This was an important development because Stacks is a layer 1 network that makes it possible for developers to build dapps that use Bitcoin. Stacks has done well following the launch of Bitcoin Ordinals. Therefore, there is a likelihood that Conflux price will also continue rising as buyers target the overshoot level at $0.4157.īuy CFX with BKEX today Stacks price prediction The Murrey Math Lines indicator shows that it is now at the weak S&R point. Like Cardano, the Relative Strength Index (RSI) and the MACD have continued rising. It is also being supported by the short and long-term moving averages. On the hourly chart, the CFX price has formed a cup and handle pattern, which is usually a bullish sign. The telecommunication giant will use the platform to build blockchain sim cards. On-chain data showed that the network was gaining traction after partnering with China Telecom. Therefore, with Bitcoin leading cryptocurrencies, I suspect that it will continue rising as buyers target the next ultimate resistance at $0.366, which is about 8% above the current level.īuy ADA with Binance today Conflux price predictionĬonflux (CFX) price had one of the best performances this week. On the hourly chart, Cardano is trading close to the major S&R pivot point.
The MACD moved above the neutral point while the Relative Strength Index (RSI) moved close to its overbought level. Further, Cardano’s total value locked (TVL) jumped to a record high in ADA terms, signaling that the network is gaining traction.Ĭardano rose to a high of 0.348 on Friday, which was above the 25-day and 50-day moving averages.
#STACKS COIN PREDICTION UPGRADE#
Cardano price predictionĬardano price made a strong comeback on Friday after the developers announced a new P2P upgrade for its network. This article will provide predictions for some popular altcoins like Cardano (ADA), Conflux (CFX), and Stacks (STX). This was a remarkable turnaround considering that BTC was trading at $19,000 a week earlier. On Friday, Bitcoin price jumped to over $27,000 for the first time in months. Cryptocurrencies had a strong performance in one of the most volatile weeks.īitcoin surged above $27,000 for the first time in months.Ĭardano, Stacks, and Conflux were among the top performers.Ĭryptocurrencies had a strong performance this week even as jitters in the banking sector continued.
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