XRP price – Privacy coin season? Dash price gains 100% in a week as Monero, Zcash flip bullish

The strength of the cryptocurrency market appears to be spreading to privacy-focused coins. The calm price action of Bitcoin (BTC) often sets up an intense period for altcoins to rally, where several groups of coins can start becoming bullish.

One of those segments is privacy coins. For example, Monero (XMR) rallied by more than 50% last week. Meanwhile, Dash has more than doubled, with a 125% gain, while Zcash (ZEC) rallied by 70% during the same period.

Prior to the rally, XMR was lagging behind Ether (ETH), as the construction is quite similar between the two. After a two-year-long accumulation period, ETH price finally broke to the upside at the beginning of 2021.

Such breakouts often see a support/resistance (S/R) flip, after which the price of the underlying asset can continue rallying. This S/R flip zone for Monero’s price is marked with the green box where support was found. This support zone held, and XMR price continued accelerating toward the next resistance zone around $300.

The weekly chart for Monero’s BTC pair shows an entirely different view, however, as it’s still in a downtrend. Therefore, a rally in the XMR/BTC pair may be on the horizon. Specifically, a breakout above 0.006 sats would likely lead to more upside.

Frequently, when one coin from a segment starts to run, other coins follow suit. Such a correlation can be found between Dogecoin (DOGE), Stellar’s Lumen (XLM) and XRP, as these often mirror each other’s moves, and privacy coins aren’t any different, namely XMR, Dash and ZEC. 

Dash, for instance, has been breaking out of a two-year accumulation period as well. As long as Dash sustains support above the $150–$170 region, further continuation toward $550–$600 is on the table.

The DASH/BTC pair is also looking weak, however, similar to XMR. A breakout above the critical resistance zone of 0.007 sats would help generate upward momentum. If that level breaks and flips for support, continuation toward the 0.016–0.018 sats region becomes likely.

Such a rally would also be in line with more upside in the U.S. dollar pair, as the next level of resistance is found between $550 and $600.

Zcash is the third major privacy coin and also shows a similar chart structure. ZEC’s price broke out of a long multiyear accumulation period and flipped the $80 area for support.

With this S/R flip, the price then rallied to $160 to $170, the next area of resistance. As long as Zcash holds above the $100–$120 area, the resistance zone at $350 to $380 then becomes the next logical target.

But just like the other privacy coins, the BTC pair is still struggling to break out. The critical level for Zcash is 0.0036–0.0041 sats. If that level is broken, the 0.008 sats area should be the next level of defense for the bears.

Therefore, privacy coins are starting to wake up and are showing decent strength, but more upside is possible, particularly in their BTC pairs, which may break out of their long downtrends. The critical levels of resistance must flip to support, however. If this occurs, privacy coins will be in a good position for their own “alt season,” which has been especially auspicious for the decentralized finance sector in recent months. 

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Fintech Zoom. Every investment and trading move involves risk. You should conduct your own research when making a decision.

XRP price – Privacy coin season? Dash price gains 100% in a week as Monero, Zcash flip bullish Tags: XRP price

The strength of the cryptocurrency market appears to be spreading to privacy-focused coins. The calm price action of Bitcoin (BTC) often sets up an intense period for altcoins to rally, where several groups of coins can start becoming bullish.

Such breakouts often see a support/resistance (S/R) flip, after which the price of the underlying asset can continue rallying. This S/R flip zone for Monero's price is marked with the green box where support was found. This support zone held, and XMR price continued accelerating toward the next resistance zone around $300.

The weekly chart for Monero’s BTC pair shows an entirely different view, however, as it's still in a downtrend. Therefore, a rally in the XMR/BTC pair may be on the horizon. Specifically, a breakout above 0.006 sats would likely lead to more upside.

Dash, for instance, has been breaking out of a two-year accumulation period as well. As long as Dash sustains support above the $150–$170 region, further continuation toward $550–$600 is on the table.

The DASH/BTC pair is also looking weak, however, similar to XMR. A breakout above the critical resistance zone of 0.007 sats would help generate upward momentum. If that level breaks and flips for support, continuation toward the 0.016–0.018 sats region becomes likely.

Such a rally would also be in line with more upside in the U.S. dollar pair, as the next level of resistance is found between $550 and $600.

Zcash is the third major privacy coin and also shows a similar chart structure. ZEC’s price broke out of a long multiyear accumulation period and flipped the $80 area for support.

With this S/R flip, the price then rallied to $160 to $170, the next area of resistance. As long as Zcash holds above the $100–$120 area, the resistance zone at $350 to $380 then becomes the next logical target.

But just like the other privacy coins, the BTC pair is still struggling to break out. The critical level for Zcash is 0.0036–0.0041 sats. If that level is broken, the 0.008 sats area should be the next level of defense for the bears.

Therefore, privacy coins are starting to wake up and are showing decent strength, but more upside is possible, particularly in their BTC pairs, which may break out of their long downtrends. The critical levels of resistance must flip to support, however. If this occurs, privacy coins will be in a good position for their own "alt season," which has been especially auspicious for the decentralized finance sector in recent months. 

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.

TL;DR Breakdown

The price of the cryptocurrency dropped heavily as many major crypto exchanges announced plans to suspend it from trading on their platform. Although XRP is gradually recouping the loss, it has been overtaken by some other cryptocurrencies, which are seeing more demand and massive price growths.

Bitcoin remains the dominating coin in the market. The price of the cryptocurrency crossed a new all-time high above $52,000 on Wednesday. Currently, Bitcoin is trading at $51,490 with a market capitalization of $970 billion. Another major milestone record for the leading cryptocurrency would be crossing a $1 trillion market valuation. 

September 11, 2020 | William T.| 2 mins

When it comes to key strategic partnerships that are set to yield optimal revenues, count Esports Entertainment Group in.

Esports-focused licensed online gambling company Esports Entertainment Group is on a roll as it has recently completed its acquisition of FLIP Sports’ technology assets, gaining full ownership of selected and various assets under FLIP Sports, including staff and intellectual party.

FLIP Sports, a mobile game studio that focuses on revolutionizing engagement with live sports, is the latest company to be integrated into the growing Esports Entertainment ecosystem.

Grant Johnson, Chief Executive at Esports Entertainment, said:

Similarly, John Brackens, Chief Information Officer and Chief Technology Officer at Esports Entertainment, views FLIP’s addition to the company is vital to their mission to enhance player experience for esports fans.

The said acquisition is the latest on Esports Entertainment’s list. For the past months, Esports Entertainment Group has been on a roll with key partnerships, following its milestone of being the first esports operator to be listed on NASDAQ.

With its investments in strategic partnerships and movements, Esports Entertainment now eyes a 13 million USD revenue for its 2021 fiscal year.

The company recently released its forecast revenue for next year, which marks its first year to gain revenue following a ‘development stage’. The expected revenue stems from the various partnerships and decisions made in the past months.

Adding to this figure is the expected growth of the VIE.gg betting exchange platform, which registers a revenue opportunity of 180 million USD.

With the directions Esports Entertainment has been taking, it is only logical for the company to tap the latest technologies that can further bring their services up a notch. And one of these technologies is blockchain.

Several companies from various fields have already started integrating blockchain technology into their systems. Gaming is among them, with companies like Xaya  already exploring blockchain through their products. Even Ubisoft has tapped blockchain for a new gaming world. In fact, CryptoFights.io creator Kronoverse partnered with ESL earlier this year.

Magnus Leppäniemi, VP of Marketing and Head of Esports at Esports Entertainment Group, told BestBitcoinCasino.com:

As big players in the gaming scene and esports industry are moving forward with blockchain, it is only a matter of time when Esports Entertainment will join the others.

At present, the Bitcoin sports betting market continues to thrive, especially as usage and support for digital payments rise in several countries. Along with this is the stronger billion-dollar esports industry that has given rise to a fast-growing Bitcoin esports betting ng>Twitter for the latest news and developments in crypto and blockchain gaming.

If you’re interested in getting an updated 2020 list of all Bitcoin casino reviews for this market, check out the casino review section.

Chainlink has been one of the best performing major altcoins throughout the past 24-hours, with its slight underperformance of BTC throughout the past few days being erased by an intense overnight upswing.

This has allowed it to gain a strong foothold within the $11.00 region, and it is now targeting a move past $12.00 as bulls begin rotating their profits away from Bitcoin and into altcoins.

LINK’s upswing could also be emblematic of a renewed sense of bullishness within the entire DeFi space, as many of the tokens residing within the sector are beginning to see slight uptrends.

So long as Bitcoin and Ethereum remain bullish in the near-term, traders will likely continue moving capital into higher-risk assets in hopes of outperforming BTC.

One analyst is now noting that Chainlink is “on the edge of glory” following its strong overnight upswing.

He believes that the cryptocurrency will see massive gains in the near-term if it can flip $11.50 into support, as this would cause an ultra-bullish indicator to flash.

At the time of writing, Chainlink is trading up nearly 7% at its current price of $11.50. This has long been a resistance level for the crypto, and it is now attempting to flip it into support.

Just a couple of days ago, strong inflows of selling pressure sent LINK’s price all the way down to $9.80.

It has since posted a massive recovery from these lows and isn’t showing any signs of reverting its strength.

So long as Bitcoin and Ethereum remain in bulls’ control, major altcoins like Chainlink will likely also see heightened strength.

One analyst recently pointed to Chainlink’s Renko chart, noting that a break above $11.50 will likely be enough to flip its guppy indicator green.

This could mark the start of its next massive uptrend and indicate that new all-time highs are imminent.

DeFi altcoins, which have been particularly hit hard by the recent market-wide downturn, may lead this next rally.

Bitcoin price is now trading at nearly $3,000 less than the high set earlier in the week, just shy of setting a new all-time record for the cryptocurrency.

After a few strong attempts by bulls to get back above $17,000, bears might have flipped the zone into strong resistance, and are now making a stand to break what’s left of support.

Bitcoin price is reeling after a rejection at the retest of its all-time high. At only a few hundred dollars below the previous peak – if that, depending on the exchange – the leading cryptocurrency by market cap suffered a large, 15% correction.

A $3,000 fall to support has thus far held, but bears might have successfully flipped $17,000 into resistance on lower timeframes.

Zooming out, Bitcoin bulls are still holding onto weekly support set back in early January 2018 and are keeping their heads above water for the time being. If bears continue to push cryptocurrency prices lower, however, things could get a lot worse.

Statistically, when a specific technical indicator reaches such an extreme reading, as much as two-thirds can come off the price of the top crypto asset in the correction that follows.

But after such a severe crash, the recovery is just as incredible. All instances where this extreme deviation happened, immediately bounced to new all-time highs the moment that Bitcoin bulls regained control.

While that might not come for some time, given how easy bulls have had it for the last several weeks in a row, the bull market is here and there won’t be much that can stop Bitcoin.

Top smart contract protocol Polkadot appears to be on a red-hot streak as it recently broke into the higher echelons of cryptocurrencies.  It appears DOT, the smart contract protocol’s native token, is now the fourth-largest cryptocurrency in the industry based on market cap.

Per data from CoinMarketCap, DOT’s market capitalization now sits at $10.68 billion. With Litecoin’s market cap still pegged at $9.72 billion, DOT appears to have built a considerable lead and is currently sitting pretty at #4. The asset still has a $3 billion gap to close if it hopes to flip XRP and break into the top three.

DOT’s rise is coming on the heels of a solid week for it. Over the past 24 hours, the asset’s price has jumped by 28 percent. However, while it is easy to believe that the asset is only holding strong this week, you’d be wrong. DOT reached a new all-time high last month, breaking the$11 mark for the first time. Since then, the asset has continued to coast off its momentum – as well as that of Bitcoin.

Yesterday, Michael van de Poppe, a trader on the Amsterdam Stock exchange,  explained that DOT could still drop to key support areas around $7.5. if that happens, the asst could rally to a new all-time high and possibly consolidate above the $20 mark.

Probably some more consolidation, however, I think it's just a matter of time before we see $DOT above $20. pic.twitter.com/qQwXlJtwzl

— Michaël van de Poppe (@CryptoMichNL) January 13, 2021

The protocol could also have a much bigger 2021 as it looks to solve scalability issues plaguing several decentralized finance (DeFi) projects. Last month, Christian Wood, the protocol’s creator, published a  roundup  of its performances in 2020 and highlighted some of its plans.

In the roundup, Wood pointed out DOT’s dominance in the staking scene. Data from Staking Rewards shows that 60 percent of the asset’s circulating supply is locked in staking wallets.  

Wood also explained that the Polkadot blockchain has been doing considerable work in ensuring blockchain interoperability and connectivity. Last year, the protocol launched Substrate, a blockchain building framework that allows seamless integration between blockchains. The year also saw the emergence of projects like Acala – Polkadot’s foray into the DeFi space – and Moonbeam, an Ethereum-compatible toolkit that enables smart contract development.  

As for plans going into 2021, Wood confirmed that developers are working on bringing more cross-chain interoperability into the crypto market. He pointed out the launch of Substrate 3.0, an upgrade to the blockchain framework that will finally get full Ethereum compatibility. Polkadot plans to launch the upgrade before the end of 2021;’s first half.  

Success with these projects could help Polkadot usher in a new age for DeFi.

Dallas, Texas--(Newsfile Corp. - February 11, 2021) - Alternet Systems, Inc. (OTC Pink: ALYI) today highlighted the recent news on Tesla's $1.5 billion Bitcoin investment and plans to sell cars in exchange for Bitcoin.

ALYI is building an electric vehicle ecosystem launching in Africa and kick-started with the introduction of the Revolt Electric Motorcycle with North American and African Continent editions scheduled to rollout this year.

ALYI has established a partnership with RevoltTOKEN. RevoltTOKEN is planning to launch an ICO and fund the growth of ALYI's electric vehicle ecosystem. RevoltTOKEN's are intended to be eligible for exchange into other ecosystem components to include ownership of a Revolt Electric Motorcycle or other future electric motorcycle produced by ALYI.

"Tesla's Bitcoin news seems to us here at ALYI to be a validation of our direction to link the EV industry to cryptocurrency," said Randell Torno, CEO of Alternet Systems.

In conjunction with ALYI's recently released democratized electric vehicle ecosystem multimedia presentation, ALYI's finance partner, RevoltTOKEN, will publish an independent update on progress toward its planned ICO tomorrow, Friday, February 12, 2020.

View the recent ALYI presentation in either a flip book format or video presentation:

Flip Book:

The Global Democratized Electric Vehicle Ecosystem Collaboration Strategy

Video:

For more information and to stay up to date on ALYI's overall latest developments, please visit www.alternetsystemsinc.com.

Disclaimer/Safe Harbor: This news release contains forward-looking statements within the meaning of the Securities Litigation Reform Act. The statements reflect the Company's current views with respect to future events that involve risks and uncertainties. Among others, these risks include the expectation that any of the companies mentioned herein will achieve significant sales, the failure to meet schedule or performance requirements of the companies' contracts, the companies' liquidity position, the companies' ability to obtain new contracts, the emergence of competitors with greater financial resources and the impact of competitive pricing. In the light of these uncertainties, the forward-looking events referred to in this release might not occur.

Alternet Systems, Inc. Contact: Randell Torno info@lithiumip.com +1-800-713-0297

Certainly, during the five years since it launched, the Ethereum Foundation has achieved much in working towards this goal. It has the most dApps of any smart contract platform, the highest number of daily active users, and the biggest number of contracts.

Add into the mix the fact that the majority of DeFi protocols run on Ethereum, and you have a strong case for why it will succeed as a global settlement layer.

Nonetheless, while Ethereum may be the king of alts, it will never be the king of crypto.

Well, that’s according to Messari CEO Ryan Selkis, who, in his article “ETH is Not Money,” gives his reasons why Ethereum will never flip Bitcoin.

In crypto, use case equates to value. Ethereum, as arguably the most useful platform, should offer the most value. But it doesn’t, at least not in terms of price or market cap.

Contrast this with Bitcoin, a failed peer-to-peer money system that pivoted to a store of value use case. Other than buying and holding Bitcoin, it offers nothing else of value.

With that in mind, Selkis may have a point. He talks about Ethereum substitutes, of which there are many. The popularization of the term “Ethereum killer” directly results from the number of contenders vying to take its place.

That isn’t the case with Bitcoin, which has the hashing power and brand recognition for sustaining its position at the top.

Another key point that holds Ethereum back, especially in capturing the “lite” crypto user, is its complexity. Bitcoin is simple, so simple a non-tech person can grasp what it is and how it does it. Selkis said he doesn’t even bother trying to explain Ethereum to his grandfather.

Selkis dives into numerous other reasons why Ethereum will never flip Bitcoin, but they are all insignificant compared to the above two. After all, simplicity and irreplaceability are what will win over the non-techies.

So, despite Ethereum’s vast array of functionality, the market deems store of value a more important proposition. And that doesn’t look like changing anytime soon.

The daily volume of transactions on the Ethereum (ETH) network is now 28% greater than on Bitcoin (BTC), according to crypto analytics firm Messari.

On Jan. 19, Messari’s Ryan Watkins tweeted that Ethereum’s daily transaction volume “is going parabolic” alongside a chart indicating that Ethereum and Ethereum-powered stablecoins have processed $12.3 billion in transactions over the past 24 hours — dwarfing Bitcoin and Omni-based USDT’s $9.3 billion.

The data excludes non-stablecoin ERC-20 transactions for Ethereum to avoid double-counting DEX volumes.

According to Blockchain Center’s “Flippening Index,” which uses eight key metrics to track whether the Ethereum network has surpassed Bitcoin in size and activity, Ethereum is 63.5% of the way to having flipped Bitcoin. 

While Blockchain Center’s data suggests Ethereum is yet to beat out Bitcoin’s transaction volume, the Flippening Index notes Ethereum is already beating Bitcoin by transaction count and total transaction fees. 

The data also has Ethereum’s node count at 94% after briefly flipping Bitcoin several times in recent months, and estimates Ethereum’s trade volume is equal to 57% of Bitcoin’s after bouncing off a record high of 76% last week.

Despite momentum building for Ethereum, the index shows Google search volume is only 14% compared to Bitcoin, and Ether’s market cap to be just 21% of Bitcoin’s. However, Messari estimates the entire Ethereum ecosystem to be worth $212 billion — equal to 31% of Bitcoin’s market cap.

Polkadot, the brain-child of Ethereum co-founder Gavin Wood, completed its own flippening last week to overtake Ripple’s XRP and rank as the third-largest non-stablecoin crypto asset by capitalization behind Ethereum.

A Binance Smart Chain-powered decentralized exchange (DEX) called PancakeSwap has seen volumes and token prices skyrocket, as gas prices continue to cripple Ethereum (ETH) users.

PancakeSwap was spawned out of the decentralized finance (DeFi) cloning and food farming frenzy in late September 2020. Instead of duplicating Uniswap on Ethereum, it chose Binance Smart Chain (BSC) and its BEP20 standard to base its operations.

In essence, PancakeSwap does exactly the same thing as SushiSwap, but being backed by a huge centralized exchange. There is a DEX/automated market maker, yield farms, or kitchens as it calls them, and a native governance token, called CAKE.

As gas prices continue to surge, DeFi yield farmers have been flocking to PancakeSwap and its volumes have surged, propelling it to second place behind Uniswap in CoinGecko’s DEX ranking list.

Since Monday, Feb. 8, daily trade volume on the DEX has surged a whopping 350% from around $167 million to over $745 million, according to CoinGecko.

The platform itself reports an all-time high daily volume at current levels and liquidity of around $800 million.

Daily volume has surged 60%, over the past 24 hours, ranking the DEX above SushiSwap, 1inch, and 0x Protocol, and second only to Uniswap. The most traded pair on the exchange is WBNB/BUSD with around $195 million, or around 25% of the total, over the past day.

DappRadar reported that PancakeSwap has seen its user base grow over 36% to 58,400 active wallets over the past seven days. It added that it is the most used DeFi product on Binance Smart Chain.

Binance CEO Changpeng “CZ” Zhao also reported yesterday that BSC was had flipped Ethereum for daily transactions:

“Today is an important day. BSC flipped Ethereum on daily transactions. This validates the logic that low fees attracts more users & projects.”

The news is no surprise as gas fees continue to surge, with the average transaction cost hovering around its highest ever level of $25. Smaller token swaps and yield pool switching is totally unviable at these prices, which could also explain why ETH is being hodled, at the time of writing, and not sold to market.

The result for CAKE holders was a massive surge in token prices as it has pumped 200%, over the past week, hitting an all-time high of $8 on Wednesday, Feb. 10.

At press time, CAKE is trading at $6.77, still up over 1,300%, since the same time last month. Binance coin (BNB) has also been on a roll, hitting its own all-time high of $145 yesterday and cooling to $127.

Martin has been writing on cyber security and infotech for two decades. He has previous trading experience and has been actively covering the blockchain and crypto industry since 2017.

The CEO of IOG, Charles Hoskinson, who is the creator of Cardano (ADA), has shared his opinion regarding the future of Bitcoin (BTC), the first and largest cryptocurrency, in one of his latest interviews.

In the course of the interview, Hoskinson was asked to air his opinion about the likely future of the flagship cryptocurrency created by Satoshi Nakamoto.

Read Also: Cardano’s Charles Hoskinson: February Is Going to Be a Really Good Month

In a straightforward response, Hoskinson pointed out that there is no significant reason for Bitcoin to remain valuable because it has no technological advantages. He added that Bitcoin has remained without any notable development compared to other digital currencies.

The creator of Cardano (ADA) believes that Bitcoin will be flipped someday by cryptocurrencies that welcome consistent development and innovation, except something is done to improve its use cases.

Charles Hoskinson noted:

“Bitcoin is only valuable because it’s valuable. It has no technological advantages. In fact, it’s the least advanced of all cryptocurrencies, the least futuristic. There is no reason for it other than the fact that it exists…

Read Also: Cardano’s Charles Hoskinson Reveals One Person That Fits Satoshi Nakamoto’s Profile

“The minute that it gets flipped by another cryptocurrency unless they can find a way to innovate again, Bitcoin will die because there is no reason to hold it over its neighbors.”

According to Charles Hoskinson, Bitcoin lost some of its earliest and best hands over a disagreement on block size. He believes that the disagreement on such an important aspect of the network speaks volume on how obsolete the leading cryptocurrency would turn out to become since there are other advanced developments in the future, which other crypto projects would incorporate:

“Bitcoin lost some of its earliest and best people over just the block size-a system parameter. It just tells you, if you can’t even agree on something as trivial as block size, then how do you get post-quantum crypto when quantum computers come, how do you get smart contracts?

It can be recalled that Cardano (ADA) has been entering into phases of development over the past two years in order to remain competitive in the smart contract ecosystem.

Read Also: Trader Lark Davis Lists ETH, ADA, DOT, and Two Other Coins with Bullish Potential in February

A couple of hours ago, Charles Hoskinson released an update regarding the rollout of Mary Hard Fork. Setting a timeline for the upcoming major development, he said the Hard Fork Combinator (HFC) will be implemented on 1st March 2021.

Bitcoin Cash price broke out of a consolidation pattern that has seen it rise over 15% in the past five days. Even though BCH tumbled during Tuesday’s trading session, its uptrend remains intact, targeting $610.

Bitcoin Cash price sliced through the hypotenuse of an ascending triangle on February 6. This type of technical formation is considered a continuation pattern that may lead to a 37% upswing.

While BCH hovers around $500, the ascending triangle forecasts it has more room to go up. If buying pressure continues mounting, BCH could rise by another 20% to hit a target of $610.

BCH/USD 4-hour

IntoTheBlock’s In/Out of the Money Around Price (IOMAP) chart shows that achieving this target will be anything but easy due to the presence of a strong resistance barrier ahead. A cluster of 66,000 addresses had purchased nearly 455,000 BCH around $510. 

Only a 4-hour candlestick close above this hurdle will help Bitcoin Cash price rally higher.

Bitcoin Cash IOMAP chart

The 70% uptick in the number of new BCH addresses joining the network adds credence to Bitcoin Cash’s bullish outlook. More than 67,000 new addresses were created today, showing an increase in user adoption over time. 

Regardless, a spike in selling pressure due to unforeseen circumstances could prevent BCH from flipping the resistance at $510. In such a case, Bitcoin Cash sits on stable support at $500, where almost 60,000 addresses previously purchased 772,000 BCH.

Bitcoin Cash Daily New Addresses chart

It is worth noting that Bitcoin Cash price sits on stable support as almost 60,000 addresses previously purchased 772,000 BCH at an average price of $500. As long as this support level holds, the odds will continue to favor the bulls.

Over the last two days, Binance coin’s [BNB] price movement created an uproar in the crypto community. While the asset found its way below the crypto spotlight, all the other coins were seen incorporating a similar course.

Binance made sure to remain on top by venturing into new markets worldwide. While the exchange continued beaming as the largest crypto exchange, its native currency also mirrored a similar trend. The altcoin put prominent cryptocurrencies like Litecoin, Chainlink, and Bitcoin Cash in terms of the market cap, behind and preceded as the seventh-largest coin. The market cap of the BNB asset was noted at a high of $20.06 billion.

BNB, at press time, was trading for $118.83 with a 21% surge in the last 24-hours. The altcoin hit an all-time high of $148.07 just yesterday and slumped quickly. The trading volume in the BNB market was at a high of $7,056,251,512.81.

The Binance coin [BNB] ‘s short-term price chart was heading for a change in its trend. The asset had a gala time with the bulls which pushed the coin’s price to almost $150. However, it looks like this number would take a while to achieve. The MACD line slowly crept above the signal line, which indicated a bearish sign. This bearish crossover introduced the bears into the BNB market.

The Klinger Oscillator also mirrored the MACD indicator and formed a bearish crossover. The Money Flow Index, however, suggested that a buyers’ sentiment persisted.

The one – day price chart of BNB was spinning another story. The above chart revealed that the bulls still existed in the market. The Parabolic SAR indicator formed lines below the candlesticks, further indicating the presence of the bulls. Chaikin Money Flow indicator also exhibited a similar trend. The Relative Strength Index suggested that the asset was being overbought.

Amidst this, the Binance Smart Chain flipped Ethereum with regard to the daily transaction. Commemorating the same, the CEO of Binance, CZ tweeted,

— CZ ? Binance (@cz_binance) February 10, 2021

Marlin is highly scalable, decentralized and maintains anonymity. Marlin-SDK is a robust P2P network designed for performance and security.  It is a high throughput blockchain with optimized topology for faster delivery using staking and slashing. The growth of Marlin network will soon start reflecting in POND price.

Using Marlin, traders can beat competitors with low latency mempool syncs to never lose out on Gas price wars. It provides low latency communication for decentralized cloud compute and storage solutions. It also provides the infrastructure for High Frequency Trading.

Let us review POND price.

POND is currently trading above the support of $0.149 and is targeting the resistance zone at $0.179. If it can flip this resistance to support by closing a few daily candles above, we could start seeing a move towards $0.216, $0.262, $0.338, $0.461, $0.584 and $0.659. Failure to break the resistance at $0.179 could lead to a drop towards $0.149 and $0.140.

POND is currently trading at $0.164 with a market cap of $71,284,704. Its 24 hour trading volume was $21,680,598.

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Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.