Weekend factor? Altcoins looking to shine as Bitcoin (BTC) price stagnates around $10,000 USD

The weekend (Sat/Sun not the musician) always brings out the best in the crypto world –whether in volume, price, interactions or news flashes. As other markets close on Friday evening, the cryptocurrency markets keep running every second, minute, day and month.

Since the year began, weekends have had a rather significant impact in the growth of Bitcoin price from $3,500 at the start of the year to $10,100 USD as at time of writing. However, in the past few months, alternative coins (altcoins) have performed better than the pioneer cryptocurrency as reported by Bloomberg on Friday.

The Rise of Altseason?

BTC price momentum subsided in the past month and investors seem to have switched to altcoins. A number of top altcoins have outperformed the undisputed king of cryptocurrency in the last weeks as Ethereum, Ripple, and Bitcoin Cash (BCH) all experienced massive gains in the past fortnight.

Ethereum (ETH), the second-largest crypto in market cap outperformed Bitcoin in six of the past 10 weekdays according to daily closing prices. Furthermore, ETH’s price beat Bitcoin’s in 8 of the past 11 weekends in total daily returns showing investors increasing confidence in the largest altcoin.

https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i71QUV4ew.kM/v3/pidjEfPlU1QWZop3vfGKsrX.ke8XuWirGYh1PKgEw44kE/620x-1.png

https://assets.bwbx.io/images/users/iqjWHBFdfxIU/i71QUV4ew.kM/v3/pidjEfPlU1QWZop3vfGKsrX.ke8XuWirGYh1PKgEw44kE/620x-1.png

Source: Bloomberg

Ripple (XRP) has also witnessed a bullish momentum in the past week growing by 7.1% to trade at $0.28 USD as at time of writing.

Scott Freeman, co-founder and partner of JST Capital spoke to Bloomberg saying altcoins are on the verge of a breakout. As most projects gain real world use cases, investors are expected to increase their stake in the altcoin market Scott explained.

“With the realization that these technologies now are being adopted, they’re starting to solve real problems, and it’s coming to fruition at some level where the value proposition of these things is being recognized more broadly.”

– Scott Freeman

A Tough Mountain to Climb

Despite the latest heroics from altcoins in the past two weeks or so –a period that BTC’s price has remained rather stagnant oscillating around $10,000 USD – the top cryptocurrency is still way ahead of the other altcoins.

Since the start of 2019, ETH/BTC pair dropped by over 40% to trade at 21 million satoshis. XRP/BTC pair plummeted under the 3000 satoshi-mark earlier in the month, representing a 70% drop since the start of the year. XRP is currently trading at 2974 sats, as at press time, 3.3% lower in the past 24 hours.

Read Original/a>
Author: Lujan Odera

Bitcoin Has Been More Profitable Than All Tech IPOs Since 2010 Per Crypto Godfather Data

Bitcoin is the best investment that you could have possibly made in this decade. According to data shared by the “Crypto Godfather”, known as the CEO of Block Journal, the performance of BTC has dwarfed all technology Initial Public Offerings (IPOs) since 2010.

This is mostly because Bitcoin was absolutely inexpensive back in 2010. The oldest data that can be found is Bitcoinmarket’s March 2010 data. It shows Bitcoin being traded at only $0.003 USD, less than a single cent. Now, it is trading over $10,000. This is an increase of 338,433,233% if you were quick enough.

Even if you bought it later, you can have easily become a millionaire with this investment. Bitcoin’s price rose 7,420% from April 2013 to today. When you compare the data to tech IPOs, the profitable of BTC is even more astounding.

The most profitable IPO is The Trade Desk’s one, which has seen prices going up 1,317%. That’s not even 10% of the gains that Bitcoin had. Even high-profile companies such as Pinterest only went up 77% while Spotify went up 14%.

Say that you have bought BTC this year. The returns are already almost 300% if you bought at the right now. Famous investments such as S&P 500 and Global Dow, which only went up 18.7% and 12.9%.

With the U. S.-China Trade War going on, Bitcoin is set to grow even more and traditional markets may lose money, so crypto investments continue to be very interesting.

Read Original/a>
Author: Gabriel Machado

XRP Continues To Expand Despite Negativity Over the Ripple Coin Price

XRP Continues To Expand Despite Negativity Over the Ripple Coin Price
  • XRP shows its strength being the best performing crypto among the top 13
  • Ripple continues to expand with new partnerships around the world

During July, XRP ahs outperform both Ethereum (ETH) and Bitcoin (BTC) in terms of the numbers of transactions processed by the network. According to data provided by BitInfoCharts, the XRP Ledger registered more than 1.1 million transactions on July 20.

Ethereum processed 584,000 transactions, followed by Bitcoin with 322,000 and Litecoin (LTC) with 28,000.

XRP Expands In The Market

There have been several critics to XRP regarding its price. Many investors and analysts say that the digital currency has been close to its support level of $0.3 that resisted very well during the last year. However, the Ripple network continues to expand with a large number of on-chain transactions.

As previously mentioned, XRP registered the largest number of transactions among the top 4 digital assets in the market throughout July.

The digital currency is also being traded around $0.325 and it has a market capitalization of $13.92 billion, according to CoinMarketCap. Although it’s price fell 1.72% in 24 hours, it has been the best performing virtual currency among the top 13.

During the same period of time, Bitcoin fell over 2%, Ethereum 3.25% and Litecoin 3%. This shows that the levels close to $0.3 are very important for the digital asset and it has helped it maintain its price over time.

Ripple has also been expanding with different partnerships. For example, MoneyGram, a firm that works with Ripple, has signed a new agreement with Sentbe, one of the largest companies for money transfer services in South Korea. At the same time, Sentbe showed they were working with Ripple.

Read Original/a>
Author: Carl T

Bitcoin is the Second Best Performer in 2019 but is the Least Volatile of All Crypto-Assets

Bitcoin is the Second Best Performer in 2019 but is the Least Volatile of All Crypto-Assets
  • Bitcoin one of the best performers with Binance Coin leading the market
  • BTC is the least volatile coin of them all

The leading cryptocurrency is beating ‘em all!

Bitcoin is not only outperforming the traditional assets like gold, oil, and government bonds in 2019 but also remains the king of the cryptocurrency market.

When it comes to one-year returns, the leading cryptocurrency might register mere 4 percent returns but still is at the second spot due to the reason that other top cryptocurrencies have 1-year returns in the negative.

While BTC is at the second spot, Binance Coin (BNB), the native token of the largest cryptocurrency Binance is the winner with 100 percent gains. If we take a look at other cryptocurrencies, Chainlink is the winner with almost 300 percent gains.

As per the data provided by Messari, Chainlink is followed by Bitcoin SV (185%), Ravencoin (130%), Holo (100%), Enjin Coin (42%), Moeda Loyalty Points (28%), and Basic attention Token (24%). However, with over 98 percent losses, RChain is the biggest loser.

Currently, the flagship cryptocurrency is trading at $8,005 with 24 hours gains of 0.72 percent. In the past seven days, BTC/USD is down by 6.54 percent while in the green by over 32 percent in the past 30 days and up by 115 percent till date in 2019.

Bitcoin is the Least Volatile Crypto-asset

The cryptocurrency market is known for being an extremely volatile market, much more than the stock market.

Volatility is actually the amount of uncertainty or risk associated with the size of the change in an asset’s value. A higher volatility means the value of an asset is spread out over a large range of values, meaning its price can change dramatically over a short time period in either direction. On the other hand, lower volatility means the value doesn’t fluctuate dramatically and tends to be more steady. Speaking of being steady, take a look at this monster chart.

Among all the cryptocurrencies, Bitcoin is the most stable one as in the past one year, its volatility has been the least at 0.55.

BTC is followed by Monero (0.78), Zcash (0.79) Binance Coin (0.79), Ethereum (0.81), Decred (0.82), Dash (0.82), Litecoin (0.83), Bitcoin Gold (0.83), and Lisk (0.84). Meanwhile, PChain has the highest 1 year volatility at 5.13.

Bitcoin’s price is $7,975.53 BTC/USD exchange rate today. The real-time BTC market cap of $141.55 Billion currently ranks #1 with a chart dominance at 55.51%, daily trading volume of $3.96 Billion and live coin value change of BTC -0.99 in the last 24 hours.

Latest Bitcoin Price News and Analysis

Latest Bitcoin Price News and Analysis

Read Original/a>
Author: AnTy