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Crypto Market Summary: Week of April 12, 2021

crypto market summary April 12 2021

Last Week Recap

Bitcoin stayed within the range of $55,000 to $60,500. Few notable projects’ crypto tokens are seeing strong bullish signals which our editorial team had highlighted. A strong bullish token for last week is Binance BNB.

For this coming week:

  • Major event to look out for would be the Coinbase direct listing on NASDAQ. We should expect stronger institutional play coming into the cryptocurrency landscape through a regulated entity (Coinbase) which serves as an indicator to the entire crypto market activities
  • Binance quarterly report should be out this week. Look out for the state of the current BNB token burn progress
  • We are nearing the launch of Uniswap v3. Watch out for UNI in the coming weeks
  • Previously, our editorial team mentioned that XRP remains an opportunistic play commensurating with their legal status with the U.S. SEC.
  • The hype over NFT seems to have tapered off. The NFT space has entered into a consolidation. Mass adoption would still continue, less the media hype. Look out for NFT-based projects like Enjin and Binance Smart Chain
  • DOGE has shown bullish signal and should be interesting to watch this week
  • We continue to like infrastructure based blockchain projects like SOL, LINK and BNB

As usual, trade with care. Trade with what you can afford to lose.

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SuperCryptoNews is a global leading blockchain and crypto news provider, covering daily news on the latest tech and trading developments in crypto. We bring you expansive crypto news coverage especially in Asia, with a focus on Singapore, Thailand and Southeast Asia.

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© Copyright of Novum Global Consultancy Pte Ltd {2020, 2021}. All rights reserved.

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