The year 2019 hasn’t been off to a good start for most cryptocurrencies, assets, and tokens. Despite the overwhelming negative pressure, it appears a fair few top coins have still noted solid gains across the board. That in itself is remarkable for many different reasons. As is always the case, it remains unclear how long this momentum can effectively be sustained.
The big story of the past week has been how the Holo price continues to evolve. Although there is genuine excitement regarding this coin, it seems the massive bullish momentum is coming to an end. Following a 5.15% drop in the past few hours, its weekly gain has dropped to “just’ 87.82%. Its daily trading volume of over $18m remains very impressive, for now. Resuming the uptrend may prove to be quite challenging.
Pundi X (NPXS)
Although the future of Pundi X is anything but guaranteed, a lot of people are eager to trade it. This has become apparent once again over the past seven days. Following a 30.89% increase, NPXS is now valued at $0.000612 or a market cap of just over $102m. A very impressive trend that seems to follow Holo’s momentum first and foremost. Sustaining it may prove challenging, following today’s 8% drop in value.
Most of the MobileGo gains stem forth from very bullish momentum over the past 24 hours. During that period, MGO gained 26.33%. This puts the total gain for the past 7 days at 22.56%, as the altcoin initially followed Bitcoin’s downtrend. Its overall trading volume is also picking up steam now that the market cap has surpassed $30m again. There is some minor bearish pressure to contend with right now, though, albeit nothing overly problematic just yet.
It has been a while since Vertcoin was actively discussed among traders. Despite this seeming lack of attention, its market cap is still going strong. Currently valued at $13,425,568, VTC has noted a strong 20% gain over the past 7 days. It appears that bullish trend will be resumed as of today, although the momentum can easily turn on this currency as well.
Another project going strong all week long comes in the form of Waves. Over the past seven days, its value has risen by 15.96% despite the growing bearish pressure. This also means Waves now has a market cap of over $291m and successfully entered the cryptocurrency market cap top 20 once again. So far, it seems the uptrend will resume, although nothing is ever set in stone in this volatile industry.
iExec RLC (RLC)
Despite a successful initial coin offering, it seems iExec RLC isn’t getting that much attention these days. That also makes it a potential target for price pumps, such as the one going on right now. Although a weekly gain of 15.96% is impressive, the daily trading volume of $500,000 or less is a bit worrisome. At this time, iExec RLC has a total market cap of $16,644,579, yet it seems that figure may continue to increase over the coming days.
Disclaimer: This is not trading or investment advice. The above article is for entertainment and education purposes only. Please do your own research before purchasing or investing into any cryptocurrency.