Zcash, XRP and BCH Record Major Gains

Although bitcoin still has a long way to go with respect to it’s all-time high price set around 2017, the top cryptocurrency looks relentless at the moment.

Bitcoin [BTC] is currently struggling to break the resistance at the $11,500 price level in order to match forward towards the $13,900 area. This is most expected by many analysts at present.

Within the ongoing bullish campaigns, we collate a list of top-performing cryptocurrencies that have made massive moves within the last 24 hours. And although bitcoin seems not to make the list today, we are certain that the moves seen in some altcoins are of great interest to the ecosystem.

#1. Bitcoin Cash (BCH 6.47% Gain):

Bitcoin Cash comes first on today’s second wave list of gainers with an 6.47% gain.

The top cryptocurrency has a moderately decent market sentiment with around 80% of market respondents keeping up positive about BCH.

Within the last year, the coin is down 6.3% while the one month timeframe looks bullish at 36%. Within the last two weeks, Bitcoin cash gained around 38.1% but has lost 1.7% in the last hour.

BCH is presently trading at $308 with further upside possible in the short term.

#2. Ripple’s XRP (XRP 7.81% Gain):

Ripple takes top spot amid the top gainers in the last 24 hours.

As the top crypto establishes its investors with profits for the first-time in a while, its market sentiments lean towards a bullish signal in the short term.

XRP is currently down around 16% since last year and has also gained around 52% since last month. In the last hour, however, XRP is down 0.7%.

Currently trading at $0.267, XRP has increased in market capitalization to $12.7 billion. Its 24-hour exchange volume is now looming around $2.4 billion.

#3. Zcash (ZEC 10.04% Gain):

For the first time this week, Zcash enlists on our record of top gainers. The top cryptocurrency is on this list having gained around 10% within the last 24 hours. 

The coin’s market stance is quite optimistic as traders tend to establish long positions in the confidence of prospective gains. 81% of traders are bullish on ZEC. 

Zcash is undergoing some community disruption and has advised node operators to perform a version upgrade to the latest available. This may be part of the reasons for a short term bullish sentiment. 

Within the last year, ZEC is up 17% and up by 27.3% in the last one month. The coin is currently trading at $80.09 with market cap stabilizing at $778 million.

Show More

Dare Shonubi

Certified cryptocurrency expert and Blockchain journalist covering crypto market analysis and general Blockchain adoption and development.

Related Articles

Back to top button