We’ve been hoping and praying for this to take hold, but finally, it now seems the markets are shifting upwards.
At Crypto Daily, we have tirelessly observed market trends and live prices all morning to try and get an idea of how the current market movements are going to transpire.
Yesterday, EOS started what looks to be a chain reaction, pushing the markets in an upwards direction. Indeed, we do believe EOS really does have the ability to change the market climate and moreover, that now very much seems to be the case. Since the rise of EOS, initially saw a few currencies take heed and thus move upwards in small amounts. These ‘baby steps’ are now looking to be part of a far bigger market recovery.
With the top three cryptocurrencies, Bitcoin, Ethereum and Ripple now on board, we are quite excited about what could happen next from here, onwards.
How are things looking at the moment?
At the time of writing, Bitcoin is valued at $7,473.21, up 0.55%. Bitcoin has taken a tumble, that’s clear, however the new movement finally puts Bitcoin in the right direction. It’s on a slow trajectory but hopefully, should our prediction about the market upswing be correct, we will see Bitcoin make some good ground over this weekend.
Next up, Ethereum. At the time of writing, Ethereum is valued at $597.66, up 4.65%. Yes, this is a limited upwards movement and yes, Ethereum is still very undervalued, however, within this we can see the potential for some big things to take off here.
Finally, Ripple. At the time of writing, Ripple is valued at $0.62, now up 3.26%. Again, a slow climb and a low value, but a climb is a climb.
As I have said, this is significant as it seems that the top currencies are now clinging onto the climb. They seemed to take hold of this quite slowly, however, the only way is up from here.
At the time of writing, EOS is still leading the charge, up 12.40%. The currencies that picked up pace first of, are now well on their way up too. IOTA at the time of writing is up 6.92% and likewise, 0x is up 12.16%.
As it stands, things are finally starting to look a little more positive. Hopefully as we see these currencies climb, the weekend will bring us some much-needed solace. Next week, the markets could be in a very different condition, something we are now starting to get a little excited about.