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.

Damanick Dantes

Latest from Damanick Dantes


Markets

Market Wrap: Cryptos Mixed as Volatility Fades; Analysts See Risk of Selling Pressure

Traditional safe-haven assets declined on Tuesday as Russia-Ukraine tensions eased, but some indicators point to a pause in the risk-on rally.

Volatility ahead (Matt Hardy/Unsplash)

Markets

Bitcoin Approaching Resistance at $48K-$51K, Support at $45K

BTC appears to be overbought, although pullbacks cold be brief.

Bitcoin daily price chart shows nearby resistance and RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: Why Japan, China and Other Regional Powers Still Put Their Faith in T-Bills, Gold; Cryptos Climb Higher

Some observers viewed bitcoin as ushering in a new era of financial sovereignty amid growing uncertainty about long-term U.S. economic dominance globally, but many countries are still investing in gold and U.S. Treasury bills.

Gold bars (Bright Stars/Getty Images)

Markets

Market Wrap: Bitcoin Rallies as Crypto Holders Accumulate

Crypto prices are rising after the Luna Foundation Guard purchased $1 billion worth of BTC.

Bitcoin 24-hour price chart (CoinDesk)

Markets

Bitcoin Breaks Above $46K, Resistance at $48K-$51K

Momentum turned positive for the first time since July, although a significant price rally could be delayed.

Bitcoin daily price chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: Crypto Concerns Weigh on Taiwan PC Component Makers' Stocks; Bitcoin Springs to 3-Month High

Share prices of Asus, Gigabyte and MSI have fallen amid a massive drop in pricing for graphics cards as Ethereum's transition to a proof-of-stake protocol nears; ether and other cryptos gain.

Taipei (Unsplash)

Markets

Market Wrap: Bitcoin Outperforms as Crypto Bulls Take a Breather

BTC is up 5% over the past week. Analysts expect further upside after a brief pullback in price.

(Jared Schwitzke/Unsplash)

Markets

Bitcoin Faces Initial Resistance at $46K; Support at $42K

Seasonal strength could keep buyers active within the year-long price range.

Bitcoin weekly price chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

Markets

First Mover Asia: Taiwan GameFi Company Gets a Boost in Its Quest to Develop a More Entertaining Game; Altcoins Stand Out

Red Door Digital will use the $5 million seed round from several high-profile venture firms to create games that are technologically superior but also entertaining; bitcoin also rose solidly.

View of the Taipei Skyline with Taipei 101 at night

Markets

Market Wrap: Cryptos Rise as Russia Mulls Bitcoin for Oil Payments; Dogecoin Rallies

Bitcoin rose 4% over the past 24 hours, compared with a 6% rally in DOGE.

(Frank Busch/Unsplash)