Crypto coming in hot
MOVERS
8am EST 14th April 2021
Crypto: Biggest price rise
DOGE
51.30
Equities: Biggest price rise
TSLA
5.86
Bitcoin
$63,965.70
Crypto: Biggest price loss
STORM
-9.57
Equities: Biggest price loss
MU
-2.20
XRP
$1.85
Crypto: Biggest vol increase*
DOGE
748.13
Equities: Biggest vol increase*
QQQ
131.55
Tesla
$766.00
*Volume bought in USD over the past 24 hours on the Uphold platform
WHAT'S UP
High & Wide: Crypto ATHs Abound
Bitcoin hit another all-time high today. So did Ethereum. As did Cardano, a couple of hours ago. ADA's ATH: $1.55.
Around the same time, Dogecoin (DOGE) met its ATH of $0.14. In 24 hours, as of 7 a.m. (EST), DOGE has risen 86%. Over the past seven days, the meme-coin, now among the ten largest digital coins as measured by total market capitalization, has soared more than 120%
DOGE's steep rise. A slew of new ATHs. Today’s COIN stock listing. There is, to be sure, an extremely bullish climate in crypto at large (Cointelegraph).
As far as coins that remain well off their ATHs, Tron (TRX) has gone all spring-flingy, from about a dime last week to $0.14 early this morning. If the crypto-force gales keep howling, TRX could meet its ATH; and then those six letters when paired together could comprise an anagram, "That Rx." First, though, there’s this prescription from CoinGape's Sunil Sharma: "The bold resistance level of $0.151 is the mark for TRX to break."
TRX hit its ATH of $0.23 in January 2018.
A quick last check of BTC: the largest cryptocurrency is five hours and 100 basis points removed from its ATH of, per CoinGecko, roughly $64,800.
No. 2 big boy ETH reached its ATH some seven hours ago. CoinGecko puts it at about $2,400.
WHAT'S DOWN
SOL Flying Close To Sun But Wings Unmelted
Among the tokens that reached ATHs over the past 48 hours – but then fell, albeit not too hard – is Solana. SOL’s trading at about $26. That's 12% lower than the price level it reached April 12. SOL regrouping and beaming above $30 isn't inconceivable even at a time when all of crypto seems to be flying awfully close to the sun.
SOL has rallied nearly 50% this month as new projects conduct airdrops on the Solana blockchain amidst high Ethereum fees (Cointelegraph).
WHAT'S NEXT
YouTube Analyst Comfortable Calling It As He Sees It
Tone deaf: shorthand to describe someone who's just made an obliviously insensitive remark.
Tone Loc: rap pioneer, liked/got paid to do the "Wild Thing."
Tone Vays: crypto analyst who told 105,000 YouTube subscribers his bullish near-term price target is $80,000.
And that he'd happily exit in the mid-$70,000s.
