The cryptocurrency market remained stable during the last days, after several weeks in which it showed strong downward changes.
At the beginning of the week the value of the main cryptoactives stopped its decline. Bitcoin, which had fallen below $ 7,000, rose to around $ 8,000 and has remained around this value.
Ethereum, meanwhile, came to be below $ 600 per coin, a value that was not present since the beginning of December, when it began its climb that took it to $ 1,400 in mid-January. After that, it went up to $ 800, the price that is currently around.
ZCASH
Zcash is a cryptocurrency oriented to privacy, like Monero, which offers completely private transactions whose trace in the chain can not be followed.
During the last week it increased 21%, presenting its highest peak on February 9, when it reached a price per currency of $ 511. At the time of writing its value had dropped to $ 452.
The reason for this increase was the integration of the asset in OpenBazaar, a decentralized platform for buying and selling goods using digital currencies.
REVAIN
This currency, which appears for the second consecutive time in this list, is an immutable feedback platform in which participants receive payments in their token for writing the reviews.
This coin, which was launched recently, has presented a progressive increase over the last week, reaching a cumulative percentage of 51%, which puts its price at $ 2.47. This increase was due to the fact that it was listed in the OKEx exchange house, which offers exchanges between different cryptoactives. In addition, the Bitpie portfolio integrated it into its platform.
E-COIN
Finally, the currency that increased the most during the last week was E-coin, a potential fraud that on February 6 increased 4000% of its value. This currency, whose website is out of service, has been accused of fraud by various financial institutions.
It is very likely that this increase is due to the use of the technique known as Pump and Dump, in which a group of investors purchases an asset accelerated to increase its value quickly and then, with the price inflated, sell it.
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lets just see where the markt is heading in the next weeks, in an irrational market like this technical analysis may has value but at the moment its to crazy for anything substanzial.
totally agree
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