ForexMinute.com – With another week soon to commence, the weekend ended with a happy note for almost every cryptocurrency in the top ten. While Bitcoin’s value recovered to normal, Litecoin, Auroracoin also showed slight improvements. Dogecoin, the top performer of the previous week, also remained steady throughout the weekend
The major surprise however came from Nxt, whose market cap increased massively and is now the sixth largest one.
Following is the elaboration of aforementioned details:
Even with Square and Stripe announcing to accept Bitcoin as its alternative method, the world’s first cryptocurrency received its major blow on Thursday after the major Chinese banks were forced to withdraw their bank accounts from conventional banks, acting on the orders issued by PBOC. Although, Friday brought stability in the BTC/USD pair, which further followed throughout the weekend.
Trading at around $433, the BTC/USD pair saw a surprising rise on Saturday, as no influential event occurred that could affect the price. By the end of Saturday, the BTC/USD pair had reached around $452. Sunday also saw an uptrend in the BTC/USD graph, where the value steadily mounted and is currently trading at around $463.
Altcoins are Steady
Litecoin, Dogecoin, Peercoin are also in accord with BTC/USD prices, and are moving steadily. The maximum raise however is achieved by Litecoin, which has risen over 5% in the last 24 hours and is currently trading at around $11.56.
Dogecoin and Auroracoin are solidified with improved performances in previous days. While Dogecoin, which was hailed on Thursday for being the only currency whose value raised massively, Auroracoin took its time to recover and showed few hints on Friday to be stable. As expected, both the cryptocurrencies remained non-volatile throughout the weekend.
The DOGE/USD value is currently trading at 0.00047895 after rising around 1% in last 24 hours. Its previous day’s peak value was noted at 0.00048282. The AUR/USD value meanwhile is currently trading at $2.05 after rising around 3% in last 24 hours. It although reached the peak value of $2.247 on Sunday, but fell marginally due to the holiday as expected.
Nxt Enters the Top Ten
Touted as the next generation of cryptocurrency, it stylishly lost its ‘E’ and became ‘Nxt’ – the coin for the future. Though what it gained was the investors’ eyeballs, which further reflected its recent rise. Nxt, within days of its launch, beat Auroracoin, Mastercoin and Namecoin to become the cryptocurrency with the sixth largest market cap. According to CoinMarketCap.com, Nxt currently holds around $29m with its each unit price trading at around $0.028.
We will soon do a special story on Nxt. Keep watching this space.
To contact the reporter of the story: Yashu Gola at firstname.lastname@example.org