The Cryptocurrency industry became stable on Wednesday morning as some investors went inside and bought a dip. Banana gun (banana) increased from 42% to $ 15.7, which led to a seven -day profit. Onexcin (XCN) token rose 17.15% to $ 0.01352, while Hedra Hashgraph (HBAR) increased from 7% to $ 0.20. Other top performing coins were Arkham (Arkam) and bounce tokens.
Bitcoin price rises to $ 83,000
The first is the main reason that Ultcoin, such as banana guns, onexoin, and Hedera Hashgraph Rose, is that Bitcoin jumped back from a $ 76,000 low of this week and reached a high of $ 83,000. In most cases, when the price of bitcoin is increasing, altcoins do well.
Bitcoin increases as investors responded to reducing trade tension between the United States and Canada. In a statement on Tuesday, Donald Trump vowed to double his steel and aluminum tariffs from CanadaCiting the Governor of Ontario, citing the decision to increase the power prices by 25%.
Troubled by that decision, Trump warned that his 50% tariffs would be kicked today. He also indicated that the double car would be more than the import tariff, a step that he argued that it would reduce the auto sector of the country.
Bitcoins and Altcoin such as banana guns, Onexcoins and Hedera Hashgraphs said daily after the Secretary of the Department of Commerce said that he would talk with the Governor of Daug Ford, Ontario on these tariffs today. He also suspended his decision to increase electricity prices.
Dip
Banana gun, oxicoin and Hedera Hashgraph prices increased such as ultcoin increased as investors bought a dip after the crash of these tokens.
In addition, the three are some of the solid basic things behind them. For example, the Securities and Exchange Commission (SEC) will approve a spot Hedera Hedra ETF, this year has been high this year. Such approval will demand more demand from investors. Ahead, Swift Network announced a partnership with Hedera Last week.
The price of banana gun jumped as investors bought a dip due to their strong basic things. For example, the banana gun’s ecosystem had a daily volume of $ 44.8 million on Saturday. Most of this volume was in the base, layer -2 network by the coinbase.
There is not much to please in this market, but let’s focus on good things! Sadly does not help anyone. Banana Gun was a magnificent weekend volume-wise due to a hyped launch on the base. Is Aadhaar lifting normally? Banana gun on Saturday on a total part of $ 44.8m,…
After being listed by the Benance Futures Next Project, the price of OnexCoin increased, where users can vote for its listing.
Dead cat bounce
The third reason is that these ultCons such as banana guns, onxicine and headra are increasing that it can be a dead cat bouncing (DCB). A DCB is a condition where a property in a freefolm creates a brief rebound and then resumes the trend at the bottom. These bounces are often seen as a bull trap because they trick retail traders to bury a dip and then prices resumes downwards.
Banana gun, Hedera and Possible Catalyst For Onxcoin
Looking forward, there are two potential catalysts for these coins. First, the US will publish the latest consumer inflation figures on Wednesday that will play a role in the decisions of the next Federal Reserve Interest Rate. Second, the lunar eclipse will take place on 13/14 March. In most cases, the property increases after the eclipse.
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