Binance Coin And XRP Rise, Venmo Enters Crypto, Dogecoin Holds At $0,30

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Last Updated on 21 April 2021 by CryptoTips.eu

Jeroen Kok

Jeroen is one of the lead copywriters on Cryptotips.eu and discusses all recent events in the crypto market. This includes news updates, but also price analyzes and more. He developed his passion for cryptocurrency during the bull run in 2017. He has learned a lot since then. The combination of cryptocurrency and creative writing is perfect for Jeroen and an excellent way to share his knowledge with a wide audience. Find me on LinkedIn / jeroen@cryptotips.eu
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The two-day drop of the crypto market (which was marked by a sudden spike for Doge) has at first sight come to a halt.

Bitcoin is holding steady near the $55k mark and analysts wonder whether this is the new support line. Ether is decoupling from Bitcoin ever further when it comes to percentage price rises. Whereas in earlier days, weeks and months it would be Bitcoin leading the way, this time round it is Ether which is now trading upwards 10%.

In the broader altcoin market there were notable rises for Binance Coin (up 23%) and XRP (up 15%) as they both recovered from the early week selloff.

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Venmo

Venmo, the fin tech company that has more than 70 million users, is one of the most popular digital payment services. They announced that they would be allowing users to invest in 4 four different cryptocurrencies as from now, which is another huge boost for the crypto space.

The nice thing for their customers is that they would be able to do so as from a minimum of $1.

Wolf of All Streets analyst Scott Melker was invited to Fox Business to explain the importance of the move.

DogeDay retreat

Lastly, we do need to mention the DogeDay effect. For days, fans of the memecoin had been calling DogeDay420 on social media and were urging their fans to buy the dog-themed coin and send it to the moon on 20 April, or 4/20 in US terms. Instead of rising, Doge retreated and has now (at first sight) found support at the $0,30 line.

It will be interesting to see where it goes from here.

Serious crypto analysts are hoping that is will crash so they can get back to doing technical analysis on Bitcoin, Ether and others, but the social media community remains a big fan. It will be interesting to see who wins this one.

phongphan / Depositphotos.com