Today’s best performing cryptocurrency was Ethereum Classic, soaring 21.38 percent. Other cryptocurrencies which performed well were Revain, ZClassic and ChainLink.
The cryptocurrency market was all red today as all coins lost market cap, including U.CASH, SmartCash, and Bitcoin Gold being top losers. Today’s best performers were Ethereum Classic, Revain, ZClassic and ChainLink (as per coinmarketcap).
Ethereum Classic, Revain, ZClassic and ChainLink were up by 21, 19, 18 and 10 percent so far today.
Ethereum Classic Price Analysis
Ethereum Classic price surged today and moved up by more than 21 percent. It traded with Day’s high at $33.60 level before retreating to $32.24.
Today, trading started with the level of $24.31. Later, the price gained upside momentum and is currently trading at $32.24.
Revain Price Analysis
Revain price again gained heavy upside momentum and traded above $3.50. Revain is up by more than 18 percent and it seems like the price could trade past $4.00.
After day’s high it lost some momentum and touched $2.95 mark, the price may attempt to test the all-important $4.00 level.
ZClassic Price Analysis
ZClassic price was up by around 17.33 percent against the US Dollar to $121.75. ZClassic was the third best performing cryptocurrency today and it looks like it could move above $130.00 in the near term.
ZClassic in past 7 days surged from the $63.43 mark and touched $120.00 mark. Therefore past 7 days movement suggest an upside momentum, and a break above this would be easy.
ChainLink Price Analysis
The fourth best performer for the day so far is ChainLink. LINK price moved up by around 10.8 percent and traded at $0.51. It seems like the $0.29 was a crucial buy zone.
On the upside, the price faces a major barrier near the $0.55 level. Above the mentioned $0.55, the price could easily move above the $0.65 level.
Today came another bad news for cryptocurrency world, Citi Bank India Bans Cryptocurrency, Bitcoin purchases made via credit or debit cards. This is part of the bank’s global initiative and has become the first mover in India. Other Indian Banks may soon join the league!