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The cryptocurrency market tends to become bearish once we pass Monday / Tuesday and approaches the weekends, even in the best of times. These are not good times at all, so it is quite doubtful that any currency will make progress over the next weekend. Bitcoin and Ethereum are in freefall. But a handful of resources have had interesting developments in the last hours. Explode them a little.
Bitcoin Gold
Bitcoin Gold is acquiring value apparently from nothing. While this is remarkable in the midst of a dramatically bearish market, I ask you what will happen with this long-term currency.
It's a token with no real use cases, so its price is driven primarily by speculative pressure, which is not a good thing because it increases the likelihood of a sudden fall that will come out of nowhere, just like the increase occurred.
Bitcoin Diamond
Yet another Bitcoin fork. These forks have attracted a lot of attention lately, especially after the Bitcoin Cash fiasco of a hard fork, which has taken away 75% of its previous value since last November 15th. But some forks acted well, like the aforementioned Bitcoin Gold and, Bitcoin Diamond which has recently increased in value by about 20% to reach $ 1.
revain
It has been an interesting resource to follow for several weeks. The price has momentum right now, which is noticeable in current market conditions. However, in the last 24 hours, Revain has lost 9.19% of its value, but it is still a good cryptocurrency to keep an eye on.
ardor
This currency is a bit dark, so nobody seems to pay much attention to it at the moment. This is a bit odd because the coins that grow in value are usually noticed by the market, and Ardor has had some strong gains in the last days.
Before falling by 3% today, it has grown 5% in a few hours and has gone very against the downward trend. It will be very interesting to follow this altcoin over the weekend and see how far it can go in fighting the current market trend.
Quarkchain
In recent weeks, Quarkchain's price has risen several times, and today he repeats his feet. The QKC token has gained about 2.35% in the last 24 hours.
It is an interesting development to follow until next Monday to keep track of how far it can move. It is one of the very few markets in the first 100 coins by market capitalization to handle some real gains that hit for its merits.
Nexo
The last currency that has grown significantly while we look for the time winners in the encryption market is Nexo. Although not exactly a noisy currency on the price list, it has also gained a responsible value in the current "severe" bloodbath of the cryptographic market. This alone suggests that things are going well for Nexo right now. The problem for this altcoin will be to sustain its pace and continue over the weekend.
So now you have some interesting coins that you can use for the crypto-spotting in the next few days (and beyond). Watch them carefully and enjoy the difficult moments of the crypto too (it is always better not to take your hair off your head when something goes in the opposite direction).
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Disclaimer: this article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and its affiliated companies, employees, writers and subcontractors are cryptocurrency investors and may from time to time have holdings in some of the coins or tokens they cover. Please conduct your own in-depth research before investing in any cryptocurrency and read our full disclaimer.
Image courtesy of Pixabay.
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