Some altcoins are making a nice little comeback, with STEEM leading the pack!

While Bitcoin is still hovering around at a disappointing 8000 euros (or 10,000 usd), I am seeing some altcoins making a nice little comeback in the last 24 hours (relative to BTC), as you can see from the figure below (the column Change in 24 hours w.r.t BTC is quite green),

As far as prices during the last hour are concerned, you can see that STEEM had the biggest gains there at 5.36% (5.45% relative to BTC), with SBD not that far behind, and DigixDAO has been doing quite well all along the bloodbath that has been happening in the last few days. Like I had said before in some of my previous posts, I think this has to do with the fact that DigixDAO is backed by gold. Therefore, when the prices of all other currencies are declining, people feel safe to buy DigixDAO.

Overall, the total value of my altcoins has increased by 5% in terms of BTC, during the last 24 hours.

Prediction on Bitcoin?

Well, I am not an expert in predicting the value of Bitcoin, but If I see the buy and sell volumes on Bitstamp (shown below), I see a bid wall at around 7800 euros and an ask wall at around 8200 euros. So, it seems like Bitcoin is gonna hover around between 7800 and 8200 euros for a while.

However, like I said, I am not an expert in predicting values of coins, so do a good research yourself before making a decision.