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BTC Has Been The Focal Point, Yet ETH Is Positioned For Substantial Growth In 2024.

By March 8, 20242 minute read

The price of Bitcoin is $67,605.65. There was a 1.54% increase in its price in the last 24 hours. The 7-day Bitcoin is up by 10.27%.

Ethereum (ETH) is currently trading at $3,933.61. There has been an increase of 3.13% in its price in the last 24 hours. The 7-day ETH is up by 16.38%.

The Exponential Moving Average for a 10-day EMA indicates “Buy” at 63731, and a 200-day EMA indicates “Buy” at 41490. The Simple Moving Average for a 10-day SMA indicates “Buy” at 64383, and a 200-day SMA indicates “Buy” at 38447.

The Ichimoku Base Line, valued at 58465, continues to be neutral. The Hull Moving Average indicates “Sell” at 67422, and the Volume Weighted Average indicates “Buy” at 60409. 

The Relative Strength Index (14) sits at 74, indicating “Neutral”. The Stochastic %K (14, 3, 3) at 87 indicates “Neutral,” and the Average Directional Index (14) at 53 indicates a “Neutral” outlook.

The MACD Level (12, 26), at 4938, indicates “Buy”. The Stochastic RSI Fast (3, 3, 14, 14) at 35  indicates ‘Neutral’, and William’s Percentage at -11 indicates ‘Neutral’.

As of 12:15 AM, 08th March 2024, on WazirX, Bitcoin’s current price is ₹57,45,000. Its price has increased by almost 1.58% in the last hour and 1.28% in the last 24 hours. In the past seven days, Bitcoin has increased by 9.23%.

Ethereum (ETH) is trading at ₹3,33,980, up 3.31% in the last hour and 3.39% in the last 24 hours. The 7-day ETH is up 15.21%.

The top gainers on WazirX include DeXe (DEXE), Floki (FLOKI), and Vulcan Forged PYR (PYR), with price increases of 78.72%, 46.13%, and 40.41%, respectively.

However, the tokens that underperformed comprised Civic (CVC), FTX Token (FTT), and Fetch.AI (FET), with a price decrease of 6.68%, 6.5%, and 4.52%, respectively.

Shiba Inu (SHIB) saw a price increase of 7.37% and is now priced at ₹0.002825. Dogecoin (DOGE) saw an increase of 7.23% and is now priced at ₹13.8908.

Disclaimer: Cryptocurrency is not a legal tender and is currently unregulated. Kindly ensure that you undertake sufficient risk assessment when trading cryptocurrencies as they are often subject to high price volatility. The information provided in this section doesn't represent any investment advice or WazirX's official position. WazirX reserves the right in its sole discretion to amend or change this blog post at any time and for any reasons without prior notice.
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