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Crypto Trader Digest: What to Buy, HODL and Sell this Week

by Pragati Shrivastava
, Crypto Trader Digest: What to Buy, HODL and Sell this Week

This week cryptocurrency prices are moving closer to the dreaded death cross. It’s likely that it made an appearance on the charts of Bitcoin and other Altcoins and this hints at an extended downtrend ahead. Market capitalization is inching closer to a brutal crypto winter and the bulls seem to be defeated by the bears this week. The ominous-sounding name death cross is given to when a short-term moving average like the 50-day MA for example crosses under a long-term or 200-day MA.

, Crypto Trader Digest: What to Buy, HODL and Sell this Week

Source: Twitter @CarpeNoctum

The last time the total crypto market capitalization death crossed was in May 2018 and the bear market took hold of Bitcoin and the rest of the altcoins across the space. The powerful downtrend that followed demonstrates just how significant a death cross can be. During the 2014-2015 bear market, Bitcoin itself completed a golden cross after it bottomed, only to death cross once again, then in the weeks ahead again completed a second golden cross that took hold and stayed crossed all the way to the Bitcoin’s all-time high of $20,000. It’s likely that after a short correction the crypto market will hit new highs until a new peak is reached and an all-time high is set.

With this analysis, let’s dive into this week’s crypto digest.

What to Buy?

Crypterium
Crypterium is currently trading at $0.510883 and has lost 7.14 percent in the past 24 hours. The altcoin has a market capitalization of $43,326,784. Crypterium has been identified as one of the ‘Emerging 50’ in a joint ‘FinTech 100’ report by KPMG and H2Ventures and has an overall ROI of negative 31.88 percent. The altcoin has an ROI of 63 percent in the past 7 days. Despite it’s not so good YTD ROI, it shouldn’t be too hard to make some bucks trading this altcoin today.

Metaverse ETP
Metaverse ETP is currently trading at $0.504642 and has lost 4.15 percent in the past 24 hours. The altcoin has a market capitalization of $38,705,685. In the past 7 days Metaverse has lost 21.4 percent in the past week and has mostly bottomed out. Metaverse ETP has bounced back from $0.5046 in the past and it is likely to do the same this week.

Basic Attention Token
Basic Attention Token is currently trading at $0.186391 and it has an ROI of negative 1.13 percent in the past 24 hours. BAT has a market capitalization of $249,531,378. BAT has an overall ROI of 10.43 percent and the project seeks to address fraud and opaqueness in digital advertising. It’s an interesting project for sure. The project has received much mainstream attention and the BAT community has shown positive sentiments in the past at the $0.186 level. If the same repeats, BAT is likely to give an ROI of 7-10 percent this week.

What to HODL?

IOST
IOST is currently trading at $0.005370 and has an ROI of 5.93 percent. IOST is meant to meet the security and scalability needs of a decentralized economy by providing blockchain infrastructure that might serve as the architecture for the future of online services. IOST has an overall ROI of 77.17 percent. Selling zone for IOST is above $0.006.

Zilliqa
Zilliqa is currently trading at $0.005375 and has an ROI of over 2 percent. ZIL is centered around the idea of ‘Sharding’ and was designed to enhance the scalability of cryptocurrency networks such as Ethereum. The selling zone for ZIL is above $0.006, akin to IOST.

0x
0x is currently trading at $0.220990 and it has an ROI of 5.93 percent. 0x has an overall ROI of 97.3 percent. 0x employs off-chain transaction relayers and Ethereum based smart contracts to provide an open order book and decentralized exchange. The selling zone for 0x is at $0.227.

What to sell?

Kyber Network
Kyber Network is currently trading at $0.198138 and it has an ROI of 9.89 percent. For KNC the selling zone is $0.187 – $0.198. KNC has an overall ROI of negative 89 percent and its one of the few altcoins that shows signs of a bullish trend.

Golem
Golem is currently trading at $0.049498 and it has an ROI of 8.77 percent. The selling zone for Golem is above $0.048 and Golem has an overall ROI of 228.87 percent. It’s a good time to book profits before the bears take over the price action in the coming weeks.

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