The broader cryptocurrency markets have largely traded sideways ter the very first week of April, but a few trascendente exceptions did manage to buck the trend.
Spil of writing, the total market capitalization of cryptocurrencies is seen at $248 billion – only slightly down from the $251 billion seen on March 30.
Bitcoin wasgoed displaying signs of bullishness te the very first half of the week, rising spil high spil $7,500, according to CoinDesk’s Bitcoin Price Index. However, the ease rally wasgoed short-lived and prices fell back below the $7,000 mark on April Four. Presently, the cryptocurrency is trading around $6,620 – down Trio.8 procent compared to last Friday’s close (spil vanaf UTC) of $6,890.
Other major names like litecoin, ethereum’s ether, Ripple’s XRP and bitcoin contant mimicked bitcoin’s disappointing price activity.
However, puny caps like brink’s XVG token, binance coin and OmiseGo’s OMG token waterput on a good demonstrate to rank high on the list of gainers among top 25 cryptocurrencies by market cap. Meantime, names like ICON, IOTA and bitcoin gold (BTG) took something of a hitting.
Weekly top gainers
Weekly spectacle: +50 procent
Closing price on March 30: $0.035945
Current market price: $ 0.054068
Rank spil vanaf market capitalization: 22
Despite the 29 procent pullback from the weekly high of $0.076482, brink’s XVG token is reporting 50 procent gains on a weekly fundament.
The token found bids last Friday, reportedly due to a successful crowdfunding campaign. The cryptocurrency then rose 66 procent on Tuesday on speculation the developers have entered into a partnership with a major retailer. However, the bull run ran out of steam on Wednesday after brink wasgoed kasstuk by a hack.
Still, XVG looks set for a bullish stir, spil vanaf the technical chart analysis. And with the developers set to expose details of the rumored partnership on April 17, the token may remain well bid.
Weekly vertoning: +17.97 procent
Closing price on March 30: $Ten.35
Rank spil vanaf market capitalization: 16
Having defended the long-term ascending trendline (drawn from the Sept. 15 low and Nov. 30 low) last Friday, binance coin (BNB) turned higher overheen the weekend and leaped to $13.95 – the highest level since March 25.
The cryptocurrency had gained 28 procent te the very first quarter, possibly due to hype around the launch of “Binance Chain” – its fresh decentralized exchange.
Spil of writing, BNB is switching palms at $12.27 on Binance. The rebound from the trendline support suggests the cryptocurrency will likely clear the instantaneous resistance $15.17 (March 24 high) te the next week or two.
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Weekly spectacle: +9.17 procent
Closing price on March 30: $8.28
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Rank spil vanaf market capitalization: 20
OmiseGo (OMG) yesterday signed a memorandum of understanding (MoU) with Shinhan Card, Korea’s largest credit card company – a budge that could boost mass adoption ter Asian markets. The news has received a thumbs up from the investor community and could be the reason behind OMG’s 9 procent rise ter the week ended April 6.
The daily chart (spil vanaf Bitfinex) indicates the token has breached the descending trendline (sloping downwards from the Feb. 28 high and March 21 high) confirming a short-term bullish trend reversal. However, prices are still trading below the high of $9.80 seen on April Trio.
Weekly top losers
Weekly voorstelling: -17.98 procent
Closing price on March 30: $Two.28
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Rank spil vanaf market capitalization: 23
ICON’s ICX token tops the list of losers for the 2nd week. The token fell to a five-day low of $1.82 on Binance, having clocked a high of $Two.43 earlier this week. Investors seem to have taken heart from the fact that Chainsign, a blockchain-based contract verhoging developed by theloop (an ICON fucking partner) and Cyberdigm, wasgoed used spil a podium for the digital signing of an agreement with Seoul Fintech Laboratorium.
That said, the cryptocurrency may make it to the list of losers next week, spil the daily relative strength index and short-term moving promedio studies are aligned ter protección of the bears.
Weekly spectacle: -15.02 procent
Closing price on March 30: $1.11
Current market price: $0.943277
Rank spil vanaf market capitalization: 11
The IOTA-U.S. dollar exchange rate fell below $1.00 on April 1 for the very first time since November, then glided further to $0.9150 today on Bitfinex – the lowest level since November 27.
While a few investors are cheering the news that Microsoft is set to invest $Five billion te the internet of things (an area for which IOTA is designed) overheen the next four years, the tech giant is not partnering with IOTA te any way.
The token could extend the druppel further to $0.66 (Nov. 24 low) spil prices seem to have found acceptance below support $0.94 (April 1 low).
Weekly spectacle: -11.25 procent
Closing price on March 30: $44.55
Rank spil vanaf market capitalization: 24
There is not much love lost inbetween bitcoin gold (BTG) and the crypto investor community. The cryptocurrency created via a hard fork of the bitcoin code ter mid-November fell 83 procent ter the very first quarter and extended the decline by another 11 procent ter the week ended April 6.
However, things might be looking up for BTG ter the next duo of weeks, spil the daily relative strength index shows oversold conditions.
The leader te blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a rigorous set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests te cryptocurrencies and blockchain startups.