Altcoins on 3rd December 2021 — Waves (WAVES) down, Oasis Network (ROSE) up!

Fri 03 Dec 2021 ▪ 13h15 ▪ 3 min read — by Felix Meyer

Today is Friday, 3rd 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

The fear and greed index is still falling. However, the value has shifted by only one point over the past day, which is a clear indication of market uncertainty, not fear. Players are in no hurry to make purchases, as they don’t yet have faith in the subsequent growth. Meanwhile, sales are also minimal. Everyone is waiting for either a pump, or a sign that there won’t be any growth.  

The current market situation is unlikely to remain for a long time. Eventually, people will lose patience while prices will continue to decline. New volumes coming is pivotal, since it will artificially push Bitcoin (BTC) price above the current resistance zone.

Uncertainty proves to be the most boring time. At best we would see the purchases and sales volumes approximately at the same level, corresponding to neutral index values. But now, when BTC is nothing close to cheap, buyers’ lack of interest may cause Bitcoin to go lower and lower. The first crypto will try and look for its true value, determined by the ratio of supply and demand. In other words, provided nothing changes, BTC and the entire market as well will keep on failing until Bitcoin purchase turns profitable for players once again.

TOP 10 Altcoins

The top alternative cryptocurrencies are still in two minds on how to behave in the current market conditions. Some coins keep falling, others suddenly decide to make a statement. Meanwhile, peaceful Cardano (ADA) seems to have remembered it once was Ethereum’s main technological rival. If the asset doesn’t start moving, it will never catch up with the largest altcoin by cap.

Dogecoin (DOGE) stopped at the tenth position, despite having one of the largest communities in the industry. Apparently, if nothing changes, Terra (LUNA) will soon displace it.

Oasis Network (ROSE)

Oasis Network (ROSE) has become the gainer of the day, having gone up by 12%.

Waves (WAVES)

Waves is sadly the loser of the day, having lost 10% of its price.

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

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