1.57 billion people are celebrating Eid al-Adha today, and the crypto markets are relatively calm. Of course, there are some positive outliers. Many cryptocurrencies are traded on the Binance exchange. Among these, some manage to outperform the average gains or losses. CVX, FTT, and REI Coin stood out as the top gainers on the exchange at the time of writing.
CVX Coin Price Prediction
Today, CVX Coin, which found buyers at $2.558 with nearly a 25% gain, became the highest increasing cryptocurrency on the Binance exchange. The cryptocurrency, which outperformed Bitcoin, Ethereum, and meme coins, bounced from its low on June 16. After forming its third daily candle, CVX Coin increased its gains to 50% and returned to its price on June 6, when the decline began.
BTC has not yet recovered its losses, but CVX Coin has managed to do so. And if it can close above $2.92, we could see the rally extend to $3.64. This would mean a clear reversal of the downtrend that started on March 7 and targeting $5.5.
FTT Coin Commentary
Crypto fraudster SBF and his accomplices have been sentenced. Refunds will be made to victims at November 2022 prices. SBF will remain in prison for over 20 years. So why is there an altcoin like FTT Coin, and why is it traded on major exchanges? This may seem very meaningless, but some speculative investors are trying to convince others of the story that the exchange could reopen. Even if the exchange reopens, why would the new owners integrate FTT Coin, which they do not control, into the exchange? For speculative traders, these things are very insignificant; for them, the price increase is enough.
FTT Coin, which took $1.32 as its base, climbed to the $1.6 region. If it can stay above this level, upper wicks to $2.16 may come. These upper wicks are where those inflating the price sell, as we have seen in previous examples. In the long term, FTT Coin looks extremely risky.
REI Coin Price Commentary
The candles on March 28-29 show us how risky an asset this is. The price, which recovered from the $0.0563 base, could start a new speculative rise. After $0.079 and $0.095, $0.138 are possible targets. If the last peak is also surpassed, we could see a more absurd, large peak.
