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 Bitcoin saw a bit of weaking as the top coin now sits at USD 9500. The prices hit a high point of USD 10,651.79 and the lowest point of USD 9,411.52 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, OEX (5.11%), BW.com (2.93%) and Bilaxy (2.64%)
Among prominent news around Bitcoin, Morgan Creek Digital Assets co-founder Anthony Pompliano said that the European Central Bank (ECB)’s expected dovish turn will be “rocket fuel” for Bitcoin.
Ethereum has been kind of weak over past few days and the price is slowly inching back towards the USD 200 mark. Ethereum on the top, this week were at USD 226.86 and were at lows of USD 203.89. The markets that were more active, in volumes, with ETH across various pairs this week were Coinegg (7.04%), OEX (3.18%) and Coineal (2.56%)
Among news surrounding Ethereum, The U.S. Securities and Exchange Commission (SEC) has approved the first-ever Ethereum token sale from blockchain-based gaming startup Pocketful of Quarters (PoQ).
On the top, this week the prices of XRP were at USD 0.331670 and it quoted USD 0.307301 towards the bottom, The exchanges that were more active, in volumes, with XRP across various pairs this week were, Fatbtc (6.06%), Kucoin (5.60%) and BW.com (5.49%)
For XRP this week, U.S. Payroll Software Company ADP Filed Ripple-linked Patent Application. According to the news reports ADP, has filed a patent referencing Ripple’s distributed ledger technology (DLT) to achieve what the firm calls “Payroll-Based Blockchain Identity”.
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 28 at 12:30 pm IST) were
- DEXTER G – Showing a rise of 1561.78%
- Proton Token- Showing a rise of 671.41%
- Actinium- Showing a rise of 275.82%
- Influence Chain – Showing a drop of 62.83%
- ICE Rock Mining- Showing a drop of 60.34%
- Raven Protocol – Showing a drop of 58.43%
What do you think would be the sentiment of the crypto markets next week? Do let us know your views on the same.
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