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COTI Price soared by more than 25% in the last 24 hours. How high will the token rise?

Despite the crypto market’s steep decline, a few tokens appeared to do far better than the rest of the market. Coti is the cryptocurrency that is now

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Despite the crypto market’s steep decline, a few tokens appeared to do far better than the rest of the market. Coti is the cryptocurrency that is now quite bullish. Returning to all-time highs. COTI hit a low of $0.29 on Thursday, September 10th, and has been steadily rising since then. COTI is currently trading at $0.44, a 23.2% percent increase in the last 24 hours.

COTI is a cryptocurrency that does things a little differently. Its main purpose is to help businesses develop their own payment solutions while also allowing them to digitise their own currencies, and it has the infrastructure to do so.

New ATH on the way?

COTI has had a crazy journey in 2021. By March 23, the coin had risen from $0.047 in January to $0.5730. It then fell in step with the rest of the cryptocurrency market, reaching a low of $0.0892 in July as it bottomed out.

However, ahead of its exchange listings in August, it soared to a high of $0.4854, and it has since traded over $0.3. Although Coti could be on the verge of challenging the $0.50 bull flag high and pursuing ATH at $0.60. Following the breach, the token may soar to a new ATH of $1.

COTI’s stock has soared due to online anticipation that a major announcement will be made during the #CardanoSummit2021. COTI will unveil a brand-new product that will blow your mind. For much too long, it was undervalued.

Following the publication of the COTI treasury technology whitepaper and the tokens’ inclusion on crypto.com, the price of COTI has recovered.

Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks.She likes pets and shares her free time with NGO.

Source: https://coinpedia.org/price-analysis/coti-price-soared-by-more-than-25-in-the-last-24-hours-how-high-will-the-token-rise/

Coinpedia

Ethereum Price Buckling Up! This Is Where ETH Price Is Heading This Q4!

On-chain data of Ethereum has been impressive to all the ETH holders. As the network leaps over previous highs.

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ethbullish

The second-largest crypto by market capitalization holds its position firm against its hurricane-like hurdles. While the network desperately awaits an upgrade. The rate of adoption and transactions strain little to none.

On-chain data suggests a steady rise in the network. Meanwhile, the supply rate of Ethereum has been on a constant decline, despite its unlimited supply. Which is ever since the network’s upgrade to EIP-1559.

Ethereum’s Surf Over High Tides!

The leader of altcoins is regaining its pace, the digital asset has been under the rip currents for a brief time. However, the fourth quarter has been generous to the space, which has helped Ethereum and several other coins surf above the odds. Consecutively, the ETH price has been on a steady rise in recent times. And the network is breaking through the barriers, claiming newer accomplishments.

On-chain data of Ethereum has been impressive to all the ETH holders. As the network leaps over previous highs. The Q3 of Coinbase shows big money is favoring Ethereum over Bitcoin. While Bitcoin gets 19%, Ethereum gets 22%. Meanwhile, the number of addresses holding 0.1+ coins peaks an ATH. The daily on-chain exchange flow of ETH sees an influx of $882.2 M and an outflow of $1.2 B. Meanwhile, the net flow is negative by $289.1 M.

Likewise, the hash rate, mining difficulty, amount of supply last active for 3y-5y, Ethereum futures contracts have hit peaks. In addition, the burn rate at press time is 844,162 ETH. The supply squeeze has been more evident since EIP-1559. The staking contract hit over 8.2 M ETH, and 8M+ ETH is locked in De-Fi. Since October 1st more than 860k ETH left centralized exchanges, decreasing the supply count.

Cryptoproponent mentions that ETH supply doesn’t increase anymore, and the rate of change is almost zero post-London hard-fork. He further relates Ethereum’s supply to be scarce as Bitcoin.

Traders Look Out for These Crucial Zones!

ETH at press time is trading at $4714.87, with its market cap around $558,373,410,352. The trading volume around the clock is at about $26,082,500,731. Traders are optimistic of ETH price inching closer to $5,000. Michael van de Poppe gives out crucial zones to hold at $4,600 to $4,650.

On the other hand, another analyst believes the current ETH dominance of 20%, to below, and expects the dominance to rise to 30%. While ascending triangle is in the making. From previous movements, when the dominance of Ethereum was at 31.17%, on the 19th of June 2017. That of Bitcoin was at 37.84%.

Collectively, we can expect the start of the altseason, as the dominance of Ethereum grows. Whilst Bitcoin’s dominance subsides. Netizens are looking forward to ETH hitting $10,000 this Q4. On the contrary, the much-awaited ETH 2.0, holds the potential to resolve the current shortcomings. Which might accompany the network in near future.

The second-largest crypto by market capitalization holds its position firm against its hurricane-like hurdles. While the network desperately awaits an upgrade. The rate of adoption and transactions strain little to none.

On-chain data suggests a steady rise in the network. Meanwhile, the supply rate of Ethereum has been on a constant decline, despite its unlimited supply. Which is ever since the network’s upgrade to EIP-1559.

Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

Source: https://coinpedia.org/price-analysis/this-is-where-eth-price-is-heading-this-q4/

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Coinpedia

Crypto Market Is Swinging Again! Should You Buy Altcoins This Fall Season?

Traders on a war footing Q4, Altcoins are on priority. These Altcoins are away from the limelight of enthusiasts yet good buying option

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altcoin 2021

The fall season has brought enthusiasm along, for traders and enthusiasts in the crypto community. While the fourth quarter is nearing, investors have grabbed their shopping bags. This time around, altcoins seem to be a priority for buyers in the market.

Popular analyst lists some altcoins to his viewers. While some are top-tier coins, others are the lesser-known coins that are undervalued. They have been retracing tracks, back to their pre-crash levels. Consecutively, buyers are now showing interest in these coins.

Also Read: Will October Be a Hurdle or a Blessing in Disguise for Bitcoin(BTC) Price?

The Right Time to Buy?

Several coins in the market, are now on war footing momentum. Consecutively, some are holding stronger to the support levels, a few are consolidating. And a few are ready for breakouts. Market trends are hinting at a possible surge in buyers.

Coins like Kusama(KSM), Elrond (EGLD), Cardano (ADA) and Swipe(SXP), among others, are closer to their support levels. This relates, to the possibility, of an appropriate time to get in some of these coins. While they are trading lower than they possibly should. Expectations of positive trends are generally on the higher end for undervalued coins.

In addition, coins like ORN, VRA, ENJ, and ICX have seen a rebound from support levels. And are consolidating after a mighty run. Several coins are portraying higher lows and higher highs on the market charts. The fact that the ALT coins performing exceptionally well with little or no publicity. Is fathoming interests among investors and traders in the space.

Collectively, it is arguably an appropriate time to grab some coins before the buying pressure creeps in. As a number of coins are either closer to their support levels or consolidating post momentum. It is worth stressing that the analysis is from press time. We can expect the movements of prices in the range of 10-20% provided the situation favours the altcoin. It is rightly said, that one must look out for support levels across the market for purchases.

Also Read: Solana Price Struggling To Sustain Above Resistance, Yet Aims At 20% Upswing!

Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

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Sara is steadily working on cryptocurrency evaluations, news, and fluctuations in digital currency prices. She is guest author associated with many cryptocurrencies admin and contributes as an active guide to readers about recent updates on virtual currencies.

Source: https://coinpedia.org/price-analysis/crypto-market-is-swinging-again-should-you-buy-altcoins-this-season/

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Coinpedia

XRP Price Could Extend Correction Before Fresh Rise!

XRP/USD trading pair surpassed the $1.05 level, but it failed to break the $1.08 resistance and the price is now correcting lower.

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xrp parabolic

Despite a minor drop in the last 24 hours, the cryptocurrency market saw significant gains over the weekend. The XRP coin is currently trading in the green, with a strong bullish trend emerging from the lower levels. XRP price increased in value from 96 cents to $1 on Friday. It is currently trading at $1.03.

XRP Price Action:

Ripple’s XRP plummeted to an intraday low of $1.02 this morning before making a rise, tracking the overall market. The altcoin soared to a late intraday high of $1.09 after staying clear of the first key support level around $1.0074.

XRP/USD trading pair surpassed the $1.05 level, but it failed to break the $1.08 resistance and the price is now correcting lower.

There was a break below the $1.05 level. On the downside, initial support is near the $1.020 followed by the $0.9800 level.

trading view

The 7th largest crypto might hit resistance at $1.15 before any reversal if the coin continues to climb. The $1.1224 level is the second significant resistance level.

In case, XRP price rebounds and breaks the initial hurdle is near the $1.05 level, The next key resistance is near the $1.08 level. A close above the $1.08 could set the pace for more gains.

However, XRP/USD should avoid falling below $0.95 unless there is a prolonged sell-off. The downside should be limited by the second major support level at $0.9889.

Also Read : Green Cardano Could Rise ADA Price As High As $10, But When?

XRP Network Activity:

There is a spike in XRP network activity due to huge whale transfers. On October 2 XRP accounts began transferring the world’s 7th most valuable digital asset from crypto wallets to exchanges. Whale Alert, a well-known blockchain tracking service, has revealed a $41 million transaction involving the transfer of 40 million XRP coins.

In a different transaction 15 million XRP we’re transferred from an unknown wallet to Binance.

On October 3, 2021, the XRP millionaire wallet completed a transaction for $20.9 million in a separate transaction. The crypto whale sent 20 million coins from an undisclosed wallet to Coinsph.

Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Photo of Delma Wilson

Delma is a B2B Content Marketer, Consultant, Blogger in the field of Blockchain, and Cryptocurrency. In her spare time, she loves to blog, play badminton and watch out ted talks.She likes pets and shares her free time with NGO.

Source: https://coinpedia.org/price-analysis/xrp-price-could-extend-correction-before-fresh-rise/

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