Cryptocurrency is becoming more and more approachable among investors, they are considering cryptocurrency not only for the short term but also for the long term. To make it effortless for you, we are going to discuss some of the crypto coins that have been topping the market cap again and again. The total market value of cryptocurrencies rose above $2 trillion last month as bitcoin continued to climb along with other coins. So let’s begin our podcast and let’s see which coins are the best for investment.
Crypto assets are moving towards becoming mainstream with many brands around the world accepting cryptocurrency as a form of payment. The current bull run is expected to continue and we are highly optimistic that bitcoin will hit the $100,000 mark by the end of this year”,Mr. Shivam Thakral, CEO Buyucoin.
BITCOIN PRICE PREDICTION (BTC/USD)
World’s largest and most popular cryptocurrency BTC price roar back over $50,000. On Friday, 3rd of September 2021, bitcoin successfully made the first daily close above $50,000 since May. El Salvador has begun to install Bitcoin ATMs to allow citizens to convert the cryptocurrency into US dollars, and the government has established a $150 million fund to support Bitcoin conversions to US dollars. So, after a fairly disappointing summer, things are looking good for the leading cryptocurrency. Above all, several industry analysts predict that BTC will exceed $100,000 by the end of the year.
On the 5th of September, Bitcoin rallied and broke through the first major resistance level at $50,000 again. BTC takes its support from EMA and MA and breaks the $50,000 resistance. At the time of writing, Bitcoin was up by 3.74%. The next resistance level is at $ 53,000. There can be a pullback from this resistance level, so it may go up to the $53,000 mark this week else may go sideways. As bulls are in majority it can go up to $53,000 this week. My sure-shot bid will be on BTC, hope it will soon reach $60,000.
CARDANO PRICE PREDICTION (ADA/USD)
Cardano made a huge leap to the 3rd highest market cap because of the anticipation of the Alonzo hard fork in September 2021. The hard fork will allow Defi, non-fungible tokens (NFTs), and gaming apps to go live on Cardano.
Cardano became the 3rd largest Cryptocurrency after Bitcoin and Ethereum with a market cap of over $90B. It has been one of the best performing cryptocurrencies in the top market cap. On 1st September 2021, ADA broke through $3 for the first time and registered its all-time high. The prospect of a software upgrade on Cardano boosted the price to an all-time high on 1st September.
This move of Cardano token helped it rush as the investors gathered for more environmentally sustainable tokens. This year alone Cardana has registered a 1300% rush in its price. The ADA coin is currently going through an all-time high and is expected to surge to a greater extent in the near future. ADA is moving in a rising parallel Channel (marked in blue) and, it may take its support and we expect it may reach up to $3.88 if bulls still remain in the majority otherwise ADA has its major support at $2.44.
ETHEREUM PRICE PREDICTION (ETH/USD)
After lifting just under 37% in August, Ethereum starts September with an 11% incline in a day as it rides the current wave of non-fungible token (NFT) love.
NFTs sales are usually based on Ethereum Tokens, together with the London Hard Fork upgrade all the Ether tokens have sent prices on a bull run. Things are looking so promising in fact. Would these events be good enough to make Ethereum a good investment?
Ethereum closed out Wednesday above the $3,800 mark for the first time since May. ETH has broken through its resistance level of $3,300 and is now rallying towards $4,000, the next resistance level.
ETH is very close to manifesting a position above $4,000. Ethereum has been recently trading at around $3,954 (at the time of writing ). The pullback saw Ethereum fall back through the 3rd major resistance level at $4,014 to end the day at $3,900 levels.
In a highly bullish scenario, Ethereum’s price might continue to climb to test the 100% Fibonacci retracement level at $4,699.Things will go away if the selling pressure pushes Ethereum price to $3,757 (First Major Support Level)
RIPPLE PRICE PREDICTION (XRP/USD)
Ripple is one of the crypto assets performing great this year in terms of providing a seamless payment gateway experience. At the time of writing this, Ripple (XRP) trades at $1.37 with a 24-hour trading volume of $30 billion. XRP rallied by 6.22% on Monday, following a 4.25% gain on Sunday. Ripple’s XRP ended the day at $1.39.
XRP has finally broken the August high at $1.35 after spiking high at $1.41. The coin reached $1.36 during mid-August and started to trend lower from there inside a symmetrical triangle(shown in the chart). The triangle was finally broken at the start of September as XRP started to surge inside a rising price channel. XRP found support at $1.25 over the weekend and rebounded from there to break $1.30. The continued surge in prices of XRP might break the one-month high. The First resistance lies at $1.40. On the other side, the support lies at $1.36. At the time of writing, XRP was down by 0.93%, as the resistance level is at $1.40.
Since August, XRP has been trading above the EMA and MA. The price of XRP has undergone numerous positive moves that are greater than the preceding one. Furthermore, these are immediately followed by fluctuations, consolidation, and corrections. Taking this into account, XRP is in a competitive market this year. Conversely, if the investors turn against the crypto, the down-trend phase might take over and which can result in loss of its grip on the uptrend position. Meanwhile, our long-term XRP price prediction for 2021 is bullish. It has a high possibility of surpassing its current all-time-high (ATH).
LITECOIN PRICE PREDICTION (LTC/USD)
After Bitcoin, which was launched in 2011, Litecoin is one of the earliest and most rudimentary cryptocurrencies. The digital asset, which was a formidable challenger to Bitcoin, was always ranked among the top ten cryptocurrencies in terms of market capitalization.
LTC rallied by 16.30% on Friday and 9.51% on Sunday. The resistance level is at $230. On Monday, the LTC price bounces back from the resistance level by 5.52%. Litecoin broke through the first major resistance level at $209 but bounced back as it faced the resistance. At the time of writing, Litecoin was down by 1.31% to $218.84. Litecoin fell from an early morning high of $222 to a low of $215.04 due to a gloomy start to the day. LTC is encountering resistance at $230, although it has a support level at $208 and a significant support level at $187.
*Note: The information on these pages includes forward-looking statements that are subject to risks and uncertainties. The markets and instruments mentioned on this page are provided for informative purposes only and should not be interpreted as a recommendation to purchase or sell these assets. Before making any financial decisions, you should conduct your own thorough investigation.