- A look at the top five positive sentiment coins in the past seven days.
- Bitcoin has increased 7% in the past seven days.
- Litecoin, Dogecoin, XRP, and Monero are also on the list.
Last month was a rocky one for the crypto industry, and as it wrapped up, here is a look at the top five positive sentiment cryptocurrencies in the past week, as ranked by Coingecko.
Last month’s turbulence in the crypto markets put Bitcoin (BTC) on the verge of a historic nine-week losing streak. Nonetheless, as the top cryptocurrency surged in the late hours of Sunday to a seven-day high of $30,723, that scenario was nearly averted. The current price of Bitcoin is $31,693, an increase of 7 percent over the past week.
Similarly, with its price at $68.49, Litecoin is the second on the top positive sentiment coins. In yesterday’s trading, the digital currency gained support around $65.90 and is currently looking to maintain its positive trend.
Since last week, Litecoin has been on a roll as it aims to maintain its positive trend in the coming days. Support has been established in the area of $65.90, while there is resistance in the area of $69.56. Litecoin’s price has finally broken through and is trading at $68.49 at the time of writing.
The third coin on the list is Dogecoin. For six months, Dogecoin’s price has fallen by about 59 percent. It has dropped significantly from its all-time peak in May 2021 of around $0.70. It’s widely believed that a massive selloff after the coin’s meteoric rise in the first half of 2021 sparked this price movement. The price of DOGE is now $0.08724, up over 5% in the previous seven days as of the time of this writing.
Even though Ripple (XRP) fell below $0.38 on May 26, the bears were unable to keep up the selling. The downtrend line was crossed on May 28th, and the rebound began. XRP’s price is now below the critical $0.40 level, indicating more losses. To put it another way, the amount of buyers and sellers in the market has grown, and this might mean a test of $0.41 in the near future if bulls can maintain their advantage. At the time of this writing, XRP is trading at $0.4171, up 3.86 percent over the previous week.
The fifth top positive sentiment coin is Monero (XMR). A 44.87 percent increase from $156 on February 4 to $226 on May 5 has been seen in XMR during the previous three months. In light of the current interest in privacy tokens, crypto traders are eager to see where the DeFi asset will go next.