MATIC price is up 47.66% since July 21, establishing one of the better rallies in the cryptocurrency complex over that time. The rally has placed Polygon at the junction of the symmetrical triangle’s apex with the 50-day SMA at $1.07.
The price staged a rebound in Jul after dropping near the 38.2% Fib retracement at $0.971, marking the fifth consecutive month of a bullish reversal from the level. ADA has shaped a head-and-shoulders pattern with a measured move of approximately 60%.
VeChain price has built on the rebound from the 50-week SMA, registering a 15.21% gain last week and closing July with a minor decline of -1.64%. The persistence of the Anchored VWAP has been containing a rally continuation since the July 26 high.
Shiba Inu price has trended lower in a descending parallel channel since the May crash, offering only brief opportunities from low probability patterns or setups. The weak performance is a marked deviation from the extreme price events in early May.
BTC continues to rise after briefly dipping below the $30,000 level. Musk reveals his opinions on the big crypto since Tesla stopped accepting BTC payments. Core Scientific mining firm announced its plans to list on the NASDAQ.
If you’re interested in using virtual coins like Bitcoin, Ethereum, Litecoin or any other out the over 1,500 coins and tokens currently available on the market, you’re going to need a wallet. If you are new to cryptos, this guide is your shortcut to understanding what a cryptocurrency wallet is, how they work and which one suits you best.
27 min Beginners Beginners
So you've heard a lot about cryptocurrencies and wanted to give it a try. Most likely, you are overwhelmed with the sea of unknowns, and your mind is blowing from endless questions: Where to start? How to proceed? What are the best practices? How to escape pitfalls and not to fall victim to fraudsters?
16 min Beginners Beginners
The volatility of cryptocurrencies prices
The cryptocurrencies prices are highly volatile compared with the traditional currency pairs and assets in the foreign exchange market due to fluctuations in the interest of the public. This factor is associated with the user and we must add the absence of current regulation and its constant pressure from governments. These factors make the volatility of the digital currencies constant, modifying the Cryptocurrencies Market Prices and affecting values of such cryptocurrencies as Bitcoin, Ethereum, Ripple, Cardano, Stellar Lumens, VeChain, Litecoin or Chainlink, among others.
To begin trading in this volatile market it is necessary to be well aware of the market prices of cryptocurrencies. The cryptocurrency investor has to differentiate between Bitcoin and the wide variety of existing Altcoins and should be well informed about their graphs and quotes, as well as the latest news related to these digital currencies.