Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Stellar (XLM), Tron (TRX): Price Update, Predictions, News Roundup

2018-9-22 18:13

The past 7 days have been tumultuous for the digital asset sector to say the least. For starters, just a few days ago the total market capitalization of all the altcoins in the market had dipped to a relative low of $191.5 Bln. However, within the space of just five days, this figure has now risen to a more respectable value of $225 Bln— thereby indicating newfound investor confidence in this nascent market space.

XRP’s Amazing Run Continues— 25% Gain observed within last 24 hours

One of the biggest stories recently has been Ripple’s amazing market run that has seen the world’s third largest cryptocurrency by total market capitalization gain over 120% in value over the course of the past 5 days.

Chart courtesy of Tradingview.com

To elaborate further on XRP’s new found success, on September 18 the currency was trading at a modest price-point of $0.027 but within just 72-hours, XRP’s value surged and hit its 120-day high of $0.67.

Analysts have been quick to note that this increased market traction may have been a direct result of Ripple’s Chief Asian Executive, Sagar Sarbhai, stating that within the next month or so the company would “launch its cross-border transaction protocol, xRapid, for commercial use”.

Additionally, as per various trusted German media outlets, many of the nation’s leading banks are “currently exploring the xRapid protocol” in hopes of making international transfers cheaper and more efficient for the German masses.

Bitcoin Crosses $6,800 Threshold Briefly Before Settling Down Near the $6,720 Mark

At press time, the world’s premier digital currency is sitting comfortably at a price point of $6,738.

After crossing the $7,000 psychological barrier earlier this month, Bitcoin’s fortunes took a turn for the worst when the asset fell below the $6,200 mark. However, since then, it seems as though the currency has once again garnered bullish momentum that might carry it beyond the $7K figure in the coming few days.

Ether Nears $250 Territory, Investor Confidence Appears to Have Been Re-Instilled in the Currency

After various market analysts branded Ether as being a “sub $100 alt-coin”, the world’s second largest cryptocurrency by total market capitalization has continued to defy the conventional narrative and maintained its strong market performance over the course of the past week or so— with the currency currently trading at $240.86.

However, there are also those who believe that Ether will continue to see its market dominance increase in the coming 5-10 years. For example, according to tweet issued by Weiss Ratings a couple of days back, the firm claimed that by 2023, Ether will eat up nearly 50% of Bitcoin’s current market share.

The above tweet, as expected, was met with a lot of backlash, with many investors and crypto enthusiasts taking to twitter to debunk Weiss’s ’unfounded and under-researched claims’. In response to this negative press, Weiss then retracted its earlier tweet by releasing a fresh statement which read:

“In 5 yrs we will see #ETH-LIKE platform dominating the market – not necessarily ETH. We apologize for not being clear. Our earlier tweet was a comment on an article (below).”

XLM Continues its Strong Market Push

A currency that has stayed under the radar in recent times but has continued its strong financial run is Stellar Lumens (XLM). Since September 18, the the world’s sixth largest currency by total market cap has risen from an average price point of around $0.20 to $0.27 (at press time).

Stellar’s latest price surge is largely being attributed to the currency being listed on Circle Invest, a highly popular and sought-after mobile investing application. Along with XLM, Circle has also added other popular altcoins such as EOS, Qtum, and 0x to its platform.

Tron Surge Coming in the Next Few Days?

Another altcoin that is touted to have a big financial breakthrough soon is TRX. While Tron’s recent performance has not been exceptional, the altcoin did rise by over 20% just a few days back before settling near the $0.023 region.

Ever since Tron founder, Justin Sun, announced the launch of his firm’s new development tool ‘TronGrid’, a new protocol that will allow developers to ‘monitor their smart contract usage more effectively’, crypto researchers believe that the currency is all set to witness an unprecedented upward economic movement in the coming few days.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Allion (ALL) íà Currencies.ru

$ 0.0002904 (+0.00%)
Îáúåì 24H $0
Èçìåíåèÿ 24h: 0.00 %, 7d: 0.00 %
Cåãîäíÿ L: $0.0002904 - H: $0.0002904
Êàïèòàëèçàöèÿ $1.8k Rank 99999
Öåíà â ÷àñ íîâîñòè $ 0.0055916 (-94.81%)

days market had altcoins ago total all

days market → Ðåçóëüòàòîâ: 126


Crypto Week In Review: $60m Hack, Institutional Investor Launches Fund, Binance to Singapore

Throughout the past seven days, this up and coming industry saw its fair share of cases of development and maturation, as institutions have continued to pile onto this market. 15 Global Institutions Launch kLmgo SA Blockchain Platform Per a previous NewsBTC report, 15 of the world’s foremost institutions have joined hands to create komgo SA, an.

2018-9-23 15:16


Ôîòî:

Electroneum: Instant Results, But NOT Instant Payments…

Electroneum had two spectacular days on the cryptocurrency market after launching the beta of its instant payments processor earlier this week, recording a 31% jump in market values. But is this the instant payment system that can change the world? The development team took a full year from the soft launch of the concept to […] The post Electroneum: Instant Results, But NOT Instant Payments… appeared first on Crypto Briefing.

2018-9-23 21:04


Berkeley Professor Questions Stablecoin Viability in Unflattering Op-Ed

University of Berkeley Professor Barry Eichengreen has taken a swipe at the viability of stablecoins in an op-ed published on Project Syndicate. The critique, entitled “The Stable-Coin Myth,” argues stablecoins are not automatically "viable" just because they are pegged to an asset, though Eichengreen does believe they have an advantage over "conventional cryptocurrencies" such as bitcoin which he says "is highly unstable" and "unattractive as units of account.

2018-9-13 18:07


Bitcoin [BTC] Price Holds Value Amid Market Bloodbath

Yesterday was a bloodbath for altcoin prices with many recording double-digit losses. Bitcoin managed to hold its value and has been trading around $6300 to $6400 over the past few days. There was a brief drop down close to $6100, but the price quickly rose back up showing investors were not yet willing to accept […] Bitcoin [BTC] Price Holds Value Amid Market Bloodbath was originally found on [blokt] - Blockchain, Bitcoin & Cryptocurrency News.

2018-9-13 16:17


Bullish Days Incoming: Is Now the Perfect time to Buy Bitcoin?

Bitcoin looked to be on the way back towards its bull run days, reaching past $7,200.  But now Bitcoin and the rest of the cryptocurrency market is down 15% in the last few days. With the market shooting up and down 15% in the span of days, investors are left wondering when they should attempt […] The post Bullish Days Incoming: Is Now the Perfect time to Buy Bitcoin? appeared first on ZyCrypto.

2018-9-8 21:53