According to crypto analytics platform CoinWarz, meme token Dogecoin (DOGE) is vastly more profitable to mine than Bitcoin (BTC). Per the analytics platform, the electricity costs are slightly less to mine BTC than DOGE, but the profit margin for mining DOGE is signifcantly higher than mining BTC. At time of writing, the electricity costs to […]
The post Dogecoin Is 261% More Profitable Than Bitcoin in One Key Aspect: Crypto Analytics Platform appeared first on The Daily Hodl.
Bitcoin and select altcoins have risen above stiff overhead resistance levels, signaling that the bottoming process may have begun.
Bitcoin (BTC) rose above $19,000 on Jan. 12, the highest level since Nov. 8. Although a bull market may not start in a hurry, Glassnode data suggests that the foundation for a macro bottom in Bitcoin may be in place. The on-chain analytics firm tweeted on Jan. 12 that “13% of the Circulating Supply” returned to profit when Bitcoin rallied to $18,200. This suggests a large phase of accumulation took place in the $16,500 to $18,200 range.
Along with Bitcoin, Ether (ETH) is also witnessing signs of accumulation. The number of Ethereum sharks, holding between 100 and 10,000 Ether, has risen by 3,000 since November 22, according to Santiment data.
Many times, traders miss a bottom because they remain in denial. If traders want to catch a trend early, they should keep a close eye on the price action because a sequence of higher highs and higher lows may indicate a bullish sentiment.
Are Bitcoin and altcoins showing signs of starting a new uptrend? Let’s study the charts of the top-10 cryptocurrencies to find out.
Bitcoin is on the path of recovery. Strong buying by the bulls propelled the price above the stiff overhead resistance at $18,388 on Jan. 12. This is the first indication that the bears may be losing their grip.
The sharp rally of the past few days has pushed the relative strength index (RSI) into overbought territory, signaling a possible correction or consolidation in the near term.
If bulls do not allow the price to dip below the breakout level of $18,388, it will suggest a change in sentiment from selling on rallies to buying on dips. The BTC/USDT pair could then continue its recovery toward the next major resistance at $21,500.
If bears want to slow down the positive momentum, they will have to quickly pull the price back below $18,388. The pair could then drop to the 20-day exponential moving average ($17,378).
Ether soared above the overhead resistance of $1,352 on Jan. 11 and followed that up with a break above the downtrend line on Jan. 12. This suggests that the bulls are on a strong comeback.
The bears will try to stall the recovery and pull the price back below the breakout level of $1,352. If that happens, the ETH/USDT pair could slide to the 20-day EMA ($1,292). A strong bounce off this level will suggest that traders are buying the dips. That could improve the prospects of a rally toward $1,700. This level may again act as a strong hurdle.
The positive view could invalidate if the price turns down and plummets below the moving averages. Such a move could indicate that the recent breakout may have been a bull trap.
BNB (BNB) bounced off the 50-day SMA ($268) on Jan. 10 and continued its northward march. The price is nearing $300 where the bears may mount a strong resistance.
The upsloping 20-day EMA ($266) and the RSI near the overbought territory indicate advantage to buyers. If the price turns down from $300, it is likely to find support at the 20-day EMA ($266). A strong bounce off this level could catapult the BNB/USDT pair to the $318 to $338 resistance zone.
Contrary to this assumption, if the price turns down and slides below the moving averages, the pair could retest the $250 to $236 support zone.
XRP (XRP) dipped below the 50-day SMA ($0.37) on June 12 but the bulls successfully defended the breakout level from the symmetrical triangle.
The gradually upsloping 20-day EMA ($0.35) and the RSI in the positive zone indicate that bulls have the upper hand. Buyers will try to drive the price above $0.38 and extend the up-move to $0.42.
Conversely, if the price fails to sustain above the 50-day SMA ($0.37), the bears will again try to pull the XRP/USDT pair back into the triangle. If they do that, the pair could tumble to the support line of the triangle.
The bears tried to sink Cardano (ADA) back into the wedge on Jan. 11 but the long tail on the candlestick shows strong buying at lower levels.
The ADA/USDT pair has continued its up-move, which has pushed the RSI into the overbought territory. This suggests that the rally may be overheated in the near term and the pair could enter a short-term correction or consolidation.
If the price turns down from the current level but rebounds off the 20-day EMA ($0.29), it will suggest demand at lower levels. Buyers will then again try to clear the hurdle at $0.35 and launch a rally to $0.38 and later to $0.44. The bears will have to yank the price below the moving averages to gain the upper hand.
The bears tried to pull Dogecoin (DOGE) below the 20-day EMA ($0.07) on Jan. 11 and 12 but the bulls held their ground. Buyers are trying to kick the price above the 50-day SMA ($0.08) on Jan. 13.
If they manage to do that, the DOGE/USDT pair could pick up pace and start a rally toward $0.11. This level may witness strong selling by the bears. If the price turns down sharply from it, there is a possibility that the pair may stay range-bound between $0.07 and $0.11 for some time.
Another possibility is that the price turns down from the 50-day SMA and tumbles below the 20-day EMA. That will suggest a negative sentiment and may keep the pair stuck between the 50-day SMA and $0.07 for a while longer.
The long tail on Polygon’s (MATIC) Jan. 12 candlestick shows that traders are buying the dips to the moving averages. Buyers will try to push the price to $0.97, which may act as a roadblock.
The 20-day EMA ($0.84) has started to turn up and the RSI is near 67, signaling that the path of least resistance is to the upside. If the bulls do not give up much ground from $0.97, the MATIC/USDT pair could continue its up-move and touch $1.05.
As the pair has been stuck inside the large range between $0.69 and $1.05 for the past several days, the bears may sell aggressively near the resistance. On the downside, a drop below the moving averages could tilt the short-term advantage in favor of the sellers.
Related: Bitcoin price wants to retest 2017 all-time high near $20K — analysis
After facing resistance at $85 for a few days, Litecoin (LTC) soared above the level on Jan. 12. However, the bulls are struggling to sustain the higher levels.
If the price falls and closes below $85, it will suggest that the bears have not yet given up. The sellers will then try to sink the price to the 20-day EMA ($77).
This is an important level to keep an eye on because a strong rebound off it will suggest that the sentiment is positive and traders are buying on pullbacks. The bulls will then again attempt to thrust the LTC/USDT pair above the overhead resistance and resume the uptrend toward $100.
The bears will gain the upper hand if they drag the price below the 50-day SMA ($74). That could open the doors for a decline to $61.
The bears tried to halt Polkadot’s (DOT) recovery at the 50-day SMA ($4.92) on Jan. 9 and 10 but the bulls did not surrender. They bulldozed their way above the resistance on Jan. 11.
The DOT/USDT pair will try to touch the downtrend line. The sellers have halted recovery attempts near the downtrend line on three previous occasions, hence they will try to repeat their performance.
If the price turns down from this resistance but turns up from the moving averages, it will suggest a change in sentiment from selling on rallies to buying on dips. The bulls will then again attempt to propel the pair above the downtrend line.
This positive view will be negated if the price turns lower and plummets below the moving averages.
Uniswap (UNI) reached close to the resistance line of the symmetrical triangle on Jan. 12 but the bulls could not clear this hurdle. That may have tempted short-term traders to book profits.
The 20-day EMA ($5.62) has started to turn up and the RSI is in the positive zone, indicating that buyers have a slight edge. If the price springs back from the 20-day EMA, the bulls will again attempt to drive the UNI/USDT pair above the triangle. If they succeed, it will suggest the start of a new up-move that could reach $7.80.
On the contrary, if the price slumps below the moving averages, it will suggest that the pair may remain stuck inside the triangle for a few more days.
The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Most holders of the meme token Dogecoin (DOGE) are sitting on profits, but the majority of rival meme token Shiba Inu (SHIB) owners are in the red even though the crypto markets are rallying. According to blockchain analytics firm IntoTheBlock, 59% of DOGE holders are profitable in their investments while 35% are not. Meanwhile, 56% […]
The post Most Dogecoin Holders Are in Profit While Majority of Shiba Inu Owners Remain Underwater: IntoTheBlock appeared first on The Daily Hodl.
Hundreds of millions of dollars worth of Bitcoin (BTC) and other crypto assets have been liquidated in the last day as new inflation triggers a bounce for the markets. According to the U.S. Bureau of Labor Statistics’ new Consumer Price Index (CPI) report, which broadly measures the changes in prices paid for goods and services […]
The post Over $320,000,000 in Bitcoin and Crypto Liquidated in Last 24 Hours As Inflation Data Triggers Market Bounce appeared first on The Daily Hodl.
In roughly 202 days, the cryptocurrency network Litecoin (LTC) will experience a block reward halving on or around Aug. 3, 2023. Litecoin will be the first major proof-of-work (PoW) blockchain to see a reward reduction before Bitcoin’s upcoming halving, which is expected to occur 203 days from now. Litecoin Halving Set to Occur on or […]
Bitcoin and altcoins are extending their rally and traders are hopeful that the gains will push higher after this week’s consumer price index data is released.
Crypto and stock markets are usually forward-looking. Meaning, traders tend to ignore the near-term negatives and focus on the positives down the line. With Bitcoin’s (BTC) next halving in 2024, analysts are shifting their attention to this event.
Independent market analyst Rekt Capital highlighted this unique market dynamic in 2015 and 2019, a year before halving, Bitcoin rallied 234% and 316% respectively. If history repeats itself, Bitcoin’s price action may spring a surprise in 2023.
However, the near term remains uncertain and the Consumer Price Index (CPI) data on Jan. 12 may lead to a sharp uptick in volatility.
Some analysts are skeptical of the growing dominance of altcoin trading volume, which is above 50%. According to CryptoQuant contributor Maartunn, the altcoin dominance warns of “a potential risk for further downside.”
One event that is being closely tracked is the crisis brewing at the Digital Currency Group (DCG). Galaxy Digital Holdings CEO Mike Novogratz, in an interview with CNBC on Jan. 10, said that the DCG, Genesis and Gemini overhang could “play out in the next quarter” Though it is “not going to be great,” Novogratz does not believe it will trigger “a lot of selling.”
Could Bitcoin and altcoins continue their recovery or will higher levels attract strong selling? Let’s study the charts of the top-10 cryptocurrencies to find out.
The bears tried to stall the recovery near $17,400 on Jan. 9 but they could not sink the price below $17,061. This suggests that bulls are buying on minor dips. The price bounced on Jan. 10 and the buyers are trying to extend the relief rally.
The 20-day exponential moving average ($16,982) has turned up and the relative strength index (RSI) is above 66, indicating that bulls are in control. The BTC/USDT pair could climb to $17,850 and if this level is scaled, the next stop may be $18,388.
On the contrary, if the price turns down from the current level and breaks below the moving averages, it will suggest that the pair may continue to oscillate between $16,256 and $18,388 for a few more days.
Ether (ETH) has been trading near the overhead resistance of $1,352 for the past two days. The 20-day EMA ($1,261) has started to turn up and the RSI is near the overbought territory, indicating the path of least resistance is to the upside.
If buyers catapult the price above $1,352 and the downtrend line, it will suggest a potential trend change. The ETH/USDT pair could then rally to $1,700 and if this level is scaled, the next stop could be $1,800. The bears are likely to defend this zone with vigor.
Contrarily, if the price turns down from the overhead resistance, the pair could again drop to the moving averages. If this support cracks, it will suggest that the pair may continue its range-bound action between $1,352 and $1,150 for a while longer.
BNB (BNB) turned down from $283 on Jan. 9 but the bears could not yank the price below the 50-day SMA ($269). This suggests that the bulls are buying on dips.
The bulls will again try to kick the price above the overhead resistance at $283. If they manage to do that, the BNB/USDT pair could climb to $300 and then to $318. The rising 20-day EMA ($261) and the RSI in the positive zone, indicate that the bulls have the edge.
This positive view could invalidate in the near term if the price turns down and plunges below the moving averages. The pair could then decline to the $250 to $236 support zone. The bulls are expected to fiercely defend this level because the failure to do so may result in a decline to $220.
After trading inside the symmetrical triangle for the past several days, XRP (XRP) has made a strong move higher on Jan. 11. The bulls have pushed the price above the triangle and the 50-day SMA ($0.37).
If bulls sustain the price above the triangle, the possibility of a rally to $0.42 increases. This level may act as a major obstacle but if buyers overcome it, the XRP/USDT pair could soar to $0.51. The RSI has jumped into the positive territory, indicating that the momentum favors the buyers.
If bears want to stop the up-move, they will have to quickly pull the price back into the triangle. The pair could then decline to the 20-day EMA ($0.35) and subsequently to the support line.
Cardano (ADA) broke and closed above the downtrend line of the falling wedge pattern on Jan. 9 and 10 but the bulls could not build upon the advantage. This suggests hesitation to buy at higher levels.
The bears are trying to yank the price back into the wedge on Jan. 11. If they succeed, the ADA/USDT pair could slide to the moving averages.
A strong rebound off it suggests aggressive buying at lower levels. The bulls will then again try to drive the pair above $0.35. If this hurdle is crossed, the pair could attempt an up-move to $0.44.
Alternatively, if the price turns down and slumps below the moving averages, it will suggest that the breakout above the wedge may have been a bull trap. The pair could then fall to $0.26 and later to $0.24.
Buyers tried to thrust Dogecoin (DOGE) above the overhead resistance at $0.08 on Jan. 9 but the long wick on the candlestick shows that bears are fiercely guarding the level.
The flattish 20-day EMA ($0.07) and the RSI near the midpoint indicate a range-bound action in the near term. The DOGE/USDT pair could then trade between $0.08 and $0.07 for some time.
Another possibility is that the price turns up from the current level and rises above the 50-day SMA ($0.08). If that happens, it will suggest that the correction may be over. The pair could then soar to $0.11.
Polygon (MATIC) has been trading above the 50-day SMA ($0.84) since Jan. 9, which is a positive sign. This suggests that the bulls are trying to flip the moving averages into support.
The gradually upsloping 20-day EMA ($0.81) and the RSI in the positive territory indicate advantage to buyers. If bulls propel the price above $0.88, the MATIC/USDT pair could rally to the overhead resistance at $0.97. This level may act as a major obstacle but if bulls overcome it, the rally could touch $1.05.
On the downside, if bears sink the price below the 50-day SMA, the pair could fall to the 20-day EMA. If this support gives way, the pair could extend the decline to $0.75.
Related: Solana price rally risks exhaustion after SOL's 120% pump in two weeks
Litecoin (LTC) is facing resistance near the overhead resistance at $85 but the bulls have not given up much ground. This suggests that the buyers are not booking profits as they anticipate a move higher.
Both moving averages are sloping up and the RSI is in the overbought territory, indicating that bulls are in command. If buyers thrust the price above $85, the LTC/USDT pair could pick up momentum and rally toward the psychologically important level of $100.
Contrarily, if the price turns down from the current level or fails to sustain above $85, it will suggest that bears are active at higher levels. The pair could then drop to the moving averages.
A bounce off this support will suggest that the bulls are buying the dips. That could result in a retest of $85 but if the price slides below the moving averages, the pair could tumble to $61.
Polkadot (DOT) rose above the 50-day SMA ($4.92) on Jan. 9 but the higher levels attracted sellers as seen from the long wick on the day’s candlestick.
Although the price dipped back below the 50-day SMA, the bears have not been able to drag the DOT/USDT pair to the 20-day EMA ($4.70). This suggests that the bulls are not rushing to the exit and will again try to drive the pair above $5.10.. If they can pull it off, the pair could soar to the downtrend line.
This positive view could invalidate in the near term if the price turns down and breaks below the 20-day EMA. The pair could then fall toward the crucial support at $4.22.
After trading between the moving averages for a few days, Uniswap (UNI) broke and closed above the 50-day SMA ($5.58) on Jan. 8. This indicates that the uncertainty resolved in favor of the bulls.
The UNI/USDT pair could rally to the resistance line of the symmetrical triangle. The bears may again try to halt the recovery at this level. If the price turns down from this resistance but rebounds off the moving averages, it will suggest that traders are buying on dips. That could increase the likelihood of a break above the triangle. The pair could then start an up-move toward $7.8.
Conversely, if the price turns down from the current level or the resistance line and breaks below the moving averages, it will suggest that the pair may extend its stay inside the triangle for some more time.
The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
A closely followed technical analyst says that Ethereum (ETH) and the broader altcoin markets are set for an unexpected macro move to the upside. The pseudonymous analyst known as TechDev tells his 403,000 Twitter followers that several different metrics are suggesting that crypto markets have bottomed out and are setting the stage for the next […]
The post Crypto Analyst Says Ethereum (ETH) and Altcoins About To Catch Traders off Guard With Massive Move appeared first on The Daily Hodl.
A closely followed crypto strategist is predicting a massive Litecoin (LTC) rally this year in anticipation of its halving event slated for August. Pseudonymous analyst Rekt Capital tells his 331,800 Twitter followers that Litecoin has a tendency to erupt prior to its halving based on historical price action. Looking at Litecoin’s pre-halving rallies in the […]
The post Analyst Predicts Epic Litecoin Rally As This Year’s Halving Approaches – Here’s His Target appeared first on The Daily Hodl.
A leading digital assets manager is finding that institutional investors are hedging their bets against the U.S. Securities and Exchanges Commission (SEC) in the regulator’s lawsuit against Ripple Labs. In its latest Digital Asset Fund Flows Weekly report, CoinShares says that institutional investments are inflowing into XRP despite outflows for digital assets as a whole. “XRP bucked the […]
The post Institutions Eyeing XRP As Investors Increasingly Betting on Victory in SEC Lawsuit: CoinShares appeared first on The Daily Hodl.
DXY is cooling off and crypto and equities are starting to heat up. Cointelegraph explores how BTC and altcoins could react to the current bullish momentum in the market.
Investors across asset classes have been keeping a close watch on the United States Federal Reserve’s monetary policy because that sets the stage for a risk-on or a risk-off environment.
The strong rally in the U.S. stock markets on Jan. 6 and in cryptocurrencies over the weekend suggests that market observers anticipate the Fed to slow down its frantic pace of rate hikes. The optimism was fuelled by the greater-than-expected slowdown in wage gains in the December jobs report and the first contraction in U.S. services industry activity since May 2020. The next trigger that may influence the markets could be the Consumer Price Index data due on Jan. 12.
While the cryptocurrency markets may benefit from a risk-on environment, the extent of the up-move may be limited because of the issues plaguing Digital Currency Group. Therefore, along with the macroeconomic data, crypto traders must keep an eye on the news specific to the crypto space.
Could the strength in the S&P 500 (SPX) and the weakness in the U.S. dollar index (DXY) boost crypto prices higher? Let’s study the charts to find out.
After consolidating in a range for several days, the S&P 500 index broke above the 20-day exponential moving average (3,875) on Jan. 6. This suggests that the uncertainty has resolved in favor of the buyers.
The bulls will try to strengthen their position by pushing the price to the downtrend line. This is an important level to keep an eye on because a break and close above it could signal a potential trend change. The index could then rally to 4,100 and later to 4,325.
Contrary to this assumption, if the index turns down from the current level or the overhead resistance, it will suggest that bears continue to sell on relief rallies. The bears will be back in the game if the price dips below the 20-day EMA.
The bulls pushed the price above the important resistance of 105 on Jan. 5 but they could not sustain the recovery on Jan. 6. This suggests that the bears continue to sell on rallies. The price turned down sharply and dipped back below the 20-day EMA (104).
The selling continued on Jan. 9 and the bears have yanked the price below the immediate support near 103.39. If bears sustain the lower levels, it will signal the start of the next leg of the downtrend. The index could dive to 102 and then to the psychologically crucial level at 100.
Alternatively, if the price turns up sharply and rises above 103.39, it will suggest demand at lower levels. Buyers will then try to push the pair toward 105.82. A break and close above this resistance could tilt the short-term advantage in favor of the bulls.
Bitcoin (BTC) broke above the resistance of the $16,256 to $17,061 range on Jan. 8, indicating that the uncertainty has resolved in favor of the buyers.
If bulls sustain the breakout level and succeed in flipping $17,061 into support, the BTC/USDT pair may start its northward march toward the overhead resistance at $18,388. This level could act as a major obstacle.
If the price turns down sharply from $18,388, it will suggest that the BTC/USDT pair may oscillate inside the large range between $16,256 and $18,388 for a while longer.
The short-term advantage could tilt in favor of the bears if they pull the price back below the moving averages.
Ether (ETH) has been gradually rising toward the overhead resistance at $1,352. The downtrend line is placed just above this level, hence the bears will try to defend it with all their might.
If buyers do not give up much ground from the overhead resistance, it will increase the likelihood of a breakout above the downtrend line. If that happens, it will suggest that the decline could be over. The ETH/USDT pair could first rally to $1,700 and thereafter to $1,800.
Contrary to this assumption, if the price turns down from $1,352 and slides below the moving averages, it will indicate that traders are selling near the resistance. That could keep the pair stuck inside the range between $1,150 and $1,352 for a few more days.
BNB (BNB) continued its up-move and soared above the 50-day simple moving average ($268) on Jan. 8. This suggests strong demand at higher levels.
The 20-day EMA ($258) has started to turn up and the RSI is in the positive zone, indicating that the bulls have the upper hand. The BNB/USDT pair could rally to $300 and then jump to $318. This zone is likely to attract strong selling by the bears.
On the way down, the first support is at the 50-day SMA and then at the 20-day EMA. A break below the moving averages could signal that the bears are back in the driver’s seat. The pair could then tumble to $250.
The bears repeatedly failed to sustain the price below the support line of the symmetrical triangle in the past few days. This indicates that traders bought the dip in XRP (XRP).
The bulls will try to propel the price to the resistance line of the triangle. This is an important level to keep an eye on because a break and close above it could suggest the start of a new up-move. The XRP/USDT pair could then rally to $0.42 and later to the pattern target of $0.46.
Contrarily, if the price turns down from the current level or the resistance line, it will suggest that the pair may continue to trade inside the triangle. The bears will have to sink and sustain the price below the triangle to gain the upper hand.
Dogecoin’s (DOGE) tight range trading resolved to the upside with a break above the 20-day EMA ($0.07) on Jan. 9. The price could next reach the 50-day SMA ($0.08) where the bears may pose a strong challenge.
If the price turns down from the 50-day SMA but rebounds off the 20-day EMA, it will suggest that bulls are buying on dips. That could improve the prospects of a break above the 50-day SMA. The DOGE/USDT pair could then accelerate toward $0.11.
On the contrary, if the price turns down and breaks below the 20-day EMA, the bears will again try to sink the pair below the support near $0.07. If they manage to do that, the pair could start a downward move to $0.05.
Related: Why is Ethereum (ETH) price up today?
Cardano (ADA) continued its strong recovery and broke above the 50-day SMA ($0.29) on Jan. 8. That was followed by another sharp rally on Jan. 9, which took the price above the downtrend line of the falling wedge pattern.
The 20-day EMA ($0.27) has started to turn up and the RSI has jumped into the overbought territory, indicating that bulls are in command. If buyers sustain the price above the wedge, the ADA/USDT pair could soar to $0.44.
However, the long wick on the Jan. 9 candlestick shows that the bears may not give up easily. This suggests that sellers are trying to trap the aggressive bulls by pulling the price back into the wedge. If they do that, the pair could slide to the 20-day EMA.
Polygon (MATIC) climbed above the 20-day EMA ($0.81) on Jan. 8 and followed that up with another up-move on Jan. 9.
The bulls will try to drive the price to the overhead resistance at $0.97. If the price turns down from this level but rebounds off the moving averages, it will suggest that lower levels are attracting buyers. That could increase the likelihood of a rally to $1.05.
Another possibility is that the price turns down sharply from $0.97 and slumps below the moving averages. Such a move will suggest that the MATIC/USDT pair could consolidate between $0.97 and $0.75 for some more time.
Litecoin (LTC) rebounded off the moving averages on Jan. 6 and surged above the overhead resistance at $80 on Jan. 9. The emboldened bulls will try to build upon this momentum and thrust the price above $85.
If they manage to do that, the LTC/USDT pair could start a new uptrend. The first target on the upside is $106 and then $115. The upsloping moving averages and the RSI in the overbought territory indicate the path of least resistance is to the upside.
Conversely, if the price turns down from $85, the pair could slip to $75. If the price bounces off this support, the bulls will again try to clear the overhead resistance. The bears will have to drag the price below $72 to gain the upper hand.
The views, thoughts and opinions expressed here are the authors’ alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
