Cypher
(BTC) Bitcoin News TodayAltcoinCryptocurrencyEthereum (ETH)NewsPrice Analysis

Here Are Top Three Cryptocurrencies To Keep An Eye On This Week

When individuals ponder the term cryptocurrency, they might usually think of Bitcoin or Ethereum. This would make sense after all, as these are the two biggest cryptocurrencies in the world today, both in terms of price and market capitalization. As of the time of this writing, the prices for BTC and ETH are approximately $58,359 and $2,106, respectively.

However, while both Bitcoin and Ethereum certainly remain popular choices (ETH’s price, in particular, has skyrocketed as of late) and many individuals continue to regard them as the quintessential cryptocurrencies, these are, however, not the only options available to investors, and this article will therefore detail some of the available alternatives and the ones to look out for this week.

BNB

BNB (Binance Coin) has enjoyed a considerable amount of success as of late. It had managed to reach an all-time high on April 2nd before dropping down to $349. This would also seem to suggest the idea that bears had attempted to confine the bulls who were being aggressive.

Nevertheless, these bulls had ensured that the price would not break beneath the support amount of $315. This is beneficial to Binance as it shows the bulls to be accumulating on each minor dip and do not appear to be awaiting the arrival of any deeper correction before buying. If the price can be thrust upward via the bulls, then it might even go as high as $430.

Cypher

DOT

Polkadot had managed to go above the previous downtrend line, also on the 2nd of April. Through this, DOT managed to reach an all-time high of $46.8 the very next day. This did, however, also result in profit booking as had been observed on the candlestick for that day.

📰 Also read:  NFT Pricing Strategy Guide – How To Determine NFT Prices

The bears nevertheless could not manage to do anything further with the advantage granted to them. This was due to the bulls going ahead and buying at lower levels, thus culminating in the price going back to just over $42. Still, if the bulls manage to succeed in driving the price to over $46.8, then DOT could resume its uptrend and rally to its target of $53.5. 

EOS

Currently ranked at #23 on the top cryptocurrencies in the world, EOS had shattered the overhead resistance mark of $5.6 and then subsequently closed on April 2nd at the $6.25 mark, which was also its all-time high close since the end of June 2019.

📰 Also read:  Bitcoin Surges Past Silver, Claiming the Eighth Largest Asset Title

This displays the success that EOS has been experiencing amongst investors as of late, despite the fact that bears had decreased the price to beneath the $5.6 breakout level just a couple of days ago on April 3rd.


Tokenhell produces content exposure for over 5,000 crypto companies and you can be one of them too! Contact at info@tokenhell.com if you have any questions. Cryptocurrencies are highly volatile, conduct your own research before making any investment decisions. Some of the posts on this website are guest posts or paid posts that are not written by Tokenhell authors (namely Crypto Cable , Sponsored Articles and Press Release content) and the views expressed in these types of posts do not reflect the views of this website. Tokenhell is not responsible for the content, accuracy, quality, advertising, products or any other content or banners (ad space) posted on the site. Read full terms and conditions / disclaimer.

📰 Also read:  Bitcoin Surges Past Silver, Claiming the Eighth Largest Asset Title

Cypher

Mubashar Nawaz (United Arab Emirates)

Mubashar Nawaz is an experienced crypto writer working for Tokenhell. Having passion for writing, he covers news articles from blockchain to cryptocurrency.

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Skip to content