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- The crypto market is showing minor positive movement with the majority of the coins showing the small magnitude of positive movement
- Some of the altcoins like v.systems, molecular futures, bitcoin SV are showing a negative downtrend in the market.
- The overall market capitalization is of $255,703,474,455 with 24h volume traded of $129,184,681,756. The market dominance of BTC remains at 63.6%.
TOP CRYPTOCURRENCIES GAINERS
Tezos (XTZ) Price Analysis
For fighting the bearish momentum in the market, the Tezos community thought of fighting the coronavirus. Surprisingly, the tactics worked and provided tezos a much required positive movement in today’s market. Tezos developer, Johann Tanzer organized a prize pool which has accumulated 340XTZ ($1000).
Tezos started with a price level of $2.90 and broke the crucial level of $3.00 again. Currently, the price level is at $3.20 with an overall gain of 12.90%. The market capitalization of $2,264,545,100 and 24h volume traded of $236,007,068 puts the altcoin in a strong bullish position.
Tron(TRX) Price Analysis
Tron is also a significant positive movement in today’s market. With an overall gain of 3.17%, the current price level is at $0.018. The market capitalization is $1,202,814,686 and volume traded of $1,432,577,533. Breaking the crucial price level of $0.020 is becoming a top priority for the altcoin otherwise can face price consolidation between the price range of $0.015 to $0.020.
IOTA (MIOTA) Price Analysis
IOTA is also a significant bullish movement after facing downtrend for a while now. However, the bullish trend is unable to put the altcoin above the price level of $0.25. Currently, the price is at the level of $0.23 with an overall gain of 4.69%. The market capitalization is $653,212,334 and volume traded of $8,065,626.
IOTA is moving between the price range of $0.20 and $0.25 for a while now. Therefore, a break above the price level of $0.25 is much required for the altcoin.
TOP CRYPTOCURRENCIES LOSERS
Bitcoin SV (BSV) Price Analysis
BSV is facing negative momentum in today’s market with an overall loss of -2.68%. After having successful closing above the price level of $240, BSV is facing price corrections again. The current price is at the level of $237.80 with the market capitalization of $ 4,354,284,664 and a volume trade of $ 2,328,608,745.
The crypto assets were facing downtrend after breaking below the crucial level of $300 and touched the support level of $220 from where it gained positive momentum again.
Ethereum Classic (ETC) Price Analysis
After facing major resistance from the price level of $9.90, ETC was facing heavy downtrend activities for the past few days until it touched the major support level of $7.80. it helped the altcoin to surge above the safe price level of $8.00.
However, it is on a minor downtrend again in today’s market with an overall loss of -0.80%. If this minor downtrend forced ETC to go past below the safe price level of $8.00, we can see some heavy bearish momentum for the crypto assets. The market capitalization is $950,138,013 and volume traded of $1,940,571,474 for the crypto asset in the market.
NEM (XEM) Price Analysis
NEM is also facing a minor downtrend of -0.40% in today’s market. The market capitalization is $484,988,133 and volume traded of $31,899,789 for the crypto assets. After facing a heavy downtrend from the price level of $0.077, it is currently at the support level of $0.050 and $0.048 respectively. If the altcoin can break the level of $0.060 again, the bullish momentum may again come into play.
Mr. Pratik chadhokar is an Indian Forex, Cryptocurrencies and Financial Market Advisor and analyst with a background in IT and Financial market Strategist. He specialises in market strategies and technical analysis and has spent over a year as a financial markets contributor and observer. He possesses strong technical analytical skills and is well known for his entertaining and informative analysis of the Financial markets.
