The crypto market dip continues, cutting across the market with close to 95 percent of all tokens posting a red signal. The overall crypto market has been on a bearish move since December 2017 after most tokens attained all-time highs.
The scalability and the governance system have proven to be a crucial issue affecting all the cryptocurrencies. The BAT coin, SUB, ZRX, PIVX, Tenx may not appear close to the top 50 but their price analysis and future goals seem promising.
The BAT is experiencing a continued bearish trend with small wins. The trend begins after attaining its all-time high at 0.00007BTC. It currently trades at 0.00003BTC with no signs of sustainable bullish power. However, the price is expected to accumulate at the 0.00003BTC mark before falling further.
The Substratum (SUB) contributes to making the internet more decentralized, secure, private and provide decentralized storage & serving of content.
The SUB coin has been on a bearish trend since Jan 9th and maintained the trend and managed to break before suppressing a critical support at 0.000044BTC. The coin has made some gains previously before falling to a new low. Based on the stochastic RSI indicator, the SUB coin is currently recovering from the oversold point, but likely to accumulate at 0.000056BTC.
The ZRX is the native token of the 0x protocol – an open, permissionless protocol that allows for the decentralized exchange of ERC-20 tokens on the Ethereum blockchain.
Like other tokens, the ZRX is experiencing a bearish trend with small gains made. The ZRX currently trades at 0.00007BTC. The ZRT is expected to attain a price of 0.00008BTC before making any further dips. The Stochastic RSI indicator supports the analysis as the ZRT tries to gain from the oversold point.
The PIVX is based on the Proof of Stake (PoS) consensus system algorithm that aims at allowing owners of PIVX tokens to earn block rewards as they secure network.
PIVX has maintained a bearish trend clearly visible on the weekly chart. The token has maintained the head to shoulder pattern, but with a general bearish trend. The Stochastic RSI indicator further indicates the head to shoulder trend as bull power is increasing.
The PAY coin has marketed itself as the best solution to all traveling problems. It provides access to multiple virtual currencies across different blockchains through the TenX card.
The PAYBTC has been on a bearish trend with the trend expected to continue to its critical support at 0.000108BTC before any price changes happen. The Stochastic RSI indicator supports the analysis with an ending overbought turning point.