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  • Market Cap

For the past few weeks, Bitcoin has been the talk of the town, first thanks to Elon Musk, then because of its price. Though the market showed signs of ‘extreme fear’, most retail traders were viewing this as an opportunity to ‘buy the dip’. Bitcoin’s price, at the time of writing, jumped around 6% (over 24 hours) to trade just under the $37k mark.

Though BTC dominance dipped to a 41%, this was another indicator that altcoins could surge in the current market. Dutch crypto trader and analyst Michaël van de Poppe tweeted recently that the rate at which bitcoin was consolidating was ‘fine’. He further suggested that altcoins like Ethereum and Cardano would start surging once Bitcoin marks the bottom.

Still, #altcoins against $BTC are doing fine. Just consolidating.$ETH and $ADA are knocking the doors of the yearly highs and are eager to break through.

I think they will once #Bitcoin is bottomed.

— Michaël van de Poppe (@CryptoMichNL) June 8, 2021

 

Source: Twitter

The analyst further stated that ‘the altcoin market capitalization is still holding above the 21-Week MA.’

He further elaborated on the ‘hot trending coins’, Ethereum and Cardano. With regard to Cardano’s price trajectory, the analyst had projected a bullish run in his past analysis as well, and this time was no different. The same was the topic of discussion in a recent Youtube video.

With reference to the graph below, the analyst said: ADA/BTC pair was ‘attempting to target a new yearly high somewhere in the 0.000062 area, with potential gains of 34.7% from its current price of 0.000046. This could result in Cardano going above $3.’

He stated:

“Cardano doesn’t care and is ready for new yearly highs on the Bitcoin pair.”

ADA/BTC:

Source: Twitter

 

Moreover, the ADA /USDT pair painted a similar picture. He stated:

“Cardano also showing continuation here, that’s great. However, it must hold current support at around $1.50.”

ADA/USDT:

Source: Twitter

Having said that, the renowned crypto analyst was quick to acknowledge another important aspect as well. He tweeted:

Comments; #Cardano went down more than $BTC this week.

Yes, I’m going to add a partnership with an optician in the coming months.

This is $ADA against $BTC, not against $USD.

If $ADA remains flat against $BTC and $BTC / $USD drops 10%, then $ADA / $USD is also down 10%.

— Michaël van de Poppe (@CryptoMichNL) June 8, 2021

At the press time, the 5th largest coin was trading at the $1.57 price level with a surge of around 0.35% in the past 24 hours.



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The New Jersey Crypto News
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Ripple
    • Dogecoin
    • All Alt Coin
  • Learn
    • Learn

      How to Trade Futures Contracts on Changelly PRO

      11/14/2021

      Learn

      EtherLite (ETL) Cryptocurrency Price Prediction

      11/12/2021

      Learn

      How to Trade Bitcoin Futures

      11/12/2021

      Learn

      How to Start Trading Cryptocurrency

      10/21/2021

      Learn

      How to Create Your Own Cryptocurrency

      10/13/2021

  • Analysis
    • Analysis

      Bitcoin is Struggling, But It’s Too Early to Say Bulls Have Given Up

      12/29/2021

      Analysis

      Sushi Up 17% Amid DeFi 2.0 Rescue Rumors

      12/29/2021

      Analysis

      Ethereum Recovery Could Soon Fade If ETH Fails To Surpass $4k

      12/28/2021

      Analysis

      Charles Hoskinson Shares Cardano Plans for 2022

      12/28/2021

      Analysis

      Bitcoin Prints Bullish Pattern, Why BTC Could Surge To $50K

      12/27/2021

  • Blockchain
    • Blockchain

      Iran Bans Crypto Mining to Avert Major Blackouts in Winter Season

      12/29/2021

      Blockchain

      Italian Sports Car Maker Ferrari Inks Multi-Year Deal With Blockchain Firm Velas Network AG…

      12/29/2021

      Blockchain

      ProShares Files for New Metaverse ETF With U.S. SEC

      12/28/2021

      Blockchain

      Ozzy Osbourne Reveals Cryptobatz NFT Project Paying Tribute to His Iconic Bat Bite –…

      12/28/2021

      Blockchain

      Binance Trading Platform Licenses in Bahrain, Canada

      12/28/2021

  • Market Cap
  • RelevantRelevant(REL)$0.825.35%
  • Heart NumberHeart Number(HTN)$0.000553-30.47%
  • TadpoleTadpole(TAD)$7.32-1.76%
  • SEENSEEN(SEEN)$2.05-2.27%
  • EvedoEvedo(EVED)$0.082301-0.80%
  • MarginswapMarginswap(MFI)$0.184214-2.17%
  • SakeTokenSakeToken(SAKE)$0.0127234.37%
  • WTF TokenWTF Token(WTF)$0.0113500.16%
  • BNSD FinanceBNSD Finance(BNSD)$0.005460-5.83%
  • RobotinaRobotina(ROX)$0.00266138.50%
  • CageCage(C4G3)$0.005010-3.67%
  • YAM v2YAM v2(YAMV2)$4.70-1.41%
  • PolkaBridgePolkaBridge(PBR)$0.439876-7.02%
  • DSLA ProtocolDSLA Protocol(DSLA)$0.003681-6.85%
  • lympoLympo(LYM)$0.004392-4.43%
  • Falcon ProjectFalcon Project(FNT)$0.000366-2.23%
  • DYORDYOR(DYOR)$0.00002020.53%
  • TICOEX TokenTICOEX Token(TICO)$0.0013640.52%
  • MMS Cash TokenMMS Cash Token(MCASH)$1.000.00%
  • bitcoinBitcoin(BTC)$30,478.002.77%
  • ethereumEthereum(ETH)$2,079.502.75%
  • tetherTether(USDT)$1.000.08%
  • usd-coinUSD Coin(USDC)$1.000.14%
  • binancecoinBNB(BNB)$303.284.12%
  • rippleXRP(XRP)$0.4311062.02%
  • cardanoCardano(ADA)$0.589.81%
  • SolanaSolana(SOL)$56.1210.54%
  • Binance USDBinance USD(BUSD)$1.00-0.03%
  • polkadotPolkadot(DOT)$11.433.28%
  • dogecoinDogecoin(DOGE)$0.0908743.90%
  • AvalancheAvalanche(AVAX)$34.415.58%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$30,483.003.04%
  • Lido Staked EtherLido Staked Ether(STETH)$2,040.583.18%
  • tronTRON(TRX)$0.0707530.91%
  • Shiba InuShiba Inu(SHIB)$0.0000133.92%
  • VectoriumVectorium(VECT)$425.81-3.49%
  • daiDai(DAI)$1.00-0.01%
  • Power CashPower Cash(PRCH)$0.017570881.24%
  • AlexAlex(ALEX)$0.068435-0.04%
  • CronosCronos(CRO)$0.1949545.25%
  • matic-networkPolygon(MATIC)$0.716.02%
  • litecoinLitecoin(LTC)$68.330.45%
  • NEAR ProtocolNEAR Protocol(NEAR)$7.005.41%
  • LADZLADZ(LADZ)$0.0686894.36%
  • leo-tokenLEO Token(LEO)$4.95-0.06%
  • FTX TokenFTX Token(FTT)$31.852.11%
  • HederaHedera(HBAR)$0.389473-3.44%
  • bitcoin-cashBitcoin Cash(BCH)$203.97-2.23%
  • RareRare(RARE)$0.0461220.00%
  • cosmosCosmos Hub(ATOM)$12.2014.56%