Why Horizen, Numeraire Surged Amid Bitcoin Price Drop? What Blockchain Data Shows on the Market Dip


Horizen (ZEN)
Horizen (ZEN) is a secure, interoperable blockchain ecosystem that enables businesses and developers to build fully customized blockchains and Dapps. On May 28, Horizen had its 4th anniversary which will be celebrated with a Livestream including a speech from Rob Viglione, Co-Founder of Horizenglobal, and also a ZEN airdrop to its users.

An upcoming Zendoo mainnet release is another positivity for ZEN price. At the time of writing, Horizen (ZEN) traded at $114, up 18.20% in the last 24 hours and 16.63% weekly.

Numeraire (NMR)
Numerai is an Ethereum-based platform allowing developers and data scientists to experiment and create machine learning models with improved reliability. The platform’s main goal is to bring decentralization to the data science field and allow developers to compete in creating effective machine learning prediction models.

NMR gained significant ground against Bitcoin while recording a strong breakout in its BTC pairing on May 28. This was reflected in its USD pairing as it surged from lows of $39.74 to intraday highs of $68.86, rallying nearly 73%.

Data aggregator Messari indicated that towards this week ending, the crypto market saw a quick reversal to last week’s market crash.

Market Sectors, Courtesy: Messari

Sector Volatility, Courtesy: Messari

Image Credit: Messari, Shutterstock

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