Bitcoin price surged above $72,000, which is a significant performance above its previous price. The bullish trend is said to create some level of liquidity within $800 million worth of leveraged shorts, closing a significant resistance level.
Also read
Why you should consider Avalanche - $AVAX
Meanwhile, the price surge within bitcoin has created a positive performance network within utilities. Cryptocurrencies in recent time have been literarily gaining momentum with price increases, and the impulsive growth towards the upside has been witnessed with many community utilities. This has gained investors traction, created market optimism, and made it easy to increase their portfolio.
This article is aimed at exploring the world of cryptocurrency to buy, doing a fundamental review of the coin, and helping investors make informed decisions on which cryptocurrency to invest in.
Cryptocurrency to buy
In recent time, the price surge within the bitcoin ecosystem has created a price increase within many community utilities, which witnessed an impulsive price value within some coins. Although many investors liquidated their portfolios in the previous bitcoin retracement, investors are meticulously scouting for utilities outperforming in the recent bitcoin retracement to upscale their portfolios for capitalization.
In light of this, Mantle and Kaspa show an example of a price surge with impressive performance and a price surge. Mantle has added 5% value within the recent bitcoin price increase, and Kaspa has not relent in its performance with its impulsive move; it's gained the traction of investors with its recent 1.8% value added.
This coin has so much significance for the for the growth of their ecosystem, which will be reviewed in this post.
Read Also
Mitigation- a crypto trading technical analysis strategy.
Mantle (MNT)
Mantle is built on the Ethereum ecosystem; its aim is to coordinate everything on the blockchain quickly without inciting any traffic issues. It's MNT that works as government, primarily for paying gas fees within the ecosystem, growing the ecosystem, and governing the community.
Mantle growth philosophy is seen in its 24-hour performance; the coin has scaled up with an impulsive move within 24 hours with a 6.33% value increase and a significant price surge of $1.03. However, it has experienced an impulsive sideways bounce within the past few weeks, which left it to linger at $0.9 support for some weeks before gaining a significant uptrend to its current price. The market volume increased by 3.78%, leaving the circulating supply at 3,264,441,708.
Mantle's amazing performance can be traced to its recent partnership with the Metacene gaming ecosystem to launch their project on Mantle, which gives it an easy avenue for users to get rewards for completing simple tasks while playing games. This becomes a huge channel for Mantle to maintain an uptrend in the market.
The 10 simple moving average and 200 exponential moving average are below the current price, which implies optimism for a market bull run in the coming weeks. However, the relative strength index hovers around the 50 midline level, showing an uptrend currently at 54, and the RSI might increase to an overbought zone seeing the buy pressure.
Kaspa-KKAS
Anyone familiar with the GHOSTDAG protocol will definitely associate it with Kaspa; unlike traditional blockchain, Kaspa GHOSTDAG does not isolate blocks created; instead, it allows them to coexist in agreement.
The technology makes transaction processing faster and more scalable compared to the traditional blockchain model.
The amazing utility has grown in recent time; it's had significant performance in the last 24 hours; it has 1.16% value increase with a significant price increase of $0.1794. The price surge complements the market volume by 3.34%, giving it a circulating supply of 23,848,456,452.
Kaspa's price surge can be traced to the new cryptocurrency and upgrade in their ecosystem; it just launched an ultra-fast network with over 4,500 coins and tokens to choose from. This new innovation becomes leverage for users and investors to add to their portfolios.
Although Kaspa has maintained a bull run with a significant price increase, the relative strength index hovers around the 70 midline level, indicating an uptrend, but currently at 74, the RSI might hit an overbought zone seeing the level of buy pressure. However, the market is still optimistic if it bears; it will retrace in a short time to maintain its bull run, signaling investors a confirmatory zone to position for the next bull run.
Comments
Post a Comment