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03/28/2022

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Bitcoin, Ethereum and Cardano on their way to highest value in 2022

It is once again a sigh of relief for crypto owners. After months of disappointing value of popular cryptocurrencies, we saw a significant recovery last week. Indicator often remains Bitcoin (BTC) that is on its [...] The post Bitcoin,...

Bitcoin, Ethereum and Cardano on their way to highest value in 2022

It is once again a sigh of relief for crypto owners. After months of disappointing value of popular cryptocurrencies, we saw a significant recovery last week. Indicator often remains Bitcoin (BTC) that is on its way to a major breakout if we are to believe the crypto strategists.

Bitcoin is often seen as the ‘mother of all cryptos’. If Bitcoin is on the rise, many popular cryptos will rise at the same pace. In recent days, BTC has risen to $47,000 due to its digital resistance. Although there were already predictions that this could happen, it has surprised many crypto owners. Due to this outbreak, the chance that a correction will take place at USD 36,000 is no longer realistic. However, a correction to the $40,000 price range is still possible, some analysts say.

The current situation is somewhat similar to that of March 2020 when BTC also jumped after the Covid-19 outbreak. At the time of writing (8:02 a.m. Monday), Bitcoin’s price is $47,101 on Kraken.

Ethereum (ETH) and Cardano (ADA) are rising just as fast

Ethereum (ETH) and Cardano (ADA) have also risen sharply in the past week. Ethereum is currently trading at $3,310 (Kraken), which is an all-time high in 2022. According to noted Crypto analyst Michaël van de Poppe, the Ethereum is on its way to its next resistance at $3,500. If ETH does not break through this resistance, a correction can also take place here.

With cryptos, it is impossible to predict the future with any certainty. Yet every owner of cryptos knows that corrections always take place. So it can be a strategy to take a nice profit in the coming days (if your position allows it) and wait for the next correction. It is certain that it will always come.

Cardano (ADA) has also made a huge jump of about 30% in the past week. The ADA is currently trading at $1.18 (Kraken). It is quite possible that it can still rise to $1.30, after which a correction can take place back to $0.95 (still well above the lowest level of the past 2 weeks ago). So the question remains whether this higher low will come before Cardano can rise further. In any case, the expectations for Cardano in 2022 are high.

VET (Vechain) also increases by 30%

The price of VET (VeChain) has also risen sharply in recent days. With an increase of 30% you look up. The current price at the moment is 0.077, still a long way from a year ago when VET was good at 0.245.

The value of VeChain has plenty of potential to rise further, but it will first have to break the resistance level at USD 0.10. In any case, enough reasons to keep a close eye on this crypto.

[Fotocredits – Nuthawut © Adobe Stock]

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Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


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