XRP EOS XLM XMR ZCash Tron – Altcoins Marching Their Way On The Price ChartsOctober 10, 2019
XRP is moving ahead of the rest of the cryptocurrencies in the market in terms of providing its customers with fast and low-cost transactions. This is an efficient use than mere speculative applications for which cryptocurrencies are mostly used for.
Despite the practical use provided by the token, the price of the token has dropped, while tokens like Ethereum managed to make some decent gains. There is a widespread assumption about the cost of the XRP having a positive correlation concerning the real-world usage of cryptocurrencies.
On the other hand, the number of investors who are willing to capitalize on the volatility of the token price is increasing. Several hundred rivals to the Bitcoin with extraordinary volatility are also looking upon by investors for this purpose. XRP is now involved in participating in mainstream finance and commerce.
EOS, the Ethereum competitor in terms of the smart contract, is lagging behind several other coins. Analysts predict that the EOS might touch 0.00044. We need to see if EOS will break out beyond the first resistance area and move towards the second one.
Stellar Lumens has surpassed $0.062 target with 1.52% in gains over the past 24 hours. The medium-term outlook for XLM is bullish. Investors are considering to have a long term perspective concerning XLM.
Those who are looking to buy Cardano can buy it on Binance, HitBTC, Bittrex Exchange using the permitted payment methods in those exchanges. The Cardano team provides Daedalus, which is the only wallet in which you can store ADA. Currently, it is not possible to store Cardano on any other wallet.
Monero (XMR) is showing negative price trends with signs of little hope. The XMR/USD pair did not recover from its bearish inclination. There is strong support for XMR at $54.938 and resistance at $56.199. The market momentum for the coin is currently indecisive.
ZCash has deficient volatility levels. There are likely to be significant breakouts in the short-term on the upside. The market trends are indecisive for this token, and investors will do better by taking a long-term position with this token.
Zcash is compatible with all FATF recommendations, and it has been designed to protect consumer’s financial privacy. ZCash provides for privacy, but at the same time, does not stand in the way of the requirements of regulatory entities.
Tron is currently experiencing a price reversal, and it is trending at $0.016. Yesterday, the Tron price was at $0.017282.