Wednesday Market Watch: Coins Are Warming Up Again
In today’s market watch, we see many different coins making a recovery. ETH is back to above $4,000, BTC is close to $50,000 again, and multiple altcoins grew near 5% on the day. Here is a summary of the coins that are running the hottest today.
DOT: $27.743 (+10.2% over the last 24 hours)
After weeks of slumping for DOT, it finally made a comeback today, as it went up by more than 10%, more than twice of a percentage increase than any other coin trading on BTCC. However, it is still a long way from the $55.077 it was at on November 4th, and it would be still a tough road ahead for DOT to get anywhere near its previous ATH.
DOT price chart over the past 24 hours (15-minute intervals)
UNI: $15.895 (+5.52% over the last 24 hours)
UNI is up the second most on the BTCC platform today, over 5.5% today. UNI, similar to DOT, had been struggling the past month. Bullish investors will see this as a positive sign for things to come, hoping for UNI to continue its form this week onwards.
UNI price chart over the past 24 hours (15-minute intervals)
ADA: 1.3365 (+4.47% over the last 24 hours)
ADA shares many of the characteristics present in the two previously mentioned coins; it was down a lot from its ATH during November, it has underperformed compared to other coins over the past month, and it is up near 5% today. Even though ADA has struggled thus far, and many investors have since become more bearish on its short-term prices, its long-term outlook is still strong, given its strong community support, outstanding development team, and its potential to overshadow Ethereum with a highly scalable network.
ADA price chart over the past 24 hours (15-minute intervals)
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