Crypto-Market Top Weekly Performers: EOS, Monero, Huobi Token, LEO, Bitcoin Cash


This week Bitcoin’s price primarily hovered around the $10,000 mark. It seemed like a tug of war between bulls and the bears with $10,000 in between. While the first half went to the bulls, the bears started to strengthen their hold and now are in control.

Nevertheless, this week probably witnessed the beginning of an altseason. This was the first week since Q2 of 2019 when altcoins recorded significant gains over Bitcoin. The dominance of Bitcoin also fell to 64.4%.

btcusd
BTC/USD 1-Day Chart on Bitstamp (TradingView)
EOS
EOS was one of the best performing cryptocurrencies during the week. At the beginning of the week, it gained more than 10% on BTC. Moreover, it held its gain looking for further upside. However, Bitcoin [BTC] bearish pressures seem to have affected alt traders as well.

eosusd
EOS/USD 1-Day Chart on Binance (TradingView)
Opening Price: $4.33

Closing Price: $4.22

Weekly Loss: 2.3%

Weekly High/Low: $4.8/$3.8

Monero
Monero has been one of the more stable tokens this week. While there were multiple days during the week with a negative close, these candlesticks represent spinning tops and dojis. Hence, the price has continued to hover around $80.

xmrusd
XMR/USD 1-Day Chart on Binance (TradingView)
Opening Price: $84.5

Closing Price: $79.5

Weekly Loss: 5.9%

Weekly High/Low: $87/$75

Bitcoin Cash [BCH]
While most altcoins have taken about double-digit gains during the week. Nevertheless, BCH has lost comparatively less in value than others. Currently, $300 is building as a support level for the cryptocurrency.

bchusd
BCH/USD 1-Day Chart on Bitstamp (TradingView)
Opening Price: $321

Closing Price: $304

Weekly Loss: 5.2%

Weekly High/Low: $326/$282

Huobi Token
The Exchange backed tokens Huobi and LEO have both performed well this week. While the other utility coins have been uncertain about their direction, the exchanges have continued to benefit from the rising interest in cryptocurrencies.

Huobi Token [HT] rose by almost 6% 22nd July. It has corrected almost 50% from the gains and it looking to find support here.

Opening Price: $4.39

Closing Price: $4.55

Weekly Gains: 3.6%

Weekly High/Low: $4.9/$4.3

LEO Token
Another exchange backed token, LEO also looked to maintain its stability during the week. Bitfinex has been under a lot of attacks lately from the NY Attorney General and even media sources.

leousd
LEO/USD 1-Day Chart on Bitfinex (TradingView)
Opening Price: $1.27

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Closing Price: $1.346

Weekly Gains: 5.5%

Weekly High/Low: $1.34/$1.25


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28.07.2019 21:35
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