Altcoins on 11th December 2021 — Avalanche (AVAX) down, Nexo (NEXO) up!

Sat 11 Dec 2021 ▪ 18h42 ▪ 3 min read — by Felix Meyer

Today is Saturday, 11th December, 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! Make sure to have a look at the previous instalment. Off we go!

Fear and greed index

Extreme fear reigns in the market once again. At this rate, very few will be brave enough to buy Bitcoin (BTC) in bulk. Altcoins, even despite obvious discounts, are in no demand either. One price bottom is now reached, with another bottom coming all along. Averaging positions is not the best idea. It may lead to a situation where no more free money is there, while all that’s left is just look at your portfolio getting weaker and wait for a miracle able to bring the wind of change.

Bitcoin is still fighting for the $50,000 level. Buyers are so weak that it seems like bears are simply waiting for the largest coin to climb higher so as to make money on its more drastic fall later.

However, going by BTC local highs and lows, a new dump is highly possible to take place either today or tomorrow. It will probably throw us at the range of $40,000-$42,000.

Top 10 altcoins

As expected, the top alternative coins also feel out of place due to the overall market rollercoasters. Even though BTC started the new day with a slight growth, a plethora of altcoins are still in the unprofitable zone. Among the top ten, only Polka dot (DOT) has managed to bring 1% of profit. Among the first hundred crypto assets, the most persistent can show a maximum of only 4%.

Nexo (NEXO)

Nexo has become the gainer of the day, showing a yield of slightly over 4%.

Avalanche (AVAX)

Avalanche is the loser of the day, having lost about 10%.

This weekend the market may be extremely unpredictable. Never forget about stop-losses and don’t neglect risk management.

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Felix Meyer

I am a designer by trade but my passion is crypto. I am a creative geek, that shows his creativity through the popularisation a sector that is not the easiest to understand.

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) $38,251.29 3.45%
ETHEREUM (ETHUSD) Ξ $2,640.33 7.34%
DEFI (DEFIPERP) $6,801.90 5.28%
MARKETS (ACWI) $99.60 1.26%
GOLD (XAUUSD) $1,835.87 -0.63%
TECH (NDX) $14,465.21 2.23%
CURRENCIES (EURUSD) $1.13 -0.12%
CURRENCIES (EURGBP) £0.836290 -0.03%
CRUDEOIL (USOIL) $87.09 2.26%
IMM. US (REIT) $2,727.82 1.26%
The percentage expresses the change over the past 24 hours BUY CRYPTOS WITHOUT RISK
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