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Author Topic: Top 5 Cryptocurrencies to Watch This Week  (Read 254 times)
cryptonx
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August 31, 2020, 10:38:07 PM
 #1

here is the lists BTC, ATOM, LEND, XEM, YFI
Bitcoin is likely to consolidate for a few days but during this time select altcoins are likely to extend their up-move.
if history were to repeat itself, Bitcoin could consolidate for another 3-12 months before making a decisive move.
During this period, when Bitcoin remains range-bound, several other altcoins are likely to rally in rotation.
For the past few months, the market action has been in the DeFi tokens, which have been in a bull run of their own.
So, while Bitcoin consolidates, let’s look at some of the altcoins that could provide an opportunity in the short-term.

read the full analysis here

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September 01, 2020, 12:09:30 AM
 #2

Mentioned alcoins area really owning these days, especially the ATOM.
But what my attention attract is the XEM/BTC.
Multiple horizontal resistance broken if you will check the higher timeframes on the chart.
Here's the chart for the 1hour timeframe of XEM/BTC. It's again creating a continuation bullish pattern, with voume is decreasing, kinda ready to explode again.





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September 04, 2020, 12:59:19 PM
 #3

Obviously everyone will have their own assumptions to determine what is the best altcoin because everyone also analyzes according to what they know and we can't rule out their predictions. all may make predictions with the assumption that he thinks is the best.
I currently still believe that Chainlink is a very good token if we look at how many times the growth has been obtained from the first time enter the market. BNB, LTC and it looks like the top altcoins are still deserved for investment.

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September 04, 2020, 01:11:36 PM
Merited by TGD (1)
 #4

Guys, most of the altcoin will rise once BTC price recover. So it's better to wait on BTC to buy altcoins rather than speculate now on the price because even though the coin is showing a bullish chart while BTC is still not finish on correction then it will never start pumping and will stay below RSI. Most of the altcoins is correlated to BTC.

As you can see on the majority of altcoins right now except DeFi(because they are overbought even before BTC dump) are showing a bullish chart. This second price surge of BTC will surely bring a strong buy power to all altcoins


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September 04, 2020, 01:23:37 PM
 #5

I'm not saying this week, but this month there will be an interesting altcoin, it's XZC,
don't think about 5 coins, just think about 1 altcoin and buy, because now XZC is very cheap

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September 04, 2020, 04:44:12 PM
 #6

I'm not saying this week, but this month there will be an interesting altcoin, it's XZC,
don't think about 5 coins, just think about 1 altcoin and buy, because now XZC is very cheap
There is nothing wrong with investing in several alt coins at once because that way we can analyze which alt coins can give us an advantage, investing in a lot of alt coins will certainly give us a greater opportunity to be profitable as long as the alt coins we invest in have good prospects. In the future, even though the market is starting to be bearish, of course not all alt coins will experience a decrease in price so there could be alt coins that we have invested in, the price might go up so that it can cover losses from other alt coins that have decreased in price.

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September 04, 2020, 04:54:43 PM
 #7

Most of the altcoins is correlated to BTC.


Agreed in this and it makes sense that BTC is dictating the trend for the majority of altcoin, Only the stable coin is not affected by BTC volatility.



For me, $LINK, $UMA and $OIN is the coin that need to watch when crypto market recover, that 3 project have a solid feature and developer behind that will surely drive the price up for the long run. Most of the altcoin will explode next week when market recover and it is better to choose a solid project that can provide a steady price growth and not because on pure hype only like of most the DeFi coin like Sushi, AMPL, YFI and Yam.

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September 04, 2020, 05:28:44 PM
 #8

Most of the altcoins is correlated to BTC.


Agreed in this and it makes sense that BTC is dictating the trend for the majority of altcoin, Only the stable coin is not affected by BTC volatility.



For me, $LINK, $UMA and $OIN is the coin that need to watch when crypto market recover, that 3 project have a solid feature and developer behind that will surely drive the price up for the long run. Most of the altcoin will explode next week when market recover and it is better to choose a solid project that can provide a steady price growth and not because on pure hype only like of most the DeFi coin like Sushi, AMPL, YFI and Yam.


Well, stable coins will not affect Bitcoin's volatility when dumped or pumped.

There are a lot of coins to watch out for at the moment where they are experiencing a tremendous increase I am sure many traders have benefited greatly from this trend including YFI and other pseudonyms but on the other hand I am still not sure whether this is hype or not but many people trust the YFI token.

I better choose an old coin to pay attention to because it's pretty sure for me when bitcoin has recovered the altcoin will show its own season.

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September 04, 2020, 11:58:36 PM
 #9

YFI is a hot topic for each week.

They have a higher price than bitcoin because of the low supply and it's trending.

Guys, most of the altcoin will rise once BTC price recover.
I agree. From the experiences that I've got in watching the market. It's always bitcoin that's the starter. If it starts to recover, everyone will but not almost all.

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September 05, 2020, 03:59:28 AM
 #10

there are too many types of YFI out there, but to be honest I see a list of 4 altcoins that are not very interested except btc, the market is currently controlled by bitcoin prices, so they will follow the market trend on bitcoin, don't align bitcoin with those 4 altcoins, ETH it's still the prima donna, it's just that ETH 2.0 hasn't been released it's really annoying, oh yeah right now the market is down right now so we don't really see that increase right now in those 4 altcoins

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September 05, 2020, 04:37:59 AM
 #11

YFI is a hot topic for each week.

They have a higher price than bitcoin because of the low supply and it's trending.

Guys, most of the altcoin will rise once BTC price recover.
I agree. From the experiences that I've got in watching the market. It's always bitcoin that's the starter. If it starts to recover, everyone will but not almost all.

When it comes to YFI, better be careful on this project. Because this is one of the projects that is puzzling to me. Because their platform is in beta, no active use case and yet their price is more expensive than btc. Seems that there's something dubious as to why their price is too expensive. Not a fan of YFI by any means. But scammers are trying to get the share of this YFI hype, creating projects with YFI on their names and so on.

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September 05, 2020, 09:52:11 AM
 #12

YFI is a hot topic for each week.

They have a higher price than bitcoin because of the low supply and it's trending.

Guys, most of the altcoin will rise once BTC price recover.
I agree. From the experiences that I've got in watching the market. It's always bitcoin that's the starter. If it starts to recover, everyone will but not almost all.

When it comes to YFI, better be careful on this project. Because this is one of the projects that is puzzling to me. Because their platform is in beta, no active use case and yet their price is more expensive than btc. Seems that there's something dubious as to why their price is too expensive. Not a fan of YFI by any means. But scammers are trying to get the share of this YFI hype, creating projects with YFI on their names and so on.
I'm not going to invest on it. I still don't understand how it works and why many got hooked up to this project.

If a project is like this, I'm not that quick to invest on it. I'm not so sure if others have understood it well and invest their money on it just because of it.

Too many scammers are also getting involved for copying the idea of YFI.

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September 05, 2020, 11:57:07 AM
 #13

Everyone has their own picks when choosing a coin that will give them huge profita and also we  have our different opinions and predictions about the coins were holding.


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September 05, 2020, 12:12:34 PM
 #14

YFI is a hot topic for each week.

They have a higher price than bitcoin because of the low supply and it's trending.

Guys, most of the altcoin will rise once BTC price recover.
I agree. From the experiences that I've got in watching the market. It's always bitcoin that's the starter. If it starts to recover, everyone will but not almost all.

When it comes to YFI, better be careful on this project. Because this is one of the projects that is puzzling to me. Because their platform is in beta, no active use case and yet their price is more expensive than btc. Seems that there's something dubious as to why their price is too expensive. Not a fan of YFI by any means. But scammers are trying to get the share of this YFI hype, creating projects with YFI on their names and so on.
I'm not going to invest on it. I still don't understand how it works and why many got hooked up to this project.

If a project is like this, I'm not that quick to invest on it. I'm not so sure if others have understood it well and invest their money on it just because of it.

Too many scammers are also getting involved for copying the idea of YFI.

The idea of yearn finance is good and the token power to vote on the direction of the project move is impressive too. The only thing I hate about YFI is the hype on the price. The token itself has no value and it was clearly stated by the founder after its release, Only speculation and pure hype driving the price high. Holders are boasting about it's limited supply but in the long run, The token has no financial benefits to the holders which is very risky especially right now that the price is too overbought.

Imagine if you buy 1 YFI above 3BTC then drop down to 0.1BTC. You will lose tremendously especially when you all in. YFI is good for swing trading but I never recommend it for a long term holding.


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September 05, 2020, 02:28:14 PM
 #15

here is the lists BTC, ATOM, LEND, XEM, YFI

Is the guy who wrote this article talking about XEM? will this XEM:

https://coinmarketcap.com/currencies/nem/

or have another? because honestly I don't see this altcoin as a good investment, in my opinion it's very risky to put money on that altcoin

YFI, LEND and ATOM they are altcoin that have risen a lot in prices in a short time, i would expect to see them fall more to buy if i were to invest in these altcoins

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September 07, 2020, 12:29:39 PM
 #16

Honestly... Most DEFI projects is trash. Bunch of hype, with nothing to show for it, leading these projects to crash hard.

Ethereum based DEX's which doesnt work as they where intended because ETH can't scale. Slow transactions, high fees.

2nd layer solutions fixes this, and XSN is working on this. They're working with the Lightning Network team as well as the Raiden Network team to build what Uniswap is today, but with instant exchange settlements through decentralized off chain settlements on these layer 2 solutions.

So I'm watching Stakenet very very closely these days.  Wink
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September 07, 2020, 07:13:01 PM
 #17

here is the lists BTC, ATOM, LEND, XEM, YFI
Bitcoin is likely to consolidate for a few days but during this time select altcoins are likely to extend their up-move.
if history were to repeat itself, Bitcoin could consolidate for another 3-12 months before making a decisive move.
During this period, when Bitcoin remains range-bound, several other altcoins are likely to rally in rotation.
For the past few months, the market action has been in the DeFi tokens, which have been in a bull run of their own.
So, while Bitcoin consolidates, let’s look at some of the altcoins that could provide an opportunity in the short-term.

read the full analysis here
I personally agree a little with what you suggest but in this case it looks like xem is not the right alt coins for me, because right now I am more interested in DIA and I think DIA is one of the alts coins that deserve more on your list than XEM at this time, we can see how now his project has developed quite well to encourage an increase in the price of the current DIA coin in the market.

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September 07, 2020, 08:27:51 PM
 #18

this week there are only Bitshares that I see, BTS is very juicy now, this altcoin survived the Bitcoin dump,
very lucky for traders and investors who own BTS, congrats


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Sirait
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September 07, 2020, 11:17:58 PM
 #19

Here's a list that I think is good = VeChain, Bitcoin, some DeFi tokens, DOT, and ADA.

I'm not saying this week, but this month there will be an interesting altcoin, it's XZC,
don't think about 5 coins, just think about 1 altcoin and buy, because now XZC is very cheap
XZC is a great choice, I have your back. XZC has a history of good pricing and reached $ 169 (ATH) in December 2017. but it looks like the price has not moved well in the last few months.


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September 07, 2020, 11:58:42 PM
 #20

here is the lists BTC, ATOM, LEND, XEM, YFI
Bitcoin is likely to consolidate for a few days but during this time select altcoins are likely to extend their up-move.
if history were to repeat itself, Bitcoin could consolidate for another 3-12 months before making a decisive move.
During this period, when Bitcoin remains range-bound, several other altcoins are likely to rally in rotation.
For the past few months, the market action has been in the DeFi tokens, which have been in a bull run of their own.
So, while Bitcoin consolidates, let’s look at some of the altcoins that could provide an opportunity in the short-term.

read the full analysis here

That's quite difficult to see those other altcoins to move up high since the market wasn't able to sustain at longer period of times. We must take a serious decisions right now, keep on holding your asset and don't fall upon the current trap because you might make a bigger mistake. Hopefully, people wouldn't lose their grip once whales shot their luckiest card to get back their profit.

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