Best weekly performances in the crypto market came from altcoins.
Another silent week in the bitcoin market is almost over. In addition, as the weekend’s volatility has decreased in recent months, and with the July 4th holiday in the US, a close without events can also be expected.
However, things have not been so quiet for the altcoins that have been the highlight of the crypto market.
Cardano
Cardano was the best performing cryptocurrency this week with tremendous progress from IOHK, the developer. The team hopes to launch its Shelley update and, with it, achieve decentralization in Cardano on July 29.
In addition, the increase in the last two days was driven by the new custody offer at Coinbase.
Opening price: $ 0.083
Current Price: $ 0.099
Weekly gain: 18.8%
Weekly High / Low: $ 0.102 / $ 0.0823
Crypto.com
With the end of the Wirecard saga having a positive result, CRO continues to grow in prices as well. It was the best performing YTD token with an increase of more than 275%. Like Cardano, CRO bulls are also battling resistance at ATH levels, a break above what could lead to additional gains.
Opening price: $ 0.126
Closing price: $ 0.149
Weekly gain: 5.75%
Weekly High / Low: $ 0.129 / $ 0.118
Chainlink
LINK’s accumulated growth in the year is over 165%. Its growth has been remarkable since the beginning of the year, with the integration of Oracle in the main crypto projects, including DeFi, mobile applications and smart contracts.
The resistance around the $ 4.8 to $ 5 range near its ATH is significant. However, if there is a break, traders will look to see a renewed bullish moment.
Opening price: $ 4.75
Closing price: US $ 4.5
Weekly gain: 3.47 %%
Weekly High / Low: $ 4.91 / $ 4.43
Tron
Tron underperforms w.r.t. for Ethereum and Cardano, but is looking for a positive moment in the last days. The Tron Foundation is working on the development of Tron 4.0. It also won a Twitter emoji, which marks the team’s consistency in its global marketing.
Support and resistance at around $ 0.018 is a significant level for bulls to break up and continue with positive price growth.
Opening price: $ 0.0157
Closing price: US $ 0.0166
Weekly gain: 5.91%
High / Low Weekly: $ 0.0172 / $ 0.0157
Source: Coingape
