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 positivity after the past couple of weeks of selling. The prices hit a high point of USD 10,946.78 and the lowest point of USD 9,437.34 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, OEX (4.63%), Bit-Z (2.88%) and RightBTC (2.40%).
Among prominent news around Bitcoin, Early Bitcoin investor Max Keiser tweeted that he foresees Bitcoin price smashing through the $15,000 mark sometime this week amid troubles with centralized government and banking
Ethereum has been kind of weak over past few days and the price is slowly inching back towards the USD 220 mark. Ethereum on the top, this week were at USD 224.62 and were at lows of USD 206.87. The markets that were more active, in volumes, with ETH across various pairs this week were Coinegg (4.17%), OEX (3.02%) and Fatbtc (2.72%)
Among news surrounding Ethereum Vitalik Buterin believes that the future of cryptocurrencies is in their “diversity and pluralism.
On the top, this week the prices of XRP were at USD 0.313812 and it quoted USD 0.307865 towards the bottom. The exchanges that were more active, in volumes, with XRP across various pairs this week were, HitBTC (5.54%), Fatbtc (5.42%) and IDCM (5.33%)
For XRP this week, One of the largest providers of global money transfers is ready for cryptocurrency. MoneyGram, which ranks just behind Western Union in cross-border transfers, is now ready to use Ripple’s xRapid network, which uses the XRP currency.
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 04 at 3:30 pm IST) were
- Proton Token – Showing a rise of 253.45%
- Everycoin – Showing a rise of 222.52%
- Promotion Coin- Showing a rise of 208.51%
- BQT – Showing a drop of 89.82%
- Influence Chain- Showing a drop of 80.18%
- Mercury – Showing a drop of 73.35%
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