sessions with above-average volume alongside rising bullish momentum can be used to buy, following the $0.0541 flip to support.

Chainlink Price Analysis: 29 March

Why there’s a surge in interest for BAND, MATIC, ENJ, MANA, and STORJ

Having studied Chemical Engineering, Akashnath's focus is on the UK and Indian markets and especially crypto assets. He is devoted to technical analysis and is always on the lookout for investment opportunities.

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Coinbase, one of the largest cryptocurrency exchanges in the world, saw massive Bitcoin outflows yesterday. Nearly $1 billion worth of BTC has left the digital exchange in the last 24 hours.

According to the data published by the blockchain analytics platform, cryptoquant.com, nearly 14,600 Bitcoin left Coinbase in a single day. BTC’s supply at leading digital exchanges has reached its lowest level in more than 2 years.

Looking Forward to Meeting You at iFX EXPO Dubai May 2021 – Making It Happen!

Whale Alert, a blockchain tracking and crypto analytics platform, reported a transaction of 4,001 Bitcoin from Coinbase to a cryptocurrency wallet. The total value of the transfer stands at around $216 million. Bitcoin whales are moving the world’s largest cryptocurrency in massive amounts from digital exchanges to anonymous wallets and cold storage to create a supply shortage.

How are Different Technologies Impacting the Lives of Traders & Brokers?Go to article >>

Bitcoin touched an all-time high of $61,000 earlier this month. As of writing, BTC is trading near $54,000 with a total market cap of $1.09 trillion. BTC is up by more than 80% since the start of 2021. The market dominance of the world’s largest cryptocurrency has reached its lowest level in nearly 3 months amid a surge in Ethereum and other digital assets.

Finance Magnates reported earlier this week about the accumulation of Bitcoin by BTC whales. Glassnode mentioned that only 36% of the BTC supply has moved in the last 6 months, compared to the movement of 50% of the BTC’s supply during the previous tops. The latest outflows of the digital currency from Coinbase show that Bitcoin whales are moving their cryptocurrency assets to cold storage instead of selling. Coinbase is a dominant name in the crypto market. The custody service of Coinbase accounted for nearly 11% of all cryptocurrency assets in 2020. A crypto whale moved nearly 220 million XRP from Coinbase to a digital wallet in February 2021.

The US-based exchange announced yesterday that the company has allowed inbound transfers for ANKR, CRV and STORJ, and trading of the digital assets will start on 25 March.

Following another dip to $54,000, bitcoin has bounced off and has added over $2,000 of value. Some altcoins have registered even more impressive gains in the past 24 hours, led by Binance Coin’s 9% surge to $275.

After the mid-week price slump when it dropped from over $57,000 to a three-week low of just above $50,000, bitcoin has been gradually increasing in value.

Even the fears that the record $6 billion worth of options contracts that expired on Friday would insert enhanced volatility that could plummet the price didn’t shake the first-ever cryptocurrency.

Just the opposite, BTC continued on its way up, which led to overcoming $55,000 as reported yesterday. However, the bears were looming and put some pressure that resulted in dipping to $54,000 once more.

That was short-lived, though, as the primary cryptocurrency has bounced off since then. In the following hours, bitcoin jumped to an intraday high of $56,500. It has retraced with a few hundred dollars now but still stands above $56,000.

Interestingly, Santiment data shows that the general weighted social sentiment still indicates that bitcoin and ether are in bearish territory. However, the analytics company said that prices typically “move opposite to crowd expectations,” which could imply upcoming price increases for the two largest digital assets.

Although the community might be expecting some short-term price drops for Ethereum, as mentioned above, the cryptocurrency has actually increased slightly since yesterday. As a result, ETH has jumped back above $1,700. A few days ago, the asset dropped to roughly $1,550.

Litecoin (1%) and THETA (5%) are also up from the top ten to $185 and $13, respectively. Binance Coin is the most impressive performer from the larger-cap altcoins with a 9% surge. Consequently, BNB has increased to $275 after dropping to $225 on Thursday.

Cardano (ADA), Polkadot (DOT), Ripple (XRP), and Uniswap (UNI) have remained essentially stagnant on a 24-hour scale.

More fluctuations are evident from lower- and mid-cap altcoins, as expected. HedgeTrade has entered the top 100 coins by market cap after a 50% jump in a day to $2.1.

Storj follows with a 48% increase since yesterday and a whopping 270% surge in a week.

Ankr (39%), Helium (25%), PancakeSwap (22%), ICON (21%), Ontology (14%), Solana (12%), and Curve DAO Token (11%) are next.

Ultimately, the cumulative market capitalization of all cryptocurrency assets has added $60 billion in a day to $1.770 trillion. This also means that the metric is up by $170 billion in four days.

Source

Ranking in the top 10 cryptocurrencies, UNI was trading at $28.46; the price of this alt has been up 9% in the past 24 hours. UNI is still 21.81% away from its ATH of $36.41. Through intensive trading, the market capitalization is up 8.57%. Despite increasing market capitalization, the trade volume has dropped over 40%.

Based on the above price chart, the price has moved and swayed over the past week like a rollercoaster. In the past week, Uniswap’s official V3 announcement led to an anticipation of price gain; however, the price dropped after hitting a high of $35.8.

The on-chain sentiment was bullish since the V3 announcement, and the concentration by large HODLers is 91%. 75% of these HODLers bought the asset in the past 12 months, and 25% bought the asset in the past 1 month. Not just institutions, but retail traders have been buying and accumulating. The rollercoaster price action has created several support zones that rely on the exchange supply.

Before the current price action, the price volume divergence was a significant concern as it signaled that there were fewer buyers and the demand was getting exhausted. The price rally would have been healthier if the high price was accompanied by high volume and buyers stepped in to keep fueling demand.

Just as the demand increased with the news of Uniswap V3, it kicked off a price rally at the beginning of 2021, when Uniswap devs increased activity and updates.

The price expectations of retail traders are nearly at the same level as they were, following the releases in early 2021. Though Ethereum has a similar narrative, the development updates and launches were delayed. The anticipation of price hike near the launches is lost in the dropping volume and demand following weeks of delay.

In the case of Uniswap, the speculation and the anticipation matched the hike in trade volume and price as traders lined up on Binance, Huobi Global, and OKEx’s USDT markets, the top 3 contributors to Uniswap’s trade volume. When it comes to ETH, analysts are of the opinion that it is undervalued even at the current price level of $1645, based on data from coinmarketcap.com.

However, comparing this to UNI, in the previous two price rallies in Q1 of 2021, analysts considered the altcoin overpriced. The correction to the current price level was considered a correction to the neutral level and essential to UNI’s price rally, as it may tend to get overbought, following an increase in selling pressure and a correction below $24.

Currently, UNI is not on a rollercoaster, if the momentum continues and trade volume on spot exchanges increases, it is expected that the price may approach ATH again by the end of the weekend.

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Ekta is a full-time journalist at AMBCrypto and her specialization lies in spot markets. Currently pursuing her MBA, she is passionate about trading, fintech, and everything decentralized.

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