The cryptocurrency industry proceeds to carry out properly in the previous trading days of August 2021, Bitcoin has stabilized previously mentioned the assistance of $ 48,000, and this situation also supports the cost of Solana SOL / USD, Cosmos ATOM / USD and Litecoin LTC / USD. The cryptocurrency market carries on to catch the attention of massive traders, and in accordance to the most recent news, Coinbase will commit $ 500 million in Bitcoin, Ethereum, and other crypto assets.
Morgan Stanley also just lately announced that its mutual resources have obtained more than 6.5 million shares in Grayscale Bitcoin Trust (GBTC), when other constructive information is that Allied Market Study documented that the world-wide cryptocurrency industry would arrive at $ 4.94 billion by 2030.
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Florian Grummes, controlling director of financial commitment advisory agency Midas Contact Consulting, said he believes that the cost of Bitcoin will raise to $ 100,000 in the near future. Solana, Cosmos (ATOM) and Litecoin could be some of the ideal in September if this beneficial development continues.
“The most recent cryptocurrency swings are a indication that Bitcoin miners are back again in company just after a modern Chinese crackdown. At the exact time, there is continuing evidence of a lot more widespread acceptance, and organizations ought to look at introducing Bitcoin to their balance sheets, ”said Celebrity investment supervisor Cathie. Wood.
Solana (SOL) could progress higher than the $ 100 resistance as the favourable pattern continues
Solana has had a single of the very best success this August and there are no indicators of a favourable trend reversal for now. Solana could go additional into the ongoing bull sector, and if the selling price jumps higher than the $ 100 resistance, the future rate concentrate on could be around $ 110 or even larger.
Details source: tradingview.com
On the other hand, if the price tag falls below $ 80, it would be a business “sell” sign, and we have our way open to the $ 60 support stage.
Cosmos (ATOM) could stabilize previously mentioned the $ 30 resistance all over again
The value of Cosmos (ATOM) has risen from $ 12.6 higher than $ 24 because early August 2021, and the current price tag is all around $ 21.
If the rate rises above $ 26, it would be a sign to trade ATOM, and the up coming price tag focus on could be all over $ 30. On the other hand, if the value falls underneath the assistance of $ 18, it would be a strong “sell” sign that we have the way open up to $ 16 or even $ 15.
Litecoin (LTC) carries on to trade earlier mentioned $ 170
The price tag of Litecoin has risen from $ 144 previously mentioned $ 190 considering the fact that the beginning of August 2021, and the present rate is all around $ 174.
If the rate rises higher than $ 190 once more, it would be a signal to trade Litecoin, and the next price target could be about $ 200. The critical assistance degree is all around $ 160, and if the selling price breaks it, it would be a strong provide signal.
August has been a really constructive month for the crypto current market so far, Bitcoin has stabilized higher than the assistance of $ 48,000, and this scenario also supports the cost of Solana (SOL), Cosmos (ATOM) and Litecoin (LTC). The cryptocurrency marketplace continues to attract big buyers, and according to the hottest news, Coinbase will commit $ 500 million in Bitcoin, Ethereum, and other crypto assets.
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