In light of data from CoinMarketCal, we have compiled this week’s top three cryptocurrencies by analyzing them.
In line with the “fundamental analysis” that has a big place in the crypto industry, we have prepared three cryptocurrencies featured this week by the popular crypto news site CoinMarketCal. These cryptocurrencies have attracted the attention of crypto investors with their developments throughout the week.
1- Bitgert (BRISE)
BRSE is a crypto engineering project built on blockchain elements and audit solutions, presented in July of 2021. The token of the Bitgert project, which offers options to PancakeSwap, is BRSE. BRSE is a cryptocurrency offered to investors to carry out BUSD rewarding activities via staking. BRISE Coin is the BRISE Wallet DAPP peer-to-peer (P2P) service tool available within the Bitgert platform.
Looking at the current chart analysis for BRIE, 46-51-56 levels seem to have worked as support, respectively. In order for BRIE to continue its price increase, it can be observed that the levels of 62 and 69 are exceeded.
2- Klaytn (KLAY)
It is an open source blockchain platform with the activeness of blockchain technology by providing an easily accessible development environment. The KLAY protocol, released in 2019, is likened by the community to Facebook’s Diem (Libra) project. However, the community states that it is more advanced than Libra. KLAY’s main goal is to take advantage of the unique features of blockchain such as transparency, traceability, immutability and privacy.
Looking at the 4-hour time frame for KLAY, the $0.269 level has acted as a strong support and reacted well. KLAY, which is currently hovering at the support level, can target the $0.335 and $0.374 levels, respectively, if it can sustain the $0.292 level. In the possible bearish scenario, retracements up to 0.269 levels can be considered normal.
3- VeChain (VET)
VET is a blockchain platform designed to facilitate chain management and improve business processes. VeChain’s goal is to streamline and deliver information flow and process for mixed chains using Distributed Ledger Technology.
Looking at the chart analysis of VET, it can be said that it has started to rise again by getting a reaction from the support level of $ 0.026. As the current situation, the nearest resistance level of 0.028 can be exceeded, and $ 0.030 and $ 0.032, respectively, can be expected. On the other hand, VET can decrease to $ 0.026 levels again.
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