Top 5 Crypto Performers Overview: XEM EOS, Bitcoin, IOTA

Though the Bitcoin Cash fork play that is challenging has settled dismal crypto keep markets continue to rage along with a set of significant institutional investor moves are on the horizon.
The views and opinions expressed below are only those of the writer and do not necessarily reflect the perspectives of Cointelegraph.com. Each investment and trading move entails danger, you must conduct your own research when making a decision.The market information is supplied by the HitBTC exchange.At that the beginning of the year, the total market capitalization of cryptocurrencies was over $828 billion and many expected it to touch $1 trillion. However, with no ending in sight, the bear market was bone-crushing following this past year’s hype. Others, however, consider that the collapse is a great chance to purchase for the long term, as they think that the fundamentals are improving.Another important recent development has been that the costly Bitcoin Cash warfare has ended, with Bitcoin Cash SV choosing to move on, leaving Bitcoin Cash ABC at charge of the Bitcoin Cash brand name. Whether or not this is going to end in a pullback at crypto prices remains to be seen.XEM/USDNEM (XEM) is the best performer among the top cryptocurrencies in the past seven days, though it has slumped about 18 percent, showing bear dominance across markets.Though the bears succeeded in breaking down the scope, they’re trying hard to sustain prices at reduced levels. Buying at reduced prices has retained the XEM/USD pair close to the array of $0.07790717–$0.13125258. The 20-day EMA has turned down and the RSI is at the territory, which proves that the bears have an upper hand. If they succeed in sustaining beneath the scope, the autumn can expand to another support level at $0.05. On the other hand, if the bulls defend the base of the stove and push prices higher, a range bound action is likely to deteriorate. After the cost sustains over the scope A trend reversal is going to be indicated. In such a circumstance, the rally may carry the digital money into $0.2. We suggest dealers wait for the trend to change and a new uptrend to start before venturing outside to purchase it.XRP/USDRipple (XRP) continues to be in the news as it announces new partnerships with various banks throughout the world. Though it has tied up with a couple of big banks elsewhere, it’s yet to make a direct impact at the U.S.. The latest rumor was that it may seal a deal with Bank of America, which would give a significant boost to the digital currency.Such rumors are a wonderful buying opportunity in a bull period. However, during a bear phase, traders should be careful while buying the rumor because if it turns out to be false, prices may plunge.After following the week before last, the XRP/USD pair succumbed to selling from the past week. The pair has dipped close to the first service at $0.37185. If this support rests, a retest of this year-to-date low of $0.24508 is likely. The zone between $0.22 and $0.24508 will be likely to act as powerful support.Long-term investors can wait for the prices to stabilize at lower prices and buy a portion of their preferred allocation. The rest can be inserted at higher levels as the digital money starts a new uptrend.If the bulls defend the $0.37185 amount, the virtual money will continue to stay in a tight assortment of $0.37185–$0.565. We expect a pickup in momentum in the event the bulls scale the overhead immunity of $0.7644. The aim to see about the upside is $1.28372. Though $0.96490 may act as a slight immunity, we expect it to be crossed.   EOS/USDThe number of on-chain trades on the EOS (EOS) network shirts that of other hot cryptocurrencies, based on Blockchain Center. An investigation from BitMEX, a Bitcoin/dollar derivatives market based in Seychelles, has increased several question marks concerning EOS and has stated that the protocol has quite a way to go if it needs to question the dominance of Ethereum in the DApp world.The EOS/USD pair broke down through crucial service at $3.8723, signaling a new year-to-date low. In the event the cost sustains under this amount, the autumn can expand to another lower amount of $3 and under to $2.1531. The downward sloping EMA and the RSI under 40 levels reveal that the route of least resistance would be to the disadvantage. The bearish opinion is going to probably be invalidated if the bulls quickly push the cost over $3.8723 and scale that the $4.49 mark. A trend change will be indicated if the digital money breaks out of their $6.8299 range.BTC/USDLast year following Thanksgiving, Bitcoin (BTC) began its Travels rally that surfaced $19,531.9, increasing 144 percent within a month. Bitcoin, yet, has seen worse falls than these in the past, and it has recovered on each occasion.The starts of Intercontinental Exchange-backed trading platform Bakkt and a crypto advantage custody service by Fidelity at 2019 are poised to entice the institutional cash that has been slow to enter the asset class. It’s risky to try to catch a falling blade traders must wait to find some buying support before entering positions.   IOTA/USDIn a set of blog posts, the IOTA (MIOTA) foundation has announced it is seeking to remove the so-called Coordinator from your IOTA network. As the Foundation asserts , this movement is going to be a significant step towards decentralization to your protocol.Recently automotive sector app developer High Independence announced a partnership with IOTA. Under the new alliance, programmers at High Mobility will build new types of mobility programs based on IOTA’s ledger.The bears bankrupt under the service at $0.4037 and lasted lower, touching an intraweek reduced of $0.28. At present, the MIOTA/USD pair is attempting to climb over $0.3193. The downward sloping EMA and the RSI in the land show that each pullback is going to be fulfilled with selling pressure. In the event the service at $0.28 breaks, then the autumn can expand to another lower amount at $0.1427, with a minimal support close to $0.23 levels.On another hand, even if the cost recovers from the present levels and climbs over $0.4037, the digital money could consolidate for a few weeks before attempting to start a new uptrend. We propose dealers wait for the trend to change before buying. […]

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