Reported by Nina Bambysheva, Michael del Castillo and Steven Ehrlich

The meteoric rise of bitcoin - from $10,000 since last year’s list to an all-time high of $65,000 this April –  and other major cryptocurrencies over the past few months secured a record eight spots on this year’s Fintech 50 list for blockchain and cryptocurrency focused companies. The ensuing wave of institutional adoption also brought hordes of capital to crypto startups, giving birth to new crypto unicorns (companies with a $1 billion plus valuation) and signaling a ‘coming of age’ for the industry.

First-time members include crypto lending platform BlockFi, which scored a $350 million investment, the third largest venture round ever among crypto startups, in March at a whopping $3 billion valuation, and Paxos, a blockchain infrastructure company best known as the partner for PayPal PYPL and Venmo’s crypto brokerage services, providing access to bitcoin, ether and a handful of other major cryptocurrencies to more than 350 million customers. 

Other debutants include leading cryptocurrency custodians Anchorage and Fireblocks. As more corporations and institutional investors awoke to the crypto disruption and engaged in amassing sizable bitcoin positions, crypto custody services saw a massive spike in interest. In January, Anchorage became one of the first crypto-native firms to be granted a conditional national trust bank charter by the Comptroller of the Currency, while Fireblocks saw a 2023% growth over the previous year, having transferred over half a trillion dollars in digital assets since launch in 2019. 

Amid the novel non-fungible token (NFT) frenzy, San-Francisco-based Alchemy emerged as a new breed of fintech leaders. Alchemy’s technology powers just about every major NFT platform, including OpenSea, Nifty Gateway, and NBA Top Shot, connecting users to the Ethereum blockchain, on which most non-fungible tokens, or digital collectibles, are built. 

But the veterans are still going strong. Cryptocurrency investigation and compliance company Chainalysis, previously included in the 2018 and 2020 iterations of the Fintech 50 list, achieved a unicorn status in November after closing a $100 million Series C financing round. Chainalysis could be dubbed as “the guardian of crypto” as it is helping government agencies in 50 countries analyze blockchain data to investigate illicit transactions and ensure compliance with anti-money laundering regulations. 

One notable graduate of the list is Coinbase, the largest cryptocurrency exchange in the United States, which shook the industry and public markets with its April 14 Nasdaq debut – the largest direct listing in history. At one point during the opening day, Coinbase’s market cap exceeded $100 billion, setting a high bar for crypto startups still eyeing a public offering. Two of this year’s members, Kraken and Gemini (also cryptocurrency exchanges), have discussed going public in the future. 

But fintech is no longer just a tale of corporate success. Cryptocurrency lenders and exchanges are slowly giving way to the new hot shot of the class - decentralized finance (DeFi). An umbrella term for blockchain-based applications and protocols aiming to replace traditional financial intermediaries like banks and brokerages, DeFi skyrocketed in popularity and market capitalization over the past 12 months – from just over $1 billion in locked value in June 2020 to the current $67.9 billion. The largest among DeFi platforms are lending and borrowing protocols, such as Aave and MakerDAO, and decentralized exchanges like Uniswap and SushiSwap – all built on Ethereum. DeFi’s rise contributed to the surge of ether, Ethereum’s native cryptocurrency, which hit an all-time high of over $4,000 earlier in May. Although ineligible for the Fintech 50 list because of their composition, they deserve recognition for their success and ingenuity.

Alchemy

Headquarters: San Francisco, CA 

Sometimes called an Amazon Web Services for crypto, the company’s user interface lets non-coders write and read info on a blockchain. Alchemy provides the service for free to some clients, but charges $49 a month and up to others. Users include traditional organizations like PwC and UNICEF and crypto players like Dapper Labs, creator of the Flow blockchain. 

Funding: $96 million from Coatue, Addition and Pantera and individual investors such as Charles Schwab, Peter Thiel, Reid Hoffman, Jay Z and Will Smith. 

Latest valuation: $505 million

Bona fides: Despite having just 22 employees, its infrastructure has been used for $30 billion in transactions and has been key to the NFT explosion. 

Cofounders: CEO Nikil Viswanathan 33 and CTO  Joseph Lau, 31

Anchorage

Headquarters: San Francisco, CA 

Regulated custodian offering institutions lending, trading, financing and staking of crypto. In January, Anchorage, a South Dakota trust company, became among the first crypto-native firms to be granted a conditional national trust bank charter by the Comptroller of the Currency.

Funding: $137 million from Andreessen Horowitz, Blockchain Capital, the sovereign wealth fund for the Singapore state government and others

Latest valuation: $520 million, according to Pitchbook

Bona fides:  Working with partner (and investor) Visa V , served as custodian for first stablecoin payment on the Visa network 

Cofounders: CEO Nathan McCauley, 35 and President Diogo Monica, 35

BlockFi

Headquarters: Jersey City, NJ

Fashioning itself as a crypto wealth manager, BlockFi offers its 300,000 account holders crypto-collateralized loans at interest rates as low as 4.5% and up to 8.6% annual return on their crypto holdings via interest-bearing accounts. The four-year old startup is also preparing to launch a bitcoin-reward credit card.

Funding: $504 million from Tiger Global Management, Susquehanna Government Products, Pomp Investments and others

Latest valuation: $3 billion

Bona fides: Over the past year, assets under management have grown from $1 billion to $20 billion, while monthly revenues have jumped from $1 million to more than $45 million and its workforce has expanded from 75 to 500. 

Cofounders: CEO Zac Prince, 34, and SVP of operations Flori Marquez, 29, a member of the 2021 Forbes 30 under 30 list

Chainalysis:

Headquarters: New York City

This blockchain analysis pioneer with 200-plus employees helps governments and businesses in 50 countries analyze blockchain data to investigate illicit transactions and ensure compliance with anti-money laundering and know-your-customer regulations. 

Funding: $266 million from Addition, Accel, Benchmark and others

Latest valuation: $2 billion

Bona fides: Has 350 clients including the IRS, Gemini, Barclays and Square SQ .

Cofounders: CEO Michael Gronager, 50; Chief Strategy Officer Jonathan Levin, 31; and  former CTO Jan Moller, 49

Fireblocks:

Headquarters: New York City 

This cryptocurrency institutional custody startup is already helping more than 250 clients, including BNY Mellon, Revolut and other banks, fintechs, exchanges and hedge funds store and transfer a wide variety of digital assets. It both serves as a custodian and helps larger institutions establish in-house custody services.  

Funding: $179 million from Coatue, Ribbit, Silicon Valley Bank and others

Latest valuation: $700 million

Bona fides: Has already transferred nearly $700 billion in digital assets since launching, reflecting a 2023% increase over the previous year.

Cofounders: CEO Michael Shaulov, 38 and CTO Idan Ofrat, 39

Gemini:

One of the earliest crypto exchanges, it has grown to 350 employees and now conducts some $30 billion in transactions annually. As a licensed and regulated New York trust company, it’s well positioned for growing institutional adoption of crypto. Recently expanded into non-fungible tokens with the purchase of Nifty Gateway, now the largest NFT exchange. 

Latest valuation: $5 billion

Bona fides: As of late March, Nifty Gateway had sold $132 million of the $188 million worth of such work bought by collectors

Cofounders: CEO Tyler Winklevoss, 39 and president Cameron Winklevoss, 39, twins made famous for early legal battle with Mark Zuckerberg over the idea for Facebook. 

Kraken

Headquarters: San Francisco, California 

Second largest cryptocurrency exchange in the U.S. by transaction volume. Became the first U.S. cryptocurrency firm to receive a banking charter, obtaining a Special Purpose Depository Institution license in Wyoming, and plans to open Kraken Bank and provide accounts to current clients  this fall. Also operates reference rate and index provider, CF Benchmarks, which is used to display prices or price derivatives and indexes by Bloomberg, CME Group CME , and Nasdaq, among others.

Funding: $32 million. Also, undisclosed private equity round in April 2021

Latest valuation: Shares are trading in private markets at an implied $20 billion valuation 

Bona fides: Processed more than $230 billion in trading volume as of May 3. Average daily derivatives volume of $690 million 

Cofounder and CEO: Jesse Powell, a Cal State philosophy major whose first venture helped online gamers manage in-game currencies

Paxos

Founded (as itBit) way back in 2012, the blockchain infrastructure provider has quietly built a backbone for Paypal and Venmo’s crypto brokerage services that allows their customers to buy, hold and sell bitcoin, ethereum and a few other cryptocurrencies directly from their accounts. Additionally, Societe Generale, Credit Suisse and Nomura Instinet use Paxos’ blockchain-based service to settle trades directly with each other, without the traditional intermediary, the National Securities Clearing Corporation (NSCC)

Funding: $537 million from PayPal Ventures, Declaration Partners and others

Latest valuation: $2.4 billion

Bona fides: More than 100 institutional clients 

Cofounders: CEO Charles Cascarilla, 44 (a former Goldman Sachs financial analyst) and CEO Asia Rich Teo, 41

I report on cryptocurrencies and emerging use cases of blockchain. Born and raised in Russia, I graduated from NYU Abu Dhabi with a degree in economics and Columbia

I report on cryptocurrencies and emerging use cases of blockchain. Born and raised in Russia, I graduated from NYU Abu Dhabi with a degree in economics and Columbia University Graduate School of Journalism, where I focused on data and business reporting. 

In this article, we discuss the 10 best cryptocurrency startups to watch. If you want to skip our detailed analysis of these startups, go directly to the 5 Best Cryptocurrency Startups to Watch.

Cryptocurrencies have exploded in value from humble beginnings in 2009 when Bitcoin, the most popular cryptocurrency in the world today that touched a market capitalization of more than $1 trillion towards the end of February, was created and launched as the first decentralized cryptocurrency. Since 2012, Bitcoin has gained more than 193,000% in value and accelerated the launch of hundreds of different types of cryptocurrencies. By 2026, the market size for cryptocurrencies is expected to cross $1 trillion in value.

There is little doubt that crypto-related ventures are some of the hottest items in the technology sector. Many big companies who want to integrate revolutionary new technology onto their platforms or just want some exposure to the industry are funding crypto startups. Big tech names such as Alphabet Inc. (NASDAQ: GOOG ) and Amazon.com, Inc. (NASDAQ: AMZN ) are part of this list, along with payments giant PayPal Holdings, Inc. (NASDAQ: PYPL ). Hedge funds and retail investors are jumping on the crypto gravy train as well.

Alphabet Inc. (NASDAQ: GOOG) has invested in Blockchain.com, one of the largest online crypto platforms in the world. Amazon.com, Inc. (NASDAQ: AMZN) owner Jeff Bezos has backed Chipper Cash, a fintech company based in Africa that has rapidly gained popularity across the continent and is now looking to expand overseas. PayPal Holdings, Inc. (NASDAQ: PYPL) earlier this year announced that it was in the process of allowing hundreds of millions of users on its platform to checkout with cryptocurrencies.

As consumer confidence in crypto offerings increases through institutional investments and it becomes clear that crypto is indeed the future of financial services in a digital world, startups that aim to solve crypto-related problems in the market have been gaining in popularity. Cybersecurity, health, and coin exchanges are some of the key segments that investors should monitor as they offer explosive growth potential in the crypto market. It remains to be seen whether the wider finance world, stil reliant on fiat, can weather these tailwinds.

The entire hedge fund industry is feeling the reverberations of the changing financial landscape. Its reputation has been tarnished in the last decade, during which its hedged returns couldn’t keep up with the unhedged returns of the market indices. On the other hand, Insider Monkey’s research was able to identify in advance a select group of hedge fund holdings that outperformed the S&P 500 ETFs by more than 124 percentage points since March 2017. Between March 2017 and February 26th 2021 our monthly newsletter’s stock picks returned 197.2%, vs. 72.4% for the SPY. Our stock picks outperformed the market by more than 124 percentage points (see the details here). We were also able to identify in advance a select group of hedge fund holdings that significantly underperformed the market. We have been tracking and sharing the list of these stocks since February 2017 and they lost 13% through November 16th. That’s why we believe hedge fund sentiment is an extremely useful indicator that investors should pay attention to. You can subscribe to our free newsletter on our homepage to receive our stories in your inbox.

Photo by Mario Gogh on Unsplash

With this context in mind, here is our list of the 10 best cryptocurrency startups to watch. These startups were selected keeping in mind the crypto-related problems they aim to solve, the quality of products or services they offer, and their basic business model underpinning the earnings philosophy.

CoinSwitch Kuber is a cryptocurrency exchange primarily facilitating crypto transactions in India. In late April, the firm raised $25 million in funding from Tiger Global Management LLC , the New York-based hedge fund with $43 billion in assets under management. With the latest funding, the company is now valued at over $500 million. Scott Shleifer, a partner at the hedge fund, has told news media in India that the fund is excited to partner with a firm that is well positioned to cash in on the crypto boom among retail investors in the country.

Chase Coleman of Tiger Global

Previously, the crypto exchange had also raised funding from Paradigm, an investment firm founded by Fred Ehrsam. Ehrsam is one of the founders of Coinbase Global, Inc. (NASDAQ: COIN ), the largest crypto exchange in the world.

Coinbase Global, Inc. (NASDAQ: COIN) went public in April in one of the biggest IPOs of the year so far, ending the first day of trading with a market cap of $86 billion.

Coinbase Global, Inc. (NASDAQ: COIN) has earned bullish ratings from many investment advisories in recent weeks even as crypto stocks tumble with the fall in price of Bitcoin.

Just like Alphabet Inc. (NASDAQ: GOOG), Amazon.com, Inc. (NASDAQ: AMZN), and PayPal Holdings, Inc. (NASDAQ: PYPL), Coinbase Global, Inc. (NASDAQ: COIN) is one of the best crypto stocks to watch.

Bitwise Asset Management is a cryptocurrency index fund manager offering clients exposure to crypto investments. Recently, the fund raised $70 million in a Series B funding round led by big names in the hedge fund industry such as Stanley Druckenmiller, who runs Duquesne Capital , and David McCormick, the CEO of Bridgewater Associates. The crypto fund manages more than $1.2 billion in assets and has plans for aggressive expansion in the coming months, CEO Hunter Horsley trying to double the size of his team by the end of the year.

The backing of institutions like Duquesne Capital, one of the leading investment firms in the US with more than $3 billion in assets under management, will help crypto-related offerings gain wider acceptance. A top holding of Duquesne Capital is Microsoft Corporation (NASDAQ: MSFT ), which is also bullish on the crypto industry.

Out of the hedge funds being tracked by Insider Monkey, Washington-based investment firm Fisher Asset Managemen t is a leading shareholder in Microsoft Corporation (NASDAQ: MSFT) with 23.3 million shares worth more than $5.2 billion.

Just like Alphabet Inc. (NASDAQ: GOOG), Amazon.com, Inc. (NASDAQ: AMZN), and PayPal Holdings, Inc. (NASDAQ: PYPL), Microsoft Corporation (NASDAQ: MSFT) is one of the best crypto stocks to watch.

Fetch.AI Limited is an artificial intelligence (AI) company that markets AI solutions for blockchain networks. In late March, the company launched a new version of its Mainnet network with 30 validators that included Outlier Ventures, Forbole, and InfStones, among others. The company has so managed to raise more than $26 million in three funding rounds.

GDA Group and Outlier Ventures have contributed to these rounds. The company is based in the United Kingdom and is placed eight on our list of 10 best cryptocurrency startups to watch.

Another firm with a thriving artificial intelligence business is Baidu, Inc. (NASDAQ: BIDU ), the Chinese technology company that operates the leading internet search engine in the country. The artificial intelligence unit of Baidu, Inc. (NASDAQ: BIDU) was recently called undervalued by investment advisory Daiwa.

At the end of the first quarter of 2021, 89 hedge funds in the database of Insider Monkey held stakes worth $6.5 billion in Baidu, Inc. (NASDAQ: BIDU), up from 51 in the preceding quarter worth $4.6 billion.

Just like Alphabet Inc. (NASDAQ: GOOG), Amazon.com, Inc. (NASDAQ: AMZN), and PayPal Holdings, Inc. (NASDAQ: PYPL), Baidu, Inc. (NASDAQ: BIDU) is one of the best crypto stocks to watch.

Provenance is a company that markets supply chain and product transparency. It operates software that uses blockchain, mobile, and other open sources of data to provide users with the origin, tracking, and impact of products. It has raised more than $1.2 million in funding so far over five rounds. Digital Currency Group and Working Capital Fund are some of the big names that have invested in the company. The company is based in San Francisco and is ranked seventh on our list of 10 best cryptocurrency startups to watch.

A company that operates on a similar business model to Provenance is MongoDB, Inc. (NASDAQ: MDB), the software company providing commercial support for source-available databases. MongoDB, Inc. (NASDAQ: MDB) recently beat market predictions on earnings per share and revenue for the first quarter of 2021.

Out of the hedge funds being tracked by Insider Monkey, Boston-based investment firm Whale Rock Capital Management is a leading shareholder in MongoDB, Inc. (NASDAQ: MDB) with 1.2 million shares worth more than $338 million.

Just like Alphabet Inc. (NASDAQ: GOOG), Amazon.com, Inc. (NASDAQ: AMZN), and PayPal Holdings, Inc. (NASDAQ: PYPL), MongoDB, Inc. (NASDAQ: MDB) is one of the best crypto stocks to watch.

Solve.Care is a company that markets a decentralized blockchain platform for healthcare and related services. The firm links patients to health professionals and coordinates all kinds of benefits, care packages, payments within the system using a smart blockchain contract. It has so far managed to win the backing of several big insurance companies as the platform of the firm can be used to settle different kinds of insurance claims quickly and cheaply. The company has so far raised $30 million in funding over two rounds.

Another company making waves in the healthcare sector with the innovative use of new technology is Teladoc Health, Inc. (NYSE: TDOC), the telehealth stock that has seen a flurry of hedge fund interest in recent months as the coronavirus lockdowns helped the company grow dramatically with people opting to consult health professionals online instead of making the trip to a doctor.

At the end of the first quarter of 2021, 42 hedge funds in the database of Insider Monkey held stakes worth $3.3 billion in Teladoc Health, Inc. (NYSE: TDOC), down from 50 in the previous quarter worth $2.6 billion.

Click to continue reading and see 5 Best Cryptocurrency Startups to Watch.

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The cryptocurrency market has been seeing great volatility over the past few days. This volatility has changed the existing trends in the market for almost all altcoins.

With a market capitalization of $4.171 billion, Monero [XMR] was pushed down to the 28th position on the CoinMarketCap list. The volatility in the market has been pushing the digital asset and at the time of writing, the market was once again seeing changes as XMR was being traded at $233.10.

Monero six-hour chart

The above chart of Monero indicated that the price noted a common trend of a surge followed by a period of consolidation since the beginning of the month. The digital asset has maintained this move as it witnessed a surge in value a couple of days ago, pushing it past the resistance at $225.56. Currently, the price has been consolidated between $225 and $241.

As the market progresses, there were signs that this bullishness in the market may get wiped away as the bears came charging.

Reasoning

Although the market was witnessing great volatility earlier, the current XMR market indicated low volatility. This was highlighted by the convergence of Bollinger Bands. Meanwhile, the signal line which was supporting the price until now was seen moving above the candlesticks.

Whereas the 50 moving average was moving parallel to the candles offering support a little above $225.

Meanwhile, the Relative Strength Index has been noting that irrespective of the volatility in the market, the buying and the selling pressures in the market have remained mostly equal. At the time of writing, the RSI was valued at 52 which meant the buying and the selling pressures were now evened in the market.

Conclusion

A lack of momentum and volatility has maintained XMR’s consolidatory trend. However, the bears were catching up. XMR may have to put to test the support at $225 and if it fails, the value of XMR will drop close to $211.

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Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

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The market is rallying and so are many of the altcoins. Even though Monero is no longer among the major altcoins, it has been witnessing a similar rally as other altcoins. Over the past couple of days, XMR’s value has been surging and at the time of writing, the digital asset was being traded at $232.94.

Monero six-hour chart 

The above chart of Monero showed that the value of the cryptocurrency was surging higher almost every day over the past week. Monero cleared levels of resistances to reach a high value but was currently seen consolidating. The immediate support it currently has is at > value shows a steep rise over the past couple of days. This has put the digital asset in extremely bullish territory. The bullishness has been long extended in the market, however, the price has not yet corrected itself. Currently, as the consolidation continues, the price may witness a selling pressure which may push it under the support at $223.

The relative strength indicator showed that the digital asset has been largely overbought. It has remained in the overbought zone since 9 Feb and the sellers may take over the market if a price correction were to take place.

Meanwhile, the momentum appeared high as the awesome oscillator indicator showing strong, growing, green bars in the Monero market.

Crucial levels

Entry-level: $232.40 Stop-level: $247.38 Take Profit: $207.88 Risk to Reward: 1.64

Conclusion

Monero was currently undergoing a consolidation phase and its price may witness a correction in the coming days. The price may slip under $223 and the traders can take profit at $207. The next level of support for the digital asset was visible at $197.

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Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

Ethereum found support at $1700 and rose higher with $2000 as its target. Aave threatened to drop toward $480 in the coming days, and Monero shot past the $200 mark with $220 the next level of resistance for the bulls to test.

Ether broke out of an ascending triangle pattern a week ago. Its technical target for the breakout is $1950, but it has faced some stiff resistance at the $1800 mark. However, the indicators painted a bullish picture for ETH.

The RSI was above neutral 50 on the 4-hour chart, indicating that the uptrend was still in progress. In the short-term, the second successive rejection at $1800 meant ETH could drop back toward $1700 once more.

However, on longer timeframes, ETH continues to remain bullish.

On the 1-hour chart, AAVE threatened to drop beneath the support highlighted by the Supertrend indicator at $504. Over the past week, AAVE has found resistance near the $540 mark, and although it climbed past this level to touch $581, selling pressure forced the price lower.

Dropping below $500 will likely see AAVE move toward $480, and further bearish pressure could see a retracement down to $420 for AAVE.

The MACD formed a bearish divergence and crossed over beneath the zero line to give a sell signal.

Monero surged past $180 less than a day previously. It had already tested and been rejected from $180 in mid-January when a climb past the level was swiftly reversed and XMR forced to retrace to $130.

The recovery has been steady and genuine demand from buyers has been present, according to the OBV which showed an uptrend. The Awesome Oscillator also showed strong bullish momentum.

For XMR, the next level of significant resistance lies at $220. The breakout beyond $180 had strong trading volume, a sign of market conviction. It is likely that XMR will test $220 over the next few days.

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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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Monero was treading water around the $200-level, with the crypto likely to give way to a wave of selling pressure. Ontology fell under multiple levels of former support over the last few days and could break past one or two more. Finally, Synthetix saw a region of demand flipped to one of supply.

The RSI fell below 50 and tested it as resistance on the hourly chart after XMR’s bulls attempted to keep the price above $200. This could be an uphill battle, especially if Bitcoin continues to drop.

Over the next few days, $220 and $180 are the levels to watch out for. Climbing above $220 would imply that a recovery has begun for XMR, while dropping below its previous local low of $180 would see XMR shed value further.

The Stochastic RSI was recovering from oversold territory over the past few hours. The trading volume rose as the price fell, pointing to the fact that strong bearish market sentiment was still in play.

The Directional Movement Index showed a strong bearish trend was in progress as the ADX (yellow) rose above 20 alongside the -DI (pink). The Awesome Oscillator also underlined southbound market momentum.

The next levels of interest for ONT were the $0.75 and the $0.68-support levels. A sign of some strength from the bears, such as a double top, would be required before any coin can be considered to be on the road to recovery.

On the hourly chart, the fractals were used to give some further importance to the points that formed the descending channel’s boundaries. As can be seen, SNX closed a trading session under the channel and rose to retest the $18-region as one of supply, formerly demand.

Having confirmed this dip, the market’s bears forced the price lower. The next levels of support for SNX lay at $16 and $14, both representing drops of 10% and 21% from where the price was trading, at the time of writing.

The MACD noted strong bearish momentum, as did the 8-period and 20-period exponential moving averages (blue and white respectively).

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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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XRP ceded the crucial $0.3 level of support to the bears and was headed toward the $0.25 level of support. Monero was quite volatile as it saw a strong move upward followed by stronger selling pressure, and appeared likely to test the $150 level of support at the time of writing. Dogecoin’s period of consolidation at $0.01 came to an end in the face of selling pressure and it was headed further south.

$0.3 is a crucial level for XRP. Over the next few days at least, it can be expected to offer resistance to the price. The range between $0.17 and $0.3 has seen XRP move within it for the most part since July 2019.

The mid-point of this range at $0.23, along with $0.25, is the immediate levels of support for XRP.

The ascending triangle pattern did not see XRP move beyond $0.35, and on the 1-hour chart, the MACD showed strong bearish momentum. The drop reversed at $0.25 as buyers stepped in.

The reaction in the $0.295-$0.3 region will be important over the next day or two- a rejection would mean another move to $0.25, while some consolidation there is likely to be followed by a breakout back to the upside.

Monero was extremely volatile over the past two days. The breakout above $150 saw a move to $185, and rejection that retested the $150 level – a 23.8% and 19.4% move respectively.

The price was back within the $150-$164 range. The OBV, after the roller-coaster ride that the past two weeks have been, was back where it was at in late December.

A climb back above the mid-point of the range at $158 would be bullish for XMR, while a trading session close beneath this point would see XMR retest the $150 support and possibly lose it to the bears.

DOGE lost 15% over the past 24 hours and the price moved beneath the 20 SMA (white), after a few days of consolidation around the $0.01 mark.

Further retracement could be in order for DOGE as the RSI slipped below neutral 50 to denote bearish momentum. A retest of the neutral 50 and another drop for the RSI would indicate a short-term downtrend.

The market-wide selling pressure, if at an end, would see BTC and ETH either stabilize and trade within a range, or resume their prior uptrend. Over the next few days, this could positively impact DOGE prices as well.

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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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Most of the cryptocurrency market struggled to register gains on the price charts after Bitcoin fell below the $36,000-mark once again. Following the world’s largest cryptocurrency’s lead, altcoins such as Litecoin, Monero, and DASH flashed red, with the direction of their near-term movement still far from certain.

Litecoin, the world’s sixth-largest cryptocurrency, was trading at $134.7 at press time, with LTC down by $4.3% in the last 24 hours. However, its weekly losses stood at nearly 18% as LTC found itself among the biggest weekly losers among the top 10 coins by market cap.

Clearly, Bitcoin’s correction has had a damaging effect on Litecoin’s price over the last few days. At the time of writing, the support at $132.27 offered some relief to the price and prevented a move lower down the charts.

The MACD suggested that the cryptocurrency’s price could rise in the short-term as a bullish crossover was looking to develop. In such a case, the bulls could target the resistance at $148.80.

The Stochastic RSI also confirmed that the price could be bullish moving forward as the index was pointed upwards towards the overbought region. However, LTC’s movement could largely be determined by the king coin’s direction over the next few days. If BTC falls even lower, LTC could head towards the next support line at $124.5.

Monero’s southbound movement was halted at the support at $157.07 after falling by over 6% in the last 24 hours. While the market’s bulls would be hoping to maintain the press time support level, a broader market plunge could drive XMR towards the next support at $143.34.

The Relative Strength Index was pointing upwards, a sign that momentum could shift towards the buyers. On the other hand, if market leaders BTC and ETH are little changed over the next few sessions, XMR could consolidate within its present channel.

The Parabolic SAR’s dotted markers were above the candlesticks, a sign that the price has been on a downtrend for the past couple of days.

DASH’s road to recovery came to an abrupt end after the broader market dragged the cryptocurrency below the $133.4-mark. Despite the fall, however, its weekly gains stood tall at 37.9% and underlined the buying pressure that lifted the crypto’s price since Bittrex’s delisting announcement.

To counter the latest price drop, the market’s bulls held the price around the support of $115.82 and eyed a move towards the immediate resistance level. If the broader market posts gains moving forward, DASH could topple its upper ceiling and move towards its local high of $159.5.

The Awesome Oscillator underscored the drop from DASH’s local high of $159.54 as the bars were decreasing in length and moving towards the equilibrium mark.

The On Balance Volume registered an uptick and suggested that a move higher on the charts could be backed by healthy buying volumes in the market.

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A business graduate with a keen interest in emerging markets across South East Asia. As a financial journalist, he covered stocks and market reports across Australia and New Zealand as well.

Litecoin, Algorand, VeChain Price Analysis: 20 January

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Ethereum, Monero, DigiByte Price Analysis: 18 January

Ethereum’s resurgence towards the $4,000-mark was accompanied by renewed interest among most alts in the broader market, even though Bitcoin was languishing around $50,000, at the time of writing. Bitcoin Cash, Monero, and Cosmos found support at different levels on their respective charts and targeted a bullish U-turn.

Even though Bitcoin Cash registered losses along with most alts over the past couple of days, the broader market dynamics seemed to shift once again, at the time of writing. With Ethereum eyeing a comeback above $4,000, large-cap alts, including BCH, could see a shift in narrative once again.

On the 4-hour charts, BCH slipped below its 20-SMA (blue) and 50-SMA (yellow), but buying picked up around $1,140. It would be interesting to see if bulls can push the price above its short and mid-term moving averages. The SMAs moved in a resistance area present between $1,460 and $1,317. Reclaiming this zone would allow for a comeback above $1,600.

A bearish divergence was spotted on the RSI after which BCH dropped towards $1,140. Since mid-April, the 44-45 region has acted as resistance/support for the RSI. A rise above this resistance is a positive sign in the market. Conversely, the Squeeze Momentum Indicator noted selling momentum, but the first dark red bar would indicate weakening on the bearish side.

Monero trimmed its losses at a buy zone present between $427.5 and $374.6. This area was supported by the 200-SMA (green) and formed a strong line of defense. A hike above the upper ceiling and the 50-SMA would likely instigate a bullish comeback, but some bearish conditions still persisted in the market.

The MACD, close to a bullish crossover, was well below the half-line and in negative territory. The last time the MACD found itself in such a spot was during the late February broader market correction. The Awesome Oscillator registered a series of green bars as buying pressure was on the rise.

A previous analysis on Cosmos mentioned a reliable support area between $21 and $23. Hence, its movement on the 4-hour chart came as no surprise when buyers stepped in around this level. If buying pressure can boost ATOM above two crucial resistance barriers at $25 and $27.0, a rise above its ATH could be well and truly on the cards. However, this would largely depend on broader market cues and in particular – Ethereum’s movement. In case of further dips, additional support lines lay at $21.1 and further down at $16.7.

A bullish crossover in the MACD lent weight to a favorable outcome, but volumes were not there yet for a sustained rally. The Parabolic SAR’s dotted markers lined up beneath the candlesticks and suggested that ATOM was now on an uptrend.

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A business graduate with a keen interest in emerging markets across South East Asia. As a financial journalist, he covered stocks and market reports across Australia and New Zealand as well.

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The digital asset industry has collectively surged by 18.34 percent over the past couple of days. The total market cap had increased from $283 billion to $335 billion, however at the time of writing it was down to $316 billion. At press time Bitcoin was being traded at $10830 with a 24-hour trading volume of 13.2 billion.

While Bitcoin and Ethereum incurred massive gains, some of the altcoins had relatively lukewarm turnarounds over the past 24-hours.

Cardano [ADA]

One of the top altcoins of the year, Cardano was surprisingly quiet during the current rally. Over the past 24-hours, the asset registered a decline of 2.03 percent. The asset had also surrendered its 6th position to Bitcoin SV as it stood at 7th with a market cap of $3.58 billion. The trading volume recouped over the past day is $685 million.

Bollinger Bands suggested a drop in volatility for the token as MACD suggested that the trend is still bullish for the crypto. However, Chaikin Money Flow or CMF indicated that capital outflows are starting to increase in comparison to capital inflows.

In a recent YouTube AMA, Charles Hoskinson revealed about the status of a number of tenders aimed at making inroads into Africa for the token.

Monero [XMR]

On the other hand, Monero was able to capitalize on the rally with a surge of 5.23 percent over the last 24-hours. With a market cap of $1.43 billion, XMR jumped one position to 15th but its trading volume continued to be disappointing at $129 million/24-hour.

Market indicators suggested a positive trend for the asset. Chaikin Money Flow exhibited inflows of capital, wheres the Relative Strength Index or RSI suggested high buying pressure. However, it is important to note the RSI is on a decline at press time.

Monero’s image in the industry continued to be questioned as Coinbase CEO Brian Armstrong suggested that the exchange won’t list XMR tokens because of its issues with regulators.

Basic Attention Token [BAT]

Lastly, BAT tokens continued to struggle at the 33rd spot despite the positive sentiment in the industry. With a market cap of $368 million, BAT had better trading volume than Monero at $147 million over the past day. However, the asset registered minor sideways movement in the charts, appearing reluctant to take part in the surge.

Bollinger Bands appeared to have converged, indicative of reduced volatility. Parabolic SAR suggested a bullish trend as the dotted lines appeared under the candlesticks. A similar sentiment was witnessed with Relative Strength Index or RSI as buying pressure continued to maintain an upper hand in the charts.

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Biraajmaan is a full-time journalist at AMBCrypto covering the US market. A graduate in Automobile engineering, he writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

Binance Coin, Monero, Dogecoin Price Analysis: 08 December

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Bitcoin, the world’s largest cryptocurrency, seemed to be on a break at the time of writing, with BTC consolidating its position on the charts, rather than attempting to breach its psychological resistance of $12,000. At press time, BTC was trading at $11,694 and noted a 1.47 percent price hike in the past 24-hours.

Such behavior had a ripple effect on the rest of the altcoin market, with some like Tezos and Monero noting differing fortunes. However, that wasn’t the case with Cosmos.

Tezos [XTZ]

Tezos [XTZ] has been one of the market’s best-performing cryptos over the last 6-8 months. However, this reputation gained steam recently after the months of July and August saw XTZ surge in value on the charts. August, especially, has seen Tezos climb incredibly, with XTZ noted to have registered a hike of over 40% over the last week. At the time of writing, corrections were seeping into the market, which is why the last candle on the charts was a red one.

The aforementioned hike in value was also responsible for Tezos hitting its ATH on the charts recently.

The bullishness in the market was highlighted by the crypto’s technical indicators as while the Parabolic SAR’s dotted markers were well below the price candles, the MACD line was surging well over the Signal line.

In other news, the market’s traders seem to be embracing XTZ’s price action, with more XTZ longs open than ever before.

Monero [XMR]

Compared to Tezos, Monero’s price movements were more inconsistent. While the months of July and August did see Monero climb on the charts, the last week has been quite volatile. In fact, XMR fell by almost 9% over the timeframe, before recovering by over 6%. At the time of writing, however, Monero was continuing to trade well over its support levels.

The cryptocurrency’s price-performance was underlined by XMR’s technical indicators as while the mouth of the Bollinger Bands continued to be wide open in a sign of near-term volatility, the Chaikin Money Flow was just under 0.40 and pointed to healthy capital inflows into the market.

While Monero is the market’s foremost privacy coin, cryptos with such niche utilities haven’t had the best time recently with many agencies and governments keen to keep track of their blockchains. Russia’s ‘Transparent Blockchain’ system is just one such example.

Cosmos [ATOM]

Cosmos, the 17th-ranked cryptocurrency in the market, has seen its value appreciate dramatically over the past 10 days, with ATOM one of the industry’s best performers over the period. In fact, unlike Monero and Tezos, its price movement over the last week has been consistently bullish, with ATOM surging by over 50% on the charts. At the time of writing, ATOM was registering YTD gains of over 40%. Further, ATOM did also breach its highest price point in over a year.

ATOM’s indicators highlighted how well the market was doing as while the Awesome Oscillator’s histogram pictured a lot of bullish momentum, the Relative Strength Index was holding firm in the overbought zone.

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Jibin is a news editor at AMBCrypto. With over three years of experience as a political writer, he primarily focuses on the political impact of crypto developments. A graduate in Law and International Relations, his writing is by and large focused on cryptocurrencies from the political and financial perspective. A Liverpool FC fan. YNWA

Tezos, FTX Token, Crypto.com Coin Price Analysis: 9 December

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Bitcoin had formed a symmetrical triangle (white) and broken out of the pattern to the upside. But a bearish divergence was spotted as Bitcoin attempted to head north of $11,600.

Shown in orange, the price made higher highs as the momentum indicator (RSI) made lower highs. This showed that the bullish momentum had lost steam and BTC would be forced to drop.

Bitcoin was forced as low as $11,200 before recovery. The $11,300 and $10,800 are important levels of support for the asset. A break above $11,600 would mean bulls were strong in the market.

Another thing to keep an eye on would be if RSI broke upwards past the descending trendline (orange). This could accompany a BTC move upward.

The uptrend for XMR was still in play. As shown by the Fibonacci Retracement tool, the asset was pulling back to key retracement levels before another move upward. This move could take days or even a couple of weeks to break above $135.

It can be seen that the 38.2% retracement level held well as support. The 50% retracement also coincides with the $115 historic level, reinforcing its strength.

The OBV showed that buying volume was still strong. The white line on the OBV is a level to watch out for. If OBV moved beneath this line, it would indicate that buyers were losing their grip on the market. It could presage a move for XMR beneath $115 support.

In other news, XMR market cap at $2.1 billion was a two-year high, after September 2018’s $2.25 billion.

The 20 period VWMA (green- volume weighted moving average) snaked beneath the 20 period SMA (white), showing that there was momentum in the past few hours for DOGE to the downside.

The MACD was still showing a strong sell signal, but a bullish crossover beneath the zero line might occur if DOGE bounced off support at $0.00258.

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Chainlink, EOS, VeChain Price Analysis: 16 October

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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