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.
Bitcoin saw some positive sentimental moves this week as the top coin was up 1.12%. The good thing about Bitcoin is that it still hodls itself above 5000 creating a sentimental positivity. The prices hit a high point of USD 5,421.65 and the lowest point of USD 4,955.85 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, BitMex (7.66%), CoinBene (4.40%) and OEX (3.59%)
Among prominent news around Bitcoin, Comparing the rise in Gold and Fiat, a Twitter user by the handle @Moon_Rekt is optimistic that Bitcoin prices will erupt towards the $98 million marks in the next two decades.
Ethereum stayed in the red this week after a good couple of weeks. Ethereum on the top, this week was at USD 184.38 and were at lows of USD 161.03. The markets that were more active, in volumes, with ETH across various pairs this week were Bibox (4.96%), LATOKEN(3.65%) and OOOBTC (3.57%)
Among news surrounding Ethereum, A group of Ethereum’s veteran open-source developers discussed the subject in a bi-weekly meeting, wherein they aired the possibility that system-wide upgrades, also called hard forks, to the software, could be enacted as often as every three months.
On the top, this week the prices of XRP were at USD 0.367036 and towards the bottom, it quoted USD 0.321167. The exchanges that were more active, in volumes, with XRP across various pairs this week were, ZBG (14.78%) Fatbtc (7.33%) and Bit-Z 5.08%)
For XRP this week, Ripple, the blockchain-based payment network, suffered a setback after Japan’s Resona Bank said it would no longer use MoneyTap, a consumer-centric retail payments app that uses Ripple’s enterprise blockchain technology.
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 13 at 8:30 pm IST) were
- SuperEdge [ECT]- Showing a rise of 1289.47%
- ZelCash [ZEL] – Showing a rise of 272.82%
- Lambda [LAMB]- Showing a rise of 264.52%
- Profile Utility Token [PUT]- Showing a drop of 59.67%
- Gambit [GAM] – Showing a drop of 56.37%
- Optimal Shelf Available [OSA] – Showing a drop of 49.78%
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.
Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Nilesh Maurya has been associated for past 8 years as an Investment Banker with Omega Capital, a bespoke Investment Banking outfit having offices in Mumbai, New York, Singapore, and Dubai. He has been a regular contributor to business publications such as Business India and Market Express and has been a mentor to many start-up companies. Follow him on Twitter at @KoinKing1 or connect with me on linkedin.