Business 30 April 2018Gerald Fenech
Bitcoin Cash holds on to gains, sets sights on $1,500
The cryptocurrency market had a rather muted performance over the weekend, with most of the major coins staying at their price levels achieved over last week although there were some notable exceptions. BTC has been stuck between the $9,100 and $9,400 levels with very little movement in this tight trading range. However, it appears that the coin is poised for some upward movement in the next few days as new money comes into the market.
Bitcoin Cash held on to its levels very well enough and was trading at around $1,400 at press time and was looking to soar to the $1,500 level again with some upward momentum. The currency has performed very well, holding on to its gains over the past week. Another currency that appeared to be consolidating is Ethereum, which reached the $680 mark on Monday morning and was looking to achieve the $700 barrier yet again with the possibility of posting strong gains thereafter. Ethereum Classic was also performing well at press time and was looking to breach the $22 mark soon.
However, the strongest gainers over the past 48 hours were the coins with the smaller market caps. EOS was undoubtedly the star performer with an incredible 50% gain over this period rising to $22 at some point—a 100% gain over the week although it was retracing slightly to around $19 on Monday morning. NEO also had a considerable bull run on Sunday, rising by about 25% to exceed the $90 region although it fell back slightly by around 5% on Monday morning. Still, this was a considerable improvement over the last weeks, when the currency appeared staid and did not move that much.
Ripple was slightly disappointing in that it remained stuck between the $0.84 and $0.86 level notwithstanding all the amount of good news that continued dominating the markets. The fact that XRP continues to be involved in new agreements between banks should undoubtedly have a positive effect on its price sooner or later. Dash also appeared slightly staid, but is well supported at the $480-490 level whilst Litecoin remains stuck at the $150 mark with not much sign of any real movement downwards or upwards. Stellar Lumens also consolidated its strong gains over the past week and remains at $0.45, although a push towards the $0.50 mark is not to be unexpected.
Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins.
Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.
Business 4 hours ago
QuadrigaCX payment provider threatens reporter over ‘highly defamatory’ piece
As one reporter digs even deeper into the mysteries of QuadrigaCX, one payment provider didn’t appreciate the closer look and threatened legal action.
Business 6 hours ago
Duke University, Citizens Reserve partner for new incubation lab
Duke University has partnered up with Citizens Reserve to help students get knowledge and build interest in blockchain technology.
Business 6 hours ago
Indian police arrest 4 in $14M crypto scam
The Indian police have arrested four suspects in India’s biggest cryptocurrency scam to date.