MKR/USD
After MKR in just 1 day managed to increase its value by 34% The main price movement continues to be bearish. Today June 19 the bulls tried to break the resistance of the 527 USD obtaining negative results, since at the time of writing this on the 1 hour chart 10:31 (UTC) opened a bearish volume candle, preventing the Bulls achieved their goal by bringing the price to $ 520 below the resistance level, that level was created from the MakerDAO community vote in favor of the introduction of tokenized "real world" assets as collateral for loans in Dai. Due to that, the following days the price grew more than 30%. Now the price is below the resistance level but it does not seem to be a negative sign, but quite the opposite because. The World Economic Forum recognized six Blockchain companies within its list of the 100 technological pioneers of 2020 among them was Chainlink and MakerDAO.
These are among the 100 companies worldwide chosen for their contributions to cutting-edge technology, from "artificial intelligence to diagnose cancers, quantum computing systems, to carbon capture and removal technologies, cell-grown meat production and the use of the microbiome for tracing assets. "
Blockchain was named a pioneer in 2016
Since 2000, the FEM has selected technology companies from among prominent and future to be technology pioneers. Traditional companies like Mozilla, Spotify, Twitter, Google have been on that list, but recently blockchain companies have started to be recognized much more frequently.
We should not lose sight of MKR in the following days since it will give us important movements
BAT/ USD
In the 4H chart we can see how on June 13 the price confirmed that it was further away from the uptrend, (the uptrend lasted only 30 days). However at the moment there is nothing negative in BAT the acceptance of the BRAVE web browser has increased considerably lately it has formed great alliances, and people with a considerable number of followers speak favorable things about this browser. But we should not be carried away by emotions, let's analyze in depth.
Technical Analysis represents a great tool, as we can see in the graph, from June 11 to today the price has tried 3 times to break down the important support line of 0.214 USD. But the bulls are very well prepared and have the vanguard well mounted, as soon as the bears approach they receive a strong rejection of the bull. Yesterday, June 18, for the third time, the price tried to break the support again, but today, an interesting bullish movement began and that bearish break attempt ended in a bullish rejection by the Support that I mentioned before.
Something to keep in mind is that TEMA 20 remains below DEMA 60
BAT will present great short-term returns without a doubt. Opt for the odds and not so much for the intuitions.
ETH / USD
At the time of writing this the value of ETHEREUM is 230.9 USD, on June 10 the price reached the maximum point of this month 250.72 USD per exchange repeating prices on June 1. Everything remained postive until the following June 11, the price fell 10% from that moment until now, the price has remained on one side respecting the support of 232USD. The movement continues to be favorable for bulls as the price continues to support the secondary bullish trend that was created from March 20 of the current year to the present day, bears try to get closer to this trend line but receive a strong rejection by the bulls, which indicates that it is only a setback to give continuity to the bullish momentum.
* An important fact that we should not miss is that from yesterday to today we have an EMAS crossover, which means that if our TEMA20 crosses below DEMA 60 and the price breaks the support of 232 USD then the price could drop to $ 220 to continue a big bullish move
To all this we must add that:
- Media magnate Steve Forbes has described crypto assets as "a high-tech cry for help," a result of the failures of contemporary fiat money systems.
In an interview with the Center for Natural and Artificial Intelligence, Forbes Inc. President Steve Forbes referred to cryptocurrency and the future of money. Forbes described cryptocurrencies as a "high-tech cry for help" born out of "the instability of money printed by the government today."
- Bitcoin may be responsible for triggering a valuation wave for Ethereum (ETH). According to executive Chris Burniske's prediction, altcoin has a chance to trade at $ 7,500 after being pushed into the market by BTC.
For the specialist and partner of the PlaceHolder Investment Fund, when the price of Bitcoin is quoted at US $ 50,000, Ethereum will automatically be worth US $ 7,500. However, to achieve these values it will be necessary for the capitalization of Bitcoin to reach 1 trillion dollars in the market, which will also cause an increase in the price of Ethereum Like BTC, other assets like Ethereum should be affected by the growth of the cryptocurrency market capitalization. The trading pair between BTC and ETH may return to its all-time high (ATH). According to Burniske, the price of Bitcoin will reach $ 50,000 with a market capitalization of $ 1 trillion. Therefore, for the specialist, this movement will allow Ethereum to be traded in values above $ 7,500.
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According to the analysis company Santiment, these three cryptocurrencies can surpass Bitcoin
Thus, to analysts, several cryptocurrency market metrics indicate that Ethereum (ETH), Basic Attention Token (BAT), and MKR (MKR) seem more optimistic in the short term than Bitcoin (BTC).
Santiment analyzed the three-day averages for each of the crypto assets in three metrics.
The first, DAA (Daily Active Addresses) vs. Price divergence.
This metric compares the price of an asset with the number of unique addresses that interact with that specific currency on a daily basis.
The second is the Network Value for Transactions (NVT) relationship.
This metric compares the value transferred in a specific network (transaction volume / token circulation) with the market value of the network.
Thus, Santiment evaluated each asset using a simplified classification system: 0-10, where 0 represents the lowest and 10 the highest.
A 5 implies a forecast of lateral consolidation.
Bitcoin scored a 3 on the DAA (Daily Active Addresses) metric vs. Price Divergence, a 2 on the NVT and a 6.5 on the Sentiment Volume, reaching an average score of 3.8, or "slightly lower".
Ethereum scored a 5 in the DAA (Daily Active Addresses) vs. Price Divergence, a 5.5 on the NVT and a 6 on the Sentiment Volume, for an average rating of 5.5 (neutral).
The BAT token scored 8.5 in the DAA (Daily Active Addresses) vs. Price Divergence, a 9.5 in the NVT and a 6 in the Sentiment Volume, with an average rating of 8.0 (high).
And Maker got a 9 in the DAA (Daily Active Addresses) vs. Price Divergence, a 10 in the NVT and a 5.5 in the Sentiment Volume for an average of 8.2 (high).
thanks for reading have a great day 🤗
