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Bitcoin’s surge promises differing fortunes for Chainlink, Hedera Hashgraph, MCO

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Bitcoin’s surge on 3 April had a significant impact on the rest of the crypto-market, especially the altcoin market. However, while the impact was significant, it wasn’t uniform as while alts such as Chainlink and MCO noted a rise in price, Hedera Hashgraph continued to tread bearish waters.

Chainlink [LINK]

Source: LINK/USD on Trading View

Chainlink, ranked 15th on CoinMarketCap’s charts, noted a price surge of 1.14% over the past 24-hours. While the coin was reporting a 24-hour trading volume of $280.69 million, the market cap stood at $811.45 million. After yesterday’s surge, Link’s YTD returns were recorded to be 32.43%, with the market reporting strong bullish momentum.

This was confirmed by the Bollinger Bands, which after a period of great volatility, had converged and confirmed the LINK market of being less volatile. The moving average also lay under the candlesticks, noting that the bulls had arrived. In fact, until yesterday, LINK was returning higher against Bitcoin.

Hedera Hashgraph [HBAR]

Source: HBAR/USD on Trading View

Hedera Hashgraph was returning 238.11% since the beginning of 2020, and yesterday’s pump just added to the same. The coin was being traded at $0.0339, at press time, with a market cap of $130.68 million. Its 24-hour volume was worth $11.81 million.

However, despite the boost in the market on 2 April, the HBAR market had turned bearish after the MACD indicator highlighted the crossing over of the MACD line and the signal line.

Recently, Hedera saw its integration with the Nano S and X wallet from Ledger, a hardware wallet.


Source: MCO/USD on Trading View

With a market cap of $77.88 million, MCO was ranked 55th on the CMC list. The coin gained by 1.60% over the past 24-hours and was valued at $4.93, with a 24-hour trading volume of $45.32 million, at the time of writing.

The coin has been in a bullish phase for quite some time, however. This was also implied by the Awesome Oscillator after it noted rising bullish momentum in the market. The resistance of the coin was at $5.02, a level that was closer to its trading price, while the support was at $3.70.


Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.
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