Cryptos see trend up but downside risks intact

The cryptocurrency market has spent a better part of the last 24 hours consolidating around the current levels in swing trading with potential upward traction building up. Each crypto coin has gained about 1.93% on average over this period.

However, the unusual uptrend over the weekend has yet to find any solid fundamentals to sustain current levels. We will likely see more downside breakouts during the week. 

The entire market has almost been closely moving in lockstep with bitcoin which has been used as a guide by traders to make their bets. Crypto markets operate 24/7, setting the stage for price swings at unpredictable hours.

Bitcoin is trading at US $47,720. Second largest digital token ether is up 3.7% to US $3,390.

Among Top 10 big caps, ChainLinkToken (LINK) is the best performer up 4.3% in 24 hours.

At press time, Top 10 variable-price crypto coins by market cap:

CryptoUSD24HCap
Bitcoin (BTC)$47,7200.4%$898B
Ethereum (ETH)$3,3903.7%$399B
Ripple (XRP)$1.042.6%$104B
Cardano (ADA)$2.251.9%$72.8B
Binance Coin (BNB)$4273%$71.9B
Solana (SOL)$1400.2%$41.7B
Polkadot (DOT)$320.7%$35.8B
Dogecoin (DOGE)$0.220.6%$28.7B
ChainLinkToken (LINK)$274.3%$27B
Uniswap (UNI)$26.21.9%$26.2B

Not all currencies moved in line with the market trend over the past 24 hours, as shown bellow in the top and bottom performers.

Out of the relatively known digital coins, here are Top 10 cryptos that are doing better than the market over the day:

CryptoUSD24HCap
SwarmCity (SWT)$0.0680.5%$0.0005B
NOW Token (NOW)$0.0739.7%$0.006B
OmiseGO (OMG)$17.334.4%$2.4B
DENT (DENT)$0.00628.5%$0.6B
Tezos (XTZ)$8.0522.3%$7.2B
Qtum (QTUM)$14.621.7%$1.5B
Nano (NANO)$5.3714.3%$0.7B
HBAR (HBAR)$0.4114.1%$4.3B
Icon (ICX)$2.1513.9%$1.9B
CryptoSoul (SOUL)$0.612.6%$0.06B

10 underperforming cryptocurrencies over the past 24 hour period:

CryptoUSD24HCap
Monaco (MCO)$7.16-14.3%$0.23B
Credits (CS)$0.04-9.3%$0.009B
Celer (CELR)$0.14-8.9%$1.4B
Humaniq (HMQ)$0.006-7.6%$0.0011B
Patientory (PTOY)$0.014-7.4%$0.001B
Lunyr (LUN)$0.19-7%$0.00044B
Constellation (DAG)$0.2-6.4%$0.26B
Hydro (HYDRO)$0.018-6.2%$0.0013B
HEX (HEX)$0.42-4.5%$0.024B
ShareToken (SHR)$0.03-4.1%$0.07B

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