Do you want to know what are the hottest and top Cryptocurrencies for this week? Well, you could say that indeed there are a lot of things going on within the whole crypto market right now, yet despite all of it, you might still want to check out the best performing cryptos this week. Sort of a tip, the prices go up and the prices go down, that is the cycle, do not stop on analyzing and studying the trend. While others are panicking, go and continue learning!
Bitcoin is the number one cryptocurrency in the market for the longest time. It is also the crypto that paved the way for the whole cryptocurrency industry to be much known in the world.
Bitcoin in general is expected to serve two (2) purposes: to serve as a digital currency for person to person (P2P) transactions and serve as the “gold reserve” when the time has come and Bitcoin and all other digital currencies have become the main tool in payment transactions, or in other words, when the fiat cash has been eradicated and cryptos become the new money.
However, BTC is facing trouble right now as it is expected that if the bears sink the price below $7,000, the possibility of a decline to the critical support at $6,512.01 USD increases.
Bitcoin SV (BSV)
Bitcoin SV is a fork of Bitcoin Cash (BCH). This fork was done in-attempt to actually restore the original protocol which is defined on Bitcoin 0.1. After its forking, BSV has consistently remained in the Top 20 in the Market Cap, proving that this cryptocurrency has been trusted by many, and is seen to have a potential in the near future. It is also said that many developers and businesses had chosen to shift to BSV believing that it seeks to use the original proposed version of Bitcoin compared to the other that are in the market today. This is said to be done through BSV’s emphasis on scaling on chain faster than most.
Ripple is also one of the most popular cryptos in the market today, and since the time when crypto has been facing constant decline in prices, XRP remained to manage its place on top. And as of the current time, XRP is still one of the most trusted and top performing cryptos today.
In December 2014, there is said to be a failure of bulls that propelled to a price of $0.22 USD. This incident was said to get more sellers attracted. However, the prices went down to $0.20041. With this, the RSI is expected to be close to the oversold zone. This basically means that bears have the advantage on XRP.
LEO is a cryptocurrency token that operates on the Ethereum platform, and it has a current supply of 227,314,537.886 with 226,985,858.368 in circulation.
The last known price of LEOcoin is $0.005054 USD and is down -0.56% over the last 24 hours. It is currently trading on 3 active market(s) with $1,652.43 traded over the last 24 hours.
On December 13, XTZ has been turned down from more than the $1.65 level which made its price dip into the 20-day EMA to buy. Because of this, in every minor dip XTZ is being purchased. Now, the bulls are expected to scale above the $1.65 USD. If even more successful, the price is even expected to pick a momentum of up to $1.85 USD each.
The continuous movements in cryptos give people (who also would have hätten mit Bitcoin Circuit investiert) different points of view on what could possibly happen to the fate of cryptos. What would be your take? Hope you’ll get the best options!