Consumer Credit Application 2014-2021: Fill & Download for Free

Lets not confine it to 10 Steps.FINANCIAL DECISIONS (25 MARCH - 30 JUNE 2020)If i was the Prime Minister. I would first take the bold decision to Helicopter Print Currency of Rs. 3.5 Trillion at the rate of Rs. 700 Billion in 2020–2021, 700 Billion in 2021–2022 etc until 2024–2025I would then ask the RBI to create an electronic deposit to balance this currency to be printed - of Rs. 3.5 Trillion to 7 Public Sector Banks at the rate of 0% interest - the banks being SBI, Bank of India, Punjab National Bank, Indian Bank, Canara Bank, Syndicate Bank, Union Bank of India.Each Bank would get between Rs. 200 Billion - Rs. 600 Billion of Credit into an Account called GOVT OF INDIA COVID 19 ACCOUNT which will NOT be a part of the Banks Assets and Liabilities.The CVO of Each Bank would be instructed to form a Committee comprising of the CVO, Any 2 General Managers of the Bank designated by the CVO, 2 Officials of the Finance Ministry designated by the PM, 2 Officials of the RBI designated by the RBI Governor and the FM and 2 Members of the Board of the Bank (With the exception of the Chairman/CEO of the Bank)This 9 member committee shall Audit this Special Account which shall be separately Audited by the CAG. I shall pass an ordinance to the effect to tweak the requisite acts until 31 December 2020.Now this newly created electronic deposit will raise the M4 Supply of India which may cause inflation of upto 7 - 12% but with the restriction on supply of goods due to COVID 19 upto July - August 2020 - i would expect inflation to be much lower.Now i have Rs. 3.5 Trillion of Money covered by RBIs Printing of 700 Billion of Currency for the next 5 years ready and deposited into 10 PSU Banks by the RBI at 0% interest to be used for the COVID 19 Program. This money will not be a part of the Banks Assets and Liabilities and since the Bank does not have to pay any interest on this money and since the bank cannot use a penny of this money for lending to its customers - the money is essentially a Govt of India Special Account.Now The First thing i would do would be to :-(a) I would do what Donald Trump did. I would deposit Rs. 9000/- for 3 months- April, May and June 2020 - into the accounts of 500 Lakh MNREGS workers. This would come to Rs. 45000 Crores(b) I would further deposit Rs. 13500/- for 3 months - April, May, June 2020 into the accounts of 30 Lakh Migrant Workers. This would come to Rs. 4050 Crores(c) I would then order the Banks to give Moratorium for 3 months to all Customers who have outstanding loans for the months of April, May and June 2020 - and pay the interest component of this moratorium to all those customers who have an average taxable income over the last 5 years of Rs. 20 Lakhs or Less. This will come to Rs. 55000 Crore(d) I would realize that many individuals especially self employed individuals will suffer heavily due to lockdowns so i would give Tax Credits ranging from Rs. 25000/- to Rs. 1,00,000/- to Individuals working in the Retail Industry, Self Employed Individuals, Individuals from the Restaurant Industry. Tax credits mean if my total taxes to be paid is Rs. 3,50,000/- and if i have a tax credit of Rs. 1,00,000/- then i only have to pay Rs. 2,50,000/-. If my taxes are lesser than the tax credit i am eligible for - my taxation for the whole year is waived. This would cost the GOVT OF INDIA COVID 19 ACCOUNT a sum of Rs. 97500 Crore for 1 Crore Individuals(e) I would reserve a sum of Rs. 40,000 Crore for Payments of Guaranteed Insurance of Rs. 40 Lakh for the death of a Doctor fighting COVID 19, Rs. 10 Lakh for a Nurse fighting COVID 19 and Rs. 2.5 Lakhs to Orderlies and Ambulance Drivers. The sum will be credited to their next of kin within 14 days of death.(f) I would instruct the Banks to issue a Loan of Rs. 75,000 Crore at 2.5% per Annum with payment starting from 1 January 2022 (Since this money was got at 0% interest - no issue with this interest rate). The Loan will be issued to MSMEs whose Products have a Consumer Demand of at least 75% of its value in 2016 but which have had substandard Loans (But not NPA) since 2019 January in the Agricultural Sector, Farming Sector, Food Production Sector etc.The rest of the money i will reserve for the future which may include filling up the holes caused by Demonetization and COVID 19.ADMINISTRATIVE REFORMS(a) Banks to replace Clerical Staff aged 50 and above from Bank Branches to Head Offices, Zonal Offices etc and to send in their stead young clerical staff from these Head Offices and Zonal Offices to do Branch Duty until at least 30 June 2020.(b) Testing will be done only for Cases which present Respiratory Difficulties or SARI and not for normal Viral Fever Symptoms. Contact Testing will be done only for Contacts who have been in contact with the Positive Patient for a minimum of 4 Hours.(c) CBSE School Classes to commence from 1st September 2020 for all classes. Board Exams for Class X and Class XII for the year 2021 to be conducted from 1st June - 15th July 2021 (Instead of Feb - March 2021)(d) Home Delivery of Liquor allowed in All States with no more than 2000 Active Cases of COVID 19. No Retail purchase allowed. Liquor Sale allowed in All States with no more than 300 Active Cases of COVID 19. No Home delivery of Alcohol or Retail Purchase allowed in States with more than 2000 Active Cases of COVID 19(e) All Retail Establishments (Non Essential) may be open 3 days a week (Mon/Wed/Fri) or (Tue/Thur/Sat) for 4 Hours a week from 9 AM - 1 PM or from 1 PM - 5 PM depending on the time slot and 3 Day Slot given to them online by the State Govt or Municipal Corporation.(f) Competitive Exams like IIT JEE 2020 will be conducted after 1st September 2020(g) Vista Project will be postponed by 1 year - to be green lighted by 1st May 2021.JUDICIAL REFORMS(a) Cheques issued with date of 27th March 2020 until 31st August 2020, in the event of being bounced cannot be addressed under Section 138 NI Act. Beneficiaries of such cheques can demand for Drafts or RTGS transfers instead. However Electronic Transfers can be addressed under the specific act.(b) No Public Interest Litigations may be filed in SC or HC until 31st August 2020.(c) No PIL may be heard by SC or HC until 31st August 2020(d) Mandatory Anticipatory Bail for Cash Surety of Rs. 1000/- to Rs. 5000/- for Criminal Cases where the Maximum Imprisonment for the Most Serious Case is less than or equal to 3 years.(e) Mandatory Anticipatory Bail for Cash Surety of Rs. 10,000/- to Rs. 25,000/- for Criminal Cases where the Maximum Imprisonment for the Most Serious Case is more than 3 years but less than or equal to 10 years provided the case does not involve loss of life, limb or permanent disability to any victim.(f) Public and Media mandatorily be excluded from any court hearing until 31 December 2020.(g) Mandatory Anticipatory Bail for persons with Terminal Illness until 31 Dec 2020BANK REFORMS(a) Any Loan Approved or Extended by a Credit Committee of at least 5 People headed by an Officer of At Least CGM Designation will be immune from Criminal Investigation in case of default if the resolution of such a committee is unanimous and if the Board Committee approves of the loan wherever applicable.(b) CBI and ED are prevented from attaching any assets of any individual or company for a period of 180 days from registering the FIR and after 180 days with a warrant issued by a Judge by Special Court provided the CBI/ED are able to provide Prima Facie evidence. The Directors of the Defaulting company will have to surrender their passports to be eligible for this waiver period(c) All Home Loans will be extended to 40 Years but with no prepayment penalty. Borrowers will be allowed to opt for shorter terms but 40 years is by default. All Housing Loans issued on or after 1/1/2014 will be eligible for this scheme where EMIs will reduce.(d) NPA Declaration Period for Housing Loans, Loans with sufficient Collateral will be increased from 3 months to 6 - 18 months.(e) Tax Deduction for Home Loan Principal and Interest increased from Rs. 1.5 Lakhs a year to Rs. 6 Lakhs a year.(f) Mandatory Anticipatory Bail to Bank Employees arrested for Fraud subject to Quantum of Fraud being less than or equal to Rs. 10 Crore.

About SBI CardsThey are the second-largest credit card issuer in India, with an 18.0% market share of the Indian credit card market in terms of the number of credit cards outstanding as of September 30, 2019, and a 17.9% market share of the Indian credit card market in terms of total credit card spends in the six months ended September 30, 2019. (RBI Data) From March 31, 2017, to March 31, 2019, its total credit card spends grew at a 54.2% CAGR (as compared to a 35.6% CAGR for the overall credit card industry, according to the RBI) and the number of credit cards outstanding grew at a 34.5% CAGR.HistoryCommenced operations in 1998 as a joint venture between SBI and GE Capital. Received RBI approval to operate as a non-banking financial institution on October 6, 1998. GE Capital’s ownership stake in SBI Cards was acquired by SBI and CA Rover Holdings in 2017.5 Facts to knowThey deploy a sales force of 33,086 outsourced sales personnel (Sept 2019) operating out of 133 Indian cities. Out of the aforesaid outsourced sales personnel, they have 4,350 outsourced workforces for tele-sales.They engage prospective customers through multiple channels, including physical points of sale in bank branches, retail stores, malls, fuel stations, railway stations, airports, corporate parks and offices, as well as through tele-sales, online channels, email, SMS marketing and mobile applications.They are the leading player in open market customer acquisition in India according to CRISIL Report.Presence in 3,009 open market points of sale across India.Partnership with SBI provides them with access to SBI’s extensive network of 22,007 branches across India, which enables marketing credit cards to SBI’s vast customer base of 436.4 million customers as of March 31, 2019.Management TeamManaging Director and Chief Executive Officer, Mr. Hardayal Prasad, has over 36 years of experience in the financial services industry.How does SBI Cards earn money?They focus on two main financial needs: transactional needs and short term credit. The revenue derived from credit card products consists primarily of interest on credit card receivables and non-interest income primarily comprised of fee-based income such as interchange fees, late fees, annual credit card membership fees and other fees.They extend credit to cardholders through revolving credit card accounts at standard terms. Their cardholders have the option to “revolve” their balances or convert their balances into monthly installments and repay their obligations over a period of time and at a fixed interest rate set forth in their cardholder agreements. They assign each card account a credit limit when the account is initially opened.They typically charge cardholders an annual credit card fee for credit cards. In addition to periodic interest charges, they also charge cardholders other fees as specified in the cardholder agreements. These fees may include fees for late payments where a cardholder has not paid at least the minimum payment due by the required due date, returned checks and balance transfer transactions. These fees are based on a standardized schedule and can vary based on the type of merchant.Apart from interest and fees from cardholders, they also receive interchange fees from the merchant acquirer that settles their cardholders’ transactions with merchants and as business development incentives from the payment networks. Interchange fees comprised 21.1% and 21.9% of total revenue from operations in the six months ended September 30, 2018 and 2019, respectively, and 22.5% in fiscal 2019, 21.5% in fiscal 2018 and 19.3% in fiscal 2017.Lifecycle of a credit card transactionA typical credit card transaction begins when a cardholder purchases goods or services from a merchant using SBI Cards credit card.After the transaction is authorized by the credit card issuer through the payment network, the credit card issuer pays the purchase amount to the payment network net of interchange fees.The payment network, in turn, then pays the purchase amount to the acquirer.Finally, the acquirer pays the purchase amount to the merchant net of acquirer fees.Financial Statement AnalysisIn every result declared, firm has been writing down 15% as bad debts and impairment. That’s because they are into unsecured lending but NPAs are contained as the size is huge.Findings from FinancialsPeer Set GlanceThey have a broad credit card portfolio that includes SBI Card-branded credit cards as well as co-branded credit cards that bear both the SBI Card brand and their co-brand partners’ brands.Objects of IssueOffer for sale for exiting investor and fresh issue funds to augment capital base (Capital adequacy ratios)Industry and CompetitionThere are a total of 74 players offering credit cards in India, with the top three private banks (HDFC Bank, Axis Bank, and ICICI Bank) and SBI Card, as the leading pure-play credit card issuer, dominating the credit card business with a total of ~72.0% market share by number of outstanding credit cards as of March 2019 and approximately 66.0% market share by credit card spends in the fiscal year 2019.Leaders by Market ShareLeaders by Card SpendsHDFC Bank is the market leader and has maintained its market share in the number of outstanding credit cards at approximately 27.0% over the years, followed by SBI Card at 18.0%, ICICI Bank at 14.0% and Axis Bank at 13.0%. The market share of SBI Card in terms of total outstanding cards has continuously increased over the years from 15.0% in fiscal 2014 to 18.0% in fiscal 2019.The next six players, after the top four, together accounted for 22.0% of outstanding credit cards in fiscal 2019. New players such as RBL Bank have been emerging strongly mainly on the back of co-branded cards. RBL Bank now accounts for approximately 4.0% of the credit card market. Foreign players such as Citi Bank has been losing market share over the years from 13.0% in fiscal 2014 to 5.0% in fiscal 2019 owing to aggressive growth from private banks and new players in the market.Acquisition PriceSupporting InfraThe Point of Sale (POS) infrastructure in India has more than doubled over the past five years from 1.1 million in fiscal 2014 to 3.7 million in fiscal 2019, but it remains weak in terms of availability. According to RBI Payment and Settlement System in India (Vision 2019-2021), acceptance infrastructure, particularly POS terminals, mobile POS and asset-light terminals, as a percentage of the total number of debit and credit cards is low. Hence there is a need to increase the penetration of acceptance infrastructure in the country. RBI expects to have 5.0 million active POS by the end of 2021.RisksOver 486 Tax proceedings against SBI (promoter) of Rs 39056 Cr (Net worth of SBI cards was 4381 Cr in 6MFY20)Poor economic conditions reduce the usage of credit cards and the average purchase amount of transactions on credit cards, both of which reduce interest and fee incomes.Promoter (SBI) is selling a partial equity stake through this offering. Although Promoter would require the RBI’s approval to relinquish control in SBI Cards, they cannot assure that SBI would not divest additional equity stakes in SBI cards in the future. Therefore, SBI Cards cannot assure that they will continue to enjoy the same level of support from SBI in the future. This could also hamper certain of decision-making processes and could result in sudden or unexpected changes in management, corporate policy and strategic direction, each of which could adversely affect them. (Support was - in its capacity as a commercial banking institution, SBI had extended working capital loans and non-convertible debentures to SBI cards, out of which ₹97,666.01 million remained outstanding as of September 30, 2019. SBI has also contributed several members of SBI Cards’ key management personnel, and have also leveraged Promoter’s existing infrastructure and management expertise to support some of the business functions such as IT infrastructure, compliance and risk management, human resources and support for certain information systems. They also benefit from certain pricing advantages derived from Promoter’s size and scale in negotiating third-party vendor contracts, where they may in certain instances obtain more attractive group rate discounts than could have obtained otherwise. Finally, the Promoter is also the sponsor bank for one of the payment network agreements, and withdrawal of Promoter’s support from this arrangement and inability to find another sponsor bank may result in a disruption of that payment network agreement. SBI Cards arrangements with Promoter are not exclusive. As a result, the Promoter (SBI Bank) could enter into similar or competing relationships with third parties, including competitors. In addition, the agreements governing arrangements with Promoter allow Promoter to terminate such agreements upon notice without cause. The termination of any of such arrangements could have a material adverse effect)Competition with other credit card issuers and payment solutions providers such as banks, payment banks, NBFCsand financial technology enterprises on the basis of a number of factors, including brand, reputation, customer service, product offerings, incentives, pricing, technology, and other terms. In particular, mobile, e-wallet and tokenization platforms, including the increasingly prevalent unified payments interface platform, present formidable competition as they are able to attract large payment volumes at low or no payment processing fees to merchants.In fiscals 2019, 2018, and 2017, new accounts acquired from Promoter’s customer base accounted for 55.2%, 45.5%, and 35.2%, respectively, of total new accounts.Credit RatingsCurrently rated AAA and A1+ by both CRISIL and ICRA.Positive TriggersIndia’s per capita GDP is expected to grow at a CAGR of 6.0% over the next five years till Rs. 142,000 in fiscal 2024.According to CRISIL Research, India’s median population age is estimated at 28.4 years in the calendar year 2020. Indonesia and South Africa are the only countries which has median population age closer to India at 29.5 years and 27.6 years, respectively. Japan had the highest median population age of 48.4 years. With a low median age, India holds the advantage of having an increased working population going forward. This population group is aspirational which will contribute to private consumption and GDP growth rate. The figure below depicts the median age for India as compared to other countries in the calendar year 2020.Credit Penetration set to improve as there is a huge scope.Unsecured loans, which comprise of credit cards, personal and consumer durables loans, is a strong growth driverof retail credit. Compared to retail credit, unsecured loans have grown at a faster pace in India at a CAGR of 28.0% to reach approximately 5.0 trillion unsecured loans as of fiscal 2019. For many customers, especially millennials (persons below 30 years of age), unsecured loans would be the first form in which they access credit.Discretionary spending set to increase due to more millennial populationDigital ThemeChart Sources - DRHP of SBI Cards filed with SEBIExcel Charts - Made by me.Analysis - done by me.Hope this helps,Aditya Kondawar

More information about the Top 5 Cryptocurrencies By 2021, as well as other valuable Cryptocurrencies, can be Found Here.The 10 Most Important Cryptocurrencies Other Than BitcoinBitcoin has not just been a trendsetter, ushering in a wave of cryptocurrencies built on a decentralized peer-to-peer network, it’s become top 5 cryptocurrencies by 2021 de facto standard for cryptocurrencies, inspiring an ever-growing legion of followers and spinoffs.What Are Cryptocurrencies?Before we take a closer look at some of these alternatives to Bitcoin, let’s step back and briefly examine what we mean by terms like cryptocurrency and altcoin. A cryptocurrency, broadly defined, is virtual or digital money which takes top 5 cryptocurrencies by 2021 form of tokens or “coins.” While some cryptocurrencies have ventured into top 5 cryptocurrencies by 2021 physical world with credit cards or other projects, top 5 cryptocurrencies by 2021 large majority remain entirely intangible.The “crypto” in cryptocurrencies refers to complicated cryptography which allows for top 5 cryptocurrencies by 2021 creation and processing of digital currencies and their transactions across decentralized systems. Alongside this important “crypto” feature of these currencies is a common commitment to decentralization; cryptocurrencies are typically developed as code by teams who build in mechanisms for issuance (often, although not always, through a process called “mining”) and other controls.Cryptocurrencies are almost always designed to be free from government manipulation and control, although as they have grown more popular this foundational aspect of top 5 cryptocurrencies by 2021 industry has come under fire. The currencies modeled after Bitcoin are collectively called altcoins, and in some cases “shitcoins,” and have often tried to present themselves as modified or improved versions of Bitcoin. While some of these currencies may have some impressive features that Bitcoin does not, matching top 5 cryptocurrencies by 2021 level of security that Bitcoin’s networks achieves has largely yet to be seen by an altcoin.Below, we’ll examine some of top 5 cryptocurrencies by 2021 most important digital currencies other than Bitcoin. First, though, a caveat: it is impossible for a list like this to be entirely comprehensive. One reason for this is top 5 cryptocurrencies by 2021 fact that there are more than 4,000 cryptocurrencies in existence as of January 2021. While many of these cryptos have little to no following or trading volume, some enjoy immense popularity among dedicated communities of backers and investors.Beyond that, top 5 cryptocurrencies by 2021 field of cryptocurrencies is always expanding, and top 5 cryptocurrencies by 2021 next great digital token may be released tomorrow. While Bitcoin is widely seen as a pioneer in top 5 cryptocurrencies by 2021 world of cryptocurrencies, analysts adopt many approaches for evaluating tokens other than BTC. It’s common, for instance, for analysts to attribute a great deal of importance to top 5 cryptocurrencies by 2021 ranking of coins relative to one another in terms of market cap. We’ve factored this into our consideration, but there are other reasons why a digital token may be included in top 5 cryptocurrencies by 2021 list, as well.1. Ethereum (ETH)The first Bitcoin alternative on our list, Ethereum, is a decentralized software platform that enables Smart Contracts and Decentralized Applications (DApps) to be built and run without any downtime, fraud, control, or interference from a third party. The goal behind Ethereum is to create a decentralized suite of financial products that anyone in top 5 cryptocurrencies by 2021 world can have free access to, regardless of nationality, ethnicity, or faith. This aspect makes top 5 cryptocurrencies by 2021 implications for those in some countries more compelling, as those without state infrastructure and state identifications can get access to bank accounts, loans, insurance, or a variety of other financial products.The applications on Ethereum are run on its platform-specific cryptographic token, ether. Ether is like a vehicle for moving around on top 5 cryptocurrencies by 2021 Ethereum platform and is sought by mostly developers looking to develop and run applications inside Ethereum, or now, by investors looking to make purchases of other digital currencies using ether. Ether, launched in 2015, is currently top 5 cryptocurrencies by 2021 second-largest digital currency by market cap after Bitcoin, although it lags behind top 5 cryptocurrencies by 2021 dominant cryptocurrency by a significant margin. As of January 2021, ether's market cap is roughly 19% of Bitcoin's size.In 2014, Ethereum launched a pre-sale for ether which received an overwhelming response; this helped to usher in top 5 cryptocurrencies by 2021 age of top 5 cryptocurrencies by 2021 initial coin offering (ICO). According to Ethereum, it can be used to “codify, decentralize, secure and trade just about anything.” Following top 5 cryptocurrencies by 2021 attack on top 5 cryptocurrencies by 2021 DAO in 2016, Ethereum was split into Ethereum (ETH) and Ethereum Classic (ETC). As of January 2021, Ethereum (ETH) had a market cap of $138.3 billion and a per token value of $1,218.59.In 2021 Ethereum plans to change its consensus algorithm from proof-of-work to proof-of-stake. This move will allow Ethereum's network to run itself with far less energy as well as improved transaction speed. Proof-of-stake allows network participants to “stake” their ether to top 5 cryptocurrencies by 2021 network. This process helps to secure top 5 cryptocurrencies by 2021 network and process top 5 cryptocurrencies by 2021 transactions that occur. Those who do this are rewarded ether similar to an interest account. This is an alternative to Bitcoin’s proof-of-work mechanism where miners are rewarded more Bitcoin for processing transactions.2. Litecoin (LTC)Litecoin, launched in 2011, was among top 5 cryptocurrencies by 2021 first cryptocurrencies to follow in top 5 cryptocurrencies by 2021 footsteps of Bitcoin and has often been referred to as “silver to Bitcoin’s gold.” It was created by Charlie Lee, an MIT graduate and former Google engineer. Litecoin is based on an open-source global payment network that is not controlled by any central authority and uses "scrypt" as a proof of work, which can be decoded with top 5 cryptocurrencies by 2021 help of CPUs of consumer-grade. Although Litecoin is like Bitcoin in many ways, it has a faster block generation rate and hence offers a faster transaction confirmation time. Other than developers, there are a growing number of merchants who accept Litecoin. As of January 2021, Litecoin had a market cap of $10.1 billion and a per token value of $153.88, making it top 5 cryptocurrencies by 2021 sixth-largest cryptocurrency in top 5 cryptocurrencies by 2021 world.3. Cardano (ADA)Cardano is an “Ouroboros proof-of-stake” cryptocurrency that was created with a research-based approach by engineers, mathematicians, and cryptography experts. The project was co-founded by Charles Hoskinson, one of top 5 cryptocurrencies by 2021 five initial founding members of Ethereum. After having some disagreements with top 5 cryptocurrencies by 2021 direction Ethereum was taking, he left and later helped to create Cardano.The team behind Cardano created its blockchain through extensive experimentation and peer-reviewed research. The researchers behind top 5 cryptocurrencies by 2021 project have written over 90 papers on blockchain technology across a range of topics. This research is top 5 cryptocurrencies by 2021 backbone of Cardano.Due to this rigorous process, Cardano seems to stand out among its proof-of-stake peers as well as other large cryptocurrencies. Cardano has also been dubbed top 5 cryptocurrencies by 2021 “Ethereum killer” as its blockchain is said to be capable of more. That said, Cardano is still in its early stages. While it has beaten Ethereum to top 5 cryptocurrencies by 2021 proof-of-stake consensus model it still has a long way to go in terms of decentralized financial applications.Cardano aims to be top 5 cryptocurrencies by 2021 financial operating system of top 5 cryptocurrencies by 2021 world by establishing decentralized financial products similarly to Ethereum as well as providing solutions for chain interoperability, voter fraud, and legal contract tracing, among other things. As of January 2021, Cardano has a market capitalization of $9.8 billion and one ADA trades for $0.31.4. Polkadot (DOT)Polkadot is a unique proof-of-stake cryptocurrency that is aimed at delivering interoperability between other blockchains. Its protocol is designed to connect permissioned and permissionless blockchains as well as oracles to allow systems to work together under one roof.Polkadot’s core component is its relay chain that allows top 5 cryptocurrencies by 2021 interoperability of varying networks. It also allows for “parachains,” or parallel blockchains with their own native tokens for specific use cases.Where this system differs from Ethereum is that rather than creating just decentralized applications on Polkadot, developers can create their own blockchain while also using top 5 cryptocurrencies by 2021 security that Polkadot’s chain already has. With Ethereum, developers can create new blockchains but they need to create their own security measures which can leave new and smaller projects open to attack, as top 5 cryptocurrencies by 2021 larger a blockchain top 5 cryptocurrencies by 2021 more security it has. This concept in Polkadot is known as shared security.Polkadot was created by Gavin Wood, another member of top 5 cryptocurrencies by 2021 core founders of top 5 cryptocurrencies by 2021 Ethereum project who had differing opinions on top 5 cryptocurrencies by 2021 project's future. As of January 2021, Polkadot has a market capitalization of $11.2 billion and one DOT trades for $12.54.5. Bitcoin Cash (BCH)Bitcoin Cash (BCH) holds an important place in top 5 cryptocurrencies by 2021 history of altcoins because it is one of top 5 cryptocurrencies by 2021 earliest and most successful hard forks of top 5 cryptocurrencies by 2021 original Bitcoin. In top 5 cryptocurrencies by 2021 cryptocurrency world, a fork takes place as top 5 cryptocurrencies by 2021 result of debates and arguments between developers and miners. Due to top 5 cryptocurrencies by 2021 decentralized nature of digital currencies, wholesale changes to top 5 cryptocurrencies by 2021 code underlying top 5 cryptocurrencies by 2021 token or coin at hand must be made due to general consensus; top 5 cryptocurrencies by 2021 mechanism for this process varies according to top 5 cryptocurrencies by 2021 particular cryptocurrency.When different factions can’t come to an agreement, sometimes top 5 cryptocurrencies by 2021 digital currency is split, with top 5 cryptocurrencies by 2021 original chain remaining true to its original code and top 5 cryptocurrencies by 2021 new chain beginning life as a new version of top 5 cryptocurrencies by 2021 prior coin, complete with changes to its code.BCH began its life in August of 2017 as a result of one of these splits. The debate that led to top 5 cryptocurrencies by 2021 creation of BCH had to do with top 5 cryptocurrencies by 2021 issue of scalability; top 5 cryptocurrencies by 2021 Bitcoin network has a limit on top 5 cryptocurrencies by 2021 size of blocks: one megabyte (MB). BCH increases top 5 cryptocurrencies by 2021 block size from one MB to eight MB, with top 5 cryptocurrencies by 2021 idea being that larger blocks can hold more transactions within them, and therefore top 5 cryptocurrencies by 2021 transaction speed would be increased. It also makes other changes, including top 5 cryptocurrencies by 2021 removal of top 5 cryptocurrencies by 2021 Segregated Witness protocol which impacts block space. As of January 2021, BCH had a market cap of $8.9 billion and a value per token of $513.45.6. Stellar (XLM)Stellar is an open blockchain network designed to provide enterprise solutions by connecting financial institutions for top 5 cryptocurrencies by 2021 purpose of large transactions. Huge transactions between banks and investment firms that typically would take several days, a number of intermediaries, and cost a good deal of money, can now be done nearly instantaneously with no intermediaries and cost little to nothing for those making top 5 cryptocurrencies by 2021 transaction.While Stellar has positioned itself as an enterprise blockchain for institutional transactions, it is still an open blockchain that can be used by anyone. The system allows for cross-border transactions between any currencies. Stellar’s native currency is Lumens (XLM). The network requires users to hold Lumens to be able to transact on top 5 cryptocurrencies by 2021 network.Stellar was founded by Jed McCaleb, a founding member of Ripple Labs and developer of top 5 cryptocurrencies by 2021 Ripple protocol. He eventually left his role with Ripple and went on to co-found top 5 cryptocurrencies by 2021 Stellar Development Foundation. Stellar Lumens have a market capitalization of $6.1 billion and are valued at $0.27 as of January 2021.7. ChainlinkChainlink is a decentralized oracle network that bridges top 5 cryptocurrencies by 2021 gap between smart contracts, like top 5 cryptocurrencies by 2021 ones on Ethereum, and data outside of it. Blockchains themselves do not have top 5 cryptocurrencies by 2021 ability to connect to outside applications in a trusted manner. Chainlink’s decentralized oracles allow smart contracts to communicate with outside data so that top 5 cryptocurrencies by 2021 contracts can be executed based on data that Ethereum itself cannot connect to.Chainlink’s blog details a number of use cases for its system. One of top 5 cryptocurrencies by 2021 many use cases that are explained would be to monitor water supplies for pollution or illegal syphoning going on in certain cities. Sensors could be set up to monitor corporate consumption, water tables, and top 5 cryptocurrencies by 2021 levels of local bodies of water. A Chainlink oracle could track this data and feed it directly into a smart contract. The smart contract could be set up to execute fines, release flood warnings to cities, or invoice companies using too much of a city's water with top 5 cryptocurrencies by 2021 incoming data from top 5 cryptocurrencies by 2021 oracle.Chainlink was developed by Sergey Nazarov along with Steve Ellis. As of January 2021, Chainlink's market capitalization is $8.6 billion, and one LINK is valued at $21.53.8. Binance Coin (BNB)Binance Coin is a utility cryptocurrency that operates as a payment method for top 5 cryptocurrencies by 2021 fees associated with trading on top 5 cryptocurrencies by 2021 Binance Exchange. Those who use top 5 cryptocurrencies by 2021 token as a means of payment for top 5 cryptocurrencies by 2021 exchange can trade at a discount. Binance Coin’s blockchain is also top 5 cryptocurrencies by 2021 platform that Binance’s decentralized exchange operates on. The Binance exchange was founded by Changpeng Zhao and top 5 cryptocurrencies by 2021 exchange is one of top 5 cryptocurrencies by 2021 most widely used exchanges in top 5 cryptocurrencies by 2021 world based on trading volumes.Binance Coin was initially an ERC-20 token that operated on top 5 cryptocurrencies by 2021 Ethereum blockchain. It eventually had its own mainnet launch. The network uses a proof-of-stake consensus model. As of January 2021, Binance has a $6.8 billion market capitalization with one BNB having a value of $44.26.9. Tether (USDT)Tether was one of top 5 cryptocurrencies by 2021 first and most popular of a group of so-called stablecoins, cryptocurrencies that aim to peg their market value to a currency or other external reference point in order to reduce volatility. Because most digital currencies, even major ones like Bitcoin, have experienced frequent periods of dramatic volatility, Tether and other stablecoins attempt to smooth out price fluctuations in order to attract users who may otherwise be cautious. Tether’s price is tied directly to top 5 cryptocurrencies by 2021 price of top 5 cryptocurrencies by 2021 US dollar. The system allows users to more easily make transfers from other cryptocurrencies back to US dollars in a more timely manner than actually converting to normal currency.Launched in 2014, Tether describes itself as "a blockchain-enabled platform designed to facilitate top 5 cryptocurrencies by 2021 use of fiat currencies in a digital manner." Effectively, this cryptocurrency allows individuals to utilize a blockchain network and related technologies to transact in traditional currencies while minimizing top 5 cryptocurrencies by 2021 volatility and complexity often associated with digital currencies. In January of 2021, Tether was top 5 cryptocurrencies by 2021 third-largest cryptocurrency by market cap, with a total market cap of $24.4 billion and a per-token value of $1.00.10. Monero (XMR)Monero is a secure, private, and untraceable currency. This open-source cryptocurrency was launched in April 2014 and soon garnered great interest among top 5 cryptocurrencies by 2021 cryptography community and enthusiasts. The development of this cryptocurrency is completely donation based and community driven. Monero has been launched with a strong focus on decentralization and scalability, and it enables complete privacy by using a special technique called “ring signatures.”With this technique, there appears a group of cryptographic signatures including at least one real participant, but since they all appear valid, top 5 cryptocurrencies by 2021 real one cannot be isolated. Because of exceptional security mechanisms like this, Monero has developed something of an unsavory reputation—it has been linked to criminal operations around top 5 cryptocurrencies by 2021 world. While this is a prime candidate for making criminal transactions anonymously, top 5 cryptocurrencies by 2021 privacy inherent in Monero is also helpful to dissidents of oppressive regimes around top 5 cryptocurrencies by 2021 world. As of January 2021, Monero had a market cap of $2.8 billion and a per-token value of $158.37.From Bitcoin to Ethereum: How top 5 cryptocurrencies fared in 2020Bitcoin on Thursday hit an all-time high of $23,000. Similarly, reports suggest that other cryptocurrencies have also seen significant gains this year. Various portals have different rankings for cryptocurrencies, but top 5 cryptocurrencies by 2021 top three remains Bitcoin, Ethereum and Ripple. Let's take a look at how these major cryptocurrencies have fared this year.Bitcoin ($426 billion):Launched in 2009, Bitcoin is top 5 cryptocurrencies by 2021 largest and oldest cryptocurrency. It has soared from less than $50 in 2009 to almost $23,000 at present. That represents a CAGR of around 75% in 11 years. Bitcoin’s first big surge came in 2017 when it jumped from around $1,000 at top 5 cryptocurrencies by 2021 start of top 5 cryptocurrencies by 2021 year to just below $20,000 in December, a leap of 20 times in just a year. The cryptocurrency crashed top 5 cryptocurrencies by 2021 following year to around $3,200 by December 2018. However, investor skepticism with loose monetary policies of central banks in 2020 has led to a rebound, with bitcoin soaring back to its all-time high and breaking records, at around $23,000.Mumbai: Cryptocurrency players on Wednesday welcomed top 5 cryptocurrencies by 2021 Supreme Court's order lifting two-year old ban on trading in virtual currencies by top 5 cryptocurrencies by 2021 Reserve Bank of India, saying top 5 cryptocurrencies by 2021 move will encourage them to expand their offerings in top 5 cryptocurrencies by 2021 country.The Supreme Court on Wednesday allowed banks and financial institutions to provide services related to cryptocurrencies.Concerned over top 5 cryptocurrencies by 2021 risk associated in dealing with virtual currencies, such as Bitcoins, RBI in its April 2018 circular, prohibited trading in such digital currencies.Ethereum ($73 billion)Ethereum is seen more as a medium of exchange than a store of value by cryptocurrency users. Ethereum has gone from less than a dollar in 2015 to its current price of $644 in just 5 years, a jump of 644%. Ethereum started a transition in its structure from proof of work to proof of stake, basically a shift aimed at making transactions in it cheaper, faster and less electricity intensive. It was launched on a concept proposed by Vitalik Buterin, a Russian-Canadian programmer with top 5 cryptocurrencies by 2021 vision of facilitating smart contracts or contracts written in code. Ethereum has mirrored bitcoin in its price performance but remains well below its all-time high of around $1,350 in January 2018.XRP or Ripple ($26 billion)XRP is top 5 cryptocurrencies by 2021 currency created by Ripple Inc, a US company in 2012. XRP was designed for payments and remittances and operates in a manner similar to SWIFT, top 5 cryptocurrencies by 2021 network for moving money between banks. Gaurav Dahake, CEO, Bitbns, a Bengaluru-based cryptocurrency exchange said, “I don't see much value in XRP which has an enormous supply of 100 billion tokens compared to 21 million for bitcoin. It is also centralised, unlike bitcoin which diminishes its appeal," said Mint in its report.Tether ($19 billion)USD tether or USDT is a cryptocurrency that tries to mirror top 5 cryptocurrencies by 2021 US dollar on a 1:1 basis. Tether is issued by Tether Ltd, a company owned by top 5 cryptocurrencies by 2021 operator of Bitfinex, a cryptocurrency exchange in 2014. The originator claims that it is backed up by hard reserves of US dollars held by it directly or loaned to its subsidiaries. There are tether cryptos pegged to top 5 cryptocurrencies by 2021 Euro and Chinese Yuan as well, but top 5 cryptocurrencies by 2021 USD variant is top 5 cryptocurrencies by 2021 most popular of these. It is primarily used as a USD substitute by cryptocurrency traders and investors and since it is pegged to top 5 cryptocurrencies by 2021 USD dollar, it trades at a price of around $1 rather than appreciating or depreciating in value.Litecoin ($7 billion)Litecoin is a Bitcoin spinoff launched by a Google engineer Charlie Lee in 2011 with top 5 cryptocurrencies by 2021 idea of speedier transactions than conventional bitcoin. It differs from bitcoin in some of its technical processes. Litecoin has risen from around $40 at top 5 cryptocurrencies by 2021 start of 2020 to $109 at present. Dahake took a cautious stance on top 5 cryptocurrencies by 2021 appeal of litecoin. “Litecoin was created as a faster bitcoin alternative but bitcoin isn't used much for transactions anyway and hence litecoin hasn't taken off," he said."First time investors of cryptocurrency should invest in bitcoin rather than other cryptocurrencies, just as you would enter top 5 cryptocurrencies by 2021 stock market with bluechips rather than penny stocks. People have this misconception that they need to buy a whole Bitcoin. You can actually start with as little as Rs100 or lower," said Arjun Vijay, co founder of top 5 cryptocurrencies by 2021 Chennai-based Giottus Cryptocurrency Exchange.Mumbai: Cryptocurrency players on Wednesday welcomed top 5 cryptocurrencies by 2021 Supreme Court's order lifting two-year old ban on trading in virtual currencies by top 5 cryptocurrencies by 2021 Reserve Bank of India, saying top 5 cryptocurrencies by 2021 move will encourage them to expand their offerings in top 5 cryptocurrencies by 2021 country.The Supreme Court on Wednesday allowed banks and financial institutions to provide services related to cryptocurrencies.Concerned over top 5 cryptocurrencies by 2021 risk associated in dealing with virtual currencies, such as Bitcoins, RBI in its April 2018 circular, prohibited trading in such digital currencies.Pundi X chief executive officer Zac Cheah said top 5 cryptocurrencies by 2021 lifting of top 5 cryptocurrencies by 2021 ban on crypto only reinforces top 5 cryptocurrencies by 2021 fact that crypto and blockchain are top 5 cryptocurrencies by 2021 technologies of top 5 cryptocurrencies by 2021 future."It brings in cheer for crypto / blockchain companies such as Pundi X who have done some remarkable work in this space and encourages us to expand our expert offerings to potential geographies such as India," Cheah said in a statement.Bitbns CEO Gaurav Dahake said top 5 cryptocurrencies by 2021 verdict would give rise to a greater ecosystem in a country where innovation has always had a place, and rope in new investors, better support for blockchain-based projects, and will create more jobs."It's such a morale boost and will definitely help us bring back top 5 cryptocurrencies by 2021 high-volume traders who were concerned about top 5 cryptocurrencies by 2021 tips involved in our P2P transaction system, and have been unable to transact small amounts. We are happy that they finally have a resolution," Dahake said.Raghu Mohan, CEO and Co-Founder, IBC Media, a marketing solutions company that works with blockchain companies, said it is a step forward to empower entrepreneurs who build innovative business models to solve multiple grassroots problems in top 5 cryptocurrencies by 2021 country using crypto.7 of top 5 cryptocurrencies by 2021 Best Cryptocurrencies to Invest in NowThese are seven of top 5 cryptocurrencies by 2021 best cryptos on top 5 cryptocurrencies by 2021 market.It has been over a decade since top 5 cryptocurrencies by 2021 mysterious Satoshi Nakamoto created Bitcoin, top 5 cryptocurrencies by 2021 first and by far most popular form of cryptocurrency in top 5 cryptocurrencies by 2021 world. Despite its fame, Bitcoin isn't top 5 cryptocurrencies by 2021 final word on cryptocurrency – imitators, innovators and spinoffs have emerged in huge numbers, and there are more than 7,000 cryptocurrencies on top 5 cryptocurrencies by 2021 market today. With such a broad range of cryptocurrencies to choose from, how do investors know which is top 5 cryptocurrencies by 2021 best cryptocurrency to invest in? From top 5 cryptocurrencies by 2021 most popular cryptocurrencies making headlines around top 5 cryptocurrencies by 2021 globe to lesser-known digital currencies you may never have heard of, here are seven of top 5 cryptocurrencies by 2021 best cryptocurrencies to buy in 2021.These are seven of top 5 cryptocurrencies by 2021 best cryptos on top 5 cryptocurrencies by 2021 market.It has been over a decade since top 5 cryptocurrencies by 2021 mysterious Satoshi Nakamoto created Bitcoin, top 5 cryptocurrencies by 2021 first and by far most popular form of cryptocurrency in top 5 cryptocurrencies by 2021 world. Despite its fame, Bitcoin isn't top 5 cryptocurrencies by 2021 final word on cryptocurrency – imitators, innovators and spinoffs have emerged in huge numbers, and there are more than 7,000 cryptocurrencies on top 5 cryptocurrencies by 2021 market today. With such a broad range of cryptocurrencies to choose from, how do investors know which is top 5 cryptocurrencies by 2021 best cryptocurrency to invest in? From top 5 cryptocurrencies by 2021 most popular cryptocurrencies making headlines around top 5 cryptocurrencies by 2021 globe to lesser-known digital currencies you may never have heard of, here are seven of top 5 cryptocurrencies by 2021 best cryptocurrencies to buy in 2021.Bitcoin hit a fresh all-time high of $23,000 on Thursday. Other cryptocurrencies have also seen significant gains this year. Various portals have different rankings for cryptocurrencies, but top 5 cryptocurrencies by 2021 top three remain roughly top 5 cryptocurrencies by 2021 same -- Bitcoin, Ethereum and Ripple.Let's take a look at major cryptocurrencies and how they have fared this year.Bitcoin ($426 billion):Bitcoin is top 5 cryptocurrencies by 2021 largest and oldest cryptocurrency. It was launched in 2009 based on a paper written by Satoshi Nakamoto, a somewhat mysterious individual. The cryptocurrency has soared from less than $50 in 2009 to almost $23,000 at present. That represents a CAGR of around 75% in 11 years, a speed unrivalled by any traditional asset like equity, real estate or gold. The record of bitcoin ownership and transactions is stored simultaneously in thousands of computers and hence cannot be altered by any central authority. This gives bitcoin and other cryptocurrencies their USP and they continue to attract adherents. Bitcoin’s first big surge came in 2017 when it jumped from around $1,000 at top 5 cryptocurrencies by 2021 start of top 5 cryptocurrencies by 2021 year to just below $20,000 in December, a leap of 20 times in just a year. The cryptocurrency crashed top 5 cryptocurrencies by 2021 following year to around $3,200 by December 2018. However, investor skepticism with loose monetary policies of central banks in 2020 has led to a rebound, with bitcoin soaring back to its all time high and breaking records, at around $23,000.Ethereum ($73 billion)Ethereum is seen more as a medium of exchange than a store of value by cryptocurrency users. It was launched on a concept proposed by Vitalik Buterin, a Russian-Canadian programmer with top 5 cryptocurrencies by 2021 vision of facilitating smart contracts or contracts written in code. These smart contracts have top 5 cryptocurrencies by 2021 potential to combine cryptocurrency with top 5 cryptocurrencies by 2021 instruments of conventional finance such as borrowing of money against interest. Ethereum has gone from less than a dollar in 2015 to its current price of $644 in just 5 years, a jump of 644%. From 1 December0, Ethereum started a transition in its structure from proof of work to proof of stake, basically a shift aimed at making transactions in it cheaper, faster and less electricity intensive. Read more about this here .XRP is top 5 cryptocurrencies by 2021 currency created by Ripple Inc, a US company in 2012. XRP was designed for payments and remittances and operates in a manner similar to SWIFT, top 5 cryptocurrencies by 2021 network for moving money between banks. However, professionals remain skeptical of XRP. “I don't see much value in XRP which has an enormous supply of 100 billion tokens compared to 21 million for bitcoin. It is also centralised, unlike bitcoin which diminishes its appeal," said Gaurav Dahake, CEO, Bitbns, a Bengaluru-based cryptocurrency exchange.USD tether or USDT is a cryptocurrency that tries to mirror top 5 cryptocurrencies by 2021 US dollar on a 1:1 basis. Tether is issued by Tether Ltd, a company owned by top 5 cryptocurrencies by 2021 operator of Bitfinex, a cryptocurrency exchange in 2014. The originator claims that it is backed up by hard reserves of US dollars held by it directly or loaned to its subsidiaries. There are tether cryptos pegged to top 5 cryptocurrencies by 2021 Euro and Chinese Yuan as well, but top 5 cryptocurrencies by 2021 USD variant is top 5 cryptocurrencies by 2021 most popular of these. It is primarily used as a USD substitute by cryptocurrency traders and investors and since it is pegged to top 5 cryptocurrencies by 2021 USD dollar, it trades at a price of around $1 rather than appreciating or depreciating in value.Litecoin ($7 billion)Litecoin is a Bitcoin spinoff launched by a Google engineer Charlie Lee in 2011 with top 5 cryptocurrencies by 2021 idea of speedier transactions than conventional bitcoin. It differs from bitcoin in some of its technical processes. Litecoin has risen from around $40 at top 5 cryptocurrencies by 2021 start of 2020 to $109 at present. Dahake took a cautious stance on top 5 cryptocurrencies by 2021 appeal of litecoin. “Litecoin was created as a faster bitcoin alternative but bitcoin isn't used much for transactions anyway and hence litecoin hasn't taken off," he said.2020 return: 2.72 times"First time investors of cryptocurrency should invest in bitcoin rather than other cryptocurrencies, just as you would enter top 5 cryptocurrencies by 2021 stock market with bluechips rather than penny stocks. People have this misconception that they need to buy a whole Bitcoin. You can actually start with as little as Rs100 or lower," said Arjun Vijay, co founder of top 5 cryptocurrencies by 2021 Chennai-based Giottus Cryptocurrency Exchange.Top 5 Cryptocurrencies To Look Out For In 2021Cryptocurrency has taken over top 5 cryptocurrencies by 2021 world by a storm. The prospect of becoming a millionaire overnight was too good to miss out for anyone and thus everybody wants to know what top 5 cryptocurrencies by 2021 heck is a cryptocurrency and what’s top 5 cryptocurrencies by 2021 best? Well, you’ve come to top 5 cryptocurrencies by 2021 right place because today I’m going to list top 5 cryptocurrencies by 2021 top 5 cryptocurrencies which you can look out for in 2021!Following are top 5 cryptocurrencies by 2021 topics discussed in this article:What is Cryptocurrency?I guess top 5 cryptocurrencies by 2021 topic deserves a small introduction to what this whole cryptocurrency jazz is all about. Well, digital payments have replaced top 5 cryptocurrencies by 2021 whole idea of carrying cash with you! Whether you want food, groceries, cabs or even a general service, you can pay for everything digitally, but it’s not really like cash payments. Cash is untraceable, cash can be spent anonymously and more so cash is trusted. Escaping these problems was top 5 cryptocurrencies by 2021 promise made by bitcoin. It had top 5 cryptocurrencies by 2021 beautiful anonymity of cash and it was cash that was not printed by top 5 cryptocurrencies by 2021 government. Instead, it was made by a bit of code that was powered by top 5 cryptocurrencies by 2021 citizens of top 5 cryptocurrencies by 2021 internet and you could trust it. Today, anyone can buy crypto. A few sign-ups, smash in your credit card details and trade in your money for digital cash. Bitcoin got so popular that by top 5 cryptocurrencies by 2021 end of 2017, it was as valuable as top 5 cryptocurrencies by 2021 big banks it stood against. Today there are thousands of cryptocurrencies other than bitcoin, and in this article, I’m going to list top 5 cryptocurrencies by 2021 top 5 cryptocurrencies.1. BitcoinBitcoin - Top 5 Cryptocurrency - EdurekaBitcoin was top 5 cryptocurrencies by 2021 first cryptocurrency that started top 5 cryptocurrencies by 2021 whole decentralization movement. Without bitcoin, we would not be where we are today in terms of crypto. What made Bitcoin stand out was how it brought about a new perspective of trust. According to Bitcoin, no user is a trusted user and everything must be verified by public consensus which is achieved by a mathematical process called “proof of work”. We won’t get into top 5 cryptocurrencies by 2021 working of proof of work, but let’s just say its very resource heavy and equally trustworthy and hard to break. It was truly top 5 cryptocurrencies by 2021 first piece of tech that promised security over top 5 cryptocurrencies by 2021 internet. As of this day, top 5 cryptocurrencies by 2021 market capitalization of top 5 cryptocurrencies by 2021 world’s top digital currency is more than $125 billion, with a price per coin of more than $6547.Next on our list of top 5 cryptocurrencies is Ethereum.2. Ethereumis an open-source & public blockchain based distributed computing platform for building decentralized applications. So, before top 5 cryptocurrencies by 2021 creation of Ethereum, blockchain applications were designed to do a very limited set of operations. Bitcoin and other cryptocurrencies, for example, were developed exclusively to operate as peer-to-peer digital currencies. Vitalik Buterin, top 5 cryptocurrencies by 2021 mastermind behind Ethereum, envisioned his project as a platform for developers to write programs on top 5 cryptocurrencies by 2021 blockchain. This was brought about with top 5 cryptocurrencies by 2021 implementation of smart contracts which is basically a programme that runs on top 5 cryptocurrencies by 2021 blockchain and can be invoked by top 5 cryptocurrencies by 2021 users of top 5 cryptocurrencies by 2021 network. So basically this allows App developers to freely work on top 5 cryptocurrencies by 2021 blockchain without knowing its intricacies by using frameworks like Truffle. The cryptocurrency of Ethereum is called Ether and there are about 100 million of them in top 5 cryptocurrencies by 2021 market.3. RippleRipple logo - top 5 Cryptocurrencies - EdurekaRipple is a real-time gross settlement system, currency exchange and remittance network created by Ripple Labs Inc., a US-based technology company.Ripple is built upon a distributed open source internet protocol and supports tokens representing fiat currency, cryptocurrency, commodities, or other units of value such as frequent flier miles or mobile minutes. It eases out top 5 cryptocurrencies by 2021 process of cross-border payments with its negligible transaction fees and super fast transaction times. Above that what makes it special is top 5 cryptocurrencies by 2021 consensus algorithm used which is called Byzantine fault tolerance based on top 5 cryptocurrencies by 2021 Byzantine general problem. It’s a method of eliminating faulty participators by bringing about a consensus through a majority poll.Also, Ripple has some insane flexibility in terms of currency. You can pay in all sorts of cash currency and cryptocurrency including ether and bitcoin and there’s only a negligible internal commission for this. This is one of top 5 cryptocurrencies by 2021 main reason Ripple made it to this list of top 5 cryptocurrencies.Next on our list of top 5 cryptocurrencies is Bitcoin Cash.4. Bitcoin CashBitcoin Cash - Top 5 Cryptocurrencies - EdurekaBitcoins popularity skyrocketing caused its own set of problems in terms of scalability. The number of transactions increased by leaps and bounds, top 5 cryptocurrencies by 2021 rate at which top 5 cryptocurrencies by 2021 blocks filled up were increasing as well. More often than not, people actually had to wait until new blocks were created so that their transactions would go through. This created a backlog of transactions, in fact, top 5 cryptocurrencies by 2021 only way to get your transactions prioritized is to pay a high enough transaction fee to attract and incentivize top 5 cryptocurrencies by 2021 miners to prioritize your transactions.To solve this problem Bitcoin went through a hard fork and Bitcoin Cash was born. This was done with top 5 cryptocurrencies by 2021 implementation of SegWit which stands for segregated witness.5. EOSEOS - Top 5 Cryptocurrencies - EdurekaLastly, we have EOS. EOS is a blockchain platform for top 5 cryptocurrencies by 2021 development of decentralized applications, similar to Ethereum in function. It makes dapp development a breeze by providing an operating system like set of functions and libraries for developers.EOS brings together top 5 cryptocurrencies by 2021 best features and promises of top 5 cryptocurrencies by 2021 various smart contract technologies out there for e.g. top 5 cryptocurrencies by 2021 security of Bitcoin while maintaining top 5 cryptocurrencies by 2021 computing support of Ethereum, in one simple to use, massively scalable dapp platform for top 5 cryptocurrencies by 2021 everyday user. It provides a complete operating system for decentralized applications focused on top 5 cryptocurrencies by 2021 web with services like user authentication, cloud storage, and server hosting.That was my list of top 5 cryptocurrencies by 2021 “Top 5 cryptocurrencies”. I hope you have enjoyed reading this article as much fun I had formulating my list. If you guys have a different list of “Top 5 cryptocurrencies”, please do share it with me in top 5 cryptocurrencies by 2021 comment section below. To get further in-depth knowledge of Blockchain along with its various applications, check out our interactive, live-online Blockchain Certification Training, that comes with 24*7 support to guide you throughout your learning experience.Got a question for us? Please mention it in top 5 cryptocurrencies by 2021 comments section of this “Top 5 cryptocurrencies” and we will get back to you as soon as possible.Top 5 cryptocurrencies to watch this week: BTC, ETH, VET, XMR, FTTIf Bitcoin can hold $58,000 as support, altcoins like ETH, VET, XMR and FTT may resume their uptrend and hit new highs this week.Bitcoin (BTC) has risen more than 1,000% since March 2020 and this shows that top 5 cryptocurrencies by 2021 digital asset has outperformed traditional asset classes like equities, commodities and bonds by a massive margin.The resilience of Bitcoin even after top 5 cryptocurrencies by 2021 sharp rally continues to attract buyers. Jarvis Labs analyst Ben Lilly said top 5 cryptocurrencies by 2021 whales who hold between 100 to 1,000 Bitcoin have added about 63,000 Bitcoin in their combined holdings since Feb. 28.The activities of this group of whales are worth monitoring because Lilly said “this class of wallets were top 5 cryptocurrencies by 2021 ones that timed top 5 cryptocurrencies by 2021 2017 rally top 5 cryptocurrencies by 2021 best.”In addition to top 5 cryptocurrencies by 2021 whales, Bitcoin adoption by companies also continues to increase. RushOrderTees, a t-shirt printing and embroidering company, recently revealed it had purchased roughly $300,000 worth of Bitcoin and other cryptocurrencies in top 5 cryptocurrencies by 2021 past month and they intend to increase it to $1 million by top 5 cryptocurrencies by 2021 end of April.This shows that even smaller firms are shifting part of their treasury assets from fiat to cryptocurrency. If this trend catches up, it could soon add a new class of investors to top 5 cryptocurrencies by 2021 crypto sector.Let’s study top 5 cryptocurrencies by 2021 charts of top 5 cryptocurrencies by 2021 top-5 cryptocurrencies that may outperform top 5 cryptocurrencies by 2021 others in top 5 cryptocurrencies by 2021 next few days.BTC/USDBitcoin resumed its uptrend on March 13 when it soared above top 5 cryptocurrencies by 2021 all-time high at $58,341. The bears will now try to pull top 5 cryptocurrencies by 2021 price back below top 5 cryptocurrencies by 2021 breakout level and trap top 5 cryptocurrencies by 2021 aggressive traders while top 5 cryptocurrencies by 2021 bulls will try to flip $58,341 into support.If top 5 cryptocurrencies by 2021 bulls succeed in their endeavor, top 5 cryptocurrencies by 2021 BTC/USD pair could start its journey toward top 5 cryptocurrencies by 2021 next target objective at $72,112. The upsloping moving averages suggest that bulls have top 5 cryptocurrencies by 2021 upper hand.If top 5 cryptocurrencies by 2021 price slides below $58,341 but rebounds off top 5 cryptocurrencies by 2021 20-day exponential moving average ($53,028), it will indicate that top 5 cryptocurrencies by 2021 sentiment remains positive as buyers are accumulating on dips.However, it is not all bullish on top 5 cryptocurrencies by 2021 charts because top 5 cryptocurrencies by 2021 negative divergence on top 5 cryptocurrencies by 2021 relative strength index (RSI) indicates top 5 cryptocurrencies by 2021 momentum is weakening. Sometimes top 5 cryptocurrencies by 2021 negative divergence gets invalidated during a strong bull run, but its occurrence warrants caution because on several occasions it successfully predicts a reversal.If top 5 cryptocurrencies by 2021 20-day EMA cracks, it will suggest that supply exceeds demand and traders are rushing to book profits. That may pull top 5 cryptocurrencies by 2021 price down to top 5 cryptocurrencies by 2021 50-day simple moving average ($46,047) and then $41,959. Such a deep fall could delay top 5 cryptocurrencies by 2021 start of top 5 cryptocurrencies by 2021 next leg of top 5 cryptocurrencies by 2021 up-move.The 4-hour chart shows top 5 cryptocurrencies by 2021 bulls have repeatedly bought top 5 cryptocurrencies by 2021 dips to top 5 cryptocurrencies by 2021 20-EMA. Therefore, top 5 cryptocurrencies by 2021 bulls may again try to defend top 5 cryptocurrencies by 2021 20-EMA. If top 5 cryptocurrencies by 2021 price rebounds off this support, a retest of $61,825 is likely. A breakout of this resistance may indicate top 5 cryptocurrencies by 2021 start of top 5 cryptocurrencies by 2021 next leg of top 5 cryptocurrencies by 2021 uptrend.Alternatively, if top 5 cryptocurrencies by 2021 price breaks below top 5 cryptocurrencies by 2021 20-EMA support, it will signal a possible change in top 5 cryptocurrencies by 2021 short-term trend. The next support is at $56,000 and then at top 5 cryptocurrencies by 2021 50-SMA. A break below this support will suggest that top 5 cryptocurrencies by 2021 breakout above $58,341 may have been a bull trap.ETH/USDEther (ETH) broke above top 5 cryptocurrencies by 2021 78.6% Fibonacci retracement level at $1,879on March 13, but top 5 cryptocurrencies by 2021 bulls could not sustain top 5 cryptocurrencies by 2021 momentum and challenge top 5 cryptocurrencies by 2021 all-time high at $2,040. This suggests top 5 cryptocurrencies by 2021 bears are aggressively defending top 5 cryptocurrencies by 2021 $1,879 to $2,040. resistance zone.The ETH/USD pair may now again drop to top 5 cryptocurrencies by 2021 20-day EMA ($1,727). A strong bounce off this support will suggest top 5 cryptocurrencies by 2021 bulls continue to accumulate on dips. That may enhance top 5 cryptocurrencies by 2021 prospects of a retest and breakout above $2,040.If top 5 cryptocurrencies by 2021 bulls can sustain top 5 cryptocurrencies by 2021 price above $2,040, top 5 cryptocurrencies by 2021 next leg of top 5 cryptocurrencies by 2021 uptrend to $2,614 may begin.Conversely, if top 5 cryptocurrencies by 2021 price dips below both moving averages, it will suggest that supply exceeds demand. That could keep top 5 cryptocurrencies by 2021 pair stuck inside top 5 cryptocurrencies by 2021 large range between $1,289 and $2,040 for a few more days.The 4-hour chart shows top 5 cryptocurrencies by 2021 bears have dragged top 5 cryptocurrencies by 2021 price back below $1,879. The pair could now drop to top 5 cryptocurrencies by 2021 support line of top 5 cryptocurrencies by 2021 ascending channel. If top 5 cryptocurrencies by 2021 price rebounds off this support, it will keep top 5 cryptocurrencies by 2021 short-term trend in favor of top 5 cryptocurrencies by 2021 bulls. The buyers will then again try to resume top 5 cryptocurrencies by 2021 up-move.On top 5 cryptocurrencies by 2021 contrary, if top 5 cryptocurrencies by 2021 bears drag top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 channel, it will indicate a possible change in trend. The price may then drop to $1,650 and $1,450.VET/USDVeChain (VET) broke above top 5 cryptocurrencies by 2021 $0.0345 to $0.0607 range on March 8. This suggests that top 5 cryptocurrencies by 2021 bulls have overpowered top 5 cryptocurrencies by 2021 bears. However, top 5 cryptocurrencies by 2021 sellers have not conceded defeat as they are trying to stall top 5 cryptocurrencies by 2021 up-move at $0.0725.The upsloping moving averages and top 5 cryptocurrencies by 2021 RSI near top 5 cryptocurrencies by 2021 overbought territory suggest top 5 cryptocurrencies by 2021 bulls are in command.This bullish view will invalidate if top 5 cryptocurrencies by 2021 bears sink top 5 cryptocurrencies by 2021 price below $0.0607 and top 5 cryptocurrencies by 2021 20-day EMA ($0.0564). Such a move will suggest that top 5 cryptocurrencies by 2021 recent breakout above $0.0607 was a possible bull trap.The price has dipped below top 5 cryptocurrencies by 2021 20-EMA on top 5 cryptocurrencies by 2021 4-hour chart. The bears will now try to sink top 5 cryptocurrencies by 2021 pair back below top 5 cryptocurrencies by 2021 breakout level at $0.0607.If they succeed, it will suggest that demand dries up at higher levels. The pair could then drop to $0.050. A deeper fall could delay top 5 cryptocurrencies by 2021 start of top 5 cryptocurrencies by 2021 next leg of top 5 cryptocurrencies by 2021 uptrend and keep top 5 cryptocurrencies by 2021 price stuck inside a range.Conversely, if top 5 cryptocurrencies by 2021 price rebounds off $0.0607, top 5 cryptocurrencies by 2021 pair may retest $0.0725. A breakout of this resistance could resume top 5 cryptocurrencies by 2021 uptrend.XMR/USDMonero (XMR) broke out of top 5 cryptocurrencies by 2021 overhead resistance at $232.39 on March 13. This clears top 5 cryptocurrencies by 2021 path for a rise to $288.60. However, top 5 cryptocurrencies by 2021 bears are in no mood to relent. They are trying to pull top 5 cryptocurrencies by 2021 price back below top 5 cryptocurrencies by 2021 breakout level at $232.39.If they succeed, top 5 cryptocurrencies by 2021 XMR/USD pair may again drop to top 5 cryptocurrencies by 2021 20-day EMA ($220). This is an important support to keep an eye on because a strong bounce off it will suggest top 5 cryptocurrencies by 2021 bulls continue to buy at lower levels.The gradually rising 20-day EMA and top 5 cryptocurrencies by 2021 RSI above 57 suggest a minor advantage to top 5 cryptocurrencies by 2021 bulls. This positive view will invalidate if top 5 cryptocurrencies by 2021 bears sink top 5 cryptocurrencies by 2021 pair below top 5 cryptocurrencies by 2021 20-day EMA. Such a move could pull top 5 cryptocurrencies by 2021 price down to top 5 cryptocurrencies by 2021 50-day SMA ($197).The 4-hour chart shows top 5 cryptocurrencies by 2021 formation of an ascending triangle pattern. The price is currently retesting top 5 cryptocurrencies by 2021 breakout level from top 5 cryptocurrencies by 2021 triangle at $232.39. A bounce off of this support could resume top 5 cryptocurrencies by 2021 uptrend to top 5 cryptocurrencies by 2021 pattern target at $292.89.Contrary to this assumption, if top 5 cryptocurrencies by 2021 bears sink top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 trendline of top 5 cryptocurrencies by 2021 triangle, it will invalidate top 5 cryptocurrencies by 2021 bullish setup. That could pull top 5 cryptocurrencies by 2021 price down to $200 and then to $171.90.FTT/USDFTX Token (FTT) broke out of top 5 cryptocurrencies by 2021 $35 overhead resistance on March 9 and resumed its uptrend. The first stop could be $45 and if that level is ascended, top 5 cryptocurrencies by 2021 up-move may reach top 5 cryptocurrencies by 2021 psychological level at $50.The rising moving averages and top 5 cryptocurrencies by 2021 RSI in top 5 cryptocurrencies by 2021 overbought territory suggest top 5 cryptocurrencies by 2021 bulls are in control. Any profit-booking at top 5 cryptocurrencies by 2021 current level could pull top 5 cryptocurrencies by 2021 price down to top 5 cryptocurrencies by 2021 breakout level at $35.If top 5 cryptocurrencies by 2021 bulls can flip this level to support, it will suggest strong demand on dips. The $35 level could then act as a floor on any declines.Conversely, a break below top 5 cryptocurrencies by 2021 20-day EMA ($32.93) will suggest profit-booking at higher levels. The FTT/USD pair could then drop to $25.Both moving averages on top 5 cryptocurrencies by 2021 4-hour chart are sloping up and top 5 cryptocurrencies by 2021 RSI is in top 5 cryptocurrencies by 2021 overbought territory, which suggests top 5 cryptocurrencies by 2021 bulls are in command.The pair has continued its upward march without breaking top 5 cryptocurrencies by 2021 20-EMA support, indicating top 5 cryptocurrencies by 2021 bulls are not booking profits in a hurry as they expect higher levels in top 5 cryptocurrencies by 2021 future.The first support on top 5 cryptocurrencies by 2021 downside is top 5 cryptocurrencies by 2021 20-EMA. A break below this support will signal a weakening momentum. The next support on top 5 cryptocurrencies by 2021 downside is top 5 cryptocurrencies by 2021 breakout level at $35.The views and opinions expressed here are solely those of top 5 cryptocurrencies by 2021 author and do not necessarily reflect top 5 cryptocurrencies by 2021 views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.Price analysis 3/12: BTC, ETH, BNB, ADA, DOT, XRP, UNI, LTC, LINK, BCHBitcoin bulls are attempting to push BTC price back toward $58,000 but data shows altcoins may be losing their bullish momentum.Bitcoin (BTC) missed hitting a new all-time high on March 11 by just a whisker as Oracle Corporation denied rumors that it had purchased about 72,000 Bitcoin. This suggests that traders could be looking for signs of greater institutional adoption to boost Bitcoin’s price further.One of top 5 cryptocurrencies by 2021 main factors that may have kept several institutional investors at bay is top 5 cryptocurrencies by 2021 lack of regulatory clarity but this could be on top 5 cryptocurrencies by 2021 verge of changing.In a recent interview on top 5 cryptocurrencies by 2021 Thinking Crypto podcast, Hester Peirce, a commissioner at top 5 cryptocurrencies by 2021 United States Securities and Exchange Commission, said that Gary Gensler’s nomination to be top 5 cryptocurrencies by 2021 President of top 5 cryptocurrencies by 2021 SEC could lead to greater regulatory clarity being given to top 5 cryptocurrencies by 2021 crypto sector.If that happens, several institutional investors may jump in and purchase Bitcoin. Another possible instrument that may attract both institutions and retail investors is a Bitcoin ETF. Just this week, New York-based asset manager WisdomTree joined top 5 cryptocurrencies by 2021 list of aspirants who are seeking top 5 cryptocurrencies by 2021 SEC’s approval to launch a Bitcoin ETF.Crypto traders are likely to keep a close watch on these developments as they could prove bullish for Bitcoin. Until top 5 cryptocurrencies by 2021 next trigger, will Bitcoin and altcoins remain in a range or correct to lower support levels? Let’s study top 5 cryptocurrencies by 2021 charts of top 5 cryptocurrencies by 2021 top-10 cryptocurrencies to find out.BTC/USDBitcoin turned down from just below top 5 cryptocurrencies by 2021 all-time high today as top 5 cryptocurrencies by 2021 bears tried to pull top 5 cryptocurrencies by 2021 price down. However, top 5 cryptocurrencies by 2021 long tail on top 5 cryptocurrencies by 2021 daily candlestick shows aggressive buying on dips. The upsloping 20-day exponential moving average ($51,414) and top 5 cryptocurrencies by 2021 relative strength index (RSI) above 68 suggest top 5 cryptocurrencies by 2021 path of least resistance is to top 5 cryptocurrencies by 2021 upside.If top 5 cryptocurrencies by 2021 bulls can drive and sustain top 5 cryptocurrencies by 2021 price above $58,341.03, top 5 cryptocurrencies by 2021 uptrend could resume. The next target objective on top 5 cryptocurrencies by 2021 upside is $72,112.Contrary to this assumption, if top 5 cryptocurrencies by 2021 BTC/USD pair once again turns down from $58,341.03, it will suggest top 5 cryptocurrencies by 2021 bears are aggressively defending top 5 cryptocurrencies by 2021 higher levels.If top 5 cryptocurrencies by 2021 bears can sink top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 20-day EMA, top 5 cryptocurrencies by 2021 short-term traders may book profits and that could pull top 5 cryptocurrencies by 2021 price down to top 5 cryptocurrencies by 2021 50-day simple moving average ($44,934).A break below this support could result in a drop to top 5 cryptocurrencies by 2021 critical support at $41,959.63. This is an important level to watch out for because if it cracks, top 5 cryptocurrencies by 2021 advantage will shift in favor of top 5 cryptocurrencies by 2021 bears.ETH/USDThe bears are attempting to stall top 5 cryptocurrencies by 2021 relief rally at top 5 cryptocurrencies by 2021 78.6% Fibonacci retracement level at $1,879.915. The long tail on March 11 candlestick suggests top 5 cryptocurrencies by 2021 bulls bought top 5 cryptocurrencies by 2021 dips near top 5 cryptocurrencies by 2021 20-day EMA ($1,692), but they could not build up on top 5 cryptocurrencies by 2021 recovery as Ether (ETH) has turned down today.If top 5 cryptocurrencies by 2021 price rebounds off top 5 cryptocurrencies by 2021 moving averages, it will suggest that traders continue to buy top 5 cryptocurrencies by 2021 dips. The bulls will then again try to push top 5 cryptocurrencies by 2021 price above $1,879.91 and retest top 5 cryptocurrencies by 2021 all-time high at $2,040.77. A breakout and close above this level could clear top 5 cryptocurrencies by 2021 path for a rally to $2,614.The marginally upsloping moving averages and top 5 cryptocurrencies by 2021 RSI just above top 5 cryptocurrencies by 2021 midpoint suggest a minor advantage to top 5 cryptocurrencies by 2021 buyers. However, if top 5 cryptocurrencies by 2021 bears sink top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 moving averages, it may attract profit-booking from short-term traders. That could result in a fall to $1,455 and then to $1,289.BNB/USDBinance Coin (BNB) rallied above top 5 cryptocurrencies by 2021 $309.49 overhead resistance on March 11 but top 5 cryptocurrencies by 2021 bulls could not sustain top 5 cryptocurrencies by 2021 higher levels as seen from top 5 cryptocurrencies by 2021 long wick on top 5 cryptocurrencies by 2021 day’s candlestick. The bears tried to sink top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 20-day EMA ($239) today but top 5 cryptocurrencies by 2021 long tail on top 5 cryptocurrencies by 2021 candlestick suggests aggressive buying at lower levels.Bitcoin (BTC) missed hitting a new all-time high on March 11 by just a whisker as Oracle Corporation denied rumors that it had purchased about 72,000 Bitcoin. This suggests that traders could be looking for signs of greater institutional adoption to boost Bitcoin’s price further.One of top 5 cryptocurrencies by 2021 main factors that may have kept several institutional investors at bay is top 5 cryptocurrencies by 2021 lack of regulatory clarity but this could be on top 5 cryptocurrencies by 2021 verge of changing.In a recent interview on top 5 cryptocurrencies by 2021 Thinking Crypto podcast, Hester Peirce, a commissioner at top 5 cryptocurrencies by 2021 United States Securities and Exchange Commission, said that Gary Gensler’s nomination to be top 5 cryptocurrencies by 2021 President of top 5 cryptocurrencies by 2021 SEC could lead to greater regulatory clarity being given to top 5 cryptocurrencies by 2021 crypto sector.If that happens, several institutional investors may jump in and purchase Bitcoin. Another possible instrument that may attract both institutions and retail investors is a Bitcoin ETF. Just this week, New York-based asset manager WisdomTree joined top 5 cryptocurrencies by 2021 list of aspirants who are seeking top 5 cryptocurrencies by 2021 SEC’s approval to launch a Bitcoin ETF.Crypto traders are likely to keep a close watch on these developments as they could prove bullish for Bitcoin. Until top 5 cryptocurrencies by 2021 next trigger, will Bitcoin and altcoins remain in a range or correct to lower support levels? Let’s study top 5 cryptocurrencies by 2021 charts of top 5 cryptocurrencies by 2021 top-10 cryptocurrencies to find out.BTC/USDBitcoin turned down from just below top 5 cryptocurrencies by 2021 all-time high today as top 5 cryptocurrencies by 2021 bears tried to pull top 5 cryptocurrencies by 2021 price down. However, top 5 cryptocurrencies by 2021 long tail on top 5 cryptocurrencies by 2021 daily candlestick shows aggressive buying on dips. The upsloping 20-day exponential moving average ($51,414) and top 5 cryptocurrencies by 2021 relative strength index (RSI) above 68 suggest top 5 cryptocurrencies by 2021 path of least resistance is to top 5 cryptocurrencies by 2021 upside.If top 5 cryptocurrencies by 2021 bulls can drive and sustain top 5 cryptocurrencies by 2021 price above $58,341.03, top 5 cryptocurrencies by 2021 uptrend could resume. The next target objective on top 5 cryptocurrencies by 2021 upside is $72,112.Contrary to this assumption, if top 5 cryptocurrencies by 2021 BTC/USD pair once again turns down from $58,341.03, it will suggest top 5 cryptocurrencies by 2021 bears are aggressively defending top 5 cryptocurrencies by 2021 higher levels.If top 5 cryptocurrencies by 2021 bears can sink top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 20-day EMA, top 5 cryptocurrencies by 2021 short-term traders may book profits and that could pull top 5 cryptocurrencies by 2021 price down to top 5 cryptocurrencies by 2021 50-day simple moving average ($44,934).A break below this support could result in a drop to top 5 cryptocurrencies by 2021 critical support at $41,959.63. This is an important level to watch out for because if it cracks, top 5 cryptocurrencies by 2021 advantage will shift in favor of top 5 cryptocurrencies by 2021 bears.ETH/USDThe bears are attempting to stall top 5 cryptocurrencies by 2021 relief rally at top 5 cryptocurrencies by 2021 78.6% Fibonacci retracement level at $1,879.915. The long tail on March 11 candlestick suggests top 5 cryptocurrencies by 2021 bulls bought top 5 cryptocurrencies by 2021 dips near top 5 cryptocurrencies by 2021 20-day EMA ($1,692), but they could not build up on top 5 cryptocurrencies by 2021 recovery as Ether (ETH) has turned down today.If top 5 cryptocurrencies by 2021 price rebounds off top 5 cryptocurrencies by 2021 moving averages, it will suggest that traders continue to buy top 5 cryptocurrencies by 2021 dips. The bulls will then again try to push top 5 cryptocurrencies by 2021 price above $1,879.91 and retest top 5 cryptocurrencies by 2021 all-time high at $2,040.77. A breakout and close above this level could clear top 5 cryptocurrencies by 2021 path for a rally to $2,614.The marginally upsloping moving averages and top 5 cryptocurrencies by 2021 RSI just above top 5 cryptocurrencies by 2021 midpoint suggest a minor advantage to top 5 cryptocurrencies by 2021 buyers. However, if top 5 cryptocurrencies by 2021 bears sink top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 moving averages, it may attract profit-booking from short-term traders. That could result in a fall to $1,455 and then to $1,289.BNB/USDBinance Coin (BNB) rallied above top 5 cryptocurrencies by 2021 $309.49 overhead resistance on March 11 but top 5 cryptocurrencies by 2021 bulls could not sustain top 5 cryptocurrencies by 2021 higher levels as seen from top 5 cryptocurrencies by 2021 long wick on top 5 cryptocurrencies by 2021 day’s candlestick. The bears tried to sink top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 20-day EMA ($239) today but top 5 cryptocurrencies by 2021 long tail on top 5 cryptocurrencies by 2021 candlestick suggests aggressive buying at lower levels.Traders are buying top 5 cryptocurrencies by 2021 dips and selling top 5 cryptocurrencies by 2021 rallies. This could keep top 5 cryptocurrencies by 2021 BNB/USD pair range-bound between $265 and $309.49 for a few days. Both moving averages are sloping up and top 5 cryptocurrencies by 2021 RSI is in top 5 cryptocurrencies by 2021 positive zone, which suggests top 5 cryptocurrencies by 2021 bulls have top 5 cryptocurrencies by 2021 upper hand.If buyers can push and sustain top 5 cryptocurrencies by 2021 price above $309.49, top 5 cryptocurrencies by 2021 pair could rally to top 5 cryptocurrencies by 2021 all-time high at $348.69. Above this level, top 5 cryptocurrencies by 2021 pair may extend its up-move to $410 and then $500.Conversely, if top 5 cryptocurrencies by 2021 bears sink and sustain top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 20-day EMA, top 5 cryptocurrencies by 2021 pair may drop to $215 and then $189.ADA/USDCardano (ADA) has dropped to top 5 cryptocurrencies by 2021 support of top 5 cryptocurrencies by 2021 $1.0683 to $1.2303 range. This is an important level to keep an eye on, hence top 5 cryptocurrencies by 2021 bulls are likely to defend it aggressively. If top 5 cryptocurrencies by 2021 price rebounds off this level, top 5 cryptocurrencies by 2021 altcoin may consolidate in top 5 cryptocurrencies by 2021 range for a few more days.A break above or below top 5 cryptocurrencies by 2021 range could start top 5 cryptocurrencies by 2021 next trending move. The flat 20-day EMA ($1.09) and top 5 cryptocurrencies by 2021 RSI near top 5 cryptocurrencies by 2021 midpoint suggest equal opportunities to top 5 cryptocurrencies by 2021 bulls and top 5 cryptocurrencies by 2021 bears.If top 5 cryptocurrencies by 2021 price rises from top 5 cryptocurrencies by 2021 current levels and breaks above $1.2303, it will suggest top 5 cryptocurrencies by 2021 bulls have top 5 cryptocurrencies by 2021 upper hand. That could result in a rally to $1.35 and then $1.4852.On top 5 cryptocurrencies by 2021 other hand, if top 5 cryptocurrencies by 2021 bears sink and sustain top 5 cryptocurrencies by 2021 price below $1.0683, top 5 cryptocurrencies by 2021 ADA/USD pair could drop to top 5 cryptocurrencies by 2021 50-day SMA ($0.831).DOT/USDPolkadot’s (DOT) breakout of top 5 cryptocurrencies by 2021 symmetrical triangle fizzled out at $39.60 on March 10. The bears dragged top 5 cryptocurrencies by 2021 price back into top 5 cryptocurrencies by 2021 triangle today, but top 5 cryptocurrencies by 2021 long tail on top 5 cryptocurrencies by 2021 day’s candlestick suggests top 5 cryptocurrencies by 2021 bulls are buying on dips to top 5 cryptocurrencies by 2021 20-day EMA ($34.40).If top 5 cryptocurrencies by 2021 price turns up from top 5 cryptocurrencies by 2021 current level and rises above $39.60, it will suggest strong demand at lower levels. The pair could then retest top 5 cryptocurrencies by 2021 all-time high at $42.28. A break above this resistance may push top 5 cryptocurrencies by 2021 price to top 5 cryptocurrencies by 2021 pattern target at $52.50.On top 5 cryptocurrencies by 2021 contrary, if top 5 cryptocurrencies by 2021 price sustains inside top 5 cryptocurrencies by 2021 triangle, top 5 cryptocurrencies by 2021 bears will try to sink top 5 cryptocurrencies by 2021 DOT/USD pair below top 5 cryptocurrencies by 2021 support line. Such a move could intensify top 5 cryptocurrencies by 2021 selling and pull top 5 cryptocurrencies by 2021 price down to top 5 cryptocurrencies by 2021 50-day SMA ($27.65).XRP/USDXRP turned down from top 5 cryptocurrencies by 2021 $0.50 overhead resistance and broke below top 5 cryptocurrencies by 2021 20-day EMA ($0.464) on March 10. This suggests a lack of demand at higher levels. However, top 5 cryptocurrencies by 2021 bulls are presently trying to defend top 5 cryptocurrencies by 2021 50-day SMA ($0.445).If they manage to push top 5 cryptocurrencies by 2021 price above top 5 cryptocurrencies by 2021 20-day EMA, top 5 cryptocurrencies by 2021 XRP/USD pair may rise to $0.50. A break above this resistance could attract buying that may drive top 5 cryptocurrencies by 2021 price to $0.57 and then $0.65.Alternatively, if top 5 cryptocurrencies by 2021 bears sustain top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 50-day SMA, top 5 cryptocurrencies by 2021 pair could drop to $0.392 and then to $0.359. The 20-day EMA is flat and top 5 cryptocurrencies by 2021 RSI is just below top 5 cryptocurrencies by 2021 midpoint, indicating a possible range-bound action in top 5 cryptocurrencies by 2021 short term.UNI/USDThe long tail on March 11 and today’s candlestick suggests top 5 cryptocurrencies by 2021 bulls are buying top 5 cryptocurrencies by 2021 dips. Traders may now try to propel Uniswap (UNI) above top 5 cryptocurrencies by 2021 $33 to $34.92 overhead resistance zone.If they succeed, top 5 cryptocurrencies by 2021 UNI/USD pair could start top 5 cryptocurrencies by 2021 next leg of top 5 cryptocurrencies by 2021 uptrend that may reach $46 and then $50. The rising moving averages and top 5 cryptocurrencies by 2021 RSI in top 5 cryptocurrencies by 2021 positive territory indicate top 5 cryptocurrencies by 2021 bulls are in command.However, if top 5 cryptocurrencies by 2021 price turns down from top 5 cryptocurrencies by 2021 current level or top 5 cryptocurrencies by 2021 overhead resistance and breaks below top 5 cryptocurrencies by 2021 20-day EMA ($27.90), short-term traders may book profits. That may drag top 5 cryptocurrencies by 2021 pair down to top 5 cryptocurrencies by 2021 50-day SMA ($22.13).LTC/USDLitecoin’s (LTC) tight consolidation between top 5 cryptocurrencies by 2021 $205.18 overhead resistance and top 5 cryptocurrencies by 2021 20-day EMA ($192) resolved to top 5 cryptocurrencies by 2021 upside today. This suggests top 5 cryptocurrencies by 2021 demand from top 5 cryptocurrencies by 2021 bulls has exceeded top 5 cryptocurrencies by 2021 will of bearish traders.The bulls will now try to push top 5 cryptocurrencies by 2021 price to $246.96. The 20-day EMA has started to turn up and top 5 cryptocurrencies by 2021 RSI has risen above 62, which suggests top 5 cryptocurrencies by 2021 bulls have top 5 cryptocurrencies by 2021 upper hand.On top 5 cryptocurrencies by 2021 contrary, if top 5 cryptocurrencies by 2021 LTC/USD pair fails to sustain above $246.96, it will indicate top 5 cryptocurrencies by 2021 bears are selling at higher levels.That may trap top 5 cryptocurrencies by 2021 aggressive bulls, who may cover their positions if top 5 cryptocurrencies by 2021 pair breaks below top 5 cryptocurrencies by 2021 20-day EMA. The bears may gain top 5 cryptocurrencies by 2021 upper hand if top 5 cryptocurrencies by 2021 pair plummets below top 5 cryptocurrencies by 2021 uptrend line.LINK/USDChainlink (LINK) dipped below top 5 cryptocurrencies by 2021 20-day EMA ($28.99) today, but top 5 cryptocurrencies by 2021 bulls are defending top 5 cryptocurrencies by 2021 50-day SMA ($27.53). A strong bounce off this level will suggest top 5 cryptocurrencies by 2021 bulls continue to buy top 5 cryptocurrencies by 2021 dip. The buyers will then try to propel top 5 cryptocurrencies by 2021 price above top 5 cryptocurrencies by 2021 $32 overhead resistance.If they succeed, top 5 cryptocurrencies by 2021 LINK/USD pair will complete a bullish ascending triangle pattern that may attract buying from traders. The pattern target of this setup is $43.19, but top 5 cryptocurrencies by 2021 rise may face stiff resistance at top 5 cryptocurrencies by 2021 current all-time high at $36.93.This bullish view will be invalidated if top 5 cryptocurrencies by 2021 price drops and sustains below top 5 cryptocurrencies by 2021 moving averages. The pair could then decline to $24 and then to $20.11. The flat moving averages and top 5 cryptocurrencies by 2021 RSI near top 5 cryptocurrencies by 2021 midpoint suggest a few days of range-bound action.BCH/USDThe failure of top 5 cryptocurrencies by 2021 bulls to push Bitcoin Cash (BCH) above top 5 cryptocurrencies by 2021 $560 overhead resistance attracted profit-booking by short-term traders. However, top 5 cryptocurrencies by 2021 long tail on top 5 cryptocurrencies by 2021 daily candlestick suggests top 5 cryptocurrencies by 2021 bulls are continuing to buy top 5 cryptocurrencies by 2021 dips.If they succeed, top 5 cryptocurrencies by 2021 LINK/USD pair will complete a bullish ascending triangle pattern that may attract buying from traders. The pattern target of this setup is $43.19, but top 5 cryptocurrencies by 2021 rise may face stiff resistance at top 5 cryptocurrencies by 2021 current all-time high at $36.93.This bullish view will be invalidated if top 5 cryptocurrencies by 2021 price drops and sustains below top 5 cryptocurrencies by 2021 moving averages. The pair could then decline to $24 and then to $20.11. The flat moving averages and top 5 cryptocurrencies by 2021 RSI near top 5 cryptocurrencies by 2021 midpoint suggest a few days of range-bound action.BCH/USDThe failure of top 5 cryptocurrencies by 2021 bulls to push Bitcoin Cash (BCH) above top 5 cryptocurrencies by 2021 $560 overhead resistance attracted profit-booking by short-term traders. However, top 5 cryptocurrencies by 2021 long tail on top 5 cryptocurrencies by 2021 daily candlestick suggests top 5 cryptocurrencies by 2021 bulls are continuing to buy top 5 cryptocurrencies by 2021 dips.The flat moving averages and top 5 cryptocurrencies by 2021 RSI near top 5 cryptocurrencies by 2021 midpoint show a balance between supply and demand.This equilibrium may shift in favor of top 5 cryptocurrencies by 2021 bulls if they can drive top 5 cryptocurrencies by 2021 BCH/USD pair above $560. Such a move will suggest that top 5 cryptocurrencies by 2021 bulls have absorbed top 5 cryptocurrencies by 2021 supply. That could start top 5 cryptocurrencies by 2021 next leg of top 5 cryptocurrencies by 2021 up-move to $631.71 and then $745.Conversely, if top 5 cryptocurrencies by 2021 pair sustains below top 5 cryptocurrencies by 2021 moving averages, it will suggest top 5 cryptocurrencies by 2021 bears have overpowered top 5 cryptocurrencies by 2021 dip buyers. Such a move could result in a drop to $472.72 and then $432.02.The views and opinions expressed here are solely those of top 5 cryptocurrencies by 2021 author and do not necessarily reflect top 5 cryptocurrencies by 2021 views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.Market data is provided by HitBTC exchange.Price analysis 3/10: BTC, ETH, BNB, ADA, DOT, XRP, UNI, LTC, LINK, BCHLong-term investors use dips in a strong uptrend to buy while short-term investors are fixated on calling a top. In top 5 cryptocurrencies by 2021 past few days, data from Glassnode has shown significantly sized Bitcoin (BTC) outflows from Coinbase exchange, which is a sign of accumulation according to analysts.It is encouraging to note that top 5 cryptocurrencies by 2021 demand is not limited to one exchange and data from Material Indicators shows buy orders of $100,000 and higher are reaching an all-time high.This shows that top 5 cryptocurrencies by 2021 influx of institutional investors and large corporations entering top 5 cryptocurrencies by 2021 crypto sector continues to accelerate. Proof of this comes as American Residential Warranty became top 5 cryptocurrencies by 2021 latest company to buy Bitcoin in order to maximize top 5 cryptocurrencies by 2021 returns on its investment portfolio.Another positive sign is top 5 cryptocurrencies by 2021 relative movement of top 5 cryptocurrencies by 2021 U.S. dollar and Bitcoin. Usually, these assets are inversely correlated, meaning when top 5 cryptocurrencies by 2021 U.S. dollar rises, Bitcoin comes under pressure and vice versa.However, in top 5 cryptocurrencies by 2021 past few days, top 5 cryptocurrencies by 2021 rise in top 5 cryptocurrencies by 2021 U.S. dollar currency index (DXY) has not been able to stall Bitcoin’s bullish momentum. When a negative event fails to put brakes on top 5 cryptocurrencies by 2021 rally, it is a sign of strong demand.Let’s study top 5 cryptocurrencies by 2021 charts of top 5 cryptocurrencies by 2021 top-10 cryptocurrencies to determine top 5 cryptocurrencies by 2021 possible target objectives and top 5 cryptocurrencies by 2021 critical levels on top 5 cryptocurrencies by 2021 upside.BTC/USDBitcoin broke above top 5 cryptocurrencies by 2021 $52,040.95 overhead resistance on March 8, which completed an ascending triangle pattern. This bullish setup has a target objective at $61,075.13. The bears attempted to stall top 5 cryptocurrencies by 2021 up-move today, but top 5 cryptocurrencies by 2021 long tail on top 5 cryptocurrencies by 2021 candlestick shows strong buying on dips.The 20-day exponential moving average ($50,140) has turned up and top 5 cryptocurrencies by 2021 relative strength index (RSI) has risen close to top 5 cryptocurrencies by 2021 overbought territory, indicating that bulls are in control.If top 5 cryptocurrencies by 2021 bulls can drive top 5 cryptocurrencies by 2021 price above top 5 cryptocurrencies by 2021 all-time high at $58,341.03, top 5 cryptocurrencies by 2021 next leg of top 5 cryptocurrencies by 2021 uptrend could begin. The next major target on top 5 cryptocurrencies by 2021 upside is $72,112.Another possibility is that top 5 cryptocurrencies by 2021 price may rise above top 5 cryptocurrencies by 2021 all-time high, but top 5 cryptocurrencies by 2021 bears will try to trap top 5 cryptocurrencies by 2021 aggressive bulls and attempt to pull top 5 cryptocurrencies by 2021 price below $52,040.95.In order to reverse top 5 cryptocurrencies by 2021 trend, top 5 cryptocurrencies by 2021 bears will have to sink top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 most recent swing low at $43,006.77.ETH/USDThe bulls are attempting to resume top 5 cryptocurrencies by 2021 uptrend in Ether (ETH) and top 5 cryptocurrencies by 2021 20-day EMA ($1,673) has started to turn up as top 5 cryptocurrencies by 2021 RSI moves above 60.If top 5 cryptocurrencies by 2021 bulls can sustain top 5 cryptocurrencies by 2021 price above $1,879.915, top 5 cryptocurrencies by 2021 ETH/USD pair could retest top 5 cryptocurrencies by 2021 all-time high at $2,040.774. A breakout of this resistance could resume top 5 cryptocurrencies by 2021 uptrend with top 5 cryptocurrencies by 2021 next target objective at $2,614.This bullish view will invalidate if top 5 cryptocurrencies by 2021 price turns down from top 5 cryptocurrencies by 2021 current levels or top 5 cryptocurrencies by 2021 overhead resistance and breaks below top 5 cryptocurrencies by 2021 moving averages. Such a move could keep top 5 cryptocurrencies by 2021 pair stuck inside a large range. The trend could favor top 5 cryptocurrencies by 2021 bears if top 5 cryptocurrencies by 2021 price breaks below top 5 cryptocurrencies by 2021 $1,289 support.BNB/USDBinance Coin (BNB) soared above top 5 cryptocurrencies by 2021 $265 overhead resistance on March 9, which suggests top 5 cryptocurrencies by 2021 bulls are attempting to resume top 5 cryptocurrencies by 2021 uptrend. The long tail on today’s candlestick shows top 5 cryptocurrencies by 2021 bulls are buying on dips.The buyers will now try to push top 5 cryptocurrencies by 2021 price above $309.49. If they succeed, top 5 cryptocurrencies by 2021 BNB/USD pair could rally to top 5 cryptocurrencies by 2021 all-time high at $348.69. A breakout of this resistance could start top 5 cryptocurrencies by 2021 next leg of top 5 cryptocurrencies by 2021 up-move to $410 and then $500.The upsloping moving averages and top 5 cryptocurrencies by 2021 RSI near top 5 cryptocurrencies by 2021 overbought territory also suggest top 5 cryptocurrencies by 2021 path of least resistance is to top 5 cryptocurrencies by 2021 upside. This bullish view could invalidate if top 5 cryptocurrencies by 2021 price turns down and breaks below top 5 cryptocurrencies by 2021 20-day EMA ($231). Such a move may result in a decline to top 5 cryptocurrencies by 2021 critical support at $189.ADA/USDCardano (ADA) has been trading in a tight range between $1.0683 and $1.2303 for top 5 cryptocurrencies by 2021 past few days. A positive sign is that top 5 cryptocurrencies by 2021 bulls have not allowed top 5 cryptocurrencies by 2021 price to dip and sustain below top 5 cryptocurrencies by 2021 20-day EMA ($1.102).If top 5 cryptocurrencies by 2021 bulls can propel top 5 cryptocurrencies by 2021 price above $1.2303, top 5 cryptocurrencies by 2021 ADA/USD pair could start its journey to $1.35 and then to $1.48. The upsloping moving averages and top 5 cryptocurrencies by 2021 RSI in top 5 cryptocurrencies by 2021 positive territory indicate that bulls are in control.Contrary to this assumption, if top 5 cryptocurrencies by 2021 price turns down and breaks below top 5 cryptocurrencies by 2021 range, it could signal a deeper correction. There is a minor support at $0.90 but if it cracks, top 5 cryptocurrencies by 2021 pair may drop to top 5 cryptocurrencies by 2021 50-day simple moving average at $0.801.DOT/USDPolkadot's DOT token rebounded off top 5 cryptocurrencies by 2021 20-day EMA ($34.07) on March 8 and broke above top 5 cryptocurrencies by 2021 downtrend line of top 5 cryptocurrencies by 2021 symmetrical triangle on March 9. The altcoin could now rally to $42.2848 and then to top 5 cryptocurrencies by 2021 pattern target at $52.50.The upsloping moving averages and top 5 cryptocurrencies by 2021 RSI above 66 also suggest that top 5 cryptocurrencies by 2021 bulls have top 5 cryptocurrencies by 2021 upper hand. This bullish view will be negated if top 5 cryptocurrencies by 2021 price turns down from top 5 cryptocurrencies by 2021 current levels or top 5 cryptocurrencies by 2021 overhead resistance at $42.2848 and breaks below top 5 cryptocurrencies by 2021 support line of top 5 cryptocurrencies by 2021 triangle.Such a move could trap top 5 cryptocurrencies by 2021 aggressive bulls and result in top 5 cryptocurrencies by 2021 liquidation of long positions. If top 5 cryptocurrencies by 2021 price sustains below top 5 cryptocurrencies by 2021 triangle, top 5 cryptocurrencies by 2021 DOT/USD pair could extend its decline to top 5 cryptocurrencies by 2021 50-day SMA ($26.90).XRP/USDXRP has once again turned down from top 5 cryptocurrencies by 2021 $0.50 overhead resistance. This shows that top 5 cryptocurrencies by 2021 bears continue to sell on relief rallies to this level. If top 5 cryptocurrencies by 2021 bears sink top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 trendline, it will negate top 5 cryptocurrencies by 2021 ascending triangle pattern.A break below top 5 cryptocurrencies by 2021 50-day SMA ($0.43) will clear top 5 cryptocurrencies by 2021 path for a possible drop to $0.359. If top 5 cryptocurrencies by 2021 price rebounds off this support, it could keep top 5 cryptocurrencies by 2021 XRP/USD pair range-bound for a few more days.Conversely, a break below $0.359 will complete a bearish head and shoulders pattern, which could result in a decline to $0.17351.This bearish view will invalidate if top 5 cryptocurrencies by 2021 price turns up from top 5 cryptocurrencies by 2021 current levels and rises above $0.50. Such a move could open top 5 cryptocurrencies by 2021 doors for a rally to $0.57 and then $0.65.UNI/USDUniswap (UNI) has dropped below top 5 cryptocurrencies by 2021 breakout level of $33 and top 5 cryptocurrencies by 2021 bears will now try to pull top 5 cryptocurrencies by 2021 price down to top 5 cryptocurrencies by 2021 20-day EMA ($27.33). The upsloping moving averages and top 5 cryptocurrencies by 2021 RSI in top 5 cryptocurrencies by 2021 positive zone suggest top 5 cryptocurrencies by 2021 path of least resistance is to top 5 cryptocurrencies by 2021 upside.If top 5 cryptocurrencies by 2021 price rebounds off top 5 cryptocurrencies by 2021 20-day EMA, top 5 cryptocurrencies by 2021 bulls will once again try to resume top 5 cryptocurrencies by 2021 uptrend. The UNI/USD pair could pick up momentum on a break above $35. The target objective on top 5 cryptocurrencies by 2021 upside is $46.Contrary to this assumption, if top 5 cryptocurrencies by 2021 bears sink and sustain top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 20-day EMA, it will suggest a possible change in trend. The next support on top 5 cryptocurrencies by 2021 downside is top 5 cryptocurrencies by 2021 50-day SMA at $21.25 and below it $18.LTC/USDLitecoin (LTC) broke above top 5 cryptocurrencies by 2021 20-day EMA ($189) on March 7 and has reached top 5 cryptocurrencies by 2021 $205.18 overhead resistance. This level may act as a hurdle, but if top 5 cryptocurrencies by 2021 bulls can push top 5 cryptocurrencies by 2021 price above it, a rally to $227 and then to $246.96 may be on top 5 cryptocurrencies by 2021 cards.The 20-day EMA has started to turn up and top 5 cryptocurrencies by 2021 RSI has risen into top 5 cryptocurrencies by 2021 positive territory, indicating an advantage to top 5 cryptocurrencies by 2021 bulls.However, top 5 cryptocurrencies by 2021 bears are unlikely to give up easily. If top 5 cryptocurrencies by 2021 price turns down and breaks below top 5 cryptocurrencies by 2021 moving averages, top 5 cryptocurrencies by 2021 LTC/USD pair could drop to top 5 cryptocurrencies by 2021 uptrend line. A breakdown and close below this support could intensify top 5 cryptocurrencies by 2021 selling.LINK/USDChainlink (LINK) soared above top 5 cryptocurrencies by 2021 20-day EMA ($28.99) on March 8 and reached top 5 cryptocurrencies by 2021 overhead resistance at $32. However, top 5 cryptocurrencies by 2021 bulls could not push top 5 cryptocurrencies by 2021 price above it, indicating selling by top 5 cryptocurrencies by 2021 bears near top 5 cryptocurrencies by 2021 resistance.The price has turned down from $32 and top 5 cryptocurrencies by 2021 bears are now trying to sink top 5 cryptocurrencies by 2021 LINK/USD pair below top 5 cryptocurrencies by 2021 trendline. If they manage to do that, top 5 cryptocurrencies by 2021 bullish ascending triangle pattern will be invalidated.When a bullish setup breaks down, it usually traps top 5 cryptocurrencies by 2021 aggressive buyers who are then forced to cover their positions. The support level to watch on top 5 cryptocurrencies by 2021 downside is $24 and then $20.11.Conversely, if top 5 cryptocurrencies by 2021 price rebounds off top 5 cryptocurrencies by 2021 20-day EMA, top 5 cryptocurrencies by 2021 bulls will try to push top 5 cryptocurrencies by 2021 pair above $32. If they succeed, top 5 cryptocurrencies by 2021 pair may start its rally to $36.93 and then to $43.19. The gradually rising moving averages and top 5 cryptocurrencies by 2021 RSI just above top 5 cryptocurrencies by 2021 midpoint suggest a minor advantage to top 5 cryptocurrencies by 2021 bulls.BCH/USDBitcoin Cash (BCH) has formed an ascending triangle pattern that will complete on a breakout and close above $560. If that happens, top 5 cryptocurrencies by 2021 altcoin could start its journey to $631.71 and then to top 5 cryptocurrencies by 2021 pattern target at $688.On top 5 cryptocurrencies by 2021 contrary, if top 5 cryptocurrencies by 2021 price turns down from $560, top 5 cryptocurrencies by 2021 bears will try to sink it below top 5 cryptocurrencies by 2021 moving averages and top 5 cryptocurrencies by 2021 trendline. If they succeed, top 5 cryptocurrencies by 2021 BCH/USD pair could drop to $472.72 and then $432.02.Both moving averages are flat and top 5 cryptocurrencies by 2021 RSI has been hovering around top 5 cryptocurrencies by 2021 midpoint, which does not give a clear advantage either to top 5 cryptocurrencies by 2021 bulls or top 5 cryptocurrencies by 2021 bears.The views and opinions expressed here are solely those of top 5 cryptocurrencies by 2021 author and do not necessarily reflect top 5 cryptocurrencies by 2021 views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.Market data is provided by HitBTC exchange.Price analysis 3/8: BTC, ETH, BNB, ADA, DOT, XRP, UNI, LINK, LTC, BCHBitcoin and altcoins are picking up momentum as bulls attempt to secure a daily close above top 5 cryptocurrencies by 2021 $52,000 level.Data from Glassnode shows that Bitcoin (BTC) held on centralized exchanges has dropped by about 20% in top 5 cryptocurrencies by 2021 past 12 months. This suggests that investors are withdrawing their Bitcoin to top 5 cryptocurrencies by 2021 cold storage with a view of possibly holding them for top 5 cryptocurrencies by 2021 long term. This has reduced top 5 cryptocurrencies by 2021 available supply while top 5 cryptocurrencies by 2021 demand has continued to increase.The arrival of exchange-traded funds could increase top 5 cryptocurrencies by 2021 supply crunch further. After top 5 cryptocurrencies by 2021 success of top 5 cryptocurrencies by 2021 TSX Purpose Bitcoin exchange-traded fund, Canada could launch top 5 cryptocurrencies by 2021 second Bitcoin ETF by Galaxy Digital Capital Management, a subsidiary of Galaxy Digital. The approval of Bitcoin ETFs in Canada could place further pressure on U.S. regulators to be more accommodative in their approach of evaluating BTC ETF proposals.Meanwhile, companies across top 5 cryptocurrencies by 2021 globe have continued to open their coffers to buy Bitcoin. The latest listed company that plans to buy Bitcoin is top 5 cryptocurrencies by 2021 Norwegian investment firm Aker ASA, which intends to do it through a subsidiary company called Seetee AS. This shows that top 5 cryptocurrencies by 2021 trend has only started and several companies worldwide could allocate a portion of their reserves to be held in Bitcoin.Goldman Sachs has confirmed top 5 cryptocurrencies by 2021 launch of its crypto desk that will support CME Bitcoin futures and non-deliverable forward (NDFs) which are cash-settled. Interestingly, an internal survey by top 5 cryptocurrencies by 2021 banking giant shows that 40% of its clients already have a crypto position. The respondents of top 5 cryptocurrencies by 2021 survey expect Bitcoin to end 2021 between $40,000 and $100,000.Let’s study top 5 cryptocurrencies by 2021 charts of top 5 cryptocurrencies by 2021 top-10 cryptocurrencies to spot top 5 cryptocurrencies by 2021 critical support and resistance levels.BTC/USDBitcoin is currently trading between top 5 cryptocurrencies by 2021 20-day exponential moving average ($48,701) and top 5 cryptocurrencies by 2021 overhead resistance at $52,040. This tight range trading is unlikely to continue for long.Although top 5 cryptocurrencies by 2021 20-day EMA is flat, top 5 cryptocurrencies by 2021 relative strength index (RSI) has been gradually rising, indicating that top 5 cryptocurrencies by 2021 bulls are attempting to take control.If bulls can push and close top 5 cryptocurrencies by 2021 price above $52,040, top 5 cryptocurrencies by 2021 BTC/USD pair will complete an ascending triangle pattern. This could result in a retest of top 5 cryptocurrencies by 2021 all-time high at $58,341 and then to $61,075, which is top 5 cryptocurrencies by 2021 pattern target of top 5 cryptocurrencies by 2021 breakout from top 5 cryptocurrencies by 2021 triangle.On top 5 cryptocurrencies by 2021 contrary, if top 5 cryptocurrencies by 2021 price turns down from top 5 cryptocurrencies by 2021 current level and breaks below top 5 cryptocurrencies by 2021 trendline, it may attract profit-booking from short-term momentum traders. The pair could then drop to $46,313 and if this support also cracks, top 5 cryptocurrencies by 2021 decline may extend to $41,959.ETH/USDEther (ETH) broke above top 5 cryptocurrencies by 2021 $1,670 overhead resistance on March 7, which suggests strength. The 20-day EMA ($1,624) has started to turn up and top 5 cryptocurrencies by 2021 RSI has risen above 57, indicating a minor advantage to top 5 cryptocurrencies by 2021 bulls.If top 5 cryptocurrencies by 2021 bulls can sustain top 5 cryptocurrencies by 2021 price above top 5 cryptocurrencies by 2021 moving averages, top 5 cryptocurrencies by 2021 ETH/USD pair could retest top 5 cryptocurrencies by 2021 all-time high at $2,040. A breakout of this resistance could start top 5 cryptocurrencies by 2021 next leg of top 5 cryptocurrencies by 2021 uptrend.Contrary to this assumption, if top 5 cryptocurrencies by 2021 price turns down and breaks below top 5 cryptocurrencies by 2021 50-day simple moving average at $1,572 top 5 cryptocurrencies by 2021 pair may retest top 5 cryptocurrencies by 2021 critical support at $1,289.BNB/USDBinance Coin (BNB) rebounded off top 5 cryptocurrencies by 2021 20-day EMA ($217) on March 5, but top 5 cryptocurrencies by 2021 bulls have not been able to push top 5 cryptocurrencies by 2021 price to top 5 cryptocurrencies by 2021 $265 overhead resistance. This suggests that demand dries up at higher levels.If top 5 cryptocurrencies by 2021 bears sink top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 20-day EMA support, top 5 cryptocurrencies by 2021 BNB/USD pair could drop to $189. A breakdown and close below this support may open top 5 cryptocurrencies by 2021 doors for a decline to top 5 cryptocurrencies by 2021 50-day SMA at $137.On top 5 cryptocurrencies by 2021 contrary, if top 5 cryptocurrencies by 2021 price rebounds off top 5 cryptocurrencies by 2021 20-day EMA, top 5 cryptocurrencies by 2021 bulls will try to propel top 5 cryptocurrencies by 2021 pair above $265. If they succeed, a rally to $309.49 is possible. The gradually rising 20-day EMA and top 5 cryptocurrencies by 2021 RSI above 57 suggest a minor advantage to top 5 cryptocurrencies by 2021 bulls.ADA/USDCardano (ADA) has been holding above top 5 cryptocurrencies by 2021 20-day EMA ($1.08) for top 5 cryptocurrencies by 2021 past four days, but top 5 cryptocurrencies by 2021 failure of top 5 cryptocurrencies by 2021 bulls to start a strong rebound suggests a lack of aggressive buying at top 5 cryptocurrencies by 2021 current levels.The bears may now try to break top 5 cryptocurrencies by 2021 20-day EMA support and deepen top 5 cryptocurrencies by 2021 correction to $0.9817712 and then to top 5 cryptocurrencies by 2021 50-day SMA at$ 0.769.However, top 5 cryptocurrencies by 2021 flattening 20-day EMA and top 5 cryptocurrencies by 2021 RSI above 58 indicates that top 5 cryptocurrencies by 2021 bulls are at a minor advantage.If top 5 cryptocurrencies by 2021 price can rebound off top 5 cryptocurrencies by 2021 current levels and rise above $1.20, top 5 cryptocurrencies by 2021 ADA/USD pair could rally to $1.35 and then to $1.48.DOT/USDPolkadot (DOT) is currently trading inside a symmetrical triangle, which generally acts as a continuation pattern. But in some cases, top 5 cryptocurrencies by 2021 symmetrical triangle plays top 5 cryptocurrencies by 2021 role of a reversal pattern, signaling a trend change.If top 5 cryptocurrencies by 2021 bears sink top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 support line of top 5 cryptocurrencies by 2021 triangle, top 5 cryptocurrencies by 2021 DOT/USD pair could witness selling from top 5 cryptocurrencies by 2021 short-term bulls. The pair could then drop to $26.50 and top 5 cryptocurrencies by 2021 pattern target is at $17.Conversely, if top 5 cryptocurrencies by 2021 price rebounds off top 5 cryptocurrencies by 2021 current level and rises above top 5 cryptocurrencies by 2021 triangle, top 5 cryptocurrencies by 2021 pair may retest top 5 cryptocurrencies by 2021 all-time high at $42.28. If this level is crossed, top 5 cryptocurrencies by 2021 price may extend top 5 cryptocurrencies by 2021 rally to top 5 cryptocurrencies by 2021 pattern target at $52.50.XRP/USDXRP has formed an ascending triangle pattern in top 5 cryptocurrencies by 2021 short term, which will complete on a breakout and close above $0.50. This bullish setup has a target objective at $0.635.On top 5 cryptocurrencies by 2021 other hand, if top 5 cryptocurrencies by 2021 price turns down from top 5 cryptocurrencies by 2021 current level and breaks below top 5 cryptocurrencies by 2021 trendline of top 5 cryptocurrencies by 2021 ascending triangle, top 5 cryptocurrencies by 2021 XRP/USD pair could drop to $0.359. A breakdown and close below $0.359 will complete a bearish head and shoulders pattern that may pull top 5 cryptocurrencies by 2021 price down to $0.173.The flat 20-day EMA ($0.46) and top 5 cryptocurrencies by 2021 RSI just above 52 do not foretell a clear advantage either to top 5 cryptocurrencies by 2021 bulls or top 5 cryptocurrencies by 2021 bears. Therefore, it is best to wait for a decisive breakout to happen before taking a positional call.UNI/USDUniswap (UNI) soared to a new all-time high on March 7, but top 5 cryptocurrencies by 2021 bulls have not been able to build up on this strength. The bears are currently attempting to sink top 5 cryptocurrencies by 2021 price back below top 5 cryptocurrencies by 2021 previous resistance turned support at $33.If they succeed, top 5 cryptocurrencies by 2021 UNI/USD pair could correct to $30 and then to top 5 cryptocurrencies by 2021 20-day EMA ($26.23). A strong rebound off either support will suggest that traders continue to buy top 5 cryptocurrencies by 2021 dips. The bulls will then again try to resume top 5 cryptocurrencies by 2021 uptrend.A breakout and close above $35 could start top 5 cryptocurrencies by 2021 journey to $46. The upsloping moving averages and top 5 cryptocurrencies by 2021 RSI in top 5 cryptocurrencies by 2021 overbought zone suggest top 5 cryptocurrencies by 2021 path of least resistance is to top 5 cryptocurrencies by 2021 upside.This positive view will invalidate if top 5 cryptocurrencies by 2021 price turns down and breaks below top 5 cryptocurrencies by 2021 20-day EMA support. This could pull top 5 cryptocurrencies by 2021 price down to top 5 cryptocurrencies by 2021 50-day SMA at $20.31.LINK/USDChainlink (LINK) is currently range-bound between $24 and $32. The bulls pushed top 5 cryptocurrencies by 2021 price above top 5 cryptocurrencies by 2021 20-day EMA at $28.46 on March 7 and that cleared top 5 cryptocurrencies by 2021 path for a possible rally to top 5 cryptocurrencies by 2021 $32 overhead resistance.If top 5 cryptocurrencies by 2021 LINK/USD pair breaks and closes above $32, it will complete an ascending triangle pattern. This bullish setup has a target objective at $43.191. While top 5 cryptocurrencies by 2021 20-day EMA is flat, top 5 cryptocurrencies by 2021 RSI in top 5 cryptocurrencies by 2021 positive zone indicates a minor advantage to top 5 cryptocurrencies by 2021 bulls.However, if top 5 cryptocurrencies by 2021 price turns down sharply from $32 and breaks below top 5 cryptocurrencies by 2021 trendline of top 5 cryptocurrencies by 2021 triangle, it could extend top 5 cryptocurrencies by 2021 stay inside top 5 cryptocurrencies by 2021 range. The trend may favor top 5 cryptocurrencies by 2021 bears if top 5 cryptocurrencies by 2021 price turns down and breaks below top 5 cryptocurrencies by 2021 $24 support. Such a move could pull top 5 cryptocurrencies by 2021 price down to $20.111.LTC/USDLitecoin (LTC) is facing stiff resistance in top 5 cryptocurrencies by 2021 $185.58 to $196.30 zone. The altcoin has turned down from top 5 cryptocurrencies by 2021 overhead resistance today and dipped back below $185.58, which suggests profit-booking at higher levels.The bears will now try to sink top 5 cryptocurrencies by 2021 price to top 5 cryptocurrencies by 2021 50-day SMA at $171.94 and then to top 5 cryptocurrencies by 2021 uptrend line. A break below this support could start a deeper correction to $152 and then to $120.However, top 5 cryptocurrencies by 2021 20-day EMA ($185) has flattened out and top 5 cryptocurrencies by 2021 RSI is near top 5 cryptocurrencies by 2021 midpoint, suggesting a range-bound action for a few days.The trend may favor top 5 cryptocurrencies by 2021 bulls if top 5 cryptocurrencies by 2021 price turns up from top 5 cryptocurrencies by 2021 current levels and rises above $196.30. In this case, top 5 cryptocurrencies by 2021 LTC/USD pair may rally to $246.96. A breakout of this resistance could signal top 5 cryptocurrencies by 2021 resumption of top 5 cryptocurrencies by 2021 uptrend.BCH/USDBitcoin Cash (BCH) is currently sandwiched between top 5 cryptocurrencies by 2021 uptrend line and top 5 cryptocurrencies by 2021 overhead resistance at $539. The altcoin has formed a Doji candlestick pattern today, indicating indecision among top 5 cryptocurrencies by 2021 bulls and top 5 cryptocurrencies by 2021 bears.However, top 5 cryptocurrencies by 2021 gradually downsloping 20-day EMA at $531 and top 5 cryptocurrencies by 2021 RSI below 48 suggest a minor advantage to top 5 cryptocurrencies by 2021 bears. If top 5 cryptocurrencies by 2021 sellers can sink top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 uptrend line, top 5 cryptocurrencies by 2021 BCH/USD pair could drop to $440 and then to $370.On top 5 cryptocurrencies by 2021 other hand, if top 5 cryptocurrencies by 2021 bulls can propel and sustain top 5 cryptocurrencies by 2021 price above $539, top 5 cryptocurrencies by 2021 pair could start its journey toward $631.71.The views and opinions expressed here are solely those of top 5 cryptocurrencies by 2021 author and do not necessarily reflect top 5 cryptocurrencies by 2021 views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.Price analysis 3/5: BTC, ETH, ADA, BNB, DOT, XRP, UNI, LTC, LINK, BCHAnalysts expect top 5 cryptocurrencies by 2021 U.S. economy to stage a strong recovery in top 5 cryptocurrencies by 2021 second half of this year as coronavirus vaccines are distributed and economic activity begins to increase. As growth picks up, inflation concerns are also on top 5 cryptocurrencies by 2021 rise. Speculation is rife that top 5 cryptocurrencies by 2021 U.S. Federal Reserve may have to adjust its dovish stance to hold down interest rates.In anticipation, top 5 cryptocurrencies by 2021 10-year U.S. Treasury yield has jumped from about 1% at top 5 cryptocurrencies by 2021 start of top 5 cryptocurrencies by 2021 year to 1.626%. This has resulted in profit-booking in assets considered as risky and as equities pullback, a temporary pause may be put on Bitcoin’s (BTC) rally.The drop in investor sentiment has also hurt top 5 cryptocurrencies by 2021 stock prices of MicroStrategy and Tesla who have each invested in Bitcoin recently. MicroStrategy’s stock price has plunged by over 50% from its all-time high at $1,315, even though top 5 cryptocurrencies by 2021 price of Bitcoin is currently only down about 20% from its all-time high.Tesla, which had announced a $1.5 billion Bitcoin position on Feb. 8 has also seen its stock price plummet by over 34%. To stem top 5 cryptocurrencies by 2021 decline, longtime Tesla analyst Gary Black has suggested top 5 cryptocurrencies by 2021 electric car maker dump its Bitcoin holdings and instead use top 5 cryptocurrencies by 2021 proceeds for a stock buyback.Let’s analyze top 5 cryptocurrencies by 2021 charts of top 5 cryptocurrencies by 2021 top-10 cryptocurrencies to spot top 5 cryptocurrencies by 2021 critical support levels where buyers may step in and arrest top 5 cryptocurrencies by 2021 current decline.BTC/USDBitcoin turned down from top 5 cryptocurrencies by 2021 $52,040.95 overhead resistance on March 04, which suggests that traders are lightening up their positions at higher levels. The selling has continued and top 5 cryptocurrencies by 2021 price has dipped below top 5 cryptocurrencies by 2021 20-day exponential moving average ($48,087).If top 5 cryptocurrencies by 2021 bears can sustain top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 20-day EMA, top 5 cryptocurrencies by 2021 BTC/USD pair could now drop to top 5 cryptocurrencies by 2021 critical support at $41,959.63 where buyers are likely to step in.If top 5 cryptocurrencies by 2021 price rebounds off this support, top 5 cryptocurrencies by 2021 pair could trade between $41,959.63 and $52,040.95 for a few more days.The flat 20-day EMA and top 5 cryptocurrencies by 2021 relative strength index (RSI) near top 5 cryptocurrencies by 2021 midpoint also suggest a few days of range-bound action.Contrary to this assumption, if top 5 cryptocurrencies by 2021 price turns up from top 5 cryptocurrencies by 2021 current levels and rises above $52,040.95, it will open top 5 cryptocurrencies by 2021 doors for a rally to top 5 cryptocurrencies by 2021 all-time high.On top 5 cryptocurrencies by 2021 other hand, if top 5 cryptocurrencies by 2021 bears sink and sustain top 5 cryptocurrencies by 2021 price below $41,959.63, top 5 cryptocurrencies by 2021 pair could drop to $37,000 and then to $28,050.ETH/USDEther’s (ETH) relief rally from $1,289.09 on Feb. 28 hit a wall at top 5 cryptocurrencies by 2021 20-day EMA ($1,593) on March 3. The moving averages are on top 5 cryptocurrencies by 2021 verge of a bearish crossover and top 5 cryptocurrencies by 2021 RSI is in top 5 cryptocurrencies by 2021 negative zone, indicating a possible change in trend.If bears sink top 5 cryptocurrencies by 2021 price below $1,289, top 5 cryptocurrencies by 2021 selling could intensify and top 5 cryptocurrencies by 2021 ETH/USD pair could drop to top 5 cryptocurrencies by 2021 50% Fibonacci retracement level at $1,220 and then to top 5 cryptocurrencies by 2021 61.8% Fibonacci retracement level at $1,026.Another possibility is that top 5 cryptocurrencies by 2021 pair rebounds off $1,289 and stays range-bound for a few more days. A breakout and close above $1,670 could result in a retest of top 5 cryptocurrencies by 2021 all-time high at $2,040.ADA/USDThe bulls are currently attempting to arrest top 5 cryptocurrencies by 2021 pullback at top 5 cryptocurrencies by 2021 20-day EMA ($1.07). This suggests that top 5 cryptocurrencies by 2021 sentiment remains positive and top 5 cryptocurrencies by 2021 bulls are viewing top 5 cryptocurrencies by 2021 dips in Cardano (ADA) as a buying opportunity.The buyers will now try to push top 5 cryptocurrencies by 2021 price above $1.23. If they succeed, top 5 cryptocurrencies by 2021 ADA/USD pair may rally to $1.35 and then to top 5 cryptocurrencies by 2021 all-time high at $1.4852896.However, top 5 cryptocurrencies by 2021 bears are unlikely to give up easily. The negative divergence on top 5 cryptocurrencies by 2021 RSI shows that top 5 cryptocurrencies by 2021 momentum is weakening.If top 5 cryptocurrencies by 2021 current rebound fails to sustain, top 5 cryptocurrencies by 2021 bears will once again try to sink top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 20-day EMA. If they manage to do that, top 5 cryptocurrencies by 2021 pair could drop to $0.80 and then to top 5 cryptocurrencies by 2021 50-day simple moving average ($0.72).BNB/USDThe relief rally in Binance Coin (BNB) turned down from top 5 cryptocurrencies by 2021 overhead resistance at $265 on March 2. This suggests that traders may be using top 5 cryptocurrencies by 2021 rallies to close their long positions. The price has again dropped to top 5 cryptocurrencies by 2021 20-day EMA ($211).If top 5 cryptocurrencies by 2021 price rebounds off top 5 cryptocurrencies by 2021 20-day EMA with strength, top 5 cryptocurrencies by 2021 bulls will once again try to drive top 5 cryptocurrencies by 2021 price above $265. If they manage to do that, top 5 cryptocurrencies by 2021 BNB/USD pair could start its journey to top 5 cryptocurrencies by 2021 all-time high at $348.6969.But top 5 cryptocurrencies by 2021 20-day EMA is gradually flattening out and top 5 cryptocurrencies by 2021 RSI continues to weaken. This points to possible range-bound action in top 5 cryptocurrencies by 2021 short term. The pair could consolidate between $189 and $265 for a few days.A break and close below top 5 cryptocurrencies by 2021 $189 support could result in panic selling that can pull top 5 cryptocurrencies by 2021 price down to top 5 cryptocurrencies by 2021 50-day SMA ($126).DOT/USDPolkadot (DOT) turned down from $38.68 on March 3, which suggests that traders may have booked profits during top 5 cryptocurrencies by 2021 relief rally. The altcoin has dropped to top 5 cryptocurrencies by 2021 20-day EMA ($32.49) and top 5 cryptocurrencies by 2021 buyers are now attempting to defend this support.A strong bounce off top 5 cryptocurrencies by 2021 current levels will suggest that top 5 cryptocurrencies by 2021 sentiment remains bullish and traders are buying on dips. If top 5 cryptocurrencies by 2021 bulls can push top 5 cryptocurrencies by 2021 price above top 5 cryptocurrencies by 2021 downtrend line, top 5 cryptocurrencies by 2021 DOT/USD pair may retest top 5 cryptocurrencies by 2021 all-time high at $42.2848.On top 5 cryptocurrencies by 2021 contrary, if top 5 cryptocurrencies by 2021 price breaks and sustains below top 5 cryptocurrencies by 2021 20-day EMA, it will suggest that top 5 cryptocurrencies by 2021 supply has exceeded demand. In such a case, top 5 cryptocurrencies by 2021 pair may extend its decline to top 5 cryptocurrencies by 2021 50-day SMA ($24.89).XRP/USDXRP broke above top 5 cryptocurrencies by 2021 20-day EMA ($0.467) on March 4, but top 5 cryptocurrencies by 2021 bulls could not maintain top 5 cryptocurrencies by 2021 momentum and thrust top 5 cryptocurrencies by 2021 price above top 5 cryptocurrencies by 2021 $0.50 overhead resistance. This attracted profit booking and top 5 cryptocurrencies by 2021 price has broken below top 5 cryptocurrencies by 2021 20-day EMA today.The XRP/USD pair could now drop to top 5 cryptocurrencies by 2021 50-day SMA ($0.42) and then to $0.359. The flat 20-day EMA and top 5 cryptocurrencies by 2021 RSI just below top 5 cryptocurrencies by 2021 midpoint suggest a range-bound action for top 5 cryptocurrencies by 2021 next few days. The price may remain stuck between $0.359 and $0.50.A trending move could start if top 5 cryptocurrencies by 2021 bulls push top 5 cryptocurrencies by 2021 price above $0.50. That could result in a rally to $0.65. On top 5 cryptocurrencies by 2021 other hand, a break below $0.359 may sink top 5 cryptocurrencies by 2021 price to $0.25.UNI/USDUniswap (UNI) is in an uptrend and top 5 cryptocurrencies by 2021 bulls have been buying top 5 cryptocurrencies by 2021 dip to top 5 cryptocurrencies by 2021 20-day EMA ($24.05). The bulls tried to push and sustain top 5 cryptocurrencies by 2021 price above $29 on March 4 but top 5 cryptocurrencies by 2021 higher levels attracted profit-booking.The bears will now try to pull top 5 cryptocurrencies by 2021 price down to top 5 cryptocurrencies by 2021 20-day EMA. If top 5 cryptocurrencies by 2021 UNI/USD pair again rebounds off this support, it will suggest that traders continue to buy top 5 cryptocurrencies by 2021 dips. The bulls will then try to push and close top 5 cryptocurrencies by 2021 price above $29. If they succeed, top 5 cryptocurrencies by 2021 pair could start top 5 cryptocurrencies by 2021 next leg of top 5 cryptocurrencies by 2021 uptrend that may reach $38.Conversely, if top 5 cryptocurrencies by 2021 bears sink top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 20-day EMA, top 5 cryptocurrencies by 2021 pair could drop to $20. Such a move may result in a consolidation between $20 and $29. The trend will turn negative on a break below top 5 cryptocurrencies by 2021 50-day SMA ($18.85).LTC/USDLitecoin (LTC) broke and closed above top 5 cryptocurrencies by 2021 $185.58 resistance on March 3, but top 5 cryptocurrencies by 2021 bulls could not build upon this strength as top 5 cryptocurrencies by 2021 price turned down and dipped back below top 5 cryptocurrencies by 2021 20-day EMA ($184.43) on March 4.The bulls are currently attempting to defend top 5 cryptocurrencies by 2021 50-day SMA ($169.29) as seen from top 5 cryptocurrencies by 2021 long tail on today’s candlestick. If top 5 cryptocurrencies by 2021 rebound sustains, top 5 cryptocurrencies by 2021 bulls will again try to push top 5 cryptocurrencies by 2021 price above top 5 cryptocurrencies by 2021 $185.58 to $196.30 overhead resistance zone. If they succeed, top 5 cryptocurrencies by 2021 LTC/USD pair could rally to $205 and then to $240.However, top 5 cryptocurrencies by 2021 flat moving averages and top 5 cryptocurrencies by 2021 RSI just below top 5 cryptocurrencies by 2021 midpoint suggest a possible range formation. The pair could trade between $152 on top 5 cryptocurrencies by 2021 downside and $205 on top 5 cryptocurrencies by 2021 upside. A break above or below top 5 cryptocurrencies by 2021 range could start top 5 cryptocurrencies by 2021 next trending move.LINK/USDChainlink’s (LINK) relief rally turned down from $31.43 on March 3, which shows that traders are booking profits at higher levels. The altcoin has dipped to top 5 cryptocurrencies by 2021 50-day SMA ($26.29) but top 5 cryptocurrencies by 2021 long tail on today’s candlestick suggests top 5 cryptocurrencies by 2021 bulls are trying to defend this support.Buying on dips and selling rallies usually results in a range-bound action. The flat 20-day EMA and top 5 cryptocurrencies by 2021 RSI near top 5 cryptocurrencies by 2021 midpoint also suggest a balance between supply and demand. The LINK/USD pair could now consolidate between $24 and $32 for a few days.A breakout of top 5 cryptocurrencies by 2021 range may result in a rally to $34 and a retest of top 5 cryptocurrencies by 2021 all-time high at $36.93. Conversely, a break below $24 could pull top 5 cryptocurrencies by 2021 price down to top 5 cryptocurrencies by 2021 critical support at $20.11.BCH/USDThe bounce from top 5 cryptocurrencies by 2021 uptrend line stalled at top 5 cryptocurrencies by 2021 20-day EMA ($537) on March 3, which shows top 5 cryptocurrencies by 2021 traders are selling on rallies. Bitcoin Cash (BCH) has again dipped to top 5 cryptocurrencies by 2021 uptrend line. The repeated retest of top 5 cryptocurrencies by 2021 support at short intervals tends to weaken it.The downsloping 20-day EMA and top 5 cryptocurrencies by 2021 RSI in top 5 cryptocurrencies by 2021 negative territory suggest that bears are in control. A break below top 5 cryptocurrencies by 2021 uptrend line could sink top 5 cryptocurrencies by 2021 BCH/USD pair to $432.02 and then to top 5 cryptocurrencies by 2021 critical support at $370.This negative view will invalidate if top 5 cryptocurrencies by 2021 price rises from top 5 cryptocurrencies by 2021 current levels and rises above $539. Such a move will suggest aggressive buying at lower levels. The pair could then rally to $631.71.The views and opinions expressed here are solely those of top 5 cryptocurrencies by 2021 author and do not necessarily reflect top 5 cryptocurrencies by 2021 views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.Price analysis 3/3: BTC, ETH, ADA, BNB, DOT, XRP, LTC, LINK, BCH, XLMNow that Bitcoin price has flipped $50,000 back to support, small and large-cap altcoins are gearing up for a move higher.Bitcoin’s (BTC) resilience in top 5 cryptocurrencies by 2021 face of global market uncertainty continues to attract new institutional investors. Dan Loeb, top 5 cryptocurrencies by 2021 CEO of New York-based asset management firm Third Point, said that he has been “doing a deep dive into crypto.” To strengthen top 5 cryptocurrencies by 2021 venture investments team, Third Point hired former pro-crypto Goldman Sachs analyst Heath Terry, according to Reuters.Loeb’s move into crypto seems to have prodded 'Shark Tank' star Kevin O'Leary to allocate a portion of his portfolio to Bitcoin. Additionally, O'Leary hinted that every operating company that he had invested in was considering investing in Bitcoin.Billionaire Tim Draper expects Netflix to be top 5 cryptocurrencies by 2021 next Fortune 100 company to add Bitcoin to its balance sheet. Draper voiced his views while appearing on top 5 cryptocurrencies by 2021 Unstoppable Podcast. He also speculated that Amazon could start “accepting Bitcoin pretty soon."These developments show that top 5 cryptocurrencies by 2021 institutional adoption of Bitcoin is only in its infancy and it is likely to grow in top 5 cryptocurrencies by 2021 future.It is heartening to see that former Bitcoin naysayers are now voicing their favorable opinions of top 5 cryptocurrencies by 2021 digital asset. Billionaire Mark Cuban recently schooled gold bug Peter Schiff on Twitter, suggesting that gold would soon lose its status as a store of value. Cuban also highlighted top 5 cryptocurrencies by 2021 advantages Bitcoin held over gold.With all these positives, it is no surprise that Bitcoin's price action has resumed its bullish momentum. Let’s analyze top 5 cryptocurrencies by 2021 charts of top 5 cryptocurrencies by 2021 top-10 cryptocurrencies to spot top 5 cryptocurrencies by 2021 strengths and weaknesse.BTC/USDBitcoin surged and closed above top 5 cryptocurrencies by 2021 20-day exponential moving average ($48,123) on March 1. The bears tried to pull top 5 cryptocurrencies by 2021 price back below top 5 cryptocurrencies by 2021 20-day EMA on March 2 but failed, which suggests that traders are buying on dips.The buyers pushed top 5 cryptocurrencies by 2021 price above top 5 cryptocurrencies by 2021 $52,040.95 overhead resistance today but top 5 cryptocurrencies by 2021 bears are not ready to give up just yet. The long wick on top 5 cryptocurrencies by 2021 day’s candlestick suggests top 5 cryptocurrencies by 2021 bears are selling on rallies.If top 5 cryptocurrencies by 2021 price turns down from top 5 cryptocurrencies by 2021 current levels and breaks below top 5 cryptocurrencies by 2021 20-day EMA, top 5 cryptocurrencies by 2021 BTC/USD pair could drop to $41,959.63. The price could then remain range-bound between these two levels for a few days.This neutral view will invalidate if top 5 cryptocurrencies by 2021 bulls can push and sustain top 5 cryptocurrencies by 2021 price above $52,040.95. If that happens, top 5 cryptocurrencies by 2021 pair could retest top 5 cryptocurrencies by 2021 all-time high at $58,341.03.On top 5 cryptocurrencies by 2021 other hand, a break below top 5 cryptocurrencies by 2021 50-day simple moving average ($41,921) will be top 5 cryptocurrencies by 2021 first indication of a possible change in trend.ETH/USDEther’s (ETH) has broken above both moving averages today and top 5 cryptocurrencies by 2021 bulls are currently attempting to resume top 5 cryptocurrencies by 2021 uptrend. However, top 5 cryptocurrencies by 2021 bears are unlikely to give up easily as they may try to stall top 5 cryptocurrencies by 2021 up-move at top 5 cryptocurrencies by 2021 current levels.If top 5 cryptocurrencies by 2021 price turns down from top 5 cryptocurrencies by 2021 20-day EMA, it will signal that trader's sentiment is shifting from buying on dips to selling during rallies.The bears may gain top 5 cryptocurrencies by 2021 upper hand if they can sink top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 $1,289.098 support. If that happens, top 5 cryptocurrencies by 2021 ETH/USD pair could correct to top 5 cryptocurrencies by 2021 61.8% Fibonacci retracement level at $1,026.776.This negative view will invalidate if top 5 cryptocurrencies by 2021 bulls can push and sustain top 5 cryptocurrencies by 2021 price above top 5 cryptocurrencies by 2021 20-day EMA. If top 5 cryptocurrencies by 2021 bulls can propel top 5 cryptocurrencies by 2021 price above $1,708.391, top 5 cryptocurrencies by 2021 pair may rally to $2,000.ADA/USDCardano (ADA) is currently witnessing a minor correction in an uptrend. The altcoin has formed an inside day candlestick pattern, which indicates indecision among top 5 cryptocurrencies by 2021 bulls and top 5 cryptocurrencies by 2021 bears about top 5 cryptocurrencies by 2021 next move.If top 5 cryptocurrencies by 2021 uncertainty resolves to top 5 cryptocurrencies by 2021 downside and top 5 cryptocurrencies by 2021 bears sink top 5 cryptocurrencies by 2021 price below $1.55, a fall to top 5 cryptocurrencies by 2021 20-day EMA ($1.05) is possible. A rebound off this support will suggest that top 5 cryptocurrencies by 2021 sentiment remains bullish as top 5 cryptocurrencies by 2021 traders continue to buy on dipsIf top 5 cryptocurrencies by 2021 ADA/USD pair breaks below top 5 cryptocurrencies by 2021 20-day EMA, it will indicate profit-booking by traders. That could pull top 5 cryptocurrencies by 2021 price down to $0.9817712 and if this support also cracks, top 5 cryptocurrencies by 2021 decline could extend to $0.80.Contrary to this assumption, if top 5 cryptocurrencies by 2021 price turns up from top 5 cryptocurrencies by 2021 current levels and top 5 cryptocurrencies by 2021 bulls push top 5 cryptocurrencies by 2021 pair above $1.30, a retest of $1.4852896 is possible. A breakout of this resistance could resume top 5 cryptocurrencies by 2021 uptrend with top 5 cryptocurrencies by 2021 next target objective at $1.83.BNB/USDBinance Coin (BNB) broke and closed above top 5 cryptocurrencies by 2021 downtrend line on March 1. The bears tried to sink top 5 cryptocurrencies by 2021 price back below top 5 cryptocurrencies by 2021 downtrend line on March 2 but failed, which shows that top 5 cryptocurrencies by 2021 short-term correction could be over.The bulls will now try to push top 5 cryptocurrencies by 2021 price to $281 where top 5 cryptocurrencies by 2021 bears are likely to mount a stiff resistance. If top 5 cryptocurrencies by 2021 price turns down from this level, top 5 cryptocurrencies by 2021 bears will again try to sink top 5 cryptocurrencies by 2021 price to top 5 cryptocurrencies by 2021 20-day EMA ($208). A bounce off this support or $189 could keep top 5 cryptocurrencies by 2021 BNB/USD pair range-bound for a few days.A breakout and close above $281 could ready top 5 cryptocurrencies by 2021 pair for a rally to $309.4995 and then a retest of top 5 cryptocurrencies by 2021 all-time high at $348.6969. Conversely, if top 5 cryptocurrencies by 2021 pair breaks below $189, top 5 cryptocurrencies by 2021 decline could extend to top 5 cryptocurrencies by 2021 50-day SMA at $119.DOT/USDPolkadot (DOT) has consistently closed in top 5 cryptocurrencies by 2021 green for top 5 cryptocurrencies by 2021 past five days, which shows that traders continue to buy at each higher level. The rising moving averages and top 5 cryptocurrencies by 2021 RSI near top 5 cryptocurrencies by 2021 overbought zone suggest an advantage to top 5 cryptocurrencies by 2021 bulls.The DOT/USD pair could now rise to top 5 cryptocurrencies by 2021 all-time high at $42.2848. If top 5 cryptocurrencies by 2021 bulls can drive top 5 cryptocurrencies by 2021 price above it, top 5 cryptocurrencies by 2021 pair could start top 5 cryptocurrencies by 2021 next leg of top 5 cryptocurrencies by 2021 uptrend that may reach top 5 cryptocurrencies by 2021 psychologically critical level at $50.Contrary to this assumption, if top 5 cryptocurrencies by 2021 price turns down from top 5 cryptocurrencies by 2021 overhead resistance, top 5 cryptocurrencies by 2021 pair may again correct to top 5 cryptocurrencies by 2021 20-day EMA ($32.27). A break and close below $30 could signal a possible change in trend.XRP/USDXRP bounced off top 5 cryptocurrencies by 2021 50-day SMA ($0.41) on March 1 and reached top 5 cryptocurrencies by 2021 20-day EMA ($0.46) today. The bears are currently pushing back at top 5 cryptocurrencies by 2021 20-day EMA. If top 5 cryptocurrencies by 2021 price turns down, top 5 cryptocurrencies by 2021 altcoin could remain stuck between top 5 cryptocurrencies by 2021 moving averages for a few days.This view of a consolidation could invalidate if top 5 cryptocurrencies by 2021 bears sink top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 50-day SMA. If that happens, top 5 cryptocurrencies by 2021 XRP/USD pair could drop to $0.359 where top 5 cryptocurrencies by 2021 buyers may step in and provide support.On top 5 cryptocurrencies by 2021 contrary, if top 5 cryptocurrencies by 2021 bulls can push top 5 cryptocurrencies by 2021 price above top 5 cryptocurrencies by 2021 20-day EMA, top 5 cryptocurrencies by 2021 pair may reach $0.50. The bears may try to stall top 5 cryptocurrencies by 2021 rally at this resistance, but if top 5 cryptocurrencies by 2021 bulls can thrust top 5 cryptocurrencies by 2021 price above it, top 5 cryptocurrencies by 2021 pair may start its journey to $0.65.LTC/USDLitecoin (LTC) has broken above top 5 cryptocurrencies by 2021 20-day EMA ($186) today, which suggests that top 5 cryptocurrencies by 2021 bulls are attempting to make a comeback. If top 5 cryptocurrencies by 2021 bulls can sustain top 5 cryptocurrencies by 2021 breakout, top 5 cryptocurrencies by 2021 altcoin could rally to $205 and later to $240.However, top 5 cryptocurrencies by 2021 flat 20-day EMA and top 5 cryptocurrencies by 2021 RSI just above top 5 cryptocurrencies by 2021 midpoint suggest a range-bound action for a few days. If top 5 cryptocurrencies by 2021 price turns down from $205, top 5 cryptocurrencies by 2021 LTC/USD pair could again drop to $160 and consolidate between these two levels.The pair could turn negative if top 5 cryptocurrencies by 2021 price reverses direction from top 5 cryptocurrencies by 2021 current levels and plummets below top 5 cryptocurrencies by 2021 uptrend line.LINK/USDChainlink (LINK) bounced off top 5 cryptocurrencies by 2021 50-day SMA ($25.89) on March 1 and broke above top 5 cryptocurrencies by 2021 20-day EMA ($28.37) on March 2. The bears tried to stall top 5 cryptocurrencies by 2021 relief rally on March 2 as seen from top 5 cryptocurrencies by 2021 long wick on top 5 cryptocurrencies by 2021 day’s candlestick.However, top 5 cryptocurrencies by 2021 bulls did not give up ground and have again resumed top 5 cryptocurrencies by 2021 up-move today. The LINK/USD pair will now attempt to retest top 5 cryptocurrencies by 2021 all-time high at $36.9307. A breakout of this resistance could start top 5 cryptocurrencies by 2021 next leg of top 5 cryptocurrencies by 2021 uptrend that may reach $40 and then $46.The 20-day EMA has started to turn up and top 5 cryptocurrencies by 2021 RSI has jumped into top 5 cryptocurrencies by 2021 positive territory, indicating advantage to top 5 cryptocurrencies by 2021 bulls. This positive view will invalidate if top 5 cryptocurrencies by 2021 price turns down and breaks below top 5 cryptocurrencies by 2021 50-day SMA.BCH/USDBitcoin Cash (BCH) broke above top 5 cryptocurrencies by 2021 50-day SMA ($515) on March 2 and reached top 5 cryptocurrencies by 2021 20-day EMA ($547). However, top 5 cryptocurrencies by 2021 bears defended top 5 cryptocurrencies by 2021 20-day EMA as seen from top 5 cryptocurrencies by 2021 long wick on top 5 cryptocurrencies by 2021 day’s candlestick.The flat moving averages and top 5 cryptocurrencies by 2021 RSI just below 49 suggest a balance between supply and demand. If top 5 cryptocurrencies by 2021 bulls can drive and sustain top 5 cryptocurrencies by 2021 price above top 5 cryptocurrencies by 2021 20-day EMA, top 5 cryptocurrencies by 2021 BCH/USD pair could rally to $631.71 and then $745.Contrary to this assumption, if top 5 cryptocurrencies by 2021 price again turns down from top 5 cryptocurrencies by 2021 current levels, top 5 cryptocurrencies by 2021 bears will try to sink top 5 cryptocurrencies by 2021 pair below top 5 cryptocurrencies by 2021 uptrend line. If they succeed, top 5 cryptocurrencies by 2021 pair could extend top 5 cryptocurrencies by 2021 decline to top 5 cryptocurrencies by 2021 next support at $370.XLM/USDStellar Lumens (XLM) has been trading close to top 5 cryptocurrencies by 2021 20-day EMA ($0.427) for top 5 cryptocurrencies by 2021 past few days. A tight consolidation near a resistance usually results in a breakout because it shows that traders are not closing their positions in a hurry.If top 5 cryptocurrencies by 2021 bulls can push top 5 cryptocurrencies by 2021 price above top 5 cryptocurrencies by 2021 20-day EMA, top 5 cryptocurrencies by 2021 XLM/USD pair could rise to top 5 cryptocurrencies by 2021 resistance line of top 5 cryptocurrencies by 2021 descending channel where top 5 cryptocurrencies by 2021 bears may again try to stall top 5 cryptocurrencies by 2021 relief rally. If they succeed, top 5 cryptocurrencies by 2021 pair could again drop to top 5 cryptocurrencies by 2021 50-day SMA ($0.375) and then to $0.35.On top 5 cryptocurrencies by 2021 contrary, if top 5 cryptocurrencies by 2021 bulls push and sustain top 5 cryptocurrencies by 2021 price above top 5 cryptocurrencies by 2021 descending channel, it will suggest that top 5 cryptocurrencies by 2021 correction has ended. The pair could then rise to $0.50 and then to $0.600681.The views and opinions expressed here are solely those of top 5 cryptocurrencies by 2021 author and do not necessarily reflect top 5 cryptocurrencies by 2021 views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.Market data is provided by HitBTC exchange.Top 5 cryptocurrencies to watch this week: BTC, AAVE, ATOM, NEO, VETThe Purpose Bitcoin (BTC) exchange-traded fund debuted on top 5 cryptocurrencies by 2021 Toronto Stock Exchange on Feb. 18 and has quickly ramped up trading volumes of about $400 million worth of shares in two days. This is quite impressive, considering that top 5 cryptocurrencies by 2021 equity market in Canada is only a fraction of top 5 cryptocurrencies by 2021 size of top 5 cryptocurrencies by 2021 U.S. markets. This shows strong demand for Bitcoin and investor's preference to take top 5 cryptocurrencies by 2021 ETF route to establish fresh positions.Last week, Bitcoin reached another important milestone when it hit top 5 cryptocurrencies by 2021 critical $1 trillion market capitalization on Feb. 19, making it top 5 cryptocurrencies by 2021 sixth asset on top 5 cryptocurrencies by 2021 list of top market cap companies in top 5 cryptocurrencies by 2021 world.The involvement of institutional investors and a market cap of over $1 trillion could allay top 5 cryptocurrencies by 2021 concerns of manipulation and liquidity raised by top 5 cryptocurrencies by 2021 U.S. Securities and Exchange Commission in top 5 cryptocurrencies by 2021 previous years as it rejected Bitcoin ETF applications.In a recent interview with CNBC, Ark Invest CEO Cathie Wood said that “top 5 cryptocurrencies by 2021 probability of an ETF has gone up.” Wood said top 5 cryptocurrencies by 2021 new SEC chairman Gary Gensler, who taught a digital currency class at top 5 cryptocurrencies by 2021 Massachusetts Institute of Technology, could be more open to crypto, increasing top 5 cryptocurrencies by 2021 likelihood of an approved Bitcoin ETF.Although Bitcoin’s fundamental factors continue to improve, top 5 cryptocurrencies by 2021 near term could experience some turbulence due to top 5 cryptocurrencies by 2021 steepening of top 5 cryptocurrencies by 2021 U.S. Treasury curve.Let’s analyze top 5 cryptocurrencies by 2021 charts of top 5 cryptocurrencies by 2021 top-5 cryptocurrencies that indicate top 5 cryptocurrencies by 2021 possibility of top 5 cryptocurrencies by 2021 resumption of top 5 cryptocurrencies by 2021 uptrend in top 5 cryptocurrencies by 2021 short term.BTC/USDBitcoin broke above top 5 cryptocurrencies by 2021 resistance line of top 5 cryptocurrencies by 2021 ascending channel on Feb. 19 and top 5 cryptocurrencies by 2021 bulls have managed to sustain top 5 cryptocurrencies by 2021 breakout. This suggests that traders continue to buy at higher levels.The BTC/USD pair had formed a Doji candlestick pattern on Feb. 20, indicating indecision among top 5 cryptocurrencies by 2021 bulls and top 5 cryptocurrencies by 2021 bears about top 5 cryptocurrencies by 2021 next directional move. That uncertainty has resolved to top 5 cryptocurrencies by 2021 upside today and top 5 cryptocurrencies by 2021 bulls will now try to propel top 5 cryptocurrencies by 2021 price to $60,974.43.The 20-day exponential moving average ($47,450) is sloping up and top 5 cryptocurrencies by 2021 relative strength index (RSI) is in top 5 cryptocurrencies by 2021 overbought zone, which indicates that bulls have top 5 cryptocurrencies by 2021 upper hand.Contrary to this assumption, if top 5 cryptocurrencies by 2021 price re-enters top 5 cryptocurrencies by 2021 channel, top 5 cryptocurrencies by 2021 bears will try to pull top 5 cryptocurrencies by 2021 price down to top 5 cryptocurrencies by 2021 20-day EMA. A break below top 5 cryptocurrencies by 2021 channel will indicate a possible change in trend and top 5 cryptocurrencies by 2021 pair may then correct to top 5 cryptocurrencies by 2021 50-day simple moving average.BTC/USDT 4-hour chart. Source: TradingViewThe 4-hour chart shows top 5 cryptocurrencies by 2021 pair remains in a strong uptrend and top 5 cryptocurrencies by 2021 bulls have aggressively purchased top 5 cryptocurrencies by 2021 dips to top 5 cryptocurrencies by 2021 20-EMA. The bears will try to stall top 5 cryptocurrencies by 2021 current uptrend at top 5 cryptocurrencies by 2021 resistance line of top 5 cryptocurrencies by 2021 ascending channel.If they succeed, top 5 cryptocurrencies by 2021 pair may again drop to top 5 cryptocurrencies by 2021 20-EMA. A bounce off this support will suggest that top 5 cryptocurrencies by 2021 trend remains strong and top 5 cryptocurrencies by 2021 bulls are not waiting for a deeper correction to buy. The momentum could pick up if top 5 cryptocurrencies by 2021 bulls can propel and sustain top 5 cryptocurrencies by 2021 price above top 5 cryptocurrencies by 2021 channel.On top 5 cryptocurrencies by 2021 contrary, if top 5 cryptocurrencies by 2021 bears can sink top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 20-EMA, it will suggest profit-booking by traders. The trend could weaken if top 5 cryptocurrencies by 2021 pair plunges below top 5 cryptocurrencies by 2021 channel.AAVE/USDAAVE has been consolidating between $392.50 and $545 for top 5 cryptocurrencies by 2021 past few days. A consolidation after a strong uptrend is a positive sign as it suggests that traders are not rushing to top 5 cryptocurrencies by 2021 exit because they anticipate higher levels in top 5 cryptocurrencies by 2021 future.AAVE/USDT daily chart. Source: TradingViewThe 20-day EMA ($427) is flat and top 5 cryptocurrencies by 2021 RSI is just above 56, which suggests that top 5 cryptocurrencies by 2021 range-bound action may continue for a few more days.If top 5 cryptocurrencies by 2021 buyers can push top 5 cryptocurrencies by 2021 price above $480, top 5 cryptocurrencies by 2021 AAVE/USD pair may rise to $545. A breakout and close above top 5 cryptocurrencies by 2021 $545 to $581.667 resistance zone could start top 5 cryptocurrencies by 2021 next leg of top 5 cryptocurrencies by 2021 uptrend that may reach $697.50 and then $814.397.On top 5 cryptocurrencies by 2021 other hand, if top 5 cryptocurrencies by 2021 bears can sink and sustain top 5 cryptocurrencies by 2021 price below $392.50, it will suggest that supply exceeds demand. That could start a deeper correction to top 5 cryptocurrencies by 2021 50-day SMA ($297).AAVE/USDT 4-hour chart. Source: TradingViewThe 4-hour chart shows that top 5 cryptocurrencies by 2021 price has been oscillating between $500 and $392.50. If top 5 cryptocurrencies by 2021 bears sink top 5 cryptocurrencies by 2021 price below top 5 cryptocurrencies by 2021 $392.50 support, top 5 cryptocurrencies by 2021 pair could drop to $300 and then to top 5 cryptocurrencies by 2021 61.8% Fibonacci retracement level at $267.094.Contrary to this assumption, if top 5 cryptocurrencies by 2021 bulls can push top 5 cryptocurrencies by 2021 price above top 5 cryptocurrencies by 2021 50-SMA, a move to $500 is possible. A break above this resistance will enhance top 5 cryptocurrencies by 2021 prospects of a move to $545 and then $581.667.ATOM/USDCosmos (ATOM) is currently correcting in a strong uptrend. While top 5 cryptocurrencies by 2021 pullback is five days old, top 5 cryptocurrencies by 2021 bears have not yet been able to pull top 5 cryptocurrencies by 2021 price down to top 5 cryptocurrencies by 2021 38.2% Fibonacci retracement level at $19.007. This shows a lack of sellers at lower levels.ATOM/USDT daily chart. Source: TradingViewA shallow correction is usually a sign of strength and it increases top 5 cryptocurrencies by 2021 possibility of a retest of top 5 cryptocurrencies by 2021 $26.55 overhead resistance. The rising moving averages and top 5 cryptocurrencies by 2021 RSI in top 5 cryptocurrencies by 2021 positive territory suggest that bulls have top 5 cryptocurrencies by 2021 upper hand.If top 5 cryptocurrencies by 2021 bulls can thrust top 5 cryptocurrencies by 2021 price above $26.55, top 5 cryptocurrencies by 2021 next leg of top 5 cryptocurrencies by 2021 uptrend could begin. The ATOM/USD pair could then rally to $32.173. If top 5 cryptocurrencies by 2021 bulls can conquer this level, top 5 cryptocurrencies by 2021 up-move may extend to $40.On top 5 cryptocurrencies by 2021 contrary, if top 5 cryptocurrencies by 2021 pair continues to fall, a drop to top 5 cryptocurrencies by 2021 20-day EMA ($18.19) is possible. A strong bounce off this support could keep top 5 cryptocurrencies by 2021 uptrend intact but a break below it will suggest a deeper correction to top 5 cryptocurrencies by 2021 61.8% retracement level at $14.347.ATOM/USDT 4-hour chart. Source: TradingViewThe 4-hour chart is currently correcting inside a descending channel. The moving averages are on top 5 cryptocurrencies by 2021 verge of a bearish crossover and top 5 cryptocurrencies by 2021 RSI is in top 5 cryptocurrencies by 2021 negative territory, indicating a minor advantage to top 5 cryptocurrencies by 2021 bears.However, if top 5 cryptocurrencies by 2021 price rises from top 5 cryptocurrencies by 2021 support line of top 5 cryptocurrencies by 2021 descending channel, it will indicate accumulation at lower levels. On a break above top 5 cryptocurrencies by 2021 moving averages, a move to top 5 cryptocurrencies by 2021 resistance line of top 5 cryptocurrencies by 2021 channel is possible.A breakout and close above top 5 cryptocurrencies by 2021 channel could result in a retest of $26.55. On top 5 cryptocurrencies by 2021 other hand, a break below top 5 cryptocurrencies by 2021 channel may weaken sentiment. The pair could then decline to top 5 cryptocurrencies by 2021 50% retracement level at $16.677.NEO/USDNEO broke and closed above top 5 cryptocurrencies by 2021 $47.444 resistance on Feb. 19. The bears attempted to fake this breakout and trap top 5 cryptocurrencies by 2021 aggressive bulls on Feb. 20 when they pulled top 5 cryptocurrencies by 2021 price back below $47.444.NEO/USDT daily chart. Source: TradingViewHowever, top 5 cryptocurrencies by 2021 bulls had other plans. They aggressively purchased top 5 cryptocurrencies by 2021 dip and have pushed top 5 cryptocurrencies by 2021 price above top 5 cryptocurrencies by 2021 psychological resistance at $50 today. This may start top 5 cryptocurrencies by 2021 next leg of top 5 cryptocurrencies by 2021 uptrend that could reach $60.373 and then $64.95.The upsloping moving averages and top 5 cryptocurrencies by 2021 RSI in top 5 cryptocurrencies by 2021 overbought territory indicate that bulls are in control.But if top 5 cryptocurrencies by 2021 bulls fail to sustain top 5 cryptocurrencies by 2021 price above $50, it will suggest that traders are booking profits at higher levels. A break below top 5 cryptocurrencies by 2021 20-day EMA ($37.80) will signal a possible change in trend.NEO/USDT 4-hour chart. Source: TradingViewThe 4-hour chart shows top 5 cryptocurrencies by 2021 formation of an ascending triangle, which has a pattern target at $58.588. Generally, top 5 cryptocurrencies by 2021 price turns down and retests top 5 cryptocurrencies by 2021 breakout level but sometimes, when top 5 cryptocurrencies by 2021 trend is strong, top 5 cryptocurrencies by 2021 price only consolidates before resuming top 5 cryptocurrencies by 2021 up-move.The bulls are currently defending top 5 cryptocurrencies by 2021 $50 support. If top 5 cryptocurrencies by 2021 price rises from top 5 cryptocurrencies by 2021 current level and breaks above $54.191, top 5 cryptocurrencies by 2021 uptrend could resume.This positive view will invalidate if top 5 cryptocurrencies by 2021 pair turns down from top 5 cryptocurrencies by 2021 current level and breaks below top 5 cryptocurrencies by 2021 triangle. Such a move may result in a fall to $36.30.VET/USDAfter top 5 cryptocurrencies by 2021 sharp rally from $0.026714 to $0.060774, VeChain (VET) has largely held top 5 cryptocurrencies by 2021 38.2% support at $0.047763 on a closing basis, which shows accumulation at lower levels. The rising moving averages and top 5 cryptocurrencies by 2021 RSI in top 5 cryptocurrencies by 2021 overbought zone suggest top 5 cryptocurrencies by 2021 path of least resistance is to top 5 cryptocurrencies by 2021 upside.VET/USDT daily chart. Source: TradingViewIf top 5 cryptocurrencies by 2021 bulls can drive top 5 cryptocurrencies by 2021 price above top 5 cryptocurrencies by 2021 overhead resistance at $0.060774, top 5 cryptocurrencies by 2021 VET/USD pair could start top 5 cryptocurrencies by 2021 next leg of top 5 cryptocurrencies by 2021 up-move. The target level to watch on top 5 cryptocurrencies by 2021 upside is $0.085172 and then $0.10.Contrary to this assumption, if top 5 cryptocurrencies by 2021 bulls fail to propel top 5 cryptocurrencies by 2021 price above top 5 cryptocurrencies by 2021 overhead resistance, top 5 cryptocurrencies by 2021 VET/USD pair may consolidate between $0.060774 and $0.0424 for a few more days. The trend will tilt in favor of top 5 cryptocurrencies by 2021 bears if they can sink and sustain top 5 cryptocurrencies by 2021 price below $0.0424.VET/USDT 4-hour chart. Source: TradingViewThe 4-hour chart shows that both moving averages are flat and top 5 cryptocurrencies by 2021 RSI is just above top 5 cryptocurrencies by 2021 midpoint, indicating a balance between supply and demand.However, top 5 cryptocurrencies by 2021 pair has formed an ascending triangle pattern that will complete on a breakout and close above $0.060774. This bullish setup has a pattern target of $0.079148.On top 5 cryptocurrencies by 2021 other hand, if top 5 cryptocurrencies by 2021 price slips below top 5 cryptocurrencies by 2021 trendline of top 5 cryptocurrencies by 2021 ascending triangle, it will invalidate top 5 cryptocurrencies by 2021 pattern and open top 5 cryptocurrencies by 2021 doors for a fall to $0.042.The views and opinions expressed here are solely those of top 5 cryptocurrencies by 2021 author and do not necessarily reflect top 5 cryptocurrencies by 2021 views of Cointelegraph. Every investment and trading move involves risk, you should conduct your own research when making a decision.Jordan FinnesethJORDAN FINNESETH4 HOURS AGOSupply chain tokens see triple-digit gains as top 5 cryptocurrencies by 2021 global economy recoversSupply chain projects like OriginTrail, Waltonchain and Wabi have rallied in excess of 250% as blockchain interoperability comes into focus.Supply chain tokens see triple-digit gains as top 5 cryptocurrencies by 2021 global economy recoversALTCOIN WATCHOver top 5 cryptocurrencies by 2021 last few weeks, blockchain projects focused on supply chains and logistics have seen tremendous growth as top 5 cryptocurrencies by 2021 coronavirus-induced economic gridlock begins to loosen and future concerns related to top 5 cryptocurrencies by 2021 global pandemic subside.Three logistics projects that have benefited from top 5 cryptocurrencies by 2021 improving economic outlook are OriginTrail (TRAC), Waltonchain (WTC) and Wabi (WABI). Since early February, each has seen its token price increase by up to 300%.OriginTrail is a self-described “ecosystem dedicated to making global supply chains work together by enabling a universal, collaborative and trusted data exchange.”The project was established in 2011 with top 5 cryptocurrencies by 2021 goal of providing enterprise users with top 5 cryptocurrencies by 2021 ability to streamline their supply chains with added data protection and item tracking features.Currently, top 5 cryptocurrencies by 2021 project has partnerships with big-name companies like Microsoft, Walmart and Oracle.Since Feb. 1, TRAC price increased by more than 475% from $0.151 to a new all-time high of $0.867 on March 12 thanks to several major protocol developments, including top 5 cryptocurrencies by 2021 introduction of staking on Feb. 9.TRAC/USDT 4-hour chart. Source: TradingViewOn March 7 buyers stepped in again as OriginTrail prepared to launch “top 5 cryptocurrencies by 2021 world's first multichain Decentralised Knowledge Graph,” which will enable top 5 cryptocurrencies by 2021 TRAC platform to interoperate with multiple blockchains including Polkadot (DOT), xDai (STAKE), and top 5 cryptocurrencies by 2021 Oracle blockchain.WTC/USDWaltonchain (WTC) is another supply chain-focused protocol that has seen significant gains since early February. WTC price increasing 436% from a low of $0.343 on Feb. 1 to a high of $1.64 on March 11 as top 5 cryptocurrencies by 2021 trading volume surged from a daily average of $4 million to over $300 million.WTC/USD 4-hour chart. Source: TradingViewWaltonchain is focused on creating an ecosystem that combines blockchain, RFID technology and top 5 cryptocurrencies by 2021 Internet of Things in order to enhance operational efficiency for supply chain use cases.One recent major development that may have kicked of WTC's current rally was top 5 cryptocurrencies by 2021 successful upgrade of top 5 cryptocurrencies by 2021 protocol’s cross-chain center which enables interactions between data on different blockchains, including Ethereum (ETH) and Fabric.The update also introduced a variety of new features that will be enabled by Waltonchain’s parent-child chain architecture, including top 5 cryptocurrencies by 2021 creation of an NFT product platform as well as a suite of DeFi products such as a decentralized exchange, a liquidity aggregation platform and an insurance pool.These developments demonstrate top 5 cryptocurrencies by 2021 need for projects to expand functionality to appeal to a wider range of cryptocurrency investors. The addition of NFT and DeFi capabilities helped bring renewed energy to top 5 cryptocurrencies by 2021 community and provided a lift in token value.WABI/USDWabi (WABI) is a supply chain ecosystem that connects brands and consumers by enabling top 5 cryptocurrencies by 2021 seamless, fair and confidential exchange of information.In top 5 cryptocurrencies by 2021 last month, WABI price has increased more than 320% as it rose from $0.95 on Feb. 1 to a high of $0.399 on March 12.WABI/USD 4-hour chart. Source: TradingViewCurrently, top 5 cryptocurrencies by 2021 protocol is preparing to launch a new B2B marketing solution with a focus on markets based in Asia.The reopening of supply chains after a year of disruptions brought on by top 5 cryptocurrencies by 2021 COVID-19 pandemic appears to be top 5 cryptocurrencies by 2021 most significant factor connected to top 5 cryptocurrencies by 2021 future success of WABI and other supply chain and logistics-focused platforms.On a sector-wide level, interoperability with other blockchain platforms has been one of top 5 cryptocurrencies by 2021 primary drivers of top 5 cryptocurrencies by 2021 rally in supply-chain projects in 2021. As top 5 cryptocurrencies by 2021 global economy begins to open back up and supply-chains are reestablished, platforms that facilitate smooth global trade could see further upside.The views and opinions expressed here are solely those of top 5 cryptocurrencies by 2021 author and do not necessarily reflect top 5 cryptocurrencies by 2021 views of Every investment and trading move involves risk, you should conduct your own research when making a decision.Trading Bitcoin options is less risky than futures but mind top 5 cryptocurrencies by 2021 premium!Trading Bitcoin options can be a great way to access leverage while avoiding top 5 cryptocurrencies by 2021 liquidation risk presented by futures contracts but investors must keep an eye on top 5 cryptocurrencies by 2021 premiums.The most basic Bitcoin (BTC) options contracts involve buying a call which gives top 5 cryptocurrencies by 2021 holder top 5 cryptocurrencies by 2021 opportunity to acquire top 5 cryptocurrencies by 2021 asset at a fixed price on a set date. For this privilege, top 5 cryptocurrencies by 2021 buyer simply pays an upfront fee, known as a premium, to top 5 cryptocurrencies by 2021 contract seller.Although this is a great way to use leverage while avoiding top 5 cryptocurrencies by 2021 liquidation risk that comes from trading futures contracts, it comes at a cost. The options premium will rise during volatile markets, causing top 5 cryptocurrencies by 2021 trade to require even further price appreciation to generate a reasonable profit, so top 5 cryptocurrencies by 2021 premium is a metric investors must keep a close eye on.Bitcoin’s daily volatility currently stands at 5.4%, which is far higher than S&P 500's 1.7%. This creates opportunities for arbitrage desks, which will gladly hold Bitcoins in custody and sell a call option to capture this premium.Let’s look at a hypothetical trade to what role top 5 cryptocurrencies by 2021 premium plays in top 5 cryptocurrencies by 2021 scenario.The odds of this trade are calculated according to top 5 cryptocurrencies by 2021 Black & Scholes model and Deribit exchange presents this information as 'delta'. In short, these are top 5 cryptocurrencies by 2021 percent-based odds for each strike.According to top 5 cryptocurrencies by 2021 chart above, top 5 cryptocurrencies by 2021 $54,000 strike for March 26 has a 48% chance of occurring according to top 5 cryptocurrencies by 2021 options pricing model, which sounds reasonable. On top 5 cryptocurrencies by 2021 other hand, top 5 cryptocurrencies by 2021 $58,000 call option has an implied probability of 37%.With roughly 20 days left until top 5 cryptocurrencies by 2021 March 2021 expiry, top 5 cryptocurrencies by 2021 odds of Bitcoin price closing top 5 cryptocurrencies by 2021 month above $60,000 seem likely given today’s price action. Considering this call option is trading for BTC 0.0548 each, it costs $2,790 when Bitcoin was trading at $50,900.In order for this call option to become profitable, BTC price needs to be at $60,800. Had this buyer opted for a conservative 3x leverage futures position, Bitcoin price at $60,800 would have yielded a $1,485 gain.Option markets are a great way to leverage, but investors must set aside time to carefully analyze returns ahead of buying bullish calls.The views and opinions expressed here are solely those of top 5 cryptocurrencies by 2021 author and do not necessarily reflect top 5 cryptocurrencies by 2021 views of Cointelegraph. Every investment and trading move involves risk. You should conduct your own research when making a decision.Analysts say $60K Bitcoin price signals BTC has ample ‘room to run’Analysts say Bitcoin whale wallet accumulation and persistent dip-buying by institutional investors signal that BTC price has plenty of room to appreciate.Bitcoin (BTC) bulls finally mustered enough strength to push top 5 cryptocurrencies by 2021 top-ranked cryptocurrency through top 5 cryptocurrencies by 2021 $60,000 level and citing key on-chain metrics, analysts believe top 5 cryptocurrencies by 2021 bull run has a ways to go before reaching any considerable resistance.Since pushing back above $50,000 on March 9, every dip in Bitcoin price has been quickly purchased by institutional investors and top 5 cryptocurrencies by 2021 BTC balance of whales has also continued to grow over top 5 cryptocurrencies by 2021 past few months.What's next for Bitcoin price?A recent report from Ben Lilly, an analyst at Jarvis Labs, analyst Ben Lilly highlighted top 5 cryptocurrencies by 2021 “two steps forward, one step back” nature of Bitcoin’s price movements over top 5 cryptocurrencies by 2021 past week, noting that top 5 cryptocurrencies by 2021 rise in price was accompanied by “four drawbacks of 5%”.According to Lilly, Bitcoin's price action is a good sign of healthy profit-taking as vertical prices are “only healthy when breaking all-time highs,” otherwise known as price discovery.To get a better understanding of where price may be headed, Lilly noted that wallet sizes holding 100 to 1,000 BTC hold about 63,000 more BTC than they did on Feb. 28, indicating that these whale wallets have been accumulating since top 5 cryptocurrencies by 2021 dip in preparation for top 5 cryptocurrencies by 2021 price to move higher.According to Lilly, “this class of wallets were top 5 cryptocurrencies by 2021 ones that timed top 5 cryptocurrencies by 2021 2017 rally top 5 cryptocurrencies by 2021 best.”Another bullish indicator highlighted by Lilly is top 5 cryptocurrencies by 2021 heavy accumulation that has been happening since BTC price broke $20,000 which hasn’t slowed down since.Lilly said:"Last time we saw accumulation that was this aggressive was back in August 2017. The top of that market cycle wasn’t seen for another four months."Lilly further explained that while it is nearly customary for Bitcoin price to see occassional drawdowns after touching a new all-time high, they do little to alter top 5 cryptocurrencies by 2021 bullish uptrend.Lilly said:"So in order to avoid any confusion on what we’re trying to say with these charts… Bitcoin has room to run here. If it decides to rip, it’ll go."Exchange outflows support top 5 cryptocurrencies by 2021 bullish narrativeA recent report from Decentrader co-founder Philip Swift echos Lilly's bullish sentiment by pointing to Bitcoin exchange outflows over top 5 cryptocurrencies by 2021 past few months. As shown in top 5 cryptocurrencies by 2021 chart below, Coinbase and Bitstamp experienced a significant drawdown in their exchange balances since mid-December in 2020.The report highlighted that top 5 cryptocurrencies by 2021 reduction in available BTC is “being driven by people and institutions taking Bitcoin off exchanges to keep in cold storage.” This in turn reduces top 5 cryptocurrencies by 2021 liquid supply available to quickly sell into top 5 cryptocurrencies by 2021 market and decreases top 5 cryptocurrencies by 2021 changes of a rapid selloff.Swift did note that a large amount of BTC being pulled off exchanges is being wrapped into WBTC and put into DeFi protocols. This somewhat reduces top 5 cryptocurrencies by 2021 bullish narrative as top 5 cryptocurrencies by 2021 tokens aren’t fully removed from circulation and put into cold storage, meaning top 5 cryptocurrencies by 2021 liquidity hasn’t really been reduced.Another interesting signal discussed by Decentrader is top 5 cryptocurrencies by 2021 comparison between Bitcoin being held for one to two years compared to those being held for three or more years.In recent weeks BTC held by investors for less than three years have started to be sold as ‘shorter term’ holders begin to take profits. While these levels are declining, Bitcoin investors who have been holding for more than three years have actually been accumulating recently and according to Swift, this signals that “Bitcoin still likely has a lot more upside to go” in top 5 cryptocurrencies by 2021 current bull cycle.Percent of Bitcoin supply last active 1+, 2+, and 3+ years ago. Source: glassnodeSwift said:"Looking at that chart, it is possible to see where we are compared to top 5 cryptocurrencies by 2021 previous 2017 cycle when these HODL lines were behaving in a similar way… approaching roughly half-way through top 5 cryptocurrencies by 2021 cycle in our opinion."For David Lifchitz, Chief Investment Officer at ExoAlpha, top 5 cryptocurrencies by 2021 price action for Bitcoin between Feb. 22 and March 11 appears to be forming top 5 cryptocurrencies by 2021 classic cup and handle formation which is a bullish pattern according to technical analysis. Lifchitz explained that top 5 cryptocurrencies by 2021 price drop experienced in March 11 represented top 5 cryptocurrencies by 2021 "top of top 5 cryptocurrencies by 2021 cup" by those who monetized top 5 cryptocurrencies by 2021 10% gain from $45,000 to $57,000.”According to Lifchitz, a mild pullback no lower than top 5 cryptocurrencies by 2021 $52,000 and a bounce back up would form top 5 cryptocurrencies by 2021 handle of top 5 cryptocurrencies by 2021 cup. The breakout above top 5 cryptocurrencies by 2021 rim of top 5 cryptocurrencies by 2021 cup ($58,000) would open top 5 cryptocurrencies by 2021 door for another leg-up from Bitcoin price.Bitcoin price hits $60K after bulls push through a key resistance clusterBTC records another landmark price levelData from Cointelegraph Markets and Tradingview tracked BTC/USD as top 5 cryptocurrencies by 2021 pair finally crossed top 5 cryptocurrencies by 2021 historic level after several weeks of mild corrections and periods of consolidation.Bulls had spent a considerable time in limbo as Bitcoin tested prior all-time highs at $58,350 repeatedly, with a significant resistance zone beneath slowing progress.In top 5 cryptocurrencies by 2021 end, however, optimism won out, and top 5 cryptocurrencies by 2021 largest cryptocurrency by market capitalization clinched its latest milestone. At press time, price action focused on an area just below $60,000 amid characteristic volatility.As Bitcoin price inched its way closer to top 5 cryptocurrencies by 2021 previous all-time high, analysts at Whalemap observed some interesting on-chain activity taking place.Realized cap HODL waves. Source: WhalemapAccording to top 5 cryptocurrencies by 2021 research team:"Realized Cap HODL waves show what percentage of realized capitalization belongs to HODLers of different type (1y-3y hodlers, 3y-5y and so on). Usually, macro tops occur when top 5 cryptocurrencies by 2021 market over-saturates with FOMO. This can be identified when a large % of realized capitalization belongs to short term hodlers (younger than 6 months). The last macro tops were accompanied by more than 95% of realized cap belonging hodlers of less than 6 months. Currently, we are at 82%."The long road to a new price hurdleAnticipation of $60,000 and even higher had steadily built up over recent days. As Cointelegraph reported, professional analysts as well as traders were poised to announce top 5 cryptocurrencies by 2021 end of Bitcoin's prior sideways price action as indicators pointed in bulls' favor.The now-standard narrative of healthy on-chain metrics combined with positive support from institutions served to bolster confidence. Now that Bitcoin price has reached top 5 cryptocurrencies by 2021 $60,000 level, many analysts have set their targets on top 5 cryptocurrencies by 2021 $72,000 zone, followed by $100,000.The overall cryptocurrency market cap now stands at $1.118 trillion and Bitcoin’s dominance rate is 61.9%.Coinbase effect and strong fundamentals send Polygon (MATIC) and Skale higherThe explosive rally from Skale and Polygon proves that top 5 cryptocurrencies by 2021 Coinbase effect continues to be a potent price mover for small and large-cap altcoins.In previous bull markets, one of top 5 cryptocurrencies by 2021 most consistent price movers for cryptocurrency projects was being listed on Coinbase, a phenomenon that became known as top 5 cryptocurrencies by 2021 'Coinbase effect’.The recent announcement that Polygon (MATIC), SKALE (SKL) and SushiSwap (SUSHI) would be added to top 5 cryptocurrencies by 2021 exchange and begin trading on March 11 has proven that top 5 cryptocurrencies by 2021 Coinbase effect remains potent as top 5 cryptocurrencies by 2021 tokens witnessed record trading volume and double-digit price movements since top 5 cryptocurrencies by 2021 listing took place.SKL/USDTSKALE describes itself as an ‘elastic network’ that is designed to bring scalability to top 5 cryptocurrencies by 2021 Ethereum (ETH) network by boosting transaction capacity and reducing latency as a way to ensure payments can be conducted as inexpensively as possible.According to top 5 cryptocurrencies by 2021 project's website, Solidity smart contracts can run “thousands of times faster at a fraction of top 5 cryptocurrencies by 2021 mainnet cost” and top 5 cryptocurrencies by 2021 platform is well-suited for gaming and content streaming services that get bogged down by congestion on top 5 cryptocurrencies by 2021 main Ethereum network.SKL/USDT 4-hour chart. Source: TradingViewCongestion and high transaction costs on Ethereum have once again emerged as a significant issue in top 5 cryptocurrencies by 2021 cryptocurrency community over top 5 cryptocurrencies by 2021 past two months as top 5 cryptocurrencies by 2021 lure of decentralized finance and non-fungible tokens have led to significant increases in network activity and gas fees.MATIC/USDTPolygon (MATIC) has been on a roll so far in 2021, with top 5 cryptocurrencies by 2021 Coinbase listing being top 5 cryptocurrencies by 2021 most recent event that has boosted top 5 cryptocurrencies by 2021 altcoin's price.Previous significant developments include top 5 cryptocurrencies by 2021 rebranding from Matic to Polygon, which was done as top 5 cryptocurrencies by 2021 project pivoted toward becoming top 5 cryptocurrencies by 2021 "Polkadot of top 5 cryptocurrencies by 2021 Ethereum network,” by focusing on bringing interoperability with separate blockchain networks to top 5 cryptocurrencies by 2021 Ethereum ecosystem.Since top 5 cryptocurrencies by 2021 rebranding, multiple projects have integrated with or migrated to top 5 cryptocurrencies by 2021 layer 2 solution which offers significantly reduced transaction costs and faster confirmation times.The price of MATIC has increased by 150% since top 5 cryptocurrencies by 2021 Coinbase listing announcement and on March 12 top 5 cryptocurrencies by 2021 altcoin saw a record $2.6 billion in 24-hour trading volume.VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for MATIC on March 6, prior to top 5 cryptocurrencies by 2021 recent price rise.The VORTECS™ score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.VORTECS™ Score (green) vs. MATIC price. Source: Cointelegraph Markets ProAs seen in top 5 cryptocurrencies by 2021 chart above, VORTECS™ score registered a high of 81 on March 6, three days prior to top 5 cryptocurrencies by 2021 announcement of top 5 cryptocurrencies by 2021 Coinbase listing. After pulling back to a low of 48 on March 8, top 5 cryptocurrencies by 2021 VORTECS™ score then increased to a high of 89, roughly two days before top 5 cryptocurrencies by 2021 price rally to a new all-time high.SUSHI/USDTSushiSwap (SUSHI) was top 5 cryptocurrencies by 2021 third coin listed on Coinbase this week and it received a more subdued response even though SushiSwap is one of top 5 cryptocurrencies by 2021 top decentralized exchanges and it currently has $4.21 billion locked in its protocol.Decentralized finance has been one of top 5 cryptocurrencies by 2021 hottest topics in top 5 cryptocurrencies by 2021 cryptocurrency sector since December 2020, but has seen a noticeable pullback in activity over recent weeks as nonfungible tokens have stepped into top 5 cryptocurrencies by 2021 limelight.As seen in top 5 cryptocurrencies by 2021 chart above, VORTECS™ score registered a high of 81 on March 6, three days prior to top 5 cryptocurrencies by 2021 announcement of top 5 cryptocurrencies by 2021 Coinbase listing. After pulling back to a low of 48 on March 8, top 5 cryptocurrencies by 2021 VORTECS™ score then increased to a high of 89, roughly two days before top 5 cryptocurrencies by 2021 price rally to a new all-time high.SUSHI/USDTSushiSwap (SUSHI) was top 5 cryptocurrencies by 2021 third coin listed on Coinbase this week and it received a more subdued response even though SushiSwap is one of top 5 cryptocurrencies by 2021 top decentralized exchanges and it currently has $4.21 billion locked in its protocol.Decentralized finance has been one of top 5 cryptocurrencies by 2021 hottest topics in top 5 cryptocurrencies by 2021 cryptocurrency sector since December 2020, but has seen a noticeable pullback in activity over recent weeks as nonfungible tokens have stepped into top 5 cryptocurrencies by 2021 limelight.SUSHI had previously seen its price grow 675% in 2021, from a low of $2.69 on Jan. 1 to an all-time high of $20.57 on March 2, so it's not completely unexpected that its price had a more muted response to top 5 cryptocurrencies by 2021 announcement of a Coinbase listing.One notable correlation between top 5 cryptocurrencies by 2021 three projects discussed has to do with offering solutions to top 5 cryptocurrencies by 2021 current issues plaguing top 5 cryptocurrencies by 2021 Ethereum network.While top 5 cryptocurrencies by 2021 Coinbase effect might have helped jumpstart top 5 cryptocurrencies by 2021 recent price gains for each project, top 5 cryptocurrencies by 2021 larger needs of top 5 cryptocurrencies by 2021 cryptocurrency community and top 5 cryptocurrencies by 2021 solutions offered by these protocols have MATIC, SKL and SUSHI well positioned to see further upside as active participation in top 5 cryptocurrencies by 2021 cryptocurrency ecosystem continues to increase.The views and opinions expressed here are solely those of top 5 cryptocurrencies by 2021 author and do not necessarily reflect top 5 cryptocurrencies by 2021 views of Every investment and trading move involves risk, you should conduct your own research when making a decision.Altcoins sell-off after Bitcoin price rejects near its $58K all-time highAltcoins are witnessing a bout of profit-taking after Bitcoin price failed to push through its $58,300 all-time high this week.Optimism continues to percolate in top 5 cryptocurrencies by 2021 cryptocurrency sector on as recent gains in Bitcoin (BTC) have helped push top 5 cryptocurrencies by 2021 valuation of top 5 cryptocurrencies by 2021 top-ranked cryptocurrency past that of top 5 cryptocurrencies by 2021 South Korean won.Data from Cointelegraph Markets and TradingView shows that top 5 cryptocurrencies by 2021 price of Bitcoin experienced a wave of selling in top 5 cryptocurrencies by 2021 early hours that pushed top 5 cryptocurrencies by 2021 price to a low of $54,948 before bulls returned to briefly push top 5 cryptocurrencies by 2021 price back above $57,000.Regardless of Bitcoin price action, institutional investors have consistently expressed their interest in BTC. Today, MicroStrategy announced that it had purchased another 262 BTC at an average price of $57,146, bringing top 5 cryptocurrencies by 2021 firm's total holdings to 91,326 BTC.According to David Lifchitz, Chief Investment Officer at ExoAlpha, how top 5 cryptocurrencies by 2021 price performs over top 5 cryptocurrencies by 2021 next few days will “show if Bitcoin is ready to reach new highs or if a pullback is on its way.”Lifchitz pointed out that top 5 cryptocurrencies by 2021 price of BTC was down slightly on Friday after stalling “just a few basis points from its all-time high,” likely due to profit-taking “by those who monetized top 5 cryptocurrencies by 2021 10% gain from $45,000 to $57,000.”Bullish indicators for Bitcoin identified by Lifchitz include interest from institutional dip-buyers around top 5 cryptocurrencies by 2021 $45,000 level and top 5 cryptocurrencies by 2021 recently passed stimulus package from President Biden that according to him “may go straight into crypto buying.”Lifchitz did concede that despite Bitcoin being price being in a long-term uptrend, there were some reasons for a more bearish outlook for top 5 cryptocurrencies by 2021 short term. A few factors to consider are top 5 cryptocurrencies by 2021 upcoming U.S. tax season which could prompt some investors to sell some of their holdings as a way to raise cash to pay taxes on profits realized during top 5 cryptocurrencies by 2021 2020 financial year.Another short-term bearish factor Lifchitz identified was top 5 cryptocurrencies by 2021 possible spillover effect that could result from top 5 cryptocurrencies by 2021 sale of traditional assets which “are stretched by any measure and may see some profit-taking short term.”Investors jump headfirst into nonfungible tokensNon-fungible tokens remain top 5 cryptocurrencies by 2021 dominant hot topic in top 5 cryptocurrencies by 2021 cryptocurrency space following th March 11 record-setting completion of top 5 cryptocurrencies by 2021 Beeple NFT auction for more than $69.3 million.Chiliz (CHZ) is top 5 cryptocurrencies by 2021 breakout star of top 5 cryptocurrencies by 2021 day as $5.55 billion in 24-hour trading volume has lifted top 5 cryptocurrencies by 2021 blockchain-based fan engagement platform by 82% to a new all-time high at $0.59.VORTECS™ data from Cointelegraph Markets Pro began to detect a bullish outlook for CHZ on March 10, prior to top 5 cryptocurrencies by 2021 recent price rise.The VORTECS™ score, exclusive to Cointelegraph, is an algorithmic comparison of historic and current market conditions derived from a combination of data points including market sentiment, trading volume, recent price movements and Twitter activity.As seen in top 5 cryptocurrencies by 2021 cart above, top 5 cryptocurrencies by 2021 VORTECS™ score increased from a low of 49 on March 8 to a high of 84 on March 10, roughly 24 hours before top 5 cryptocurrencies by 2021 price its 175% rally to a new all-time high over top 5 cryptocurrencies by 2021 next two days.Decentralized finance projects have been in a consolidation phase as of late following substantial gains in top 5 cryptocurrencies by 2021 first two months of 2021 as top DEXs and DeFi platforms explore options like cross-linked chains and layer 2 solutions as a reprieve from high transaction costs on top 5 cryptocurrencies by 2021 Ethereum (ETH) network.Polygon (MATIC) and SKALE (SKL) are two Ethereum scaling solutions that have outperformed their altcoin peers this week after both tokens saw near 100% rallies after listing on Coinbase on March 9.s a whole, top 5 cryptocurrencies by 2021 cryptocurrency market has fallen under some pressure as top 5 cryptocurrencies by 2021 weekend commences. The pullback is most likely top 5 cryptocurrencies by 2021 result of Bitcoin price rejected near its all-time high rather than a sign of a trend change but nevertheless, top 5 cryptocurrencies by 2021 majority of top 5 cryptocurrencies by 2021 large-cap cryptocurrencies have dropped by 2% to 10%.The overall cryptocurrency market cap now stands at $1.71 trillion and Bitcoin’s dominance rate is 62%.The views and opinions expressed here are solely those of top 5 cryptocurrencies by 2021 author and do not necessarily reflect top 5 cryptocurrencies by 2021 views ofEvery investment and trading move involves risk, you should conduct your own research when making a decisionAnkr gains 137% after becoming top 5 cryptocurrencies by 2021 top validator on Binance Smart ChainImproving fundamentals, new partnerships and a key integration with Binance Smart Chain back Ankr’s recent 137% rally.It’s hard to argue that top 5 cryptocurrencies by 2021 crypto market is not in a bull market right now, but this run does show different characteristics and catalysts than top 5 cryptocurrencies by 2021 2017 bull market.In 2017, investors were hyped by top 5 cryptocurrencies by 2021 allure of high returns from initial coin offerings (ICO) that promised much but delivered very little in top 5 cryptocurrencies by 2021 form of an actually working ‘product.’Fast forward to 2020, and top 5 cryptocurrencies by 2021 current altcoin season has been primarily focused on lending, liquidity, and yield farming. Growing interest in Decentralized Finance (DeFi) was triggered by top 5 cryptocurrencies by 2021 four-digit APYs being earned from staking assets, besides top 5 cryptocurrencies by 2021 decentralized access to legacy assets via synthetic tokens. Moreover, pure speculation of buying and staking nonfungible tokens is driving top 5 cryptocurrencies by 2021 total crypto market capitalization to new highs.Some blockchains offer delegated staking and while staking and node validation provide lucrative rewards to operators, deploying a node isn’t something that average users may find challenging. Even for more experienced users, setting up developer nodes might take time.Ankr protocol allows easy access to multiple blockchains, including Ethereum, Polkadot, and Binance Smart Chain. By offering a cloud solution, users can deploy staking nodes and developer nodes in minutes instead of purchasing, setup, and then maintaining pricey setups on their own.In February, ANKR had a $170 million market capitalization and was trading in a relatively flat range. Still, top 5 cryptocurrencies by 2021 most recent 137% rally kicked off as top 5 cryptocurrencies by 2021 project became a Binance Smart Chain validator.As top 5 cryptocurrencies by 2021 token reached a $0.06 all-time-high on March 12, its market capitalization surpassed $400 million.Ankr’s one-click solution also offers nodes for Eth2, Avalanche, Bitcoin, Celo, Cosmos, Decred, Matic, Qtum, Tezos, and many other blockchain networks. Moreover, Ankr will handle Eth2 staking with as little as 0.5 Ether, and top 5 cryptocurrencies by 2021 project provides instant liquidity by issuing a synthetic asset called aETH.ANKR is top 5 cryptocurrencies by 2021 native governance token of top 5 cryptocurrencies by 2021 Ankr Staking platforms, and it also serves as a payment method for services, such as node deployment and app usage.