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Top 5 Cryptos-XTZ-BNB-BSV-ETH-LINK

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Top 5 Cryptos-XTZ-BNB-BSV-ETH-LINK

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The top 5 crypto of the week -XTZ-BNB-BSV-ETH-LINK

Bitcoin has extended its strong run this year by a move above the psychologically critical level of $10,000. The positive sentiment in Bitcoin is leading the crypto space higher. In 2020, most major altcoins have been outperforming Bitcoin, which shows investor interest has picked up in them once again.

However, the focus of the crypto industry remains on the forthcoming Bitcoin halving. Coinbase believes that the supply rate reduction will further cement Bitcoin’s position as digital gold and it will act as a rival to gold in the digital age. 

American provider of investment data Weiss Ratings has also upgraded its rating for Bitcoin to A- due to “improving fundamentals and positive price action ahead of Bitcoin’s next halving.”   

Crypto market data weekly view. Source: Coin360

Morgan Creek Digital co-founder & partner Anthony Pompliano believes that Bitcoin has started its journey towards his target objective of $100,000 by the end of the Dec. 2021. BitMEX Co-Founder & CEO Arthur Hayes is also bullish but he wants a measured move up. He tweeted: “Slow and steady wins the race. Let’s take the staircase up to #bitcoin $20k.” 

With bullish voices all around, do the technicals of the top performers also point to a further rally? Let’s analyze the charts to find out.

XTZ/USD

Tezos (XTZ) is the top performer of this week with a rally of above 40%. The altcoin has been an outperformer in 2020 as it has rallied about 77% year-to-date. Can it build on its momentum? Let’s study its chart. 

XTZ USD daily chart. Source: Tradingview

The XTZ/USD pair recently completed the breakout of an ascending triangle pattern. This setup has a minimum target objective of $3.35. However, we anticipate the up move to face resistance at $2.50 and above it $2.90. 

Due to the sharp rally of the past two weeks, the RSI has entered into the overbought zone, which points to a possible consolidation or a minor correction in the next few days. 

Usually, after the breakout of a pattern, it is seen that the price retests the breakout levels. In this case, a retest of $1.85 is possible. If this retest holds and the price bounces off it, a low-risk buying opportunity opens up. Our positive view will be invalidated if the bears sink and sustain the price below $1.85. 

BNB/USD

Binance Coin (BNB) has made an entry into the top performers’ list after a long time. Several fundamental events this week received a thumbs up from the traders. Binance launched futures trading for Zcash (ZEC) and BNB this week. 

The exchange added support for the Russian ruble, which allows the users to make the purchases using their Visa banking card. Binance hired Iskander Malikov, former chief operating officer at TradingView, as the new director of fiat to boost its fiat-to-crypto gateways. 

The market participants also seem excited about a new product called Binance Cloud that is expected to be unveiled in the next few days. Can these developments boost prices? Let’s study the chart.

BNB USD weekly chart. Source: Tradingview

The sharp up move of this week scaled above the overhead resistance at $18.50 and $21.80. This shows that the BNB/USD pair has picked up momentum. The price has reached $23.5213, which is likely to act as a stiff resistance.

If the price turns down from the current levels but does not give up much ground, it will increase the possibility of a breakout above $23.5213. A breakout above this level is likely to start a new uptrend. The first level to watch on the upside is $32 and above it a retest of the lifetime highs is possible.  

However, if the price reverses direction from the current levels and sinks below $20, the pair might extend its stay inside the $18.50 to $23.5213 range for a few more days.

BSV/USD

Bitcoin SV (BSV) completed a scheduled upgrade named Genesis, which has removed the default hard cap for block sizes. Now, it is up to the miners to manage the consensus of block size and transaction capacity on the network. 

Similar to the positive rumblings about the forthcoming Bitcoin halving, BSV’s price is also showing a positive movement before its upcoming halving in April. 

BSV USD daily chart. Source: Tradingview

After two weeks of consolidation, the bulls are attempting to resume the uptrend. This shows that the dip from $458.74 to $244.34 did not scare away investors. The buyers purchased the retest of the breakout level of $255.62, which was its previous high.

Though the price broke above the overhead resistance at $337.80 this week, the bulls are struggling to sustain the higher levels. This shows that some investors who are stuck at higher levels are offloading their positions. 

If the price stays below $337.80, the BSV/USD pair might remain range-bound for a few more weeks. However, if the bulls can sustain the price above $337.80, a rally to the lifetime highs at $458.74 is possible. The RSI remains in the overbought zone, which warrants caution.

ETH/USD

Ether (ETH) rallied about 17% in the past seven days and turned out as the fourth-best performer. In an Ask Me Anything session, Danny Ryan from Ethereum Foundation said that he expects Ethereum 2.0 — Phase 0 to “launch by July 30, 2020 (the 5th anniversary of Ethereum 1.0).” 

Can the price action remain bullish leading up to the transition from proof of work to proof of stake? Let’s study the charts to find out.  

ETH USD daily chart. Source: Tradingview

The up move in the ETH/USD pair picked up momentum this week and broke above the resistance at $197.75. We anticipate the bears to mount a strong defense at $235.70. If the price turns down from this level, it might remain range-bound between $235.70 and $197.75 for a few days.

However, if the bulls succeed in breaking and sustaining the price above $235.70, the pair is likely to rally to the $318.238 to $366 resistance zone as there is no significant roadblock in between. 

On the downside, the bulls will hold the advantage as long as the price remains above $197.75. A break below this level will turn the trend in favor of the bears.

LINK/USD

Chainlink (LINK) rounded up the top 5 performers with a move of about 15% in the past seven days. Does its chart project a further move higher? Let’s see. 

LINK USD daily chart. Source: Tradingview

The LINK/USD pair has broken out of the large range it had been stuck in for the past few months. This shows that the bulls have overpowered the bears and they continue to buy at higher levels. 

The target objective of the breakout of the range is $4.5, which is just below the lifetime high at $4.5826. We anticipate the bears to defend the lifetime highs aggressively.

Our bullish view will be invalidated if the bulls fail to sustain the price above $3 and the price dips back below it. In such a case, the pair might extend its consolidation for a few more weeks. 

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.

The market data is provided by the HitBTC exchange.

 



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Dow Jones Stocks Warren Buffett Dump

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Dow Jones Stocks Warren Buffett Dump

Americans may be surprisingly bullish on shares, but it does not mean it’s an easy time to be a Dow Jones bull. In an unprecedented health crisis to economic data whose nearest precedent is the Great Depression, there’s no lack of dangers to keep up the most despicable optimist. However, for investors, there is something even more terrifying than a historic contraction or the chance of a tide of coronavirus infections.

It’s the embarrassing experience of watching the stock market rally aggressively while Warren Buffett sits out the recovery.

Berkshire Sends Three Dow Jones Stocks To The Cutting Room Floor

After Berkshire Hathaway revealed that it hadn’t just dumped airline stocks that gnawing feeling grew even more pronounced. The investment company also spent the first quarter slashing exposure to three Dow associates.

It was not all that surprising to visit Travelers Companies abandoned on the cutting room floor. But it was unsettling to see Goldman Sachs and JPMorgan — two of Warren Buffett bank stocks — begin to fall out of favor with the Berkshire Hathaway boss.

Yet it is not all bad news for Dow Jones bulls. The Oracle of Omaha remains gambling big on a handful of the indicator’s 30 components. And while he may not be doubling down, it is clear the Berkshire is convinced these six shares will weather the ongoing crisis and emerge just as powerful as before.

Warren Buffett Bets Big On The Dow’s Most Important Stock

Dangers are faced by stocks with exposure to China. Alongside the extensive hit to the international economy, companies like Apple face extra pressure in the mounting risk of another breakdown in U.S.-China trade relations.

But that doesn’t appear to have shaken Berkshire Hathaway’s certainty in the $1.35 trillion technology giant, which is the most heavily weighted component from the Dow Jones Industrial Average.

Apple remains the largest holding in the portfolio of Warren Buffett. His firm owns an estimated $77.2 billion worth of AAPL shares.

Coca-Cola & Consumer Staples Fortify Berkshire Against Downside Risk In The Stock Market

Up next is a string of defensive stocks that may mitigate Berkshire’s downside risk if the stock market will pivot reduced.Coca-Cola is the name in this group. Buffett and Berkshire own more than 9% of outstanding KO shares, worth an estimated $17.3 billion.

They have small positions in the following two of the Dow’s consumer staples stocks — Procter & Gamble and Johnson & Johnson — although PG and JNJ shares account for less than $90 million of the assets of Berkshire.

Goldman’s Pain Is Visa’s Gain?

Don’t confuse Warren Buffett’s sudden U-turn on Goldman Sachs and JPMorgan as a canary in the coal mine for the entire financial sector.

Berkshire added to its stake in PNC Financial during the first quarter, and it keeps a massive 18.8% stake in DJIA component American Express. Its position in Visa is smaller (0.5percent ), although the $1.9 billion value of the investment still represents a sizable bet.

The coronavirus pandemic presents American Express and Visa with its threats, but in addition, it presents a chance.Social distancing measures may accelerate the transition away from cash payments and toward”contactless” methods. This could benefit charge card issuers who have integrated contactless payment functionality in their systems.

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Bakkt Bitcoin App Soon to Hit marketplace

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Bakkt Bitcoin App Soon to Hit marketplace

Institutional-grade Bitcoin (BTC) trading platform Bakkt could soon see its program hitting the marketplace. Bakkt President, Adam White, on May 18, 2020, said the highly-anticipated program is available for sign-ups for exclusive updates and premature access.

Bakkt Bitcoin App Coming Soon

Bakkt, the high-profile Bitcoin trading platform aimed toward institutional investors has managed to gain enormous attention within the cryptocurrency distance from day one. Bakkt is still one of the Bitcoin trading platforms in existence today, Even though the platform has its fair share of ups and downs. Having a vision to bring assets Bakkt is burning the midnight oil to appeal to institutional and retail investors alike. In the latest round of upgrades, White reiterated that Bakkt continues to drive toward the launch of its app.The upcoming launch of Bakkt’s program is particularly important as it is widely regarded as one of the biggest efforts at propelling cryptocurrency adoption into the mainstream. The app will enable assets to be spent by users with only a couple of taps at their merchants. Through the program, users will also be able to transfer digital assets to friends and family, or convert them to fiat.

Bringing Digital Assets to Institutional Investors

White added that over 70 investors have been onboardeded by Bakkt onto its warehouse custody alternatives. Substantiating on the digital asset custody business of Bakkt, White reported a collaboration with the Digital Asset Risk Transport team underscores the devotion to custody of the platform from Marsh.For the uninitiated, Marsh is one of the world’s leading insurance brokers. Of the collaboration, as well as the 125 million insurance in the Bakkt Warehouse, Bakkt customers will then be able to buy more than $500 million in insurance coverage, White noted.White further said that Bakkt recently completed a SOC 1 Form I evaluation by KPMG plus a SOC 2 Type II examination of enterprise-wide functions and their ICE infrastructure the Bakkt Warehouse depends upon by PwC. White added:

“These audited controls and procedures are crucial to our institutional customers and directed Tagomi, among the most popular crypto prime agents, to select Bakkt as their preferred bitcoin custodian. Tagomi customers can now custody with Bakkt for 0.1% per year while retaining access to best-trade execution and settlement through the Tagomi platform. “

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Investing at the Ideal Crypto Could Produce 7x Returns in 24 Months

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Investing at the Ideal Crypto Could Produce 7x Returns in 24 Months

Crypterium (CRPT), the namesake utility token of the award-winning fintech startup, is recorded among the most valuable resources of this calendar year 2020. The well-known crypto expert and editor of Palm Beach Research Group has recorded CRPT alongside four other tokens in the 2020 Phenomenon Playbook. The 2020 Phenomenon Playbook is a distinctive investment record that briefly analyses some of the groundbreaking crypto projects of the day to forecast its valuation and marketplace functionality. According to the report, CRPT has the capacity to enroll a 700% profit over two years as the Crypterium project occupies a crucial place in the cryptocurrency ecosystem, making spending and acquiring cryptos as simple as cash.

What Makes Crypterium Special?

The system acts as a bridge between the fiat and crypto ecosystems by allowing its users to buy crypto using fiat, send crypto to bank accounts, store in wallets and even spend crypto in places that take fiat using the mobile app and physical cards.

Crypterium makes all these possible by leveraging partnerships with major financial institutions and smart contracts. Fueling these transactions is the CRPT token, which is the utility token of the entire Crypterium ecosystem.

Acknowledging the organization’s unique status in the crypto ecosystem, and also the considerable YoY progress achieved, Tiwari states,

“We think the Crypterium program will go viral, and ultimately, thousands of customers will flock to it to buy, borrow from and spend their crypto winnings”

The worth of CRPT is directly correlated to the number of trades that happen over the Crypterium network. The report puts growth in GDV during the first quarter of 2020 at 400 percent over the year’s value during precisely the same period. In the next two decades, the value is projected to increase 20-fold to $100 million and reach $1 billion in the third year.

Even before the report was published, CRPT has been showing signs of growth. With the 2020 Phenomenon Playbook strengthening the positive sentiment connected with CRPT, the token’s valuation is expected to gain a substantial increase in the coming days.

If the forecasts were to hold true, then CRPT’s value will be at least $1.92 over 24 months. The 2020 Phenomenon Playbook also comprises Solve.

Care (SOLVE), which could potentially revolutionize the medical industry for a bonus. In these troubling times of this COVID-19 pandemic, people are urgently looking for investment choices that can generate high yields. The majority of the traditional investments aren’t great enough as the entire international economy has entered a continuing bear market. However, cryptocurrencies have been the outliers from the fiscal ecosystem and a number of them are able to offer a much greater return on investment compared to others.

The 2020 Phenomenon Playbook provides prospective investors with a listing of crypto tokens with huge expansion potential, and most of these tokens are still valued at a portion of the purchase price of the present leading cryptocurrencies. The report printed notably by somebody known for his accurate forecasts of financial events, such as Ethereum’s meteoric rise, will encourage a lot of people to purchase into the next Bitcoin. While the report forecasts that the growth over a period of two years, it might inevitably accelerate the procedure in the present day situation, and all of the favored tokens may enroll huge short-term gains too. It is up to the investors to decide whether they wish to put money into CRPT and other tokens, hodl for a couple of years or longer, or make profits over the short-term.

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Disclaimer: 9ja Informative's content is meant to be informational and should not be interpreted as investment advice. Trading, buying or selling cryptocurrencies should be considered a high-risk investment and every reader is advised to do their own research before making any decisions. 9ja Informative receives compensation with respect to its referrals for out-bound crypto exchanges, crypto wallet websites and affiliate links.