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Reading: It’s Time for Cryptocurrencies, Experts Explained One by One
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EdaFace Newsfeed > Latest News > Crypto News > It’s Time for Cryptocurrencies, Experts Explained One by One
Crypto News

It’s Time for Cryptocurrencies, Experts Explained One by One

vitalclick
Last updated: October 17, 2024 5:33 pm
4 months ago
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Bitcoin $67,355 The price was at $67,000 at the time of writing and started to return from the last $68,000 test. For now, the price is holding at $66,740. Different experts have different predictions about the current outlook. Today we will consider long-term views. Here’s what’s waiting for the markets. The views of Ki Young Ju and others may provide insight to investors.

The Future of CryptocurrenciesENA and XMR Coin Review

The Future of Cryptocurrencies

Analyst pseudonymous Nagato Google Trend He examined the data and wrote that despite all the good news, searches are still not at the desired levels. This means that we may be on the eve of a much bigger rally, considering the current high prices and the events that the market needs to price in.

“I share Google Trend data. Search data for Bitcoin worldwide for the last 5 years. BTC It’s just 9% away from its all-time record price, and yet the interest rate is about the same as the lows of the last bear market. This is beyond funny. The whole world is still in deep sleep. No one seems to care about this industry except us crypto enthusiasts.

This is exactly what you want to see. No interest from NPCs = opportunity. Now all we need is Bitcoingoes into berserk mode and NPCs start flocking back. You can’t even imagine how quickly everything will escalate when the time comes. “Be prepared for the days when you will sell to them, they deserve it.”

While new investor interest is weak, futures are becoming overleveraged. This shows that inside investors are making much more transactions. Ki Young Ju says shallow moves favor excessive leverage. In other words, shallow volatility should no longer be a leverage opportunity for inside investors and parabolic movements should begin.

ENA and XMR Coin Review

One of the leading privacy-focused altcoins monero It was excluded by many exchanges. For the altcoin, which still attracts attention due to its privacy aspect, which is seen as the currency of the Darkweb, the analysis nicknamed ANBESSA shared the chart below and talked about its predictions.

“XMR is the most used on the dark web cryptocurrency unit and therefore it actually has a solid usage area. It is one of the few true privacy coins in this space. However, in my 8 years of crypto career, I have only shared two setups for this coin.

My first call was HTF top alert in 2018 (perfect timing). My second call was the HTF breakout XMR/BTC bottom – followed by a bull trend. One thing you should never do is get emotionally attached to a project just because it makes you money. As a member of the lion pride, you know that price action is key. We follow liquidity, excitement and the market in general. When we look at XMR, we see that it has essentially been a stablecoin for the dark web for the last 2.5 years. Frankly, this doesn’t fit our r/r criteria. I aim for multiple x rallies each month. The only thing that matters is opportunity cost -> Don’t marry dinosaurs, marry ready-made installations!”

According to the analyst, boring movements may continue and new opportunities look more attractive. However, with an upward break, the $518 level could be tested.

TraderXO has published its latest analyst and predictions for ENA Coin. Here he mentions that if he sees a pullback to the 0.329 level, he can buy with a target of $0.457.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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