Early Tuesday, Bitcoin rose to a 10-month high, hitting a price of $ 8,335. Since then, the king of cryptocurrencies commutes below this area. Some observers interpret this as the first symptoms of the upswing.
The Altcoins, on the other hand, continue to shine with green numbers. Ethereum (ETH) rose on the crypto exchange Bitstamp up to 264 USD. The Coin reached its highest level since October 1, 2018. At the same time, the course taught the co-founder and CEO of BitMEX, Arthur Hayes, a better one. Hayes had, as reported in the blog, 2018 still declared Ethereum will continue to fall and to “a two-digit Shitcoin” develop.
Ripple XRP surpasses Ethereum's recovery. At the time of writing, Ripple XRP was the fastest growing cryptocurrency. The price of an XRP coin at the time of writing was $ 0.46. This is the highest level since December 24, 2018. Thus, the cryptocurrency in the 3-day chart shows a “double bottom breakout” (a trend change from the downtrend to the uptrend). From this it can be concluded that Ripple XRP could rise in the short term up to 0.50 USD.
The boom has boosted Altcoin market capitalization to $ 95.65 billion. As a result, the market capitalization will be at the same level as last seen on November 8, 2018.
The little ones are also in demand
Even the smaller Altcoins are enjoying great popularity in the current upswing. For example, Project Pai (PAI), the 71st-ranked crypto currency by market capitalization, has gained 28% in the last 24 hours. Tezos (XTZ) has risen by as much as 21 percent.Also worthy of note are Lisk (18 percent increase), Ravencoin (also 18 percent increase) and Chainlink (17.7 percent increase). But aelf, NEO, Theta and NEM also saw double-digit price gains.
A look at the charts
If you look at the charts for Bitcoin, first pay attention to the lower peaks of the Relative Strength Index (RSI) and the Chaikin Money Flow (CMF). These indicate that the upswing of Bitcoin is weakening. It could therefore come to a price decline. This could go down to the $ 7,300 support level of the rising trend line.
Ethereum has broken the trend line that has been falling for 16 months, while the moving averages of the 5 and 10-candle areas are pointing upwards, indicating an uptrend.
Ethereum's price could therefore reach the resistance level of $ 275 in the near term.
Author: Peter Joost – Source Post: https://www.kryptovergleich.org/ethereum-and-ripple-xrp-legen-kraeftig-zu-waehrend-bitcoin-kurs-btc-sich-eine-verschnaufpause-goennt/
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