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Weekly analysis of Bitcoin as well as some effective Altcoins who performed well in the bullish market

While Bitcoin is gaining is significant appreciation by the crypto market, for depicting its true capabilities finally, there are other altcoins to that needs demands some attention meanwhile.

As of 11th May, as soon as Bitcoin breaks the $6900 mark, almost 20 more cryptocurrencies started reporting enormous gains on the day by press time.

As far as the exact data is concerned , Bitcoin showed an growth of 13.28% on the day as it was trading at a value $8000 at press time. Moreover if the weekly record of BTC is observed closely it can clearly be seen that the coin has shown an effective growth of at least 22% since the end of the week.

Moving on, there is undoubtedly one of the most effective altcoin out there as of now who is all set to be the new boss very soon. Yes! that’s Ethereum.

As far as the present scenario of Ethereum is concerned, it has still managed to hold its position as the largest altcoin by market cap as it currently stands at $22.8 billion. The present data clearly indicates that Ethereum has now shown a growth of more than 10.58% over the last 24 hours and after crossing $200 resistance, ETH hit $209 as per CoinMarketCap.

Well speaking about the other altcoins, here are some of the coins that were capable of showcasing enormous gains last week. First of all XRP which is crazy high crypto in Market with growth of 22.08%, Cardano(ADA) which showed a growth of over 10.41%, Litecoin as well as Tezos as both depicted their upward movement by 6.81%. At the 11-15% level growth we have, Binance Coin, Monero, EOS as well as Bitcoin cash(BCH).

About Zaryab Afser

A stock market trader, a blogger , a cryptocurrency enthusiast ... Awareness of proper trend and Action at the correct time are the 2 most imperative tools to succeed in the crypto world. He will undoubtedly provide you with the first tool. Moreover he ensures that his readers never miss any data or news of the crypto world that might end up shifting your trade to the zenith of its glory. Cheers.

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