ویکیپیڈیا اور کارڈانو: ان 'بڑھتے ہوئے' کریپٹوز کو برقرار رکھنے کے لئے اہم سطحیں

ہفتے کے وسط کے حادثے کو پوسٹ کریں جس میں۔ بٹ کوائن plunged below the $30k mark, the asset seems to have settled down somewhat. It overcame most losses and even spiked to just shy of $35,000 the following day, but it did maintain momentum above $34k. Despite losing over a grand since then, its dominance over the market recorded a significant surge.

In fact, as per CoinMarketCap, BTC’s dominance owing to total market capitalization when compared to other cryptocurrencies کھڑا at around 45%.

Here’s the significance of Bitcoin’s rising dominance,

The perception toward # ایئریروم یہاں پر #twitter is at its lowest levels since June, 2018. Fear has gripped the #crypto markets clearly, and $ BTC being viewed as the ‘safe haven’ as its dominance has grown could cause #altcoins to actually be sneaky good. https://t.co/v7moAptXDb pic.twitter.com/cjuseI3FGW

- سینٹمنٹ (@ سینٹینمنٹ فیڈ) جون 24، 2021

Famed Dutch analyst- مائیکل وین ڈی پوپ – in his latest YouTube video, کو چھوا the same subject as well.

بٹ کوائن کا غلبہ 

Concerning the said aspect, the Dutch trader projected a significant “bounce up” in the world’s largest crypto token’s price dominance within the market.

اب تک، بہت اچھا # بطور غلبہ pic.twitter.com/S91Z9zZg4S

- مائیکل وین ڈی پوپ (@ کریپٹو میک این ایل) جون 23، 2021

Now, even though the Bitcoin Dominance rate (BTC.D) saw an incline compared to its price action last week,

"مجموعی طور پر بہت اہم سطح 50٪ نقطہ ہے جو پچھلے ادوار میں (جب زوم آؤٹ ہوتا ہے) کام کا ایک علاقہ رہا ہے۔"

Altcoins

Irrespective of Bitcoin’s surge in its dominance charts, altcoins still hold more than a 50% share in the market. As نشاندہی out by numerous analysts in the past, Bitcoin and altcoins share a certain degree of a positive correlation i.e. اثر و رسوخ of Bitcoin’s price on altcoins. Using the same narrative, Santiment recently tweeted,

As # بطور پچھلے ہفتے جاری مارکیٹ وسیع زوال کے دوران ، بہت سوں نے شہ سرخیوں اور مارکیٹوں پر غلبہ حاصل کیا ہے #altcoins دکھاتے ہوئے دکھائی دے رہے ہیں # خوش موڑ سبز بار زیادہ ، غیر جمع شدہ سرگرمی کا تناسب بمقابلہ ڈپازٹ سرگرمی ہے۔ pic.twitter.com/BldEGz876l۔

- سینٹمنٹ (@ سینٹینمنٹ فیڈ) جون 25، 2021

Now talking about altcoins, کارڈانو has been trending for a while now. Its recent developments around implementing smart contracts functionality certainly helped the buzz around the flagship coin.

Here’s a small comparison between Cardano, ایتھرم, and Bitcoin to further understand the reason behind the hype.

According to Poppe, Cardano is one of the alts that can be expected to shoot up this year. In fact, according to the analyst, Cardano saw a ‘U سائز‘ inclination as it witnessed a bounceback from its previous price action.

As the trader was quick to point out, the market’s fifth-largest token bounced back from the 3500 sats-mark. Furthermore, zooming out a bit,

“It’s in a bullish structure, previous high is still holding support, making higher lows higher highs. This signifies a bullish continuation.”

However, here’s what Cardano needs to achieve to continue this momentum,

"کارڈانو بیک اپ ٹوٹ رہا ہے جس میں اگر وہ تسلسل کا تسلسل چاہتا ہے تو اسے 3800 سیٹس کی سطح کو پلٹانا چاہئے۔"

Now irrespective of how the market’s altcoins or Bitcoin surge, the overall crypto-market remains in the red zone (around -1.2% in 24 hours).

To escape further decline, here’s what the market has to do –

“Total market capitalization for کرپٹو کرنے کے لئے ہے توڑ through $1.425 trillion and then the next area can be tested at $1.75 trillion. Support levels are clear in the chart too.”

Source: https://ambcrypto.com/bitcoin-cardano-crucial-levels-for-these-surging-cryptos-to-maintain/