Bitcoin, Ether, Ripple, EOS and BCH All Shine in Past 7 Days
Bitcoin, Ether, Ripple, EOS and BCH all are performing well
From the past seven days, cryptocurrency market is booming. All the named cryptocurrency be it Bitcoin, Ether, Ripple, EOS or Bitcoin Cash are showing bullish signs. If we talk about gain in percentage from last seven days, Bitcoin is raised by 21.80%, Ethereum by 39.36%, Ripple by 40.89%, EOS by 51.84% and Bitcoin cash by 21.7%.
Let’s have a look at the exact prices USD on 7th April ’18 and today 14th April on 12 pm, we see that all the values have been increased in last seven days.
|Cryptocurrency||Price (USD), April 7||Price (USD), April 14|
All the 100 cryptocurrencies are raising their value except only 1 which has dropped. This month that is how was estimated to perform well by all the cryptocurrencies. This means that money is flowing in the whole cryptocurrency market.
Let’s see the price of last 24 hours from CoinMarketCap, we find that all the top four Bitcoin, Ether, Ripple, and Bitcoin Cash are raising and only one EOS is decreased, see the table below.
|Cryptocurrency||Change (24 Hour; in %)|
Some of the cryptocurrency critics are not surprised by the prices. Mathew Spoke, the CEO of AION and a founder of Ethereum Alliance Enterprise said that he is very positive that this year all the cryptocurrencies will outperform. And the large part of the cryptocurrency market is the reflection of what innovative steps are being taken pertinent to cryptocurrency market.
In the same way, Shidan Gouran who is president at Global Technologies Corp, New York said that this little swing in the cryptocurrency market is appearing because of the tax season. People need to pay their bills and taxes and need some amount handy to pay their taxes that might be owned by many cryptocurrency traders. If they don’t have enough money handy, they have to sell off some of their cryptocurrency. Thus, there was the biggest dip in the prices in the starting of April month because of the excess of supply. April 17th is the last day of depositing taxes in the USA, now people will get a refund or might be they have gotten the same.