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Crypto-Market Update: Altcoins BCH, XMR, LTC Consolidates as BAT Token, Enjin and Tezos Lead Weekly Gains

crypto-market-update-altcoins-bch-xmr-ltc-consolidates-as-bat-token-enjin-and-tezos-lead-weekly-gains

Bitcoin broke the weekly high to trade above $5300 on 20th April 20, 2019. Most of the traders still feel that Bitcoin (BTC) is in a ‘no-trade’ zone as the price continues to hover $5200 market. However, it is acting as strong support.

The total market capitalization of the cryptocurrency markets is $181.347 billion. Bitcoin’s dominance fell back to 51.9% as the altcoin make a comeback; Bitcoin’s dominance was 54% at the beginning of the week.

BTC/USD 7-Day Chart on Coinbase (TradingView)

Litecoin [LTC] and Bitcoin Cash [BCH]

Bitcoin [BCH] also gained considerable over the week and most of it can be attributed to #WeAreHoldonaut and #DelistBSV which favored Bitcoin Cash (BCH).

BCHUSD
BCH/USD 1-Day chart on Coinbase (TradingView)

The price of bitcoin Cash (BCH) at 3: 00 Hours UTC on 20th April 2019 is $307.75. It is trading about 10% higher on a weekly scale.

Litecoin (LTC) traded in a small range around $80 dollars. It has gained considerably in the past last quarter. The price of LTC at 4: 00 Hours UTC on 20th April 2019 is $82.2. It is trading about 4.1% higher on a weekly scale.

Binance (BNB) Coin Continues to Lead the Race

Binance (BNB) coin has reached it’s All-Time High mark and is facing resistance to breaking past it. The price of BNB at 2: 30 Hours on 20th April 2019 is $24.27. It is trading 12.84% higher on a daily scale.

BNBUSD
BNB/USD 1-Day chart on TradingView

Monero (XMR) Completes 5 years

Monero celebrated its fifth anniversary on 19th April 2019. The lead developer of the coin mentioned the ‘apparent hate’ that Monero received due to its drive for privacy. However, with added fungibility, Monero is actually the closest to the traditional monetary system of hand-to-hand cash transactions.

The price of Monero at 3: 30 Hours UTC on 20th April is $69.84. It is trading 2.78% higher on a daily scale and over 5% higher on a weekly scale.

Most of the other top altcoins including Ethereum, XRP, and DASH seem to be in the consolidation phase as they traded in the green with over 1.5% gain over the week.

BAT, Tezos and Holo token Gained 30% Over the Week

Basic Attention Token (BAT) also gained another leg up as it registered a 40-week high. The BAT token at 3: 20 Hours on 20 April 2019 is $0.388.

BATUSD
BAT/USD 1-Week Chart on Bitfinex (TradingView)

However, it was third the best performing coin the top fifty as cryptocurrency associated with Samsung, Enjin Coin (ENJ) gained 40% in the past week. The price of ENJ at 3:40 Hours UTC on 20th April is $0.20.

Tezos (XTZ) held on to its gains above $1.35, gaining over 170% since the beginning of the year. It gained 42% over the week as it consolidated back strongly above the $1 mark.

Some of the other tokens which gained over the week were Holo chain and Tezos. Holo Chain also gained about 18% on a weekly scale. The price of Holo at 3:45 Hours UTC on 20th April is $0.00143.

Do you think that altcoins will continue to gain in the new ‘tokenized’ ecosystem or Bitcoin (BTC)’s volatility will still affect the entire cryptocurrency market? Please share your views with us. 

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