Cryptocurrencies are going INSANE… Gains are being made ( and lost) left right and centre. To succeed we must stay prepared, so today we’ll share our chief analysts insight on what various coin prices have been doing and where they might go next.
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Contradictory Crypto Trend in Progress
The week started strong for Bitcoin but is now softening up with potential for sideways and downward price action in the coming weeks. Bitcoin has also been pulling USDT-paired coins down, with exceptions for coins such as DOGE, WAVES, ETC and a few more gravity-defiers.
Which coins are worth watching to buy on dips?
Among these market-defying coins, UTK, CTSI and TRB are breaking into new levels. We’ll be watching them closely to trade them on dips and breakouts. Jump to the bottom to learn how you can quickly and easily track these coin’s price action with some free tools.
What’s next for Bitcoin and Ethereum?
Our early-March Ethereum buy our free telegram channel, reached its first target of $3,179 this week offering up some tasty 104% max gains. We’re expecting continued strength and will look at buying the larger dips for ETH BTC around 0.045 – 0.051 area!
Chart Visualisation of our ETH / USDT call:
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As for Bitcoin, we’re expecting more sideways action to lead to a dip and result in a major breakout! These are our key support and resistance zones for Bitcoin:
Overall, this divergent trend is likely to continue with Bitcoin going sideways/downward while old world ALTs as well as new IEO coins will continue to pump harder!
IOTA reaching $10: How Realistic is it?
There are 2,779,530,283 (~2.8 billion) MIOTA coins in circulation. So in order to reach $10, IOTA’s market cap needs to grow from its current $5.5 billion to $27.8 billion ($10 x total coins in circulation). How likely is this to happen? Well, read on…
To give you a point of reference, Ethereum’s market cap hit $27.4 billion in June 2017. It’s now at almost $400 billion. News, upgrades and the insane growth of ETH’s gwei-loving community are likely the main causes. The only question is, can IOTA do the same to 5x it’s market cap?
What’s going on in the world of IOTA:
There’s lots of buzz and excitement around IOTA’s Chrysalis 2.0 which went live last week on April 28th.
“The time has finally come. With Chrysalis, IOTA is now enterprise-ready and has entered a new era of adoption, serving as a base layer for the machine economy, the Internet of Things and beyond, enabling new use cases and setting standards in data and value transfer. All of this is achieved without fees and while maintaining a minimal environmental footprint.” – From IOTA’s public newsletter on April 28th
While we’re yet to see a sizable increase in price, the real-world solutions that IOTA can provide with Chrysalis 2.0 could see it gain major traction in the coming times.
IOTA to $10? Our Conclusion:
We believe it’s entirely possible for IOTA to reach $10. With the right smart city contracts, IoT integrations and overall market adoption, there will be plenty of LEGITIMATE value to back IOTA soaring up in value (Ehem, DOGE…)
IOTA Price Analysis:
IOTA’s USDT pairing is trying to break recent highs on Binance Exchange! So far the attempts to breakout above $2.15 area (earlier high) have been rejected. IOTA posted a new high of $2.67 but has since retreated back below $2
Key Prices for buying IOTA dips:
We’ll be buying IOTA between $0.95 & $1.50 if we get further dips! Accumulation in this area will give a better average purchase price for a mid-term hold. On the top side we need to clear $2.20, $2.67 and $3.44 as the first hurdle before larger targets open up.
While IOTA May take a while to clear $2.20 resistance, expect more speed once we clear the $2.67 area!
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