The altcoins listed below are in a downward correction as cryptocurrencies fluctuate below their moving average lines. In other words, they risk further decline while facing rejection at the 21-day line SMA.
The founder of Arsenal NFT (ANFT) is on a mission to develop crypto’s first DeFi/NFT Centric ecosystem. Scott ‘Kap’ Kapun is passionate about spreading the wealth and his forthcoming ecosystem, which is paid out in USDC.e to all ANFT token holders, is set to do just that.
The worst-performing altcoins have failed to hold their previous support levels as cryptos have fallen below their moving average lines. The downtrend has eased as some high-profile cryptocurrencies have resumed their recovery rally.
The best performing cryptocurrencies have risen above their moving average lines. Some of the altcoins are struggling with the overbought condition of the market. Others are rising in the bullish trend zone. However, in a market with a strong uptrend, the overbought condition may not last.
The meme industry has become widely popular not only in social networks but also in crypto: that’s how Doge and Shiba tokens became viral. But often such coins are useless and have no ecosystem and tech base.