Connect with us

Altcoins

Cardano, BAT join the price bandwagon as Waves decides to wave off

Biraajmaan Tamuly

Published

on

Source: Pixabay

Cardano and the Basic Attention Token kept pace with the collective digital assets market as the industry embarked on yet another minor bullish rally. On the contrary, Waves failed to register any significant change on the charts and continued on its sideways movement.

Source: ADA/USD on Trading View

14th ranked Cardano rose by 4.47 percent over the past 24-hours, with an improved market cap of $838 million. Its trading volume over the day was underwhelming, with a recorded volume of $105 million. ADA’s valuation improved from $0.00316 to $0.0329 and the token continued to mediate within a parallel channel. Further, corrections could be on the cards for the token as the RSI had begun to decline, at press time.

However, the Bollinger Bands noted convergence on the charts, highlighting reduced volatility in the market.

Many expect Cardano’s price movement to improve over the next few months, especially since IOHK’s Charles Hoskinson has come out to say that 2020 could be a major turning point for the asset with respect to development.

Source: BAT/USD on TradingView

BAT token continued on a similarly inclined trajectory as its price rose from $0.145 to $0.151. A hike of 3.62 percent was coupled with an improved market cap of $211 million. BAT recorded a decent trading volume of $74 million over the past 24-hours, but the Bollinger Bands were expanding, at the time of writing, suggesting increasing volatility in the market.

The CMF indicator pictured a steady capital inflow over the past 24-hours.

The present movement in the token’s price comes after Brave had entered into a partnership with Binance, enabling users to trade from the browser page itself.

Source: WAVES/USD on Trading View

On the contrary, Waves maintained consistent consolidation under the $1 mark, trading at $0.98 at press time. The token had a market cap of $98 million and a healthy trading volume of $67 million over the past 24-hours.

The Parabolic SAR remained mildly bullish, with one dotted marker under the candlesticks, at press time; however, the CMF suggested consistent capital outflows.

Biraajmaan is a full-time journalist at AMBCrypto covering the US market. A graduate in Automobile engineering, he writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Subscribe to our newsletter