ShowHand 1-5 Years
Score
Avg Price
Market Cap
24h Vol
$ 378.32 USD
7d Vol
$ 1,981.97 USD
Circulating supply
61.9124 billion HAND
Scan to download
+70.2%
-85.8%
-88.94%
BTC is oversold and possibly ready for a relief bounce, but this could be a trap for altcoins and Bitcoin if bull volume fails to sustain.
Cardano’s first DApp and DEX, SundaeSwap, launched on the mainnet today amid a great deal of hype however network congestion has held up swaps on the platform for over five hours since trading began.
Sell pressure on BTC and altcoins is beginning to alleviate, but data suggests that it’s too early to call for a reversal.
Data shows traders still feel confident about BTC price because the futures premium and other fundamentals show no signs of stress.
Bitcoin and most major altcoins took a turn for the worse after BTC price dipped below $42,000.
If Bitcoin’s short-term trend turns positive, it could attract buying in NEAR, ATOM, FTM and FTT.
The bullish news comes months after the billionaire entrepreneur said DOGE was a better token to transact with than Bitcoin.
NFTs and blockchain games see an increase in activity, helping them to avoid the current market slump.
Buyers stepped in to buy BTC’s dip to $39,650, but there are signs that the market-wide correction might not be over.
LINK, ICP, LEO and ONE could rebound if traders sense that Bitcoin's selling is near completion.
Bitcoin and most major altcoins have fallen to key underlying support levels, which could be an early sign of an impending oversold bounce.
Ethereum's native token Ether (ETH) plunged sharply hours after the U.S. Federal Reserve released the minutes of their December meeting, showing that they eye a faster timetable for hiking interest rates in 2022.
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