Obviously cryptocurrency is a revolutionizing thing nowadays and will be the biggest revolution in the upcoming centuries. It is the desired choice for several business requirements like tokenization, transaction, online investment, and so on. If you are into the crypto industry, then below mentioned are the top 3 cryptocurrencies that you should know.
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BTC
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LEO
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FTM
Bitcoin (BTC)
It is the most widely used cryptocurrency that has a value of about $34,000 on Jan-1 of 2022. On other hand, altcoin has made a 46% decline of the total crypto market capitalization which is about $1.6 trillion.
Definitely there will be a recovery attempt that is more likely to face a strong resistance especially in the overhead zone. It could possibly rise the 20-EMA that might lead to a possible rise of this cryptocurrency.
FTM
Fantom - FTM has overhead resistance on Jan-16 of 2022 that is above $3.17. However, FTM couldn’t pass the next hurdle which is at $3.48. This has resulted in attracting a profit booking by traders. If the price has fallen down from the current level, then the big time traders might try to resume the downtrend and set it to about $1.30. On the other hand, if the price rises above 20-EMA then the value of FTM could rise upto $3.00.
LEO
LEO is now closed below the ascending pattern from Jan-22. However, a positive thing about it is that the big traders have bought LEO at lower levels in an attempt to push the price back. If it happened, then LEO could rise to the resistance level of the channel.
Source: cointelegraph
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