Home / Crypto Currency / Aeternity Price Aims for $1.25 as Traders Explore Altcoins for Profits

Aeternity Price Aims for $1.25 as Traders Explore Altcoins for Profits

It is evident the current cryptocurrency momentum will make this Wednesday anything but pleasant to enjoy. More specifically, there is so much red across the charts, it becomes easy to overlook the coins going in the green. One of those coins is Aeternity, a cryptocurrency which many people tend to overlook.

Aeternity Price is on a Tear

Even though Bitcoin’s negative price momentum usually drags all altcoins with it, Aeternity shows things can be done differently. This particular altcoin notes some of the strongest gains in the top 100, despite not being a low-cap altcoin by any means. With its total valuation of nearly $286m, Aeternity has grown quietly behind the scenes without attracting a lot of attention.

That situation might come to change fairly soon, especially given these current changes. The Aeternity price is up by over 12% in the past 24 hours, courtesy of 14% gains over both Bitcoin and Ethereum. If these trends keeps up, things will get very interesting for AE holders moving forward. All of this is achieved with $15.4m in trading volume, which primarily stems from Gate.io and Binance at this time. A very interesting market to keep an eye on, for obvious reasons.

Finding the exact reason for this Aeternity price rise is not all that easy. Although there is some excitement regarding the video recorded during the BlackSeaChain conference of 2018, it might not necessarily warrant this AE price increase. At the same time, it also shows the project’s team is quite intent on ensuring the word gets out about Aeternity, which is always a smart idea.

Regardless of the reason behind this latest price rise, it is evident traders are quite happy with the way things are going right now. CRACKadabra explains how the Aeternity price has progressed nicely and seems well underway to keep going up as more time progresses. Although this current increase is very steep, a correction might not be forthcoming for a little while.

Last but not least, Bobcat Crypto is at it again by confirming the buy signals and positions to close regarding Aeternity. A healthy 15% profit has been noted from a trade opened just a few days ago, further indicating this current uptrend was bound to happen at this time. At the same time, this appears to signal the bull run could be on its last legs.

As is always the case in the world of cryptocurrency, strong gains are usually followed by even steeper corrections. In the case of Aeternity, it is very likely this trend will not remain in place for more than a few hours. At the same time, the current value of $1.23 can trigger another wave of buying by speculators and push the price higher in the process.

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Nano Price Uptrend Remains Intact as Value Surpasses $2.1

Some interesting momentum is brewing for the Nano altcoin right now. Although it is still too early to speak of a proper market reversal, the current development shows there is some life left in the altcoin department. Despite a solid increase in the BTC and USD ratio, Nano’s price remains above $2 with relative ease. Nano Price Continues its Uptrend It is an interesting weekend for all cryptocurrencies, even though the gains across the board are pretty slim, all things considered. As long as Bitcoin doesn’t show any real bullish or bearish pressure in the near future, causing altcoins to note some small gains or losses in the process. For Nano, things are heading in the right direction right now, although the momentum still remains somewhat shaky first and foremost. Over the past 24 hours, the nano price has risen by roughly 4% in the USD department. That means the altcoin sustains its value of $2 with ease, and has even reached a new level of $2.1. That is a pretty promising trend for altcoin speculators, even though it is not necessarily sufficient to keep things moving in this direction for the foreseeable future. The 3% gain over Bitcoin, on the other hand, is a bit more promising. Unfortunately for Nano, all of the discussions across social media have something to do with price speculation right now. Considering how this is a sign there isn’t anything spectacular happening to Nano right now, one has to wonder how it impacts the overall market momentum. K Sizzle thinks Bitcoin’s price will push to $7,000 and drag altcoins with it. Shortly after, a retrace will kick in, which is rather common. Seems like a plausible route to 7k mark before a retrace #btc #vet #qsp #omg #xvg #nano #ada #XLM #tpay #eca pic.twitter.com/fRSDGtxEUu — K Sizzle (@KSizzle021) October 21, 2018 Some traders are convinced the Nano price will remain under pressure from people looking to push the value below $2 once again. Whether or not that will effectively happen in the near future, is a different matter altogether. For now, the momentum looks positive, but this trend will effectively lead to a small correction sooner or later. NANO stays under pressure, watch key resistance by trader CryptalDash published October 05, 2018 #bitcoin #nano #nanobtc #btc #cryptocurrency #nanocoin https://t.co/SPp354Nhvy pic.twitter.com/Ofo6XkJuwY — BitcoinAgile (@bitcoinagile) October 21, 2018 Last but not least, Torjus Gaaren is looking for further Nano price gains in the near future. Although the current momentum seems to warrant cautious optimism first and foremost, one has to keep in mind no financial market can continue to rise indefinitely. In the case of Nano, this trend remains in place, although its week trading volume can easily trigger a big sell-off in the future. #NANO very good trade with clear target if it breaks out upwards. Trade described in chart. pic.twitter.com/7hcK6woxMz — Torjus Gaaren (@TGaaren) October 20, 2018 With all of these trends in place, it will be interesting to see what the future will hold for Nano. It is still one of the most resilient altcoins on the market, and its push into Venezuela will undoubtedly continue to generate a fair bit of attention. Altcoins are in a good place right now, which might very well hint at a continual uptrend in the future. The post Nano Price Uptrend Remains Intact as Value Surpasses $2.1 appeared first on NullTX.

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