How Did the Fab Five Finish?
Since the previous day, the five most-watched cryptos (Bitcoin, Bitcoin Cash, Litecoin, Ethereum, and Ripple) provided their holders with a return of 0.81%. The best performer of the bunch was Bitcoin Cash, which went up 2.81% and currently is sitting near $312.18 USD. In terms of the worst performer, that would be XRP, which reported a day-over-day return of -0.66% — a move that puts its price around $0.264255 USD. Three of the coins had up days, which is a mixed sign for the crypto sector.
Interested in trading these currencies? Some brokers to try: 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. Also of note for technical traders are the following developments in price action:
- If coins without a clear trend are your thing, consider Bitcoin Cash and Ethereum. Those have not been in any clear trend over the past 14 days, and thus might be of interest to rangebound traders.
- If coins in a clear downtrend are your thing, consider XRP, Litecoin, and Bitcoin. Those have been in a clear downtrend over the past 14 days, and thus might be of interest to trend followers comfortable with short selling.
What Does Transaction Data Tell Us?
Ripple had more transactions recorded on its chain yesterday than any other coin; to be precise, it had about 13% more transactions recorded than Ethereum, which was the runner up for the day in terms of transactions recorded. Ripple has a transaction fee less than the transaction fee of Ethereum,