Cryptocurrencies Price Analysis: Tezos, Tron, IOTA, BSV, ETC, NEM

Vasu Singhal
Vasu Singhal is a management student and a stock market trader. He believes that investment avenues and opportunities are very diversified. Therefore, he has an interest in blockchain technology too. He likes to evaluate best investments available in the financial market with showcasing the required skills.
  • 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%. 

Source: Coin360

TOP CRYPTOCURRENCIES GAINERS 

Tezos (XTZ) Price Analysis 

xtz
Source: Coin360

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 

trx
Source: Coin360

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
Source: Coin360

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
Source: Coin360

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 

etc
Source: Coin360

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
Source: Coin360

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. 

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