Today’s Impressive Gainers: Stellar (XLM), Ox (ZRX), DASH and Bitcoin Diamond (BCD)
The crypto-markets usually exhibit some sort of fatigue during the weekends that is usually evident through low trade volumes. Ethereum World News had put forth the idea just yesterday that Bitcoin (BTC) might face an uphill task as it attempted to maintain the gains it had achieved during the past week through the weekend. But the King of Crypto has stood its own in the crypto markets and is currently trading at $7,438 at the moment of writing this. The new BTC resistance level is between the ranges of $7,500 and $7,600. Hopefully with the new week, we will see levels of BTC that are close to $8,000.
With the stability of Bitcoin and its dominance at 45.2%, the total market cap of the crypto markets has also remained stable and is currently at $282.15 Billion. Whenever BTC is stable or is in an upward trajectory, the rest of the market also shows some gains. Below are four cryptocurrencies that have increased by impressive percentages in the last 24 hours.
Beginning with Stellar (XLM), the coin has been in the spotlight for quite sometime now. Coinbase recently announced that it was exploring adding the digital asset to its platform together with Ox (ZRX), Basic Attention Token (BAT), ZCash (ZEC) and Cardano (ADA). XLM is also benefiting from the news that IBM will be launching a stable-coin on the Stellar blockchain. The coin also received Sharia-compliance only last week. It is no wonder that XLM is currently trading at $0.29 and up 7.58% in the last 24 hours.
DASH on the other hand is also up 4.42% in the last 24 hours and currently trading at $254 at the moment of writing this. Unbeknownst to many, DASH is one of the best privacy coins out there.
Ox (ZRX) is still basking in the news of Coinbase exploring adding the digital asset to its platform. ZRX is currently trading at $1.17 and up 6.69% in the last 24 hours.
The most impressive coin amongst the four, is Bitcoin Diamond (BCD) that is up 55.41% in the last 24 hours and currently trading at $3.46. The reason for this impressive rise of BCD is yet to be determined but the coin has been prone to numerous spikes this past month.
In conclusion, it is safe to say that BTC is going to be stable into the new week. This then means that alt-coins might have impressive gains of their own in the next 7 days as can be seen with the four that we have just highlighted above.
Disclaimer: This article is not meant to give financial advice. It is an opinion piece. The opinion herein should be taken as is. Please carry out your own research before investing in any of the numerous cryptocurrencies available.