Theta, the price of crypto more and more

The negative closure of last week also characterizes the start of the last week of May, which sees a clear prevalence of red marks. They are no exception the price of Theta crypto he was born in Theta fuel token which, on the other hand, has made decisive increases in value.

With a loss of more than 10% he closed the third week of May which also saves it deeper slide from the second week of March, that which had been characterized by the crack which ended with the minimum for the period, reaching the lowest levels of last year.

coin360 20200525

Today, among the first 100 capitalized, more than 85% are at par this morning. Markdowns in the top 10 see stumbling blocks of more than 4% for Bitcoin (BTC), Ethereum (ETH) Bitcoin Cash (BCH) Bitcoin Satoshi Vision (BSV) e Tezos (XTZ), who experience the biggest setback daily.

To find the first green sign, you have to go down to the 31st position where the crypto Theta (THETA) takes a leap forward 9%, one of the best hikes of the day.

Only the token is better Theta fuel (TF). Thanks to Theta agreements with i ESport sports channels, these sports services will be installed on all Samsung Galaxy S20 phones and will reward users’ use of streaming with Theta Fuel tokens. It is estimated that more than 75 million devices will have Theta TV installed.

This breaks the Theta Fuel token 60% salt, in addition to that of Theta which increased by 9%. Added to increases in the last few days, The last Theta marks an increase of more than 85% compared to the levels of last Monday and which since the lows of March 13 represents a leak of 670%.

From 0.035, Theta now records $ 0.38 and multiplies by 7 the value, which will update the absolute historical maximums for the token which conquers the 31st position in the ranking of the largest capitalized with more than 300 million dollars.

Day hikes should be noted Zilliqa (ZIL) e Edge (XVG) at + 4% ed Hedera Hashgraph (HBAR) which gains 1.5%.

Among the worst discounts OmiseGo (OMG) opens the week with a decrease of 8%. OmiseGo comes from a decidedly positive week. The benefits now prevail. On a weekly basis, despite today’s decline, it is gaining 80% from last Monday’s levels.

The capitalization Return less than $ 250 billion, a loss conditioned by the fall of the last week of Bitcoin which after having touched the 180 billion dollars in recent days, slides with the fall of the last days losing about 20 billion dollars affecting the total market capitalization.

Regarding the altcoin capitalization drops 3 billion compared to the levels of last week remaining at the levels of the last 15 days, without showing any particular setback. This indicates how altcoins in recent days particularly outperform the trend of Bitcoin which instead sells market share in favor of altcoins and small caps.

Indeed, Bitcoin’s dominance drops to 65.5%, leaving two percentage points from last week’s levels. Ethereum and Ripple despite the dominant price cuts gain in dominance: Ethereum returns above 9% while Ripple returns to 3.5%.

The index fear and greed it is reported above 40 points even if the recovery from the highest point at 56, recorded in the second half of February, fails.

Bitcoin Chart by Tradingview

Bitcoin (BTC)

Bitcoin impairment loss exceeds 13% compared to higher levels in early May, when prices for the first time in more than three months crossed the $ 10,000 threshold.

The price of Bitcoin drops to $ 8,600. It’s not a real collapse Bitcoin, as this retreat currently indicates that prices have stopped at 25% of Fibonacci retracement which refers to the lows of mid-March and the highs of early May.

After the short-term bullish trend line burst on Thursday, prices are testing the lower neckline of the bullish channel that has accompanied Bitcoin’s increases since May.

It is necessary for Bitcoin in the next few hours to consolidate prices above the $ 8,000 threshold and not to drop below $ 8,100, lowest recorded a few hours before the third half division took place two weeks ago.

Only falling below these two levels could trigger new sales and declines. A positive signal would rather come with the recovery of the $ 9,300 in the coming days, this would restore confidence and attract new purchases.

ETH 20200525
Ethereum Chart by Tradingview

Ethereum (ETH)

Ethereum is unable to confirm the recovery in the bullish channel and with price at $ 200, more psychological than technical threshold, indicates the failure of this recovery and a trend which for the moment becomes lateral bearish in the medium term.

For ETH, it is necessary not to go below the technical support threshold of $ 190 to limit the weakness that has characterized Ethereum for about 2 weeks. A positive sign would come with the resumption of 215 dollars, the relative highs recorded last week, where the defense of the Bears and the rejection of the rise took off.

The post Theta, the price of crypto increasingly appeared first on The 100Count.

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