Binance Coin And XRP Rise, Venmo Enters Crypto, Dogecoin Holds At $0,30
Last Updated on 21 April 2021 by CryptoTips.eu
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.
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.
I broke down the importance of @Venmo opening crypto trading, the epic $DOGE run, the biggest threats to $BTC and why I'm in a battle with Wall Street on @FoxBusiness.
— The Wolf Of All Streets (@scottmelker) April 20, 2021
Huge thanks to @cvpayne for making it happen, hope to do it again soon.
Full vid:https://t.co/Z3NdP12fpH
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.
Ayy wtf is this dump day I don’t get it 🤔 #DogeDay pic.twitter.com/tlsIl5iTg4
— 💸💸💸 (@davide_doge) April 20, 2021
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