Cryptocurrency news over the weekend showed that the market is slow with only a few coins seeing any growth. Binance Coin, at press time, saw a 3.73% increase while Basic Attention Token led by an amazing 7.69%. Both coins are new on the block and when it comes to choosing the best cryptocurrency to invest in 2019, they have promising outlooks.
Bitcoin (BTC) Price Today – BTC / USD
Crypto markets had a lethargic weekend
Over the weekend, there hasn’t been much activity in the market with so many coins in the red. The total market cap is still at $172 billion, which is not too bad. However, if the bears persist, it could fall again.
Bitcoin had a good week overall but dropped to $5,060 after it recovered above $5,100. Even though BTC price dipped slightly, its gains are still significant from the initial bull market of April 2. From the charts, it is evident that the bulls are still on target and should expect a breakout soon.
Ethereum, the 2nd largest cryptocurrency by market cap also had a good week but seems to be getting weaker as volumes drop. ETH price dipped to $165 again despite indications that it is heading for $200.
Binance Coin(BNB) stayed in the green while all top ten coins bled
BNB saw a 3.73% increase while other coins in the top ten didn’t see any gains. It is the 7th largest cryptocurrency by market cap according to Coin Market Cap. It is presently valued at $19.08 with a market cap of $2.69 billion. Yesterday, the Coin saw a 6% increase after Binance Labs awarded grants to some startups. It is primed for more gains in the coming week. Bitcoin Cash as well as Litecoin lost up to 3% of their value and dropped to $275 and $77.
In the top twenty, the story isn’t different. Most coins are in the red with only BAT and Tezos seeing some gains. Basic Attention Token saw an impressive 7.69% and is considered the top gainer this weekend. This was the same case for the coin yesterday as it saw a whopping 11.06% rise in value. It seems positive cryptocurrency news on the coin as well as adoption of its native browser, Brave has some positive effects on the coin. Recently, the Brave browser publishers were verified including top news publishers like LA Times and Washington Post. There is also news that the platform is planning to introduce tipping with BAT on Twitter for individual publishers.
Is breakout imminent for the market?
Even though the cryptocurrency market has seen a drop in total market cap from $174 to $173 billion, a breakout seems imminent. The daily trading volume also dipped to $35 billion as the consolidation takes place.
Other altcoins in the top 100 had a better weekend as coins like REPO saw a 30% pump. Maximine also saw a 20% pump with Enjin recording a 12% increase.
Which is the best cryptocurrency to invest in 2019?
There are a lot of promising coins. The best cryptocurrency to invest in 2019 would be one that is primed for mass adoption and that solves a real problem. Following the market and cryptocurrency news can also provide a clear picture of the best cryptocurrency to invest in 2019.
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.