Coin Market Analysis

Coinmarket review

The cryptomarket is green as we entered a new week with Bitcoin hitting the $9000 mark some days ago. This has led to speculations within the crypto community with analysts predicting a return to the 2017 crypto boom days.

Today’s Monday crypto analysis looks at some of the top crypto projects that enjoyed good gains over the weekend.

BitTorrent (BTT)

BitTorrent (BTT) the TRC10 token has maintained a steady rise in value, banking on new developments within its blockchain. This is no surprise as Justin Sun the CEO of Tron is known for hyping the coin leading to Sharon rise in the value of the coin.

Over the weekend BitTorrentrose in value with the coin among the top 10 coins that made significantgainsin the last 24 hours. The 33 ranked coin increased by 4 percent to the dollar and is currently priced at $0.001394 per unit.

More developments are expected to be rolled out on the blockchain platform before the end of the month and we expect this positive trend to continue.

Basic Attention Token (BAT)

Basic Attention Token (BAT) is one of the cryptocurrencies that do not gain much publicity but it has reasonably high trading volume within the cryptomarket. The 27 ranked coin has been one of the stable coins in recent weeks and appears to be hitting a bullish run at the right time.

Basic Attention TokenBAT increased in value by 7 percent in the last 24hours amid reports that the parent browser Brave browser is likely to open ads earnings for other countries in Europe. This news coupled with other developments within the blockchain looks to have influenced the current price of the coin.

BAT is currently priced at $0.349 for a piece and is one of the valuable coins within the crypto market. It remains to be seen whether BAT would be able to maintain its current momentum this week.

Zilliqa (ZIL)

Zilliqa (ZIL) the smart contract block chain platform saw an increase in value of 9 percent in the last 24 hours. This increase was buoyed by the impending second year anniversary of the launch of the coin coming up on June 18.

Zilliqa had last week enabled full smart contract functionality on its platform which was received positively within the crypto community. The smart contract functionality features positions Zilliqa as the go to platform for developers looking to  creating smart contracts with its advanced features.

Zilliqa had also enjoyed a successful token swap after the launch of it’s mainnet earlier in the year which has contributed to the value of the crypto currency. Zilliqa is currently priced at $0.025 for a unit and the price is likely to go higher this week due to it’s upcoming anniversary.

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Olowoporoku AdeniyiOlowoporoku Adeniyi

Author: Olowoporoku Adeniyi

cryptocurrency evangelist with five years experience in the blockchain industry

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