Question

Hi guys. What’s happening with bitcoin and ripple price nowadays? It’s seems going not that well as before. Is it about to bounce back or even higher than last max. Or fall of empire? And also I need some opinions on what Cryptocurrencies i could pay attention as a long term investment and some for quick tradings? Thnx for attention

Answer 1

According to Coinmarketcap.com, the price of Bitcoin has plummeted more than 16.5% over the past 2 days whereas ripple has crashed more than 24.7% over that timeframe .

The major concerns are that several major Asian countries has been cracking down on cryptocurrency trading. As per reports China is gearing up to block domestic internet users from accessing International cryptocurrency exchange. Moreover Chinese regulator's are cracking down on the Bitcoins miners.The Government are suspicious of cryptocurrency excessive speculation and are trying to curb it.

However there were three cryptocurrencies that has increased in such a worse scenario.Neblio,the world's 71st largest cryptocurrency has been the biggest winner adding more than 21.6% last 2 days.Cryptonex has gained nearly 2.1% and Tetther increased by about 1.4% in the same period.

So in my opinion it doesn't seem that Bitcoin and ripple will go well and if you want to pay attention in other cryptocurrencies, the above mentioned cryptocurrencies could be suitable subject to research.

Thank you.