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 above USD 11000. The prices hit a high point of USD 12,006.08 and the lowest point of USD 9,737.88 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, CoinBene (3.73%), OEX (3.48%) and BitForex (3.12%)
Among prominent news around Bitcoin, An anonymous 4chan user who was spot on in his bitcoin price predictions so far this year, accurately hitting price targets, has predicted BTC will hit $87,000 in November of 2020
Ethereum followed Bitcoins move and now is inching USD 300 now after some months. Ethereum on the top, this week were at USD 303.96 and were at lows of USD 272.60. The markets that were more active, in volumes, with ETH across various pairs this week were Coinegg (5.53%), BitMart (3.35%) and DOBI Exchange (3.26%)
Among news surrounding Ethereum Dovey Wan, Founding partner at Primitive Ventures, recently tweeted a thread explaining how Ethereum could be bullish over the long term. According to her, over time all fiat coin will be on Ethereum, which makes a bit more bullish on $ETH TBH, as long as Ethereum can be the go-to-choice for all these synthetic assets
On the top, this week the prices of XRP were at USD 0.417618 and towards the bottom, it quoted USD 0.375611. The exchanges that were more active, in volumes, with XRP across various pairs this week were, BW.com (8.93%) HitBTC (7.20%) and BITKER (3.31%)
For XRP this week, XRPL Labs’ developer Wietse Wind hints at ‘XRPL-bridged bank accounts’ for the community to ease payments
The Other Movers and Shakers
The Other coins that made to the top and bottom this week according to Coin Market Cap (accessed on July 7 at 8:30 am IST) were
- IZI Chain – Showing a rise of 354.45%
- Origo – Showing a rise of 282.07%
- RealTract- Showing a rise of 258.33%
- IHT Real Estate Protocol- Showing a drop of 82.86%
- Tarush- Showing a drop of 64.89%
- ZEON – Showing a drop of 54.82%
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