The crypto market is still bearish generally with a few coins in the green zone. Analysts recommend short term trades until the uptrend comes back. Long term traders will have to wait before buying. Here are some of the top performers this past week:
Bitcoin (BTC) Price Today – BTC / USD
According to CoinTelegraph, ETC was the best performer of the week. Most of its rally came from the upcoming Atlantis Hard Fork. The event is scheduled for September and it will work on the security concerns of the community. The ETC Labs also announced that North Block Capital has become a part of its Studio Program. The parties will work together to build comprehensive token sales plans for clients of the companies. The company also hopes to expand to the Asian market.
Analysts believe that the sharp rally has come to stay in the short term.
This token was the second best performer. IOTA is now being used in machine to machine payments for the EDAG CityBot multifunctional robotic vehicle. Also, a new parking app built by trive.me uses IOTA’s Tangle as well.
MIOTA’s performance was impressive and analysts believe that the token stands a good chance to remain in the green zone this week.
Cardano is making a move to push back into the top ten list of cryptos by market cap. The price of ADA is currently close to the support level. Traders can choose to buy on $0.035778. there is a resistance level at $0.0580828. if the price breaks out of the moving average, it could move to $0.10.
TRX has been in the news lately for its rising DApps. According to DApp review, the network has 561. Also, transaction volume and time also increased by more than 30% in the last seven days. Will be price momentum continue? Analysts believe that there is a risk of a reversal of price.
XLM is fifth on the list as it has a flat performance for the past week. Can the token rise or decline further? The XLM/USD pair has touched yearly lows in the past 14 days and this shows a downtrend. The moving average is dropping as well with the relative strength index in the negative area. This points to a possible bear market. It may not be a good time to invest in the long term.
Some traders still believe that altseason is coming soon. What do you think about this?