Why are Altcoins Tezos, Lisk, Binance Coin Beating Bitcoin so far in 2020?

Many altcoins, like Bitcoin, have been performing rather well; some of these coins like Tezos, Lisk, and Binance Coin are even outperforming Bitcoin, according to cointelegraph. 

Tezos shows tremendous strength to continue in the next coming weeks, its trading volume indicators indicate strength and buying pressure while currently showing a breakout above $1.75 resistance, if Tezos holds a $2.50 support, a warranted move to $4.00 is guaranteed. 

Due to the launch of futures, Binance has been going strong in an upward move, however the move is debatable because the trend is influenced by the news. A break through of $25 to $25.50 is needed to warrant an extension towards $29. If this does not prove the case, support levels could be found at $22.50. 

Lisk surged from $.50 to $2.80 in just six weeks after a huge down trend. This move happened once before when Lisk pushed through it two year downtrend that now led to an increase in volume and the move led to $2.80 which now shows a resistance at $2.30.

By Claudia Rivera

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