The Crypto Market Outlook
Stablecoins have been a significant part of the crypto market, accounting for 89.68% of the market’s trading activity during a specific period. Bitcoin, the leading cryptocurrency, saw a slight decline in dominance, dropping 0.28% within a day.
Coinbase’s SEC Petition
Coinbase, a prominent U.S.-based cryptocurrency exchange, sought customized regulations from the Securities and Exchange Commission (SEC) tailored for digital assets. However, the request was officially declined by the SEC chair, Gary Gensler, stating that the current securities framework adequately governs crypto asset securities.
BitTorrent-New (BTT)
BitTorrent-New (BTT) experienced a significant price surge of 96% in the last year, putting it ahead of 65% of other top cryptocurrencies. It’s showing signs of stability, consistently trading above the 200-day moving average. BitTorrent has also had 16 days of positive growth in the past 30 days. Experts predict a bullish trend for BitTorrent.
Gas (GAS)
Gas leaped by 236% in the past year, trading above its 200-day average, indicating price stability. Sentiments lean towards a bullish Gas price prediction, and with over 65 million GAS tokens in circulation out of a maximum of 100 million, experts foresee Gas as a promising crypto.
dYdX (DYDX)
dYdX has seen an increase of 78% in its price over the past year and offers substantial liquidity within the market, showing signs of a potential standout crypto in the near future. The sentiment about dYdXโs price prediction is neutral, reflecting a Fear & Greed Index score of 67 (Greed).
Immutable (IMX)
Immutable has risen by 370% annually and introduced a new platform that could eliminate gas fees for players, attracting over 200 games. The token has also seen consistent trading above its initial sale price and has healthy liquidity based on its market cap.
Bitcoin Minetrix (BTCMTX)
Bitcoin Minetrix introduced tokenization to provide a secure, transparent way to engage in decentralized Bitcoin (BTC) mining. Over 400,000 BTCMTX tokens have been staked. The ongoing presale of BTCMTX raised over $5,343,365, offering tokens at $0.011 per token.
Kava (KAVA)
Kava has joined forces with Injective to make stable assets more accessible in decentralized finance (DeFi), offering token rewards to encourage their use on Injective. Kava’s market looks positive, with predictions bullish and a Fear & Greed Index showing โgreedโ at 67.
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Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies.Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.
