{"id":534547,"date":"2023-05-23T05:43:29","date_gmt":"2023-05-23T05:43:29","guid":{"rendered":"https:\/\/wncen.com\/?p=534547"},"modified":"2023-05-23T05:43:29","modified_gmt":"2023-05-23T05:43:29","slug":"top-5-cryptos-seen-making-big-moves","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/top-5-cryptos-seen-making-big-moves\/","title":{"rendered":"These Top 5 Cryptos Are Seen Making Big Moves This Week"},"content":{"rendered":"

The top 5 cryptos are treading cautiously as Bitcoin enters its narrowest trading range, reminiscent of July 2020 prices, according to Glassnode<\/span><\/a>. Consolidating within its tightest seven-day range in three years, Bitcoin’s movement indicates an imminent significant shift in the days ahead.<\/p>\n

Amidst the cautious sentiment in the broader financial market following a recent debt ceiling meeting, which has prompted bearishness<\/span><\/a>, there is a possibility that the bearish trend affecting Bitcoin could extend to the crypto market in the medium to long term. However, these top 5 cryptos hold the potential to shield against significant downside risks and offer investors profitable returns once bullish sentiment returns to the markets.<\/p>\n

Related Reading: Shiba Inu Struggles To Initiate A Breakout: Will It Defy Resistance And Rebound?<\/a><\/div>\n

Top 5 Cryptos Expected To Make Big Moves In Coming Days<\/strong><\/h2>\n

KAVA<\/strong><\/p>\n

With the successful <\/span>launch<\/span><\/a> of the ecosystem\u2019s Kava 13 mainnet, its governance token KAVA made some impressive stats. According to <\/span>CoinGecko<\/span><\/a>, the token is up 50% in the past two weeks. The increased utility and scalability of the newly launched mainnet will surely contribute to KAVA\u2019s future performance.\u00a0<\/span><\/p>\n

\n

SUCCESSFUL LAUNCH: #KAVA<\/a> 13 Mainnet is LIVE \ud83d\ude80 pic.twitter.com\/wU3peIIMe7<\/a><\/p>\n

\u2014 Kava (@KAVA_CHAIN) May 18, 2023<\/a><\/p><\/blockquote>\n

At the moment, the token\u2019s $0.8465 support level holds the key toward a bigger upside. The current price movement of the token suggests a drop in value might occur in the coming days. Defending this price point will be crucial to target $1.4 resistance in the coming days.\u00a0<\/span><\/p>\n

SNX<\/strong>\u00a0<\/span><\/p>\n

Powering synthetic assets on the blockchain, Synthetix\u2019s governance token SNX continues to go against the market\u2019s current movement. As of writing, the token is <\/span>up<\/span><\/a> an impressive 15% in a market where major cryptocurrencies lost value. <\/span>Lyra<\/span><\/a>, a new options market maker on the block, will also integrate Synthetix perpetuals in its Newport upgrade which will bring more attention to Synthetix.\u00a0<\/span><\/p>\n

For investors, holding $2.334 will be important for future price actions. However, SNX\u2019s correlation with Bitcoin might pose a problem in the short term. Despite this, $2.334 should be able to hold against any bearishness in the medium to long term.<\/span><\/p>\n

TRX<\/strong><\/p>\n

The recent conclusion of Tron\u2019s HackaTron Season 4 produced winners that will help develop DeFi and crypto as a whole. It gave TRX a boost away from the market\u2019s current slippage. Coingecko data <\/span>reveals<\/span><\/a> that the token\u2019s value has increased by 11% since last week.\u00a0<\/span><\/p>\n

The token\u2019s current trajectory places it as a prime target for the bears. After nearly a month of continuous gains, investors should be ready for a drop toward $0.06544 in the short term. Despite this, the bulls should be able to target $0.08092 in the long term once the market cools down its bearishness.\u00a0<\/span><\/p>\n

\n

Thrilled to announce our official integration with @Port3Network<\/a> ‘s SoQuest platform \ud83c\udf89!<\/p>\n

Now, you can utilize SoQuest to earn valuable rewards \ud83c\udfc6, craft your unique on-chain identities \ud83c\udd94, and explore so much more!<\/p>\n

Buckle up for this exhilarating blockchain journey! \ud83d\ude80 https:\/\/t.co\/l07MVJtaVz<\/a><\/p>\n

\u2014 Conflux Network Official (@Conflux_Network) May 17, 2023<\/a><\/p><\/blockquote>\n

CFX<\/strong><\/p>\n

Conflux has been able to keep building despite the market conditions present with <\/span>multiple integrations<\/span><\/a> on other networks. These developments positively affected CFX\u2019s price, with the token <\/span>up<\/span><\/a> nearly 30% in the past two weeks, making it one of the biggest gainers in the market.\u00a0<\/span><\/p>\n

As of writing, bulls are trying to recover $0.3128. A return on this level will provide a solid support level for CFX to settle above $0.4215 in the coming days or months. However, investors and traders should monitor Bitcoin\u2019s future price movements as the two assets are historically correlated with each other.<\/span><\/p>\n

<\/p>\n

Crypto total market cap nearly unchanged at $1.06 trillion on the daily chart at TradingView.com<\/a><\/pre>\n
Related Reading: Role Reversal: Ethereum Defies Expectations With Lower Volatility Than Bitcoin<\/a><\/div>\n
\n
LTC’s Hashrate is a prime metric and plays a crucial role in the strength and security of the Litecoin network.<\/p>\n
The future is bright #Litecoin<\/a> \u26a1 pic.twitter.com\/9Gff8Iqk6K<\/a><\/p>\n
\u2014 Litecoin (@litecoin) May 22, 2023<\/a><\/p><\/blockquote>\n
LTC<\/strong><\/p>\n
Being the oldest crypto on the list, Litecoin holds itself higher than the others listed. <\/span>Boasting<\/span><\/a> a very high hashrate, this coin <\/span>proves<\/span><\/a> to be a reliable way to transact in everyday life. Due to these factors, LTC is up nearly 17% since last week.\u00a0<\/span><\/p>\n
Bitcoin\u2019s movement toward a tight trading range is affecting LTC\u2019s future performance. At the moment, the asset is holding above $89.32 which can open the path towards higher gains. For the long term, investors and traders should be able to target $100 to secure a bigger upside.\u00a0<\/span><\/p>\n
-Featured image from Futurist Speaker<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"
The top 5 cryptos are treading cautiously as Bitcoin enters its narrowest trading range, reminiscent of July 2020 prices, according to Glassnode. Consolidating within its tightest seven-day range in three years, Bitcoin’s movement indicates an imminent significant shift in the days ahead. Amidst the cautious sentiment in the broader financial market following a recent debt ceiling meeting, which has prompted bearishness, there is a possibility that the bearish trend affecting Bitcoin could extend to the crypto market in the medium to long term. However, these top 5 cryptos hold the potential to shield against significant downside risks and offer investors profitable returns once bullish sentiment returns to the markets. Related Reading: Shiba Inu Struggles To Initiate A Breakout: Will It Defy Resistance And Rebound? Top 5 Cryptos Expected To Make Big Moves In Coming Days KAVA With the successful launch of the ecosystem\u2019s Kava 13 mainnet, its governance token KAVA made some impressive stats. According to CoinGecko, the token is up 50% in the past two weeks. The increased utility and scalability of the newly launched mainnet will surely contribute to KAVA\u2019s future performance.\u00a0 SUCCESSFUL LAUNCH: #KAVA 13 Mainnet is LIVE \ud83d\ude80 pic.twitter.com\/wU3peIIMe7 \u2014 Kava (@KAVA_CHAIN) May 18, 2023 At the moment, the token\u2019s $0.8465 support level holds the key toward a bigger upside. The current price movement of the token suggests a drop in value might occur in the coming days. Defending this price point will be crucial to target $1.4 resistance in the coming days.\u00a0 SNX\u00a0 Powering synthetic assets on the blockchain, Synthetix\u2019s governance token SNX continues to go against the market\u2019s current movement. As of writing, the token is up an impressive 15% in a market where major cryptocurrencies lost value. Lyra, a new options market maker on the block, will also integrate Synthetix perpetuals in its Newport upgrade which will bring more attention to Synthetix.\u00a0 For investors, holding $2.334 will be important for future price actions. However, SNX\u2019s correlation with Bitcoin might pose a problem in the short term. Despite this, $2.334 should be able to hold against any bearishness in the medium to long term. TRX The recent conclusion of Tron\u2019s HackaTron Season 4 produced winners that will help develop DeFi and crypto as a whole. It gave TRX a boost away from the market\u2019s current slippage. Coingecko data reveals that the token\u2019s value has increased by 11% since last week.\u00a0 The token\u2019s current trajectory places it as a prime target for the bears. After nearly a month of continuous gains, investors should be ready for a drop toward $0.06544 in the short term. Despite this, the bulls should be able to target $0.08092 in the long term once the market cools down its bearishness.\u00a0 Thrilled to announce our official integration with @Port3Network ‘s SoQuest platform \ud83c\udf89! Now, you can utilize SoQuest to earn valuable rewards \ud83c\udfc6, craft your unique on-chain identities \ud83c\udd94, and explore so much more! Buckle up for this exhilarating blockchain journey! \ud83d\ude80 https:\/\/t.co\/l07MVJtaVz \u2014 Conflux Network Official (@Conflux_Network) May 17, 2023 CFX Conflux has been able to keep building despite the market conditions present with multiple integrations on other networks. These developments positively affected CFX\u2019s price, with the token up nearly 30% in the past two weeks, making it one of the biggest gainers in the market.\u00a0 As of writing, bulls are trying to recover $0.3128. A return on this level will provide a solid support level for CFX to settle above $0.4215 in the coming days or months. However, investors and traders should monitor Bitcoin\u2019s future price movements as the two assets are historically correlated with each other. Crypto total market cap nearly unchanged at $1.06 trillion on the daily chart at TradingView.com Related Reading: Role Reversal: Ethereum Defies Expectations With Lower Volatility Than Bitcoin LTC’s Hashrate is a prime metric and plays a crucial role in the strength and security of the Litecoin network. The future is bright #Litecoin \u26a1 pic.twitter.com\/9Gff8Iqk6K \u2014 Litecoin (@litecoin) May 22, 2023 LTC Being the oldest crypto on the list, Litecoin holds itself higher than the others listed. Boasting a very high hashrate, this coin proves to be a reliable way to transact in everyday life. Due to these factors, LTC is up nearly 17% since last week.\u00a0 Bitcoin\u2019s movement toward a tight trading range is affecting LTC\u2019s future performance. At the moment, the asset is holding above $89.32 which can open the path towards higher gains. For the long term, investors and traders should be able to target $100 to secure a bigger upside.\u00a0 -Featured image from Futurist Speaker<\/p>\n","protected":false},"author":557,"featured_media":534558,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[142,1144,14690,1557,8686,3505,88041],"class_list":["post-534547","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-altcoins","tag-btcusd","tag-crypto-news","tag-cryptocurrencies","tag-ethusd","tag-price-analysis","tag-top-5"],"acf":[],"yoast_head":"\nThese Top 5 Cryptos Are Seen Making Big Moves This Week<\/title>\n<meta name=\"description\" content=\"The top 5 cryptos are treading cautiously as Bitcoin enters its narrowest trading range, reminiscent of July 2020 prices, according to Glassnode.\" \/>\n<meta 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But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. 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Encila","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/42cdb81dcbfceaa5f2e5c359239db36f?s=96&d=mm&r=g","caption":"Christian Encila"},"description":"They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats \u2013 a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin\u2019 helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words \u2013 the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.","sameAs":["jomarjet01"],"url":"https:\/\/wncen.com\/author\/jomarjet01\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"These Top 5 Cryptos Are Seen Making Big Moves This Week","url":"http:\/\/wncen.com\/news\/top-5-cryptos-seen-making-big-moves\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/top-5-cryptos-seen-making-big-moves\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-128.png?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-128.png?fit=699%2C464"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Christian Encila"}],"creator":["Christian Encila"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["altcoins","btcusd","crypto news","cryptocurrencies","ethusd","price analysis","top 5"],"dateCreated":"2023-05-23T05:43:29Z","datePublished":"2023-05-23T05:43:29Z","dateModified":"2023-05-23T05:43:29Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"These Top 5 Cryptos Are Seen Making Big Moves This Week\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/top-5-cryptos-seen-making-big-moves\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/top-5-cryptos-seen-making-big-moves\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/a-128.png?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/05\\\/a-128.png?fit=699%2C464\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Christian Encila\"}],\"creator\":[\"Christian Encila\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"altcoins\",\"btcusd\",\"crypto news\",\"cryptocurrencies\",\"ethusd\",\"price analysis\",\"top 5\"],\"dateCreated\":\"2023-05-23T05:43:29Z\",\"datePublished\":\"2023-05-23T05:43:29Z\",\"dateModified\":\"2023-05-23T05:43:29Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2023\/05\/a-128.png?fit=699%2C464","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/534547","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/557"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=534547"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/534547\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/534558"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=534547"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=534547"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=534547"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}