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Many altcoins are showing significant strength as they approach their 200-day moving averages, this suggests that the sentiment in the sector remains bullish.
The recent surge in Bitcoin price led to rallies in Ethereum, Cardano, Theta Token and Band Protocol, can the upswing continue?
Most major cryptocurrencies have seen strong buying at lower levels, which shows traders remain interested in buying the dips.
Inside the Ethereum co-founder’s mental model of Satoshi.
Bitcoin could be setting up for a drop below $8,200, which could present many buy the dip opportunities for investors
If Bitcoin remains in an uptrend, these altcoins are likely to outperform the other major cryptocurrencies this week.
Bitcoin is likely to consolidate between $8,800-$10,000 over the coming week
Cardano is working on a crypto-native microchip that would enable crypto transitions without the internet access, potentially delivering fiat-like experience to the hundreds of millions around the world.
Cardano development company will be joining the Hyperledger Project and W3C focusing on the enterprise use cases as part of its bid for the next five years.
Most major cryptocurrencies have turned down from their immediate resistance levels, which suggests a minor correction in the next few days.