By now it is lunch time again. We look at the rising live crypto price and the prices of the top 25 crypto. Then we look at why the market is rising and share tips from traders. Finally, we look at how lucrative the crypto ads around the Super Bowl were.
Of course, we start with the rising live Bitcoin price and the prices of the top 25 crypto.
Live Bitcoin price rises, prices of top 25 crypto rise with it
At the time of writing, the live Bitcoin price is quoting EUR 39,048.65 ($44,201.68). This is 4.89% higher than during our crypto lunch yesterday.
The prices of the top 25 crypto are also rising. Apart from the stable coins, we only see rising prices on the digital price board. The biggest gain at the moment is for Avalanche (AVAX), which is up 12.41%. This is not the only crypto coin to record double-digit increases, as we see on the Tradeincrypto.com website when we analyze live crypto prices.
Why is crypto rising and is this rise sustainable?
The crypto market is reacting particularly positively to the situation in Russia and Ukraine, which seems to be becoming less explosive. As a result, investors are again daring to take more risk. In addition, we see that the situation in Canada has a positive influence. On the one hand, they want to regulate crypto there to combat money laundering. This is a sign that the country is taking digital currencies seriously. On the other hand, with the use of crypto transactions in the trucker protests, they see the added value of Bitcoin and other crypto as a means of payment.
Whether this trend is sustainable remains to be seen. On the one hand, one sees positive developments, such as a bullish relative strength index (RSI) breakout.
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#Bitcoin 4 Hour RSI broke out and MACD just had a Bullish Cross: pic.twitter.com/2bRVFeQsfX
– Matthew Hyland (@MatthewHyland_) February 14, 2022
On the other hand, we see that the derivatives market is not yet responding. In fact, swap volumes are about 70% lower than in 2021, according to research from IntoTheBlock.
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Markets remain cautious.#Bitcoin Perpetual Swaps volume is still trading roughly 70% down from the highs experienced in 2021.https://t.co/ZNSMhMaGNP pic.twitter.com/h5wio4jriq
– IntoTheBlock (@intotheblock) February 14, 2022
Crypto with potential (or not): trader tips
Now that the market is moving again we see several traders sharing their tips.
This is where the Binance Smart Chain (BSC) whales are investing
The biggest whales using the Binance Smart Chain are also using their crypto to invest in other coins. While we obviously don’t know exactly what their reasons are for buying coins we can see what they are buying. WhaleStats made the following overview.
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The top 1000 #BSC whales are hodling
$420,782,752 $BTC
$403,919,025 $ETH
$72,415,106 $MATIC
$46,070,284 $DOGE
$39,212,310 $DOT
$35,341,592 $TRIAS
$33,600,747 #SAFEMOON
$26,252,727 $SHIB
$22,607,357 $RACA
$11,815,034 $ADA
$10,041,167 $LINK
Source: https://t.co/aIbq68wt35 pic.twitter.com/TXqPxCWH8C
– WhaleStats – the top 1000 BSC richlist (@WhaleStatsBSC) February 14, 2022
It is notable that right after the ‘usual suspects’ we see Bitcoin (BTC) and Ethereum (ETH) coins that are lower in the top 25 in terms of market capitalization. Ripple (XRP) is perhaps the most notable absent crypto, especially given its positive outlook.
Analyst CredibleCrypto, by the way, is significantly more positive about Ripple (XRP), as he shares with his 300,000-plus followers
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We are now right in my area of interest. Might head a few cents lower than where we are now but as per my last tweet I expect we form a bottom/higher low in this region and continue up. $XRP https://t.co/4UqvyBD14Y pic.twitter.com/ZsJIILpJPe
– Credible Crypto (@CredibleCrypto) February 12, 2022
The live Ripple (XRP) price at $0.832 is up 5.85% from yesterday.
Influencer MoneyZG invests in this crypto in the (medium) long term
MoneyZG is a YouTuber about crypto with over 394,000 followers. He analyzed various crypto currencies and listed his three choices for medium-term returns. These are SOLANA (SOL), Fantom (FTM) and Secret (SCRT).
As arguments for investing in Solana (SOL) he mentions:
The rapid growth curve. The coin has only been on the market since 2020, but is growing faster than Ethereum (ETH). In the process, scalability is better.
Another appealing aspect is the speed of the network in combination with low transaction costs.
As a third reason, he mentions the very diverse and reliable network of investors.
This, he believes, makes the coin an Ethereum killer with potential. The current Solana (SOL) price of $102.98 therefore presents opportunities, according to him.
The appealing thing about Fantom (FTM), according to the influencer, is that this party does not use blockchain but another distribution system for its transactions. This allows transactions to be settled quickly and cheaply.
A second advantage is that there is more value in the system than the market capitalization of the currency. This demonstrates confidence and therefore, according to him, growth potential for the current price of Fantom (FTM) to rise substantially. At the moment, the price of the coin we also saw in the top 25 is $ 2.061 with 9.97% profit.
As a final investment tip, he mentions Secret. However, this coin is still small and therefore we will not discuss it further.
How profitable were the crypto ads around the Super Bowl?
This year, as we saw, several crypto companies took advantage of the enormous popularity of the Super Bowl to advertise their brand. Our colleagues at Tradeincrypto.com dove into the statistics and found answers to typical Dutch questions like, “What does it cost?” “Does it pay off?” Also, of course, they look at how Drake’s million-dollar bet ended in their post on Super Bowl crypto advertising.
Want to stay up to date on the latest stock price developments?
You can always follow the developments yourself with our WANT crypto analyses or the background articles and previews on the crypto market and Bitcoin. Of course, you can also follow the live quotes 24 hours a day if you want to stay informed in real time. Are you interested in other investments besides crypto? Then our weekly Monday morning price forecast might be a reading tip. “Please note: We never give financial advice, so our contributions can’t be interpreted that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest in.”
