22.8 C
Manchester
August 7, 2020
Image default
Guide & Analysis

See the best crypto market performances this week

Best weekly performances in the crypto market came from altcoins.

Another silent week in the bitcoin market is almost over. In addition, as the weekend’s volatility has decreased in recent months, and with the July 4th holiday in the US, a close without events can also be expected.

However, things have not been so quiet for the altcoins that have been the highlight of the crypto market.

Cardano

Cardano was the best performing cryptocurrency this week with tremendous progress from IOHK, the developer. The team hopes to launch its Shelley update and, with it, achieve decentralization in Cardano on July 29.

In addition, the increase in the last two days was driven by the new custody offer at Coinbase.

Opening price: $ 0.083

Current Price: $ 0.099

Weekly gain: 18.8%

Weekly High / Low: $ 0.102 / $ 0.0823

Crypto.com

With the end of the Wirecard saga having a positive result, CRO continues to grow in prices as well. It was the best performing YTD token with an increase of more than 275%. Like Cardano, CRO bulls are also battling resistance at ATH levels, a break above what could lead to additional gains.

See the best crypto market performances this week 25

Opening price: $ 0.126

Closing price: $ 0.149

Weekly gain: 5.75%

Weekly High / Low: $ 0.129 / $ 0.118

Chainlink

LINK’s accumulated growth in the year is over 165%. Its growth has been remarkable since the beginning of the year, with the integration of Oracle in the main crypto projects, including DeFi, mobile applications and smart contracts.

The resistance around the $ 4.8 to $ 5 range near its ATH is significant. However, if there is a break, traders will look to see a renewed bullish moment.

See the best crypto market performances this week 26

Opening price: $ 4.75

Closing price: US $ 4.5

Weekly gain: 3.47 %%

Weekly High / Low: $ 4.91 / $ 4.43

Tron

Tron underperforms w.r.t. for Ethereum and Cardano, but is looking for a positive moment in the last days. The Tron Foundation is working on the development of Tron 4.0. It also won a Twitter emoji, which marks the team’s consistency in its global marketing.

Support and resistance at around $ 0.018 is a significant level for bulls to break up and continue with positive price growth.

See the best crypto market performances this week 27

Opening price: $ 0.0157

Closing price: US $ 0.0166

Weekly gain: 5.91%

High / Low Weekly: $ 0.0172 / $ 0.0157

Source: Coingape

Related posts

XRP may return to the Top 3 by the end of May!

Shahrukh Ahmed

How charities are using crypto to feed the world

Shahrukh Ahmed

Price analysis: XRP, Monero and Tezos

Shahrukh Ahmed

Leave a Comment