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11/13/2021

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Cryptocurrencies Trading at Low Prices This October

Bitcoin, due to its market capitalization, has made the cryptocurrency market very big. Though Bitcoin is trading above $60,000, there are other lows whose prices are relatively low compared to this digital currency. Here are some of them: Fantom...

Cryptocurrencies Trading at Low Prices This October

Bitcoin, due to its market capitalization, has made the cryptocurrency market very big. Though Bitcoin is trading above $60,000, there are other lows whose prices are relatively low compared to this digital currency.

Here are some of them:

Fantom (FTM)

Fantom (FTM) is gradually becoming a star in the crypto market. Built as an alternative to the Ethereum network, the project serves as an open-source DAG smart contract platform for decentralized apps (dApps) and digital assets.

The FTM token, on October 19 reached an all-time high of $2.48 but slipped to $2.31 a few hours later. With its market capitalization at about $6 billion, the token has gained about 50% in the last 30 days.

In the last 24 hours, FTM has lost 6.13% to trade at $2.279. Within the same time, its trading volume decreased by 26.7% to $545 million. With RSI at 61%, FTM is bullish.

Cryptocurrencies Trading at Low Prices This October | DeFi Planet24 hour FTM/USD chart Source: Tradingview – THURSDAY

Dogecoin (DOGE)

Meme-inspired cryptocurrency, Dogecoin is an open-source peer-to-peer digital currency. This meme token which is backed by Shiba Inus worldwide is unique because it has an active and friendly community.

In August, Dogecoin hit 35 cents after electric vehicle maker, Elon Musk and billionaire Mark Cuban both agreed it was the strongest cryptocurrency as a medium of exchange.

Currently trading at $0.246, DOGE has gained 4.6% in the last 7 days and dipped by 2.20% in the last 24 hours. Its trading volume, in the last 24 hours, is up by 24.5% at over $2 billion.  Similarly, its relative strength index stands at 54.73, indicating a bullish trend. 

Cryptocurrencies Trading at Low Prices This October | DeFi Planet24-hour DOGE/USD chart Source: Tradingview – THURSDAY

Cardano (ADA)

Cardano (ADA)which is one of the top 10 digital currencies based on market capitalization has been buzzing lately. 

Though Cardano is still in its early stages of development, it is one of the cryptocurrencies to buy at low prices. ADA has increased by about 483% year to date (YTD). Its price surged to $2.79 in September, up from $0.377 in January.

Currently trading at $2.197, ADA has gained 8.97% in the last 24 hours. Its trading volume is also up by 13.42% at $3.88 billion, an indication investors are buying this virtual currency. Similarly, its relative strength index stands at 48.99, meaning the coins is in a healthy place.

Cryptocurrencies Trading at Low Prices This October | DeFi Planet24 hour ADA/USD analysis Source: Tradingview – THURSDAY

THETA THETA

THETA is the native token of the Theta blockchain, the only end-to-end infrastructure for decentralized video streaming and delivery that provides both technical and economic solutions.

THETA has dipped by 4.07% to trade at $5.967 in the last 24 hours. However, within this time frame, its trading volume has increased by 66.43% at over $260 million dollars. With a relative strength index of 38.06, it is evident that buying activity is quite intense.

24-hour THETA/USD analysis Source: Tradingview – THURSDAY
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