Top-5 Cryptos This Week: TRX, BCH, HT, XLM, XMR

The crypto space is taking a breather after the recent sharp run. However, Binance CEO Changpeng Zhao (CZ) recently tweeted that he is positive that Bitcoin (BTC) will resume its rally to $16,000 “soon-ish.” This suggests that CZ believes the market has bottomed and is in the process of resuming the uptrend. Furthermore, the long-term price action of Bitcoin shows that it has outperformed the S&P 500 since 2003.

In other crypto-related news, French high school students will now be taught the basics of Bitcoin and its effects on the French and global economy. This suggests that the government is gradually accepting that cryptocurrencies are here to stay and the best way to approach them is to arm the next generation with the requisite knowledge.

TRX/USD
Tron (TRX) rallied about 13% in the past seven days. Tron CEO Justin Sun had built up expectations of a big announcement by hinting that a new partnership with a multi-billion dollar megacorporation would “broadly distribute TRON Dapps and tokens to billions of customers.” The altcoin rallied on the hype but succumbed to profit-booking on the news that Samsung had integrated Tron with its Blockchain Keystore. Can the altcoin build on this news after the initial profit booking? Let’s analyze its chart and find out.
BCH/USD
Bitcoin Cash (BCH) has been among the top performers for the second successive week. Market participants cheered the news that Bitman’s co-founder had dismissed all the roles of fellow co-founder Micree Ketuan Zhan. However, can the altcoin extend its pullback going forward? Let’s analyze the chart.Huobi Token (HT) was the third-best performer in the past seven days with gains of about 10%. Can it build on its gains in the forthcoming weeks? Let’s study its chart.
XLM/USD
Stellar (XLM) rallied about 9% in the past seven days to land up as the fourth-best performer among major cryptocurrencies. Has it bottomed out or is this a dead cat bounce that is likely to be sold into. Let’s analyze the chart.
Monero (XMR) wrapped up the list of best performers with a gain of about 8%. The cryptocurrency has been delisted on a few exchanges as the regulatory environment has tightened in the past few months. However, Dubai-based multi-currency and spot/futures exchange, BTSE, has provided the privacy coin a boost by launching its futures contracts. Can this move attract buyers? Let’s analyze the chart.