The crypto currency market has expanded its decline with a decrease of total market value by 1 percent today. In the midst of this decline, some subcoins such as Move Coin managed to attract attention for various reasons. Crypto analyst Abiodun Oladokun, today the most trendy crypto coins are discussing the table.
Altcoin in the first place: Xyo Network (Xyo)
XYO gives power to the Xyo Network, a decentralized location data network. The 33 %increase in value made it a trendy being today. It is traded for $ 0.021 according to the press time. XYO’s dual-digit rise in the last 24 hours is due to the launch of the Xyo Layer-1 blockchain network on Tuesday. The excitement of the launch of Blockchain led to an increase in demand for XYO, as proved by an increase of 1138 %in transaction volume. If the demand increases more, the price of XYO may rise to $ 0.029 by exceeding $ 0.024 resistance. On the other hand, if the sales activity continues, the token price may drop to $ 0.019.
Xyo Price Analysis. Source: TradingViewMove (Move Coin) is in the second place!
Move Coin is another trend today. It is currently trading at $ 0.81 with an increase of 12 %in the last 24 hours. This increase came after World Liberty Financial, a Trump Family supported defi platform, bought a Move Token worth $ 2 million on Tuesday. It has also been suggested that Movement is among the Blockchain networks, led by Elon Musk, the Blockchain networks. However, this claim was now rejected. However, this claim fueled market speculation. If this rise trend continues, the Move Coin price may be traded for $ 1,08 by increasing over $ 0.87. However, the restart of profit -taking activities will reduce the value of Move to $ 0.71.
Move Price Analysis. Source: TradingViewLast row Altcoin: Jupiter (JUP)
The jup is traded at $ 1,11 compared to the press time and recorded a 7 %decrease in the last 24 hours. The negative power balance (BOP) confirms the increase in sales print with -0,14. This indicator measures the power of buyers against sellers by analyzing price movements within a certain period. When the BOP is negative, sellers hold control and implement downward pressure on the price of the asset and indicate the potential decrease momentum. If the sellers continue to hold control in their hands, the JUP can take the price below $ 1 to be traded for $ 0.95. On the contrary, if buyers recapture market control, the price of the JUP may rise to $ 1.22.
Jup price analysis. Source: TradingViewThe opinions and estimates in the article belong to the analyst and are not definitely investment advice. Kriptokoin.comWe recommend that you do your own research before investing.
