Sliding Moves Of Top 5 Cryptocurrencies
Struggling to survive
Unfortunately, the good prognosis for this October was ruined in its second half. The final date of the month brought us not only Halloween but also spooky cryptocurrency prices’ sliding moves.
So let’s have a closer look to all the sliding moves.
Sliding moves of Bitcoin price
Soon after the middle of October passed, cryptocurrencies started to fall again. This time much deeper than before.
On October 20, BTC price slid down to 6532.13 and in two days managed to recover to 6637.52.
Yet, this did not last for long. The next surprise came on October 29 when the USDT/BTC pair deeped from 5601.73 to 6341.61.
At the moment of writing there was no significant changes in price: 6407.66.
The lowest price index: 6331.48
The highest price index: 6771.98
Sliding moves of Ethereum price
ETH also started to perform sliding moves on October 18: the price fell down from 216.04 to 204.42. In the following 11 days the price balanced between 203.42 and 207.40 without any significant changes. Finally it all ended up with a further decline to 196.28 on October 29.
This morning Ethereum managed to rise to 200.09. Yet, no one knows for sure whether it helps the cryptocurrency.
The lowest price index: 196.41
The highest price index: 215.76
Current exchange rate Ether (ETH) price to Bitcoin (BTC) price is 0.031224
Ripple (XRP) price
For the past few weeks Ripple has made a number of falls and attempts to rise. It all started on October 20 when the USDT/XRP declined to 0.4593. Small arise to 0.4721 and further sliding moves to 0.4484 took place on October 20–23.
The latest significant changes in price were performed on October 29. The USDT/XRP pair slid from 0.4727 to 0.4421 in 12 hours.
Today Ripple managed to recover and reach 0.4636 mark.
The lowest price index: 0.4412
The highest price index: 0.4886
Current exchange rate Ripple (XRP) price to Bitcoin (BTC) price is 0.00007206
Bitcoin Cash price
The BCH/USDT pair performed a real roller coaster ride these days. A ‘traditional’ sliding move on October 18 made the price change from 470.83998 to 442.33215. The very next moment BCH started to climb up. The next point was reached on October 22 and made 463.10214.
The next step was a permanent sliding move down to 441.92490 which ended up as a sharp fall to 417.89687 on October 30.
However, Bitcoin Cash seemed to be the luckiest cryptocurrency of all. The very next day the price recovered to 429.30000. At the moment of writing the BCH/USDT price has already reached 460.65865.
The lowest price index: 417.89687
The highest price index: 467.17469
Current exchange rate Bitcoin Cash (BCH) price to Bitcoin (BTC) price is 0.06665300
EOS price
Since the middle of October, EOS also had to undergo through some price changes. It also started with a fall from 5.59349 to 5.36334 between 17 and 19 of October. Later on the price had to balance between 5.40714 and 5.54511.
The key point in price changes happened on October 29 when USDT/EOS performed a sharp fall from 5.42844 to 5.12414. For a few days the price was quite stable, until October 30. Later it made a number of leaps up and finally reached 5.40288.
The lowest price index: 5.06621
The highest price index: 5.56658
Current exchange rate EOS (EOS) to Bitcoin price is 0.00082800
So, all of Top-5 cryptocurrencies fell down and mostly did not managed to recover. So it can be a perfect time to buy them cheap, if you look for the future.
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My name is Richard Godard. I`m a cryptocurrency trader with several years of experience. I`ve tested several exchanges and finally chose hitbtc.com as my primary trading platform. I’ve been trading on HitBTC since 2016.
Originally published at hitbtc-review.net on November 6, 2018.
