NewsPrice Analysis

A Bullish Trend for Monero(XMR) and Bitcoin Gold (BTG)

The top performing altcoin at the time of writing is Monero(XMR) which is getting a 5% pump taking it to $67.73 USD. This altcoin has pumped and dumped over the past few days so appears purely fomo driven. Bitcoin Gold (BTG) also is seeing certain hike in the top hundred with a 6% gain on the day.

Today, the XMR price is enjoying the bullish trend. At the time of writing, the coin is trading at $68.23 USD or 0.01306957 BTC. XMR is currently holding market cap value of $1,154,798,057 USD with $103,453,719 USD  24 hour volume and 16,924,155 XMR circulating supply.

On the upside, if the  $62.50 price level holds, the bulls will resume another bullish trend to retest the $72.50 price level. If the bulls break the $72.50 resistance level, the crypto’s price will rally above the $100 price level. Meanwhile, the stochastic is in the overbought region but below the 60% range. This indicates the price of Monero is in a bearish momentum and a sell signal.

On the other hand, if the bearish trend continues and the bears break the $62.50 price level, the price will fall to the previous low at the $55 price level.

Bitcoin Gold Is Enjoying The Uptrend

At the time of writing, Bitcoin Gold is trading at $17.36 USD or 0.01306957 BTC. BTG is currently holding market cap value of $303,978,311 USD with $14,949,497 USD 24 hour volume and 17,513,924 BTG circulating supply.

Basically, Bitcoin Gold (BTG) is a fork of Bitcoin that occurred on October 24, 2017. It changed Bitcoin’s proof-of-work algorithm from SHA256 to Equihash rendering specialized mining equipment obsolete in an attempt to democratize the Bitcoin mining process.

Recently, Bitcoin Gold announced to implement Plasma technology allowing the execution of smart contracts enabling the blockchain to be able to represent a significant amount of decentralized financial applications worldwide.

What is your opinion on this bullish trend? Share your thoughts on our Twitter and Facebook pages.

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Monero (XMR) & Bitcoin Gold (BTG) Are Experiencing Bullish Trend
Two of the top cryptocurrencies, Monero and Bitcoin are enjoying their bullish trend. Stay tuned for more Bitcoin gold news, xmr news, and more.
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Qadir AK

Qadir Ak - Co-founder of Coinpedia Blog - His interest as crypto Author, Editor, Speaker at cryptocurrency conference has made him known as passionate blogger and startup in Asia.

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