This week has been one swell ride as many interesting things have happened in the world of cryptocurrencies. One major event which was probably well spread and covered was the bitcoin cash and hard fork seemingly never-ending dispute as to which party was superior. This quarrel or dispute is believed to be the sole cause of the drift in prices on the 14th of this month as investors allowed the digital currencies prices to slide down significantly. This drop was very bad for some cryptocurrencies which have left them grasping for some support. However, which of the digital currencies can be considered ripe for investors after this last week?
One such cryptocurrency was XEM. While it is important to both that this digital currency does have a huge capital valuation, it is important that we note just how much of a boost their currencies have taken in recent times. This is quite significant for this digital currency after their recent hack which almost meant the end of this cryptocurrency. However, their comeback has meant that their shares and stocks have risen by over 30% this week. This is a wonderful comeback for XEM.
BITCOIN IS EXPECTED TO TRADE FOR ABOUT $15,000 DESPITE THE EARLIER SLUMP THIS MONTH DUE TO THE SAGA OF THE HARD FORK BY BITCOIN CASH AND HARD FORK
Another digital currency which is currently making waves is Ripple. According to most market estimates as for this week, it is clear and sure to say that Ripple is now ahead of Ethereum in the race to displace Bitcoin as the largest cryptocurrency at least in terms of market capitalization. It is important to remember that Ripple recently partnered with CIMB which is a bank based in Malaysia. This partnership has resulted in a boost in their stocks this week.
Bitcoin is also in this list despite its recent all-time year low due to the hard fork sage. The head of BTC asserts that the bitcoin would make a serious bounce up. While admitting that bitcoin is currently trading at an all-time low of just above the $5000 mark, it is believed that there will be a high boost before the end of the year and he expects that the bitcoin would end up trading for about $15000 mark. These are top currencies this week. Another, other top performers will emerge once more.
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