At press time, the cryptocurrency market isn’t exactly in the most promising state. It has become a rather difficult struggle for most tokens to even attain gains of 1%. The few others that have moved up by up 2% seem to have stabilized.
Meanwhile, BCH, LTC, and BNB have shown themselves to be the anomaly, as they have now carefully taken a bullish route. With gains of 4.84%, 3.46%, and 3.97% respectively, these tokens are likely to round up with an increased trading volume, with a possibility of a breakout in trading price as well.
Bitcoin Cash (BCH)
BCH has seen one of the most dramatic events in the past 24hrs. With a pump in trading price, one that moved the token from $116.55 to $122.00, at which time BCH overpowered its long term rival EOS to become the fourth largest cryptocurrency by market capitalization.
At press time, EOS has now retained the fourth spot with gains of $3.45%, while BCH, despite having plunged slightly is still geared towards an upswing. The battle of the fittest is still very intense between BCH and EOS. With EOS grossing $2.19 billion against BCH whose market cap is currently totaled at $2.14 billion, traders should expect yet another clash between these tokens.
Like BCH against EOS, Litecoin has positioned itself for a bullish takeover. At this rate, any slight deflation from BCH poses as a great opportunity for LTC to build its momentum. Yesterday, LTC’s market cap was seated at $2.07 billion. As of this writing, that price has added $1 to its value, moving it up to $2.08 billion. The trading price which had closed at $34.39 yesterday, is now increased to $34.46.
Binance Coin (BNB)
BNB’s movement since the year began, has been one of the most impressive. After a rough start with Dash, which had previously dethroned the BNB, the token did not only proceed to skyrocket to the 12th position, BNB is now two spots ahead of Dash.
More interestingly, BNB, currently with gains of 3.87% is likely to break out of a $7 trading price. Yesterday, the token went up by $6.89, while it has made a slight downturn to $6.87, the token has a 90% chance of breaking out to $7.00 if it maintains stability throughout the next 24hrs.