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Altcoins and Their Bullish Trends

altcoin

If you will look at top cryptocurrencies today, it seems that quite a number of them are experiencing a bullish trend over the past days. Bitcoin is currently at $9,404. It has experienced a 30{4ede17fdd9b4ce8121d01fc4b54913fe84f8215aace504cc657695cefb5329ff} increase just this April. Though it still seems quite far from its all-time high and not even close to $10K, investors believe that this is just the start of good things to come for cryptocurrencies.

But as far as the biggest winners are concerned, let’s take a closer look at EOS, TRON, and Stellar. These three altcoins have exceptionally showcased a bullish behavior recently that investors need to take a closer look.

EOS

EOS is somewhere around $17 per unit. If you will look at its price from last week, it has exhibited a 58{4ede17fdd9b4ce8121d01fc4b54913fe84f8215aace504cc657695cefb5329ff} increase. And with its bullish behavior the entire week, it seems that it could actually follow the same movement in the coming weeks.

What exactly made EOS soar in the past week? One of the factors that may have contributed to this movement is the collaboration between EOS and other cryptocurrency exchange platforms including Zebpay and eToro.

It doesn’t actually end there. Huobi and Bitfinex are also becoming interested in having EOS. And because of this, it only means that more people are trading EOS.

Another factor that may have affected the price of EOS is the broadcasted seminar brought by the software tech company Object Computing. They explained how to build DAPPs using the EOS platform. The webinar explained the perks of the EOS blockchain.

Given these things happening with EOS, how long exactly does it take before EOS reach $20 mark?

TRON

TRON is selling at $0.07745. Though it isn’t even a dollar, this coin was able to increase by as much as 41.3{4ede17fdd9b4ce8121d01fc4b54913fe84f8215aace504cc657695cefb5329ff} in just the last week.

TRON is currently at number 10 according to market capitalization. It has a current total market cap of $5.1 billion. One of the reasons is that TRON has been added to the crypto exchange platform, Zebpay. Zebpay is a prominent exchange platform, and because of this, it is now getting a lot of traction among crypto investors.

In addition to this, they are getting support from social media. TRON became the most mentioned cryptocurrency on social media.

Stellar

Selling at $0.41352, Stellar has jumped by 7.22{4ede17fdd9b4ce8121d01fc4b54913fe84f8215aace504cc657695cefb5329ff} in just the last seven days. Though it has been displaced in the top 10, it still offers great potential to its investors.

For instance, Stellar is actually working to build relationships that can help improve its overall utilization. Stellar team is expected to go to Dubai and attend a blockchain/fintech reunion.

If you will look at the price of different cryptocurrencies for this month, it seems that a lot of them have already survived the times when regulators are implementing strict rules to govern the crypto market. And though it is far from over, it is a good sign that large investors are now looking to get involved. And this could mean that the crypto market will remain bullish at least for the next coming weeks.

 

Mark Ayesa

Mark manages our editorial team, social handles and is always on the lookout for great writing talent to contribute to our site. On a day-to-day basis he ensures the content on CryptoCurrency365.com is of the highest quality and also carries out extensive research on any current hot topics of the crypocurrency world for our writers.

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