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ETH, XRP, LINK, BCH and DOT Price Analysis for January 3

Which altcoin out of the Top 10 can grow faster than the others?

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Cover image via www.tradingview.com

Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of CryptoComes. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

The year 2021 has begun with the continued sharp growth of the cryptocurrency market. Almost all coins from the Top 10 list are in the green zone, except for XRP whose rate has fallen by almost 20% over the last week.

Top 10 coins by CoinMarketCap
Top 10 Coins by CoinMarketCap

The main data for Ethereum (ETH), XRP, Chainlink (LINK), Bitcoin Cash (BCH) and Polkadot (DOT) today:

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Ethereum 

ETH

$95,065,334,352 $825.63 $28,088,160,457 12.93%

XRP

XRP

$10,152,204,346 $0.228587 $4,990,515,386 0.32%

Chainlink

LINK

$4,999,252,085 $12.43 $1,872,904,876 6.20%

Bitcoin Cash

BCH

$7,303,614,494 $393.53 $6,745,556,867 14.18%

Polkadot

DOT

$8,297,581,937 $9.28 $2,832,252,328 8.95%

ETH/USD

Ethereum (ETH) is the second fastest growing coin today. The rate of the main altcoin has risen by almost 13% over the last day.

ETH/USD chart by TradingView
ETH/USD chart by TradingView

On the weekly chart, Ethereum (ETH) has the potential to rise to the mirror level at $905. After that, there is a high chance of seeing a correction to the area around $600.

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However, the expected decline is considered not a short-term drop but the start of a bearish trend.

Ethereum is trading at $847.56 at press time.

XRP/USD

XRP is the worst gainer today as the rate of the altcoin has increased by only 0.32% over the previous 24 hours.

XRP/USD chart by TradingView
XRP/USD chart by TradingView

From the technical point of view, XRP has entered short-term growth after a sharp drop. There is a high concentration of liquidity at the current levels, which means that buyers are accumulating power for a future rise. All in all, if bulls hold the $0.22 mark, the next stop is $0.33. It may be achieved by the end of the current month.

XRP is trading at $0.2206 at press time.

LINK/USD

Chainlink (LINK) is no exception to the rule and has also begun long-term growth. Its price has increased by 6.20% since yesterday.

LINK/USD chart by TradingView
LINK/USD chart by TradingView

Even though Chainlink (LINK) has gone up significantly over the last day, it still has growth potential in the upcoming days. Such a statement is confirmed by the MACD indicator that has just entered the green zone. In addition, the buying trading volume is high enough for a price rise.

Chainlink is trading at $12.74 at press time.

BCH/USD

Bitcoin Cash (BCH) is the top gainer today as its rate has rocketed by 14.18% over the last day.

BCH/USD chart by TradingView
BCH/USD chart by TradingView

On the daily chart, Bitcoin Cash (BCH) might face a correction to the area around $370 before the growth continues. At the moment, bulls do not have enough power to keep the rise based on the low liquidity level.

Bitcoin Cash is trading at $394.30 at press time.

DOT/USD

Polkadot (DOT) has also demonstrated enormous growth recently. The price of the coin has risen by more than 80% over the last week.

DOT/USD chart by TradingView
DOT/USD chart by TradingView

Long-term growth remains the main scenario, however, the asset needs to face a correction to gain more power. The drop may last until the coin reaches the support at $7.82 where bulls may again seize the initiative.

Polkadot is trading at $9.45 at press time.

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Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and makes predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others, can be contacted at denys.serhiichuk@cryptocomes.com