Cardano (ADA) Looking Too Good While Dash, Monero, & Tezos Exiting Accumulation Zones
While Bitcoin is resting, altcoins are raking in some good gains. At the time of writing, leading cryptocurrency is stuck at $4k while Tron is up by 5.44 percent and Bitcoin Cash is rising by nearly 5 percent in the past 24-hours.
Today’s top gainers are Repo and Maximine Coin with 19 and 15 percent gains. However, with 12 percent loss, ABBC Coin is the biggest loser followed by Ontology and Theta with more than 4 percent in red.
What's in your Bags?
With altcoins seeing a handsome increase in price, which coins makes a smart investment right now?
It goes without saying that cryptocurrencies are risky business as they register substantial gains and losses in a really short period of time. But in the current market where top cryptos like Bitcoin, Ethereum, and XRP are not seeing much action, there are some cryptocurrencies that makes the best sense to put money in.
“Alt runs are continuing, so now is the time to ask and answer one simple question: What's in my bags?” said StartaleTV.
These cryptos as the crypto trader and investor, Josh Rager puts it are the ones that have been accumulating i.e. “sitting at support” level and have “ascending volume” that means a breakout is in order for them.
-find coins that have been accumulating
-sitting at support
– & ascending volume
We'll see if $MFT takes off soon, it's been accumulating, at support, has some upcoming news
I don't have a bag but would love to see it rip up for you all
— Josh Rager 📈 (@Josh_Rager) March 23, 2019
$DASH, $XMR, $ADA and $XTZ are all exiting their accumulation zones and beginning bullish trends. Meanwhile $ETH hasn't budged. I wonder how $ETH will hold up this time around as the focus shifts to 3rd gen blockchains.
— Beastlorion (@Beastlyorion) March 20, 2019
Ethereum is trading at $137.39 with 24-hours loss of 0.67 percent. According to the crypto trader, Hsaka, the next target for ETH is $139.
Stopped and flipped long at 137.05
Targeting 139. pic.twitter.com/SPQJXLyNEE
— Hsaka (@HsakaTrades) March 23, 2019
For the past few days, Cardano (ADA) has been rocking notable gains. After releasing its version 1.5 on mainnet which has been a major milestone in moving towards Shelley era, ADA shoots up in price and today even briefly overtook Tron at 10th place.
At the time of writing, ADA has been sitting at $0.0589 with 24-hours gains of 1.15 percent. In a fortnight, Cardano ADA price surged 43 percent as it went from $0.0426 to today’s highest point at $0.0610. “ADA looks so good it’s suspicious,” exclaimed crypto trader Moon Overlord.
— moon (@MoonOverlord) March 23, 2019
According to Credible Crypto, the first target has been achieved by ADA and the next one is at $0.07697.
Target 1 hit :) Not a bad place to take some partial profits. May or may not get a pullback here before going for Target 2. pic.twitter.com/vvxUnJsg9R
— Credible Crypto (@CredibleCrypto) March 23, 2019
As fro the the other coins, Monero (XMR) started this year at $46 and reached the highest point at $56 a few days back and is currently sitting at $53.52.
As for Dash, from $80 at the beginning of this year, it climbed to $95 early this week and is now sitting at $91.58. At nearly $0.463 in January beginning to yesterday's $0.828, Tezos (XTZ) has surged 78 percent and is currently at $0.752.