We are in the middle of a revolution, such a historical moment that goes among the crypto markets. In recent months the Alts have been rising rapidly and the trend became even stronger in past two weeks as bitcoin goes skyline high. Reasons, as mentioned before, is Japan, and also Consensus conference 2017 which is held in New York these days.
Among its attendees are the world’s leading banks and major crypto projects. The conference provides often announcements, each announcement is accompanied by a rise of its corresponding altcoin. The trading volume is at its all-time high, seems that there is no alt that is left outside the pumping party. The crypto market, which recently stood at around a $50 billion market cap, is currently worth around $ 85 billion (!), whereas bitcoin alone worth $ 40 billion. The optimistic 2016 forecasts predicted $3,000 for each Bitcoin at the end of 2017.
It seems like we will be there very soon. Unlike previous bitcoin rising, this time it is corresponding with the altcoins. New money is getting into the market, buys bitcoin in order to trade for altcoins.
Zcash (which received our recommendation more than once in our previous reports) rose around 150% two days ago and now lays around the support level of 0.1 Bitcoin. Zcash announced significant news from Consensus: JP Morgan will start working together with Zcash technology.
Etherium: Since breaking the psychological resistance of $100, ETH had not stopped and currently traded close to $200. As long as the momentum continues among the crypto market, it is very likely to see ETH going up. Next resistance lays around 0.1 BTC.
This altcoin is a reserve of VRC (Vericoin), POW mining. Comes with Vericoin technology, which is based on POS. VRM has a very small market cap of only $ 1 million, relative to other markets, it has the potential to go much higher. Looking at the following graph, we notice the uptrend. VRM is mainly traded on Bittrex exchange.
