Price Analysis, August 7: Bitcoin, Ethereum, Ripple, Litecoin, Ethereum Classic

Price Analysis, August 7: Bitcoin, Ethereum, Ripple, Litecoin, Ethereum Classic

admin Altcoins, Bitcoin, Ethereum, Ethereum Classic, Litecoin, Price Analysis, Ripple 0 Comments

USDT\BTC Bitcoin price is forming the third wave of $1,838 mid-term uptrend. Currently, it is being decided whether we’ll see a big price hike or downwards correction to $2,800 The third wave can become the turning point. If there are new capital flows, BTC will move up. The key level responsible for the whole future of the uptrend is at $3,150. Providing no reversal down takes place during the pullback to the level, high chances the rise will remain. Otherwise, the price will have a reversal to the correction. USDT\ETH Ethereum price has similar structure forming. The demand levels show significantly lower numbers, compared to the first wave. This may trigger a pullback. The $246 point is breaking for the whole trend. If the price corrects to this channel without a reversal downwards, it will mean, there are still big purchases in place. In this case, ETH will go up. A reversal down at the $246 point will indicate major buyer closing positions. That way the price might have a pullback. USDT\XRP Ripple is in the midst of its $0.1542 uptrend correction. It is being traded at the most likely pullback bottom. Correction zone to the $0.1542 upward trend will …

Ethereum Classic Becomes Fifth Largest Cryptocurrency, Briefly Beats NEM, Litecoin

Ethereum Classic Becomes Fifth Largest Cryptocurrency, Briefly Beats NEM, Litecoin

admin 2017, Altcoin News, Altcoins, Crypto News, Ethereum Classic, In the News, Litecoin, NEM, Prices, Ripple 0 Comments

Ethereum Classic has become the fifth largest cryptocurrency in the world after surpassing the market cap of Litecoin. Briefly, Ethereum Classic also overtook NEM, the fourth largest cryptocurrency with a significantly high daily trading volume. The daily trading volume of Ethereum Classic remains larger than Ripple and NEM, the third and fourth largest cryptocurrencies behind Bitcoin and Ethereum, at $326 mln. In fact, Ethereum Classic’s daily trading volume is 17 times larger than that of NEM. Simply Classic Over the past few months, Ethereum Classic has enjoyed an explosive growth in demand and daily trading volume primarily due to two major driving factors: the debut of the Ethereum Classic Trust and the integration of ETC by leading digital currencies. On April 24, Barry Silbert-led Digital Currency Group, arguably the most prominent investment firm within the Bitcoin and Blockchain industries, launched the Ethereum Classic Trust to provide a platform for accredited and institutional investors to invest in ETC via a regulated channel. Since then, Ethereum Classic has experienced an overall increase in demand, price, market cap and trading volume. By April 1, Ethereum Classic’s market cap was around $200 mln. In less than two months, the market cap of Ethereum surged …