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This week crypto assets resumed their uptrend. Altcoins are trading within a positive trend zone, while cryptocurrencies continue to break new barriers.

The price of Pepe (PEPE) has recovered from its previous trend after rising above the moving average lines. The price of the cryptocurrency surpassed the moving average lines. It shows a pattern of higher highs and higher lows. PEPE rose to a high of $0.000003557 before falling back.

According to the price indication, PEPE will rise but will be rejected in the overbought region of the market. That is, PEPE may rise but then reverse at the level of 1.272 Fibonacci extension or $0.000001556. Meanwhile, the altcoin is trading below $0.0000013557. It is the best performing coin and has the following characteristics:

Current price: $0.000001145

Market capitalization: $481.65M

Trading volume: $125.18

7day gain:64.18%

Mina (MINA) is on the rise. MINA price made a significant movement to a high of $0.97. But the vertical trend fell abruptly and ended below the resistance level of $0.75. Although the rise has ended, the altcoin is steadily going down.

On the downside, the uptrend will resume if it goes back above the breakout level of $0.50. If the bears break below the $0.50 support, the downtrend will resume. The market may fall back to $0.38.

At the time of writing, the altcoin was trading at $0.60. It is the second most profitable cryptocurrency after PEPE. MINA is characterised by the following features:

Current price: $0.6064

Market capitalization: $660,411,084

Trading volume: $59,111,614

7day gain: 53.25%

The price of Injectables (INJ) moved sideways earlier. Resistance at $10 has hindered the uptrend since April 17. On October 23, the altcoin rallied by breaking through the overriding $10 resistance. At the time of writing, INJ is trading at $13.52.

The bounce ended in the last 48 hours as the altcoin fluctuated below the $14 resistance level. Meanwhile, INJ has entered the overbought zone of the market. It seems unlikely that the altcoin will continue to rise. Below are the advantages of INJ, the third best performing cryptocurrency:

Current price: $13.54

Market capitalization: $1,353,959,925

Trading volume: $75,589,429

7day gain: 51.22%

Conflux (CFX) was previously in a downtrend. But now the cryptocurrency is correcting higher after breaking above the moving average lines. The price of CFX rose to a high of $0.166 before falling back below the $0.16 resistance.

Since October 24, the altcoin has been trading below the resistance level in anticipation of a bullish rise. However, if CFX declines and finds support above the breakout level of $0.14, the market will continue to rise. If it loses the $0.14 support, the altcoin will come under selling pressure again. The fourth most valuable cryptocurrency is CFX. Features include:

Current price: $0.155

Market capitalization: $818,077,820

Trading volume: $68,092,166

7day gain: 44.91%

FLOKI (FLOKI) is in an uptrend after rising above the 21-day SMA support. The price of the altcoin is rising in a series of higher highs and higher lows. The altcoin climbed to the $0.0000400000 resistance zone before falling back. At the time of writing, it is trading at $0.0000362308.

If resistance is broken at the recent high, the altcoin will resume its climb. According to the price indicator, FLOKI will rise but reverse at the 1.272 Fibonacci extension or the $0.0000493173 level. In the meantime, FLOKI is trading below the resistance zone and is preparing to rise. FLOKI, the coin with the fifth highest value, has the following characteristics:

Current price: $0.00003631

Market capitalization: $360,910,453

Trading volume: $113,151,987

7day gain: 48.91%

Disclaimer. This analysis and forecast are the personal opinions of the author and are not a recommendation to buy or sell cryptocurrency and should not be viewed as an endorsement by CoinIdol.com. Readers should do their research before investing in funds.

Continued here:
Weekly Cryptocurrency Market Analysis: Altcoins Resume Uptrend And Overcome Resistances - CoinIdol

TL;DR

Ever since entering cryptos ecosystem, memecoins have been intriguing for many investors and traders due to their enhanced volatility and potential for making quick and substantial profits. One of the assets part of that realm is the self-proclaimed Dogecoin Shiba Inu (SHIB).

Its price has followed the ongoing bullish sentiment in the market, being up over 12% in the past seven days. Despite its recent gains, though, SHIB is far from its ATH levels registered at the end of 2021. Recall that the hype surrounding the coin back then was also much higher than now.

Nonetheless, the early Bitcoin adopter, using the X (Twitter) handle Davinci Jeremie, believes investors should still focus on Shiba Inu, triggering enthusiasm in the community that SHIB could head north in the future. His post came as a response to Slavik, who asked which altcoin is worth buying at the moment.

One person who praised Davinci Jeremies support for Shiba Inu was Shibariums Marketing Strategist LUCIE. Other X users revealed they had hopped on the SHIB bandwagon shortly after the post.

Davinci Jeremie is famous across the cryptocurrency community for declaring his support towards Bitcoin more than a decade ago and urging people to invest just $1 worth of the primary cryptocurrency:

Its just a dollar, get some bitcoins. Put it away, it goes to nothing; who cares, right? You only spent a dollar. Youll get a million satoshis for one dollar, and the way I see it, that will be worth a million dollars once BTC gets to where its going to be.

The valuation of the leading digital asset has spiked astronomically since his advice, recently surpassing the $35,000 level for the first time in over a year and a half. Those willing to find out what caused this surge can take a look at our latest video below:

Read the original post:
Which Altcoin is Worth Buying? Shiba Inu (SHIB) Proposed By This Bitcoin Proponent - CryptoPotato

This move is not only significant for the Swiss banking sector, but also a strong indication of the potential for DEXs, web3 wallets, and online banks. Their goal is to reshape the financial landscape and adapt blockchain technology to traditional finance.

Also, it will challenge the current services of centralized exchanges like Binance and Coinbase. In this article, well see how Fiat24 bank is working with Uniswap to develop this business model.

Unlike some countries, Swiss banks have been proactive in adapting to the changing financial landscape. So, one striking example of the Swiss banking sectors embrace of blockchain technology is the Fiat24 banks partnership with Uniswap, one of the leading decentralized exchanges in the world. Fiat24, a Swiss bank with a rich legacy, decided to take a leap into the future by integrating blockchain and decentralized finance into its core services.

They chose Arbitrum as the underlying blockchain infrastructure, which is known for its scalability, speed, and low transaction costs. With this foundation in place, Fiat24 embarked on a strategic collaboration with Uniswap.

The most eye-catching aspect of the Fiat24-Uniswap alliance is Fiat24s proposal to issue a Visa card to the Uniswap DAO that prominently displays the Uniswap logo. This proposal represents the convergence of traditional banking services with the decentralized world, creating a tangible product that can be used in everyday life.

The main role of Uniswap in this alliance is to be a liquidity provider. Also, It allows Uniswap users to seamlessly access their funds and make transactions in the traditional financial system.

Here are some key implications of this partnership:

Its important to mention that decentralized exchanges offer several advantages, including enhanced privacy, security, and peer-to-peer trading. Which are appealing to a growing segment of crypto users.

The Fiat24 and Uniswap partnership stands as a shining example of the exciting possibilities that arise in the decentralized ecosystem. Swiss banks, traditionally associated with discretion and financial stability, have embraced blockchain technology and demonstrated a willingness to adapt and evolve.

This pioneering spirit opens the door for further collaborations that could potentially revolutionize the way we think about banking, trading, and financial services. Its a testament to the power of innovation and collaboration. Highlighting the unstoppable momentum of blockchain technology in shaping the future of finance.

Read more from the original source:
Banks Annexing With DEXs, Fiat24 Bank and Uniswap Partnership - Altcoin Buzz