XRP Rises More Than 30% as Altcoins Piggyback on Bitcoin’s Wave
The native asset of the XRP ledger has surged to 16-month highs.
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Over the past week, many altcoins have experienced significant price increases. What is striking about this trend is that it has not only affected altcoins with small market caps (whose prices are easy to manipulate) but has stretched to altcoin heavyweights such as Dogecoin and now Nxt, who have previously encountered prolonged price declines. CCN analyzes the Nxt price increase within the context of its recent downtrend. Nxt Price Rises 14% in 24 Hours. The Nxt price rose 14% in 24 hours from September 4-5. On September 4, the Nxt price was 5,980 satoshis. For most of the day, the Nxt....
Since bitcoin’s significant price rise, altcoins have been brushed off to the side as bitcoin’s dominance climbed to 87.4 percent. Altcoin interest has waned as each alternative digital asset has lost market capitalization over the past two months. There are various reasons. All Eyes Focused on Bitcoin. Let’s face it: all eyes are on bitcoin’s price....
Love them or hate them, there’s a lot of altcoins in the crypto-economy. In fact, in 2017 there are roughly more than 700 different kinds of cryptocurrency. All of them claim to offer something unique. However, many people believe there is nothing innovative about these altcoins due to how easy it is to create them, the sketchy developers behind many....
Bitcoin’s price trend has continued its upward motion since our last analysis, steadily climbing past the US$800 range. The price value passes a milestone of the highest price average in over three years. Currently, at press time the price per BTC is $810 and charts show little resistance ahead. Bitcoin Now Above $800 Per BTC. The 800s are finally here....
Bitcoin’s recent price gains have spread to other cryptocurrencies and altcoins, according to Charles Hayter, chief executive officer and founder of CryptoCompare, which provides data on cryptocurrencies, MarketWatch reported. Ark Invest and Ethereum have been among the winners. Chris Burniske, a blockchain analyst and product lead at ARK Invest, said bitcoin’s gains, driven by the fall of the Chinese yuan, are filtering into the broader market as bitcoin traders look to reinvest their profits. Cryptocurrency investors typically put profits in other cryptocurrencies rather than fiat....