Price Analysis

Top 5 Coins by AltRank: February 8th

Read CRYPTONEWSLAND on google news
  1. A consistent level of resistance is required in order for bulls to maintain their edge.
  2. Due to persistent bullish pressure, Oasis Network (ROSE) has hit a new record high.
  3. The bulls have won, and the market is set up for more increases.

In a recent post on Twitter, Ben GCrypto the CEO of Generation Crypto Media Channel and Big-Bag has recently posted the top five cryptocurrencies by AltrRank.

Lunar Crush’s AltRank is a one-of-a-kind metric because it considers both the real price performance of altcoins in comparison to Bitcoin (BTC) and measures of social activity.

The top five gainers over the past 24 hours include Sandbox (SAND), Graph (GRT), Verasity (VRA), Chromia (CHR), and Oasis Network (ROSE).

SAND/USD

The price of Sandbox (SAND) has been exhibiting a generally upward trend over the past twenty-four hours. Recent market activity has seen SAND trade at $0.8403 per token, reflecting a value increase of 17.10%. Support for SAND buyers can be found at $0.7134, while sellers will encounter resistance at $0.9365.

In addition, the trading volume for SAND has increased by 586.09% and is currently at $1,072,224,441. This results in a market cap that is currently resting around $1,266,214,965, which is an increase of 17.10%. The market is currently being controlled by bulls, which has led to the SAND token reaching a new 90-day high price of $0.9365.

SAND/USD 24-hour price chart (source: CoinMarketCap)

GRT/USD

The price of Graph (GRT) for the past week has been on an upward trend, which has contributed to bulls in the GRT market reaching new highs of $0.2286 over the past 90 days. Nevertheless, a new market pattern has emerged in the GRT market as bears have become the dominant trading participants, which has led to a 3.69 percent decline in the price of Graph. The token was trading at $0.1737 as of the time this article was published GMT, while bears found support around $0.173, and the resistance was at $0.2286.

GRT/USD 24-hour price chart (source: CoinMarketCap)

VRA/USD

The bulls have been in control of the Varasity (VRA) market for the past 24 hours, which has contributed to the price reaching a new 7-day high of $0.0112. The current price of one VRA token in terms of the US dollar is $0.01006, which represents an increase in the price of 24.74%. The bulls have established a support level at $0.008041, which is the price that is currently the lowest on the market, while the price that is currently the highest price (resistance) is $0.0112.

When compared to the token all-time high of $0.08683 which was set in the month of November in the year 2021, the current market price of VRA has experienced a decline of 87.97%.

VRA/USDT 24-hour price chart (source: CoinMarketCap)

CHR/USD

Bulls in the Chromia (CHR) market have been at their peak, driving the price to a 90-day high in the previous 24 hours. During the upswing, the bulls’ control has varied the CHR price between $0.1858 and $0.2335. As of press time, this bullishness had persisted, with the price rising by 10.57% to $0.2099.

As a result of this upbeat attitude, the market capitalization and 24-hour trading volume both grew by 10.57% to $ 144,082,815 and 388.38% to $182,165,868 respectively, indicating that more buyers are entering the market.

CHR/USD 24-hour price chart (source: CoinMarketCap)

ROSE/USD

Prices in Oasis Network began the day with optimistic energy, which resulted in a rise of 6.56% in the price of ROSE over the course of the previous 24 hours. The present optimistic attitude has been increasing over the past 7 days, which has resulted in the digital currency achieving a new 90-day high of $0.07647. This corresponds to a market capitalization of $378,918,293 while the trading volume is at $188,070,036. The current position held by ROSE on CoinMarketCap is 106.

ROSE/USD 24-hour price chart (source: CoinMarketCap)

Bulls need prices to rise over the current level of resistance in order to maintain their market dominance.

Read Also :

Munene Kelvin

Kelvin enjoys writing about cryptocurrency and blockchain. He started blogging in 2019 and switched to cryptocurrency in 2020. Kelvin is interested in technology, football, chess, and Defi. He wants decentralization to benefit everyone on the planet.

Recent Posts

Tesla Adds Dogecoin as Payment Method, DOGE Value Skyrockets

Tesla's embrace of Dogecoin as a payment method fuels a 6% surge in its value…

6 mins ago

5 Best Low-Cap Crypto Coins to Buy in May 2024

By focusing on these selections, investors can navigate the burgeoning market and identify coins that…

39 mins ago

Top 5 Latest DeFi Coins that Must Be on the Watchlist in May 2024

📈 Discover the top 5 DeFi coins reshaping finance in May 2024! From Arrakis Finance…

42 mins ago

Top 5 Cryptocurrencies for Beginners – Full Guide for May 2024

With a focus on accessibility and potential growth, this guide aims to demystify the process…

2 hours ago

A Visionary CEO’s Journey From Early Cardano Investment To Exploring BlockDAG’s Potential

Discover how a CEO's early Cardano investment led to millions and why he now sees…

2 hours ago

Top 5 Trending Crypto Coins to Buy Right Now

These selections are tailored to provide insight into the most talked-about options for potential investment.…

3 hours ago