Bitcoin price fills the extended gap between its close and the Tenkan-Sen, but the slope of the rise may indicate a deeper move south is likely. Ethereum price moved below its Tenkan-Sen and is near the weakest part of the Cloud – the Kumo Twist. Finally, Ripple price is the only cryptocurrency out of the three reviewed in this article that may show some contrarian price action and may move higher rather than lower.
A new Safemoon wallet update was pushed out last week; the development team has upgraded the wallet with new features. Safemoon wallet’s beta testers consider it easy to use for beginners; recently, the BNB direct buy feature was added. Within 24 hours of its launch, the Safemoon wallet ranked in the top 25 applications on the AppStore. The dominance of large wallet investors is less than 15%, which implies Safemoon is accessible to retail traders, unlike DOGE or SHIB.
Beta testers of the #SAFEMOONWALLET should have the BNB direct-buy button.
P.S. I will be at the Silicon Slopes Summit in Utah.
— John Karony (@CptHodl) October 10, 2021
Cardano price has been on an exponential run in 2021, which seems to have exhausted its momentum. After the second swing high on August 30, ADA is now undergoing a full-blown retracement. While this correction started roughly a month ago, more seems to be on its way for the so-called “Ethereum-killer.”