While Ethereum is rising, the decline led by the Bitcoin market!
Ethereum news – After a one-week recovery in the cryptocurrency market at the end of January, it started to decline again. Along with the leading digital asset Bitcoin, altcoins also started to decline. On the other hand, the second largest digital currency, Ethereum, changed the balances with a strong rise.
Is Bitcoin price preparing for a bull move?
The leading cryptocurrency, Bitcoin, had risen in the new weeks following the stop ETF sections and started to decline with the subsequent GBTC sales. After its move, GBTC showed a strong rise to 43,000, which created an upward price pressure on Bitcoin. On the other hand, it started trading below this critical level on Wednesday, January 31. It continues to see a 1 percent decline in the last 24 hours at $42,970.
However, analysts predict a bullish movement for Bitcoin. With the upcoming BTC halving effect and the strong recovery shift observed, the presence of a reversal at the MVRV level of $40,500 suggests that it could potentially start a strong concomitant movement.
While Ethereum is rising, altcoins are falling!
Ethereum price, which has been following a dynamic trend for the last week, left altcoins behind with an increase of 2 percent. While the decline among altcoins continued, Ethereum regained some of its price and continued with 2,337 transactions. It is also seen that the total network performance of Ethereum increased during this period and the interest of new users in the altcoin increased during this period.
ETH is a good example of charts
While the Ethereum price is rising, the XRP price, which has been on a slight rebound lately, has lost more than 4 percent in the last 24 hours. XRP provides savings in the form of cash flow and a good price for the altcoin.
There was a 2 percent decrease in solana, which has recently made an attack with meme coins. There is a 25 percent increase in the trading volume of the altcoin, which was seen at $ 101.26 at press time. In addition, the news that the JUP token belonging to Solana‘s exchange jupiter will be listed on the Binance exchange paints an optimistic picture for the altcoin.
Cardano ADA is worth 3.25 minutes per day. According to the update, at $0.5114, as speculations around the apparent existence of Islam increase, the island volume also decreases.
pepe on the brink of heat: Can meme coins recover?
The last of January, meme coins in the future, Islam in the red zone are seen. The price of the popular meme coin PEPE has fallen sharply, losing 8 percent as of today. While the market value was 407.11 million dollars, the transaction volume increased by 24 percent in the last 24 hours. This shows that the interest in meme coin continues.
PEPE is a good example of graphs
Recently the price of important brats dogecoin has also been in decline. It decreased by 1.71 percent in one day to 0.07908. Its features, which are expected to rise with a bullish movement, have a long-term trend. On the SHIB front, it was a similar picture and the breast coin showed a decline of 1.86 percent.
Sponge V2, the biggest render token earner of the day, is getting ready to move on to a new stage!
While meme coins and altcoins fell, the Render (RNDR) token, which has a special level of cryptocurrency as a GPU rendering network, rose by 5.6 percent, reaching the level of 4.67. Along with the increase in its price, the asset’s trading volume increased by a surprising 90 percent and rose above the 50-day moving average. The recent downtrend broke the resistance level, signaling a potential trend change. Additionally, the daily Relative Strength Index (RSI) is currently above 70, indicating rising free buy rates.
RNDR has good graphics
While the Render token, together with Ethereum, structures the structure in the cryptocurrency market, it attracts attention with the Sponge V2 project, which is among the meme coins. In other words, you can project something like the Sponge V2 and see what you’re looking for.
Sponge V2 is a good idea
SpongeV2, the sequel to the Sponge coin launched last year, continues to become widespread with pre-sales. He stated that the X platform has a total stake and the project has raised $3,958,206.14 so far. There are many different types of equipment like AYP, 280′ or other. This is a perfect example of how to use the camera on the Kazan field and at the same time have the opportunity to see the other side.
Buying the SpogeV2 token is different from ordinary pre-sales. On the other hand, you can also use the Stake-to-Bridge website to find the information you need. To do this, you first need to purchase the V1 token. The crypto wallets used to purchase the token are MetaMask, Wallet Connect and Best Wallet. As a means of payment, it is possible to make purchases with cards other than ETH and USDT.
Visit Sponge V2
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