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 again been stable this week with dropping less than a percent. The good thing about Bitcoin is that it still holds itself above USD 3500. The prices hit the high point of USD 3,758.53 and the lowest point of USD 3,552.29 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, BitMex (15.45%), EXX (4.94%) and CoinBene (4.39%)
Among prominent news around Bitcoin, Cboe senior instructor Kevin Davitt said that futures trading volatility for BTC has steadily been on the rise.
XRP moved back to the second place again but Ethereum and continues to stay there. On the top, this week the prices of XRP were at USD 0.337942 and towards the bottom, it quoted USD 0.318354. The exchanges that were more active, in volumes, with XRP across various pairs this week were ZB.COM (13.42%), ZBG(6.09%) and Bitbank (3.21%)
For XRP this week, Ripple sales director Ross D’Arcy said that Ripple Will Make Payments as Easy as Sending Emails,
Ethereum has had a somber week as its Constantinople upgrade got delayed. Ethereum on the top, this week was at USD 130.86 and were at lows of USD 116.97. The markets that were more active, in volumes, with ETH across various pairs this week were LBank (4.22%), EXX (3.18%) and DOBI Exchange (3.09%)
Among news surrounding Ethereum this week, Preston Byrne, an attorney at Bryne & Storm joked that joked that the popular blockchain, ETH, is more centralized than “the core of a neutron store falling into the event horizon of a black hole,”
The Other Movers and Shakers
The Other coins that made to the top and bottom this week according to CoinMarketCap (accessed on January 20 at 3:35 pm IST) were
- Apollo Currency – Showing a rise of 334.59%
- SnapCoin – Showing a rise of 145.73%
- TenX – Showing a rise of 128.80%
- Empowr coin – Showing a drop of 74.46%
- Ormeus Coin – Showing a drop of 67.99%
- LRM Coin – Showing a drop of 51.43%
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.