Bitcoin maintained a relatively stable movement over the last few days, with its price hovering between $3600 and $3750 range. Although Bitcoin ended Saturday with a price of $3700 and surged even further up to $3772 on Sunday morning (Bitstamp), the major crypto dipped to $3470, losing $200 of its value within just two hours. Following our Bitcoin analysis from a few hours ago, we were not convinced by yesterday’s decent green candle. Bitcoin is now facing the past week’s low around $3500 – A Bull Walks Up the Steps, a Bear Jumps Out the Window.
The decline isn’t strange as it is typical to see a drop in the crypto markets during weekends whereas there is a low trading volume which is easier to manipulate.
XRP and ETH are also recording losses of 3.15% and 4.31%, with their current prices now at $0.32 and $119 respectively. During the week, ETH price faced a strong resistance around $127 and $129 but unable to enter the $200 level.
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Wings (WINGS) is leading the pack of the most significant gainers in the crypto market over the last 24 hours. The veteran altcoin recorded a 46% increase against the USD, with a current price of $0.118. Wings’ market cap and daily volume are now $11,002,620 and $17,292,692 respectively. The new gains started pumping in after the project team announced the introduction of a new phase for WINGS – Future Coin Price Forecasting. This new feature will reportedly forecast the 3-6 months price of any coin, which in turn will guide buyers and investors on how they invest.
Shift (SHIFT), an altcoin that started Sunday with a bearish movement, found itself as the second most significant gainers over the last trading session. Shift’s price hovered around $0.30, but its new price within the last few hours to press time is $0.396, which shows a 31.10% gain against the USD.
LCS tokens, the native currency of LocalCoinSwap, a p2p cryptocurrency platform, accumulated the most significant loss over the last trading day. LCS recorded a decline of more than 27% against the USD and now trading at $0.02 with a market cap of $1,138,514. LCS traded $0.029 high at the early hours of Sunday but saw a shape fall, which crashed its price to as low $0.018 before adding $0.002.
