Altcoins to watch as crypto market signals bullish momentum
/ of 30 sources
Tezos (XTZ), Cardano (ADA) and Chainlink (LINK) are surging over 5% today, as major Altcoins flash green.
The Altcoin market has been in Bitcoin’s shadow for much of May following the top cryptocurrency’s halving and attempts to breach $10k being the focal points for the entire cryptocurrency market.
Tezos, Cardano, and Chainlink, however, have seen big moves over the same period and are now sitting atop the market as the big gainers among Altcoins.
As of press time, Chainlink has gained over 6.5% in the past 24 hours, seeing its value climb to $4.09 bringing its weekly gains to 12%. Current levels put the Altcoin over 150% up from its year-to-date price. The crypto’s upside has seen it climb into 12th position, with a market cap now worth over $1.41 billion. Over $421 million worth of LINK tokens have been traded in the last 24 hours.
Tezos has also posted significant gains since yesterday, surging by over 6.1%; seeing its value touch a high of $2.85 against the USD.
The cryptocurrency has now spiked over 12% on weekly charts and is up over 30% in the past month. With a market cap of $2.01 billion, over $125 million worth of the token has been traded in one day, with the strong performance potentially coming off the back of Bitcoin Suisse adding the coin for staking.
Tezos is also surging at a time when French startup, Digycode, has partnered with over 10,000 stores in the country to promote the purchase of the tokens via gift cards and prepaid vouchers.
Cardano has also seen gains, spiking by 6.08%, with much of the day seeing it trade at price levels above $0.0578. In weekly charts, Cardano has gained over 11.8%, with a market cap of $1.48 which now makes it the 11th largest cryptocurrency.
XRP has also picked up momentum after spending the better part of the day in the red. It has now added 1.39% to its value, with weekly gains at just over 3%.
Ethereum is up 1.2%, trading at $213 at press time, whereas Bitcoin is still looking to breach $9,800 with a late surge as markets open in the US.
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