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- AXAI, BTC, and ETH are trending top 3 cryptocurrencies on CoinMarketCap in the last 24 hours.
- Bears in BTC have dominated the BTC market in the last 24 hours.
- Bulls in BTC established weekly highs of $25,134.12.
There are thousands of different cryptocurrencies, making it tough for investors to get started in the realm of cryptocurrency. Today’s article we will look at the top three trending cryptocurrencies according to CoinMarketCap.
OXAI.Com (OXAI)
Oxai.Com (OXAI) is a web3 protocol that was created to enable Decentralized AI Computation for any human or machine on the planet, without risking data privacy or security.
Bulls in OXAI have dominated the market over the previous 24 hours, causing the current OXAI price to trade at $0.00001126, a 1.12% increase. Bulls have created a support level at $0.00001089 and a resistance level at $0.00001199 in the OXAI market. Bulls in OXAI have set weekly highs of $0.00001627 in the last week, while current trading volume has increased by 43.85% to $1,504,919.
Bitcoin (BTC)
In the past week bulls in Bitcoin (BTC) have dominated the market leading to BTC reaching a weekly high of $25,134.12. The current market of BTC is $475,769,720,044 and has a trading volume of $28,769,472,118.
However, the bullish sentiment in BTC has changed recently as Bitcoin is currently trading at $24,639.06 which is a price decrease in the range of 0.95% in the last 24 hours. The current Bitcoin dominance is 42.60%.
However, BTC is a promising cryptocurrency as it has been increasing its price since the start of this year. Recently a tweet by the ₿irb Nest, a high-quality international trade association, stated that BTC had formed a golden cross, indicating that the bulls have recently taken control of the market. When the 50-day moving average (MA) crosses over the 200-day MA, it forms a golden cross. Investors should have an optimistic view as BTC prices may continue in an upward trend in the coming days.
Ethereum (ETH)
Recently, Ethereum (ETH) which is the second largest digital currency by market capitalization, has been trending over the past week bull in ETH have dominated the market. Currently, the price of ETH has been trading in a downward trend. In the last 24 hours, ETH is exchanging hands at $1,673.22 which is a price decrease of 1.98%.
The price of ETH reached a weekly high of $1,732.80 and a weekly low of $1,545.69 due to buying pressure from bulls. The current price of Ethereum is down by 65.81% from its all-time high of $4,891.70, which was recorded on November 16th, 2021.
In conclusion, the coins above have promising results hence investors and traders should consider a long-term investment in the above coins.
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