Daily Movers Of Cryptomarket: Monero, Zcash, Chainlink, Binance Coin

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 overall market conditions are sustaining its bullish sentiment from the start of this week is a positive sign for the investors.
  • With major crypto assets, other altcoins are also able to reach new levels with positive sentiment. 
  • The overall market capitalization stands at $358,488,544,443 with the 24-hour volume traded of $77,722,488,146. 
  • The dominance of the crypto king remains at 58.5%

Where is Cryptomarket Headed? 

Bitcoin has been able to break above the crucial mark of $11,400 on some major crypto exchanges with Ethereum sustaining above the price level of $370.00. It was expected the ether can test the resistance level of $390.00 with this significant bullish move in the overall market. BTC needs to show some sustainability over the gained price levels for avoiding any negative volatility further ahead in the market. Other altcoins like REN, Cosmos, and Brand Protocol have made it to the top gainer’s list. On the other hand, crypto assets like PumaPay, Loopring, and Arweave aren’t following the market trend and facing negative momentum making to the top losers of the current market session. 

coin 360
Source: Coin360

Top Gainers 

Monero (XMR)

xmr
Source: Coinmarketcap

XMR has broken the major resistance levels of $120.00 and $122.00 respectively and reached new levels for the year in the market. The CMP is at $128.99 with the market capitalization of $2,286,446,541 and volume traded of $1,218,409,484. The XMR/BTC pair is also performing significantly positive with the gain of 10.56% bringing the current level to 0.01133091 BTC. If the bulls manage to cross above the price level of $130.00, it will suggest that $121.00 will act as a strong support level. 

Zcash (ZEC) 

zcash
Source: Coinmarketcap

Zcash was able to reclaim the crucial price level of $70.00 and also showed sustainability over the price level. The CMP is at $73.37 with an overall gain of 6.38% on Monday’ market session. The market capitalization stands at $750,688,110 with the 24-hour volume traded of $ 1,088,327,860. The cryptoasset might target the price level of $80.00. The ZEC/BTC pair is also performing significantly positive with an overall gain of 5.22% bringing the current price level to 0.00643118 BTC. 

Chainlink (LINK) 

link
Source: Coinmarketcap

The cryptoasset has managed to make a significant recovery in the price levels again after down turning to the major support level of $8.50. The CMP is at $10.88 with an overall gain of 5.48% bringing the market capitalization to $3,808,001,202 with the 24-hour volume traded of $1,354,692,097. However, chainlink is also reaching close to its major resistance level of $11.00 which has provided major negative reversals in the past.

Binance Coin (BNB) 

bnb
Source: Coinmarketcap

BNB is still attempting to break above the major resistance level of $30.00. The CMP is also close to the resistance mark standing at $29.19 with the market capitalization of $4,214,515,206. The 24-hour volume traded is at $464,525,993 with BNB/BTC pair performing significantly positive with an overall gain of 3.65% bringing the current price level to 0.00257057. The resistance level of $30.00 is proving to be a major price growth barrier for the digital asset and will be interesting to watch if the current price levels are able to break it.

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