The crypto space has been lifted up with the major coins witness a surge and huge influx in the market capitalization
Some other coins also are anticipated to have better movements this week.
Crypto-space is among the sectors labelled as highly volatile and filled with uncertainty. Among them are some of the coins that could have a massive uptrend. Having kept a close watch one can make some yield this week.
Let us have a look at some of these coins which could probably be a feast on one’s eye and pockets!
Bitcoin currently has broken above $11000 and managed to sustain above the previous $11200 levels. The new resistance forms are surrounding $11600 mark, if attained could possibly help the digital asset cross $12000 in coming days.
The support levels which lies in between $10900 and $11100 needs to be tested and if not visited, probability of a bull run intensifies. Therefore, this week, to be vigilant on bitcoin might be a good deal.
At present, bitcoin is priced at $11,392.72 with a gain of 0.43 percent and a market capitalization which crossed $200 billion to touch $210 billion yet one more time.
The second most preferred currency after Bitcoin, Ethereum also rallied over the last couple of days. With the Bitcoin rally, Ethereum also surged approximately $50 to attain above $370 levels.
Currently, Ethereum is priced at $374.70 with 0.68 percent gain in the last 24 hours and a weekly gain 6.73 percent. The current resistance levels stand surrounding $400 and hence, the $400 mark is expected to attain very soon in coming days.
However, ETH has failed to maintain above $400, each time it rallied. Therefore, the current mark can be looked at as a pivotal range to be tested for the support range. Currently, support level lies near $350 range which also needs to surge to $370-$380 regions for a successful bull run.
YFI is among those tokens which managed to gather user traction within a few days of launch. It rallied over 500% in just a couple of week after inception. It rose from just $30 to above $40000 creating a huge craze among the crypto folks.
However, it the recent days, it has loosened its grip in the DeFi space but still considered one of the top DeFi tokens. The token is expected to surge in the coming days as the 24-hour volume has been surging in the last 3-4 days.
Currently, YFI is priced at $16,252.61 with a loss of 4.38 percent. Nevertheless, the fact the YFI also visited $12,589 and rebounded to this level in just a couple of days, last week also needs to be considered. Therefore, YFI can be looked upon as one of the most important tokens in the virtue of getting yields.
Uniswap exchange native token, UNI managed to gather huge attention in the last month as the exchange just distributed UNI tokens for free. The token also got listed in major exchanges like Binance, within hours of launch.
Currently, UNI token is priced at $3.28 with a dip of 3.37 percent, however, if we consider the gain-loss percentage of the last week, UNI has witnessed a pull-back. Therefore, in the coming days, it might enter the retracement phase which could lift the token above the current levels.
The above are the cryptos which can be considered to keep a watch in the coming week. The cryptos are expected to swell both in their price and volume in the near future. And therefore, following the price movements can really help to experience a huge profit.