Although the valuation of all cryptocurrencies on Monday fell by about $ 8 billion, Bitcoin remains optimistic, however, some altcoins surpassed the main cryptocurrency asset. The latest known altcoins are Tezos (XTZ), Lisk (LSK) and Binance Coin (BNB).
After the beginning of 2020, Tezos grew by 118%, and Binance Coin by 120%, then Lisk is gaining momentum by 450% this year, all 3 exceeded the main crypto-asset Bitcoin. The reasons for this impressive force require investigation.
Bitcoin has been expanding since the beginning of the year, exceeding $ 10,000 and reaching a level of $ 10,200 in a short time.
Bitcoin is again in the region of $ 9,785, with a market capitalization below $ 180 billion, as seen on Coinmarketcap.
Altcoins have lately far surpassed Bitcoins, which crypto-analysts call the “alt season.” The surge in altcoins and lagging bitcoin has led to a drop in the dominance of bitcoin from highs of about 72% to 64% in recent weeks.
XTZ / USD Bulls Breakthrough Resistance Zones, Aiming at the Level of 3.0
Tezos demonstrated remarkable momentum in the first weeks of 2020 and is expected to continue in the coming weeks.
The XTZ / USD daily chart is presently displaying a clear break past the resistance at $ 2.63 level after the $ 1.84 level rolled over as support.
Repeated testing of the $ 1.84 level may offer what could be a great opportunity to buy the altcoin, but it is very debatable whether the price will make such a deep rollback. On the off-chance Tezos is expected to keep the support level at $ 2.50, then moving towards $ 3.00 will be justified.
BNB / USD Consolidates Upward Momentum as ‘Futures’ Saves the Day
The BNB jump occurred despite larger intraday bearish sentiment in the cryptocurrency market. Thus, it seems that this step followed the launch on February 10 of BNB-related futures contracts.
Binance Coin has also recently demonstrated strength, the BNB / USD chart shows a strong upward movement, which began with a break above the level of $ 18.80. This breakthrough led to a high price level of $ 26.50. And is currently trading at $ 24.93. However, we can see the continuation of the current strong price movements.
The RSI must continue to move upward in the direction of 70 to maintain bullish interest, as the BNB is focused on breaking the $ 30 barrier.
Lisk Price Spikes 450% Within a Month
The digital asset is currently trading at $ 2.05, while the bullish trend may quite advance to $ 5.0 level. The volume of trade for Lisk at the time of writing was up to $ 54,783,743.
Its market capitalization has also grown from previous levels to $ 252,000 997 at the time of writing as per CoinMarketCap data, Lisk is ranked 35th in terms of crypto assets in the market.
Lisk is showing significant growth from $ 0.50 to $ 2.90 in just six weeks, which is why investors are puzzling and wondering about the reason for the price activity.
The price activity started with a breakthrough in a giant downtrend back towards the upside zone. Currently, many altcoins are breaking their two-year downtrend, and as soon as this happens, an uptrend shift is expected to be recorded.
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