Bitcoin’s drop-in value in the past few days affected the market with the coin currently priced at $7,3204 after reaching the $8000-mark last week. The crypto market rebounded today with most coins turning green after the latest round of trading.
Popular altcoins BitTorrent (BTT), Stellar (XLM) and OmiseGo were among the major gainers of the day.
BitTorrent (BTT)was the biggest gainer of the day as the TRC-10 token went up by 30% to the dollar. BitTorrent BTT recorded a trading volume of $230 million during the last 24 hours and the coin is currently priced at $0.001 per unit.
This is a 30% increase in the past five days and the coin looks to be moving on an upward trend. BitTorrent has been able to leverage the recent airdrop release and the announcement of additional support of wallets on its platform.
The 39th largest coin has a market cap of $220 million an is regarded as one of the viable crypto projects in the crypto space. From its recent price movement, BTT should hit the $0.002 mark before the end of May.
Stellar (XLM) is one of the crypto projects that has received traction by many small and medium business due to its effective cross-border payment solutions. The coin has been fluctuating in price in the past few weeks.
XLM gained 6.49% on the dollar in the last 24 hours of trade as the coin is currently priced at $0.130 for a unit. This is perfectly in line with our analysis as the coin’s next resistance level is $0.150.
There have been some partnerships announced by the coin which alongside the steady rebound of the market could see XLM reach the £0.02 mark by the end of theMay.
OmiseGo (OMG) has made steady gains in value in the past few weeks with the coin breaking over the $2 mark. OMG is priced at $2.08 for a unit which is an 8.68% increase in the last 24 hours.there is genuine hope among crypto enthusiastic that the coin would bounce back from disappointments.
OmiseGo (OMG) looks to hold at its current price which is the resistant point of the coin. The next 24 hours would give a greater indication whether the coin can maintain this range which could be the catalyst for a bullish run.
OmiseGo is one of the popular blockchain projects in South East Asia as it backed by financial giant Omise and currently has a market cap of $291million.