Data shows that buying the worst-performing cryptos on a daily basis can provide a better risk-adjusted-performance than just buying the best-performing cryptocurrencies.
The price of Tezos(XTZ) has been going steadily up by the Tezos protocol upgrade activation at block 851,969 yesterday as it continues to climb higher.
Steering clear of the major support and resistance levels, Tezos recovered and is up from $2.62 on Monday and currently sitting at $3.14.
For the bulls, Bitcoin would need to break out from $9,543 levels to form a near-term bullish trend.
This week MATIC has gained a moment and is currently up with the astonishing 25% this week.The biggest gainers of the day
Across the rest of the top 50 biggest gainers on Coinmarketcap, the most noticeable ones are:
What is COTI?
COTI is an enterprise-grade FinTech platform that enables cross-chain interoperability and is built on its own DAG-based chain. It supports scalability and low transaction costs and is supplemented with payment-specific requirements in the form of COTI Pay, a digital payment solution. COTI Pay empowers enterprises and merchants to receive multiple payment methods and build their own payment networks and Coin as a Service (CaaS).
What is MobileGo?
MobileGo (MGO), a cryptocurrency that offers in-game rewards. Its ultimate goal is to 'make games available to everyone'. With the beta release of its eSports platform, the MGO token is used as a match reward and entrance fee for tournaments. It also enables holders to earn discounts for in-game purchases. Users can earn Gshare Gold, which enables participation in Gshare Gold fee-based tournaments. It supports HTML5 games on PC and mobile.
What is Hedera Hashgraph?
Hedera describes itself as a decentralized public network that aims to allow anyone to transact, play, and socialize in a secure, trusted environment.
What is Airbloc?
Airblock is redefining how data is collected, monetized and utilized. Enterprise-grade data infrastructure for transparent user data collection, monetization and exchange.
Smaller altcoins overview of the week
After a very strong bear pressure shown this week, Evedo(EVED) token is down this week approximately with 40%.
Aeron(ARN) is gaining momentum and it currently stands at $0.1377.
On March 4 CryptoBonusMiles updated its mobile app to v1.1 with Booking affiliate partner programme integrated. However, this didn't seem to have helped for the price of the CBM token as this week it continues to fall and it is currently sitting at $0.000033.
The week has been very tough with high volatility in both Bitcoin and altcoins markets. Some of the external factors for this is the global spread of the coronavirus and its affect on the global economies and the stocks markets.