For the last 7 seven days of trading crypto, most of cryptocurrencies in double digits gains, in exceptions of Litecoin (LTC), Ethereum Classic (ETC) and IOTA, percentage gains only 6.38%, 9.29% and 8.09% respectively. See charts below as of writing this article.
This is a good sign going to the upcoming update August 1, 2017.
If you bought some coins first week of July, where all crytocurrencies in bloody red losing day after day, you will find yourself a rich person today.
Checking the bitcoin chart, you will see a sell off of coins started July 7 and deep dive to as low as $1826 last July 16. This is also the day where Bitcoin started to back up and now at $2777.1
Ethereum also suffered the same results of that week. The chart enough to give you detailed information of what’s going day after day of trading.
And IOTA Chart.
Any activities of Bitcoin, the good and the bad will affect the market trading of alternative cryptocurrencies. But this will change in the near future as other businesses will adapt Ethereum which is not dependent to Bitcoin transactions.
Who know EOS, the “Ethereum On Steroid” will overtake both Ethereum and Bitcoin. Time will tell. Well come to this article and see how EOS perform for the next 1-2 years.
As always, do your own due diligence before investing your hard earned money.
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Image chart from coinmarketcap.com and bitfinex.com