3rd December 2023: Weekly Crypto Trends
Crypto Assets
Bitcoin makes new short term highs, Ethereum tests the top of the short term range at 2125.
Secondary coins were generally better on the week, with gains of 19% in Thorchain, 7% in Doge and above 6% in Decentraland and Cosmos. Thorchain tests recent highs, while Cosmos forms short term base and Doge tests the top of the short term range.
Crypto related equities were strongly better on the week, with gains of 20% in Marathon, 18% in Hive,16% in Coinbase and 14% in Riot. Coinbase and Microstrategy make new short term highs, while Riot tests the top of the range at 14. Hive forms short term bases above 3.
News
Ethereum creator Vitalik Buterin added usefully to the debate on AI by saying he agreed with the positive outlook, but he also noted the importance of how AI is developed. Buterin acknowledged the existential risk of artificial intelligence, including causing the extinction of the human race. Everyone is much the wiser now.
New Chief executive of Binance, Teng, said that he is committed to the “Binance way”, namely to “consistently deliver best-in-class products that people use and find valuable.” He also affirmed that Binance’s “core mission” is to deliver “freedom of money” to users. This will definitely encourage Binance users we feel.
Major Coin Summary
| Name | Close | Daily Ch % | Wk Ch | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|---|
| Bitcoin | 38,688.75 | 2.6% | 968.47 | 2.6% | 63 | 50 | 47 | 48 |
| Ethereum | 2,087.14 | 1.7% | 5.99 | 0.3% | 62 | 8 | -41 | -29 |
Bitcoin makes new short term highs, Ethereum tests the top of the short term range at 2125.
Ratio Chart
Secondary Coin Summary
Weekly change – highest to lowest
| Name | Close | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|
| THORChain (Smart Contract Coin) | 6.46 | 18.9% | 73 | 92 | 0 | 22 |
| DogeCoin (Memecoin) | 0.08 | 7.2% | 62 | 8 | -88 | -64 |
| Cosmos (Smart Contract Coin) | 9.46 | 6.3% | 67 | -33 | -88 | -74 |
| Decentraland (Gaming Coin) | 0.44 | 6.3% | 62 | 42 | -88 | -56 |
| Polygon (Smart Contract Coin) | 0.80 | 5.2% | 62 | 42 | -88 | -56 |
| Solana (Smart Contract Coin) | 59.80 | 5.2% | 69 | 75 | 0 | 18 |
| Fantom (Smart Contract Coin) | 0.31 | 4.4% | 63 | 42 | -88 | -56 |
| Avalanche (Smart Contract Coin) | 21.86 | 4.7% | 77 | 83 | -85 | -44 |
| Polkadot (Cross Chain Coin) | 5.48 | 4.4% | 65 | 8 | -92 | -67 |
| Near (Smart Contract Coin) | 1.89 | 3.1% | 69 | 42 | -88 | -56 |
| ChainLink (Cross Chain Coin) | 14.98 | 3.6% | 65 | 75 | 0 | 18 |
| The Sandbox (Gaming Coin) | 0.42 | 2.2% | 62 | -33 | -88 | -74 |
| Stellar (Privacy Coin) | 0.12 | 1.5% | 54 | 8 | -45 | -32 |
| Cardano (Smart Contract Coin) | 0.38 | -0.5% | 67 | 42 | -88 | -56 |
| Monero (Privacy Coin) | 171.57 | 0.7% | 60 | 8 | -41 | -29 |
| Theta Token (Gaming Coin) | 1.00 | 0.7% | 67 | 42 | -88 | -56 |
| BNB Chain Native Token (Smart Contract Coin) | 228.55 | -1.9% | 51 | -42 | -88 | -77 |
| XRP (Smart Contract Coin) | 0.61 | -1.4% | 56 | 8 | 7 | 7 |
Scondary coins were generally better on the week, with gains of 19% in Thorchain, 7% in Doge and above 6% in Decentraland and Cosmos. Thorchain tests recent highs Cosmos forms short term base and Doge tests the top of the short term range.
| Name | Close | Daily Ch % | Wk Ch % | RSI | ST Score | LT Score | Overall |
|---|---|---|---|---|---|---|---|
| Ark Innovation ETF | 48.43 | 5% | 7.9% | 70 | 17 | -92 | -65 |
| Block Inc | 65.04 | 2.5% | 9% | 77 | -25 | -92 | -76 |
| Coinbase Global Inc Cl A | 133.76 | 7.2% | 15.8% | 79 | 92 | -45 | -11 |
| Hive Blockchain Technologies Ltd | 3.47 | 13% | 18% | 51 | -75 | 0 | -18 |
| Marathon Digital Hldgs Inc | 13.70 | 14.5% | 20.1% | 66 | -33 | -88 | -74 |
| Microstrategy Cl A | 527.68 | 5.9% | 1.4% | 65 | 83 | 88 | 87 |
| Riot Blockchain Inc | 13.77 | 9.7% | 14.6% | 63 | -33 | -41 | -39 |
| Robinhood Markets Inc Cl A | 9.32 | 5.9% | 12.4% | 50 | -75 | -92 | -88 |
| Tesla Inc | 238.83 | -0.5% | 1.4% | 58 | -75 | -92 | -88 |
Crypto related equities were strongly better on the week, with gains of 20% in Marathon, 18% in Hive,16% in Coinbase and 14% in Riot. Coinbase and Microstrategy make new short term highs, while Riot tests the top of the range at 14. Hive forms short term bases above 3.