Date: 2018 July 14
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At the time of writing, the Bitcoin price is sitting at $6,240 USD representing a 0.28% of loss in the span of 24 hours, during the 24 hours of time $3.55 Billion worth of BTC were exchanged in multiple exchange with multiple pairs. The price of BTC is consolidation around $ 6,000 USD TO $ 6,600 USD. We can say that the Cryptocurrency market have been for downtrend after high gain during january of 2018. From the Date of create to till now, bitcoin have been a king of Cryptocurrency but in fact the market cap which is hold by bitcoin are decreased from the 90% to around 43%, still around half of total market are held by BTC.
It is still expected that the price of Cryptocurrency are in downtrend, trader and investor should wait for the signal for buy a Bitcoin and altcon, but for now they can accumulate some altcoin as well as bitcoin.
Picture: Bitcoin Price of 2018 July 14 (Source: Coinmarketcap.com)
At the same time, the Ethereum is sitting at $433.73 USD, representing a 1.09% in past 24 hours, the price of Ethereum was $438 USD went down to $433 USD. It is expected that the price of ethereum will stay around $420 USD to $450 USD around this week. The ethereum has a strong market with strong believer. The price of EThereum was on 2017 january $10 USD, after one years the price of this smart contract coin went to $1400 USD around, this is huge gain around 14000% gain in one years.
Picture: Price of Ethereum on 2018 July 14 (Source Coinmarketcap.com)
For long term investment Ethereum is considered one of the Best coin in the Cryptocurrency market.
Let’s see, ripple third largest coin, the total market capitalization is 17 Billion with 159 Worth of RIpple were exchange on Multiple exchange with multiple pairs. In present XRP is sitting at $0.43 USD, Ripple is weak coin of the week, it is in downtrend, it’s better to buy while it is in uptrend, investor and trader should confirm uptrend before buy it or they might short it.
Picture: Price of third largest by market Cap XRP, Ripple (Picture: Coinmarketcap.com)
Let’s get in to altcoin, the Bitcoin Cash, at the present time the price is sitting $693.00 USD, representing a 0.88% loss in the 24 hours of time, this coin was created by the fork of Bitcoin. Most of trader or investor who has a lots experience they don’t recommend to buy BItcoin cash, even for my personal view its not better for long term investment.
EOS, the Fifth largest coin by the market capitalization, it has a lots of potential for long term support, around few week the price of EOS went to $ 23 USD, at the time of writing the price of EOS is sitting at $6.88 USD, investor could add some here for long term however they need to wait for trend confirmation before that.
Litcoin, competitor of Bitcoin, now sitting at $76 USD, representing a 0.93% loss during 24 hours of time. Investor could add some here for long term.
We saw the gain for Stellar, Cardano, Zcash, 0X(ZRX), BAT (Basic attention token) and TenX as a strong coin of day during the 24 hours of time.
Picture: Top 8 Cryptocurrency Price in Market (Source: Coinmarketcap.com)
The total market capitalization of Cryptocurrency are now at around $246 Billion, in the last 24 hours, the market lost around 3 BIllion, from word of it. Lots of negative news still impacting in
Picture: Market Capitalization of Cryptoworld (Source: Coinmarketcap.com)
The total market Capitalization of Crypto world went to 800 Billion from 17 Billion in one years, during the 2017, this is huge gain on these market.
Picture: Market Cap of Crypto World during 2017 to 2018 (Source: Coinmarketcap.com)
Conclusion
Cryptocurrency are in downtrend, but in fact there is lots of room to grow. 2017 the biggest years of crypto word, for BItcoin as well for alt coin because of lots of positive news in market with exciting for decentralize world, the price of them lead to high, but we might see lots of gain in the last quarter of 2018, of course it will depend on the news as well as some regulation from the different kind of government from different, but one things is sure that this technology going to change the world. BItcoin is bubble, but till this time when new technology come better than bitcoin. At the moment, this technology changing the world.
Writer
Shiva Prasad Bhandari
LInkedin: https://www.linkedin.com/in/shiva-prasad-bhandari-b1b37b130
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