Ethereum Classic (ETC): In the last 12 hours, the crypto market has eased after yesterday’s surge that saw bitcoin (BTC) hit $7500. Bitcoin is trading below the 200-day moving average. If it doesn’t break above it, it is likely to range and possibly drop to $7000. However, there is one crypto that showing a clear bullish signal at the moment, and that’s Ethereum Classic (ETC). After breaking above the 200-day moving average yesterday, it is still holding strongly above it.
Unlike Bitcoin which is currently ranging below a major moving average, Ethereum Classic is holding strong in a range above it. This is a bullish signal, and if Ethereum Classic (ETC) volumes increase at this point, there is a good chance that it could hit $19, the previous high in the month of July. If by any chance bitcoin (BTC) breaks above $7500, it will pull the rest of the market with it.
This will give Ethereum Classic (ETC) an extra kick that could see it surge to over $20. In short, Ethereum Classic (ETC) has more bullish momentum in it, than the rest of the market. This is mainly driven by the upcoming Coinbase listing. Until the listing actually happens, Ethereum Classic (ETC) will continue to be the crypto with the most bullish sentiment supporting its price action.
Digibyte (DGB): The other crypto that looks strongly bullish at the moment is Digibyte (DGB). While the rest of the market has eased up, Digibyte (DGB) is up by over 6%. In the day, it is in a clear uptrend having broken above the 100 and the 200 day moving averages a week ago. The RSI is also showing a reading of 63, which is a signal that bulls have control of this market.
In the next 24 hours, Digibyte looks set to hit $0.06. It could rise even further if bitcoin gains in value, and breaks above $7500. That’s because when an altcoin has strong market sentiment supporting it, a rise in the value of Bitcoin (BTC) tends to give it the impetus to gain by an even higher margin.
Looking at Digibyte on the basis of fundamentals, the increased momentum is based on the expanded awareness about its strong fundamentals. Thanks to the Digibyte awareness team, more people now know about the strengths of the Digibyte blockchain including its speeds, security, and its adherence to the true essence of decentralization. There is also an ongoing campaign to have Coinbase list Digibyte.
With the number of petitioners breaking above 10k, expectations are high that this listing will be possible in the near future. The recent interview of Jared Tate on CNBC has also added to the bullish sentiment around Digibyte (DGB). CNBC is a powerful and influential media house. Therefore, by having Jared on this platform highlighting the potential of Digibyte, the number of potential investors has also gone up.
These two cryptos stand the best chance to outperform the market in the next 24 hours. They have positive sentiment and fundamentals backing them up.