Most cryptocurrencies remain in an awkward state as of right now. With the Bitcoin price still in the red, it is rather unlikely most altcoins will see any real improvements. In the case of the Monero price, however, there are a lot of improvements over the past 24 hours. A surprising turn of events, albeit one that shows cryptocurrency is about so much more than just Bitcoin and Ethereum.
Even though it would appear all cryptocurrency markets will see some positive momentum sooner or later, things usually work out very differently. The Bitcoin price remains in the green, albeit slightly, other currencies, on the other hand, continue to struggle. One interesting exception is the Dash price, which is still going up.
Dash Price Rise is Strong
Over the past few weeks, the cryptocurrency markets have gone through a rollercoaster of momentum. There have been plenty of downs, mixed with a few positive changes. Unfortunately, that positive momentum doesn’t seem to last all that long these days, and the situation may not improve anytime soon.
Sundays are always interesting days for the cryptocurrency industry. Although it usually results in a fair amount of negative market pressure, this Sunday proves to be very different. The Stellar price continues to rise at an accelerated pace, as it continues a week-long uptrend without too many setbacks.
Stellar Price Peaks Above $ 0.215
Just a few days ago, it became apparent the Stellar price was on the right track. After a brief spell of continued upward momentum, the Stellar price maintained its value at $ 0.18 with relative ease. That trend has only continued ever since, as the XLM value is still rising as of right now. With a current price of $ 0.217, things are looking pretty good for this asset.
A Saturday evening in the cryptocurrency world is always interesting for various reason. Although this Saturday has not seen any major bullish momentum, the Binance Coin price is still rising rapidly. Its value has surpassed $ 14 yet again, whereas all other cryptocurrencies are in the low red.
Binance Coin Price Goes up
In the financial world, nothing can go up in value indefinitely. This is also true in the world of cryptocurrency, where volatility is the name of the game first and foremost. For the Binance Coin price, this volatility has not had too much of an impact just yet. Its value still remains near the $ 14 level despite some losses for Bitcoin and Ethereum.
The first half of 2018 hasn’t gone according to plan for most cryptocurrencies. Indeed, there is plenty of reason for short-term holders to sell off their holdings. However, there are some things to keep in mind. eToro CEO Yoni Assia is convinced selling cryptocurrency now would be equivalent to selling Apple stock back in 2001.
The Future of Bitcoin Is Still Bright
Right now, things are not looking all that great for most cryptocurrencies. More specifically, all currencies have lost anywhere from 40% to 65% of their peak values established in late 2017 and very early 2018. That in itself is plenty of reason for speculators, newcomers, and permabears to dump their coins on the market. Whether or not that is actually what is happening remains to be determined.
The cryptocurrency prices are of great interest to a lot of people. Even so, there is still a fair amount of negative pressure to contend with at all times. The IOTA price shows positive momentum can be achieved with patience and sufficient positive speculation. An interesting trend, although a correction appears imminent.
The IOTA Price Surge Continues
Whereas most major cryptocurrencies have already lost some of their most recent gains, a few currencies remain in the green. IOTA is one of those currencies, mainly because of a lot of positive announcements surrounding this project. Strategic partnerships can go a long way in the cryptocurrency world, as the IOTA price is still mainly based on speculation and hype at this point.
With so many cryptocurrencies benefiting from a brief spell of positive momentum, interesting things are bound to happen. In the case of Binance Coin, interesting things are taking place over the past 24 hours. Thanks to a solid 10.69% increase in the past day, the Binance Coin price has risen to $ 13.81 again.
Another Positive Trend for Binance Coin
Considering how Binance is the world’s most popular exchange these days, it is only normal the company’s native token is also getting a lot of attention. users can benefit from Binance Coin in many different ways, including using it to settle trading fees, among other things. As such, the Binance Coin price has risen spectacularly over the past few months, even hitting an all-time high of over $ 23 in early 2018.
There is still a fair amount of bearish pressure on the cryptocurrency markets as of right now. While all top currencies have noted overall gains in the past 24 hours, the one-hour candles look anything but impressive at this stage. Even so, the Tron price has noted some impressive gains, as its value has risen by just over 11%. A positive trend, although one that will be difficult to maintain.
It appears to be a matter of time until most cryptocurrencies go through a brief correction. With all of these gains in the past two weeks, a retrace will materialize sooner rather than later. As of right now, most of the top currencies are still in the green, although the IOTA price is down by almost 2%. While this may be a flesh wound, the altcoin is also dropping value compared to Bitcoin, which is rather unexpected.
Today may prove to be somewhat of a difficult day for most cryptocurrencies. After nearly 10 days of solid upward momentum, the bearish pressure is forming quickly. A few currencies are still in the green whereas others are bleeding value. The Bitcoin Cash price, for example, has quickly lost 13.5% in value, which is still somewhat surprising. How low this price will go in the coming hours, remains difficult to determine.
With more interesting cryptocurrency price movements over the past 24 hours, some things have notably changed. More specifically, we see the Stellar price noting some strong gains, even though Bitcoin and Ethereum are slowing down in terms of momentum. Even so, the Stellar price has risen to $ 0.35 again, which further confirms the ongoing uptrend over the past week.
A lot of exciting things are happening in the world of cryptocurrency as of right now. After a very troublesome weekend, things are slowly heading in the right direction again. A lot of markets are noting double-digit percentile gains as we speak. If the Bitcoin Cash price is any indication, things will get pretty interesting this week.
It remains pretty difficult to make sense of the cryptocurrency markets as of right now. While it seems Bitcoin is poised to note some more gains over the weekend, most other top currencies are struggling to reach any degree of momentum. The TRON price is one of the few exceptions in this regard, as it has noted a strong 15.64% gain in the past 24 hours.
A lot of things are happening across the cryptocurrency markets as of right now. Even though most of the top cryptocurrencies are suffering from small losses in the past few hours, others are bucking the trend successfully. One of the currencies a lot of people are interested in is OmiseGO. More specifically, the OmiseGO price is surging as of right now, as it has surpassed the $ 20 mark once again.