Over the weekend, Bitcoin (BTC) as the largest cryptocurrency fell below the critical $29,000 support, with the larger crypto market painted red on daily timeframes. Meanwhile, AVAX, TRX, XTZ, CRV, and ETC were some of the most popular altcoin projects last week.
Top 5 altcoin projects of the week: AVAX, TRX, XTZ, CRV, ETC
Avalanche (AVAX)
AVAX has dropped close to 25% since last week. However, as it gained momentum, it came in with fresh gains on Saturday, gaining close to 13% daily. For AVAX to gain some momentum, initial resistance lies in the $27 region, which could be critical to the coin’s bullish trajectory.
Tron (TRX)
Tron (TRX), the best performer in terms of price increase last month It was one of the projects. At the time of writing, TRX is up almost 7% on the weekly chart, trading at $0.08159. Notably, Tron founder Justin Sun launched a Terra-style algorithmic stablecoin towards the beginning of May. Kriptokoin.com , this announcement was effective in the popularity of the TRX token.
Tezos (XTZ)
Oracle Red Bull Racing is preparing to release NFT on Tezos and list it on Bybit. The announcement in question ignited Tezos’ rally supporting a run of $2.00. According to analysts, if the $1.9643 resistance can be crossed permanently, then a rally above $2 could open the doors.
Ethereum Classic (ETC)
ETC, recording 0.94% daily and 9.81% weekly price gains, at $22.79 As it traded, it registered significant resistance around the psychological resistance of $25.
Specifically, the $25 price range has served as an important support range for ETC even in the past. As the buying pressure builds, the bulls break above the key resistance at $25 in the near term could add positive momentum to the token’s price.
Curve DAO Token (CRV)
CRV recently, after stablecoin swap app Curve Finance proposed to end emissions of CRV tokens from terraUSD (UST)-related pools was in the news.
At the time of writing, CRV rallied 8.51% in the past day to reach above $1.20 despite larger market losses.
