The Future Coin

Bitcoin

$47,617.98

BTC 6.28%

Ethereum

$1,517.58

ETH 11.63%

XRP

$0.43

XRP 3.88%

Litecoin

$170.08

LTC 5.53%

EOS

$3.57

EOS 3.36%

  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases
No Result
View All Result
The Future Coin
No Result
View All Result
Home Altcoin News

Bitcoin Cash, Monero, Cosmos: Price Analysis

by The Future Coin
May 29, 2020
in Altcoin News
0
Bitcoin Cash, Monero, Cosmos: Price Analysis
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Following a brief foray under the $9000-mark, Bitcoin, the market’s premier cryptocurrency, was trading back under the $9,500, with the king coin consolidating its position before attempting to cross the $10k mark again. And while it did so, altcoins thanks to their high correlation indices, were quick to profit, with many including alts like Monero and Cosmos and the fork Bitcoin Cash posting significant gains.

Bitcoin Cash [BCH]

Source: BCH/USD on TradingView

The popular fork coin Bitcoin Cash is one of the market’s few altcoins to not have recovered its losses from Black Thursday yet. Thanks to the sideways movement that has persisted since mid-April, BCH has been unable to register any significant uptrends on its chart. However, its charts have been punctuated by brief hikes, with the latest one just another example of the same. Over the past 7 days, BCH was recorded to have climbed by over 6%, with the value of BCH observed to be $236.48.

Market indicators such as the Parabolic SAR suggested that despite the latest price hike, the market was bearish, with its dotted markers found to be above the price candles. Further, the Relative Strength Index continued to mediate between the overbought and oversold zones.

While apart from a recent upgrade, there aren’t a lot of Bitcoin Cash developments to speak of, BCH was in the news a few days ago after a popular analyst, citing the significant drop in hash rate, expressed his surprise at BCH not having been attacked yet.

Monero [XMR]

Source: XMR/USD on TradingView

Monero, the market’s leading privacy coin, has garnered a lot of currency lately, largely owing to the fact that like Monero, other cryptos such as Bitcoin and Litecoin are also planning on integrating some privacy features. There are other concerns too, such as some community members declaring that Bitcoin’s reducing decentralization might help push the adoption of Monero. It’s a tricky time actually for Monero, as while many expect adoption to rise, its notoriety is rising too.

On the price front, Monero, like Bitcoin Cash, climbed on the charts with XMR recording a gain of almost 10% in a week. The present hike continued to extend the crypto’s uptrend that has steadily grown since the market crash in March.

While the Bollinger Bands suggested that volatility may not be a thing in the near-term, the Chaikin Money Flow did see a minor uptick on the charts.

Cosmos [ATOM]

Source: ATOM/USD on TradingView

Cosmos, the 25th ranked cryptocurrency on CoinMarketCap, has risen on the charts over the past few months, with its 24-hour trading volume dwarfing the likes of IOTA and Monero, both higher-placed cryptocurrencies. Like most of the altcoins in the market, ATOM’s value rose significantly over the past week as Bitcoin surged, with its price climbing by over 6% in just a week.

While the Awesome Oscillator highlighted a lack of momentum in the market, the MACD line was just over the signal line on the charts.



Source link

EDITOR’S CHOICE

Global Crypto Investment Fund FD7 Ventures to Sell $750M USD Worth of Bitcoin to Increase Cardano and Polkadot Holdings

Coinbase Files for Direct Public Listing With SEC - Cryptocurrency Regulation

Tanla to take Blockchain platform Trubloq abroad

From mail-in ballots to business as usual, Vermont municipalities prepare for Town Meeting

CI files prospectus for Ethereum ETF - Advisor.ca

Crypto bull run on track amid surge in US inflation expectations

Best Pick For You

News

  • Altcoin News
  • Bitcoin News
  • Blockchain News
  • Business News
  • Ethereum News
  • Litecoin News
  • Ripple News

Features

  • Market Analysis
  • Opinion
  • Explained
  • Policy & Regulations
  • Top Cryptocurrencies
  • Technology News

Market Tools

  • Market News
  • Price Indexes
  • Bitcoin Price Index
  • Ethereum Price Index
  • Bitcoin Cash Price Index
  • Litecoin Price Index
  • Monero Price Index
  • HeatmapPartner

Cryptopedia

  • Explained
  • Bitcoin101
  • Bitcoin Cash101
  • Ethereum101
  • ICO101
  • Ripple101

© 2020 Coingraph

No Result
View All Result
  • News
    • Bitcoin News
    • Ethereum News
    • Ripple News
    • Litecoin News
    • Altcoin News
    • Blockchain News
    • Business News
    • Technology News
    • Policy & Regulations
  • Markets
    • Market News
    • Market Analysis
    • Price Indexes
    • Top Cryptocurrencies
    • Heatmap
  • Opinion
  • Cryptopedia
    • Explained
    • Bitcoin101
    • Ethereum101
    • Bitcoin Cash101
    • ICO101
    • Ripple101
  • Press Releases

© 2020 Coingraph

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
bitcoin
Bitcoin (BTC) $ 47,787.00
ethereum
Ethereum (ETH) $ 1,520.85
cardano
Cardano (ADA) $ 1.27
binance-coin
Binance Coin (BNB) $ 253.16
tether
Tether (USDT) $ 1.00
polkadot
Polkadot (DOT) $ 35.05
xrp
XRP (XRP) $ 0.433074
litecoin
Litecoin (LTC) $ 170.83
chainlink
Chainlink (LINK) $ 26.51
stellar
Stellar (XLM) $ 0.416222
usd-coin
USD Coin (USDC) $ 0.999472
bitcoin-cash
Bitcoin Cash (BCH) $ 483.52
uniswap
Uniswap (UNI) $ 23.84
dogecoin
Dogecoin (DOGE) $ 0.050754
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 47,798.00
nem
NEM (XEM) $ 0.631964
aave
Aave (AAVE) $ 384.70
okb
OKB (OKB) $ 16.36
cosmos
Cosmos (ATOM) $ 18.41
solana
Solana (SOL) $ 14.85
monero
Monero (XMR) $ 220.08
crypto-com-chain
Crypto.com Coin (CRO) $ 0.145026
eos
EOS (EOS) $ 3.58
bitcoin-sv
Bitcoin SV (BSV) $ 181.38
iota
IOTA (MIOTA) $ 1.21
tron
TRON (TRX) $ 0.046618
theta-token
Theta Network (THETA) $ 3.25
havven
Synthetix Network Token (SNX) $ 19.86
vechain
VeChain (VET) $ 0.043006
tezos
Tezos (XTZ) $ 3.58
huobi-token
Huobi Token (HT) $ 14.20
neo
NEO (NEO) $ 37.73
ftx-token
FTX Token (FTT) $ 28.27
binance-usd
Binance USD (BUSD) $ 1.00
terra-luna
Terra (LUNA) $ 6.12
cdai
cDAI (CDAI) $ 0.021151
dai
Dai (DAI) $ 1.00
elrond-erd-2
Elrond (EGLD) $ 138.28
sushi
Sushi (SUSHI) $ 16.96
dash
Dash (DASH) $ 213.18
the-graph
The Graph (GRT) $ 1.73
filecoin
Filecoin (FIL) $ 36.96
avalanche-2
Avalanche (AVAX) $ 26.47
maker
Maker (MKR) $ 2,239.04
kusama
Kusama (KSM) $ 221.82
compound-governance-token
Compound (COMP) $ 436.30
leo-token
LEO Token (LEO) $ 1.97
celsius-degree-token
Celsius Network (CEL) $ 4.93
compound-usd-coin
cUSDC (CUSDC) $ 0.021657
decred
Decred (DCR) $ 141.45