green shoots of recovery sprout across the market


  • Major cryptocurrencies are in a green zone on Monday.
  • Ontology is the best-performing coin out of top-20.

Green shoots of recovery inspire hope and cautious optimism on the cryptocurrency market. The total capitalization of all digital assets in circulation spiked from $135B on Friday to $140B on Monday morning. All top-20 cryptocurrencies except Binance Coin and IOTA are rangebound with bullish bias today. 
 
Bitcoin is dancing at $4,000. The coin is marginally higher from this time on Sunday, though the upside momentum is yet to gain traction.

Ethereum, the second largest coin by market value, has performed very well in recent days. ETH/USD is trading at $141.75, off the Asian high touched at $142.99. The coin has gained nearly 2% since this time on Sunday.

Ripple’s XRP, the third largest coin, is sitting marginally above $0.3200 amid growing volatility and short-term bullish momentum. XRP/USD recovered from critical $0.3000 tested on March 14; however, the recovery is yet to gain traction.

Ontology is an obvious outperformer with 7% growth today. The coin moved to the 18th place in the cryptocurrencies rating due to a strong upside momentum since March 5. The currency has gained over 40% since the recent low of $0.7833. 

IOTA is down nearly 2% on a day-on-day basis, which is the worst result out of top-20. IOT/USD is changing hands at $0.3350 after an attempt to break below $0.30.
 
 

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