The Biggest Moves In Crypto & Which Are Worth Investing! + Analysis
The Crypto Market Became Very Wild This Week After BTC Reclaimed Its $1T Market Cap. Here Is What To Expect Next
Together With
To Investors.
BTC correction could be lower than $53K key point.
Stellar partnered with MoneyGram.
MoneyGram future outlook.
Cardano heading to 2.85.
According to my previous analysis we were expecting the completion of the ABDCDE Elliot wave which was formed within a symmetrical triangle, as BTC reclaimed its $1T Market Cap this week, after Breaking the $50K resistance. but the price was pushed higher after the Fed disclosed that they had no intentions to ban crypto.
Above the $52K Support, Bitcoin price continued in a bullish zone. BTC even managed to break through the $55,000 resistance mark. However, the price did not continue to rise above $55,700. Before the negative reversal, a high was formed at $55,750, the price has corrected lower. The price failed to reach 0.786 Fib level at Daily Chart.
Considering the historic strong resistance at around 0.786 Fib level, we expect to see a downtrend well around $47K.
Customers will be able to convert digital assets into cash more easily thanks to Stellar's new partnership with MoneyGram.
MoneyGram announced a collaboration with the Stellar Development Foundation and Circle The collaboration will combine the Stellar blockchain with MoneyGram's network. Customers will be able to fund their accounts with Circle's USD Coin (USDC) and receive payments in their local currency. As a result, customers will be able to easily convert USDC into cash. USDC is a stablecoin, which is a type of cryptocurrency.
Despite the fact that the new services are only going live in a few markets for the time being, with plans to expand internationally in 2022, Investors have reacted positively to the news. XLM has increased by 19% to a high of $0.37 within few hours after the announcement.
MoneyGram previously collaborated with Ripple in 2019. The agreement enabled the former to use the latter's XRP product for cross-border payment and foreign exchange settlement. The collaboration came to an end after regulators charged Ripple with conducting an illegal $1.3 billion securities offering.
MoneyGram is consistently investing in the development of its digital money transfer platform, which contributes to the company's top-line growth. Year to date, the stock has gained 40.7 percent, compared to 17.1 percent growth in its industry.
Is it a good time to buy MoneyGram stock? Yes, in my opinion, given the low price of the shares & its constant involvement in Crypto!
After breaking out of a consolidation pattern, Cardano (CCC:ADA-USD) currently the 4th biggest Cryptocurrency, appears to be set to launch a new uptrend, fueled by strong fundamentals and increased purchasing pressure, depending on the daily movements in Binance Coin and its own price, Cardano has risen to third place on occasion. Cardano currently has a market capitalization of over $73 billion and is just a billion dollars away from recovering third position.
Ada's new cooperation with Elrond looks to have encouraged investors to return to the market. By linking both ecosystems, Cardano's decentralized stablecoin hub intends to make EGLD one of the first cross-chain assets to collateralize stablecoins on the platform. The purpose is to enable cross-chain smart contract capability and interoperable token transfers.
Looking at the Chart the Coin broke the symmetric resistance & retested, indicating a strong bullish.
Cardano's transaction history indicates that the coin is unlikely to find major resistance in the near future, preventing it from realizing its full potential. The only significant supply zone ahead is between $2.46 and $2.53, where approximately 70,000 addresses acquired 1.12 billion ADA before according to
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