Yaz Sheikh, Publisher at CoinCodex
Yaz is a cryptocurrency technical analyst with over seven years of technical analysis trading experience. As an Economics graduate, he has taken a keen interest in the future potential of blockchain in the financial industry. Removing crypto from the equation, Yaz loves to watch his favorite football team and keep up-to-date with the latest fights within the UFC.
Yaz Sheikh Latest Articles
VeChain Thor has seen a strong price surge over the past 24 hours as it rises by 9.77% to reach the current $0.0168 level. The cryptocurrency has actually been surging throughout the entire period of November as it rebounded from the support at $0.0087 (downside 1.272 Fib Extension) and started to push higher.
With BTC surging towards its previous ATH this month, there have been a handful of tokens that have also managed to create fresh 2020 highs themselves. Lot’s of these tokens climbed higher when Bitcoin was heading upward, but have since declined with the latest Bitcoin price drops.
A couple of days ago, Altcoin Daily released a superb video covering his top 7 coins that have MASSIVE potential in 2021. Today, I would like to cover the technical analysis side of this of these coin picks and provide some areas of resistance each coin could possibly reach in the first few months of 2021.
Imagine you could take out a loan without the need to go through any credit checks, no KYC, or put up any collateral such as your house or cash to do so. Well, within the magical world of Decentralized Finance (DeFi), this is entirely possible today!
EIP 1559 is an Ethereum Improvement Proposal that was put forward by Vitalik Buterin in 2019. If it becomes successfully implemented, it is expected that it should help to lower Ethereum GAS fees, reduce congestion, and make Ethereum more scarce.
Last Friday, we released our list of top 5 coins to watch in November. Amongst the 5 sits Bitcoin Cash and Zcash - both of which have block halvings occurring this month. Additionally, there was Stratis which is seeing a mainnet release, Cosmos which is seeing a testnet launch, and The Graph which underwent its ICO.
Bitcoin saw a further 7.5% price surge over the past 24 hours of trading which saw the coin finally breaking the $14,000 resistance as it heads toward $14,800. The cryptocurrency is now up by a total of 13.28% over the past week and up by a whopping 28% over the past month of trading.
With the elections ahead of us, it seems that there is some capitulation amongst altcoin holders as they start to sell off their tokens. DeFi has been pretty hard itself, however, it also seems that the exchange tokens are also starting to see some sharp drop-offs.
Polkadot saw a strong 12.8% price hike over the past week to reach the current $4.50 level.
Bitcoin was born in a financial crisis and it will come of age in this one”, said Dan Morehead, Founder & CEO of Pantera Capital at Dubai’s annual World Blockchain Summit (#WBSDubai) as it kicked off virtually gathering over 400 blockchain and cryptocurrency investors and enthusiasts globally.
