Published in


Gekkoin crypto analitics review 18.09.2020

General fundamental background

There have been no significant changes in the list of fundamental market aspects over the past week. Crypto investors keep focusing on the DeFi sector and its biggest tokens, actively listed by the major crypto exchanges such as Binance. It’s obvious that until the end of 2020, the sector will set the entire crypto market tone, while the price dynamics of the leading DeFi tokens will influence the main cryptocurrencies and altcoins.

At the moment, the crypto assets prices are moving mostly with neutral dynamics, without significant growth or fall. Largely due to the lack of fresh liquidity in the market. Retail and institutional investors await for clear signs from BTC for further growth or decline. I believe as soon as BTC returns to its highs at the $12 000 area, or corrects below $10 000 market volatility will rise again.

Technical market view


The BTC rate is gradually growing towards the trend line, which can appear to be a resistance. After reaching the $11 500 level, I expect the BTC rate to drop to the $10 500 level. Generally, the asset keeps neutral dynamics.


The ETH token keeps positive dynamics and within the uptrend may reach the level of $430 in the next few days. Alike as the last week, the further price change will depend on the entire market dynamics and BTC and the DeFi sector primarily.


The XMR uptrend is strong enough still, there are no signals of an imminent correction yet, so the Monero rate may retest the resistance at the $100 level in the coming days.

Victor Pershikov, MFTA
Lead analyst of 8848 Invest



-- — invest in cryptocurrency with risk protection and higher returns than bank deposits can offer.

Recommended from Medium

How to Farm $MEME x Badger DAO NFTs

The Complete Guide to Floki Inu Memecoin, the Hot New Cryptocurrency

How to create and sell your own #NFT on Ethereum in #OpenSea in 5 simple steps.

BitOffer: Epochal revolution caused by cryptocurrenies

Proof of Performance — Prototype of the world first blockchained index publisher, Part 2

Glitter Finance: Introducing $XGLI Token Utilities and Value Proposition

Equity Markets vs. Cryptocurrency Markets: Weekly Performance Review, Feb. 10–16

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Simon Rippley

Simon Rippley

More from Medium

Do cryptocurrencies offer diversification benefits?

Bitcoin Currently at $38,700

Bitcoin is not a blockchain. What is blockchain? What is bitcoin?

Why DAOs are the Future of Finance?