0x (ZRX) is crushing the competition in the last seven days. ZRX price is currently 0.437 USD and its market capitalization is 285 million USD.
ZRX price rose more than 100% after 0x announced weekly staking payouts and Vitalik Buterin mentioned ZRX among the projects he wants to give a
While Bitcoin is nearing 10,000 USD, we have a look at two technical indicators: RSI and MACD. BTC’s RSI is currently over 70, and therefore signaling an overbought situation. MACD is showing a positive and supportive setting. We will have an in depth look at all major projects technical settings in tomorrow’s Weekly Crypto Report.
Enjin (ENJ) reporter the lowest correlation among all the projects, approaching 0.
Medium projects’ 2020 correlation trend, HBAR is offering some benefit.The correlation matrices above show the evolution of correlation between medium-sized crypto projects during 2020.
Relatively small levels of correlation in January and February were followed by really high levels in March, when the market fell down with BTC.
The correlation matrix for our selection of Token projects in the last 30 days show the usual pretty high levels overall. Cortex (CTXC) was the only project able to report a level significantly below 0.5. Enjin (ENJ) was the only other project showing a relatively low level of correlation with the group. We did not feature Token correlations in our Monthly Crypto Recap of yesterday.
The graphs above show how BTC has recently overperformed all its peers among currency projects. All the other currencies are trading at the lower end of their relative frequency distribution of price in satoshis.
The incoming halving event is clearly catching the majority of investors’ attention with respect to currencies.
It was a great month for the market with all the projects finishing with a considerable gain. Among the projects finishing around 70% up, Stellar Lumens had the best risk/return profile.
The graph above show the performance of the crypto market cap-based indexes. The index based on Top projects was the best performer in the last month, followed by Medium capitalized projects and Small projects.
Each of the groups performed better than BTC, in a typical setting for a rising cryptocurrency market.
The table above show the correlation matrix between small projects during the past 30 days. Enjin (ENJ) offers some diversification benefit with respect to the others. Overall correlation levels are still pretty high, as we will see tomorrow in our weekly market cap report.
The table above show the correlations among top cryptocurrency projects during the last 30 days. The sample is made of the projects that we cover in our Weekly Crypto Report. Chainlink (LINK), DASH (DASH) and Stellar Lumens (XLM) show the lowest level of correlation in the group, which could lead to some diversification benefit.