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Top 5 cryptocurrencies to watch this week: BTC, MATIC, NEAR, ATOM, HNT

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Cryptocurrency1 hour ago (Dec 27, 2021 02:20AM ET)

Top 5 cryptocurrencies to watch this week: BTC, MATIC, NEAR, ATOM, HNT © Reuters

After staying above $50,000 on Christmas day, (BTC) faced selling pressure on Dec. 26. One of the reasons for the possible dip in Bitcoin’s price is the increase in inflows to the Binance exchange. Data analysis account Material Scientist said that Binance’s inflows could be due to “a new player.”

Although Bitcoin is almost certain to miss PlanB’s floor model price projection of $135,000 for December, the creator of the stock-to-flow price model remains bullish. He said that Bitcoin’s price at $51,000 remains within one standard deviation of the model, which keeps the forecast of $135,000 for this halving cycle in play.

Crypto market data daily view. Source: Coin360
BTC/USDT daily chart. Source: TradingView
BTC/USDT 4-hour chart. Source: TradingView
MATIC/USDT daily chart. Source: TradingView
MATIC/USDT 4-hour chart. Source: TradingView
NEAR/USDT daily chart. Source: TradingView
NEAR/USDT 4-hour chart. Source: TradingView
ATOM/USDT daily chart. Source: TradingView
ATOM/USDT 4-hour chart. Source: TradingView
HNT/USDT daily chart. Source: TradingView
HNT/USDT 4-hour chart. Source: TradingView

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