SACRAMENTO, Calif. – In this market sentiment analysis, the current factors driving virtual currencies such as Bitcoin (BTC), Monero (XMR), and IOTA (MIOTA) are their trading prices. Notable price movements indicate the level of investor’s interest, whether they should buy or wait until prices are favorable for themselves already.
1) Bicoin (BTC)
Bitcoin (BTC) is enjoying a positive momentum even if it stays a little south of $7,000. One possibility is the increased interest by investors for the cryptocurrency world’s crown jewel. Moreover, surging trade volumes explain this bullish development from the neighborhood of $3.8 billion to $4.2 billion.
With 257 remarks of Bitcoin (BTC) in diverse platforms, at least 70% of them are affirmative mentions. Currently trading at $6,827.92, a steady streak holds true for Bitcoin, with a possibility of a decisive push back north of $7,000.
2) Monero (XMR)
Isolated gains go to Monero (XMR) akin to the rest of the digital currency market. Flat trading volumes indicate the dearth of investors driving the virtual currency’s trading price.
Investors’ indecision regarding Monero (XMR) is shown with a tight 57% positive and significant 42% negative remarks within the 28 times it has been mentioned on various platforms. Trading at $168.95 at the time of writing, this virtual currency can achieve more gains if it sustains a higher price level.
3) IOTA (MIOTA)
A bullish market sentiment is what IOTA (MIOTA) is demonstrating at the moment. Currently trading at $1.05, a positive trend is presented to investors who are getting interested in this virtual currency. Substantial value gains are possible if IOTA (MIOTA) stays above the $1.08 level in the days to come.
Also, the substantial 72% positive remarks it gained in diverse platforms mean more investors are starting to like IOTA (MIOTA). More future gains are in sight if this virtual currency continuously stays above the $1 mark.
Current market sentiment for Bitcoin (BTC), Monero (XMR), and IOTA (MIOTA) are primarily technical-based, with their trading prices edging north of their respective critical price levels. This market sentiment analysis indicates that more interested investors are necessary to boost these cryptocurrencies’ trading prices.