August 16, 2017 Market Watch: Bitcoin's Price Decrease, Bitcoin Cash, Litecoin and Dogecoin
Today's market watch will focus on the market values of Bitcoin, Bitcoin Cash, Litecoin and Dogecoin. Also, a three-way comparison between Bitcoin Cash, Litecoin and Dogecoin will be analyzed.
Bitcoin
Bitcoin Cash
Litecoin
Dogecoin
3-way Comparison - Bitcoin Cash, Litecoin and Dogecoin
From the data and graphs above, the following points can be inferred:
- Bitcoin's market price now shows a decreasing momentum after reaching an all-time high of $4,300-$4,400. Bitcoin's price had decreased by almost $300-$400 within a day and is continuously showing signs of further decreases. Market analysts predicted that the Bitcoin price will sharply decrease in the coming days and weeks due to a possible correction brought by the fifth wave of tremendous increases.
- Bitcoin Cash's price has been steady for the past days. No significant movement was noted on its market price and volume.
- Litecoin is showing positive signs of growth as compared to the past three months. Its price had increased from $30 in June to around $45 in Mid-August.
- Dogecoin's price is slowly decreasing as compared to prior months. No signs of increases are forecasted by various analysts.
Very good article. Good to see I'm not the only one that is thinking about this. Many people say the prices of cryptos are high but we also thought that about Amazon, Apple and Facebok last year. This is quite an interesting website I found: https://www.coincheckup.com I'm using this site that gives in depth reports on every tradable cryto in the market.