Market Analysis – Page 113

$420M in leveraged long traders liquidated after XRP rallies to $1.96

XRP price dropped by 20% shortly after making a 2021 high at $1.96, but have the altcoin’s bullish fundamentals changed?

Elrond price rallied to a record high as the project’s pivot toward NFTs and DeFi attracts new users and investors.

In the past two months, the number of crypto projects with a $1 billion market cap doubled as increased adoption pushes token valuations higher.

Blockchain projects focused on optimizing the energy sector are gaining traction as greater emphasis is placed on conservation and efficiency.

Bitcoin is relatively small compared to stocks and real estate, and those holders might reinvest dividends in other assets.

Futures traders are using excessive leverage and historical data shows Bitcoin price crashes tend to occur after the futures premium reaches 30%.