Week in Review: Cryptocurrency Price Analysis for the Week May 19 to May 26

Stan Peterson
Updated
Expertise : Web3 Projects, ICOs, DeFi, and NFTs.
A USA-based blockchain enthusiast deeply involved in diverse crypto projects. With a knack for insightful reviews, I navigate the dynamic crypto landscape, offering a unique perspective on ICOs, DeFi, and NFTs. Let's connect and explore the limitless possibilities of digital transformation! Reach me out @ : [email protected]
Read full bio
coingape google news
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Sponsored This page may contain affiliate links. If you sign up through these links, we may earn a commission at no additional cost to you. This does not influence our editorial reviews or rankings.

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 (BTC)

Bitcoin continues to sit close to USD 8000 which finally looks a stability zone for now. The prices hit a high point of USD 8,200.97 and the lowest point of USD 7,533.20 during the week. The exchanges that were more active, in volumes, with BTC across various pairs this week were, BitMex (7.21%), BitForex (2.72%) and Coinall (2.63%)

Among prominent news around Bitcoin, In a recent interview with CNBC’s post-market show Fast Money, Mark Yusko, the Founder, Chief Investment Officer (CIO), and Chief Executive Officer (CEO) of SEC-registered investment advisor Morgan Creek Capital Management, said that Bitcoin (BTC) Will Outperform Stocks Over Next 10 Years

Ethereum (ETH)

Ethereum followed Bitcoins move and sits well over USD 200 now after some months. Ethereum on the top, this week were at USD 262.11 and were at lows of USD 233.79. The markets that were more active, in volumes, with ETH across various pairs this week were LATOKEN(3.76%), DOBI Exchange (3.74%) and OOOBTC (3.20%)

Among news surrounding Ethereum, Buterin broke down the current state of transactions on the Ethereum blockchain and what he believes can be done to improve user anonymity. As a solution to the issue of privacy, Buterin proposes a simple mixer for sending fixed quantities of ETH from one account to another. These transactions would not be visible on-chain, and would likely be most applicable for use with small quantities of ether.

Ripple (XRP)

On the top, this week the prices of XRP were at USD 0.417456 and towards the bottom, it quoted USD 0.366805. The exchanges that were more active, in volumes, with XRP across various pairs this week were, ZBG (10.03%), BW.com (4.50%) and HitBTC (4.49%)

For XRP this week, SCB Thailand launched a blockchain platform that uses the Ripple company’s xCurrent system to facilitate cheaper cross-border money transfers.

The Other Movers and Shakers

The Other coins that made to the top and bottom this week according to Coin Market Cap (accessed on May 26 at 6:30 pm IST) were

Movers

  • ThoreNext – Showing a rise of 486.82%
  • SoPay- Showing a rise of 236.33%
  • Egretia- Showing a rise of 152.47%

Shakers

  • Mainstream For The Underground- Showing a drop of 78.37%
  • Crystal Token- Showing a drop of 77.80%
  • InternationalCryptoX– Showing a drop of 55.26%

What do you think would be the sentiment of the crypto markets next week? Do let us know your views on the same.

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.

Newsletter
Your crypto brief.
Delivered every day.
  • Insights that move markets
  • 100,000 active subscribers
By signing-up you agree to our Terms and Conditions and Privacy Policy.
About Author
About Author
A USA-based blockchain enthusiast deeply involved in diverse crypto projects. With a knack for insightful reviews, I navigate the dynamic crypto landscape, offering a unique perspective on ICOs, DeFi, and NFTs. Let's connect and explore the limitless possibilities of digital transformation! Reach me out @ : [email protected]