Cryptocurrency prices had a relatively strong week as demand for some coins remained at an elevated level. Bitcoin remained steady at $20,000 while the total market cap of all coins surged to more than $1 trillion. The biggest crypto news was the decision by Meta to integrate NFTs in Instagram using blockchains like Polygon and FlowÂ
Perpetual Protocol (PERP)
Perpetual Protocol is a leading decentralized exchange (DEX) that focuses on perpetual futures. For starters, a perpeutual future is a financial derivative that is different from other futures products. The difference is that these futures don’t have an expiry date.
PERP price has been in a consolidation phase in the past few days. It has remained between the important resistance level at $0.58 and the support at $0.517. It made a big breakout on Thursday as it jumped to the highest level since October 16.Â
Perpetual Protocol price has made a strong rebound and moved above the resistance at $0.58 and the 25-day and 50-day moving averages. The Relative Strength Index (RSI) has moved above the key overbought level.
Therefore, PERP will likely be a bit volatile during the weekend. My base case is that the coin will retreat to a low of $0.51 and then resume the bullish trend.
How to buy Perpetual Protocol
Bitstamp
Bitstamp is a leading cryptocurrency exchange which offers trading in fiat currencies or popular cryptocurrencies.
Bitstamp is a fully regulated company which offers users an intuitive interface, a high degree of security for your digital assets, excellent customer support and multiple withdrawal methods.
Binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.
Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
Solana (SOL)
Solana has been in a strong bullish trend in the past few weeks. It has managed to move from a low of $26.90 to a high of $32. It got supercharged this week after Meta Platforms unveiled its NFT project for its Instagram product. Initially, the company will be on Polygon, the biggest layer-2 network in the industry.
Solana price remains slightly above the 50-day moving average while the RSI has moved above the neutral point of 50. It has also formed an inverted head and shoulders pattern. Therefore, there is a likelihood that SOL price will keep rising during the weekend.
How to buy Solana
eToro
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Binance
Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600.
Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.
Bitgert (BRISE)
Bitgert price had a mixed week. BRISE price initially crashed hard after Google delisted its application from the App Store. The coin then bounced back after a series of announcements. For example, it got listed by CoinX, making it available in one of the leading exchanges.Â
Bitgert also partnered with ONTO Wallet, which is a decentralized, cross-chain wallet that makes it possible for users to manage their identities. Bitgert also changed the name of its wallet service to Nabox Wallet. Therefore, there is a likelihood that Bitgert will see a significant increase in activity during the weekend.
How to buy Bitgert
As BRISE is such a new asset, it’s yet to be listed on major exchanges. You can still purchase BRISE using a DEX (decentralised exchange) though, which just means there are a few extra steps. To buy BRISE right now, follow these steps:
1. Buy BNB on a regulated exchange or broker, like Binance ›
We suggest Binance because it’s one of the world’s leading multi-asset trading platforms, an exchange and wallet all-in-one with some of the lowest fees in the industry. It’s also beginner-friendly, and has more payment methods available to users than any other available service.
2. Send your BNB to a compatible wallet like Trust Wallet or MetaMask
You’ll need to create your wallet, grab your address, and send your coins there.
3. Connect your wallet to the 1Inch DEX
Head to 1Inch, and ‘connect’ your wallet to it.
4. You can now swap your BNB for BRISE
Now that you’re connected, you’ll be able to swap for 100s of coins including BRISE.
