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.

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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.

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Disclose. None. 10 Best Cryptocurrency Startups to Watch is originally published on Insider Monkey.

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. 

Even though the likes of Bitcoin and Ethereum were trading in the green at press time, they were yet to recapture their ATH levels from a few days ago. While Bitcoin was valued at close to $47,000, ETH was just shy of the $1,500-mark. Following the same, many of the market’s altcoins entered a state of consolidation while awaiting stronger cues from the broader market.

Such was the case with EOS, NEO, and DGB, with each of these cryptos trading within a fixed channel at the time of writing.

EOS

EOS’s price chart pictured some choppy movement, with the price trading within the range of $3.8 -$3.46, at press time. The Awesome Oscillator showed that momentum was fluctuating from one side to the other, but lay with the buyers at the time of writing. However, a break above the upper ceiling looked unlikely, considering low trading volumes and muted buying activity.

The Bollinger Bands were compressed and underlined the low volatility in the market. Even so, the bands should be observed over the next few sessions since an increase in volatility can lead to sharp movements in price.

Neo [NEO]

Neo cut its losses at the $25.27-support after the price dropped by over 30% following the broader market correction. While some positive movement was seen on its 4-hour chart at the aforementioned support level, the price moved lower once again after the bulls failed to flip the $42.5-resistance. Shorter candlesticks over the last few trading sessions indicated that the price had entered a period of consolidation.

The On Balance Volume moved in tandem with the price, showing that the trend is likely to carry forward as well. Even a bullish crossover in the MACD might not fuel a northbound breakout considering the weakness in the price.

DigiByte [DGB]

At press time, DigiByte was trading at $0.054, up by nearly 6% in the last 24 hours. Even though the state of its overall market was quite similar to its counterparts EOS and NEO, the indicators sided with the buyers in the short-term.

The Stochastic RSI moved north and the Awesome Oscillator’s green bars moved towards the half-line. A move above the press time resistance level would present the next ceiling at $0.072. Traders awaiting the breakout should keep an eye out for a spike in the 24-hour trading volume.

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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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After Bitcoin managed to claw itself back to the $34,000-level, the altcoin market posted slight gains on its charts. Similarly, altcoins such as EOS, NEO, and DOT were flashing green, at press time, as the market’s buyers alleviated some of the losses made over the past 24 hours.

However, there was uncertainty in the market as all three altcoins gave mixed signals and did not provide a definitive position moving forward.

Panic selling over the past couple of days dragged EOS lower by over 30% before the market’s bulls finally cushioned the price at the $2.49-support level. However, EOS came in contact with a strong support level at $2.76 and the price moved slightly lower once again. The ongoing battle for control between the buyers and sellers could continue and the price could trade within its present channel over the next few trading sessions

The MACD showed that bearishness was decreasing in the market as the red bars fell in length below the equilibrium mark. A bullish crossover could boost the price beyond its current resistance at $2.76.

On the other hand, the Chaikin Money Flow stabilized below zero and showed subdued inflows of capital towards EOS. Consolidation between EOS’s press time channel seemed likely, unless capital pours back into the cryptocurrency.

Polkadot’s downward spiral halted at $7.52 as the buyers provided some relief to prices. For now, its movement was rather unclear as the price traded between $7.52 and $8.81 and did not show any signs of a breakout in any direction.

The cryptocurrency’s price traded on the lower band of the Bollinger Bands and moved towards the Signal line. However, bullish bounceback was not a certainty as the price could remain between the Signal line and the lower band unless a broader market rally pushes DOT towards the upper band.

The Stochastic RSI was slightly more decisive in proving a path forward for DOT as the index eyed a move in the overbought region. If the index does reach the upper territory, immediate resistance could be breached and the price could test the next ceiling at $8.81.

NEO fell towards its immediate support at $21.28 after failing to scale above the $24.96-mark. In the short term, the momentum could rest with the sellers as the indicators were largely bearish on NEO.

The Relative Strength Index was dipping towards the neutral zone. The immediate support level could be in danger of being breached if the index shoots towards the oversold zone in the near future.

The Parabolic SAR’s dotted markers were above the candlesticks and confirmed the bearish nature of the price.

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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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With Bitcoin crossing the $37,000-mark a few hours before press time, many of the market’s altcoins recorded substantial spikes in their trading price. This was the case for popular alts like Litecoin, Ethereum Classic, and NEO, with hikes of up to 20% observed on the price charts.

Litecoin [LTC]

Litecoin’s price rose by close to 5 percent in 24 hours, with the crypto trading at $169.9, at press time, after having registered a market cap of around $11.3 billion. While there has been significant bullish momentum behind the coin’s price, the cryptocurrency was coming in contact with strong resistance around the $173-price range. However, if the bulls were to fail, then LTC’s price may need to rely on nearby supports at $147 and $135.

The EMA ribbons seemed likely to help the coin’s price since they had settled below its press time trading price and were likely to offer support. The MACD indicator also looked promising after having undergone a bullish crossover.

Ethereum Classic [ETC]

Ethereum Classic has also been able to see its price appreciate by over 6 percent in 24 hours. The coin, at press time, was trading at $7.64 with a market cap of $893 million. The uptrend on the cryptocurrency’s chart came in contact with the resistance level at $7.7 and seemed to be on the verge of breaching it. However, there were also strong supports at $6.8 and $6.3, if a trend reversal were to take place.

The MACD indicator saw the Signal line go past the MACD line, forming a bullish crossover, while the RSI indicator remained well inside the overbought zone – a common sign of bullish momentum for the d>NEO registered a significant price hike on the charts, but it soon came in contact with a strong resistance level. At press time, NEO had a trading price of $20.1 and it was trying to breach its immediate resistance level again. However, if NEO is unable to propel itself above this level of resistance and endures a minor price correction, then, the support level at $18 may be extremely crucial in stabilizing the coin’s price.

The Bollinger Bands continued to remain quite wide, signaling the presence of substantial amounts of volatility in the price. Further, the RSI indicator was heading into the overbought zone, strengthening the chances of the price continuing to move north.

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Bitcoin Cash eyed a move above the $548.7-resistance level, but it awaited a stronger buying presence for an upwards breakout. Neo noted solid bullish sentiment on its advance towards the 50% Fibonacci retracement level. Finally, Maker seemed largely unaffected by broader market cues and was trading below its immediate resistance, at the time of writing.

Deep corrections in Bitcoin Cash’s market in 2021 led to the discovery of strong support levels along the way. A pullback in late January found solid support at the $370-price level, while the correction in late February was cushioned around the $442.21-mark. Both the aforementioned levels also pumped a bullish bounce back on the charts, with the former support responsible for BCH’s rise towards a local high of above $770.

The On Balance Volume rose steadily and showed an influx of buyers at the $370-support, but it remained flat at the other support level at $442.21. At the time of writing, BCH had taken advantage of a broader market rally and was targeting a hike above its press time resistance. The Awesome Oscillator registered rising momentum on the bullish side.

Consecutive green candlesticks on Neo’s 4-hour chart underlined the bullish sentiment in the market as the price was pictured above the 38.2% Fibonacci retracement level. The RSI rose sharply and entered the overbought region, at press time. The MACD line gained some distance on the Signal line, while the histogram noted rising bullish momentum.

All these signals backed NEO to break above the 50% level as well. However, the RSI should be observed over the coming sessions as it pointed to a saturation of buyers in the market. If the index reverses direction, the bears could retake the 38.2% level once again.

The ADX Indicator on Maker pointed south from around the 10-mark and failed to register positive cues from the broader crypto-market. The same was evident on the On Balance Volume which moved flat as buying pressure remained muted at the time of writing. The scarcity of interest in the MKR market presented an uphill task for the bulls, especially since the price remained below the 200-SMA (green).

For MKR, a hike above its press time resistance seemed unlikely in the short-term and consolidation could continue over the coming sessions.

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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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Losses posted by the likes of Bitcoin and Ethereum have wiped out almost $150 billion of the entire crypto-market in the last 24 hours alone. While the King coin fell below the $50k price range, ETH declined below the $1,500 mark. Needless to say, at the time of writing, the effects were felt around the altcoin industry, with the same red blinking.

Altcoins such as Tron, Neo, and Ethereum Classic have lost ground, with several support levels waiting for bullish signals to ease recent losses.

Ethereum Classic followed the wider market trend and pushed south as bears retained price power. The On Balance Amount fell on the charts after the $17-mark was touched by ETC. While the Stochastic RSI traded in the lower sector, a bullish comeback may be delayed due to the current state of the altcoin market.

Help lines at $9.5 and $7.7 might provide some relief if the sale continues over the next few sessions. Conversely, the $12.8-resistance must be reversed to accept a bullish reversal of the crypto-asset.

Like his counterpart Tron, Neo slipped below multiple support thresholds at the time of publishing, as daily losses amounted to almost 30%. The next level of funding was $31.8, the same level as the 200-SMA (green).

The Amazing Oscillator moved below zero because momentum was high on the sales side. The Bollinger Bands had a high price variance as the candlesticks travelled along the lower band. Reversing the press time could see Neo move closer to the $40 mark, but earnings will largely rely on bullish cues from the broader market to move forwards.

At press time, Tron advanced deeper into the Red Territory, having lowered its price by almost 20% in the last 24 hours.

RSI dropped gradually from the $0.062 price level and found itself in the oversold sector. The MACD line moved far below the signal line, while the histogram detected a rise in bearish momentum. In the event of a prolonged fall, the next line of protection at $0.036 may be checked. Reverse from this point onwards, the TRX scale will see its $0.05-resistance level.

XTZ formed a descending triangle, although its breakout direction wasn’t confirmed yet. The OBV formed a series of higher lows to underline rising buying volume.

This was an indication that the breakout can head north, although a dip to $2.2 was still possible before a move towards the resistance level at $2.56. A more conservative target for the breakout would be $2.45.

A close below $2.1 would indicate that bulls were losing traction and the notion of a bullish breakout would be invalidated.

NEO formed an Adam and Adam double top, with the left peak seeing considerably more trading volume than the right. However, despite a close under the valley floor, the price still reversed itself and recorded a weak bounce upwards.

This can be attributed to Bitcoin and Ethereum’s positive performance in the market at the same time, which likely influenced NEO’s movement.

In fact, there was very little rise before the double top for NEO to actually reverse into.

Finally, the RSI showed neutral momentum at the time of writing, but it was wading into bearish territory after testing the 50-zone as resistance, indicating that a downtrend was in progress. Barring any strong Bitcoin movement in the next few days, it seemed likely that NEO would descend to test the $16.6-support level.

The idea of an inverted cup and handle formed by AAVE a week ago was quickly invalidated by the strong gains it posted above the $60-level. It was trading at $87, at the time of writing, an impressive 44% gain in the span of six days.

AAVE was trading within an ascending channel, and the price tested the lower boundary of the channel as support. The MACD was well above the zero, but formed a bearish crossover.

A close below the channel could see AAVE revisit the $74-support level.

News of the Aave Protocol V2 launch a few days ago saw the prices surge, and the bulls might be able to drive the prices higher with the $100-region being a possibility.

How Bitcoin’s active supply hit both an ATH and an ATL

Ripple exec recommends Barbell Strategy for portfolio allocations

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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This article was originally posted on Ethereum World News - an independent news provider covereing Ethereum, Bitcoin, Ripple, Litecoin dApps, start-off ICO’s and the whole Blockchain Ecosystem. For more follow the link below. Neo price formed a solid support near $30.00 and moved higher against the US Dollar. NEO/USD has to clear the $34.40 resistance to recover further. Key Talking Points There was a strong buying interest noted above the $30.00 level in Neo price from against the US Dollar. The NEO/USD pair started an upside move and traded above the $32.00 and $32.50 resistance levels. The chart suggests that the price gained momentum after it formed a low at $30.31. It broke the 23.6% Fib retracement level of the last drop from the $41.07 high to $30.31 low. Additionally, there was a break above a crucial bearish trend line with resistance at $32.80 on the 2-hours chart of the NEO/USD pair. However, the pair is now approaching another resistance near the $34.40 level. There is another key bearish trend line in place with resistance at $34.40 on the same chart. The same trend line is positioned with the 100 simple moving average (2-hours) and $34.50. Moreover, the 38.2% Fib retracement level of the last drop from the $41.07 high to $30.31 low is also at $34.40. Therefore, a successful break above the $34.40 resistance may perhaps open the doors for more gains in the near term. The next hurdle for buyers is near $35.00, above which, there are chances of solid gains towards the $40.00 level. On the flip side, if neo buyers fail to push the price above the $34.40 level, there could be a downside reaction. On the downside, the previous resistance near $32.00 may well act as a support, followed by the all-important $30.00 handle. Overall, the price action suggests more gains in neo price if it succeeds in clearing the $34.40 resistance. The market data is provided by TradingView. The post Neo Price Analysis: Can NEO/USD Break This? appeared first on Ethereum World News. To read more from Ethereum World News follow this link.

Why will NEO succeed? Reasons for why will NEO go up and rise in price are also worth mentioning.It is led by a relatively reputable City of Zion and NEO Foundation and personas that paint a professional picture in public. There are regular events, hackathons, communication with holders is good, community management is also good, dapps ecosystem is growing with couple of them already building up a solid name for themselves (Travala, Switcheo etc).All of this indicates that NEO has a solid team behind the project that has a really steep mountain in front of itself that needs to be conquered. Holding NEO in 2019 and beyond is a high risk but even higher reward situation. So, if your investing profile mixes well with this type of asset, NEO and your portfolio would fit like a hand and glove.Will NEO reach $100 or $1000 or at least its previous all time high? Every option is a possibility but with different probability of happening. Should bitcoin enter a bull run similar to the one from 2017, NEO can surely climb up to its previous all time high, easily surpassing the $100 mark. Reaching $1000 is a much tougher mountain to surmount and is a far-fetched possibility.Is NEO dead? No, judging by the team activity on social media, github, their own website. Their communities on Reddit and Telegram are also active, although much lower engagement levels are noticeable when compared to 2017. Coin is also still listed on all major exchanges which indicates that NEO is far from a dead project.All of this summed up means one thing: NEO might live through couple of orchestrated and, for a regular trader, completely unpredictable pumps but the majority of time will be murky sideways trading with small volume and no significant interest from the market.Price will heavily depend on what BTC will do and since many analysts think BTC will not be making big moves in this year, it is hard to expect NEO will do them either. The price will probably stagnate and record slow-moving depreciation or appreciation depending on the team activity, potential technological breakthrough or high-level partnership.Market prediction for Neo NEO Price 2019 With the market being completely unpredictable, forecasting the cryptocurrency price is really more of a gamble and luck rather than a data driven guesstimate.Lets throw a glance at the eminent publications and personalities, and their predictions regarding the NEO price, which will give us another point of view to consider:CryptoGround Cryptoground.com is cryptocurrecy prediction algorithm that is moderately to overly bullish on most of coins, similarly on NEO token as well. They forecast NEO to climb up to $30 per token by EOY, which means a 3x increase in comparison to the current price.Wallet Investor Walletinvestor is a popular website that does technical analysis-based price predictions of various cryptocurrencies and traditionally has a skeptical outlook for most coins, but especially for NEO. According to them, NEO is expected to sink by more than 4x from the current $9.37 to $2.27 by the end of the year.Trading Beasts Trading beasts is on a diametrically opposite side of Walletinvestor and sees a much more bullish future for Neo token. Their algo forecasts that NEO can ascend to around $25 within a year which means it will essentially grow 2.5x in value in the next year.Digitalcoinprice Another crypto prediction algorithm that is most conservative in its approach of the 4 we enumerated here DCP usually predicts price to hover around the same level as the current state, forecasting a twofold increase or reduction for certain coins. NEO is on the bullish side of their algo that sees it reaching $18 per coin by December 2019.Neo Coin Future: 2020, 2023, 2025 NEO Price Prediction 2020 NEO has been one of the most hyped crypto projects that was a true media darling even during the peak of 2017 crypto frenzy that spawned thousands of new coins. However, despite the big hype built behind it, there is a shroud of doubt around the tokens viability and general competence of NEO team to pull off the laid out plan. Long-term NEO seems to be a risky investment and price in 2020 might float around the same level as now $9.37.NEO Price Prediction 2023 If NEO survives to see 2023, the token would surely be at 10-100x of the current value which means it would be at $90 $900 per token.NEO Price Prediction 2025 Again, should NEO survive to see 2025, the token would surely be at 100x+ of the current value which means it would be at $900+ per token.Realistic NEO Price Prediction Predicting prices of novel, highly volatile and risky asset classes is a thankless task best answer is no one knows. Educated guess is that realistic NEO price for the foreseeable future is somewhere between its current price and its all time high of $160.Conclusion We dont yet know which crypocurrencies will make it out of the crypto winter were wandering in right now. There are plenty of coins that stand a good chance of weathering the crypto storm and perhaps becoming more relevant as the market contracts and devours some of the weaker projects. However, there are even more of those projects who are already dead but no one noticed yet.But, looking at things from this point in time and place, its reasonable to say that Neo had its five minutes of glory that was based on nothing but hype. It is now time for NEO to step up and actually deliver something valuable and palpable to justify the past and possible future hypes. News Source Continue ReadingThe crypto market has begun the month with a slight volatile movement as the major coins were affected at first but soon an upward movement was experienced in the market. Amidst the fluctuations, the upsurge was quite a surprise and many traders took it as an indication of the price rally.NEO price trend is seen moving with a moderate pace. The last fall and recent volatility have affected the coin at large. The price is diminishing, and we are anticipating that the intraday movement might bring marginal losses to the traders. To understand the movement more precisely, lets have a look at the price chart.NEO to USD Price Analysis: Yesterday, the price started soaring from the beginning of the day dated October 14 and the counters changed from $7.31 to $7.35 by 1.30%. There was a slight drop in the price, but it soon picked up again and went to $7.44 by 2.09%. The price kept hovering at the same level for some time. Before closing, the price touched $7.60 from $7.37 by 2.99% and the day closed with an upsurge of 3.93%.Today, NEO started with a fall and the counters shifted from $7.59 to $7.51 marking a regression of 1.02%. However, there was a slight recovery, which could not be sustained and as a result the price shifted from $7.59 to $7.46 having a regression of 1.80%.If we look at MACD histogram, then the signal line seems to cross the MACD line and moving up but remains below zero.With the market cap of $527,978,633, NEO is currently trading at $7.48 holding the immediate resistance level at $7.54. Heres the support and resistance level chart for NEO.The traders are recommended to opt for long-term investment as the same would fetch them a colossal profit.Source.cryptonewsz. Continue ReadingNEO price indicates an uptrend in the intraday trading.The movement in the price points towards a prosperous future.NEO price is reflecting a slight uptrend at the moment as the price is marked at $7.35 during the time of penning the article. The market performance is quite volatile, fluctuation started in the trading price from the beginning of the month. We have stepped in the last quarter of the year and all the eyes are on the movement of the coin as it is the last opportunity to mark recovery from previous quarters loss. NEO is likely to give flourishing result in the future.NEO Price Analysis: In the month of September, NEO started trading around $8.8 and the price kept moving around the same level for some time. There was a sudden hike which took NEO to trade around $18.89. Later, it returned to $8.74 and started trading with an escalation of 18.84% at $10.38. Further, NEO recorded a fall in the price that brought it down to $7.20 by 30.25% and the month closed around $7.85 with a loss of 11.37%. The ongoing month started at $7.85. There was fall marked but soon, it touched $7.80 again. The current price is noted as $7.35.With the market cap of $521,484,677, the currency is moving on the path of breaking the resistance level at $7.51. The 24hr volume is at $241,009,834. Yesterday, the volume was noted as $263,183,654. The increase in the counters is a clear indication that the price would escalate soon. The movement in NEO has always remained moderate. However, the expected momentum would help the traders earn a colossal profit.The resistance level 1 is at $7.51, the next resistance is created at $7.72 and resistance level 3 is formed at $7.82. If the price doesnt fall into place, then it would be supported at $7.2, or further at $7.1 or next at $6.89.NEO is recommended for long-term traders. The specified period is anticipated to give a noticable result.Source.cryptonewsz. Continue Reading