How has nCash Performed Compared to Peers

2018년 11월 2일

nCash was not immune to the massive sell off that we witnessed in the Cryptocurrencies entering into 2018. However, what’s interesting is why the nascent token held firmly during the extreme volatility when compared to peers. Over the past few months we have witnessed the virtual coins wiping out as much as 90% of their value with the major ones nearly halving from their all-time highs. So how has nCash performed compared to other coins?

Comparison with Market Leaders

Although nCash did participate in the downward spiral, the impact was relatively a lot lower. If we compare the performance of nCash against the Top 100 coins by market capitalisation on Feb 25 2018 (when nCash listed at $0.01) up until 14 August 2018, we can see that nCash was amongst the top 20 best performers, or in the top quartile.

Comparison with Peers

Notably, nCash has also outperformed the tokens that were launched around the same time as it was launched. For instance, tokens such as Lympo and Rentberry, that issued around the same time as nCash, have lost 84.33% and 88.89% respectively.

Technical Analysis

We witnessed the breakout from ‘Descending Triangle Pattern’ with above average volumes over past couple of weeks. Since August, Relative Strength Indicator inched higher even when the price was flat indicating near term upside for nCash.

https://cdn-images-1.medium.com/max/1200/0*NfswUSOf1vZJbthc

Since the high of 0.00000095, counter has witnessed healthy correction representing a good opportunity for the investors to initiate their position. However, buying around 0.00000080 would be a wise move. Crucial level to watch out for would be 0.00000074 (breakout level). Near term resistance that the trader should watch out for would be 0.00000096