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BTC prices have slumped a whopping 25% over the past seven days, and the pain may not be over yet. Bitcoin
miners are an essential function of the network, but they also have a substantial influence over market movements.
It comes with built-in governance tools and works on the Proof-of-Authority algorithm. It works on a two-coin economic model that helps in managing the costs of VeChainThor protocol. The blockchain system also boasts of higher scalability suitable for enterprise solutions as well as sidechain capability. The project is currently dedicated to the expansion of the VeChainThor ecosystem and the business side of their project is thriving with major partnerships coming to birth almost weekly.
Users can liquidate/exchange their funds for other cryptocurrencies or btc fiat currencies using the platform’s exchange anchors. In addition to these services, one very powerful feature of the network is its Distributed Exchange.
After the recent positive price actions, the hopes of a strong upward trajectory thrive. Moreover, the Aroon Indicator which is used to identify the trend reversals signalled a bullish divergence after a pretty long time.
It is worth noting that all of the below-enumerated coins are under $1. Before we gush out of the initial topic, let’s move to the list of recommended (in our humble opinion) penny cryptocurrencies worth investing in in 2022.
And that is our first and foremost recommendation of top penny cryptocurrency
2021 – do your own research. Our suggestions should only serve you as pointers and one of the information sources you take into account while making your decision as to where to invest your money. No amount of reading or listening material can make up good research.
When a cryptocurrency is released, the creator(s) can set its parameters (how much there is, rules for buying and selling, how new Bitcoins are added to the marketplace, etc.), which cannot be changed after the fact. Locked in from the start, these rules effectively make Bitcoin a truly scarce resource, with a ceiling on the total amount that will ever be available.
CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses. None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner. The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.com.
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If the BTC price manages to stay above these levels, then the asset could continue with its bullish trajectory to achieve the crucial resistance. If the asset faces rejection at these levels, then a plunge could drag the price lower closer to the $22,400 support levels.
A shift in the momentum is witnessed for the BTC price as the Aroon Up line has made a crossover and surged above the Aroon down line. Conversely, the RSI is Rasing high which signals a shift in momentum towards the north. Therefore, this may assist the price to clear the $24,000 price zone and heading towards the $24,480 resistance at the earliest.
Bitcoin price was trading below the 50-day EMA levels for quite a long time in the daily time frame. As the star crypto ignited the fresh weekly trade on a bullish note, the price is currently testing one of the important resistance at the 50-day EMA.
Once you seize those profits, it would be wise, though, to move them into bitcoin
as that is the ultimate goal of crypto investing: increasing your bag of satoshis with every trading move. If you have a big appetite for risk and BNB speculative drive in you, hunting down these penny coins can be very rewarding.
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