Bitcoin continues to break all-time highs. We see corrections on a positive uptrend since we last visited the 1000$ zone. Right now is seems very far off. The new record came a few days ago, when we almost reached $ 1900 on most exchanges. In the coming days, the US SEC will review again the changes in the law that will allow the Bitcoin ETF to be traded. In addition, the Ransom attack that has been taking place over the past week spreads the word about Bitcoin to the general public, even though it is the negative aspect of using Bitcoin. In the last couple of hours we have seen the “W” form taking place:
BitFinix announced that soon it will allow a gradual and limited withdrawal of up to $ 50,000 per user. In response, the Tether currency, which represents USD trading, reduces the gap that has opened since last review against the real dollar crypto currency, the USDT.
Hot around the alcoins, very hot. Ripple, Etherium and Litecoin are at market cap of billions of dollars. Is there an altcoin bubble around? a Crypto bubble? The dominance between Bitcoin and alternative currencies is at a 50% low, and makes a movement in favor of the Alts. The new investors put in a lot of new money and though discover the potential of alternative coins. You can not argue movements of hundreds of percent a day.
XRP Ripple: Following our previous reviews, Ripple has gained hundreds of percent, which for now seems far from over. News reports have not stopped appearing often, this news is from the last few hours. The price is currently around the all-time high level. The graph shows upcoming resistance:
STR Stellar: Ripple’s Little Brother. You can see positive correlation between the two coins. Stellar and Ripple share the same technology, Stellar seems to be little more decentralized. Stellar started a move from the level of 200 Satoshi (yes, little less than 1400% in a short time …) and this is with massive growth in trading volumes. Worth paying attention.
Zcash Classic: We have been following this great project since its first days. We recently crossed the 100,000 block, and up to 110,000 block it is worth holding the coin. Anyone who holds on to this window will receive at the end of the period an additional coin called ZEN, a separate chain from Zclassic. The ZEN will bring with it new era of privacy, with options of profit not only from mining but also from running nodes.
XMR Monero: The current value is around 0.015 Bitcoin, despite the positive trend recently among alcoins. There is a big change of up movement, crossing recent peak of 0.022 BTC. Unlike many crypto projects, Monero does bring something to the table – the privacy. This advantage will be reflected in the long term period, at present investors focus mainly on ETH contracts and ICOs.
Augur REP: After a nice run of around 400%, REP had stopped for a bit, getting down back to around 0.008 BTC levels. Is it worth getting some? Time will tell.
