Crypto Price Forecast: Over the past two weeks, the largest cryptocurrency by market capitalization, Bitcoin has continuously surpassed its own record, reaching a new high of $73571 on Wednesday. According to the Santiment data, this bullish trend coincided with a notable increase in the number of small Bitcoin wallets, specifically those holding less than 0.1 BTC, which saw a growth of 277,000 wallets. In contrast, the count of larger Bitcoin wallets, specifically those with more than 1K BTC, decreased by 105.
The rebound observed in the Bitcoin price had a positive impact on the broader altcoin market, with many leading coins experiencing an upswing that drove them to test previous highs. Alongside BTC’s surge, THORChain and Dogwifhat coin emerged as top winners today, gaining significant traction among momentum traders.
Also Read: Crypto Prices Today March 13: Bitcoin at $72K, Ethereum at 4000, Pepe Coin and Toncoin Boom
1) Bitcoin (BTC)
Bitcoin (BTC) is the first and most famous cryptocurrency that works on a distributed ledger technology that records all transactions across a network of computers in a secure, transparent and immutable manner. The digital asset has recently seen a massive inflow of investment from traditional assets through the recently launched 10 BTC ETFs.
Recent data shared by @WuBlockchain reveals a record-breaking day for Bitcoin spot ETFs on March 12, with net inflows of $1.05 billion, a significant jump of 56% from the previous peak in February.
As of the latest update, Bitcoin price is trading at $73188, marking a change of 2.36% over the last 24 hours. The market capitalization currently stands at $1.44 trillion, with a 24-hour trading volume of $64. billion.
As Bitcoin is currently in a price discovery mode, the traditional pivot levels point to notable resistance levels at $77700 and $91500. From a technical perspective, BTC recently displayed a key support level at $69275, followed by $63200.
Also Read: Bitcoin Price: Will Bitcoin Reach $80,000 Before Halving
2)THORChain (RUNES)
Thorchain is a decentralized liquidity protocol that allows users to exchange cryptocurrencies across multiple networks without losing custody of their assets. Unlike other decentralized exchanges that operate within a single blockchain ecosystem, Thorchain facilitates cross-chain exchanges, making it a pivotal project in the field of interoperability.
RUNE, the native cryptocurrency of the Throchain network, has recently seen a massive inflow, as evidenced by the eight green candles in the daily chart. The positive upswing lifted the coin value from $4.92 to $11.3, registering 130% growth.
In the last 24 hours, the trading volume in the RUNE token reached $1.28 billion, while the market capitalization stood at $3.82 billion.
If the recovery momentum continues, the THORChain price could chase a potential target of $13.3, followed by $17.2. Conversely, the daily chart shows key support levels at $9.9 and $8.2.
Also Read: Crypto Price Prediction: Top Tier 2 Tokens to Watch Ahead of Ethereum Dencun Upgrade
3) Dog Hat (WIF)
Dogwifhat, symbolized as WIF, is a cryptocurrency that has attracted attention in the meme coin category, especially among enthusiasts on the Solana blockchain. It draws its unique appeal from meme culture, specifically inspired by images of dogs wearing hats, which captures the playful and whimsical side of the crypto community.
At press time, Dogwifhat is trading at $2.22 with a 24-hour trading volume of $410 million. Dogwifhat boasts a market capitalization of $2,212,689,560, placing it as the 60th cryptocurrency by market capitalization ranking.
Amidst the recent Memecoin Mania in the crypto market, Dogwifhat showed a notable performance as the price rose from $0.287 to $2.23 and registered 678%. As assets rise in a price discovery mode, the buyers may face supply pressure at psychological levels of $2.5 and $3, while immediate support stands at $1.8 and $1.31.
Also Read: Binance Waives Fees for DOGE, SHIB, PEPE, BONK, WIF, FLOKI Meme Coins
take away
The leading digital asset is riding steady growth, accompanied by increasing demand from the traditional market and whale accumulation. Thus, the overall market movement underscores growing investor confidence that lifts the altcoin in a similar momentum. Such trends allow traders to focus on breakout strategies that are often quick in nature compared to the pullback accumulation.
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Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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