A
A

Altcoins on 12th November 2021 — IoTeX (IOTX) down, Decentraland (MANA) up!

Fri 12 Nov 2021 ▪ 14h00 ▪ 2 min read — by Felix Meyer

Today is Friday, 12th 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

Yesterday came out mostly bearish. The fear and greed index got updated with a slight retreat to greed.

Greed and extreme greed zones have actually been prevailing for quite a while. Now the indicator simply can’t get lower, since crucial zones like $60,000 always imply buying off.

A mere manipulation may have brought about today’s issues. The thing is, every time Bitcoin (BTC) reaches another ATH, whales immediately start selling. However, soon after further climbing stops, purchase volumes decrease, forcing whales to renounce sales and provoking retail players to purchase.

TOP 10 Altcoins

Top-10 altcoins are still striving to recover from the latest collapse.

If Bitcoin’s flat positions turn into a long-term perspective, the altcoins will start to cut off their part of the market cap. Until then, all that’s left is to hold their breath and wait. The end of 2021 may possibly bring us a true altseason.

Decentraland (MANA)

Decentraland becomes the gainer of the day. The asset has climbed 17%, slightly bypassing Algorand (ALGO).

IoTeX (IOTX)

IoTeX, the recent leader, becomes the loser of the day, with a loss of nearly 30%.

Don’t neglect risk management and don’t forget about stop losses. Remember about whales, who are now trying to manipulate the market and fix their profits. Do your research to secure your savings!

Subscribe to our daily and weekly newsletter service to receive a digest of the latest news in the cryptosphere and never miss out on any of the Cointribune's highlights!

A
A
Felix Meyer avatar
Felix Meyer

Le trading et l'analyse technique sont mes spécialités depuis 4 ans. Je décortique le marché et vous partage mon expertise.

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) $19,213.42 -0.14%
ETHEREUM (ETHUSD) Ξ $1,050.00 -0.78%
DEFI (DEFIPERP) $2,474.70 0.68%
MARKETS (ACWI) $84.51 0.74%
GOLD (XAUUSD) $1,810.69 0.2%
TECH (NDX) $11,585.68 0.68%
CURRENCIES (EURUSD) $1.04 -0.54%
CURRENCIES (EURGBP) £0.860960 0.05%
CRUDEOIL (USOIL) $108.46 2.33%
IMM. US (REIT) $2,435.01 1.8%
The percentage expresses the change over the past 24 hours BUY CRYPTOS WITHOUT RISK
Newsletter

Receive the latest and best crypto news directly to your inbox and try to win 0.2 ETH by registering today

Crytocurrency Guides
You must complete the form to receive your document.