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Top 3 DeFi by Volume: LINK, LUNA, DAI

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Top 3 DeFi by Volume: LINK, LUNA, DAI
  • The top 3 defi by volume are LINK, LUNA, and DAI.
  • Chainlink enables blockchains to securely interact with external data feeds.
  • DAI development is managed by Maker Protocol and the MakerDAO.

The top 3 decentralized finance (DeFi) by volume are Chainlink(LINK), Terra (LUNA), and Dai (DAI).

The first top DeFi by volume is LINK. It has secured the 17th rank in CoinMarketCap. More so, Chainlink enables blockchains to securely interact with external data feeds, events, and payment methods, facilitating the critical off-chain information needed by complex smart contracts to become the dominant form of digital agreement. It was the first network to enable the incorporation of off-chain data into smart contracts.

Accordingly, as per CoinMarketCap, LINK’s price has been trading at $26.27 with a 24-hour trading volume of $1,306,398,264. The circulating supply of LINK is 458,009,553.92. LINK can traded in crypto exchanges such as Huobi Global, Coinbase Pro, Gate.io, Kraken.

2. Terra (LUNA)

The next top DeFi by volume is Terra (LUNA). It is a blockchain protocol that utilizes fiat-pegged stablecoins to power price-stable global payments systems. Particularly in the Asia-Pacific region, Terra has established several collaborations with payments platforms. Terra has used a proof-of-consensus so the blockchain is more secured.  The native token of Terra, LUNA, utilized to stabilize the price of the protocol’s stablecoins.

More so, according to CoinMarketCap, LINK’s price was trading at $36.36 with a 24-hour trading volume of $1,002,170,124. And the circulating supply of LUNA is 401,763,541.27 LUNA.

3. Dai (DAI)

The 3rd top decentralized finance (DeFi) by volume is Dai (DAI). DAI, an Ethereum-based stablecoin and its development is managed by Maker Protocol and the MakerDAO decentralized autonomous organizations. Furthermore, new DAI tokens are not created through mining like Bitcoin (BTC) and Ethereum (ETH), they are minted by a private company as per their issuance police like Tether (USDT). Another main advantage of DAI it is managed by a decentralized autonomous organization through a software protocol.

According to CoinMarketCap, the DAI price was trading at $0.9997 with a 24-hour trading volume of $1,028,545,316 and in the last 24-hour the volume of Dai has been gained 138.67%. The circulating supply of DAI is 6.47B DAI.

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Tezos Price Prediction – How Much Will XTZ Be Worth in 2021?

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Tezos Price Prediction – How Much Will XTZ Be Worth in 2021?
  • Bullish Tezos  price prediction ranges from $7.96 to $9.55.
  • Tezos  prices might also reach $10 soon.
  • XTZ bearish market price prediction for 2021 is $3.15.

In Tezos  (XTZ) price prediction 2021, we use statistics, price patterns, ADX, and much other information about XTZ to analyze the future movement of the cryptocurrency. 

Tezos is a blockchain network that’s based on smart contracts, in a way that’s not too dissimilar to Ethereum. However, there’s a big difference: Tezos aims to offer infrastructure that is more advanced — meaning it can evolve and improve over time without there ever being a danger of a hard fork. This is something that both Bitcoin and Ethereum have suffered since they were created. People who hold XTZ can vote on proposals for protocol upgrades that have been put forward by Tezos developers.

Let us see about the Tezos price prediction 2021.

Current Market Status of Tezos (XTZ) 

According to CoinGecko, the Tezos price is trading at $6.86 with a 24-hour trading volume of $329,958,203, at the time of writing. However, Tezos has decreased by 4.7% in the last 24 hours.

Currently, Tezos trades in cryptocurrency exchanges such as Binance, Tokocrypto, OKEx, FTX, and Bybit.

Tezos (XTZ) Price Prediction 2021

Tezos (XTZ) holds the 34th position on CoinGecko right now. Tezos price prediction 2021 explained below with a daily time frame. 

XTZ/USDT Showing Ascending Channel Pattern (Source: TradingView)

The price action contained between two parallel upward sloping lines defined as an ascending channel. Higher highs and lower lows distinguish this price pattern. An ascending channel formed by connecting the swing lows with a lower trend line and the swing highs with an upper channel line.

A breakout above an ascending channel may indicate that the upward trend will continue, whereas a breakdown below an ascending channel may indicate that the trend will change.

Currently, XTZ is trading at $7.049. After this, XTZ may continue to fall or rise according to the direction of breakout. With this pattern, XTZ might reach the resistance level at $9.55 soon. If the trend reverses, then the price of XTZ may fall to $4.54.

Tezos (XTZ) Support and Resistance Level

The below chart shows the support and resistance level of Tezos (XTZ). 

1638342905 811 Tezos Price Prediction – How Much Will XTZ Be Worth
XTZ/USDT Support and Resistance Level (Source: TradingView)

From the above chart, it is observed that the following are the resistance and support levels of Tezos.

  • Resistance Level – $8.38
  • Support Level 1 – $6.29
  • Support Level 2 – $4.24
  • Support Level 3 – $3.15

The chart depicts the bullish performance of Tezos over the previous month. However, this trend will continue to reach a resistance level at $8.38 soon. Even more, if the trend reversed then Tezos might fall to $3.15 presenting a bearish signal.

Tezos (XTZ) Average Directional Index (ADX)

Let us now look at XTZ’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also be used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).

Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it is frequently combined with directional indicators.

The above chart represents the ADX of Tezos. Currently, Tezos lies in the range at 21.024, so it indicates a weak trend.

Conclusion

Tezos is one of the cryptos which is great for long-term investment. In addition, Tezos price prediction is bullish for a short-term. It has a good chance of reaching $9.12 within the end of this year. However, this will only happen if many previous psychological barriers are broken.

Furthermore, with the advancements and upgrades on the Tezos ecosystem, the performance of Tezos would rise reaching $8.38 very soon. But, it might also reach $10 if the investors believe that Tezos is a good investment in 2021.

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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Pundi X[new] Price Prediction 2021 – Will PUNDIX Hit $4 Soon?

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Pundi X[new] Price Prediction 2021 - Will PUNDIX Hit $4 Soon?
  • Bullish PUNDIX price prediction ranges from $2.07 to $3.60.
  • The PUNDIX price might also reach $4.
  • PUNDIX bearish market price prediction for 2021 is $1.20.

In PUNDIX price prediction 2021, we use statistics, price patterns, ADX, and much other information about PUNDIX to analyze the future movement of the cryptocurrency. 

Pundi X is a pioneering blockchain-powered device developer with the goal of transforming retail businesses with its blockchain-based point of sale solution. On its blockchain, the solution enables retail merchants and consumers to conduct instantaneous in-store transactions.

Current Market Status of Pundi X[new] (PUNDIX)

According to Coingecko, the price of PUNDIX is $1.63 with a 24-hour trading volume of $41,785,439 at the time of writing. However, PUNDIX dropped to 4.12% in the last 24 hours.

Moreover, PUNDIX has a circulating supply of 258,491,637 PUNDIX. Currently, PUNDIX trades in cryptocurrency exchanges such as Binance, FTX, Upbit, KuCoin, and Bitrue. 

Pundi X[new] (PUNDIX) Price Prediction 2021

Pundi X[new] (PUNDIX) holds the 151st position on CoinGecko right now. Pundi X[new] price prediction 2021 explained below with a daily time frame. 

PUNDIX/USDT Higher High and Higher Low Pattern (Source: Tradingview)

When the peaks and troughs on a chart ascend, an uptrend is occurring. Prices in that uptrend can be seen as higher highs and higher lows. Prices from the previous period that were seen as highs are now even higher than they were before the uptrend began.

Not only do the highs finish higher, but the lows from a previous period of time gain value and end up being higher than before. This indicates to a trader that prices are rising and the overall value is rising, indicating that it is time to sell and make a profit before a downtrend occurs.

Currently, PUNDIX is waving at $1.63. After this, PUNDIX may continue to fall according to the higher high and higher low pattern. With this pattern, PUNDIX might reach the resistance level at $2.26 soon. If the trend reverses, then the price of PUNDIX may fall to $1.54.

Pundi X[new] (PUNDIX) Support and Resistance Level

The below chart shows the support and resistance level of Pundi X[new] (PUNDIX). 

1638342167 307 Pundi Xnew Price Prediction 2021 Will PUNDIX Hit 4
PUNDIX/USDT Support and Resistance Level (Source: Tradingview)

From the above chart, it is observed that the following are the resistance and support level of PUNDIX.

  • Resistance Level 1 – $2.07
  • Resistance Level 2 – $2.70
  • Resistance Level 3 – $3.60
  • Support Level 1 – $1.20
  • Support Level 2 – $0.59

The chart depicts the bullish performance of PUNDIX over the previous month. However, this trend will continue to reach resistance level at $2.26 soon. On the contrary, if the trend reversed then PUNDIX might fall to $1.54 presenting a bearish signal.

Pundi X[new] (PUNDIX) Average Directional Index (ADX)

Let us now look at PUNDIX’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also be used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).

Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it is frequently combined with directional indicators.

The above chart represents the ADX of PUNDIX with the range at 50.54, so it indicates a strong trend.

Conclusion

The Pundi X[new] is one of the cryptos which is great for long-term investment. In addition, PUNDIX price prediction will be bullish for a short-term period. It has a good chance of reaching $2.26 this year. However, this will only happen if many previous psychological barriers are broken.

Furthermore, with the advancements and upgrades on the PUNDIX ecosystem, the performance of PUNDIX would rise reaching $2.26 very soon. But, it might also reach $4 if the investors believe that PUNDIX is a good investment in 2021.

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

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Aion Price Prediction 2021 – Will AION Hit $0.80 Soon?

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Aion Price Prediction 2021 - Will AION Hit $0.80 Soon?
  • Bullish AION price prediction ranges from $0.25 to $0.56.
  • The AION price might also reach $0.80.
  • AION bearish market price prediction for 2021 is $0.15.

In AION price prediction 2021, we use statistics, price patterns, ADX, and much other information about AION to analyze the future movement of the cryptocurrency. 

Aion is a multi-tier blockchain platform designed for blockchain interconnection. AION tokens are used to launch new blockchains, monetize inter-chain bridges, and secure the network as a whole. Nuco, which was founded in the spring of 2016, created AION.

Aion has a fortune system that offers members of the community for providing technical support, documentation, and other assistance.  Currently, AION is mined using a modified Equihash Proof-of-Work mining algorithm.

Current Market Status of Aion (AION)

According to Coingecko, the price of Aion is $0.198 with a 24-hour trading volume of $14,426,731 at the time of writing. However, AION surged to 4.06% in the last 24 hours.

Moreover, AION has a circulating supply of 494,841,926 AION coins. Currently, AION trades in cryptocurrency exchanges such as Binance, BiONE, KuCoin, Bitrue, and Pionex.

Aion (AION) Price Prediction 2021

Aion (AION) holds the 398th position on CoinGecko right now. AION price prediction 2021 explained below with a daily time frame. 

AION/USDT Falling Wedge Pattern (Source: TradingView)

The falling wedge pattern is a continuation pattern formed when price bounces between two downward sloping, converging trendlines. It is a bullish chart formation, but it can also indicate reversal or continuation patterns depending on where it appears in the trend.

Currently, AION is waving at $0.198. After this, AION would continue to follow the pattern where the price chart would show uptrend. Moreover, the price of AION will breakout at $0.20 and might reach the resistance level to $0.64. If the trend reverses, then the price of AION may fall to $0.15.

Aion (AION) Support and Resistance Level

The below chart shows the support and resistance level of Aion (AION). 

1638341486 196 Aion Price Prediction 2021 Will AION Hit 080 Soon
AION/USDT Support and Resistance Level (Source: TradingView)

From the above chart, it is observed that the following are the resistance and support levels of AION.

  • Resistance Level 1 – $0.25
  • Resistance Level 2 – $0.38
  • Resistance Level 3 – $0.56
  • Support Level 1 – $0.15
  • Support Level 2 – $0.09
  • Support Level 3 – $0.06

The chart depicts the bearish performance of AION over the previous month. However, AION will follow a bullish pattern and will rise. On the contrary, if the trend reversed then AION might fall to $0.15 presenting a bearish signal.

Aion (AION) Average Directional Index (ADX)

Let us now look at AION’s Average Directional Index (ADX). In particular, the ADX assists traders in determining the strength of a trend rather than its direction. It can also be used to determine whether the market is changing or if a new trend is beginning. It is, however, linked to the Directional Movement Index (DMI).

Moreover, the oscillator has a range of 0 to 100. In addition, a high value represents a strong trend, while a low value represents a weak trend. Furthermore, it is frequently combined with directional indicators.

The above chart represents the ADX of AION lies in the range at 45.07, so it indicates a strong trend.

Conclusion

The AION is one of the cryptos which is great for long-term investment. In addition, AION price prediction is bullish for a short-term. It has a good chance of reaching $0.64 within the end of this year. However, this will only happen if many previous psychological barriers are broken.

Furthermore, with the advancements and upgrades on the AION ecosystem, the performance of AION would rise reaching $0.64 very soon. But, it might also reach $0.80 if the investors believe that AION is a good investment in 2021.

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

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