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.
This week was a bit sluggish for bitcoin as the market sentiment overall was damp. The prices hit a high point of USD 11,528.19 and the lowest point of USD 9,675.32 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, BitForex (2.69%), DigiFinex (2.48%) and ZB.Com (2.39%)
Among prominent news around Bitcoin, Morgan Creek Capital CEO Mark Yusko called Bitcoin ‘chmuck Insurance’
Ethereum has been kind of weak over the past few weeks and the price is now very close to USD 200 mark. Ethereum on the top, this week were at USD 216.14 and were at lows of USD 178.14. The markets that were more active, in volumes, with ETH across various pairs this week were Coinegg (10.11%), LBank (3.45%) and Bilazy (3.31%)
Among news surrounding Ethereum, Ethereum developers chose to move forward with controversial ProgPOW, with 14 EIPs in tow
On the top, this week the prices of XRP were at USD 0.303528 and it quoted USD 0.252390 towards the bottom,. The exchanges that were more active, in volumes, with XRP across various pairs this week were, RightBTC (6.01%), BW.com (5.29%) and Huobi (5.26%)
For XRP this week, Coil became the latest firm to receive funding from Xpring after they got a 1 billion XRP grant from Ripple’s investment arm
The Other Movers and Shakers
The Other coins that made to the top and bottom this week according to Coin Market Cap (accessed on August 18 at 3:30 pm IST) were
- BitBall- Showing a rise of 1877.68%
- Nasdacoin – Showing a rise of 295.95%
- The ChampCoin- Showing a rise of 127.53%
- Boltt Coin- Showing a drop of 97.88%
- Silverway- Showing a drop of 72.61%
- Sphere – Showing a drop of 69.90%
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