Zilliqa News Today – Headlines for October 5

  • Zilliqa posted the most gains on the day despite the plunging market
  • XRP price swings bullish for the first time in October 2020
  • Cardano nurtures a bullish market and mirrors Bitcoin’s price sentiments

Zilliqa News Today – there’s been a price plunge in the market since yesterday. Only a small number of altcoins have been bullish this period. While the price of Bitcoin moves between $10,500 and $10,700, ETH may have taken a break and is currently trading at $350.

Other altcoins have plunged by considerable margins. The total market cap of the market has sunk extensively. The fear of an oncoming bear market, tokens like Zilliqa, XRP, and Cardano have recorded slight gains that drew our attention.

Zilliqa is the Highest Gainer Today

Zilliqa gained 9%. The gains came after several weeks of sideways price movement, a bull run was initiated in the last 24-hours. ZIL is currently trading at $0.020 with a market cap of $228 million. It has an exchange volume of $68 million in the last 24 hours of trade. ZIL broke the resistance of $0.0198 to surpass this area. Eventually, it managed to rise to $0.0205 posting a 12% rise. Beyond this position, the next area of resistance rests at $0.021 where the coins’ price has tested and failed previously.

The Price of XRP Has Gained Slightly in the Recent Days

XRP’s price has struggled on the chart in recent days. As the cryptocurrency market began to recover, the price of XRP remained silent and continued to trade sideways instead. It reached the $0.24 region where it remained for several days. XRP gained 6% in the last 24-hours landing at $0.256 per token. XRP eventually plunged by a margin of $0.24. This price point is currently the position where it is changing hands. The coins’ price found major support at $0.245. The next major resistance level lies at $0.255. XRP’s current price trend is bullish.

Cardano Has Gained 5% in the last 24-hours

The crypto surpassed Bitcoin and other major altcoins. Its recent bull run has painted a bullish outlook in the near-term which may be a sign of how the future prices will look. Amid an intraday price swing, ADA reached the top position of $0.099. This price top was posted after bouncing off the bottom price support from September 24, of $0.090. The price bounce was not opposed by the midline MA upon which the coins’ price has had major challenges in the past.

At press time, ADA was trading at $0.097 with a market cap of $3.0 billion. The above-mentioned figures relate to the cryptos fluctuating 24-hour trading volume which is currently $385 million.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.


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