fbpx
Opinions

Crypto Today — A Brief Assay

The crumble continues. The landslide turning into an avalanche is toppling prices like a set of dominoes. Chances of recovery are meek. Predictions for when the storm will be over are self-woven.

Here’s how the Top 3 spent their last 7 days.

Top 3 crypto
Source: CoinMarketCap

Bitcoin:

The king is quite ill. From the starting $4,583 this week to the current $3,746, it’s been one hell of a crash. Flooding the expectations of a bull run closing this month, it seems that keeping the $3,700 would be a struggle.

Bitcoin Chart
Source: CoinMarketCap

With news that Nasdaq is planning to operate a Bitcoin futures market by the first quarter of 2019, things might get back up.

XRP:

News kept making rounds that XRP is getting listed on Coinbase standard. Seems that it’s not going to happen.
The second to throne is under the weather too. Loosing 10 cents in a week, digital ties with Bitcoin is taking a toll on XRP too.

XRP chart
Source: CoinMarketCap

Ethereum:

Getting the brunt after Bitcoin, Ethereum lost about $30 in this week alone. Although the gap between XRP and Ethereum is still $3 billion, it’s probably a lost cause for Ethereum to dream of the second place.

Ethereum chart
Source: CoinMarketCap

Just today, Coinbase announced the support for Ethereum in a blogpost.

‘We’re happy to announce that Coinbase Wallet now supports Ethereum Classic (ETC). With this asset launch, Coinbase Wallet now supports Ethereum (ETH), Ethereum Classic (ETC), and all of the 100,000+ ERC20 tokens on the Ethereum blockchain. As part of our mission to be the easiest and most trusted crypto wallet, we plan to add support for even more blockchains in the future.’ blog.coinbase

With this crash in motion, cryptocurrency has become too risky to invest in, furthering the downfall. Investors need a stability period ASAP!

Sarim Mehmood

An electrical engineer to be. Sarim is a blockchain & crypto enthusiast and an early investor in ETH and Ethereum based projects. Contact the editor at editor.opinions@blockpublisher.com

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Close