Market update April.8
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.
The following graph shows Bitcoin vs. USD in the last two years – long term incline.
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.
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.
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.
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