DeFiセクターの成長が予約権を押し上げる, 0xとKyberNetworkの上位

ビットコイン (BTC) has bounced back above the $32,000 level today, but Guggenheim chief investment officer Scott Minerd believes that the current institutional demand is not sufficient to keep the price above $30,000 for long. Despite this view, Minerd continues to believe that the current downturn does not alter the long-term bullish story of Bitcoin.

暗号市場データの日次ビュー. ソース: Coin360

While several institutional investors are turning positive on Bitcoin as a store of value, BlackRock CEO Larry Fink does not seem impressed. Fink pointed out the volatility and called Bitcoin “a very small market” that is affected by small-dollar investments. Although Fink said that “some form of a digitized currency is going to play a bigger role in the future,” he was unsure if it would be Bitcoin.

A cryptocurrency that has a strong use case and can keep up with the ever-growing demands of crypto users may have good future prospects. The tokens selected today are strong contenders that fill each of these criteria.

RSR/USD

The Reserve Rights (RSR) protocol aims to reach the unbanked, help people transact, and preserve their wealth against the devaluation of a currency by using a stablecoin. This is a strong use case, especially in countries that suffer from the clutch of hyperinflation.

The team is currently mainly operating in Venezuela and Argentina, where the local fiat currencies have rapidly lost their purchasing power. 最初は, the team wants to concentrate on streamlining the process. Various incentive measures for growth are planned for the later part of the year.

In a recent AMA, Reserve co-founder Nevin Freeman said the protocol aims to do a Mainnet launch in 2021, but refrained from putting a timeline to it. The protocol wants to expand their team to speed up the process and they are on the lookout for new engineers. The mainnet’s launch may also open arbitrage opportunities for RSR token holders.

The team is also in discussion with PayPal about allowing users to cash out using the platform. Reserve Rights expects the results of the deliberation in the first quarter of this year.

RSR corrected from an intraday high at $0.04941 1月に. 18 to a low at $0.03086 1月に. 27, a fall of 37% in the past ten days. The price has currently rebounded off the breakout level of $0.030, which suggests the previous resistance has flipped to support.

RSR/USDT daily chart. ソース: TradingView

If the bulls can push the price above the 20-day exponential moving average ($0.036), a move to $0.042 and then a retest of $0.04977 可能です. A breakout of this resistance will resume the uptrend with the next target objective at $0.065.

一方, if the price turns down from the 20-day EMA, it will suggest the sentiment has turned bearish and traders are looking to sell on rallies. If the bears can sink the price below the 50-day simple moving average ($0.0297), ペアはに落ちる可能性があります $0.025.

Such a move will indicate the bullish momentum has weakened and bears have made a comeback.

ZRX/USD

As the crypto market matures, the popularity of decentralized exchanges is on the rise and 0X (ZRX) is one of the beneficiaries. The community recently voted to upgrade the protocol to version 4, which promises several improvements to its users.

This upgrade is expected to result in gas savings of up to 70% for requests on quote and 10% for limit orders compared to the previous version. The protocol also highlights that the upgrade has made it cheaper for the users to trade on Uniswap and SushiSwap using 0x v4 rather than on their native platforms.

Users seem to be impressed with the new features and the exchange recorded a 24-hour trading volume record of $200 million recently. The latest version is also auto upgradable, allowing future changes to be incorporated easily.

ZRX has risen from an intraday low at $0.4337 1月に. 22 日中の高値に $0.6688 今日, a 54% rally in seven days. The price is currently forming a rounding bottom pattern, which points to a possible trend reversal.

ZRX/USDT daily chart. ソース: TradingView

The 20-day EMA is sloping up and the relative strength index (RSI) is in the positive territory indicating bulls are in control.

The buyers have pushed the price above the $0.6310 今日の抵抗, signaling the resumption of the uptrend. There is a minor resistance at $0.6784 but if that level is crossed, the ZRX/USD pair could rally to $0.75 そして $0.85.

This bullish view will invalidate if the price turns down from the current level or the overhead resistance and dips below the 20-day EMA ($0.52). Such a move will suggest that supply exceeds demand. That may result in a fall to the 50-day SMA at $0.044.

KNC/USD

The DeFi space has evolved over the past few months and a surge in transaction volumes followed. To keep up with the latest trends, Kyber Network (KNC) has announced an upgrade to its protocol. The Kyber 3.0 upgrade will transition Kyber from a single protocol to a network of specialized liquidity pools, catering to various DeFi use cases.

A new automated Dynamic Market Maker will allow permissionless liquidity contribution and enable the liquidity pool creators to adjust their pricing curves. The upgrade also attempts to reduce the damage from impermanent loss by automatically adjusting trading fees, which will be increased during periods of high volume and decreased when the volume is low.

The Kyber DAO and KNC will be upgraded to a new token contract that aims to add to the token’s governance power and create multiple streams of token utility. The upgrade is expected to be completed by the third quarter of this year.

KNC corrected from $1.492 1月に. 21 to an intraday low at $1.145 1月に. 27, a 23% correction in seven days. しかしながら, the price has rebounded off the 20-day EMA ($1.22) 今日, indicating demand at lower levels.

KNC/USDT daily chart. ソース: TradingView

The upsloping moving averages and the RSI in the positive territory suggest bulls have the upper hand. If buyers can push the price above the $1.36 に $1.50 抵抗ゾーン, the KNC/USD pair will complete a double bottom pattern, which has a target objective of $2.02.

It may not be a straight dash to $2.02 because the bears are likely to defend the $1.80 抵抗. 価格が反発した場合 $1.50, it will suggest the sentiment remains positive and that bulls are buying the dips.

この仮定に反して, 価格が下がった場合 $1.36 または $1.50 and breaks below the 20-day EMA, it will indicate selling at higher levels. Such a move could keep the pair range-bound for a few more days.

ここに記載されている見解や意見は著者のものであり、必ずしもコインテレグラフの見解を反映しているわけではありません。. すべての投資と取引の動きにはリスクが伴います, 決定を下すときはあなた自身の研究を行うべきです.

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ソース: コインテレグラフ

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