6 C
Kathmandu
Home Price Analysis Top Cryptocurrency Price Analysis 2020

Top Cryptocurrency Price Analysis 2020

With Bitcoin halving 2020, it is certain that we will see crypto price fluctuate. Due to the fact that there is lot of market sentiment and reaction involved, some of the best cryptocurrency performers like Bitcoin, Ethereum and XRP etc. are all bracing for the upcoming changes in prices.

Looking back at the history, we all know what Bitcoin Halving brought to the market around 2012. This was the time when first bitcoin halving occurred and a year later, price of bitcoin surged to 1000. A direct 1000 percent increase in the market value.

So what does that mean for 2020? Well, this means that 2020 crypto prices are certain to fluctuate based on the market sentiment. And by that, we mean that market can react in any given way to this situation and its quite unpredictable just by looking at the market reaction.

Lets look at the some of the top cryptocurrency in 2020 and their analysis based on the current market standpoint.

Bitcoin

While Bitcoin remains an uptrend and has surged 2.55 %, the talking point about market sentiment has to do with buying and breakouts. It seems that the $10,000 resistance is seemingly difficult and that the price has take U turn from that resistance level couple of times already. This psychological resistance will likely have a breakout soon due to the fact that this psychological test marks its fourth time.

Ethereum

One of the distributed ledger with decentralized computing platform which has smart contract capabilities. With current development effort also on going, ETH 2.0 is right around the corner with full redesigning and modeling. It is anticipated that the both versions of ETH will exist while this huge transition and migration takes place. In the next few months, based on newly developed pivots and EMA’s, ETH could see a target up to $300. Currently it is right above $200 target as anticipated few months back.

- Advertisement -
Madhu Mahat
Blockchain analyst
- Advertisement -

Stay Connected

5,160FansLike
2FollowersFollow
36SubscribersSubscribe

Must Read

Bitcoin Moves 27% Downside After Touching Historical $42,000

Bitcoin price dipped to $30,000 zone today which accounts for more than 27% downfall from its all-time high $42,000. After Bitcoin crossed its previous...
- Advertisement -

Writing your first smart contract in Scilla (Zilliqa)

Scilla — a programming language for writing smart contracts in Zilliqa Blockchain is not an easy language to master. The official documentation is itself too technical...

Bitcoin कहिले किन्ने? कहिले बेच्ने? डेटा विश्लेषण र ट्रेडिगं जानकारी पढ्नुहोस्

Bitcoin को मूल्य दिन प्रतिदिन बढिरहेको छ; यस्तो बेला लगानीकर्ताहरुले ध्यान पुराउनुपर्छ । Bitcoin को मूल्य एकदमै अस्थिर छ, यसको मूल्य आज दोब्बर हुँदा...

Facebook र Alibaba भन्दा बहुमूल्य Bitcoin!

Bitcoin को मूल्य $४१,००० पुग्दा बिटक्वाइन अब फेसबुक र Tesla को बजार पूँजीकरण (market cap) भन्दा ठुलो बनेको छ। यसैले, यदि बिटकइनलाई एक संगठन...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related News

Bitcoin Moves 27% Downside After Touching Historical $42,000

Bitcoin price dipped to $30,000 zone today which accounts for more than 27% downfall from its all-time high $42,000. After Bitcoin crossed its previous...

Writing your first smart contract in Scilla (Zilliqa)

Scilla — a programming language for writing smart contracts in Zilliqa Blockchain is not an easy language to master. The official documentation is itself too technical...

Bitcoin कहिले किन्ने? कहिले बेच्ने? डेटा विश्लेषण र ट्रेडिगं जानकारी पढ्नुहोस्

Bitcoin को मूल्य दिन प्रतिदिन बढिरहेको छ; यस्तो बेला लगानीकर्ताहरुले ध्यान पुराउनुपर्छ । Bitcoin को मूल्य एकदमै अस्थिर छ, यसको मूल्य आज दोब्बर हुँदा...

Facebook र Alibaba भन्दा बहुमूल्य Bitcoin!

Bitcoin को मूल्य $४१,००० पुग्दा बिटक्वाइन अब फेसबुक र Tesla को बजार पूँजीकरण (market cap) भन्दा ठुलो बनेको छ। यसैले, यदि बिटकइनलाई एक संगठन...

Bitcoin को अन-चेन डाटा मूल्यको नयाँ उचाइ देखाउँदै !

Bitcoin को मूल्य Bull हरूले पूर्ण नियन्त्रणमा लिइरहेका छन्; उनीहरूले राता-रात यसको अघिल्लो सबै समयको उचाइ उछिन्दै नयाँ मूल्य स्थापित गरेकाछन्। $१४,००० बाट दौडिएको...
- Advertisement -