Market Analysis: BNB Falters as XRP, ADA, and TON Lead Weekly Gains
- BNB price declines by 1.25% while XRP, ADA, and TON see gains.
- Cardano and XRP approach overbought levels, indicating potential declines.
- BNB and TON show rising volatility, suggesting possible price surges.
Altcoin prices recorded mild increases in the last seven days. While some performed better, others struggled to maintain the momentum. One of those facing difficulties was Binance Coin (BNB).
According to CoinMarketCap, BNB’s price declined by 1.25% over the past week. However, Ripple (XRP), Cardano (ADA), and Toncoin (TON) showed notable performance. As of press time, XRP’s price increased by 4.02%, ADA’s value rose by 8.10%, and TON moved up by 7.05%.
Despite the weekly gains, some tokens have failed to sustain their increases in the last 24 hours. This article by Coin Edition examines the performance of XRP compared to ADA, and BNB against TON.
XRP vs. ADA
When compared with ADA, XRP underperformed. ADA’s returns were consistently higher, averaging 5% more than XRP.
Furthermore, Coin Edition looked at the Money Flow Index (MFI) and noticed that it was 85.51. Reading over 80.00 implies that an asset is overbought. When the MFI is 20.…
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