Bitcoin looks stable after a major correction from its all-time high, and we seem to be maintaining a long-term trend above the $ 1000 price level. The Altcoins market is responding to it with last two craziest weeks of huge gains among almost all of the coins. We’ve even seen Altcoins with more than 1000% daily rise. Unlike past Altcoins pumps, the high volume tells us about new money entering the crypto market.
BTC Graph:
BTC vs. Altcoins market capacity:
Ripple XRP: Among the rising altcoins, Ripple had a very sharp bounce and had broken all resistance levels in recent days. It is currently at the highest level of the past two years. The main reason for the recent rise is the adoption of Ripple’s technology by the Japanese Banking Consortium.
DASH: Our favorite coin, which had risen 500% since the beginning of 2017, had begun to show signs of correction, losing almost half of its all-time high market value. The significant support at the moment is around 0.06 BTC level. It might get a bounce play from here. This is a classic example why not to buy during FOMO pump. More trading tips can be read here.
BTS Bitshares: A long-term graph from 2015 is attached below, showing the negative trend in BTS coin. BTS also benefited from the pumped altcoins trend, and at the moment the price is around 0.000006 BTC. The next resistance is around 0.000014 level. Watch out closely.
Augor REP: The betting platform, which consistently got our attention in previous reviews, broke the mythological resistance level at 0.01, with a huge 30% rise right after breakout. Next resistance lays around 0.013 area, where it reached yesterday. As long as it stays above 0.01 the trend is positive.
Zcash Classic ZCL: ZClassic was our hot recommendation by us at 0.0007 level by us in our last review, just broke the resistance level at 0.0025 (more than 400% gain!), Zclassic looks very positive. Since its low level of around 0.0003 about two months ago, it ran up 10 times its value!
