- Tezos, Hedera Hashgraph and Bitcoin SV post-double-digit gains this weekend
- Digital asset market slowly entering the bull zone
- Experts expect a new altcoin season to commence soon
Cryptocurrency News Today – the digital asset market has reportedly continued its rise this weekend after a brief stint with the bears. BTC’s dominance has remained in the areas of 63-64%. The overall market capitalization remains at $263 billion at press time. BTC’s sway over the market in terms of trading volume on Binance exchange fell from 40% to a low of 27% last month.
It appears this move is already in favor of altcoins. No wonder commentators have declared that a continuation of this pattern for BTC, suggests a greater appetite for the bulls to return for altcoins. Three digital assets have stood out this weekend including Tezos, Hedera Hashgraph and Bitcoin SV. Let us see their analysis below.
The most recent coin to join the list of the top ten digital coins on the crypto list by market cap Tezos (XTZ) increased exponentially since the beginning of this year. Along with other altcoins and BTC, Tezos too went through a market correction towards the end of last month. The coin’s good fortunes can be attributed to an important development for the Tezos network, after the success voting in and implementation of the Carthage protocol.
This is essentially a network upgrade. This move by the network prompted XTZ bulls to retake control allowing the coin’s value to appreciate by 31.64% in the past seven days. As of when this content was published, the price of XTZ stood at the $3.17 area. The coin also had a market capitalization of $2.22 billion. It posted a trade volume of $148 million as well.
Hedera Hashgraph [HBAR]
The price of HBAR has appreciated by a mile over the last month. This growth could be attributed to reports that Google has joined the network’s governing council. Although the value of the coin fell afterward, the HBAR bulls regained control and HBAR posted gains of 86.71% this week. HBAR had a market capitalization of $185 million, at the time of writing. The token was changing hands at $0.054. It reportedly registered a trading volume of $25.61 million in the last 24 hours of trade.
Bitcoin SV [BSV]
Bitcoin SV has posted huge gains this year. BSV was up by 19.87% last week. It has stayed bullish for most of this year apart from minor dips on the road. At press time, BSV’s market cap was $4.40 billion. It had a 24-hour trade volume of $240.6 million. The price of BSV was trading at $240.60 at press time.