It seemed like the market cap of the entire crypto-verse was on its way to soon hit $400 billion. At the time of writing the market cap was at $363.15 billion with a 0.67% daily increase. While the crypto community speculated that Bitcoin would breach $12k anytime now, the king coin continued trading for $11,454.57 during press time.
With the ongoing bull run, the entire crypto market was seen witnessing a surge and ETH followed suit. Over the last seven days, the altcoin rose by 8.4% pushing its price close to $400. At press time, the second-largest cryptocurrency was trading at $382.08 with a 2.08% daily increase. The market cap of Ethereum was recorded at $43.17.
ETH was undoubtedly on its way to hit $400 as the indicators used in the one-day price chart of the altcoin hinted the presence of bulls. The Parabolic SAR indicator formulated dotted lines below the candlesticks in the ETH market hindering the chances of a downward breakout. The bullish sentiment was reaffirmed by the Relative Strength Index [RSI] as the marker was way above 50 median.
Binance Coin [BNB]
The world’s largest cryptocurrency’s native coin, BNB was an unstoppable uptrend. The coin was trading at $30.85 during the time of writing while the daily price change was a positive 2.27%. The coin prolonged its stay as the sixth-largest cryptocurrency as its market cap was at $4.46 billion. Over the last seven days, the coin incurred gains up to 6.62%.
The bulls had indeed taken over the crypto market. Binance’s native currency, BNB was headed to recording new highs as the Awesome Oscillator screamed bulls by forming green closing bars on its one day chart. The Chaikin Money Flow indicator highlighted a bullish takeover as the CMF marker was above zero and did not intend on depleting anytime soon.
Living up to its label as the most promising coin of 2020, LINK was seen back on its feet after a brief setback. The seventh-largest coin was trading at $11.32 during the time of writing. LINK was one of the most profitable coins as it garnered gains up to 20.61% over the past seven days.
LINK was going to prolong its journey to break its previous all-time high as the bulls were settling down in the LINK market. The MACD line took over the signal line and formed a bullish crossover. The Klinger Oscillator also welcomed the bulls into the market with a bullish crossover.