Weekly Crypto Report, Perseverance not alone on Mars

Weekly Crypto Report, Perseverance not alone on Mars

GENERAL OVERVIEW

The past week saw another milestone in the history of space exploration, with the Perseverance rover landing on Mars amidst the enthusiasm of NASA and the entire world. Getting “to the moon” is surely a well-known expression in the crypto world. At this point, we can safely say that BTC has traveled far beyond that. Perseverance was a necessary quality for any cryptocurrency investor between 2018 and 2020, and it finally paid off. Bitcoin broke even the 50’000 USD level this week after a couple of days of “flirting” and the trend shows no sign of weakening. Conversely, altcoins are widely following the uptrend, and adding fuel to the rally.

Overall, altcoins even overperfomed BTC as represented by our indexes.

TOP PROJECTS

On a wider period, BNB looks even more impressive, overperforming its peers with a positive performance of over 700% in the last 30 days.

TECHNICALS

Looking at the last seven days’ prices, apart from BTC, Ethereum is the coin whose uptrend is strongest at the moment, having basically experienced no correction. The overall situation looks however great.

Looking at technicals, on a 30-days setting, an overbought setting is flashing for basically all the projects. MACD and Moving Averages’ difference, however, still depict a positive framework overall.

We proceed to have a look at the frequency distributions of the coins’ price in terms of satoshis to have a look at the relative performances. BNB is trading very far from its “normal” levels being its uptrend in full swing.

DISCLAIMER

The views expressed in this report reflect the analysts’ personal views about the cryptocurrencies subject of the report. These views may change without notice and are subject to market conditions. The report is prepared for information purposes only and by no means constitutes a solicitation to investment or disinvestment. All the data are taken from Binance at 14:00 UTC on the 13th November 2020. USD and USDT are used interchangeably for illustration purposes. All the presented valuations, indicators, and analyses are subject to errors. The report is for personal use only and should not be republished or redistributed

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