VOT Research Desk
Market Analytics and Considerations
According to CoinMarketCap, the market cap of all cryptocurrencies is up 1.01%.
Over the past 24 hours, CHZ and LINK have both seen price increases.
The YFI, UNI, and MKR daily charts are currently negative.
Over the past 24 hours, the market cap of all cryptocurrencies has increased by 1.01%. According to the cryptocurrency market tracking , as of press time, the market capitalization of cryptocurrencies is $837.67 billion.
Over the past day, the prices of Five alternative coins—Uniswap (UNI), Yearn.Finance (YFI), Chilliz (CHZ), Maker (MKR), and Chainlink (LINK)—have all decreased. This occurs following a multi-day rally in which each of their prices participated.
The cost of Uniswap decreased by 0.88%, dropping to $5.91. Additionally, the value of UNI has decreased by 2.37% and 1.59% in comparison to Bitcoin (BTC) and Ethereum (ETH), respectively. One UNI coin is currently worth around 0.0003512 BTC and 0.004846 ETH.
Yearn.Finance (YFI) (YFI)
The price of YFI is currently $6,152.45, down 1.56% from the previous day. YFI has lost ground to the two cryptocurrency market leaders by 2.18% and 3% respectively.
Over the past day, YFI’s trading volume has considerably decreased. As at the time of publication, the amount is $19,645,248. This is a decrease of 47.93% over the previous day.
Given that the daily 9 EMA line is positioned below the daily 20 EMA line and the daily 20 EMA line is positioned below the daily 50 EMA line, the daily chart for YFI now appears to be bearish. The 9 EMA level, nevertheless, is being challenged by the price of YFI, which may cause it to act as support over the next two days. This will indicate an uptrend.
Chilliz (CHZ) (CHZ)
Over the past 24 hours, CHZ’s price has been able to increase. In the previous 24 hours, CHZ has increased 5.40%, bringing its price to $0.2399. The price of the alternative coin increased slightly in comparison to BTC and ETH.
The quantity of transaction for CHZ’s daily trade has decreased 27.20% over the past 24 hours. The total now stands at $544,820,622.
The value of CHZ has already been rising for the past three days, rising from a base of $0.1937 on November 15 of this year to a top of $0.2412 on November 17. The market action of today appears to strengthen the positive uptrend.
The daily 9 EMA line crossed bullishly above the daily 20 EMA line, providing confidence that the price advance will continue. This is a sign of a recent bullish uptrend.
Maker (MKR)
At the time of publication, Maker (MKR) MKR’s price has decreased by 2.30% over the previous 24 hours to $652.26. The value of MKR decreased by 3.28% and 2.40%, correspondingly, versus BTC and ETH.
The current RSI line for MKR tried to rise above the daily RSI SMA line, but it was unable to do so. The daily 9 EMA is now keeping the price of MKR in check. Additionally, a bearish indicator for the altcoin is the daily 9 EMA’s placement underneath the daily 20 EMA line.
Chainlink (LINK) (LINK)
On the list of alternative coins in this post, LINK is another coin whose price has increased over the past day. According to CoinMarketCap, the price of LINK is up 1.33%, making it trade at $6.26.
On November 10, 2022, as shown on the daily chart for LINK ahead, the daily 9 EMA line was crossed underneath the daily 20 EMA level. Since then, the bearish signal has been in play as the price of LINK has fallen to a trough of $5.775 after momentarily rising and then falling again. The daily 9 EMA line is currently keeping the price of LINK downwards.
VOT Disclaimer: All information in this price analysis, including the thoughts and opinions expressed in it, has been supplied in good conscience. Viewers are required to conduct their own proper research and investigation. The reader solely assumes all risk for whatever action they may take. Any direct or indirect loss or damage is not the responsibility of Coin Edition – {the originators) of this analytics or its affiliates.
