View Daily Crypto Trends

27th May 2023: Weekly Crypto Trends

Crypto Assets
Bitcoin and Ethereum were barely changed on the week

Secondary coins were generally lower on the week with the exception of Cosmos which rallied 4.5%. The worst performers were Fantom, down 11.4%, and Theta, down 7.6%. Only Ripple maintains short term uptrend. Several coins including Chainlink, Polkadot and Cosmos test the bottom of their ranges.

Crypto related equities were mixed with Hive and Marathon down just under 3%; most equities under review now trade sideways short term.

Headlines
There was little news of substance last week.

Pudgy Penguins, who have a popular NFT collection, have released Pudgy Penguin toys on Amazon.

Analysis undertaken by Coinshares show a fifth week of outflows from Crypto markets. Trading volumes were noted to be down 40% on average weekly volumes.

Three unnamed sources say Crypto exchange Binance, commingled billions worth of customer funds in 2020 and 2021, according to a Reuters report. The article cites three anonymous sources, one of which said Binance used bankrupt Silvergate Bank to commingle billions of dollars on a regular basis.

Hackers are understood to have suffered in the bear market for a wide range of crypto tokens as fraud dropped by 70% in the first quarter of 2023, compared to the same period from last year.

Meta is training its AI application on religious texts. Zuckerburg may want to be God.

Terra criminal Do Kwon has had his bail revoked in Montenegro and is now back in gaol according to Bloomberg.

Major Coin Summary
NameCloseDaily Ch %Wk ChWk Ch %RSIST ScoreLT ScoreOverall
Bitcoin26,715.800.9%-180.33-0.7%4242010
Ethereum1,829.551.2%15.860.9%4442010

Bitcoin and Ethereum were barely changed on the week.

Ratio Chart
Secondary Coin Summary

Weekly change – highest to lowest

NameCloseWk Ch %RSIST ScoreLT ScoreOverall
Polygon (Smart Contract Coin)0.914.5%36-750-18
BNB Chain Native Token (Smart Contract Coin)308.42-0.9%43-334728
Cosmos (Smart Contract Coin)10.66-0.3%41-75-88-85
XRP (Smart Contract Coin)0.470.1%458-88-64
Monero (Privacy Coin)150.660.1%47-75-47-54
THORChain (Smart Contract Coin)1.16-1.9%27-83-91-89
Cardano (Smart Contract Coin)0.36-1.5%37-33-88-74
Stellar (Privacy Coin)0.09-1.7%31-75-92-88
Avalanche (Smart Contract Coin)14.39-2.4%29-92-91-91
ChainLink (Cross Chain Coin)6.35-2.5%33-75-88-85
Polkadot (Cross Chain Coin)5.25-2.3%33-75-92-88
DogeCoin (Memecoin)0.07-3.4%27-83-91-89
Solana (Smart Contract Coin)19.44-4.9%39-75-88-85
The Sandbox (Gaming Coin)0.52-4%33-75-88-85
Near (Smart Contract Coin)1.59-5.2%29-83-91-89
Decentraland (Gaming Coin)0.47-5.3%31-75-88-85
Theta Token (Gaming Coin)0.85-7.6%28-92-91-91
Fantom (Smart Contract Coin)0.33-11.4%29-42-91-79

Secondary coins were generally lower on the week with the exception of Cosmos which rallied 4.5%. The worst performers were Fantom, down11.4%, and Theta, down 7.6%. Only Ripple maintains short term uptrend. Several coins including Chainlink, Polkadot and Cosmos test the bottom of their ranges.

NameCloseDaily Ch %Wk Ch %RSIST ScoreLT ScoreOverall
Ark Innovation ETF39.101.9%1%51-33-88-74
Block Inc59.00-0.5%0.6%44-75-92-88
Coinbase Global Inc Cl A56.920.1%0.2%44-75-92-88
Hive Blockchain Technologies Ltd2.990.3%-2.9%39-334728
Marathon Digital Hldgs Inc8.93-2%-2.7%4442-88-56
Microstrategy Cl A285.101.5%-1.1%4542-41-20
Riot Blockchain Inc10.92-1.4%-1.4%4675018
Robinhood Markets Inc Cl A8.822.6%4.1%40-75-88-85
Tesla Inc193.174.7%7.2%56-33-92-78

Crypto related equities were mixed with Hive and Marathon down just under 3%; most equities under review now trade sideways short term.

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Crypto Assets
Bitcoin and Ethereum were barely changed on the week

Secondary coins were generally lower on the week with the exception of Cosmos which rallied 4.5%. The worst performers were Fantom, down 11.4%, and Theta, down 7.6%. Only Ripple maintains short term uptrend. Several coins including Chainlink, Polkadot and Cosmos test the bottom of their ranges.

Crypto related equities were mixed with Hive and Marathon down just under 3%; most equities under review now trade sideways short term.

Headlines
There was little news of substance last week.

Pudgy Penguins, who have a popular NFT collection, have released Pudgy Penguin toys on Amazon.

Analysis undertaken by Coinshares show a fifth week of outflows from Crypto markets. Trading volumes were noted to be down 40% on average weekly volumes.

Three unnamed sources say Crypto exchange Binance, commingled billions worth of customer funds in 2020 and 2021, according to a Reuters report. The article cites three anonymous sources, one of which said Binance used bankrupt Silvergate Bank to commingle billions of dollars on a regular basis.

Hackers are understood to have suffered in the bear market for a wide range of crypto tokens as fraud dropped by 70% in the first quarter of 2023, compared to the same period from last year.

Meta is training its AI application on religious texts. Zuckerburg may want to be God.

Terra criminal Do Kwon has had his bail revoked in Montenegro and is now back in gaol according to Bloomberg.

Major Coin Summary
NameCloseDaily Ch %Wk ChWk Ch %RSIST ScoreLT ScoreOverall
Bitcoin26,715.800.9%-180.33-0.7%4242010
Ethereum1,829.551.2%15.860.9%4442010

Bitcoin and Ethereum were barely changed on the week.

Ratio Chart
Secondary Coin Summary

Weekly change – highest to lowest

NameCloseWk Ch %RSIST ScoreLT ScoreOverall
Polygon (Smart Contract Coin)0.914.5%36-750-18
BNB Chain Native Token (Smart Contract Coin)308.42-0.9%43-334728
Cosmos (Smart Contract Coin)10.66-0.3%41-75-88-85
XRP (Smart Contract Coin)0.470.1%458-88-64
Monero (Privacy Coin)150.660.1%47-75-47-54
THORChain (Smart Contract Coin)1.16-1.9%27-83-91-89
Cardano (Smart Contract Coin)0.36-1.5%37-33-88-74
Stellar (Privacy Coin)0.09-1.7%31-75-92-88
Avalanche (Smart Contract Coin)14.39-2.4%29-92-91-91
ChainLink (Cross Chain Coin)6.35-2.5%33-75-88-85
Polkadot (Cross Chain Coin)5.25-2.3%33-75-92-88
DogeCoin (Memecoin)0.07-3.4%27-83-91-89
Solana (Smart Contract Coin)19.44-4.9%39-75-88-85
The Sandbox (Gaming Coin)0.52-4%33-75-88-85
Near (Smart Contract Coin)1.59-5.2%29-83-91-89
Decentraland (Gaming Coin)0.47-5.3%31-75-88-85
Theta Token (Gaming Coin)0.85-7.6%28-92-91-91
Fantom (Smart Contract Coin)0.33-11.4%29-42-91-79

Secondary coins were generally lower on the week with the exception of Cosmos which rallied 4.5%. The worst performers were Fantom, down11.4%, and Theta, down 7.6%. Only Ripple maintains short term uptrend. Several coins including Chainlink, Polkadot and Cosmos test the bottom of their ranges.

NameCloseDaily Ch %Wk Ch %RSIST ScoreLT ScoreOverall
Ark Innovation ETF39.101.9%1%51-33-88-74
Block Inc59.00-0.5%0.6%44-75-92-88
Coinbase Global Inc Cl A56.920.1%0.2%44-75-92-88
Hive Blockchain Technologies Ltd2.990.3%-2.9%39-334728
Marathon Digital Hldgs Inc8.93-2%-2.7%4442-88-56
Microstrategy Cl A285.101.5%-1.1%4542-41-20
Riot Blockchain Inc10.92-1.4%-1.4%4675018
Robinhood Markets Inc Cl A8.822.6%4.1%40-75-88-85
Tesla Inc193.174.7%7.2%56-33-92-78

Crypto related equities were mixed with Hive and Marathon down just under 3%; most equities under review now trade sideways short term.