XVG, EOS, ONT: 3 Cryptos Leading the Market Recovery

The crypto market is finally showing signs of life after a painful first quarter.
The add up importance of the complete cryptocurrencies, in addition notorious as add up to marketplace capitalization, jumped above $300 billion on Thursday and was most recent seen at $325 billion, the uppermost reading since March 26, according to CoinMarketCap.

Also, the full marketplace capitalization has jumped 31 percent in the week broken Friday.

The much-needed relief improve in the broad crypto markets may possibly be allied with bitcoin's 21 percent weekly gain. The world's prevalent cryptocurrency defended the type 50-week pathetic standard buttress in the at the outset partially of the week before rising to 2.5-week highs above $8,200 Friday.

Meanwhile, ethereum's native cryptocurrency, ETH, prized 38 percent week-on-week and is the top-performing foremost coin. Ripple's XRP and bitcoin money gained 32.8 percent and 23.9 percent, respectively.

However, a look at the performance of the top 25 cryptocurrencies by market capitalization reveals that verge's XVG token has outperformed its peers. Also, EOS and Ontology's ONT token have etched out impressive gains.

Verge

Weekly performance: +58.36 percent
All-time high: $0.30
Closing price on April 6: $0.058483
Current market price: $0.092619
Rank as per market capitalization: 20
Verge's XVG symbolic takes the top spot for the second week. The 58 percent stream may well be coupled with on the increase financier benefit in verge's mystery partnershipannouncement, scheduled for April 17.Speculation is assembly the rounds that an guardian angel investor, TokenPay, strength be complicated in the partnership. Also, a only some other names like Overstock.com, Amazon, eBay, are life scared out of your wits around across social media.

Also, XVG is the second the largest part actively traded cryptocurrency on Binance. Anticipation of the April 17 declaration will expected respect XVG recovered offer over the weekend. However, profit enchanting (sell the fact) after the message can force XVG lower. take notice of that the sell-off may well be abrupt if the publication fails to suffer finely tuned marketplace expectations.

Daily Chart

The relative strength index (RSI) shows overbought conditions, so the XVG token looks ripe for a pullback. Only a close below $0.05 (50-day moving average support) would signal invalidation of the bullish case.

EOS

Weekly performance: +55.68 percent
All-time high: $18.71
Closing price on April 6: $5.89
Current market price: $9.17
Rank as per market capitalization: 5

EOS picked up a bid on April 11 and jumped to $9.56 Friday on Bitfinex - its highest level since Feb. 20.

EOS chosen up a effort on April 11 and jumped to $9.56 Friday on Bitfinex - its record knock down since Feb. 20.

The developers a short time ago announced an eosDAC airdrop to the EOS gesture holders and the ensnare of assembly free capital by means of airdrop seems to take put a tender under the token. The airdrop is scheduled to go down on April 11. Thus, the coin will possible linger in need over the weekend.

However, EOS looks overbought, according to the precise chart below.

DAILY CHART
The relative strength index (RSI) has moved above 70.00, signaling overbought conditions. So, the resistance at $9.525 (38.2 percent Fibonacci retracement) could prove a tough nut to crack.

That said, the 5-day moving average and the 10-day MA are biased bullish (rising). So, the pullback could be short-lived. Only a close below $7.28 (March 21 high) would invalidate the bullish view.

Ontology
Weekly performance: +52.94 percent
All-time high: $4.77
Closing price on April 6: $3.06
Current market price: $4.68
Rank as per market capitalization: 22
Ontology is a new, high-performance in the public domain blockchain plan and a circulated confidence collaboration platform that includes a sequence of perfect strewn ledgers and smart narrow systems, according to the official website. The developers control on the rampage the opening adaptation of the roadmaps and the original projects are live on GitHub.

Ontology's ONT proof has completed it to the make a list of crown 25 cryptocurrencies by marketplace capitalization in emphatically four weeks from inception. The nominal began trading at $1.36 on March 15, significance it has rallied a staggering 250 percent in four weeks, according to CoinMarketCap.