The cryptocurrency market maintained its solid gains over the weekend although there was a slight retrenchment in some coins, with BTC coin still failing to surpass the $9,000 mark and settling between the $8,800 and the $8,960 region.
The star performer over the weekend was Bitcoin Cash, which saw a humongous increase of well over 20% to add to the 40% recorded in the past week to reach the $1,350 level—an astonishing gain that confirms the strength of interest in the currency as it looks to lead the market. Bitcoin Cash has already surpassed the $1,400 at press time.
Ethereum also had a relatively good few days consolidating at the $630 level, and it looks well poised to begin testing the $650 level this week after several slight movements between the $590 and $620 range. Ethereum Classic also performed well, and, at press time, it was trading at around $19.50 looking to begin testing the $20 mark for a further push to interesting new levels very shortly. This is in stark contrast to the performance of the currency over the past few weeks where it even dropped to $13 at one point—a full 40% increase in a matter of days.
Of the currencies with larger market caps, Ripple had a bit of a mixed weekend although it did soar to well over the $0.90 mark at one point on Sunday only to retract slightly to the $0.86 mark at press time. However, volumes have continued to increase and with a lot of good news about the potential of the currency, the barrier of $1 has to be tested very shortly—possibly in the next few hours. Litecoin remained relatively static and seems to be consolidating at the $150 mark. In fact, the currency moved slightly from $140 to $147, settling at those levels around press time with volumes quite strong too. News about its transaction speeds can only provide further interest in the currency and a strong rise is also expected in the not too distant future.
Of the currencies with smaller market caps, Stellar had another brilliant weekend reaching the $0.39 mark and it is now almost at the levels of mid-February, although it still has some time to go before it reaches its all-time high of $0.90 achieved in December. Neo also moved forward consistently but seems to be stuck in the mid $70s level although a further push towards $80 and beyond is not unexpected. Dash remains a sleeping giant and at press time was trading at around $470 with another push towards the $500 mark expected in the coming hours.