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Top 3 Altcoins Trending for the Day

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Top 3 Altcoins Trending for the Day
  • Top 3 trending altcoins are ARV, TABOO and $KUMA.
  • Ariva (ARV) spikes to 131% in its price value.
  • Altcoins are great influencers for the growth of the crypto industry.

Altcoins are heading up higher playing the chief role holding a larger user base connected from all around the world. Besides, Altcoins have the potential to reflect a great impact on the crypto industry influencing a lot of investors and institutional firms. 

Most importantly, people’s interest in crypto and digital technologies has skyrocketed in 2021. Thus this year has been more volatile for cryptocurrencies which is now becoming a popular culture in the world. Notably, a massive focus and attention is being paid to the hot crypto industry. 

According to CoinGecko, the top 3 Altcoins which are trending in the market today are, Ariva (ARV), Taboo Token (TABOO) and Kuma Inu (KUMA).

1. Ariva (ARV)

Ariva (ARV) is a popular tourism digital asset for active use and travel network in the near future. Moreover, being a tourism currency, it can be spent across any part of the world using its crypto wallet. Thus, it reduces the burden for the users to carry along the liquid cash and debit or credit cards while travelling. Also, ARV coins benefit the users to earn money for reserving and sharing contents. 

Ariva’s price surged to 131% in the last 24 hours, surprising the entire crypto market through its spike in the value. Also, the current value of ARV is $0.00107695 with a total supply of 100 billion ARV coins. In addition, the creation of ARV to the crypto space, it can be used as a global payment service through the power of blockchain technology. 

2.Taboo Token (TABOO)

The specialty of TABOO tokens is its adult non-fungible token (NFT) which is in recent trend streaming all media projects. It is more prominent in delivering high and exclusive contents in all media sources. It includes all supermodels, popular stars to provide the most unique contents with highest quality. Thus, through its trending contents on media platforms, TABOO will soon become the best asset in the industry. 

According to CoinGecko, TABOO’s live value is $0.00555362 with a circulating supply of 9.8B TABOO coins and a total supply of 9.78B. Additionally, if the users have more taboo tokens they are accessible to more contents reaching to different tiers as well. 

3. Kuma Inu ($KUMA)

KUMA is a decentralized meme token which is growing mature to hold the power of the Kuma Inu community. This popular DeFi cryptocurrency network will govern these Kuma Breeder, Kuma DEX, and Kuma NFT projects. Thus, it provides the users a simple and an elegant service with its decentralization platform. 

As per the CoinGecko data, $KUMA holds the value as $0.000000541825 with 36.0% hike in the last 24 hours. In addition, its circulating market supply is 120 Trillion KUMA coins and a total supply of 1 Quadrillion. Through its simple and governance feature it will dive into a vibrant ecosystem. 

Thus, Altcoins are scoring more attention seeking new followers and contributing large to the crypto industry. It is clearly visible that there is a huge inflow of attention from users which will result in a tremendous growth of the digital currencies.

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Ocean Protocol Price Prediction 2021 — Will OCEAN Price Hit $2 Soon?

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Ocean Protocol (OCEAN) Dominates the Day Surging 30% Up
  • Bullish OCEAN price prediction is $1.25 to $1.97.
  • The OCEAN price will also reach $2 soon.
  • OCEAN bearish market price prediction for 2021 is $0.33.

In Ocean Protocol (OCEAN) price prediction 2021, we use statistics, price patterns, RSI, RVOL, and much other information about OCEAN to analyze the future movement of the cryptocurrency.

Ocean Protocol Current Market Status

According to coingecko, the price of OCEAN is $1.02 with a 24-hour trading volume of $175,081,020 at the time of writing. However, OCEAN has increased to 6.9% in the last 24 hours.

Moreover, OCEAN has a circulating supply of 434,026,836 OCEAN. Currently, OCEAN trades in cryptocurrency exchanges such as Binance, Mandala Exchange, CoinTiger, KuCoin, and Bitget.

What is Ocean Protocol (OCEAN)?

Ocean Protocol is a blockchain-based ecosystem that allows individuals and firms to easily unlock the value of their data and monetize it through the utilization of ERC-20 based data tokens.

Through Ocean Protocol, publishers can monetize their data while preserving privacy and control. Whereas clients can now access datasets that were previously unavailable or difficult to find. These datasets can be created on the Ocean Market, where they can be bought and sold.

OCEAN is a utility token that is used for community governance and staking on data. Moreover, the price of these datatokens is set by an OCEAN-data token AMM pool, which adjusts the price of the data token as it is bought and sold based on supply and demand.

Ocean Protocol Price Prediction 2021

Ocean Protocol holds the 196th position on CoinGecko right now. OCEAN price prediction 2021 explained below with a weekly time frame.

OCEAN/USDT Swing Low and Swing High Pattern (Source: Tradingview)

A swing low is when the price makes a low and is immediately followed by two consecutive higher lows. Similarly, a swing high is when the price makes a high and is followed by two consecutive lower highs.

Currently, OCEAN is at $1.25. If the pattern continues, the price of OCEAN might reach the resistance level to $1.97. If the trend reverses, then the price of OCEAN may fall to $0.33.

Ocean Protocol Support and Resistance Level

The below chart shows the support and resistance level of OCEAN.

OCEAN USDT Support and Resistance Level
OCEAN/USDT Support and Resistance Level (Source: TradingView)

From the above daily time frame, it is clear the following are the resistance and support levels of OCEAN.

Resistance Level 1 $1.25
Resistance Level 2 $1.96
Support Level 1 $1
Support Level 2 $0.75
Support Level 3 $0.58
Support Level 4 $0.46
Resistance & Support Level

The charts show that OCEAN has performed a bullish trend over the past month. If this trend continues, OCEAN might run along with the bulls overtaking its resistance level at $1.96.

Accordingly, if the investors turn against the crypto, the price of the OCEAN might plummet to almost $0.46, a bearish signal.

Ocean Protocol Price Prediction 2021 — RVOL, MA, and RSI

The Relative Volume (RVOL) of OCEAN is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, RVOL of OCEAN lies below the cutoff line, indicating weaker participants in the current trend.

More so, the OCEAN’s Moving Average (MA) is shown in the chart above. Currently, OCEAN is in a bearish state. Notably, the OCEAN price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of OCEAN at any time.

Meanwhile, the relative strength index (RSI) of the OCEAN is at level 60.36. This means that OCEAN is in a nearly overbought state. However, this means a major price reversal of OCEAN may occur in the upcoming days. So, traders need to trade carefully.

Ocean Protocol Price Prediction 2021 — ADX, RVI

Let us now look at Ocean Protocol’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of Ocean Protocol. Currently, OCEAN lies in the range at 32.57, so it indicates a strong trend.

From the above chart, the Relative Volatility Index (RVI) of OCEAN. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of OCEAN lies below the 50 level, indicating that the direction of volatility is low. In fact, OCEAN’s RSI is at the 60.36 level thus confirming a potential buy signal.

Comparison of OCEAN with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum and Ocean Protocol.

BTC Vs ETH Vs OCEAN Price Comparison
BTC Vs ETH Vs OCEAN Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH, BTC and OCEAN is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and OCEAN also increases or decreases respectively.

Conclusion

With continuous improvements in the Ocean Protocol network, we can say that 2021 is a good year for OCEAN. For this reason, the bullish price prediction of Ocean Protocol in 2021 is $1.97. On the other hand,  the bearish OCEAN price prediction for 2021 is $0.33.

Furthermore, with the advancements and upgrades on the OCEAN ecosystem, the performance of OCEAN would rise reaching $1.5 very soon. But, it might also reach $2 if the investors believe that OCEAN is a good investment in 2021.

FAQ

1. What is the Ocean Protocol?
The Ocean Protocol is an ecosystem of data assets and services in which assets are represented by data and mechanisms, and services are represented by mechanisms of integration, processing, and sustainability.

2. Where can you purchase OCEAN?
OCEAN has listed on many crypto exchanges which include Binance, Mandala Exchange, CoinTiger, KuCoin, and Bitget.

3. Will OCEAN reach a new ATH soon?
With the ongoing developments and upgrades within the OCEAN platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Ocean Protocol?
On Apr 10, 2021, OCEAN reached its new all-time high (ATH) of $1.93.

5. Is OCEAN a good investment in 2021?
Ocean Protocol (OCEAN) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of OCEAN in the past few months, OCEAN is considered a good investment in 2021.

6. Can Ocean Protocol (OCEAN) reach $2?
Ocean Protocol (OCEAN) is one of the active crypto that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Ocean Protocol (OCEAN) will hit $2 soon.

7. What will be the OCEAN price by 2022?
Ocean Protocol (OCEAN) price is expected to reach $2.5 by 2022.

8. What will be the OCEAN price by 2023?
Ocean Protocol (OCEAN) price is expected to reach $3.6 by 2023.

9. What will be the OCEAN price by 2024?
Ocean Protocol (OCEAN) price is expected to reach $7.5 by 2024.

10. What will be the OCEAN price by 2025?
Ocean Protocol (OCEAN) price is expected to reach $15 by 2025.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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Mithril Price Prediction 2021 — Will MITH Price Hit $0.5 Soon?

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Mithril Price Prediction: Will MITH Reach a New ATH Soon?
  • Bullish MITH price prediction is $0.101 to $0.47.
  • The MITH price will also reach $0.5 soon.
  • MITH bearish market price prediction for 2021 is $0.013.

In Mithril (MITH) price prediction 2021, we use statistics, price patterns, RSI, RVOL, and much other information about MITH to analyze the future movement of the cryptocurrency.

Mithril (MITH) Current Market Status

According to coingecko, the price of MITH is $0.07 with a 24-hour trading volume of $45,616,265 at the time of writing. However, MITH has increased to 8.1% in the last 24 hours.

Moreover, MITH has a circulating supply of 618,753,636 MITH. Currently, MITH trades in cryptocurrency exchanges such as Binance, Mandala Exchange, OKEx, HitBTC, and Gate.io.

What is Mithril (MITH)?

Mithril (MITH) is an Ethereum blockchain-based crypto platform. It is a decentralized social media platform on the Ethereum blockchain that rewards users for creating content. Moreover, the team plans to partner with existing social platforms to drive the adoption of its ERC-20 MITH token. In addition to storing funds, the Mithril Vault wallet can be used for staking and swapping into other currencies.

Mithril (MITH) Price Prediction 2021

Mithril holds the 681st position on CoinGecko right now. MITH price prediction 2021 explained below with a weekly time frame.

MITH/USDT Horizontal Channel Trend Pattern (Source: Tradingview)

The horizontal channel trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal and the prevailing direction of price action is sideways.

Currently, MITH is at $0.07. If the pattern continues, the price of MITH might reach the resistance level to $0.194. If the trend reverses, then the price of MITH may fall to $0.029.

Mithril (MITH) Support and Resistance Level

The below chart shows the support and resistance level of MITH.

MITH USDT Support and Resistance Level
MITH/USDT Support and Resistance Level (Source: TradingView)

From the above weekly time frame, it is clear the following are the resistance and support levels of MITH.

Resistance Level 1 $0.101
Resistance Level 2 $0.196
Resistance Level 3 $0.474
Support Level 1 $0.03
Support Level 2 $0.01
Resistance & Support Level

The charts show that MITH has performed a bullish trend over the past month. If this trend continues, MITH might run along with the bulls overtaking its resistance level at $0.474.

Accordingly, if the investors turn against the crypto, the price of the MITH might plummet to almost $0.01, a bearish signal.

Mithril (MITH) Price Prediction 2021 — RVOL, MA, and RSI

The Relative Volume (RVOL) of MITH is shown in the below chart. It is an indicator of how the current trading volume has changed over a period of time from the previous volume for traders. Currently, RVOL of MITH lies below the cutoff line, indicating weaker participants in the current trend.

More so, the MITH’s Moving Average (MA) is shown in the chart above. Currently, MITH is in a bearish state. Notably, the MITH price lies below 50 MA (short-term), so it is completely in a downward trend. Therefore, there is a possibility of a reversal trend of MITH at any time.

Meanwhile, the relative strength index (RSI) of the MITH is at level 38.78. This means that MITH is in a nearly oversold state. However, this gives confidence for the traders to trade without any fear.

Mithril (MITH) Price Prediction 2021 — ADX, RVI

Let us now look at Mithril’s Average Directional Index (ADX). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX.

The above chart represents the ADX of Mithril. Currently, MITH lies in the range at 62.61, so it indicates a very strong trend.

From the above chart, the Relative Volatility Index (RVI) of MITH. RVI measures the constant deviation of price changes over a period of time rather than price changes. The RVI of MITH lies below the 50 level, indicating that the direction of volatility is low. In fact, MITH’s RSI is at the 38.78 level thus confirming a potential sell signal.

Comparison of MITH with BTC, ETH

The below chart shows the price comparison between Bitcoin, Ethereum, and Mithril.

1638812187 324 Mithril Price Prediction 2021 — Will MITH Price Hit 05
BTC Vs ETH Vs MITH Price Comparison (Source: TradingView)

From the above chart, we can identify the trend of the ETH, BTC, and MITH is moving at the same level as the trend. This indicates that when the price of BTC increases or decreases, the price of ETH and MITH also increases or decreases respectively.

Conclusion

With continuous improvements in the Mithril network, we can say that 2021 is a good year for MITH. For this reason, the bullish price prediction of Mithril in 2021 is $0.47. On the other hand,  the bearish MITH price prediction for 2021 is $0.01.

Furthermore, with the advancements and upgrades on the MITH ecosystem, the performance of MITH would rise reaching $0.19 very soon. But, it might also reach $0.5 if the investors believe that MITH is a good investment in 2021.

FAQ

1. What is the Mithril?
Mithril represents a new type of decentralized social media, based on blockchain, which will pay its users to create content.

2. Where can you purchase MITH?
MITH has listed on many crypto exchanges which include Binance, Mandala Exchange, OKEx, HitBTC, and Gate.io.

3. Will MITH reach a new ATH soon?
With the ongoing developments and upgrades within the MITH platform, it has a high possibility of reaching its ATH soon.

4. What is the current all-time high (ATH) of Mithril?
On Apr 12, 2018, MITH reached its new all-time high (ATH) of $3.82.

5. Is MITH a good investment in 2021?
Mithril (MITH) seems to be one of the top-gaining cryptocurrencies this year. According to the recorded achievements of MITH in the past few months, MITH is considered a good investment in 2021.

6. Can Mithril (MITH) reach $0.5?
Mithril (MITH) is one of the active crypto that continues to maintain its Bullish state. Eventually, if this bullish trend continues then Mithril (MITH) will hit $0.5 soon.

7. What will be the MITH price by 2022?
Mithril (MITH) price is expected to reach $0.20 by 2022.

8. What will be the MITH price by 2023?
Mithril (MITH) price is expected to reach $0.80 by 2023.

9. What will be the MITH price by 2024?
Mithril (MITH) price is expected to reach $1.5 by 2024.

10. What will be the MITH price by 2025?
Mithril (MITH) price is expected to reach $3 by 2025.

Disclaimer: The opinion expressed in this chart solely author’s. It does not interpreted as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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El Salvador Calls Another Bitcoin Dip With 150 BTC Purchase

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Picture of a bitcoin on top an El Salvador flag

Bitcoin has now become part of El Salvador’s daily life following the official implementation of the cryptocurrency as a legal tender. Since then, the El Salvador government has pledged to purchase bitcoins and has held up its end of the bargain. Now, every time the price of BTC goes down, the country calls the dip and purchase a significant amount of bitcoin.

In multiple instances spread through the past couple of months, El Salvador has purchased millions of dollars worth of bitcoin. The country had purchased 100 bitcoins during the last bitcoin dip. This time around, El Salvador has taken another opportunity to increase its BTC holdings, adding 150 coins to its coffers.

Related Reading | Calls For Tesla To Resume Bitcoin Payments As Mining Reaches 57% Renewable Energy

El Salvador Calls The Dip

Only a week after its last purchase, El Salvador has deepened its bitcoin bet again. The decrease in the value of the digital asset has seen the country taking advantage of the presented opportunity. While a good portion of the market panics and believes that it might be headed into a bear market, El Salvador has gone the opposite way made evident by its BTC purchases.

Once again, President Nayib Bukele had taken to Twitter to announce the purchase which took place on Saturday. Bukele announced to his 3.2 million Twitter followers that the country had bought the dip, purchasing 150 coins at an average price of $48,670, bringing the total loot to approximately $7.3 million.

BTC trading below $50K | Source: BTCUSD on TradingView.com

Bitcoin In The Green

Although the move on President Nayib Bukele’s part is praised by many in the bitcoin space, not everyone has been happy with the purchases. There has been a lot of criticism regarding El Salvador’s decision to invest in BTC on a national scale but this has rolled off of Bukele like water off a camel’s back.

Related Reading | SEC Boss Acknowledges That Bitcoin Is A Competitor For U.S. Banking System

Responding to a comment saying that the president was wasting taxpayers’ money on a digital asset that was set to suffer more dips, Bukele explained that the BTC the country has purchased so far has remained in profit. Bukele compared its BTC holdings to its gold reserves which are down 0.37% from a year ago while its bitcoin remains in green.

With its latest 150 bitcoin purchase, El Salvador now holds 1,370 BTC.

Featured image from Anadolu Agency, chart from TradingView.com

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