Cryptocurrencies: March 2020 has closed in the red

[vc_row][vc_column][vc_paragraph text=”At the end of March the crypto world demonstrated the upward trend. But it doesn’t override the coins’ strong negative performance and double-digit decline.“][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”Crypto space analysis for March” size=”medium”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”This month’s fall has reduced the winter’s growth to zero, and the third consecutive quarter has resulted in a decline.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Such a long tendency was not noticed even in the 2014-2015 recession which means that the market’s bearish move reflects the real problems and doubts regarding the upcoming months. “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”The main positive thing is that the second quarter demonstrated a small increase.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Nevertheless, there are some coins of high level of confidentiality that demonstrate over double-digit growth and durable positive trend. “][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”1. Dash” size=”small”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Dash has been one of the most productive crypto assets for the first three months of 2020 amidst the decline of other coins. The altcoin has reached over 55% growth since the beginning of the year.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”2. Ripple” size=”small”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Negative rates of Ripple (XRP) which has got back to 17 cents from -10%. It’s the first time in two years it shows such exchange rate. “][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”3. Ethereum” size=”small”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Ethereum tried to prevent significant falling and closed at medium position demonstrating +1% on a quarterly basis, although the recent weeks’ move is making it loose the first two months’ gains.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”However, this offers a hope of getting back to the top close to $300 (February’s maximum which resulted in the subsequent decrease and the minimum of March 13th). “][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”As for ETH, it is vital to get back to the level no lower than $140-145 because in case the crypto falls below $120, the support level will reveal the vulnerabilities. Thus, ETH may test a new psychological level of $100.”][/vc_column][/vc_row][vc_row][vc_column][vc_heading title=”4. Bitcoin” size=”small”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”ВТС is nearing completion of the two-week cycle, and in the next few days there can be a positive signal with a break of $6800 threshold.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”Falling below $5800 (the lowest level of the last week) will lead to bearish signals and the possibility of further drop below $5500.”][/vc_column][/vc_row][vc_row][vc_column][vc_paragraph text=”In any case, we have no choice but to believe that the April will bring good news for crypto industry.”][/vc_column][/vc_row]