The week has started off with a good sign for all the cryptocurrencies. The market has seen a significant increase in terms of volume and value. This has led to a lot of hope in the crypto-space where investors have started to believe that all the coins are going to be in green for a long time and the bloodbath will subside.
The crypto-space is buzzing with excitement around with the changes that are going to take place in few days. For instance, the cryptocurrency market cap has gone up to more than $400 billion, the Bitcoin Cash [BCH] fork is scheduled for May 15th and November 15th, the Tron Main Net Release which is scheduled for May 31st, the EOS Main Net release set on June 2nd, Ripple Santander tie-up and AWS Ethereum mining template has geared up the market.
Bitcoin [BTC], Ethereum [ETH], Ripple [XRP] and Bitcoin Cash [BCH] have broken the resistance mark and have started to trade in a comparatively higher value and has set their new mark. At present, Bitcoin [BTC] has a dominance of more than 37% in the market.
According to CoinMarketCap at press time, Bitcoin [BTC] is currently trading at $9324 with a market cap of $158 billion and has seen a significant rise of more than 5% in the past 24 hours; Ethereum [ETH] is currently trading at $697 with a market cap of $69 billion and has seen a significant rise of more than 8%; Ripple [XRP] is currently trading at $0.916 with a market cap of $35 billion and has seen a significant rise of more than 4% in the past 24 hours; Bitcoin Cash [BCH] is currently trading at $1454 with a market cap of $24 billion and has seen a rise of more than 2% in the 24 hours.
Many market speculators believe that all the top coins and alt-coins are going to trade in higher values in the following few days. They even speculate that Bitcoin [BTC] is going to hit $10000 and Bitcoin Cash [BCH] is going to hit $2000 in coming few days.
Steven de Bruijn, a crypto-trader says:
“I just saw a bitcoin cash sell wall of 1200+ coins on bittrex get eaten within an hour. First someone filled half the entire order, and then the rest of the buyers chipped away at it. Crazy day where some fortunes will have been made and others lost. Congrats on the 600 BCH.”
Orchidd77, a Redditor says:
“Fuck yeah! Let’s go boys! Someone start thinking up some 20k memes in advance this time. The lack of good 20k memes was one of the main reasons for the ‘dip’.”
Kara Jenavive, a BCH investor says:
“BCH is making history right now. We are fulfilling Satoshi Nakamoto’s dream. It going to go all the way up in terms of volume and value.”
Chewiecoin, an XRP/Ripple enthusiast says:
“How nice is it to see XRP price holding in the mid to high 60’s? This is great news. I feel the whole market is now recovering and XRP, due to all the great partnership news, will benefit the most of all coins from this.”
Mike Geller, a crypto-enthusiast says:
“I’ve been waiting for this for a long time. The next resistance point is probably going to be at 10K. Once that is crossed, its partyyy”
Daniel Adams, a cryptocurrency trader and investor says:
“I’m market looks highly bullish. Be prepared for more surprises. We gonna be back to breaking records again.”
Dave Bryan, an investor from Westminster says:
“All the banks are interested, all the governments are interested. The crypto-space is slowly gaining attention and it’s from the big guns. Hopefully, the prices will explode soon”
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