This Crypto Row Potentially Strengthens During the Second Week of April 2022
Navigasi - The movement of the crypto market in the second week of April, slowly but surely landed comfortably in the red zone. This situation has made many market players take a wait and see attitude to continue to monitor future movements.
|This Crypto Row Potentially Strengthens During the Second Week of April 2022|
Based on Coinmarketcap data, Friday (14/4/2022) the 10 crypto assets with the largest or big market caps are all in a comfortable position in the red zone in the last 24 hours.
The value of Bitcoin (BTC) fell in the range of USD 39,000 or around IDR 560.9 million and a number of altcoins also suffered the same fate.
Tokocrypto trader Afid Sugiono explained that the overall market is still strong to bearish this week. The movement of the crypto market may experience a slight pullback to continue the decline.
“In general, the crypto market is still under pressure today thanks to the massive sell-off after market participants. It is strongly suspected that this sell-off was carried out because market participants anticipated US inflation data in March and the direction of the Fed's tighter monetary policy," Afid said in a written statement, quoted Friday (15/4/2022).
Even though market conditions are weakening, Afid explained that there are several cryptocurrencies that will strengthen during the second week of April 2022.
The following is a list of cryptocurrencies that have the potential to strengthen during the second week of April 2022.
Reserve Rights (RSR)
Reserve Rights is a dual token stablecoin platform that was launched in May 2019. Reserve Rights' dual token arrangement includes a stablecoin known as the Reserve stablecoin (RSV).
Afid, sees that the movement of the RSR will go to a bullish phase this week. This is the impact of the Mainnet Launch news which will be held on April 30 and could be sooner.
Mines of Dalarnia
Mines of Dalarnia crypto token is still likely to be bullish again this week. The increase in the value of Mines of Dalarnia still has an impact on the news of the launch of Mines of Dalarnia Mainnet on April 26. Then, the opening of the sale of the virtual Mines of Dalarnia Land made the price of Mines of Dalarnia soar.
"Mines of Dalarnia has finally officially announced the launch of Mainnet on April 26. Technical analysis sees that there will be a 12 percent increase from the current price in the range of USD 1.05," said Afid.
Secret Network is the first blockchain network with smart contracts that maintain privacy. Secret Network has a native coin called Secret (SCRT). It's like Ethereum (ETH) and Bitcoin (BTC), which you can store in your wallet and spend when you want to use the Secret Network.
Afid revealed that the increase in Mainnet on the Secret Network made the value of the SCRT token soar. In his announcement, this Mainnet upgrade can increase network performance 500 times greater.
Kyber is an on-chain liquidity protocol that can be implemented on any smart contract blockchain.
This protocol enables decentralized token exchange and can be integrated into any application, and runs seamlessly between all parties in an ecosystem.
According to Afid, KNC will have bullish potential. KNC Coin price position is up more than 50 percent after expanding access to ten blockchain networks and integration with Uniswap v3.
NEAR Protocol (NEAR)
NEAR Protocol (NEAR) could be one of the crypto assets that has shined in recent weeks. The reason is, this week NEAR is back in the bullish potential crypto. This is the third time in a row NEAR has entered the list.
"NEAR has the opportunity to be bullish with an increase in value of up to 14 percent. NEAR price is predicted to rise to USD 17.8. The reason is still the impact of the announcement of the launch of Unchainfund, their partnership with SialGP, and the winner of MetaBUILD 2," concluded Afid.