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 has now looks stabilized sitting fairly around USD 10000 moving on either side by 5 %. The prices hit a high point of USD 10,512.33 and the lowest point of USD 9,421.63 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, BKEX (2.55%), Bilaxy (2.09%) and IDAX (2.08%)
Among prominent news around Bitcoin, TV host Max Keiser, who has been one of the most vocal Bitcoin supporters from the outset, claims that the top cryptocurrency by market capitalization will reach $28,000.
Ethereum followed Bitcoins silence and now is inching USD 150 now after some positive months. Ethereum on the top, this week were at USD 193.44 and were at lows of USD 167.07. The markets that were more active, in volumes, with ETH across various pairs this week were Coinegg (4.37%), Bilaxy (2.8735%) and LBank (2.61%)
Among news surrounding Ethereum, It has been reported that DeFi apps have slowly amassed a valuation of around $500 million in the last 12 months, with little signs of slowing down.
On the top, this week the prices of XRP were at USD 0.277432 and towards the bottom, it quoted USD 0.249951. The exchanges that were more active, in volumes, with XRP across various pairs this week were, RightBTC (9.10%) BCEX (7.59%) and MXC (5.57%)
For XRP this week, 4 New Banks have joined Ripple-powered SBI’s MoneyTap.
The Other Movers and Shakers
The Other coins that made to the top and bottom this week according to Coin Market Cap (accessed on September 1 at 8:30 pm IST) were
- DEX – Showing a rise of 330.20%
- Soma – Showing a rise of 222.76%
- CREDIT- Showing a rise of 210.37%
- BlockStamp- Showing a drop of 80.79%
- Swace- Showing a drop of 77.38%
- B91 – Showing a drop of 71.47%
What do you think would be the sentiment of the crypto markets next week? Do let us know your views on the same.