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Damanick Dantes

Damanick Dantes

Damanick was a crypto market analyst at CoinDesk where he wrote the daily Market Wrap and provided technical analysis. He is a Chartered Market Technician designation holder and member of the CMT Association. Damanick is also a portfolio strategist and does not invest in digital assets.

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Markets
Bitcoin price
Bitcoin Holds Short-Term Support at $54K, Resistance Seen at $58K: Technical Analysis
Bitcoin is oversold and at trend support on intraday charts, but still faces heavy resistance around $58,000.
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By Damanick Dantes
Mar 16, 2021 at 11:20 a.m. UTC
Mar 16, 2021
Bitcoin PriceMarketsTechnical AnalysisCryptocurrencies
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Markets
Bitcoin price
Cryptocurrency Fund Flows On Track for Record Quarter
Digital asset investment products closed on Friday with a record $55.8 billion assets under management.
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By Damanick Dantes
Mar 16, 2021 at 12:22 a.m. UTC
Mar 16, 2021
Bitcoin PriceMarketsInvestment FundsCryptocurrencies
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Markets
Inflation
Nobody Saw Inflation Coming in the 1960s, but It Could Be Back: Economist
Very few of today's bond portfolio managers and traders can remember the last inflation shock, but that does not make a new shock less likely.
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By Damanick Dantes
Mar 16, 2021 at 12:07 a.m. UTC
Mar 16, 2021
InflationHistoryEconomicsBitcoin PriceCryptocurrencies
btc-flows
Markets
Investments
Bitcoin 1Q Retail Flow Exceeding Institutional Investment: JPMorgan Strategist
The decline in institutional investment may be one reason behind bitcoin's failure to hold above $60,000.
btc-flows
By Damanick Dantes
Mar 15, 2021 at 5:41 p.m. UTC
Mar 15, 2021
InvestmentsBitcoin PriceMarketsInstitutional InvestorsStimulus
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Markets
Bitcoin price
Bitcoin Finding Support at $54K After Failing to Hold Above $60K: Technical Analysis
Profit taking around $60,000 opens the door to lower support around $54,000, causing a bit of whiplash for bitcoin traders.
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By Damanick Dantes
Mar 15, 2021 at 11:26 a.m. UTC
Mar 15, 2021
Bitcoin PriceTechnical AnalysisCryptocurrencies
beeplenft
Markets
Inflation
NFT Mania Fits With 'Crippling Inflation' Fear, but Don't Call It a Bubble
A $69 million NFT could end up being a mere pixel in a billion-dollar industry for digital assets.
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By Damanick Dantes
Mar 12, 2021 at 9:26 p.m. UTC
Mar 12, 2021
InflationNFTsArca Funds
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Markets
Altcoins
SushiSwap's SUSHI Seen at $100 Value, Up Fivefold From Current Level
SUSHI's near 3,000% rise isn't over, and could be valued at $100 using a traditional dividend discount model.
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By Damanick Dantes
Mar 12, 2021 at 9:10 p.m. UTC
Mar 12, 2021
AltcoinsCryptocurrenciesDeFiSushiSwap
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Markets
Nfts
Kraken Clients Stake $725M of FLOW Tokens, Buying Into NFT Frenzy
The surge in staking activity – similar to depositing money in an interest-bearing account – reflects the broader NFT frenzy.
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By Damanick Dantes
Mar 12, 2021 at 5:01 p.m. UTC
Mar 12, 2021
NFTsNon-Fungible TokensDapper LabsFlow
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Markets
Bitcoin mining
Miner Selling Pressure Declines, Could Fuel Bitcoin Rally, Blockchain Analysis Shows
Miner outflows have slowed since January. The last time this happened, bitcoin went parabolic.
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By Damanick Dantes
Mar 12, 2021 at 3:11 p.m. UTC
Mar 12, 2021
Bitcoin MiningBitcoin PriceBlockchain AnalysisCryptocurrency MiningMinersBlockchain Analytics
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Markets
Bitcoin price
Bitcoin Battles Resistance Near All-Time High as Possible 'Double Top' Looms: Technical Analysis
For now, BTC’s uptrend remains intact.
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By Damanick Dantes
Mar 12, 2021 at 12:20 p.m. UTC
Mar 12, 2021
Bitcoin PriceTechnical AnalysisCryptocurrencies