As a recession looms, gas prices soar, and wounded crypto markets heal from the outright elimination of two popular coins, the crypto industry managed to deliver some bright spots with Bitcoin leading the way.
Decentraland (MANA) +54.00%
KuCoin Token (KCS) +43.00
eCash (XEC) +41.30%
Chiliz (CHZ) +26.80%
Monero (XMR) +26.6
TerraLuna (LUNA) -88.7%
TerraUSD (UST) -81.50%
Helium (HNT) -14.20%
Celo (CELO) -13.10%
Convex Finance (CVX) -10.90%
During times of high crypto volatility, it’s the perfect time to learn about Bollinger Bands. As a chart overlay indicator that measures volatility, Bollinger Bands help traders identify overbought and oversold conditions, and potential reversals.
Quadency’s Bollinger Bands Bot enables you to easily set up buy orders when price goes under the lower band, or sells when a pre-defined condition is met.
Coming after an historically grim week that saw two top 100 cryptos go to zero and BTC dump to 50% of its ATH, Bitcoin staged a comeback and helped lift altcoins along with it. BTC dominance rose to 44.38%, a 6-month high.
While regulators worldwide closed in on crypto regs following the stablecoin depegging, Bitcoin’s performance this week demonstrated that despite volatile markets and mass FUD, BTC is becoming a risk off asset of choice during economic uncertainty.
Multiple stablecoins (some algorithmic, some not) destabilized slightly. USDT and DAI also saw a major drop in circulating supply, but overall they maintained their peg through a week of massive market uncertainty. GameFi, Play-to-Earn, and Metaverse tokens trended and most altcoins experienced high volatility.
Turn TradingView alerts into executable signals with Quadency’s TradingView bot!
Coming after an historically grim week that saw two top 100 cryptos go to zero and BTC dump to 50% of its ATH, Bitcoin staged a comeback and helped lift altcoins along with it. BTC dominance rose to 44.38%, a 6-month high.
While regulators worldwide closed in on crypto regs following the stablecoin depegging, Bitcoin’s performance this week demonstrated that despite volatile markets and mass FUD, BTC is becoming a risk off asset of choice during economic uncertainty.
Multiple stablecoins (some algorithmic, some not) destabilized slightly. USDT and DAI also saw a major drop in circulating supply, but overall they maintained their peg through a week of massive market uncertainty. GameFi, Play-to-Earn, and Metaverse tokens trended and most altcoins experienced high volatility.
Turn TradingView alerts into executable signals with Quadency’s TradingView bot!
Chiliz (CHZ) is a top GameFi token used by blockchain-based sports and entertainment platform, Socios. Token holders can participate in governance, become a superfan, and help influence decision making for their favorite teams. Mid-week, CHZ trended during a high level of volatility before leveling off in a less chaotic Bollinger Bands range
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Quadency is a cryptocurrency portfolio management platform that aggregates digital asset exchanges into one easy-to-use interface for traders and investors of all skill levels. Users access simplified automated bot strategies and a 360 portfolio view with a free account.
Disclaimer: The content of this article is for general market education and commentary and is not intended to serve as financial, investment, or any other type of advice.
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