Investing in cryptocurrency can be highly risky because of its volatile nature. This is why we are bringing a week’s price analysis of top cryptocurrencies in this blog:
EOS is a cryptocurrency design to assist large-scale applications. There are no fees associated with the transaction of EOS. On December 18th, 2019, the digital currency opened USD 2.21 billion and closed at 2.46 billion, and USD 2.49 was its highest hit of the day. Market capital on this day of EOS stood at USD 2.33 billion. Throughout the week the market was favorable to EOS as it kept on growing. As of December 25, 2019, the overall market capital comes at USD 2.42 billion and the overall market position is 7.
Tezos (XTZ) is a multi-functional platform that is backed by smart contracts and dApps. The currency has been performing stably in the market for the week. On December 18th, 2019, the currency opened at USD 1.54 billion and closed at USD 1.62 billion. The highest the market came at USD 1.62 billion whereas the lowest was limited at USD 1.45 billion. The market capital was calculated at 1.11 billion. Throughout the week, Tezos did not show any major price fluctuations. While on December 21st, 2019, the currency experienced a good opening of USD 1.60 billion, closed at USD 1.48 billion. The currency market capital of XTZ stands at USD 1.04 billion and market rank is at 10th position.
- Stellar (XLM)
The Stellar network is a popular open-source and community-operated network that facilitates cross-asset transfers. On December 18th, 2019, XLM opened at USD 0.044246 million and closed at USD 0.046013 and the overall market capital stood at USD 922.79 million. Throughout the week, however, by December 24th, 2019, the overall market capital saw a decline and it currently stands at USD 904.14 million and the overall market volume is at USD 190.57 million. The stellar market position is standing at 12.
- Tron (TRX)
Tron is a digital currency that aims to establish a decentralized and free content entertainment system powered by blockchain technology. As for the weekly price analysis of this digital currency, there has been a slight decline in the overall volume of the currency. On December 18th, 2019, the market opened at USD 0.012460 million and closed at USD 0.013376 million, and the overall market volume came at USD 1.28 billion. On December 22nd, 2019, TRX saw the highest volume recorded at USD 1.32 billion, which decline to USD 1.18 billion by December 24th, 2019 and the market position is 11.
Cardano (ADA) is a fully decentralized platform that enables complex programmable transfer in a scalable and secure fashion. There have been slight fluctuations in the price throughout the week. On December 18th, 2019 the market opened at USD 0.031794 million and closed at 0.034462 and the volume was recorded at USD 61.1 million. By the end of the week, that is, December 24th, 2019 the value of ADA stood USD 30.93 million. The highest value of the Cardano was recorded on December 23rd, 2019 at USD 36.54 million and the market rank is 13.
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This guide will help you make a smart investment decision and generate better ROIs.