|

Bitcoin Cash, Ripple, Litecoin and Monero with better short-term projections than Bitcoin

  • Altcoins riding big bullish moves while King Bitcoin rests on the sidelines
  • BCH/USD up a full 100% over BTC/USD in just three trading days

Money flow looking to make more profits in the Altcoins

BitcoinCash, Ripple, Monero and, in a smaller role, also Litecoin, have been the Crypto stars of the week. Despite the technical problems of CoinBase and GDax, BitcoinCash claims his spot as one of the top performers in the Cryptocurrencies world.

Monero presents a more quiet but steady price action, that has set it as the second-best performer this week among main Cryptocurrencies. Ripple, after trailing these bullish moves, has awakened today with a strong 30% surge.

Cryptocurrencies 1H chart

XRP/USD

Bitcoin seems to be benefiting from the current bullish ride across the Crypto board. The main Cryptocurrency experience a pretty positive day yesterday despite its non-favorable technical setup.

But let's broaden the current frame: since early December, the Altcoin setting the pace up is Litecoin, followed by Ripple and Monero. It's not like Bitcoin has not performed well during this period, but its 80% rise looks paltry compared to the 300% surge of the LTC/USD.

Cryptocurrencies 4H chart

XRP/USD

BTC/USD keeps its crown

Despite the ballistic trajectory in most of the Altcoins, Bitcoin remains the king. Its capitalization, participants, industry attention and pedigree make Bitcoin the most desired asset for any investor looking to get into the Cryptocurrency market. Expect its momentum to come back, when it does, Bitcoin will turn its engines back on and will demonstrate why it still remains the King.

Author

Tomas Salles

Tomas Salles

FXStreet

Tomàs Sallés was born in Barcelona in 1972, he is a certified technical analyst after having completing specialized courses in Spain and Switzerland.

More from Tomas Salles
Share:

Editor's Picks

EUR/USD struggles below 1.1800 ahead of US data, Fedspeak

EUR/USD remains trapped in a tight range below 1.1800 in the European session on Tuesday. The pair struggles amid a modest US Dollar strength and an improvement in risk sentiment, even as US tariff uncertainty lingers. The focus now remains on the US data and Fedspeak. 

GBP/USD stays defensive below 1.3500 as USD firms up

GBP/USD stays on the back foot below 1.3500 in the European trading hours on Tuesday. The pair declines as the US Dollar rebounds from losses recorded over the previous two sessions. Traders will focus on the US weekly ADP Employment Change and Consumer Confidence data due later in the day, along with speeches from Federal Reserve officials.

Gold holds pullback below $5,200 amid USD uptick

Gold holds moderate losses below $5,200 in European trading on Tuesday, though it lacks follow-through selling. Following the previous day's knee-jerk fall in reaction to US President Donald Trump's new global tariffs and the subsequent bounce, the US Dollar attracts fresh buyers ahead of mid-tier data and Fedspeak. 

Dogecoin, Shiba Inu, and Pepe extend losses on bearish signals

Meme coins are facing renewed selling pressure amid fading broad risk-on sentiment so far this week, with Dogecoin, Shiba Inu, and Pepe extending their losses after recent corrections.

AI-scare trade and tariff uncertainty takes hold

It was quite a day, with AI-disruption fears and tariff uncertainty triggering a risk-off session. By now, it's nearly impossible to have missed the Supreme Court's 6-3 decision that struck down US President Donald Trump's reciprocal tariffs last Friday.

Dogecoin, Shiba Inu, and Pepe extend losses on bearish signals

Meme coins are facing renewed selling pressure amid fading broad risk-on sentiment so far this week, with Dogecoin, Shiba Inu, and Pepe extending their losses after recent corrections.