Daily Cryptocurrencies News (03.22.17)

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DCN aims to give you information about the last 24h of the cryptoworld. The chronicle will cover 3 altcoins.


Bitcoin

As usual, the Bitcoin has resumed a gradual rise of its price since the fall of March 18. It went down 3 times to (~ $ 940), in a 24 hour period. Until arrived yesterday around $ 1120 and then go down as you can see. It is quite typical to see the BTC rebound after a fall, and engage a gradual rise over several days. But that said, a free fall can always happen. Concerning its daily volume ($ 347,881,000), there is a slight increase. Today BTC seems to have a significant volatility, this can allow for good margin. But playing with the curve may be risky !

Chart from Poloniex


Ethereum

Based on the market capitalization, the Ethereum (ETH) ranks second after the BTC. After the great gradually climb over about 7 days, since March 10. Its daily volume has decreased considerably. If you do not know yet, ETH has reached its ATH on 17 March. Its price was about $ 50 per unit at the peak, which is considerable content of the fact that 7 days before, it was around $ 18 ! This makes ETH one of the biggest pumps in the last days (+177,7%).

Chart from Poloniex


Ethereum Classic

ETC is the little brother of the ETH, appeared after the hardfork of July 2016. Its current market capitalization places it at the 6th position with ~ $ 208,531,858. The ETC appears to be in an upward trend. Just in the last 24 hours, it has gone from 0.00179 BTC (~ $ 1.97) per unit, to 0.002271 BTC (~ $ 2.47). This makes it an interesting ~ 25% increase. ETC may still have some fine days before him. It should be noted that it's mined with the same algorithm as ETH, with the difference that ETC has a less elevated difficulty and a global hashrate 10x lower. However, its ratio earnings/electricity is correct, making it in the top 10 most mined altcoins.

Chart from Poloniex



I hope this may have been useful to you. However, I let you make your own opinion and view. This post is not intended to tell you what or when to buy or sell. Just few information about the cryptocurrencies.


Images source from Pixabay


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Daily Cryptocurrencies News (03.22.17) | Ecency