The cryptocurrency market has been in full bloom lately, with the market continuing to stride upwards. Even the third-largest cryptocurrency on CoinMarketCap’s list, XRP, was noting a tenth consecutive day of growth. However, its surge was uncorrelated with that of Bitcoin or any other alt in the market.
XRP
Source: XRP/USD on TradingView
The third-largest coin with a market cap of $10.37 billion, XRP was rising in the market, partially following the market’s major coins, while also noting a sudden, uncorrelated surge of its own. XRP was valued at $0.2326, at press time, and was on an upward trend. Further, the coin seemed to be enjoying the bullish nature of the market.
The MACD indicator confirmed the trend as the MACD line had spiked over the signal line, overhauling the bearish trap into a bullish one. The XRP ecosystem has been receiving a boost from the On-Demand Liquidity platform [ODL] lately and it was recently reported that Ripple and major ODL corridors moved almost 100 million XRP.
MIOTA [IOTA]
Source: IOTA/USD on TradingView
The twenty-fifth largest crypto with a market cap of $530.12 Million, IOTA was surging in the past 24 hours by almost 7.64%. The coin was also noting the second consecutive day of green candles, as it was being traded at $0.1898, while the immediate support was marked at $0.1493 and resistance at $0.2232.
The coin has been following a bullish trend ever since the massive fall in March. According to the Parabolic SAR indicator, IOTA continued on its bullish trend as the markers aligned under the candlesticks. Just recently, the IOTA-based sensor Lidbot sold the first batch of its product which collected various data within a waste management system.
DigitByte [DGB]
Source: DGB/USD on Trading View
Digitbyte recorded a market cap of $198.9 million and was placed 36th on CoinMarketCap’s list. Recently, the coin noted a sudden pump in its price, one that carried it from $0.00476 to $0.0700 within a matter of days. The press time price of the digital asset stood at $0.015o7, with the token noting a bullish trend.
According to the Bollinger Bands, there was high volatility in the market, but the moving average was lying under the candlesticks. As the price started to swing upwards, there were reports that the project was growing more and more prone to a 51 percent attack.
