Polkadot may beat Ethereum 2.0 in the transaction fee race.
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Even with Wednesday’s pullback, Bitcoin and most major altcoins are finding buyers on minor dips to underlying support levels, signaling that the trend remains bullish.
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Select altcoins are likely to move higher even as Bitcoin price takes a breather after hitting $50,000 for the first time in months.
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Bitcoin has resumed its move toward $50,000 and this is likely to send altcoin prices higher.
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Strong fundamentals on the development side and derivatives data suggest that the DOT price could extend its 100% rally over the short-term.
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The sharp rebound in Bitcoin and most major altcoins proves that traders are buying aggressively on every minor dip.
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Bitcoin and most major altcoins remain above their respective 200-day moving average but the market’s momentum will depend on whether BTC can pierce the $48,000 level.
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Bitcoin’s break above the 200-day SMA suggests that the downtrend could be over and that may pull buyers back into altcoins.
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Bitcoin and most major altcoins are near critical overhead resistance levels, suggesting that the downtrend is very close to ending.
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Bitcoin price has hit a few barriers but many altcoins appear positioned for continuation.
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