Top Cryptocurrencies of the Week – As at Sept 20, 2018
- Bitcoin (BTC) – Price Analysis – Bitcoin this week stayed relatively stable as the market waits to see which direction the price will break out from the consolidation. We’re also waiting on the catalysts such as ETF decisions this month. However, the drawn out market anticipation of a decision delay from the SEC is likely already baked into the price, so we don’t anticipate a dramatic movement if that is the case. Bitcoin’s 60-day volatility for the past two months has been below 10%, down significantly since its high of 42% at the start of the year.
Caleb and Brown’s Spotlight Cryptocurrencies of the Week:
- Ripple (XRP) – Targeting the cross-border payments industry, the xRapid platform provides a solution that saves financial institutions 40-70% in costs and drops settlement times from 2 to 3 days down to 2 minutes
- Eos (EOS) – On our spotlight again this week, EOS is showing promise as projects continue to migrate from Ethereum to EOS (like Bancor), with EOS Application users and transactions actually surpassing Ethereum this week.
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