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Monthly Analysis: BTC, ETH, XRP, TON, RUNE

source-logo  blockchainreporter.net 02 September 2023 11:12, UTC

Bitcoin (BTC) analysis

This month has had quite various activities, with most assets making gains over the 30 days while others failed to post gains. Bitcoin (BTC), the number one crypto in the world, could not post gains this month as the asset now trades 10% below its previous 30-day price as it now trades at $25.7K.

Bitcoin’s volatility levels have been relatively high, as seen from the Bollinger band movements, which have been far apart according to the monthly charts. The RSI is, however, moving above its average line showing bull dominance over the month as the MACD indicator also shifts to the green zone.

BTC 1-day chart | Source: TradingView

Ethereum (ETH) analysis

ETH has also failed to post gains over the month as the asset ends the month trading 11% below its previous 30-day price, as the asset’s spot price now stands at $1,631 as of press time. Eth’s volatility levels have also been high over the month, as shown by the Bollinger bands which are far from each other.

The relative strength indicator also moves below the average line showing that bears dominated most of the month as the MACDalso moves in the red zone.

ETH 1-day chart | Source: TradingView

Ripple (XRP) analysis

XRP has also failed to post gains over the month as the asset ends the month trading 28% below its previous 30-day price, as the asset’s spot price now stands at $0.4998 as of press time after what seems a tough month.

XRP’s volatility levels have been low over the month, as shown by the Bollinger bands which are not far from each other. The relative strength indicator is however above the average line showing some bull effort over the month. The MACD is also moving in the green zone.

XRP 1-day chart | Source: TradingView

Toncoin (TON) analysis

TON has posted impressive gains over the month as the asset ends the month trading 57% above its previous 30-day price, as the asset’s spot price now stands at $1.91 as of press time. Ton currently holds a market cap of $6.5B as the trading volume stood at $36M as of press time.

TON 1-day chart | Source: CoinMarketCap

THORChain (RUNE) analysis

THORChain is another great gainer this month as the asset trades 30% above its previous 30-day price. RUNE now holds a spot price of $1.55. RUNE’s market cap is currently at $527M as the asset stands out in what seems to have been a month dominated by bears. The trading volume also currently stands at $61M.

RUNE 1-day chart | Source: CoinMarketCap

Other gainers this month are Astar (ASTR) which has gained 8.4% over the month and is now at $0.05601 while Gemini Dollar (GUSD) also trades 2% above its previous 30-day price holding a spot price of $0.9975.

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