The majority of the assets in the market are consolidating higher after recovering from the slide that took place in the previous week. Though, most of the coins have made slight downside corrections during the intraday trading on Monday 21. Some assets present the best buy opportunities when compared to their potential growth in the next one to six months. Therefore, we will dive into the hottest coins in the market at the moment, VeChain (VEN) and Bytom (BTM).
VeChain is one of the leading blockchains in the cryptocurrency industry as we speak. It is an enterprise level public platform that has a vision of connecting the physical world to the cryptocurrency space. Moreover, it aims at enabling comprehensive structure for governance as well as a solid economic model with a touch of the Internet of Things (IoT). It also supports the creation of decentralized applications.
VeChain has been in the limelight in the recent past, with its impressive technology, a proper roadmap that is strictly adhered to and its price that has been in an uptrend despite the negative pressure across the market. The network has released its highly anticipated VeChain Thor blockchain and even rebranded itself from VEN to VET. The exchanges and platforms like CoinMarketCap have not updated the new initials for the asset.
VeChain (VEN) has also been landing major partnerships with leading global brands, the latest being the prestigious car manufacturer, BMW. This partnership could lead to a spike in VeChain price, which is currently trading at $4.32, although it exchanged above $5.0 on Sunday 20 and the early hours of Monday 21. Investing could be a good decision because the currency shows high growth potential and the team is very active in ensuring that updates are released on time while keeping the vision alive.
Bytom (BTM) is what you would call an ambitious project, however, the team is also very focused on achieving the vision of the project. The digital asset is based in China and is working on becoming the single largest blockchain in the industry by unifying multiple assets into a single blockchain solution. They intend to achieve this by ensuring off-chain assets are on-chain. The team has taken an entirely different method as compared to other interoperability platforms. Bytom focuses on ‘atomic assets’ as opposed to blockchains and their interaction. The ‘atomic assets include securities, dividends, warrants, bonds and intelligence information among other assets that can be traded.
Bytom (BTM) price is surging at the moment and is among the biggest gainers in the market. The cryptocurrency is ranked the 34th by market capitalization. Since the mainnet launch on April 24, the cryptocurrency has been on an upside roll even breaking above the main resistance at $0.70. The last release feature in the mainnet is the blockchain explorer which should be released by the end of May. Besides, Bytom has created its own wallet that is both web-based and desktop. Moreover, it is planning on launching a mobile wallet soon.
Bytom (BTM) price is currently trading at $0.72 and is recording a 1.94% increase in price in the last 24 hours. The buyers are looking forward to $1.0 but there is resistance at $0.9 that must be overcome. The crypto has a market capitalization of $710 million at the time of writing while the coins in circulation are 987,000,000 BTM. Significantly, its trading volume has been increasing and stands at $127,940,000 according to CoinMarketCap.