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Crypto Updates Nov 16, 2021: Top Crypto News for today

Polkadot price rally to continue. Crypto analysts believe that Polkadot will prime to the stratosphere after crossing the resistance zone of $46. Read more about the price prediction and technical analysis on Polkadot below. 

Do you think Ethereum will touch $10,000? Well, that question is yet to be answered however, experts believe that ETH is soon to touch the $5000 mark. Although it has retreated in the past few days, investors are not worried and are bullish on Ethereum. Read more on why Ethereum is expected to touch $5000. 

Santander, Spain’s leading banking services have confirmed the release of Bitcoin ETF. The crypto regulations in Spain are quite ambiguous as of now. However, the bank officials confirmed that the project has been in action for quite some time now. Read more on this below. 

Before we head to the top cryptocurrency news for the day, let’s learn about the top losers and gainers of the day. 

Crypto Market Trend  November 13, 2021 

Top 3 Crypto Gainers 

 

Cryptocurrency  Price (latest by November 13, 2021)  Change in % 
UMA (UMA) ₹ 1671.29 23.55%
Polymath (POLY)  ₹61.98 17.53%
Tether (USDT)  ₹80.94 1.29% 

 

Top 3 Crypto Losers 

Cryptocurrency  Price (Latest by November 16,  2021)  Change in % 
Loopring (LRC)  ₹ 215.76 9.57%
The Sandbox (SAND)  ₹210.28 8.59%
dYdX ₹1076.19 8.75%

Crypto Updates November 16 

Analysts predict a bullish rally for Polkadot 

Crypto analysts predict Polkadot to prime to the stratosphere and are quite bullish on it. Crypto analysts believe that Polkadot might soar high after crossing the $46 resistance zone. The current price prediction is based on Elliot wave theory where Polkadot is seen for the third wave rally, longest in the five-wave uptrend. 

Read the detailed price prediction here.

Source: The Daily Hodl

Analysts believe ETH to continue price discovery above $5000. 

Analysts believe that Ethereum’s price is likely to continue and remain elevated. Experts believe that buyers are not afraid even when Ethereum turned away from its all-time high of $4869. 

Ethereum price action has created a pennant on the four-hour chart, currently fighting a resistance zone from the $4750 level provided by the pennant’s downtrend line. 

Read a detailed price action here

Source: CoinGape

Spain to Launch its very first Bitcoin ETF 

Spain’s leading banking service, Santander, has confirmed its release of the first Bitcoin ETF. The bank officials have confirmed that the project has been at work for quite some time now. 

One of the reasons for Spanish banking services to not specify the time of release is due to the unclear regulations around the crypto space in Spain. Read more on Bitcoin ETF and other regulations around it here. 

Source: CCNews24

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