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Home » Market Updates » Market update April.8

Market update April.8

Author: Jonathan Berger

Last Updated Sep 14, 2021 @ 11:51
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Bitcoin: In continues positive trend since last week, with minor corrections on the way. It turns out that after the panic, regarding Fork issues, the market had calmed down. Looking at the market cap chart of Altcoins over Bitcoin, we notice the dominance tends toward Bitcoin at the short-term. This is unlike the last month.

btc_alts

The following graph shows Bitcoin vs. USD in the last two years – long term incline.

BTC

ICN Iconomi: Iconomi is an investment platform on the Ethereum blockchain. The ICO was held in the summer of 2016, and ended up in $ 10 million value invested. The ICN token is mostly traded on Kraken, and apart from little pump in its early days of being traded, the trend is a moderate slow rise. Recently, the value has doubled and crossed the 0.0006 bitcoin level, but the rise of the bitcoin returned ICN value down to 0.0003-0.0004, a stable area that could be a good entrance price.

Alicia Bakery
CMO - A really good agency

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ICN

Ethereum vs. Bitcoin: Recently, the opposite correlation has been maintained between Bitcoin vs. Ethereum, especially in minute by minute trading. Ethereum is considered the ultimate hedge Altcoin against a drop in the bitcoin value.

correlation_eth_btc

LTC Litecoin: The coin had reached the $10 level lately. The next resistance lays around the $13 area. If 75% verification of Segwit will be reached, it is likely to be very very interesting.

LTC

LTCC

 

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Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

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About The Author

Jonathan Berger
More posts by this author

Breathing crypto since early 2013. Jonathan lives 24-7 analyzing market condition and current situation. One of his hobbies is mining very low-cap altcoins. Contact Jonathan: Facebook

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