Analysis: Rally Seen in Top 50 Cryptocurrencies

Analysis: Rally Seen in Top 50 Cryptocurrencies

The trend reversal which started two days ago picked up full steam, as all top 50(!) cryptocurrencies showed gains in the past 24 hours. Out of the top 10, Ethereum Classic showed the biggest climb, rising more than 37%. Ripple, Ethereum and IOTA also registered double-digit percentage gains. Ethereum bounces back over $200. After having a rocky start in July, registering many more losing days than winning ones, Ethereum finally gave traders a reason to smile. In the past 24 hours, the world’s second largest cryptocurrency climbed more than 15%, settling well above the $200 mark. Ethereum....


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Quotes

The early days of the internet was like this scary thing, all gambling, and porn and you couldn't even transact on there. And then nice walled gardens came along and made everyone quite comfortable with it, which may be like banks and financial institutions are doing now. But it kind of misses the point. The idea of the web and the internet is supposed to be open to everyone.

Paul Gordon, CEO of Quantave