cryptocurrency price It fell in the final week of the year as fears of a global recession coincided with fears of high interest rates. Bitcoin plummeted to a low of $16,485. Other coins such as XRP, ETH and ADA also fell. Here is the crypto price prediction for the last week of the year.
Mirror Protocol (MIR)
A dead cryptocurrency, the Mirror Protocol was one of the best performing cryptocurrencies in the final week of the year. It surged to a high of $0.24, about 173% above its low this year. It is now back at $0.14.
As I wrote, the Mirror Protocol was an important part of Terra’s ecosystem. HereIt used its technology to allow people to buy and sell financial assets in a tokenized way. For example, it was possible to purchase Apple stock in token form. The advantage of this was that the user could trade these tokens on his 24 hour basis.
Mirrors have been deprecated following the collapse of the Terra Protocol and Terra USD stablecoins. The price is currently above the 25-day and 50-day moving averages and the Relative Strength Index (RSI) has moved to the 50 neutral point. Therefore, we expect MIR prices to continue to come under pressure as sellers target key. Support at $0.1225.
How to buy Mirror Protocol
As MIR is a very new asset, it is not yet listed on any major exchange. However, he can buy MIR using a DEX (decentralized exchange), but this means some additional steps. To purchase MIR now, follow these steps:
1. Buy ETH on a regulated exchange or broker such as eToro ›
We recommend eToro. This is because it is one of the world’s leading multi-asset trading platforms, an all-in-one exchange and wallet, and some of the lowest fees in the industry. It is also beginner-friendly and offers users more payment methods than any other available service.
2. Send ETH to a compatible wallet such as Trust Wallet or MetaMask
You need to create a wallet, get an address and send coins there.
3. Connect your wallet to 1Inch DEX
Head over to 1Inch and “connect” your wallet.
4. You can now exchange ETH for MIR
Now that you’re connected, you can redeem hundreds of coins, including MIR.
Serum (SRM)
serum Another dead cryptocurrency. It was a major player in Solana’s ecosystem, with a total value locked (TVL) of over $1.5 billion. Serum’s problem was that his personal key was held by his FTX, thus losing trust in the ecosystem. Today, the total value of his locked serum has dropped to less than $395,000.
The SRM fell to $0.115 this week before rising to $0.15. It has broken above the moving averages but is overbought. Therefore, we believe the bearish momentum will resume over the weekend. If this happens, we may retest critical support points for $0.12.
How to buy the serum
binance
Binance is one of the largest cryptocurrency exchanges in the world. Suitable for more experienced investors, with over 600 cryptocurrencies to choose from. Binance is also known for its low trading fees and multiple trading options that users can benefit from. Peer-to-peer trading, margin trading, spot trading.
Buy SRM now on Binance
Wazirkus
WazirX is India’s largest cryptocurrency exchange. Launched in 2018, WazirX has grown to become the most trusted exchange in the Indian crypto market. It is part of the Binance Group and serves users in 180 countries.
Buy SRM now at Wazirx
Solana (SOL)
Solana has experienced one of the deepest declines in 2022. It plunged from a record high of $260 to $10. The recent sale was due to his close partnership with FTX and Alameda, the primary funders. As such, the collapse of FTX led to a massive liquidation that caused the price to drop significantly.
On the daily chart, Solana is trading below all moving averages and the $10 sentiment level. The Relative Strength Index (RSI) has broken below the oversold level. Therefore, Solana may continue to fall as sellers target the next critical support point of $5.
How to buy Solana
eToro
eToro offers a wide range of cryptocurrencies such as Bitcoin, XRP, as well as crypto-fiat and crypto-crypto pairs. eToro users can connect, learn, copy, and be copied by others.
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public
Public is an investment platform where you can invest in stocks, ETFs, cryptocurrencies, alternative assets like art and collectibles all in one place.
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