Altcoin The total market value of the largest five members of the Stablecoins, which is an important branch of the market, reached $ 204.7 billion and broke a historical record. Tether (USDT), USD Coin (USDC), USDSEthena’s USDand DAIThe increase in market value of these stablecoins, which consists of, shows that investors are turning from risky assets to cash -like vehicles. Experts indicate that this trend points to the increase in liquidity and risk strategies in the market, while technical analysis reveals that some crypto currencies give signals of recovery
HISTORY OF THE STABLECoin Market
According to the latest data stablecoinThe total market value of the ‘s for the first time exceeded the $ 200 billion limit and reached $ 204.7 billion. This increase in market value is especially Bitcoin $82,275.12 And at a time when the volatility in Altcoins increases, it reflects the tendency to protect investors’ portfolios. Market participants attribute the increase in demand for stablecoins to the uncertainty in the crypto currency market.
The value of stablecoins shows that investors are looking for a “safe harbor ında by selling crypto currencies in their hands. For example, big like USDT and USDC coinmarket value of 8 percent and 5 percent in the last three months, respectively. Experts emphasize that this may be a harbinger of short -term corrections, but may be considered a positive indicator for market health in the long term.
On a single screen instant prices, important data, news, latest developments, comments and discussions at Chat! Come right away from your eyes!
Technical indicators in some altcoins give a recovery signal
Experienced Crypto Money Analyst Ali MartinezEthena’s ENA Coin’s weekly graphic TD Sequential indicator with the “Hammer” formation announced. The formation of this formation strengthens an important wave of rise for the price. Similar signals according to Martinez Chainlink 
$14.07 (LINK) and Celestia (TIA) is also seen in assets.
Chainlink’s $ 14.30 and Celestia’s current price levels of $ 3,11 are considered critical support zones by technical analysts. TD sequentialThis is a signal of recovery altcoin‘s can soon enter a new upward trend. However, experts say that it is important to follow the general market trend as well as technical indicators.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
