Following a challenging week for the digital currency market, there are signs that a recovery is on the horizon. According to CoinGecko, the total market cap for cryptocurrencies has risen by almost 2% in the past 24 hours. Despite the closely-watched US debt ceiling crisis, localized rallies for Bitcoin and Ethereum, along with strong performances from the top five cryptocurrencies, have helped to boost the market.
KAVA has seen both price and TVL gains recently, making it a desirable token for investors. While KAVA’s bullish momentum is slowing down, experts predict a rebound from $0.782 will take the token up to $1.46 as investors grow more confident in the market’s upward trend.
Lido’s price has risen by 23% since last week, with the implementation of Lido V2 and a strategic partnership helping to bolster investor confidence. After pushing $2.08 resistance, LDO bulls are now looking to flip it to support and head towards $2.8. Watching the pricing movement of major cryptocurrencies is vital for investors wanting to make informed decisions.
According to CoinGecko, the launch of cartoon-designed ETFs has bolstered Bitget’s BGB token by 15%. Holding BGB during the current market wave will offer traders long-term profitability. Rocket Pool has also seen gains in recent days, with investors gaining confidence in the token following the Atlas upgrade. RPL has jumped 12% and could edge higher if the market remains bullish.
Bitcoin SV has gained popularity as a better alternative to Bitcoin, and proponents of its larger block size and lower transaction fees saw BSV surge by 16%. Investors and traders are looking to push BSV to $55.18 resistance and, once this is achieved, to $81.64. However, caution is advised as investment always carries risk.
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About the author - J-S Tremblay
I've been involved in the cryptocurrency world since 2016 and trading since 2019. I started Moon and Lambo in 2021. I'm passionate about crypto and love to share my knowledge. I hate bankers and I hope that cryptocurrency will change the financial world for the better. View full profile...
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