In the coming altcoin news, there are many coins which have recorded great performances over the past week. Even though there are signs of a potential correction, the top altcoins to watch right now include the names of Binance Coin (BNB), Bitcoin Cash (BCH), Ethereum (ETH) and others.
According to analysis by the digital assets fund Adamant Capital, the cryptocurrency market is right now in a phase before starting a new uptrend. As their analysis noted, about 3% of American retirees have invested in Bitcoin. About 56.7% of them have heard of Bitcoin but are reluctant to invest which is possibly due to the long and crushing bear market.
The top altcoin news to watch are also subject of regulation. According to Andrew Yang who is a current United States Democratic presidential candidate for the 2020 elections, there needs to be clear regulation on digital assets. When the markets start rising and enter their bull phase, a lot of these coins are likely to enter the markets.
Tezos (XTZ) is one of the best altcoins in the latest cryptocurrency news. In an interview with the French magazine Capital, the French finance minister Bruno Le Maire commented about Tezos and the blockchain industry, stating that the country is looking to invest more than $4.5 billion Euros in innovative industries in the next years.
Binance Coin (BNB) has managed to surge more than 66% over the past week and is right now the best performer among major cryptocurrencies. It is also one of the top altcoins to watch and might become the first to scale the highs made during the bull run in January 2018.
Bitcoin Cash (BCH) has also been benefiting from Bitcoin SV’s delisting by major crypto exchanges this week. In turn, this altcoin managed to gain a double-digit increase. Ethereum (ETH), on the other hand, has been featured on many best cryptocurrency news sites for its development in the hard forks – as well as its scaling to $167 which is a crucial price point now.
Last but not the least is Monero (XMR) which celebrated its fifth anniversary this week and has been sustaining above the breakout level of $60.14 and the 20-week EMA for the past two weeks which is a positive sign that increases the possibility of a new breakout.
All of these are the top altcoins to watch so far this year.
DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at [email protected]
Discussion about this post