Hi Readers, welcome to cryptocurrency price analysis for the week. Do not forget to check movers and shakers for this week at the last of the article.
Its all green at for Bitcoin as the top coin touched USD 5000. The coin doesn’t seem to be stopping here the sentiment has all gone positive. The prices hit the high point for Bitcoin were at USD 5,307.00 and the lowest point of USD 4,105.36 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, BitMex (11.05%), CoinBene (3.34%) and OEX (2.55%)
Among prominent news around Bitcoin, Ran NeuNer the CNBC host tweeted saying that
“I can’t respect any publication that is still calling Bitcoin a bubble. Even if it was a bubble last year, I’ve never seen a bubble pop twice!”
Ethereum on the top, this week was at USD 178.32 and were at lows of USD 140.74. The markets that were more active, in volumes, with ETH across various pairs this week were LATOKEN (4.93%),DOBI Exchange (3.93%) and ZBG (2.47)
Among news surrounding Ethereum this week technically Ethereum (ETH) Shorts Decline To New All-Time Low, Price Remains Overbought
On the top, this week the prices of XRP were at USD 0.374064 and towards the bottom, it quoted USD 0.308910. The exchanges that were more active, in volumes, with XRP across various pairs this week were, ZBG (12.75%) BW.com (4.823%) and Bit-Z (4.41%)
For XRP this week, According to Weiss Ratings, XRP was more famous than Bitcoin in the US throughout 2018. They stated in an official tweet,
“According to Google Trends last year, the number of US users searching for “how to buy #Ripple” was greater than the popular search engine query “how to buy #Bitcoin.” This should make #XRP fans happy.”
The Other Movers and Shakers
The Other coins that made to the top and bottom this week according to Coin Market Cap (accessed on April 7 at 3:30 pm IST) were
- ShineChain [SHE] – Showing a rise of 438.13%
- EDUcare [EKT] – Showing a rise of 421.97%
- SwftCoin [SWFTC] – Showing a rise of 287.39%
- OS – Showing a drop of 51.38%
- AICHAIN [AIT]- Showing a drop of 48.95%
- PTON [PTON] – Showing a drop of 45.64%
What do you think would be the sentiment of the crypto markets next week? Do let us know your views on the same.
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
A blockchain enthusiast, my expertise extends to marketing and advertising through which I was able to help a few notable startups in generating initial traction. Follow me on Twitter at @abhinavagrwl94 and reach out to me at abhinav[at]coingape.com