Meanwhile, the US markets have closed again. We take a look at the live Bitcoin price and the prices of the top 25 crypto. Then we look at updates and short-term price expectations for Ethereum (ETH) and Tron (TRX) price. Finally, we see how Eminem and Snoop Dog go into NFT.
We start, of course, with live Bitcoin price and the prices of the top 25 crypto.
Live Bitcoin price and prices top 25 crypto
At the time of writing, the live Bitcoin price is quoted EUR 19,737.66 ($20,834.01). This is 0.85% lower than yesterday around this time but higher than last Friday.
Prices of most of the top 25 crypto are also falling. Polygon (MATIC) is falling the most at 5.77%. However, there are also crypto coins that are posting gains. The biggest gain is currently at 4.11% for Tron (TRX), but more on that later. On the site of Tradeincrypto.com you can analyze all live crypto prices 24 hours a day.
Crypto price forecast: Ethereum (ETH) bearish at first, but then…
Last week we saw a volatile week for Ethereum (ETH). If we make the short-term technical analysis we see that a bearish pattern is forming. This is because the broken resistance at $1,250 was not followed by further price appreciation. Meanwhile, the price is falling back below the resistance. Indeed, the live Ethereum (ETH) price is
This has created a consolidating pattern. It is expected that this will lead to a bearish continuation, foreseeing a price target of $1,150. The moment the price shoots below that there should be room for bullish recovery to $1,250. After that, if there is enough pressure for further growth, $1,450 is the next resistance level. With that, therefore, there is room for price appreciation.
On the other hand, below $1,150, there is a second support level at $1,050, which seems to limit the bearish risk.
Tron (TRX) rises due to crypto development, what do we expect from the price?
After Tron (TRX) pleasantly surprised investors earlier with the introduction of their own stable coin USDD, the coin is again the top 25 crypto with the highest return today. This comes as investors responded enthusiastically to another initiative in the field of innovation. Indeed, Tron (TRX) announced the launch of a Hackaton with more than a million dollars in prizes to give young developers a chance to develop new applications. Meanwhile, more than 1,300 developers have already registered. With that, many new applications are expected.
This obviously benefits the price. Indeed, the live Tron (TRX) price is $0.0676. This makes this crypto the coin with the most gains from the top 25. If we follow the technical analyses, more price increases are to be expected. Indeed, if the price rises above $0.0690 it confirms a bull trend.
Moreover, this price is the 200-day moving average, with which and rise above would create a golden cross. If this happens, there is room for a further price rise to the 55-day moving average, which is at $0.075. At best, the price could even rise further to $0.09255.
However, if the price does not pass the 200-day moving average, a bearish decline to $0.0668 is possible. In that case, the price will again follow the bearish trend we saw.
Eminem and Snoop Dog release musical NFT collaboration
One of the biggest hits of the moment is the song “From The D2 The LBC” by occasional duo Eminem & Snoop Dogg. Before you think you have landed on the music reviews, it is good to explain that in the clips, the NFTs of the Bored Ape Yacht Club (BAYS) and Mutant Ape Yachet Club (MAYC) appear as extras.
The song was created for a special meeting of BAYS and MAYC owners. The NFTs used are the BAYC 6,723 owned by Snoop Dogg and the BAYC 9,055 owned by Eminem. Both men paid more than a million for their digital monkey. Judging by the 7 criteria to determine the value of an NFT, they just made that investment a lot more profitable themselves. Of course, we don’t want to withhold the number from you.
By the way, the renewed interest does not mean that the boom in price declines in the NFT and NFT crypto market is over with this.
Not investing in crypto (yet)?
If you are not yet familiar with investing in crypto there is now an opportunity to learn for free. At virtualinvestment.com you can learn about investing in crypto and stocks for free and without risk.
If you are curious about the price forecast for stocks and other investments such as gold, oil or FOREX you can of course visit our weekly price forecast in which we try to interpret the prices of popular investments for the coming week.
Want to stay up to date with the latest 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 updated in real time. Are you interested in other investments besides crypto? Then our weekly price forecast on Monday morning might be a reading tip. “Note: We never give financial advice, so you can’t interpret our contributions that way either. Always do your own research and decide on rational grounds if, when, what and how much you want to invest.”