The crypto markets are reddish enough to predict that there will be no significant rapid surge in the near future. The Bitcoin is moving around 10k and some analysts predict that it is the fair value and there will be no drastic change is expected in the next few months. This context is clearly stated by the Loomdart in a tweet:
we will chop around the $10k mark for literally months as this is near enough a fair value for $BTC
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lower band $8k, higher band 12k
anyone expecting a breakdown to sub 6k is delusional, anyone expecting a breakdown to above 14k is delusional.
— Crypto Loomdart (@loomdart) August 26, 2019
The price tag of bitcoin is standing at $9416.56 at the time of writing. The performance of BTC is not very satisfactory when checked the scenario of 24 hours and nearly -6.87% happened in the specified time period. The same condition was noticed on 15th August and then price showed a great rally and it was expected that it may touch the hook of $11,000 but it did not happen. The value again crossed the figure of $10,000 and continued its journey in the bearish trend. The technical analysis demonstrated that it may remain the same in the next few months.
Ethereum coin is holding the mark of $169.89 currently with -9.20% in 24 hours. It shows that the Ethereum is dipped in the bearish season to an extreme level as shown by the percentage of one day chart. It started to crash and slip from the mark of $187.39. After the 3 day movement of the token, the value is finally down following the rest of the crypto markets. It is expected that Ethereum may show a good price rally when the markets will be balanced.
As the markets of digital currencies are showing negative behavior, the Ripple is following the same road and its current price tag is $0.251 at the time writing. If we estimate the performance of Ripple, we come to know that this shortfall is started from 25th June and almost lost -36.30% till the mid of July. And then the same behavior is noticed and it further lost -19.47% in the time frame of 30 days.
The cryptocurrency Bitcoin Cash is now counted in top coins by market volume and considered as the competitor of Ripple and Ethereum. The current price of BCH is $281. It showed a great dump in a very short time as the position of the token was at 308.5 on 17th August which now has dumped to the current figure of $281. The blue line of BCH in the one day chart is clearly demonstrating the latest slump of the coin.
The coin has shown a slump in the price value and the current tag is standing at $65.06. If compare the performance of Litecoin with the rest of the market, the startling fact revealed that the token is performing very good but the present dump in the crypto markets has also ruined the price of LTC.