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- 【Gate Daily Market Digest】📊
Unlock today’s key crypto market insights at a glance!
Top Gainers⭐️ $TQ $GOCHU $VELAAI $BUBB $XPRESS
Trending Coins🔥 $ZBCN $TQ $WCT $EIGEN $MXC
#FearGreedIndex# #TopGainers#
- #Digital Asset Market Clarity Act#
US House Republicans have introduced the Digital Asset Market Clarity Act to clarify crypto regulations. The bill gives the CFTC exclusive authority over digital commodity spot markets, and crypto platforms can register with either the CFTC or SEC. Will this reshape crypto regulation? What’s your take?
#Trump Tariff Update#
A US appeals court has reinstated Trump-era tariffs during the appeal, and further tariff hikes (up to 15% for 150 days) are being considered. Could these tariffs return? How might this affect the crypto market?
#Nvidia Tops Global Marke
5 Cryptocurrencies Expected to Make Big Moves in the Coming Days
$Kava$
According to the data, the token is up 50% in the past two weeks. The increased utility and scalability of the newly launched mainnet will definitely help KAVA's future performance. Currently, the coin’s $0.8465 support level is key for a bigger upside. The current price action of the coin suggests that a drop in value may occur in the coming days. Defending this price point will be crucial to target the $1.4 resistance level in the coming days.
$SNX$
The token is currently up an impressive 15% in a market where major cryptocurrencies are depreciating. New options market maker Lyra will also integrate Synthetix perpetuals in its Newport upgrade, which will bring more attention to Synthetix. For investors, holding $2.334 is important for future price action. However, SNX’s correlation with Bitcoin may cause problems in the short term. Nonetheless, $2.334 should hold up against any bearishness in the medium to long term.
$TRX$
Tron's HackaTron Season 4 recently concluded with winners that will help grow DeFi and cryptocurrencies as a whole. It has lifted TRX out of the market's current decline. The token’s value has risen 11 percent since last week, the data showed. The coin’s current trajectory makes it a prime target for bears. After rising for almost a month, investors should brace for a dip to $0.06544 in the short term. Nonetheless, the bulls should be able to target $0.08092 in the long-term once the bearish sentiment in the market cools down.
$CFX$
The token has rallied nearly 30% over the past two weeks, making it one of the market's top gainers for equity tokens. Currently the bulls are attempting to recover $0.3128. A return to this level would provide solid support for CFX to close above $0.4215 in the days and months ahead. However, investors and traders should monitor Bitcoin's future price action, as the two assets have historically been correlated.
$LTC$
LTC is up nearly 17% since last week. Bitcoin's move towards a tight trading range is affecting LTC's future performance. Currently, the asset is holding above $89.32, which could open the way for higher gains. In the long run, investors and traders should be able to target $100 to secure more upside.
(Data source: Christian Encila)