Ethereum is processing $166 million worth of transactions every single hour, translating to some $4 billion a day, according to Shawn Douglass, CEO of Amberdata. Douglass further said 53.5% of all those…
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As is the case on most Sundays in the Crypto-markets, all coins are down in the last 24 hours save for bitcoin Cash (BCH) and DigixDAO (DGD). bitcoin (BTC) is holding steady at $9,572 and down 3.35% in 24 hours. Ethereum (ETH) is down 4.18% in 24 hours and trading at $782. Ripple (XRP) is still having a hard time maintaining levels above 90 cents and is currently trading at $0.87. BCH is doing wonders once again and is trading at $1,723 and up 2.78% in 24 hours. EOS (EOS) is still holding firm at the number 5 spot on and trading at $17.23. The token is down 5.13%.
However, tomorrow, Monday the 6th of May, is a new week and with it, a tonne of possibilities for the top 5 coins. Below are some important price benchmarks needed to maintain a bullish trend and assist in launching the total market capitalization of the crypto-verse to levels above $500 Billion.
$10,000 per BTC
has been flirting with the $10,000 price value for the last 2 days. Yesterday saw the King of Crypto only dollars away from this mark. To be precise, there was a time when BTC was $33.50 shy of $10,000. This means that this value is achievable this coming week if the trend continues and if the hype around Wallstreet investing in crypto continues.
$1,000 per ETH
This might be the most optimistic price target yet but with the announcement of sharding being a possibility on Ethereum’s platform, there is renewed interest and confidence in the King of ICOs and Smart Contracts. Perhaps even $2,500 per Ethereum by the end of the year.
$1 Per XRP
Ripple has been on the minds of many cryptocurrency HODLers for quite some time. This past week has seen the coin oscillate in the markets between the values of $0.80 and $0.927. This week has to be the week that XRP touches $1 even if it will be for a brief period of time
$2,000 Per BCH
As mentioned ealier, bitcoin Cash has been silently doing wonders in the market. This might be attributed to the slated for the 15th of this Month. This coming week looks like the week for a $2,000 BCH value.
$20 per EOS
EOS has been experiencing some normal retracement after a stellar performance in the markets since mid April. This coming week would be a good time for the token to attempt reaching $20 once again.
In a nutshell, the markets are seeing some major recovery since the start of April. This trend has been in the positive direction and points to greater things moving forward in Q2 of 2018. It is a clear indication on renewed interest in cryptocurrency by not only regular individual traders, but by big investment firms.
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I would like some confirmation from your side to know if my understanding is correct, if you dont mind 😀
