How the Fab Five Fared
Since yesterday, the top five cryptocurrencies — Litecoin, Bitcoin, Bitcoin Cash, Ethereum, and Ripple — have gone up 0.95% in aggregate. Leading the way was XRP, whose price is now around $0.265455 USD, which yielded holders a return of 2.39% from the day prior. In terms of the worst performer, that would be Ethereum, which reported a day-over-day return of 0.31% — a move that puts its price around $185.98 USD. Out of the five coins observed here, all five cryptocurrencies were up — which is nice for those bullish on cryptocurrencies as a whole.
Crypto brokers to trade the currencies mentioned here: Coindirect
Price Patterns to Monitor
None of the coins had surprising moves, in the sense that the prices fluctuated within the typical range they have been fluctuating between over the past few weeks. Traders may also wish to bear in mind the following events going on regarding current price patterns:
- Bitcoin doesn’t really have a clear trend one way or the other. If you abide by the adage “the trend is your friend” well, then Bitcoin is no friend of yours. 🙂
- Currencies in clear downtrend over the past two weeks are Litecoin, XRP, Bitcoin Cash and Ethereum. If you prefer the bear markets, they might be up your alley.
Insights from the Blockchains
Ripple recorded 912,999 transactions on its blockchain over the past 24 hours; that’s the best of the bunch, and about 29% over Ethereum, which had the second-most transactions recorded on its chain. Ripple has a transaction fee less than the transaction fee of Ethereum, which may indicate that transaction fees might be a key reason why users are preferring Ripple.