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The crypto moon continues as the price of Bitcoin currently hovers at the $9,400 mark with several indications that it could cross the $9,500 resistance point or go beyond as it did few days back, yesterday and the early hours of today.
As expected major altcoins have also made huge gains within the last 24 hours as we hit the start of the week.
Two coins that have been impressive within this period are Tron and Vechain. Tron, in particular, has enjoyed waves of positive developments last week before the current bullish run started.
Tron has been following the upward trend which has engulfed the crypto market. In the last 24 hours, it gained 22.34% and after comfortably crossing $0.020 mark it is anticipated to be moving towards $0.023. There have been previous price swings within the $0.19 and $0.023.
Tron (VET) Price Analysis
TRX price opened the day, trading at 0.0163 USD and had its first major spike at 15.49 UTC. From there it went on to add about 15% to be placed at 0.019 USD by 23.40 UTC.
The second variation occurred between 23.45 UTC and 01.10 UTC. Within this period it scaled as high as 0.022 which was the highest mark for the day.
However, from 01.13 UTC, it weakened its position with an intermittent spike at 1.13 before a gradual descent which culminated in its current value of $0.020123. The market Cap of Tron has also seen a massive increase during this period from $1.09billion to its current value of 1.3 billion.
Vechain (VET) Price Analysis
Vechain was also among the major gainers in the last 24 hours. Its native Token VET gained 16.30% during the last 24 hours of trading to finish at its current value of $0.004017 per unit.
Vechain began the day trading at $0.003 however a series of events will see the crypto embark on a double-digit gain within this period.
The first major spike occurred at 16.47 UTC when the coin broke through the $0.004 and hit $0.00438. The coin then achieved its peak value for the day seven hours later hitting $0.488 mark t 01.42 UTC.
However, VET suffered a downward descent from there with the coin losing around 14 percent of its value to settle at its current price of $0.004017. Overall it was a good period of trading for Vechain which looks to rally this week to cross the physiological barrier of $0.0045.