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BITCOIN slumped slightly following an error by a data provider run by Wall Street big-hitters, which showed a 90 per cent plunge in Bitcoin.

Pyth, which provides financial data to a number of major investment firms, confirmed in a tweet on Monday that a glitch was behind the issue.

The blunder did not turn up on other platforms, meaning only Plyth customers were affected.

It's hard to tell if the glitch had an impact on Bitcoin's market price, or whether it impacted investors.

As of Thursday, Bitcoin's value was sitting at around $43,000.

CoinBase may soon eclipse Bitcoin in the crypto space.

"Coinbase brings a different level of credibility to the space, being the only publicly listed company in the cryptocurrency industry," AMBCrypto reported.

Read our cryptocurrency live blog for the latest news and updates...

: Significant price volatility in cryptoassets, combined with the inherent difficulties of valuing cryptoassets reliably, places consumers at a high risk of losses.Product complexity: The complexity of some products and services relating to cryptoassets can make it hard for consumers to understand the risks. There is no guarantee that cryptoassets can be converted back into cash. Converting a cryptoasset back to cash depends on demand and supply existing in the market. Charges and fees: Consumers should consider the impact of fees and charges on their investment which may be more than those for regulated investment products.  Marketing materials: Firms may overstate the returns of products or understate the risks involved.

Cardano is currently trading at $2.24 following a magnificent 17.63% bounce from its weekly low of $1.91.

The polarising cryptocurrency, which is the third largest in terms of market cap, recently launched its highly-anticipated smart contracts platform that will pave the way for DeFi development.

However, the positive sentiment surrounding the upgrade rapidly subsided as traders capitalised on the “buy the rumour, sell the news” thesis, with price subsequently plunging by more than 30%.

This typically happens with most major news events as hype builds into the event before deleveraging punishes those that bought at the top. A good example of this was when Coinbase went live on Nasdaq the day of Bitcoin’s all-time high at $65,000.

ADAUSD chart by TradingView

In Cardano’s case, whilst this week’s recovery has shown signs of strength, it remains stuck at a number of road blocks from a technical perspective.

The daily 50 exponential moving average became a key point of support since it surged above it on August 1. The most recent sell-off saw Cardano slump below that key moving average, with it now beginning to act as a bitter level of support.

If ADA can close a daily candle above the 50EMA at $2.28, it will likely float back to the top of the range at around $2.65.

A rejection from this level would signal a clear downtrend with downside price targets beginning to emerge as low as $1.55 and $1.39.

Cardano pricing

Current live ADA pricing information and interactive charts are available on our site 24 hours a day. The ticker bar at the bottom of every page on our site has the latest Cardano price. Pricing is also available in a range of different currency equivalents:

US Dollar – ADAtoUSD

British Pound Sterling – ADAtoGBP

Japanese Yen – ADAtoJPY

Euro – ADAtoEUR

Australian Dollar – ADAtoAUD

Russian Rouble – ADAtoRUB

Bitcoin – ADAtoBTC

About Cardano

Cardano claims to have tried to change the way cryptocurrencies are designed and developed, balancing the best of the functionality of several cryptocurrencies into one coin. The project began in 2015, the work of a global team of scientists and academics. ADA was released in September 2017.

Cardano is one of the largest cryptocurrencies and is one of The Top 10 Cryptocurrencies by market capitalisation.

More Cardano news & information

If you want to find out more information about Cardano or cryptocurrencies in general, then use the search box at the top of this page. Here’s the latest Cardano article to get you started:

Cardano 1.4 update unveiled By Paul Hindle – September 23, 2021

As with any investment, it pays to do some homework before you part with your money. The prices of cryptocurrencies are volatile and go up and down quickly. This page is not recommending a particular currency or whether you should invest or not.

Key Support Levels: $2770, $2720, $2600. Key Resistance Levels: $3000, $3200, $3290.

Ethereum is now down a steep 15% on the week as it plummeted beneath $3000. The coin started the week off by falling beneath a rising trend line and the 50-day MA. The trend line also formed the neck of a head and shoulders pattern that could send it as low as $2400.

Since breaking the 50-day MA, ETH continued to decrease until it hit yesterday’s low at $2656. From there, the bulls regrouped to close the candle at $2770, which is support provided by a .786 Fib. It bounced from there today as it battles to stay above $2900.

ETH-USD Short Term Price Prediction

Looking ahead, the first strong support lies at $2770 (.786 Fib). This is followed by $2720 (100-day MA), $2600 (200-day MA), and $2420 (downside 1.618 Fib Extension).

On the other side, the first resistance lies at $3000. This is followed by $3200, $3290 (50-day MA), $3350, and $3400 (20-day MA).

The RSI is beneath the midline, indicating the bears are in control of the market momentum.

ETH/BTC – ETH Falls Into July Highs

Key Support Levels: 0.068 BTC, 0.0667 BTC, 0.066 BTC. Key Resistance Levels: 0.07 BTC, 0.071 BTC, 0.0733 BTC.

ETH also continues to decrease against BTC. On Sunday, the coin fell beneath support at 0.0711 BTC (.382 Fib) to meet 0.07 BTC (50-day MA). It continued below the 50-day MA on Monday to hit 0.0691 BTC.

Yesterday, ETH plummeted beneath 0.069 BTC to reach as low as 0.067 BTC. By the end of the day, the bulls managed to close the daily candle at 0.068 BTC. Today, ETH rebounded and is now above 0.069 BTC.

ETH-BTC Short Term Price Prediction

Moving forward, the first strong resistance lies at 0.07 BTC. This is followed by 0.071 BTC (50-day MA), 0.0733 BTC (August highs), and 0.0765 BTC (bearish .786 Fib).

On the other side, the first support lies at 0.068 BTC (rising trend line). This is followed by 0.0667 BTC (downside 1.272 Fib Extension), 0.066 BTC (.618 Fib), and 0.064 BTC.

The RSI is also beneath the midline here, indicating bearish momentum is control.

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Bitcoin’s (BTC) recovery is facing stiff resistance near $48,500, indicating that bears are active at higher levels. 

By combining the popular stock-to-flow Bitcoin price model and the illiquid supply data, analyst William Clemente projects $39,000 to act as a strong floor on any declines.

On the upside, analysts remain bullish. Bloomberg Intelligence chief analyst Mike McGlone has maintained his target of $100,000 for Bitcoin. McGlone said that a number of different charts underline the bullish potential for Bitcoin.

Along with Bitcoin, Ether (ETH) is also showing signs of accumulation. Crypto analytics provider IntoTheBlock said $1.2 billion worth of Ether was withdrawn within a 24-hour period from centralized exchanges on Sept. 16. After a similar occurrence in April, Ether had rallied about 60% in 30 days.

Could the top two cryptocurrencies live up to their bullish projections or will crypto markets surprise to the downside? Let’s study the charts of the top 10 cryptocurrencies to find out.

BTC/USDT

The bulls are attempting to sustain Bitcoin above the 20-day exponential moving average (EMA) ($47,291) while bears are trying to pull the price below it. The 20-day EMA has flattened out and the relative strength index (RSI) is close to the midpoint, suggesting a range-bound action in the short term.

If bears sink the price below the moving averages, the BTC/USDT pair could drop to the critical support at $42,451.67. A rebound off this level will indicate that bulls are accumulating on dips. That may extend the consolidation between $42,451.67 and $52,920 for a few more days.

On the contrary, if the price rebounds off the current level or the 50-day simple moving average (SMA)  ($46,256), the bulls will try to push the pair to $50,500 and then to $52,920. The bears are likely to defend this resistance zone aggressively.

The next major trending move is likely to begin after bulls drive the price above $52,920 or if bears pull the price below $42,451.67.

ETH/USDT

Ether’s (ETH) recovery is facing stiff resistance at the 61.8% Fibonacci retracement level at $3,637.14, indicating selling at higher levels. The bears are attempting to sink the price back below the support at $3,377.89.

If they succeed, the ETH/USDT could drop to the 50-day SMA ($3,238) and then to the critical support at $3,000. Such a move may result in the formation of a head and shoulder pattern, which will complete on a break and close below $3,000.

This negative view will invalidate if the price rebounds off the support at $3,377.89 or the 50-day SMA and breaks above $3,676.28. The pair could then retest the local high at $4,027.88.

The flattish 20-day EMA and the RSI just above the midpoint do not indicate a clear advantage either to the bulls or the bears.

ADA/USDT

Cardano (ADA) turned down from the 20-day EMA ($2.52) on Sept. 16, suggesting that bears are selling on rallies to this resistance. The bears are currently attempting to pull the price to the 50-day SMA ($2.25).

The downsloping 20-day EMA and the RSI in the negative zone suggest that bears are in command. If the price sustains below the 50-day SMA, the ADA/USDT pair could drop to the next support at $1.94.

Such a deep correction will suggest that a short-term top has been made. If bulls want to salvage the uptrend, they will have to push and sustain the price above the 20-day EMA. If they do that, the pair could once again rally to $2.80 and then to $2.97.

BNB/USDT

The bulls failed to push Binance Coin (BNB) above the 20-day EMA ($432) in the past two days, indicating that buying dries up at higher levels. This may have attracted profit-booking from short-term traders who bought at lower levels, anticipating a resumption of the up-move.

The 20-day EMA is sloping down and the RSI turned down from the midpoint, suggesting advantage to the sellers. If the price sustains below the 50-day SMA, the BNB/USDT pair could drop to the next major support at $340.

This negative view will be invalidated if the bulls push and sustain the price above the 20-day EMA. Such a move will suggest that the bulls have absorbed the supply. The pair could then rise to the overhead resistance at $518.90.

XRP/USDT

Ripple (XRP) turned down from the 20-day EMA ($1.12) on Sept. 16, indicating that bears are defending this level aggressively. The downsloping 20-day EMA and the RSI in the negative zone suggest that the path of least resistance is to the downside.

If bears sustain the price below the 50-day SMA, the XRP/USDT pair could retest the Sept. 7 intraday low at $0.95. A break and close below this support will open the doors for a deeper correction to $0.75.

If the price rebounds off the current level or from $0.95, the bulls will again try to push the price above the 20-day EMA. If they succeed, it will suggest that the correction could be over. The pair may then start its northward march toward $1.35.

SOL/USDT

Solana’s (SOL) bounce off the 20-day EMA ($145) on Sept. 14 fizzled out at $166.50 as bears continued to pounce on relief rallies. The price has slipped below the 20-day EMA today, indicating weakness.

The flattening 20-day EMA and the RSI just above the midpoint suggest that bulls have lost their grip. If bears sustain the price below the 20-day EMA, the SOL/USDT pair could decline to the 61.8% Fibonacci retracement level at $123.42.

This is an important support to watch out for because if it cracks, the pair could plunge to psychological support at $100.

Conversely, if the price turns up from the current level or rebounds off $123.42, the bulls will try to resume the uptrend. The up-move could face stiff resistance near $170 and then at $200.

DOT/USDT

Polkadot (DOT) turned down from the resistance line on Sept. 15 and dropped close to the 20-day EMA ($32.04) on Sept.. This is an important level for the bulls to defend because a break below it could pull the price down to the 50-day SMA ($26.36).

Although the moving averages are sloping up, the negative divergence on the RSI warns that the bullish momentum could be slowing down. A break and close below the 50-day SMA could suggest the start of a deeper correction.

Contrary to this assumption, if the price rebounds off the 20-day EMA, the bulls will again try to propel the DOT/USDT pair above the resistance line. If they manage to do that, the pair could pick up momentum and rally to $41.40 and then retest the all-time high at $49.78.

Related: Next stop $85K for Bitcoin as analysts predict ‘explosive’ Q4 for BTC price action

DOGE/USDT

Although Dogecoin (DOGE) has been trading below the moving averages for the past few days, the bears have not been able to sink the price to the immediate support at $0.21. This suggests a lack of sellers at lower levels.

The bulls attempted to push the price above the moving averages today but the bears are in no mood to relent. The downsloping 20-day EMA ($0.26) and the RSI below 42 indicate that sellers have the upper hand.

If bears sink the price below $0.21, the DOGE/USDT pair could extend the decline to $0.15. Alternatively, if bulls drive the price above the moving averages, the pair could rise to the downtrend line.

A break and close above this resistance will be the first sign that the correction may be over. The pair could then start its journey toward the overhead resistance at $0.45.

UNI/USDT

Uniswap (UNI) surged above the moving averages on Sept. 15 but the bulls could not push the price above the downtrend line, which may have attracted profit-booking by the short-term bulls and shorting by the aggressive bears.

The flat 20-day EMA ($25.72) and the RSI just below 50 indicate a marginal advantage to the bears. If the price sustains below $25, the bears will try to pull the UNI/USDT pair to $23.50 and then to $21. If this support cracks, it will indicate the start of a deeper correction.

On the contrary, if the price rebounds off the current level or $23.50, the bulls will again try to drive the price above the downtrend line. If they succeed, the pair could move up to the overhead resistance at $31.41.

LUNA/USDT

Terra protocol’s LUNA token rose to $39.77 on Sept. 16 but could not sustain the higher levels as seen from the long wick on the day’s candlestick. This suggests that traders may be closing their long positions on rallies.

The bears will now try to seize the opportunity and sink the price below the 20-day exponential moving average ($33.97). If they manage to do that, the LUNA/USDT pair could decline to the 50-day SMA ($26.26).

Alternatively, if the price again rebounds off the 20-day EMA, the pair could rise to $40 and remain range-bound between these two levels for a few more days. A breakout and close above $40 could open the doors for a retest of the all-time high at $45.01.

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

Market data is provided by HitBTC exchange.

The crypto markets and the U.S. equity markets sold off on Sept. 20 on fears that the collapse of Chinese property giant Evergrande could not only hurt China but also have wider implications in other markets.

When the sentiment is bearish, traders dump positions that they perceive as risky in favor of safe-haven trades. This could be one of the reasons for the sharp fall in Bitcoin (BTC) and most major altcoins on Sept. 20.

Data from Bybt shows that Bitcoin held in Binance wallets has surged by 29,717 Bitcoin in the past 30 days. History suggests that an increase in the Bitcoin balance on Binance has resulted in a drop in Bitcoin’s price.

The Bitcoin balance on Binance rose from 99,700 BTC on April 20 to 347,590 BTC on June 26. During this period, Bitcoin’s price plunged from about $57,000 to roughly $30,000.

Now the question is, could the sell-off deepen or will lower levels attract aggressive buying from traders? Let’s analyze the charts of the top 10 cryptocurrencies to find out.

BTC/USDT

Bitcoin’s selling exacerbated after bears pulled the price below the moving averages. The price action of the past few days has formed a head and shoulders pattern that will complete on a breakdown and close below the neckline.

The moving averages are on the verge of a bearish crossover and the relative strength index (RSI) has dropped below 41, indicating that bears are in control. If the price sustains below the neckline, the BTC/USDT pair could drop to $37,332.70 and then to the pattern target of $32,423.05.

Contrary to this assumption, if the price rebounds off the neckline, the bulls will again try to push the price toward $50,000. However, the bears are likely to defend the 20-day exponential moving average (EMA) ($47,014) aggressively.

If the price turns down from this resistance, it will indicate that sentiment has turned negative and traders are selling on rallies. The first sign of strength will be a break and close above $48,843.20.

ETH/USDT

Ether (ETH) bounced off the support at $3,377.89 on Sept. 18, but the bulls could not sustain the price above the 20-day EMA ($3,402). This indicates that traders closed positions at higher levels.

If the price breaks and closes below $3,000, the ETH/USDT pair will complete a bearish head and shoulders pattern. The target objective of this setup is $1,972.12.

The 20-day EMA has started to turn down and the RSI is below 42, indicating that the path of least resistance is to the downside.

On the contrary, if bulls defend the $3,000 level aggressively, the pair could again rise toward the overhead resistance at $3,377.89. The bears are likely to defend this level but if bulls overcome this resistance, it will signal that the correction may be over.

ADA/USDT

The bulls defended the 50-day simple moving average (SMA) ($2.31) on Sept. 18 but could not build on the rebound. Sustained selling pulled Cardano (ADA) below the 50-day SMA on Sept. 19.

The selling escalated on Sept. 20 and the ADA/USDT pair plunged to critical support at $1.94. The strong rebound off this level suggests that bulls are accumulating on dips.

If buyers sustain the bounce, the pair could gradually move up toward the overhead resistance at $2.47. The bears are likely to sell on relief rallies to the 20-day EMA ($2.45). If the price turns down from this resistance, the pair could again drop to $1.94.

A break and close above the 20-day EMA will be the first sign that the sellers may be losing their grip.

BNB/USDT

Binance Coin (BNB) broke below the 50-day SMA ($422) on Sept. 17 and subsequent attempts by the bulls to reclaim the level failed. This suggests that bears are selling on every minor rally.

The selling picked up momentum on Sept. 20 and the BNB/USDT pair dropped close to the critical support at $340. This is an important level for the bulls to defend because a break below it could open the doors for a decline to $300 and then $250.

The moving averages have completed a bearish crossover and the RSI is in the negative zone, indicating that bears have the upper hand.

If the price rebounds off $340, the pair could rise to the 20-day EMA. This level is likely to act as a stiff resistance. The bulls will have to push and sustain the price above $422.80 to indicate that the correction may be over.

XRP/USDT

Ripple (XRP) had been trading near the breakout level at $1.07 for the past few days, but the failure of the bulls to push the price above the 20-day EMA ($1.09) showed that bears were selling on rallies.

The selling intensified after the bears pulled and closed the price below the 50-day SMA ($1.08) on Sept. 19. The moving averages are on the verge of a bearish crossover and the RSI has dropped into the negative zone, indicating that bears are in command.

If the price sustains below $0.95, the XRP/USDT pair could drop to $0.75. Any relief rally from the current level is likely to face stiff resistance at the 20-day EMA. A breakout and close above $1.13 will signal that bulls are attempting a comeback.

SOL/USDT

The long tail on the Sept. 17 candlestick shows that bulls aggressively bought the dip below the 20-day EMA ($148). That was followed by a strong bounce of Sept. 18 but the bulls could not sustain Solana (SOL) above the first resistance at $170.

This may have attracted profit-booking from bulls and shorting from aggressive bears. The 20-day EMA has flattened out and the RSI is close to the midpoint, indicating that bulls are losing their grip.

If the price sustains below the 20-day EMA, the SOL/USDT pair could drop to the 61.8% Fibonacci retracement level at $123.42. A break and close below this support will suggest that the uptrend could be over.

The bulls will have to push and sustain the price above $171.47 to signal the end of the corrective phase.

DOT/USDT

Polkadot’s (DOT) rebound off the 20-day EMA ($32.12) on Sept. 18 was followed by an inside-day candlestick pattern on Sept. 19. This showed indecision among the bulls and the bears.

This uncertainty resolved to the downside on Sept. 20 with a break below the 20-day EMA. The selling picked up momentum and dropped to critical support at the 50-day SMA ($27.29). This is an important support for the bulls because they had successfully defended it on Sept. 7.

If the DOT/USDT pair rebounds off the current level, the bears are likely to sell on rallies to the 20-day EMA. If the price turns down from this level, it will suggest that the sentiment has turned negative and that will increase the prospects of a break below the 50-day SMA. This negative view will invalidate if the price turns up and rises above $34.

Related: Ethereum forming a double top? ETH price loses 12.5% amid Evergrande contagion fears

DOGE/USDT

Dogecoin’s (DOGE) tight range trading of the past few days resolved to the downside on Sept. 20 as bears pulled the price to the strong support at $0.21.

The falling 20-day EMA ($0.25) and the RSI near the oversold territory indicate that bears are in control. If they can sink and sustain the price below the $0.21 support, the DOGE/USDT pair could slide to $0.15.

If the price rebounds off the current level, the bulls will again try to push the pair above the 20-day EMA. If they manage to do that, the pair could rise to the downtrend line. Alternatively, if the price turns down from the 20-day EMA, it will increase the prospects of a break below $0.21.

UNI/USDT

The bulls attempted a recovery on Sept. 18 but could not push Uniswap (UNI) above the 20-day EMA ($25.09). This showed that bears are aggressively defending the 20-day EMA.

The UNI/USDT pair continued lower and the bears pulled the price below the critical support at $21 today. If the price sustains below this support, the pair could witness panic selling and decline to the next support at $18.

The downsloping 20-day EMA and the RSI in the negative zone indicate an advantage to bears. This negative view will invalidate if the price turns up from the current level and rises above the downtrend line. Such a move will indicate strong accumulation at lower levels.

AVAX/USDT

The long wick on the Sept. 18 and 19 candlestick showed that traders were booking profits at higher levels. The selling intensified today and Avalanche (AVAX) dropped to the 20-day EMA ($55.16).

The strong rebound off the 20-day EMA suggests that sentiment remains positive and traders are accumulating on dips. If the price sustains above $60.04, the bulls will again attempt to push the AVAX/USDT pair toward the all-time high at $76.27.

On the contrary, if the price turns down from the current level and breaks below the 20-day EMA, the bearish momentum could pick up as traders may rush to the exit. That could pull the price down to $48 and then to the 50-day SMA ($38.56) where buyers may step in to arrest the decline.

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

Market data is provided by HitBTC exchange.

The crypto market’s recovery was rocked on Sept. 24 after news that China's government is adopting a new set of measures that includes stronger inter-departmental coordination to “cut off payment channels, dispose of relevant websites and mobile applications” to crack down on illegal cryptocurrency transactions efficiently.

Although the news has caused a selloff, long-term investors are unlikely to be perturbed because, apart from announcing additional measures to enforce the existing ban effectively, there is nothing else that has changed.

China first announced a ban on cryptocurrencies back in September 2017 and that news had also resulted in a sharp correction in Bitcoin (BTC) price. However, that dip proved to be a good buying opportunity because the price recovered within a few weeks and went on to hit a new all-time high close to $20,000 in less than three months.

Is the current correction in Bitcoin and most major altcoins a good buying opportunity or could the crypto markets tumble further? Let’s analyze the charts of the top-10 cryptocurrencies to find out.

BTC/USDT

Bitcoin bounced off the 100-day simple moving average ($40,874) and rose above the neckline of the head and shoulders pattern on Sept. 22. That showed strong demand at lower levels but the recovery could not clear the hurdle at the 20-day exponential moving average ($45,596).

The downsloping 20-day EMA and the relative strength index (RSI) in the negative zone indicate that bears have the upper hand. If bears sink and sustain the price below the 100-day SMA, the BTC/USDT pair could decline to $37,332.70.

This level may act as a strong support but if it cracks, the next stop could be at the pattern target at $32,423.05.

Contrary to this assumption, if the price turns up from the current level or the 100-day SMA, the bulls will again try to drive the pair above the moving averages. A close above the 50-day SMA ($46,816) will suggest that the correction may be over.

ETH/USDT

Ether (ETH) rebounded off the 100-day SMA ($2,734) on Sept. 22 and rose above the breakdown level at $3,000. This shows that bulls bought the dip and tried to trap the aggressive bears.

However, the recovery stalled at $3,174.50 on Sept. 23 and the bears are attempting to establish their supremacy. The downsloping 20-day EMA ($3,255) and the RSI below 41 indicate that bears are in command.

If the index breaks and closes below the 100-day SMA, the ETH/USDT pair could witness aggressive selling. The pair could then drop towards the pattern target at $1,972.12. This negative view will invalidate if bulls drive and sustain the price above the moving averages.

ADA/USDT

Cardano’s (ADA) strong rebound off the $1.94 level hit a roadblock at the 20-day EMA ($2.36). This suggests that sentiment remains negative and traders are selling on rallies to the 20-day EMA.

The bears will now try to sink the price below the critical support zone at $1.94 and the 100-day SMA ($1.83). If they succeed, the ADA/USDT pair could plummet to $1.60 and then to $1.40.

Alternatively, if the price rises from the current level or rebounds off $1.94, the bulls will again attempt to clear the overhead hurdle. A break and close above the 20-day EMA will be the first sign that the correction may be over. The pair could then rally to $2.60 and then $2.80.

BNB/USDT

Binance Coin’s (BNB) rebound off the strong support at $340 turned down from $385.30 today, indicating strong selling by traders at higher levels.

The downsloping 20-day EMA ($402) and the RSI below 37 indicate that bears are in control. If the $340 support cracks, the selling could intensify and the BNB/USDT pair could extend its decline to $300 and then to $250.

Contrary to this assumption, if the price rebounds off the current level, the bulls will make one more attempt to push the price above the moving averages. A break and close above $433 will signal that the correction may have ended.

XRP/USDT

XRP bounced off the 100-day SMA ($0.87) on Sept. 22 but the bulls could not extend the recovery. The altcoin formed a Doji candlestick pattern on Sept. 23, indicating indecision among the bulls and the bears.

The uncertainty resolved to the downside today as bears have pulled the price down to the 100-day SMA. If this support gives way, the selling could pick up momentum and the XRP/USDT pair could slide to $0. 70.

This level may act as a strong support but if bears sink the price below it, the next stop could be $0.50. This negative view will be negated if the price rebounds off the 100-day SMA and rises above the $1.07 to $1.13 resistance zone.

SOL/USDT

Solana (SOL) bounced and rose above the 20-day EMA ($145) on Sept. 22 but the bulls could not push the price above the downtrend line. This suggests that bears are selling on rallies.

The bears have pulled the price back below the 20-day EMA today and the SOL/USDT pair could now drop to the 50-day SMA ($108). This level is likely to act as a strong support.

If the price rebounds off it, the bulls will again try to thrust and sustain the price above the downtrend line. If they can pull it off, the pair could rise to $170 and then to $200.

Conversely, if the 50-day SMA cracks, the pair could witness panic selling and the price could then drop to the 78.6% Fibonacci retracement level at $98.26.

DOT/USDT

Polkadot’s (DOT) rebound off $25.50 stalled at $33.60. This suggests that bears are selling at higher levels. The bears are attempting to pull the price below the breakout level at $28.60. If they manage to do that, a retest of $25.50 is likely.

A break and close below $25.50 will complete a bearish head and shoulders pattern. The DOT/USDT pair could then start its decline to the 100-day SMA ($21.87) and then to the pattern target at $12.23.

Contrary to this assumption, if the price rebounds off the current level or the neckline, the bulls will make one more attempt to resume the up-move. A break and close above $33.60 could open the doors for a retest at $38.77.

Related: Bitcoin hits $45K, TWTR stock price rises 3.8% after BTC tipping comes to Twitter

DOGE/USDT

The bulls pushed Dogecoin (DOGE) above $0.21 on Sept. 22 but the recovery failed to attract buyers at higher levels. After forming an inside-day candlestick pattern on Sept. 23, the price has dropped below $0.21 today.

The downsloping 20-day EMA ($0.23) and the RSI near 36 suggest that sellers have the upper hand. If bears sink the price below the $0.19 support, the DOGE/USDT pair could extend its decline to the critical support at $0.15.

This level has held on three previous occasions, hence the bulls will again try to defend it. On the other hand, if bears sink the price below $0.15, the selling may intensify and the pair could plummet to $0.10.

AVAX/USDT

Avalanche (AVAX) rebounded off the 20-day EMA ($60.15) on Sept. 21 and rose to a new all-time high on Sept. 23. However, the bulls could not thrust the price above the resistance line of the ascending channel, which may have resulted in profit-booking by short-term traders.

The AVAX/USDT pair has turned down today and the first stop could be the support line of the channel. A strong rebound off this support will indicate that the uptrend remains intact and traders are accumulating on dips. The pair could then rise to $94.

On the other hand, a break and close below the channel will be the first sign that the bulls may be losing their grip. If bears pull the price below the 20-day EMA, the pair could plummet to $48 and then to the 50-day SMA ($43.06).

LUNA/USDT

The bulls successfully defended the retest of the breakout level in Terra protocol’s LUNA token on Sept. 21. This suggested that sentiment remained positive and traders viewed the dips as a buying opportunity.

The buyers pushed the price above the 20-day EMA ($33.06) on Sept. 22 and followed that up with another up-move on Sept. 23. Although the 20-day EMA has started to turn up, the RSI is showing a negative divergence, indicating that the bullish momentum may be weakening.

If bears pull and sustain the price below the 20-day EMA, the LUNA/USDT pair could again drop to the critical support at $22.40. This is an important level to watch out for because if it cracks, the selling could intensify and the pair may drop to $18.

On the upside, if bulls drive the price above $40, the pair could retest the all-time high at $45.01. A breakout and close above this level could signal the resumption of the uptrend.

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

Market data is provided by HitBTC exchange.

The crypto markets and United States equity markets are attempting recovery on Sept. 22 as fears of a widespread contagion due to Chinese developer Evergrande defaulting on its debt recede. Bridgewater Associates co-chairman and co-chief investment office Ray Dalio said on Sept. 22 that Evergrande’s debt was “manageable.”

Ming Tan, a director at the credit rating agency Standard & Poor’s, said that the Chinese government may step in and restructure Evergrande.

The Crypto Fear & Greed Index had plunged to 21 levels, indicating extreme fear among investors. However, while speaking on CNBC, Galaxy Digital CEO Mike Novogratz said that the crypto markets remain in good shape as long as Bitcoin (BTC) sustains above $40,000 and Ether (ETH) stays above $2,800.

Traders may now shift their focus to the Federal Reserve’s policy statement with economic and interest rate forecasts on Sept. 22, which will be followed by a press conference by Fed Chair Jerome Powell.

Could Bitcoin and altcoins sustain the rebound or will higher levels attract selling by the bears? Let’s study the charts of the top 10 cryptocurrencies to find out.

BTC/USDT

Bitcoin plunged below the neckline on Sept. 21, which completed the bearish head and shoulders pattern. However, a positive was that the bulls have pushed the price back above the neckline on Sept. 22. This suggests strong buying at lower levels.

If buyers sustain the price above the neckline, it could trap several aggressive bears, resulting in a short squeeze. The BTC/USDT pair could then rally to the 20-day exponential moving average (EMA) ($46,038) where bears may pose a stiff challenge.

The moving averages have completed a bearish crossover and the relative strength index (RSI) is in the negative zone, indicating that bears are in command.

If the price fails to sustain above the neckline, the bears will attempt to resume the downtrend. The first support on the downside is $37,332.70 and then the pattern target at $32,423.05.

A break and close above the moving averages will be the first indication that the correction may be over.

ETH/USDT

Ether plummeted and closed below $3,000 on Sept. 20, which completed the bearish head and shoulders pattern. Usually, the breakdown from the neckline is retested and that is what happened on Sept. 22.

The moving averages have completed a bearish crossover and the RSI is in the negative zone, indicating advantage to bears. If the price turns down from the current level, the bears will attempt to resume the down move toward the pattern target at $1,972.12.

Conversely, if bulls sustain a price above $3,000, it will indicate an accumulation on dips. The ETH/USDT pair could then rally to the 20-day EMA ($3,303), which may again act as a stiff resistance. A breakout and close above this level could signal that bulls are back in the game.

ADA/USDT

Cardano (ADA) is in a strong corrective phase but the bulls are attempting to arrest the decline at the strong support at $1.94, where they are likely to run into a wall at the 20-day EMA ($2.38).

The moving averages are close to completing a bearish crossover and the RSI is in the negative territory, suggesting that bears have the upper hand. If the price turns down from the 20-day EMA, the bears may again challenge the $1.94 support.

A break and close below this level could open the doors for a further fall to $1.60. The bulls will have to push and sustain the price above the 20-day EMA to indicate the start of a sustained recovery. The ADA/USDT pair could then rise to $2.60 and later to $2.80.

BNB/USDT

Binance Coin (BNB) broke below the Sept. 7 low at $369 on Sept. 20 and reached strong support at $340 on Sept. 21. The bulls are currently attempting to defend this level.

The moving averages have completed a bearish crossover and the RSI is below 41, indicating that bears are at an advantage. Any pullback is likely to be met with strong selling near the 20-day EMA ($410).

If bears sink the price below $340, the BNB/USDT pair could drop to the psychological support at $300 and then to $250. This negative view will be negated if bulls propel and sustain the price above the overhead resistance at $433.

XRP/USDT

Ripple (XRP) plunged and closed below the Sept. 7 intraday low at $0.95 on Sept. 20, suggesting that supply exceeds demand. The moving averages have completed a bearish crossover and the RSI is in the negative zone, indicating that bears have the upper hand.

The current relief rally is likely to hit a hurdle at the 20-day EMA ($1.06). If the price turns down from this resistance, it will indicate that traders continue to sell on rallies. The bears will then attempt to resume the down move.

If the price slips below $0.85, the XRP/USDT pair could drop to the next support at $0.75. The bulls will have to push and sustain the price above the overhead resistance zone at $1.07 to $1.13 to indicate strength.

SOL/USDT

Solana (SOL) broke and closed below the 20-day EMA ($144) on Sept. 20, which is the first sign that the bullish momentum may be weakening. The bulls attempted to push the price back above the 20-day EMA on Sept. 21 but failed, indicating that bears are attempting a comeback.

The SOL/USDT pair rebounded off the 61.8% Fibonacci retracement level at $123.42 and has reached the 20-day EMA.

If bulls push the price above the 20-day EMA and the downtrend line, the pair could rise to $171.47. This level may again act as a resistance but a break above it could result in a move to $200 and then to $216.

On the contrary, if the price turns down from the current level or the downtrend line, it will suggest selling at higher levels. The bears will then try to sink the price below $123.42 and extend the decline to the 50-day simple moving average ($104).

DOT/USDT

Polkadot (DOT) broke below the 50-day SMA ($27.71) on Sept. 21 but bulls bought the dip aggressively and reclaimed the level on Sept. 22. That seems to have trapped the bears, resulting in a short squeeze.

The DOT/USDT pair has reached the 20-day EMA ($31.42) which is an important level to watch out for. If buyers drive the price above this resistance, the pair could rise to $35 and then retest $38.77.

Conversely, if the price turns down from the 20-day EMA, it will suggest that traders are selling on rallies. The bears will then make one more attempt to pull the price to the Sept. 7 intraday low at $22.66.

Related: Bitcoin bounces again after briefly losing $40K support — Watch these BTC price levels

DOGE/USDT

Dogecoin (DOGE) broke and closed below the $0.21 support on Sept. 20, but the bears could not crack the next support at $0.19. This suggests demand at lower levels.

The bulls are attempting to sustain the price above $0.21 on Sept. 22. If that happens, the DOGE/USDT pair could rise to the 20-day EMA ($0.24). The bears are likely to defend this level aggressively.

If the price turns down from the 20-day EMA, the bears will make one more attempt to sink the price below the $0.21 to $0.19 support zone. If they manage to do that, the pair could drop to the critical support at $0.15.

The bulls will have to push and sustain the price above the downtrend line to indicate that the correction could be over.

AVAX/USDT

Avalanche (AVAX) bounced back sharply from the 20-day EMA ($56.34) on Sept. 22, suggesting that the sentiment remains positive and traders are buying on dips.

The buyers have pushed the price above the overhead resistance at $66.24, increasing the possibility of a retest of the all-time high at $76.27. A breakout and close above this resistance will signal the resumption of the uptrend.

Contrary to this assumption, if the price turns down from the current level or the overhead resistance, it will indicate that higher levels are attracting profit-booking. The bears will then make one more attempt to sink the price below the 20-day EMA.

If they succeed, the AVAX/USDT pair could start a deeper correction to $48 and then to the 50-day SMA ($40.49).

UNI/USDT

Uniswap (UNI) broke and closed below the Sept. 7 intraday low at $21, suggesting that traders are rushing to the exit. The price is presently correcting inside a descending channel pattern.

The 20-day EMA ($24.10) is sloping down and the RSI is below 41, indicating that bears have the upper hand. Any rebound from the current level is likely to face stiff resistance at the 20-day EMA.

If the price turns down from this resistance, the UNI/USDT pair could drop to the support line of the channel. A break below $18 could open the doors for a possible decline to $13.

This negative view will invalidate if the price breaks and closes above the descending channel. The pair could then gradually move up to $27.62.

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

Market data is provided by HitBTC exchange.

Ethereum is down a sharp 21% this week as the coin sits beneath $3000. The sell-off started on Monday when ETH slipped beneath the neckline of a head & shoulders pattern and the 50-day MA. Initially, the market found support at $3000 but would continue to fall beneath it on Tuesday to find support at $2770 (.786 Fib Retracement).

ETH did rebound on Wednesday and Thursday as it climbed back above $3000. However, it lost another sharp 9% today, causing it to break back beneath $3000 and reach the support at the 100-day MA at around $2730.

Looking ahead, if the sellers push lower, the first support lies between $2770 (.786 Fib) and $2730 (100-day MA). This is followed by $2600 (200-day MA), $2500, $2420 (downside 1.618 Fib Extension), and $2200 (.786 Fib).

On the other side, the first resistance lies at $2890. This is followed by $3000, $3200, $3350 (50-day MA & 20-day MA), and $3500.

ETH is also struggling against BTC this week as it dropped as low as 0.0667 BTC (downside 1.272 Fib Extension) today. The cryptocurrency fell beneath the 50-day MA and 0.07 BTC on Monday as it continued to slide until support was met at 0.068 BTC. The level there was bolstered by a rising trend line that allowed ETH to rebound on Wednesday.

Unfortunately, ETH was unable to overcome the resistance at the 50-day MA and fell from there today to reach as low as 0.0667 BTC. It has since bounced and is trading above the rising trend line.

Looking ahead, if the sellers break the trend line and fall beneath 0.068 BTC, the first solid support lies at 0.0667 BTC. This is followed by 0.066 BTC (.618 Fib & 100-day MA), 0.065 BTC, 0.064 BTC, and 0.0632 BTC (downside 1.618 Fib Extension).

On the other side, the first resistance lies at 0.0691 BTC. This is followed by 0.07 BTC (50-day MA), 0.0711 BTC, and 0.072 BTC.

Ripple

XRP dropped by a steep 17% this week as it falls back beneath $1. XRP dropped below the 50-day MA on Sunday and continued on Monday as it lost the 200-day MA until it found support at $0.875 (.618 Fib & 100-day MA).

XRP held $0.875 on Tuesday and rebounded from there on Wednesday to return to $1. Unfortunately, the buyers could not break this level and fell from there today to return to the 100-day MA support.

Looking ahead, if the bears push beneath the 100-day MA, the first support lies at $0.8282 (2020 highs). This is followed by $0.8 (downside 1.272 Fib Extension), $0.732 (downside 1.414 Fib Extension), $0.7, and $0.65.

On the other side, the first resistance lies at $0.95 (200-day MA). This is followed by $1, $1.05, and $1.10 (50-day MA).

XRP is also in a bearish battle against BTC as it sits above 2200 SAT. On Monday, XRP fell beneath 2225 SAT (.5 Fib) and spiked as low as 2050 SAT (.618 Fib). More specifically, the coin found support at a rising trend line and rebounded from there on Wednesday.

It managed to reach as high as 2300 SAT and reversed from there yesterday. Today, XRP fell beneath 2200 SAT but found support at the rising trend line. It is still above the weekly low, which is a very promising sign.

Looking ahead, if the bears push beneath the rising trend line, the first support lies at 2100 SAT (200-day MA & 100-day MA). This is followed by 2075 SAT (.618 Fib), 2000 SAT, 1900 SAT (July 2020 low), and 1735 SAT (.886 Fib).

On the other side, resistance is first expected at 2300 SAT. This is followed by 2350 SAT (50-day MA), 2400 SAT, and 2500 SAT.

Cardano

ADA fell by a small 11% this week as the coin currently sits at $2.18. It also dropped beneath the 50-day MA on Monday and continued to slip until support was found at $1.88 (downside 1.414 Fib Extension) on Tuesday.

More specifically, ADA found support at $2.00 (.618 Fib Retracement) and rebounded from there on Wednesday.

Yesterday, ADA briefly crossed a falling trend line to reach the resistance at the 50-day MA. It continued to spike as high as $2.50 earlier today but has since dropped back beneath $2.20.

Looking ahead, the first strong support lies at $2.00 (.618 Fib). This is followed by $1.88 (downside 1.414 Fib Extension), $1.80 (100-day MA), and $1.66 (.786 Fib).

On the other side, the first resistance lies at $2.40 (bearish .382 Fib & 50-day MA). This is followed by $2.53 (bearish .5 Fib), $2.68 (.bearish .618 Fib), and $2.80.

ADA is attempting to recover against BTC as it sits above 5200 SAT. The coin found solid support at 4800 SAT on Monday and managed to hold it during the entire week.

On Wednesday, ADA finally surged back above the 50-day MA and continued higher above 5000 SAT. It broke the 20-day MA at 5200 SAT today and reached above 5500 SAT.

Looking ahead, the first support lies at 5000 SAT (50-day MA). This is followed by 4800 SAT, 4715 SAT (.5 Fib), 4600 SAT, and 4400 SAT (100-day MA).

On the other side, the first resistance lies at 5600 SAT. This is followed by 5800 SAT, 6000 SAT, and 6200 SAT.

Solana

SOL is down a steep 13% this week as the coin currently trades around $135. The cryptocurrency has been trading inside a descending price channel since the first week of September and must break the boundary to end the current negative trend.

SOL dropped beneath $140 on Monday and continued lower until support was found at $123 (downside 1.272 Fib Extension) on Tuesday. It rebounded from there on Wednesday but rolled over today after meeting resistance at the upper angle of the price channel.

Looking ahead, the first support lies at $123 (downside 1.272 Fib Extension). This is followed by $119 (.5 Fib Retracement), $112 (downside 1.414 Fib Extension), $110 (50-day MA), and $100.

On the other side, the first resistance lies at $150 (upper angle of the price channel). This is followed by $160 (20-day MA), $180, and $200.

SOL is currently in a phase of consolidation against BTC as it trades sideways between 0.0035 BTC and 0.003 BTC. The coin found support at 0.003 BTC on Tuesday and bounced higher on Wednesday to meet the resistance at the 20-day MA, beneath 0.0035 BTC.

It ended up rolling over from there yesterday to find the support at 0.00315 BTC (.382 Fib) today.

Looking ahead, the first solid support lies at 0.003 BTC. This is followed by 0.00288 BTC (downside 1.414 Fib Extension), 0.00267 BTC (.5 Fib Retracement), 0.0025 BTC, and 0.00233 BTC (50-day MA).

On the other side, the first resistance lies at 0.0035 BTC (20-day MA). This is followed by 0.00367 BTC (1.272 Fib Extension), 0.004 BTC (1.414 Fib Extension), and 0.0043 BTC (1.618 Fib Extension).

Avalanche

AVAX is up by a small 3% this week as the coin sits around $70. The cryptocurrency actually managed to set a new ATH price at $80 this week after finding support at the 20-day MA (around $55) on Monday.

It held the $55 support on Tuesday and exploded on Wednesday to hit $75. The new ATH was set on Thursday, but AVAX has since rolled over to fall to $70 today.

Looking ahead, the first support lies at $68.55 (.236 Fib). This is followed by $65, $61.67 (.372 Fib), $60 (20-day MA), and $56.10 (.5 Fib).

On the other side, the first resistance lies at $75. This is followed by $80, $85.45 (1.618 Fib Extension), $90 (1.618 Fib Extension – orange), $92.30 (1.414 Fib Extension – blue), and $100.

AVAX is also performing well against BTC after setting a new ATH on Thursday at 0.0018 BTC. The coin fell beneath support at 0.0014 BTC on Monday but managed to hold support at 0.0013 BTC on Tuesday.

It rebounded from there and ended up breaking the previous 0.0016 BTC ATH on Wednesday. Yesterday, it spiked higher to reach the new ATH at 0.0018 BTC but has since dropped back to 0.0017 BTC.

Looking ahead, the first resistance lies at 0.0018 BTC. This is followed by 0.00185 BTC (1.272 Fib Extension), 0.0019 BTC, 0.00197 BTC (1.414 Fib Exnteison), 0.002 BTC, and 0.0021 BTC.

On the other side, the first support lies at 0.0016 BTC. This is followed by 0.00155 BTC (.236 Fib), 0.00138 BTC (.382 Fib), 0.0013 BTC (20-day MA), and 0.00125 BTC (.5 Fib).

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New research has shed more light on the crypto industry’s largest-ever token sale, alleging that foul play may have been afoot during EOS’ initial coin offering (ICO) four years ago.

Researchers from the University of Texas have raised fresh concerns regarding Block.one’s record $4.362-billion ICO for the EOS blockchain in 2017 and 2018. The highly-anticipated project was backed by industry heavyweights, including PayPal co-founder Peter Thiel, alongside billionaire hedge fund managers Alan Howard and Louis Bacon. The research does not accuse Block.one itself of any wrongdoing, and the company has cited a report stating there was no evidence it was involved.

On Tuesday, professor John Griffin of the Austin McCombs School of Business and financial analysis firm Integra FEC published their findings in a paper titled “Were ETH and EOS Repeatedly Recycled during the EOS Initial Coin Offering?” — alleging that wash-trading played a key role in EOS’ price discovery.

According to the paper and outlined in an investigation by Bloomberg, EOS was allegedly wash-traded on the Binance and Bitfinex cryptocurrency exchanges in an effort to artificially inflate the prices. Wash-trading describes the process where an entity simultaneously acts as the buyer and seller for the same asset to artificially bolster volume or manipulate prices.

Griffin wrote that artificial demand from suspect accounts created the illusion of demand for the token and pushed prices up:

“First, it directly manipulated EOS’s offering price upward through the extra buying and inflated the market value of the token. Second, it created the false impression of value of the token which enticed others to want to purchase the ICO token.”

The research allegedly identified 21 accounts that recycled EOS tokens during the ICO. Funds identified as suspect amounted to 1.2 million Ether (ETH) worth around $815 million at the time. Ether was the sole cryptocurrency used to buy EOS during the year-long ICO.

The analysis claims that Ethereum accounts were created in order to repeatedly purchase EOS over time. It claims that a “significant portion” of the Ether raised during the token sale appears to have been “recycled by transferring the ICO contributions through a series of obfuscating intermediary accounts and finally arriving at Bitfinex.”

“2.895 million Ether ($1.721 billion USD), or 39% of the Ether raised in the crowdsale, are also traced from the ICO crowdsale wallet back to Bitfinex.”

Griffin did not identify the owners of the accounts or point the finger at Block.one regarding the alleged wash-trading but noted, “These suspicious accounts accounted for almost a quarter of EOS purchases by the end of the crowdsale.”

Robert C. Hockett, professor of law at Cornell Law School, said that he worked for more than one month on the story alongside media outlet Bloomberg, which published its findings on Thursday.

According to Bloomberg, Block.one responded to the paper by referencing a July document authored by law firm Clifford Chance LLP that asserted there was “no evidence that Block.one purchased tokens on the primary up Darling EOS Cashes In Millions Of ETH As ICO Scorn Continues

The same John Griffin published a paper in October 2019 titled “Is Bitcoin Really Un-Tethered?” that claimed the leading stablecoin Tether (USDT) was wash-traded to influence Bitcoin (BTC) prices during the 2017 bull market. Speaking to Cointelegraph in February 2020, the firm behind Tether, iFinex, labeled the claims “reckless and false.”

Manipulation or otherwise, EOS has largely fallen out of favor with crypto traders and investors. Since ranking among the top five crypto assets by market capitalization in mid-2018, EOS has since tumbled to rank 35th.

The token is currently trading for $5, down 77% from its April 2018 all-time high of $22.70.

EOS developer Block.one is in more regulatory jeopardy after a report detailed suspected wash trading during the token’s controversial initial coin offering (ICO).

Last week, forensic financial analysis firm Integra FEC issued a report authored by University of Texas professor John M. Griffin featuring the provocative title, “Were ETH and EOS Repeatedly Recycled during the EOS Initial Coin Offering?,” EOS’s ICO ranks as the biggest ever, raising $4.36 billion during the unusually long 12-month period in which Block.one held its EOS crowdsale.

It’s been anything but smooth sailing for Block.one since. Less than a year after the ICO concluded in July 2018, Block.one agreed to pay a $24 million civil penalty to satisfy charges brought by the U.S. Securities and Exchange Commission (SEC), which accused the company of failing to register its token as a securities offering.

Last year, token holders launched a class action suit against Block.one, accusing the company of “making materially false and misleading statements about EOS, which artificially inflated the prices for the EOS securities and damaged unsuspecting investors.” Block.one settled the suit this summer by paying out $27.5 million, despite claiming that the plaintiffs’ allegations were “without merit.”

Griffin’s new report pours further fuel on the Block.one dumpster fire, just as the company is preparing to launch a new cryptocurrency exchange called Bullish. The exchange, which plans to go public this year via a special purpose acquisition company, will be funded in part with some of the billions Block.one generated via its problematic ICO.

The old in-out

Griffin claims to have identified 21 suspicious investor wallet addresses, each of which conducted a minimum of $15 million worth of crypto trading during the EOS ICO. By the tail end of the ICO, these suspect accounts were accounting for 23.4% of all EOS purchases.

Griffin alleges that these accounts “created legitimacy and the perception of widescale interest in EOS,” which in turn helped pump the token’s price to unwarranted heights. By April 2018, EOS was worth $21.54, only to fall below $8 by the end of June before sinking below $2 that December.

The alleged subterfuge went something like this: the wallets spotlighted in Griffin’s report received millions’ worth of Ether (ETH) tokens sent from digital currency exchanges (primarily those paragons of crypto virtue Bitfinex and Binance). A total of 1.2m ETH tokens—worth around $815 million at the time—passed through these wallets to buy EOS from Block.one (although Griffin suspects the actual volume involved in the apparent scheme could be much higher).

From the start, these wallets appeared to operate on a distinctly different pattern from others involved in the ICO. For instance, they did very little transacting that didn’t involve the ICO and they tended to buy and sell similar amounts of ETH on a daily and weekly basis. The purchased EOS—occasionally acquired in $15 million chunks—was sent to an exchange generally within 40 minutes of purchase from Block.one.

After arriving at Bitfinex and Binance, the EOS would be sold for ETH, despite the price paid for this EOS from Block.one being higher than what EOS was worth on the exchanges. Griffin says the net result was that the owners of these wallets were generally operating at a -1.4% loss, apparently disinterested in the 126% profit they could have garnered if they simply held onto their EOS as the token’s value bubbled upward.

Based on the sheer scale of the investment made by these 21 accounts—five of which used common deposit addresses at Bitfinex and Binance—Griffin says it’s “unlikely” that these accounts didn’t share some connection. Griffin adds that the patterns of odd trading behavior offers “clear evidence of a sophisticated and extended recycling scheme perpetuated by potential EOS-connected associates.”

Griffin also found that Block.one took the unusual step of transferring nearly 3 million ETH worth over $1.7 billion from its crowdsale wallet—representing over 39% of the ICO’s overall proceeds—while the ICO was ongoing. This vast sum of ETH was transferred to (surprise!) Bitfinex.

Even more suspect, the EOS sent from the crowdsale wallet appeared to take a needlessly circuitous route on its way to Bitfinex, making four ‘hops’ to overlapping deposit addresses. Griffin calls this pattern “consistent with obfuscating deposits to common accounts at Bitfinex.”

Our mom says we’re innocent

Block.one attempted to blunt the force of Griffin’s report by reminding everyone of a report the company commissioned in 2019 from the law firm of Clifford Chance LLP, which was tasked with digging into the growing allegations of insider dealing during the ICO.

However, while Clifford Chance says it found “no evidence” of dodgy activity, the lawyers cautioned that the only Block.one-owned wallets they examined were those provided to the firm by Block.one itself. Clifford Chance also didn’t investigate whether individuals associated with Block.one may have bought and sold EOS via personal wallets. 

An alternative theory behind the sketchy trading patterns is that these wallets were engaged in arbitrage, but Griffin told Bloomberg that the wallets cited in his report “consistently lost money on their trades,” a questionable long-term strategy unless those doing the trading “have an offsetting profit source or motive.”

Piercing the corporate veil

Block.one never really did much with its EOS.IO protocol post-IPO, undermining the technology’s original selling point: eliminating blockchain transaction fees based on massive volume. EOS-based DApps did earn the dubious distinction of being the primary targets of crypto hackers, so, um, huzzah?

Block.one was co-founded by none other than Brock Pierce, who bailed on the company a couple months before the ICO’s conclusion in order to focus more attention on ‘independent community building’ and plotting his bid to become president of the United States. (Spoiler alert: he didn’t win.)

Pierce previously co-founded the coin that became the Tether stablecoin. Tether is owned by iFinex, the parent company of Bitfinex. In 2018, Griffin co-authored a report on Tether’s role in suspected wash trading—primarily via Bitfinex and other Tether-reliant exchanges—intended to artificially pump up the price of the BTC token.

I suppose there’s a small chance that Pierce is Griffin’s next-door neighbor and Pierce has a habit of dumping his leaves over Griffin’s fence, leading Griffin to launch an analytic vendetta. That, or maybe the likes of Pierce, Tether, Bitfinex and Binance just happen to be routinely found at the intersection of most crypto-related pileups.

Betonjail

This year has witnessed a ‘great awakening’ of financial regulators finally deciding to rein in digital currency excesses and impose some badly needed adult supervision on the regulatory-averse sector. These efforts have so far consisted primarily of jurisdictions restricting market access and warning the general public, shots across the bow that some exchanges and token-issuers have chosen to ignore.

But law enforcement agencies are also taking a greater interest in the legions of crypto scofflaws who believe they can continue to lie, cheat and steal with impunity. At some point, these authorities will choose to make an example of someone in this space to intimidate the rest into knocking off the truly egregious antics.

I have some experience in the online gambling sector, and the story of BetOnSports CEO David Carruthers may prove illustrative for crypto crooks who believe they’re above the law. It’s one thing to pay a few million in penalties for flouting financial regulations; being deprived of one’s liberty for five years or more is something else entirely.

If there’s some online gambling site willing to put up a prop betting market on which unlucky fool will earn themselves a lengthy stint behind bars and thus earn a place in history as a crypto cautionary tale, my wallet is at the ready. Can I pay in EOS?

Follow CoinGeek’s Crypto Crime Cartel series, which delves into the stream of groups—a em>, Coinbase, Ripple and Ethereum—who have co-opted the digital asset revolution and turned the industry into a minefield for naïve (and even experienced) players in the market.

New to Bitcoin? Check out CoinGeek’s Bitcoin for Beginners section, the ultimate resource guide to learn more about Bitcoin—as originally envisioned by Satoshi Nakamoto—and blockchain.

Cryptocurrencies saw a slow start this year, mainly due to a Reserve Bank of India (RBI) order to banks telling them not to deal in crypto. The cryptocurrency trade accelerated after the Supreme Court in March reversed the RBI ban and allowed trading in coins such as Bitcoin, Ethereum, Dogecoin, and others. Since then, several online exchanges such as CoinSwitch Kuber and CoinDCX have flourished. But investing in these virtual assets require due diligence, given the extreme volatility of most cryptocurrencies. One way to do that is by looking at historical data of these coins.

How cryptocurrencies have behaved in the past few weeks and months can give an idea of their potential in the near future and whether a person should invest now or wait.

Here's how the top 5 digital coins have behaved so far since the start of this financial year (stating April 1):

Bitcoin

Bitcoin is the oldest cryptocurrency in the world. Since its launch in 2009, it has remained an undisputed leader of the cryptocurrency market. On April 1 this year, it was trading around Rs. 42 lakhs but by May-end, around the time the market crashed massively because of a Chinese crackdown on mining operations, it hit a low of Rs. 22 lakhs. Bitcoin has, however, recovered. On September 17, it was trading around Rs. 37 lakhs.

Ethereum

Experts say this is the only virtual currency that has any chance of challenging Bitcoin's dominance, but it is far from realising its true potential. At the beginning of this financial year, Ethereum was trading at Rs. 1.40 lakhs. By early August, it breached the Rs. 2-lakh barrier. This was the time when the Ethereum blockchain had the major London upgrade. Since then, it has continued to gain in value. On September 17, at the time of writing, it was trading at Rs. 2.76 lakhs.

Cardano

Launched in 2017, Cardano is a relatively new cryptocurrency coin that has jumped the queue to find its place in the top five. Billed as a third-generation blockchain (Bitcoin and Ethereum being the first and second generations, respectively), Cardano gave returns of almost 150 percent in just one month. On July 20, it was trading at Rs. 79.71 but by August it had reached a high of Rs. 191.41. It registered more gains in the next few weeks, reaching an all-time high of Rs. 227 at the start of this month. But the gains have started to taper off since then. On September 17, at the time of writing, it was trading at Rs. 187.82.

Tether is a stablecoin pegged to the US dollar. Being the first one, it is the most popular stablecoin. Since it is pegged to the dollar, meaning every Tether coin should be backed by actual dollars in the reserves of Tether Limited, it is highly stable in comparison to other cryptocurrencies. If this stability is predictable, it also curbs the possibility of boosting wealth quickly. It has remained within the Rs. 73–75 range this financial year. It was trading around Rs. 77 on September 17.

Ripple

It's the fifth-placed cryptocurrency in terms of market capitalisation. Technically speaking, Ripple is not a cryptocurrency. It facilitates open-source payments and XRP is the cryptocurrency that runs on this network. Its price has doubled since April 1, from Rs. 41 to Rs. 80 now. But it has not seen a rally similar to that in late 2017 took it to its all-time high of Rs 242 in early January 2018. At the time of writing, it was trading around Rs. 84.

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Ether held a price of $3,095.64 on Friday and was trading green at 0.40 per cent over the last 24 hours. (Image: ShutterStock)

The global crypto market cap stood at $1.99 trillion at the time of this article. This indicated that the market cap surged by 1.62 per cent over the last day.

The price of Bitcoin on Friday was underwhelming and found itself below the $45,000-mark. However, the Cryptocurrency market appeared to be on the upswing and even the top cryptocurrencies such as Bitcoin, Ethereum, Cardano and so on seem to be doing well as data indicated that they were trading green over the past 24 hours. Notably, Bitcoin had a price of $44,369.38 on Friday. The cryptocurrency was trading green at 1.48 per cent over the course of the last 24 hours. However, contrary to this positive trend, the performance of this coin over the duration of the last seven days was anything but. Bitcoin slumped by 7.10 per cent over the last seven days according to data from CoinMarketCap. It should also be noted that Bitcoin maintained a market dominance of 42.14 per cent, which is an indication of a surge of around 0.19 per cent over the day.

Coming to the performance of the overall crypto market, the global crypto market cap stood at $1.99 trillion at the time of this article. This indicated that the market cap surged by 1.62 per cent over the last day. Additionally, the total crypto market volume over the last 24 hours was $100.90 billion, which pointed to a slump of 11.28 per cent.

In terms of the performance of the top altcoins, they were, as mentioned above, trading green over the last 24 hours. The top four altcoins, apart from the number-one-ranking Bitcoin, are Ethereum, Cardano, Tether and Binance Coin in that order. Ether held a price of $3,095.64 on Friday, which pointed to the cryptocurrency trading green at 0.40 per cent over the course of the last day. Similar to the majority of the cryptocurrencies, it was also trading red over the course of the past seven days at 13.01 per cent. Similarly, Cardano had a price of $2.29 and surged 2.05 per cent over the 24-hour period, while also displaying a slump of 5.04 per cent over the course of the week. The cryptocurrency Tether was holding a price of $1.00 at the time of this article and was trading green at 0.01 per cent. It was also the only coin amongst the top 10 currencies to be trading green over the course of the last seven days 0.01 per cent.

Speaking on the matter of Ether and the altcoins, Siddharth Menon, COO of WazirX said, “Ether has formed a classic cup pattern, it is now forming the handle between the price range of 2700 and 4000 levels for 2 weeks. Once it breaks out of the handle towards the upside, we may see buying momentum picking up and the Funds moving to Altcoins.”

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He went on to add, “Total crypto mcap is trading around $2 trillion, all eyes on the dollar index. Weakness in the dollar index would strengthen the Crypto markets. After the recent 15-20% sell-off on the cryptocurrency market, which has affected both the Bitcoin and altcoin markets, most assets have recovered back above key values like $3,000 on Ethereum.”

Here are the top 10 cryptocurrencies and their prices on September 24, 2021 (data from coinmarketcap.com while publishing the article)

Bitcoin $44,369.38 or (+1.48 per cent) change in 24 hours

Ethereum $3,095.64 or (+0.40 per cent) change in 24 hours

Cardano $2.29 or (+2.05 per cent) change in 24 hours

Tether $1.00 or (+0.01 per cent) change in 24 hours

Binance Coin $375.75 or (-0.37 per cent) change in 24 hours

XRP $0.9876 or (-1.11 per cent) change in 24 hours

Solana $145.70 or (-1.44 per cent) change in 24 hours

Polkadot $32.11 or (+2.04 per cent) change in 24 hours

USD Coin $1.00 or (+0.01 per cent) change in last 24 hours

Dogecoin $0.2231 or (-0.42 per cent) change in 24 hours

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Tagsbitcoincryptocurrencyfirst published:September 24, 2021, 08:55 ISTMore NewsPhotogallery

The cryptocurrency market is filled with over ten thousand cryptocurrencies. However, Indian crypto investors still have a soft corner for bitcoin. They constantly rely on bitcoin with the hope to ride the price wave. Fortunately, bitcoin never fails to live up to its expectations. Although price plummets are also very common, in many cases, bitcoin has gained more profits than those plunges. Besides, its price, market capitalization, and volume have kept it at the top for a long time. Bitcoin still represents over 40% of the cryptocurrency market capitalization.

According to experts, ethereum has every potential to overtake bitcoin in the coming years. So far, ethereum has kept a low-key in the market. But after bitcoin’s price challenged the digital currency sphere, ethereum emerged as a hope for many crypto investors. At the beginning of 2021, ethereum was trading at INR1.40 lakh and has breached the INR2 lakh barrier by August end. After its recent London upgrade, the digital token is confidently heading to breach INR3 lakh in the coming days.

Many believe that Dogecoin is the most promising cryptocurrency of 2021. After becoming Elon Musk’s favorite cryptocurrency, Dogecoin has stolen many other top crypto investors’ attention. Experts believe that Dogecoin’s value will produce nearly 50% returns by 2021 end if it keeps up the good pace. Elon Musk’s constant boosting also helps Dogecoin’s price goes up. However, that doesn’t always work since Musk has varied opinions on all cryptocurrencies.

Launched in 2017, Cardono became one of the few cryptocurrencies that made it to the top 10 digital currency list in a very short span. Cardano functions on the famous blockchain network that powers bitcoin and ethereum. The digital token has given enormous growth to the investors in the past months with a rise of 150%. However, Cardano is also facing a volatile situation now with its price going down drastically. Fortunately, crypto enthusiasts suggest that this could be a brief plummet and Cardano will be back on the track soon.

Binance Coin was one of the few cryptocurrencies that reached its peak in 2017 during the bull market. Unfortunately, it later plateaued and decreased in value. In 2021, Binance Coin is being rallied at a moderate price. Although the pierce growth is comparatively low, Binance Coin still manages to keep its upward graph going. Many Indians see Binance Coin as a stable form of investment.

Whether you believe it or not, Ripple has a large investment base in India. Many Indian local investors and agents suggest their customers invest in XRP to maintain stable growth over their potential investment. Ripple gained its popularity in 2017 and was also chosen by global baking corporations as their preferred cryptocurrency. It became a silent method for the bank to send and receive payments.

Although pegged to the US dollar, Tether has many people in India who are interested in cryptocurrency. Tether is famous in the digital currency circle for its unique functioning. Unlike bitcoin that is valued based on its market capitalization and investments, Tether is backed by a fiat currency that is admired across the globe. Besides, it maintains a stable and consistent value for the digital token.

After breaking from ethereum, a few people in the leadership team created Polkadot with a better network. Polkadot works on several lanes of the transaction to make it fast and easy. The digital token rewards genuine investors and picks out others who trade just to make money fast. Unfortunately, Polkadot’s short history makes it critical for comparison. Therefore, even Indians give a second thought when they plan to invest in Polkadot.

Did you Know?

What’s the world’s most widely used cryptocurrency? If you think it’s Bitcoin, which accounts for about 70% of all the digital-asset world’s market value, you’re probably wrong. It's Tether!

Stablecoins are a type of cryptocurrency linked to an asset like the US dollar. Their prices remain stable and are not volatile like other cryptos. Stablecoins stay pegged to the same value as that is their function, said Ishan Arora, Partner, Tykhe Block Venture, a crypto hedge fund. They were primarily used to buy other cryptocurrencies, like bitcoin, because many cryptocurrency exchanges didn’t have access to traditional banking. Initially, stablecoins were used as a hedge against the bear market, said Hitesh Malviya, founder, itsblockchain.com. "You can convert your positions into stable coins whenever you want to book profits or to wait to enter into a new position. Traders and investors also use stable coins for investing in DeFi, NFTs, token sales and trading altcoins." USD Coin and Tether are backed by the US dollar. Tether is one of the oldest stablecoin. It was launched by American cryptocurrency exchange bitfinex. USD Coin was launched and operated by Coinbase and others. Both cryptos hold more than 70 per cent share in the global stablecoin trading market. VISA started using USD Coin for transaction settlement in April this year. The majority of the stablecoins use the US dollar as their benchmark asset, but many are also pegged to other fiat currencies like the euro and yen. "Since fiat currencies are pegged to an underlying asset, such as gold or forex reserves which act as collateral, their valuations remain free from wild swings of crypto currency markets," said Darshan Bathija, Co-founder & CEO, Vauld. The value of stablecoins is pegged against the US dollar and other foreign currencies, and it remains stable most of the time. "But there are some algorithm stable coins like frax share which derive its value based on reserved assets such as the US dollar, gold, or any other foreign currency," added Malviya. Should you invest in stablecoins? According to market experts, stablecoins are one of the safest investments in crypto, and there are some staking pools that offer over 10 per cent annual interest when you stake your stablecoin in their pool. "Some stablecoins also employ algorithms to manage supply and demand of the coin so what is in circulation matches what’s held in reserve," added Bathija of Vauld. Arora of Tykhe said countries might have their own digital currencies based on the stablecoin system. "Stablecoins are not an investment option. They are used to hedge your investment," he added.

Bitcoin ( BTC)- US$45,275.90 (up by 1.39%)

Ethereum (ETH)- US$3,296.61 (up by 0.61%) 

Cardano (ADA)- US$2.40 (down by 1.28%)

Tether (USDT)- US$1.00 (up by 0.07%)

Binance Coin (BNB)- US$401.33 (up by 0.57%)

XRP (XRP)- US$1.07 (up by 0.63%)

Solana (SOL)- US$166.18 (up by 3.72%)

Polkadot (DOT)- US$35.70 (down by 0.54%)

Dogecoin (DOGE)- US$0.2376 (down by 1.27%)

USD Coin (USDC)- US$1.00 (up by 0.05%)

The cryptocurrency prices here are according to the CoinMarketCap, which is a global cryptocurrency market cap with US $2.07T with a volume of US $2,068,063,077,095 billion over the past 24hrs with an increase of 1.46% over the last day.

Cryptocurrency prices keep changing every now and then as it is highly volatile. To help investors in investing in the right cryptocurrency. Analytics Insight comes up with the top 10 cryptocurrencies prices to invest in on September 3rd, 2021. 

Bitcoin ( BTC)- US$49,535.50 (up by 0.17%)

Ethereum (ETH)- US$3,821.25 (up 1.69%) 

Cardano (ADA)- US$2.96 (down by 1.93%)

Binance Coin (BNB)- US$487.46 (down by 0.77%)

Tether (USDT)- US$1.00 (down by 0.00%)

XRP (XRP)- US$1.28 (up by 3.66%)

Solana (SOL)- US$133.63 (up by 17.71%)

Dogecoin (DOGE)- US$0.2967 (down by 0.74%)

Polkadot (DOT)- US$33.46 (up by 4.09%)

USD Coin (USDC)- US$1.00 (up by 0.02%)

The cryptocurrency prices here are according to the CoinMarketCap, a global cryptocurrency market cap with US $2.23T and with a volume of US $128,195,883,139 billion over the past 24hrs with an increase of 0.37% over the last day.

ForeverFOMO, which clocked in at a price of $0.00001453 and had surged to 655.60 per cent, was the top gainer. (representative image)

CAPITAL X CELL was the top loser cryptocurrency which had a price of $0.04075 and had slumped by 98.73 per cent over the last 24 hours.

The global crypto market cap on Friday stood at $1.90 trillion with signs of an overall market slump that clocked in at 1.91 per cent on the decline over the course of the last day, according to CoinMarketCap. Inverse to this, the total crypto market volume over the last 24 hours stood at $132.89 billion which indicated that there was an increase of 36.44 per cent. Data also suggested that the total volume in DeFi was, at the time of this article, around $20.84 billion or 15.68 per cent of the total crypto market 24-hour volume. The volume of all the stable crypto coins on the market at the time of this article was $106.79 billion or 80.35 per cent of the total crypto market’s 24-hour volume.

With that in mind, it would also serve to note the rise and fall of some of the top gainers and losers in the cryptocurrency market over the last 24 hours.

In terms of the top gainers, the number one gainer on Saturday was an altcoin by the name of ForeverFOMO, which clocked in at a price of $0.00001453 and had surged to 655.60 per cent according to data from CoinMarketCap. Coming in at second place was VATICAN FINANCE with a price of $0.00009493. This altcoin had surged up by the same amount. Following that was Black Diamon. This cryptocurrency carried a price of $0.000001179 and was trading green at 273.66 per cent over the last 24 hours, data suggested. The last two altcoins that made the top five were Kwikswap Protocol and Teddy Cash with a price of $0.07871 and $3.05 respectively. Kwikswap Protocol had surged up by 266.50 per cent over the last day, whereas Teddy Cash was gained by 140.91 per cent over the same time frame.

Coming to the top five losers, the number one spot went to altcoin, CAPITAL X CELL, which had a price of $0.04075 and had slumped by 98.73 per cent over the course of the last 24 hours. Coming in at second place was MiniSports Token with a price of $0.000000000279. This cryptocurrency was trading red at a rate of 59.01 per cent over the last day.

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Top 5 Cryptocurrency Gainers (According to data from CoinMarketCap)

1) ForeverFOMO - $0.00001453 – 655.60 per cent change over the last 24 hours

2) VATICAN FINANCE - $0.00009493 – 655.60 per cent change over the last 24 hours

3) Black Diamond - $0.000001179 – 273.66 per cent change over the last 24 hour

4) Kwikswap Protocol - $0.07871 – 266.50 per cent change over the last 24 hours

5) Teddy Cash - $3.05 – 140.91 per cent change over the last 24 hours

Top 5 Cryptocurrency Losers (According to data from CoinMarketCap)

1) CAPITAL X CELL- $0.04075 – Traded 98.73 per down cent over the last 24 hours

2) MiniSports Token - $0.000000000279 – Traded 59.01 per cent over down the last 24 hours

3) Ether Matrix - $0.0002129 – Traded 48.85 per cent down over the last 24 hour

4) KangarooCake - $0.000002677 – Traded 48.37 per cent down over the last 24 hours

5) Astro Gold - $0.0005378 – Traded 47.18 per cent down over the last 24 hours

On the other end of the spectrum, we have the more notorious cryptocurrencies such as Bitcoin, Ethereum, Cardano and Tether. The top cryptocurrencies were trading mixed on Friday as Bitcoin was trading downwards at 0.17 per cent over the course of the last day with a price of $42,727.53. It was also trading red over the course of the week at 12.06 per cent. Ether was also trading red at 0.40 per cent with a price of $2,916.67. Over the last seven days the coin slumped by 17.01 per cent. Cardano and Tether were trading green over the last 24 hours at a rate of 5.55 per cent and 0.05 per cent respectively. Cardano was, however, trading red over the course of the week at 3.00 per cent, while Tether was surging by 0.09 per cent for the same time frame.

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Tagsbitcoincryptocurrencyfirst published:September 25, 2021, 15:35 ISTMore NewsPhotogallery

There are more than a thousand cryptocurrencies in the market, at the moment, and the most popular one out of the lot is Bitcoin. With frequent market volatility, choosing the right cryptocurrency, apart from the ever-expensive Bitcoin, for investment becomes an overwhelming task. To help you make smart investments, here are the best cryptocurrencies with the most growth potential in September. 

Cardano is touted for its proof-of-stake validation, which reduces transaction time and uses less energy. Because environmentally friendly coins have become the latest hot topic, Cardano serves the purpose. It also has many use cases as it enables smart contracts and decentralized applications. Compared to other cryptos of its kind, Cardano sees less market volatility. 

XRP is a token created by Ripple, a digital technology and payments processing company. To enable the exchange of other cryptocurrencies on the network, XRP can be traded for traditional currencies as well. XRP has seen massive growth over the years and now several banks are using this blockchain network for their modern banking functions. 

Binance Coin is used to trade other cryptocurrencies and pay fees on Binance, one of the biggest cryptocurrency exchanges in the world. It was launched in 2017 and can now be used for many functions like even booking travel arrangements. If you are going to invest in cryptocurrencies for the first time, it’s best to invest in Binance first and then trade it for other cryptocurrencies. 

While there is not much hype around Dogecoin at the moment, this digital coin still attracts many investors. Cryptocurrencies like Bitcoin come with a limited coin supply, but Dogecoin has no limit. What was started as a joke in 2013 is now seeing a myriad of supporters, from billionaires to celebrities? 

Tether is a unique cryptocurrency as it is a stable coin. Stable coins are backed by fiat currencies like the US dollar or the Euro, which means anyone who buys 1 Tether coin will be guaranteed the value of one fiat currency. Theoretically, this means Tether’s value will be more stable than other cryptocurrencies amidst market volatility.

USD Coin is also a stable coin with its value pegged to the US dollar. For every USD Coin bought, the investor will be assured the value of US$1. This coin is powered by Ethereum which means it can complete transactions on a global scale. 

Landshare is created to leverage the real estate industry. Based on the Binance Smart Chain and DeFi principles, users can use Landshare for house flipping projects, and make passive income via rents. Launched in August this year, Landshare is gradually getting traction. Initially, it was priced at US$3.6, and at the time of writing, it is trading at US$2.67. 

There are more than 7000 cryptocurrencies in the market that use various blockchain networks. Polkadot’s aim is to integrate them all by creating a cryptocurrency network that connects all the blockchains to work in sync. This ambitious mission has attracted many experienced investors, booming Polkadot’s growth. 

Ethereum is the network that powers the token Ether. Ethereum is a developer’s favorite platform as it supports smart contracts that allow them to create apps based on the network. Ethereum has also seen massive growth over the years. Second to Bitcoin in market cap, it is now receiving more attention as the network announced its new upgrade Ethereum 2.0 that brings changes to this blockchain network and makes the token more environmentally friendly. 

Uniswap runs on the Ethereum network and powers Uniswap crypto exchange. This exchange works on an automated liquidity model for trading, with no involvement of a bank or a broker. Uniswap is also an open-source platform, so anyone can use the code to create new exchange platforms. This token was launched in 2020, and in one year grew to become the 10th largest cryptocurrency.

Cryptocurrencies are growing to become stronger investment options as months go by. In August, Bitcoin reached closer to its all-time high of US$60,000 by reaching US$50,000. Keeping an eye on the crypto trends and headlines, the bullish run is giving several traders the confidence to buy more cryptocurrencies. For that, Analytics Insight has made this of the best cryptocurrencies to invest in this weekend. 

The first half of 2021 saw the crypto market crash and Bitcoin becoming half of its all-time high to US$30,000. In August, the price bounced back and now Bitcoin is trading at the value of US$47,000. This price drop is a good sign for new crypto investors who want to buy Bitcoins and reap the profits.  

Next to Bitcoin, Ethereum is the second biggest cryptocurrency. Its blockchain network revolutionized the DeFi sector and made way for decentralized apps. Recently, Ethereum launched its much-awaited new update that will improve the transaction fees and reduce Ether’s inflation. This change makes it easy for investors to decipher the value of investing in Ether and give miners a fair fee.

XRP is one of the most popular utility tokens in the market. Created by Ripple, XRP’s blockchain platform aims to set up cross-border currencies without any friction. Since its launch, many banks have realized the capabilities of this token and the volume of transactions on this network has increased since then. One of the top 10 cryptocurrencies to buy, XRP has a bright future in the crypto market.

As a stable coin, Tether is unlike most cryptocurrencies in the market. A stable coin is a digital token that has a fixed value and is pegged to a fiat currency, like the Euro or the Dollar. Similarly, Tether has a fixed value of US$1 or equivalent and maintains US$1 in reserve for each Tether issued.

USD Coin is a more popular stable coin as its value is only pegged to the US dollar. Stable coins withstand market volatility better and offer a more risk-free investment option. This is apt for new investors who want to make their first move in the market. 

Cardano is known for its proof-of-stake network. Its open blockchain platform is open-source and decentralized. It can facilitate peer-to-peer transactions with its native token, Ada. Founded by Ethereum co-founder Charles Hoskinson, Cardano is one of the most reliable cryptocurrencies to invest in.

Dogecoin, originally made as a meme, has become a legit cryptocurrency with high potential. It has made enough headlines, thanks to Elon Musk’s obsession with making cryptocurrencies trending. All the hype played in favor of this coin and its value that grew more than 50% since its inception. It’s also one of the cheapest cryptocurrencies to invest in.

Binance Coin is a token native to the Binance exchange, one of the largest cryptocurrency exchanges in the world. As long as there is activity on the Binance exchange, Binance coin will continue to steadily grow. Ranked among the top six cryptocurrencies in the world, Binance coin can be used to trade other cryptocurrencies as well.

Litecoin is a rival for Bitcoin’s blockchain network. Litecoin aims to pay for everyday goods and services with transactions faster than Bitcoin. Litecoin has been recognized for its practical purpose by market experts and trade merchants. This means Litecoin is a crypto that can suddenly take on a bull run.

Similar to Ethereum, NEO is a platform for smart contracts. Launched in 2014, NEO’s mission is to improve Ethereum’s network by offering the same utility functions via a more sophisticated blockchain. While NEOs network is superior to Ethereum, it will only reach its full potential in a couple of years. The wait will be worth it for investors.

Analytics Insight lists the top 10 current cryptocurrency prices on September 06, 2021

Bitcoin (BTC)- US$51,732.66 (up by 3.70%)

Ethereum (ETH)- US$3,918.89 (up by 1.28%)

Cardano (ADA)- US$2.89 (up by 0.64%)

Binance Coin (BNB)- US$499.55 (up by 1.12%)

Tether (USDT)- US$1.00 (down by 0.00%)

XRP (XRP)- US$1.32 (up by 5.78%)

Solana (SOL)- US$140.17 (down by 1.14%)

Dogecoin (DOGE)- US$0.3112 (up by 3.39%)

Polkadot (DOT)- US$34.05 (up by 5.43%)

USD Coin (USDC)- US$0.9998 (downby 0.02%)

According to CoinMarketCap, the global crypto-market cap is US$2.33Twith a volume of US$120.17 billion over the last 24 hours with adecrease of 4.12%.