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Home General News

Ethereum Classic, Tezos, Chainlink Make Incredible Gain as Crypto Market Eyes $250 Bn  

by Khalid Lawal
January 17, 2020
in General News, Price Analysis
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After few days of consolidation around the $8,600 and $8,700, Bitcoin has just broken the $9,000 key psychological support on Binance crypto exchange. Similarly, the entire market cap of the ecosystem has also exceeded $245 Billion mark and it is making move for a possible hit on $250 billion.

Correspondingly, most altcoins are also on the green side, but some are ahead of others haven made tremendous gains today. The likes of Ethereum Classic, Tezos and Chainlink are amongst the highest gaining altcoins in the market.

As Bitcoin takes slight reverse to $8,957 unit price at press time after hitting $9,000 earlier, Ethereum Classic is at the top of the game with the highest value-added in the last 24 hours among top 100 coins.

Ethereum Classic Intraday Price Analysis

Investors of Ethereum Classic coin (ETC) must be wallowing in success now just like those who own DASH coin did two days ago.

After maintaining stability between the band prices of $5 and $6, the Ethereum hardfork cryptocurrency went on a slow but steady rise since January 14, but the entire trend changed afterward as Ethereum classic rallied with more momentum during the hours of the Asian Trading Session today, breaking above $9 price.

Ethereum Classic price rallies up

By the start of the European trading session, Ethereum Classic already drifted above $10 resistance as the cryptocurrency continues to maintain steady growth on the rising wedge.

At press time, a unit of Ethereum Classic coin (ETC) is been valued $10 with over 31% gains against the US dollar in the last 24 hours. Against BTC, ETC has also added over 28%.

Tezos Intraday Price Analysis

Among top 100 cryptos, Tezos (XTZ) is one of the high performing cryptocurrencies. Within 24 hours, the value of Tezos has risen from $1.32 to $1.48 after the cryptocurrency made an up-gain of 12.07% against the USD.

Tezos price goes higher

Earlier, Tezos drifted above $1.52 before retracing back to $1.40 region. This is the highest value the cryptocurrency had attained since December 23. Unlike many cryptos including Bitcoin which last attained their present points over 2 months ago, Tezos is quite resistant against the forces of the bear.

Chainlink Intraday Price Analysis

The ongoing crypto recovery wave is also favorable to the decentralized oracle service cryptocurrency, Chainlink.

As of today, Chainlink’s Return on Investment (ROI) has risen to 1,650.89%. The cryptocurrency today matched past $2.55 level, its solid barrier for the last 7 days.

Chainlink price upped

At press time, data from Coinmarketcap illustrated that Chainlink has risen to $2.74 after the value of the cryptocurrency was upped by 19% against the USD dollar.

Tags: ChainLinkChainlink NewsEthereum Classicethereum classic NewsEthereum Classic PriceTezosTezos NewsTezos Price
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Highlights

Elon Musk Loaded Up In Dogecoin before Pumping Bitcoin – Peter Schiff

Crypto Investor Explains Why Cardano will Soon Topple Ethereum

Cardano’s IOHK Rebrands, Enters Final Stages of a Large Government Contract

Analyst Explains why Bitcoin Price Could Crash to $6,400

Online Search for “Dogecoin” Surpasses “Bitcoin” in United States

PayPal Q4 Earnings Report Shows Users More Active after Buying Cryptocurrencies


NewsLogical Inc. is a U.S.-centric firm established in 2019 with the aim of providing resourceful and up-to-date cryptocurrency and blockchain information.

Email: info@newslogical.com

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Dislciamer


Contents on NewsLogical.com are only for informational purposes and should not be construed as financial or investment advice.

Trading cryptocurrency is considered a high-risk activity that requires technical knowhow because digital currencies are generally volatile.

Contact financial experts for guidance before making any cryptocurrency investment decision.

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