Cryptocurrency Rating: The Best Top-Performers Of The Last Week
The spread of coronavirus provoked an increase of panic and a strong intensification of trade in the cryptocurrency market. As a result of the pressure, the cryptocurrency market capitalization suffered losses of more than $90 billion. In such circumstances, traders can only rely on the early Bitcoin bull run.
Now all classes of assets, including digital ones, are being intensively sold. We can observe a liquidity crisis even among traditional assets. If earlier Bitcoin was considered one of the safe havens in the event of a market fall, now these beliefs are collapsing.
If we go back to the times of the previous economic crisis, we can reveal a certain pattern. At that time, investors also actively “dumped” gold. But soon gold regained its position and those investors who did not sell it under the influence of general excitement received good dividends. Morgan Creek Digital co-founder Anthony Pompliano notes that this situation can happen with Bitcoin. Investors who are now storing digital currencies will benefit greatly after a while.
In a pandemic, there is a high probability that the fluctuation of the course will continue and it is not known when the situation will stabilize. Many experts note that volatility can be used to their advantage. This is a good time to buy digital currency for the long term. We have compiled a rating of digital pairs that have become the best performers in the last 7 days.
LEO / USD
UNUS SED LEO not only stood against the backdrop of a general fall in cryptocurrency but also entered the top ten digital assets in terms of market capitalization. Over the past 7 days, more than 15 million LEO tokens have been burned.
The LEO / USD pair remains the most stable in the cryptocurrency market. Trading held at $ 0.9081–1.04.
Now there are two options for the further development of events. The trading range may fall below $ 0.80512 or vice versa increases the price above $ 1.04. Thus, experts note that the LEO / USD pair does not lend itself to a general decadent mood and has every chance of gaining momentum soon.
XLM / USD
XLM ranks second in market performance over the past 7 days. A recent drop of 31% did not affect sales.
The trading range of the XLM / USD pair was $ 0.088708- 0.042133. This week we witnessed how the pair broke through at least
0.026063 dollars. But experts recommend not making hasty conclusions: this may be a bearish indicator and the pair will soon not only stabilize but will also go up. There are suggestions that XLM / USD has a chance to rise above $ 0.088708.
ETC / USD
Ethereum Classic (ETC) has successfully entered the top three performers in the last 7 days. Although this digital currency also experienced a decline of 32%.
The trading range of the ETC / USD pair was $ 14–3.40 for a year and a half. But current circumstances have also affected the ETC rate. A new low was set at $ 3.08378. But even in this situation, there are positive trends: after falling down, trade has intensified. This suggests that traders are interested in buying this asset.
Experts recommend paying attention to this pair if the price rises above $ 4.0. Some traders are not so optimistic. They believe that if the price falls below $ 3.08378, the ETC will not be able to withstand and it is expected to fall further.
XRP / USD
XRP takes 4th place among the best performers in the cryptocurrency market. Digital currency has fallen by about 34%.
The lower border of the pair XRP / USD last week was at a critical level of $ 0.17468. This provoked an increase of the trade. Fluctuations have led the pair to fall to a new low, which now stands at $ 0.114. Traders are not sure that the price has stabilized, there is a high probability that the rate will break below 0.14 dollars. Nevertheless, this situation indicates that there is a demand for assets at low levels.
HT / USD
Concludes the top five performers of Huobi Token (HT). Over the past 7 days, it has fallen by 34%.
The pair HT / USD broke through the lower support line, but at the same time shows high demand among traders. There is an assumption that if the price rises above $3, then a breakthrough is expected above $ 5.3506.
Binaryx is a superfast, reliable and easy-to-use crypto trading platform. Sign up today to get started http://binaryx.com
