Bitcoin, Ethereum, Solana, Cardano  Price Analysis — 20 January Morning Prediction

Roundup x

TL;DR Breakdown

  • Bitcoin marches towards higher market price in the 24 hours timeframe
  • Ethereum shows progression just like Bitcoin
  • Cardano staggers to get pace within the market
  • Solana roars higher by 2.57%

Cryptocurrency has become very popular in the last few years, meaning alternative investments have become very popular. While Bitcoin was the first and still the best-known cryptocurrency, thousands of other cryptos have been there. People are excited about the asset class because some people have made a lot of money.

The current crypto market cap current is $2 trillion, which is subjected to an overall 0.89% increase over the last day. Bulls and bears alike fear what will happen when Bitcoin‘s price reaches the neckline of a head and shoulders pattern. Support is being provided for Ethereum‘s price by the daily Tenkan-Sen. This might be the lowest point yet. 

Bitcoin marches towards higher market price

With changing market dynamics and pandemic conditions, bitcoin suffers the most. The current market situation suggests improvements if the world situation favors the currency aspects in the coming days.

The Bitcoin current market price is $42,705 in the last 24 hours.

Bitcoin, Ethereum, Solana, Cardano  Price Analysis — 20 January Morning Prediction 1

Source Trading View

Investors are looking to find clues to understand the nature of trade with Bitcoin as a highly volatile market fears nothing leaving investors and traders confused. The current market cap for Bitcoin is $803 billion with a 0.72% increase in the last hour. The estimated trading volume is $17 billion.

Ethereum shows progression just like Bitcoin

Ethereum is popularly recognized for sharing the same market pace as Bitcoin; likewise, as shown an increment at this hour. Ethereum bounces back and crossed $3200 by an increase of 1.84% over the last hour. 

Bitcoin, Ethereum, Solana, Cardano  Price Analysis — 20 January Morning Prediction 2

Source Trading View

Ethereum’s current market price is $3,204 with an estimated trading volume of $8.9 billion and the market cap is $380 billion.

The market has slowly begun to recover from the previous setback and shows a probability of coin hitting new highs if the market continues to be bullish.

Cardano staggers to get pace within the market

Altcoins like Cardano are slowly progressing with highs and lows. The development in small contracts over Cardano has majorly influenced its reputation in the market, however, it is still staggering to find the pace.

Bitcoin, Ethereum, Solana, Cardano  Price Analysis — 20 January Morning Prediction 3

Cardano’s current market cap is $46 billion with a 2.2% decrease in the last hour. The estimated trading volume is $1.6 billion with a market value of $1.39.

Solana roars higher by 2.57%

Solana was the best-performing cryptocurrency in 2021. It might keep growing even more. If you look at the altcoins, Solana has been one of the best in 2021. It has made it possible to break through the ranks to become the fifth-largest cryptocurrency in the world. 

Solana is becoming the trader’s new love interest. However, bounce indicates that it’s a two-way affair now. Solana shows a massive 2.57% increase over the last hour, giving hope to new entrants. 

Bitcoin, Ethereum, Solana, Cardano  Price Analysis — 20 January Morning Prediction 4

Source Trading View

Solana’s current market cap is $44 billion, with a 2.57% decrease in the last hour. The estimated trading volume is $737 million, with a market value of $1.39.  

Final Thoughts

Looking at the current market scenario, we can evaluate that the market will flourish in the coming period. The market’s volatility confuses traders, but at the same time, it entices them to take risks; that’s what traders do.

Bitcoin, Ethereum, and Solana have shown a positive run towards their new highs and indicate a revolutionary market price of all the coins in 2022, depending on the affirmative market conditions and the ever-lasting pandemic.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decisions.
Muhammad Ali

Muhammad Ali

Muhammad Ali is an expert on crypto investments. Loving to write about fintech, he joins the team to provide detailed analyses of the hottest crypto news.

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