In recent months, many cryptocurrencies, including bitcoin (BTC), have come close to crashing. They have managed to stay afloat despite the many turbulences in the cryptocurrency market. For example, Bitcoin (BTC) managed to hold about $20,000. According to recent data, 5 digital assets should soon provide business opportunities. Here is what the graphs of these five cryptocurrencies indicate.
BTC, XRP, UNI, QNT, and EGLD
In recent days, BTC has struggled to break above the 50-day simple moving average at $19,961. This means that the bears have not given up yet. Meanwhile, the bulls are struggling to succeed in driving the price of Bitcoin (BTC) higher in the short term. If they succeed, the BTC/USDT pair may rise up to $22,800. Otherwise, the bears will take over to bring down the major cryptocurrency. BTC price could then drop to $18,626, then to $17,622, or even $15,000.
Moreover, cryptocurrency analysts believe that if XRP can break above $0.56, it could easily reach $0.66. Then if rising Continue to fight, the price can Change to $0.80. However, the bears may be more steady, as the price climbs to $0.41. Moreover, Uniswap (UNI) is currently hovering around $6.57. Under the influence of bulls, it can reach $7, or even $8.67. But, the bears are threatening to bring it down to $6.20, and then to $6, or even $5.66.
The Quantum Cryptocurrency (QNT) currently costs $152.53. With any luck, it could hit $162, then $200, before Aiming for the $230 mark. But if the price drops sharply from the current level, QNT could drop to $130. Finally, the bears are pulling Elrond (EGLD) towards $53. They can drop the cryptocurrency to $47 or even $45. Meanwhile, the bulls are pushing the price above $57. They’re targeting $62, then $70 mark.
According to analysts, Bitcoin (BTC), XRP, Uniswap (UNI), Quant (QNT), and Elrond (EGLD) are promising assets. After coming close to crashing in the past few days, these 5 cryptocurrencies could soon provide great opportunities for traders.
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Far from dampening my enthusiasm, an unsuccessful investment in cryptocurrency in 2017 only fueled my enthusiasm. So I decided to study and understand the blockchain and its many uses and pass on my pen information related to this ecosystem.