Altcoins to watch as crypto market signals bullish momentum

By James Gray·20 May 2020·1 min read

Key Points

Chainlink, Tezos, and Cardano are climbing more than 5% today.
The three tokens are outpacing Bitcoin, Ethereum, XRP, Bitcoin Cash, EOS, and Litecoin, which have all posted smaller gains in the past 2

Chainlink, Tezos, and Cardano are climbing more than 5% today. The three tokens are outpacing Bitcoin, Ethereum, XRP, Bitcoin Cash, EOS, and Litecoin, which have all posted smaller gains in the past 24 hours. Altcoins have trailed through most of May as traders monitored Bitcoin's halving and attempts to break $10,000.

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Chainlink climbed 6.5% to $4.09 in the past 24 hours, extending its weekly gain to 12%. The token is up 150% from where it began the year. Its market cap has reached $1.41 billion, placing it 12th among all cryptocurrencies. Trading volume in the past 24 hours totaled $421 million.

Tezos gained 6.1% to $2.85. The weekly advance sits at 12%, with monthly gains of 30%. Bitcoin Suisse began offering Tezos for staking, supporting the upward move. The French startup Digycode partnered with over 10,000 retailers across the country to enable purchases of Tezos through gift cards and prepaid vouchers. The token's market cap stands at $2.01 billion, with $125 million traded in the past 24 hours.

Cardano rose 6.08% and traded above $0.0578 through much of the day. Weekly gains have reached 11.8%. At a market cap of $1.48 billion, Cardano ranks 11th among all cryptocurrencies.

XRP added 1.39% after trading lower for most of the day. Weekly gains sit just above 3%. Ethereum is up 1.2%, trading at $213. Bitcoin has not yet reached $9,800 as markets open in the United States.

MiningPool content is intended for information and educational purposes only and does not constitute financial, investment, or legal advice.

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