Crypto Weekly

Hi guys and welcome to another beautiful week, it’s a new week and new opportunities ahead, what are your predictions on bitcoin this week?

This past week has really been interesting with different FUD news, from exchange hack to seizure of a crypto exchange but for some reason, the support behind Bitcoin looked ever strong and nothing could push it down the $10400 mark this just create more believe that truly this is a bull market and the only way is up.

BTC

This past week was rather interesting, with an all-time high of $10900 and BTC once again failing to break the $11k mark, this later went down after series of news with all pointing to a downtrend but for some reason, the bull was ever standing and created strong support of $10400.

BTC is known to be highly volatile and the interesting part was that if this was a normal season, a considerable dump in its price would have been observed, with altcoin going to new low but the reversed happened.

While the world continues to stand in a rather unfavorable condition, inflation gradually on the rise and unemployment steadily increasing, BTC continues to beat all traditional means of saving, creating higher APR than any other investment would have given this past few months, true we had dumps every now and then but the later was more favorable than any other establishment.

At the moment, BTC is currently trading $10700 and the market is currently looking green, this might just be a good week and possibly the week we break the $11k resistance.

As usual, users are advised to do their own research before investing in any digital or offline platform.

ETH

Ethereum continues to stand tall at the 2nd spot on coinmarketcapp and it seems this spot is not going away anytime soon.

From a weekly all-time high of $368, ETH was able to pull itself back up against BTC weekly dump after dropping to a low of $339.

While the crypto world continues its uncertainty, there are currently changes going on behind the Ethereum blockchain as a reduction in transaction fee is currently the talk.

Unlike previous weeks where users had to pay transaction fees of $10 and more, it seems the network is becoming less congested and reduction in fees is currently been observed.

ETH transfer currently goes for as low as 30cents on most occasions and gradually bringing back the trust we all had for it.

Whatever the team is currently working, they shouldn’t stop and it seems there is hope ahead.

EOS

Well, we have seen worse days but this definitely wasn’t, moving from a weekly high of $2.6, EOS was able to beat the dump of $2.4 as it once again finds itself above the $2.5 mark.

Major crypto including EOS felt the shock wave that came with BTC dump and just like BTC, they too found themselves in a bearish terrain but the bull is simply not over yet.

EOS like many other altcoins, had good support and it wasn’t that much difficult to climb above the $2.5 mark the next area it has to beat is $2.6 and just maybe $3 price wouldn’t be far of anymore.

As usual, users are advised to do their own research before investing in any digital or offline platform.

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