Altcoins see Red, While bitcoin shows DOGGED resilience
The cryptocurrency markets are some what looking bearish just have a look at all the top twenty coins by market cap seeing losses 3 to 5% on average
Bitcoin continues to relative resilience the top coin nonetheless continues to trade below the 6500$ price point. Despite a short lived market recovery on august 17 most of this week has seen distinctly lacklustre performance across the abroad.The hangover from mid august market crashes continues, Bitcoin is seeing virtually no change over from the past 24 hours at press time ,trading at around 6400$ according to price index b
instead that there is some dumped in BTC price from 6400$ to 6260$ the sudden price dump was 140$ at midnight , the coin has pushed back to trade within the 6400-5000$ range for most of this month
BITCOIN has been in steady range for the past 6 months if we look at the graph we can see there buyers si moving above 5000$ a coin
AS we know that a stable price is necessary to maintain a store of value and here we are on the right track
ETHEREUM
// ethereum is looking good from past one week
as usual we can see that ethereum has gain 8% on its weekly chart.Ethereum remains down by 40%
ALMOST all of the other top twenty coins on coinmarketcap listings are red, with the exception of VET ranked at 19th which is 4 percent up on the
look at EOS and IOTA are down 5.5 and 4.3 %
ADA (cardano) has dip almost 5.2%
THE coin which is working on financial services or giving credit to its partners named as DISTRIBUTED CREDIT CHAIN(DCC) ranked at 276th position is going to be good in future
BUT ON 22 august we can the market is going green
the percentage of BITCOIN BTC Is almost 6% up
ethereum is 5.63% EOS 8.67% up xrp also looks good now growing up to 6% and now trading at 0.34$
VET is growing tremendously today
cortex is 54% up today
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