Daily Movers of the Crypto Market: EOS, ETC, VETA, And DOT

Pratik Chadhokar
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 possesses strong technical analytical skills. He is well known for his entertaining and informative analysis of the Financial markets.
  • Due to the dull global market, the crypto market decreased by 2.20% major coin also trading in red Bitcoin at $10600 (-1.43%) and Ethereum at $340 (-3.83%) 
  • The US President Donald Trump delayed the stimulus package was reason of week global sentiment, meanwhile the global crypto market cap stands at $335.09 B
  • The volume in the crypto market jumped over $111 B which makes an increment of 20% meanwhile, the Bitcoin Dominance remains at 58.62%

The US President halted the offer of a stimulus package and promised after US elections. Since then the global markets turned into the red after a sudden selloff before showing signs of recovery. BTC is currently trading at $10,600 and makes a low of $10,528. Volume was traded around $110,103,448,668 in 24-hours and the overall market cap remains at $335,053,079,412. 

source: coin360

Gainers 

EOS (EOS)

source: tradingview

The coin rose to 4.98% in the weak global market and gained 2.50% over the last seven days, the volume observed was around $5,247,389,315 in today’s trading session likewise the market cap stands at $2,486,681,551. As the news of Google Cloud joins EOS supports the coin to outperform in the red market, the coins make a low of $2.44 over the monthly chart after falling from the level of $3.45 and now trading at the level of $2.66.

Ethereum Classic (ETC) 

source: tradingview

The token shows strength in the dull market as it is trading at the level of $5.21 and gained 2.10%. However, it looses around 2.41% over the last seven days. The volume of $580,522,297 is observed and the coins market cap remains at $605,549,923. ETC has a low of $4.70 over the monthly chart and it has slipped from its monthly high of $5.75. It has a minor resistance at $5.30 after that we can see a target of $6.0 in coming days 

Losers

VeChain (VET) 

source: tradingview

The crypto asset currently trading at the level of $0.0099. It has support at $0.0098 over the four hours candle chart pattern and $0.0120 acts as a resistance level for the coin. It slips over 9% in today’s trading session likewise it loses 22%. Over the last seven days, the volume was traded around $166,273,582 in 24-hours and the market cap of the coin stands at $646,210,942.

Polkadot (DOT)

source: tradingview

DOT slipped over 8% in intraday and it went down by 14% over the last seven days the coin`s volume stands at $819,363,423 daily and the market cap at $3,242,121,742. The support of the coin was $3.65 and the level of $5.98 as resistance over the monthly chart the coin`s chart is weak so caution for the investor.  

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