It seems to be officially the season of altcoins as they start surging and making strong gains while Bitcoin remains sluggish, barely moving from its place at around $3,900. According to crypto traders, mid-cap altcoins are the best bet to make gains as their prices shoot up like crazy bringing in sometimes over 100 percent gains.
A few of the altcoins, however, seems to be poised for more gains. One of the coins is VeChain that is currently trading at $0.005 with 24-hours loss of 1.42 percent.
Just recently, VeChain announced its 2019 summit where BMW, DNV GL, and Ocean Ex, will be participating.
“The summit offers participants a unique opportunity to expand their networks. Participants will learn to garner the full value out of the fast-growing blockchain industry and gain information related to the latest news, products, and trends in VeChain Tech and Innovations,”
reads the announcement made by VeChain.
— Moon Overlord (@MoonOverlord) March 13, 2019
Crypto traders are seeing much fuel in VET prices and expecting it to make some major moves and register gains as Monn Overlord further quipped,
“But moon vechain has a billion dollar market cap how can it move. Because all the filthy beggars are wiped out and they have a pump it summit coming up.”
$VET Update 2
Houston, we have ignition.
Watching the daily close today. Close above the range, and targeting the first blue level. pic.twitter.com/M1fQwo9eOZ
— Hsaka (@HsakaTrades) March 12, 2019
Binance Coin (BNB)
Binance Coin, the native coin of the biggest cryptocurrency exchange Binance is making huge gains, having hit its all-time high (ATH) in the Bitcoin market. The gains have BNB shooting up past Tron, Stellar, and Tether at the 7th spot.
At the time of writing, BNB has been trading at $15.11 with 24-hours loss of 0.28 percent. Earlier this month, BNB hit a new peak against BTC while making substantial gains in the red market.
remember this when $BNB hits a new high.
don't fight the momentum in such a violently extended wave https://t.co/mlEg0o4YV5
— 🌲BenjaminBlunts🌲 (@SmartContracter) March 13, 2019
Storm (STORM) :
Market analyst and trader, Benjamin Blunts has been sharing a lot of tidbit about this cryptocurrency that recently saw the highest trading volume it ever registered despite being in the
If you spend too long waiting for the $Storm, you'll never enjoy the sunshine.
— 🌲BenjaminBlunts🌲 (@SmartContracter) March 12, 2019
Other altcoins like Litecoin has also potential as Blunts shared,
“LTC looking like its near completion. If you are in this, trail stops up and if we make one more high towards $60 take some profit off the table. It is still too early to tell whether the rise from $22 – present was corrective or impulsive, however, nothing goes up forever.”
Meanwhile, coins viz. Litecoin, Binance, Tron, and Maker are trading above the 200-day moving average, which is an ongoing calculation for an asset's closing price over a period of time that helps in finding the support and resistance level along with the asset’s trend direction.
If an asset trades above this 200-moving average, it is considered bullish and vice versa which means these four coins could have gains coming up in the near future.