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.
The Bitcoin seems to have found a new home as it hovers close to USD 10000 squeezing the range of top and bottom. These levels seems to be the new home for Bitcoin. The prices hit a high point of USD 10,386.87 and the lowest point of USD 9,851.69 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, RightBTC (2.85%), BKEX (2.32%) and IDAX (2.20%)
Among prominent news around Bitcoin, William Mouyagar, a crypto influencer and author of the famous book “The Business Blockchain: Promise, Practice, and Application of the Next Internet Technology” said that he believes that bitcoin will get to $25,000 when 2019 comes to a close.
Ethereum is back to life and now sits over USD 200. Ethereum on the top, this week were at USD 222.87 and were at lows of USD 189.69 . The markets that were more active, in volumes, with ETH across various pairs this week were Coineal (4.98%), CoinEgg (4.37 %) and LBank (3.11%)
Among news surrounding Ethereum, the ProgPow proposal, which will reinstate an ASIC-resistance hashing algorithm has faced backlash from the Ethereum wider community despite some consensus from the Core Devs
On the top, this week the prices of XRP were at USD 0.322034 and towards the bottom it quoted USD 0.259181. The exchanges that were more active, in volumes, with XRP across various pairs this week were, BCEX (5.28%), RightBTC (5.10%) and LATOKEN (4.47%)
For XRP this week, SVP of product at the Ripple, Asheesh Birla said that Ripple is working on expanding their XRP-powered cross-border payment product xRapid.
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 22 at 2:30 pm IST) were
- Gexan- Showing a rise of 239.13%
- DEX- Showing a rise of 215.33%
- Ethereum Gold Project- Showing a rise of 169.65%
- ETERNAL TOKEN – Showing a drop of -57.30%
- Swap- Showing a drop of -52.23%
- Sparkle – Showing a drop of -46.26%
What do you think would be the sentiment of the crypto markets next week? Do let us know your views on the same.
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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