THE LAST WEEKS PREFORMERS
We saw some gains last week with Apots being the biggest gainer surprisingly. In the last week the coin saw it self reach a new all time high price of nearly $20.00 before droping and finishing the week on $17.90 . This price is above a crucially significant resistance level of $17.60. This gain of more than %400 since the start of 2023 has been met with some scepticism. With some investors claiming the capitalisation of APT is inflated. This hype around the L1 PoS token is interesting. And what the price will do in the coming weeks we will have to wait and see. BTC has also seen a positive week with the coin reaching $23k before stoping the climb and starting to fluctuate in the price range of $23k to $24k . The crypto utility has seen positive up trending days and droping on other days. One day up one day down it seemed. There is positive feedback from the ranged movement of BTC with the utility getting growing highs that seems to be maintaining a upward tred.
CRYPTO MARKET SURPASSES THE $1T MARK SINCE THE FTX CRASH
Since FTX crashed crypto markets as a whole dropped well below the $1T range. With the short bull market we have experienced this last month that has changed as the crypto marketcap rose above the all important $1T mark. It has been a long winter in the crypto market. But the rise back has given the community the glimpse of the possibilities yet to be achieved. The most important influence of an adopting technology is the unrealised value it can hold. There is also the amazon NFT service about to launch and who can forget about the Elon Musk/Twitter payment plans being launched. This comes as CEO Elon Musk tries to diversify revenue streams. The everything app they are planing to roll out will be getting regulatory checks within the next year and then they aim at moving into international payment services. There are lots of apps that Twitter will be competing with . At the end of the day this could only be good for crypto as the news helped gain Dodgecoin 8% . The meme token has seen a couple of price surges due to tweets from Elon Musk in the past. The success of this payment service will depend on consumer confidence gaining trust, as well as complying with the regulations .
BTC LOOKING LIKE A GOOD OPPORTUNITY TO BUY
The price of BTC keeps renewing it's highs . With the utility bouncing off the support levels confidently. Creating good opportunities to buy BTC at a better price. The price is maintaining its upward trend it established in the begining of the year. The resistance levels are continuing to get updated with a dominant uptrend being sighted. Starting a trade at a broken resistance level can be positive holding that trade acording to your own personal aims. The bear market seems to be finished for now . With Altseason about to erupt this is a very exciting time for crypto curacies.
the information in this article is for entertainment purposes only. Please speak to a financial advisor before making any investments . I am not a financial advisor and this is not financial advice. Do your homework and consult a financial advisor before making any investments.
Thats all from me DerbycuzXRP till next time
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