Micro-investor opinion: Cardano is higher than Bitcoin

Micro-investor opinion: Cardano is higher than Bitcoin

According to a recent survey by cryptocurrency broker Voyager Digital, US investors' outlook on Cardano (ADA) is much higher than that of the market's leading cryptocurrency, Bitcoin (BTC).

The company's digital asset investor sentiment poll, first published by the Decrypt news website, shows that 31.9% of investors surveyed are more bullish than Cardano, while 22.2% are BTC. Have been selected instead of ADA. The results came as Cardano hit a record low of $ 1.5 last month, becoming the fourth-largest currency in terms of market value.

Steve Ehrlich, CEO of Voyager Digital, said:

"Sure, everyone is talking about bitcoin these days, but to name Cardano ahead of the currency is really a big surprise."

Ehrlich added that this sentiment reflects the "passion" that the company's users have for cryptographic assets. After Bitcoin, investors had the "most bullish outlook" on Atrium (12.2%) and Polkadat (6.3%). According to him, the results show that the diversity in the cryptocurrency ecosystem has increased, because investors have more assets to choose from.

The survey of 1385 investors in the United States found that most participants expect the price of bitcoin to reach $ 51,000 to $ 60,000 by the end of this month, in addition to the fact that 80% of respondents said they intend to Buy more bitcoins this month.

The results of the Cardano poll were somewhat predictable, as the cryptocurrency has risen more than 500 percent this year, drawing the attention of small investors.

It is worth mentioning that the search for this cryptocurrency also exceeded the highest figure recorded in 2017 last month, and since then, this upward trend has continued. A Google search for a cryptocurrency is often used to assess the interest of small investors in that currency.

Cardano's price has risen to $ 1.11 after a massive correction from its highest price level of about $ 1.5.

Noon report on global markets Wednesday, February 24

Noon report on global markets

US stock indexes and the Treasury stock market are stable. Investors are assessing the growth prospects of the global economy. In Asia, the Hong Kong stock market fell the most in nine months due to a tax increase, and in Europe, the Stoxx Europe 600 stock index changed slightly. In general, the world's financial markets have a vague trend. Meanwhile, the speech of the US Federal Reserve yesterday supported the US stock markets.
In the digital currency market, the price of bitcoin has returned to above $ 50,000. Apparently, the positive comments of Ark Investment Company supported Bitcoin. The director of the investment company said that he is optimistic about the future of Bitcoin and welcomes the downward and healthy correction of the market.

An overview of the cryptocurrency market today Tuesday, February 23

An overview of the cryptocurrency market today Tuesday, February 23

In the last 24 hours, we have once again witnessed the emergence of a very unstable nature of the crypto market. Bitcoin has pioneered this trend with a significant drop of $ 11,000. Most of the alternative coins also went downhill, eventually losing more than $ 260 billion in cryptocurrency.

Bitcoin falls again to 50 thousand dollars

A popular saying in the cryptocurrency market is "this market is never stagnant or boring." Now, in the last 24 hours, the term has become more prominent, but this time with a negative aspect. Bitcoin had recently reached its highest price at $ 58,400, and although everything seemed quite bullish for this asset, the situation changed completely within a few hours.

BTC lost about $ 11,000 in 24-hour timeframes, reaching a daily low of $ 47,500. Shortly after the massive decline, the cows took control of the market, bringing the cryptocurrency to $ 55,000.

However, Bitcoin failed to sustain this improvement and once again fell below $ 50,000. At the time of writing, the market's top cryptocurrency is being reconsidered and is currently trading at $ 47,920.

Finally, the bitcoin market capitalization fell by more than $ 100 billion in one day, reaching below $ 1 trillion.

Sea of ​​Blood in the Altcoins Market

As in the past, the price correction trend in the Altcoin market is more intense than in Bitcoin. Atrium dropped more than 15 percent in 24-hour timeframe to $ 1,600. Due to the fact that the price of this leading currency was more than $ 2040 in just a few days, following this fall, Ether (ETH) has lost more than $ 400 in a few days.

Bainance Quinn, which recently hit a new record at around $ 350, also fell to $ 235. Polkadot (-8%), Cardano (-5%), Ripple (-12%), Litecoin (-15%), Chainlink (-17%) are all red today.

The highest price drop today in Altoquins such as Dodo (-25%), Elrond (-24%), Siacoin (-23%), IOST (-23%), 1inch (-23%), Ontology (-22%) , Aave (-20%), Curve Dao Token (-20%), Waves (-20%), and BitTorrent (-20%).

As a result of recent price movements in the crypto market, the total value of the crypto market has fallen by more than $ 260 billion to $ 1.5 trillion.

An overview of the cryptocurrency market Sunday, February 21

An overview of the cryptocurrency market Sunday, February 21

The currency calmed down to about $ 56,000 after the last bitcoin price hit a record high of $ 57,500 and then reached $ 54,000 with a sharp correction. Most replacement coins have also been declining over the past 24 hours.

Bitcoin settles at $ 56,000

Last week was a good week for the market's top cryptocurrency as it was able to offset the loss from the recent fall of $ 46,000. In the following days, the asset set a new record with a price increase of more than $ 11,000.

These developments led to the beginning of the last significant rally of this currency. The uptrend started at $ 55,000 and ended at levels above $ 57,500.

As is sometimes the case in the world of cryptocurrencies, this record was followed by a sharp drop in price to $ 54,000 in most cryptocurrencies, but Bitcoin managed to get out of this correction immediately and is now priced at around It will be traded for 56 thousand dollars.

The market value of the BTC mark has remained at $ 1 trillion, while the dominance of this asset in the market has slightly increased to 61.5% because most altcoins have turned red in the last 24 hours.

Blood bath in the Altcoins market

Over the past few days, most Altcoins have begun to grow; Of course, none of them may have grown as significantly as Baines Coin (BNB). The cryptocurrency gained three-digit growth in the last seven days, setting a new record at around $ 350. It is interesting to know that less than a month ago, BNB was trading at $ 40!

Yesterday, the local currency of Bainance Exchange started a corrective process and lost almost $ 100 of its value and reached $ 260. Atrium fell 4 percent after failing to close its daily candle above the $ 2,000 milestone. Ripple (7.5%), Light Coin (8-%) and Bitcoin Cash (8-%) are also red.

Polkadat reached a new record above $ 40 yesterday and for a short time even replaced the BNB among the top 3 currencies in the market, but has since stopped and is now trading below this level. Cardano (ADA) also rose 6 percent to $ 1.12.

However, on the 24-hour UNI scale, with a 25% increase, it saw the largest price increase among high-value altcoins. As a result, the Uniswap dominance token hit a record high of $ 32 earlier today. Thus, this asset became the twelfth largest cryptocurrency in terms of market value.

The situation has been slightly better between lesser-valued altcoins. The Pundi X tops the list with a 55% price increase, followed by Flow (20%), Voyager (19%), BitTorrent (17%) and Ontology (14%).

Quant, on the other hand, had the biggest price drop of 13 percent. Ren (-11%), Solana (-9%), Monero (-9%) and EOS (-9%) are next.

An overview of the cryptocurrency market today Tuesday, February 16

An overview of the cryptocurrency market today Tuesday, February 16

Over the past 24 hours, we have seen a significant improvement in the cryptocurrency market after a slight correction that occurred yesterday morning. Bitcoin hit $ 50,000 for the first time, and the total cryptocurrency market capitalization rose to over $ 1.5 trillion.

Bitcoin touched the $ 50,000 level

For the first time in history, the market's top cryptocurrency touched the $ 50,000 target. Reaching this milestone, the price of bitcoin has grown by more than 72% since the beginning of 2021.

This happened after a few days of fluctuations in the price movements of this currency. On Sunday, Bitcoin seemed ready to break the $ 50,000 level. But during Asian trading, BTC experienced a slight correction and fell below $ 46,000.

Since then, the cryptocurrency has risen to less than $ 50,000 in less than a day.

Polkadat in fourth place

Meanwhile, according to CoinGecko, the Polkadat cryptocurrency (DOT) has officially become the fourth largest cryptocurrency in the market in terms of market value. The Altcoin surpassed Cardano to increase its distance from Tetra to $ 3 billion.

The total value of the crypto market has exceeded $ 1.5 trillion.

As can be seen in the map above, today the cryptocurrency market is a green hand. Atrium traded up about 2.5% at more than $ 1,800, DOT rose more than 14%, while ADA saw growth of 7.5%.

LightCoin is now approaching the $ 220 mark with a rise below 7%. XRP could not keep up with this wave and recorded only 0.55% growth.

In fact, the market situation today has been so favorable that Coin Market Cap data in the last 24 hours introduces only the VGX token with a 1.2% decrease as today's loser.

An overview of the cryptocurrency market today February 13

An overview of the cryptocurrency market today Saturday, February 13

On February 12, the price of Bitcoin (BTC) reached its all-time high of $ 48,985 before returning to the $ 46,000 level.

A quick look at the 4-hour chart of this currency shows that the trading of this high-ranking cryptocurrency is in the consolidation stage, but BTC still maintains its bullish momentum through the higher price ceiling pattern and higher price floor. If BTC can maintain its current speed and structure, it is likely that we will see a move towards the $ 50,000 level before the end of the weekend.
Bitcoin currently has about four million coins in circulation, and since June 2020, this figure has been steadily declining due to an increase in whales and corporate investors.

With the increase in wallets containing more than 1,000 BTC units, there is growing evidence that whales are growing. As the number of large wallets increases, so does the number of smaller wallets.

Traditional markets came under pressure early Friday after federal regulators announced Feb. 11 that regulators had launched probes to investigate possible market manipulation of the abnormal jump in GameStop and AMC shares on Robinhood and Reddit.

All three main indices then jumped higher and ended the day with the S&P 500 and NASDAQ trading at 0.47% and 0.50%, respectively. The Dow Jones Industrial Average was up 0.09%.

Atrium (ETH) entered another unknown territory on Friday with a new record of $ 1863, while Polkadat (DOT) reached 29.52 overnight, rising 21 percent among the top 10 currencies.

Other altcoins that have outperformed in the last 24 hours include the Algrand Net Proof Protocol (ALGO), which has risen 38% to a high of $ 1.84. Thezos (XTZ) also rose 23% to a new record of $ 5.41.

Currently, the total market value of cryptocurrencies is $ 1.48 trillion and the bitcoin market dominance rate is 60.4%.

Bitcoin dominance reached its lowest level in three months!

Bitcoin dominance reached its lowest level in three months!

Bitcoin dominance, or the ratio of bitcoin market volume to other digital currencies, is approaching the psychological support floor recorded in mid-October 2020. Bitcoin dominance fell 11 percent in January. Here are some possible reasons for this decline.

Bitcoin dominance targets 60%!

Bitcoin bitcoin reached 60% yesterday. Bitcoin dominance registered on February 7 (February 19), the lowest bitcoin dominance since October 20, 2020 (October 29). Since then, the price of bitcoin has tripled.

At the time of writing, the bitcoin dominance is around 60%. According to TradingView, it is currently in the 61.95% range. But that's about 60.1 percent on Coingecko and about 61.93 percent on Binance's CoinMarketCap.

Thus, Bitcoin Dominance has lost all its gains since the December rally. On January 3, Bitcoin Dominance hit a 15-month high of 73%. Also, this increase in dominance could be related to the Ripple price drop, in which the share of this cryptocurrency in the digital currency market was greatly reduced.

Just one week after the US Securities and Exchange Commission complained about Ripple, Bitcoin's dominance grew by 7%. Some analysts at the time predicted that money would flow from the Ripple market to Bitcoin.

Binance Quinn, Cardano and Atrium, the three flagships of the Alt Quinn season!

On the other hand, the decline in bitcoin dominance led to the Altcoin season. This price rally can be seen in two parts: the top 10 altcoins on the market and DeFi tokens.

For example, the market's second-largest cryptocurrency, Atrium, has grown 116 percent since December, and two days ago, set a new historical price cap of $ 1,750 at most reputable exchanges.

Bainance Coin (BNB), which is the exclusive token of Bainance Exchange, was able to set new price records. In just seven days, the price of this cryptocurrency grew by 58%. At the time of writing, the price of this currency code is above $ 70.

Cardano (ADA), also known as a competitor to Atrium, has also managed to record a tremendous price rally, growing by 25% in the last 24 hours alone.