Behavior of Cryptocurrency in relation to Bitcoin
The behavior of cryptocurrencies with respect to bitcoin in the last week has been very good for the promises of the market, have been showing a good recovery, we see the case of bitcoin cash, ethereum, stellar, litecoin, monero and in general the first 25 cryptocurrencies of the market we are really having a very good recovery, another very interesting point is that already below the top 40 we can not see the same, apparently those small volumes are not enough to snatch something from the market to bitcoin.
Bitcoin cash this currency has shown a 35% growth this week and is causing great interest because for this November 15 there is a hardfork event that is to say a fork in its chain where improvements are going to be made there because a cryptocurrency will be generated, this event is already being supported and accepted by very large exchange platforms such as binance and coinbase, this has aroused the interest of the entire community and all investors will be receiving those coins that generate already after that bifurcation.
On the other hand Iota and Neo are other cryptocurrencies that are causing interest in the behavior they are having right now, with Iota because historically or at least during this year the currency every time it has been touching or reaching those levels. resistance of the 150 and could not break that barrier, so it is very interesting to see how to touch this level of the 150 days would be giving signals, as Neo this has a very similar behavior showing much room still growing You can have the currency with a volume growth.
With Bat something very interesting has happened and it is what happened with coinbase, bat broke down the level of bearish resistance and had a great growth during September and October reaching over 130% increase which is great in a market as quiet as the one we have had in recent months, if we compare it with 0x protocol that was previously listed in coinbase and that came to have a similar increase to then have a correction of around 20%, the same correction could with bat exceeded this interest, we will see what happens with Stellar Lumens and Zcash when they are listed on the coinbase platform.