CRYPTONAIRE WEEKLY CRYPTO Investment Journal
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CRYPTONAIRE WEEKLY CRYPTO investment journal CONTENTS WEEKLY CRYPTOCURRENCY MARKET ANALYSIS...............................................................................................................5 TOP 10 COINS ........................................................................................................................................................................................6 Top 10 Coins by Total Market Capitalisation ...................................................................................................................6 Top 10 Coins by Percentage Gain (Past 7 Days)...........................................................................................................6 Top 10 Coins added to Exchanges with the Highest Market Capitalisation (Past 30 Days) ..........................7 CRYPTO TRADE OPPORTUNITIES ...............................................................................................................................................9 ADVERTISE WITH US........................................................................................................................................................................14 ADVANCEMENTS IN THE CRYPTOCURRENCY WORLD..................................................................................................15 Grayscale Is Interested in Launching A US Bitcoin ETF and So Are Its Investors, says CEO..........................15 Bitcoin 1Q Retail Flow Exceeding Institutional Investment: JPMorgan Strategist..................................................16 About $40 billion from stimulus payments may be spent on Bitcoin.........................................................................17 The four-largest NFT DApps are driving $10m in daily volume...................................................................................19 Gas tokens gain 300% as the quest for Ethereum network alternatives expands.............................................20 Ripple Asks Court to Force SEC to Produce Documents Regarding Bitcoin and Ethereum............................21 Bullish uptrend intact as Bitcoin futures open interest hits $22.5B ..........................................................................23 Three NFT Coins Could Soar 100X This Year, According to Crypto Trader Ben Armstrong...........................24 BitMEX Co-Founder Surrenders in New York...................................................................................................................25 South Korean crypto exchange volumes surpass those of its entire stock market............................................27 TOP REASONS FOR CHOOSING QOINIQ FOR DIGITAL CURRENCY TRADING ..................................................................28 INTRODUCING AUBIT FREEWAY — THE WORLD’S NEXT GREAT ASSET MANAGEMENT PLATFORM.........................33 CRYPTOCURRENCY MILLIONAIRES IN 2021.................................................................................................................................37 Cryptonaire Weekly | March 16th 2021 2 +44 (0) 207 193 2931 CRYPTONAIRE WEEKLY CRYPTO investment journal Editor’s Letter Bitcoin hit a new all-time high in the last week as it soared above $60,000. This could have attracted aggressive short-term traders who may have expected the next leg of the uptrend to begin. In anticipation of a rally, many retail traders seem to have used derivatives to build positions, which led to the fund- ing rates on bitcoin perpetual futures rising to 200% on an annualized basis, which is unsustainable, according to Singapore-based quant firm QCP Capital. OUR BLOG ARTICLES FOR THIS SPECIAL ISSUE ARE TOP REASONS FOR CHOOSING QOINIQ FOR DIGITAL CURRENCY TRADING, INTRODUCING AUBIT FREEWAY — THE WORLD’S NEXT GREAT ASSET MANAGEMENT PLATFORM & CRYPTOCURRENCY MILLIONAIRES IN 2021 We had mentioned in our previous analysis that we were bullish and that is how Bitcoin played out last week. The largest cryptocurrency surged above £41,795 on March 13 and hit a new all-time high at £44,238. However, the bulls could not hold on to the higher levels as the price turned down and broke below the breakout level at £41,795. This is a negative sign as it suggests traders are booking profits on rallies. The BTC/GBP pair has dipped back to the 20-day EMA, which is an important support to watch out for. If the price rebounds off this support, it will suggest traders are buying on dips. The bulls will then again try to resume the uptrend by pushing the price above the £41,795 to £44,238 overhead resistance zone. Contrary to this assumption, if the bears sink the price below the 20-day EMA, the pair could drop to the 50-day SMA. This is an important support because the bears have not been able to break it since October 9 of last year. Therefore, a break below it will suggest a possible change in trend. The bearish divergence on the RSI is point- ing to a possible deeper correction. We will wait for the price to form a bottom before proposing a trade in it. Lastly please check out the advancement’s happening in the cryptocurrency world. Karnav Shah Enjoy the issue! Chief Editor Cryptonaire Weekly | March 16th 2021 3 +44 (0) 207 193 2931 CRYPTONAIRE WEEKLY CRYPTO investment journal CRYPTONAIRE WEEKLY After mentoring thousands of crypto traders around the globe, we have culminated all of the consistent and ongo- ing requirements of crypto-traders into one place. Our Cryptonaire Weekly magazine includes expert techni- cal analysis, providing trading opportunities to our sub- scribers as well as fundamental analysis so our readers can keep up to speed with the current developments in the crypto markets. Not only do we provide the information necessary to trade active cryptocurrencies on the exchanges, but we also take a look at ICOs to help you find those golden projects with real value! No longer will you have to rely on multiple sources to keep on top of the markets, we deliver everything directly to your inbox each and every week. Featuring in this weeks Edition: - QoinIQ What are you waiting for? - Atani Subscribe now! - Aubit - Zeta Hedged Coin - AtromG8 Also Get, - Markets Analysis - Market News Update - Read Our Latest Blog: TOP REASONS FOR CHOOSING QOINIQ FOR DIGITAL CURRENCY TRADING INTRODUCING AUBIT FREEWAY — THE WORLD’S NEXT GREAT ASSET MANAGE- MENT PLATFORM CRYPTOCURRENCY MILLIONAIRES IN 2021 For Latest update SUBSCRIBE NOW Cryptonaire Weekly | March 16th 2021 4 +44 (0) 207 193 2931 CRYPTONAIRE WEEKLY CRYPTO investment journal WEEKLY CRYPTOCURRENCY MARKET ANALYSIS Hello, Crypto Traders welcome to this week’s 173rd edition of Cryptonaire Weekly. The overall Cryptocurrency Market Cap stands at $1.68 Trillion. We have seen a $20 Billion increase in the Market Cap since the last week. Bitcoin price is currently around $54,050 from $53,850 since last week and has increased by 0.37% and Ether price is now at $1,755 from $1,850 since last week and has decreased by 5.14%. The current market cap for bitcoin is $1 Trillion, and for Altcoins, the current market cap is $680 Billion. Bitcoin hit a new all-time high in the last week as it Percentage of soared above $60,000. This could have attracted Total Market Capitalization (Dominance) aggressive short-term traders who may have expected the next leg of the uptrend to begin. Bitcoin 60.76% In anticipation of a rally, many retail traders seem to have used derivatives to build positions, which led to the Ethereum 12.03% funding rates on bitcoin perpetual futures rising to 200% on an annualized basis, which is unsustainable, accord- Tether 2.30% ing to Singapore-based quant firm QCP Capital. When using leverage, even small adverse movements Binance Coin 2.29% in the price can result in large drawdowns and margin shortfalls. This could be one of the reasons for the mas- Cardano 1.97% sive liquidation of derivatives positions to the tune of about $1.83 billion within a 24-hour period. Polkadot 1.84% Even in the spot markets, Glassnode data shows that the influx of retail clients has reached record highs. XRP 1.23% Recently, data compiled by JPMorgan Chase has also shown that retail Bitcoin purchases have surpassed that Uniswap 0.90% from institutional investors in the first quarter of this year. A survey conducted by Mizuho showed that about Litecoin 0.79% $40 billion of the $380 billion in stimulus checks to Americans could find its way into Bitcoin and stocks. Chainlink 0.68% About 61% of the respondents said they will be investing their money in Bitcoin. This shows that the retail crowd 15.21% will continue to pump money into crypto assets. Others Usually, the retail crowd is notorious for entering in the last stages of the bull phase. Therefore, traders should be careful in the next few days as the professional traders could use the retail mania to offload their positions and cause a correction. Cryptonaire Weekly | March 16th 2021 5 +44 (0) 207 193 2931 CRYPTONAIRE WEEKLY CRYPTO investment journal TOP 10 COINS Top 10 Coins by Total Market Capitalisation Cryptonaire Weekly | March 16th 2021 6 +44 (0) 207 193 2931 CRYPTONAIRE WEEKLY CRYPTO investment journal Top 10 Coins by Percentage Gain (Past 7 Days) Top 10 Coins added to Exchanges with the Highest Market Capitalisation (Past 30 Days) Cryptonaire Weekly | March 16th 2021 7 +44 (0) 207 193 2931 CRYPTONAIRE WEEKLY CRYPTO investment journal Cryptonaire Weekly | March 16th 2021 8 +44 (0) 207 193 2931 CRYPTONAIRE WEEKLY CRYPTO investment journal CRYPTO TRADE OPPORTUNITIES BITCOIN - BTC/GBP We had mentioned in our previous analysis that