Ethereum stops, Solana climbs while Bitcoin Pepe wins
Ethereum stops, Solana climbs while Bitcoin Pepe wins
fear remains the central emotion in the cryptocurrency area; An aspect that is on most big and meme coins. Despite internal challenges, the Ethereum Prize continues to act among short-term and medium-term moving average. Nevertheless, the constant trust of investors Bitcoin and Solana benefited.
At the same time, clever investors are looking for opportunities in new crypto projects. The first bitcoin-meme ico has Style = "Font-Weight: 400"> Bitcoin Pepe awakened the interest of the investors. It aims to bring the meme culture to the stable Bitcoin network and to offer Meme lovers a reliable platform, lower fees and speed of transaction in the Solana style.
Ethereum Prize stagnates, since ETH-ETFs and OI show a lower investor trust
The disappointing performance of Ethereum remains a concern for many crypto enthusiasts. The leading Altcoin usually reflects Bitcoin's price movements. While the leading cryptocurrency tries to recover, the Ethereum Prize remains below the short-term and medium-term moving sections of 25 and 50 days.
In addition, a decline in the open interest (OI) and the net inflows of the spot ethereum ETFs indicate low interest in investors. This is particularly noteworthy, since the high institutional demand in the past was an essential part of the attractiveness of ether.
Data from Sosovalue showed net inflows on Thursday. In fact, the TOP 9 Spot-ET-ETFs recorded all zero inflows. Since the beginning of April there have been a number of drains with just one session of tributaries and another with zero tributaries.
In addition, the OI is currently $ 18.26 billion, which is significantly below the highest level of $ 32.3 billion at the end of January. As a performance indicator, the OI pursues the options and futures contracts of a asset to emphasize the participation of investors.
as in the daily price diagram, the Ethereum Prize is expected to fluctuate between the support zone of $ 1,515 and the decisive support zone of $ 1,750. Even with further recovery, the altcoin will probably remain below $ 1,850 at short notice.
increased interest in Bitcoin Pepe succeeds in the first 10 weeks of sale
The first Bitcoin meme ico in the world created Bitcoin Pepe the long-awaited bridge between the world of meme coins and the stable Bitcoin network. In fact, it is this unique merger that fueled the virality of the project, even before going public.
In the first 10 weeks of its advance booking, the project collected over $ 6.8 million. In addition, 8 of a total of 30 phases are sold out; This ensures the early investors 40.5% profit.
Solana price is in the relaxation despite increased investor confidence
Solana has developed into a leading blockchain and plays an important role in the NFT and defi ecosystems. Despite the ongoing macroeconomic uncertainties
A look at your daily diagram shows that the old coin acts over the 25- and 50-day emas (exponential sliding average) while it lists a steady recovery. In the short term, the area between $ 123.82 and the current resistance zone of $ 141.88 can be observed. With the entry of other buyers, the bulls could have the opportunity to break the resistance to the next destination at $ 150.25
The article Ethereum stagnates, Solana rises while Bitcoin Pepe is taking away speed first appeared on Coinjournal.