Altcoins: Loopring (LRC), Crypto.com Coin (CRO) – 9th November

Tue 09 Nov 2021 ▪ 13h41 ▪ 3 min read — by James Taylor

Today is Tuesday, 9th November, and this is Cointribune’s Crypto analytics. You will learn about everything that’s been going on in the market, as well as what to expect next in our new article! If you’d like to read the previous instalment, please follow the link. Off we go!

Fear and Greed Index

The index has once again shifted to extreme greed. I’m not suggesting anything, but it’s quite fun to watch Bitcoin, which has been on the defensive this whole time, go on the offensive overnight, especially, in light of a sudden increase in Tether’s (USDT) printing activity. Still, Bitcoin has grown quite a bit, so I have nothing to complain about.

As I mentioned before, the closer the index is to extreme greed, the higher the chances of the whales’ provoking early sales. I doubt that they’ll spill the beans right now – most likely, we will first reach and then consolidate above $70,000. But then, with the counter volume obtained due to retail traders’ activity, the whales will begin to reset their positions to make a profit. And if this doesn’t end in an avalanche-like collapse, we will be lucky to get off with a minor correction.

In general, be careful with transactions. Now is not the time for a thoughtless but safe purchase.

TOP 10 Altcoins

Altcoins reacted differently to Bitcoin’s rapid rally. Cardano (ADA) and Ripple (XRP) have made new attempts to grow. Shiba Inu (SHIB) tried to follow suit but failed. However, compared to some other cryptos, SHIB is lucky to at least stay in the same price range.

Solana (SOL) is expected to reach $300 soon, but the coin barely has enough strength to hold its current positions.

BTC’s growth has forced many altcoins to retreat. However, the Top-10 coins managed to endure these ebbs and flows and are now patiently waiting in the wings.

Loopring (LRC)

Loopring (LRC) once again becomes the gainer of the day. This time, the asset has made investors over 37%.

Crypto.com Coin (CRO)

Today’s top loser, Crypto.com Coin (CRO), brought a 4% loss to its holders.

Bitcoin is aiming for the stars again. And so far, nothing prevents it from reaching $70,000. But even in that case, be extremely careful with your transactions. Sometimes, the situation in the crypto market changes drastically in a matter of seconds.

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James Taylor

Trends are temporary. The blockchain isn’t a trend; it’s the future. I want to help as many people as possible understand it in a simple, clear and interesting way.

DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

Prices & Indices

BITCOIN (BTCUSD) $28,952.32 -4.42%
ETHEREUM (ETHUSD) Ξ $1,934.37 -4.14%
DEFI (DEFIPERP) $3,531.50 -4.51%
MARKETS (ACWI) $86.95 -0.86%
GOLD (XAUUSD) $1,841.71 -0.02%
TECH (NDX) $11,638.43 -2%
CURRENCIES (EURUSD) $1.05 -0.34%
CURRENCIES (EURGBP) £0.845040 -0.4%
CRUDEOIL (USOIL) $109.64 -1.78%
IMM. US (REIT) $2,438.85 -0.24%
The percentage expresses the change over the past 24 hours BUY CRYPTOS WITHOUT RISK
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