Still Afloat: Altcoin Prices Go Up Despite The Stall In BTC Downfall

Nov 15, 2017 at 13:28 // News
Author
Lana Smiley
Altcoin price forecast

Despite the previous gloomy predictions of altcoins prices falling with the pump of Bitcoin, they are steadily increasing. However, we haven’t seen the pump yet, but still, it is unlikely most altcoins will suffer that much, at least, for now.

Ethereum 15.11.2017.jpg

CoinMarketCap shows quite bright data concerning the most popular altcoins. Ether’s price has increased by 2.40%. ETH now costs $335.81. For a Ripple coin, one will have to pay $0.210651, which is 1.93% more than previously. A similar situation may be observed with Litecoin - its price has increased by 4.52% ($64.06). Dash costs $431.61 (3.10%). 

Ripple 15.11.2017.jpg

Litecoin 15.11.2017.jpg

Dash 15.11.2017.jpg

The “loser” of the last 24 hours is Bitcoin Cash. BCH costs $1269.22 (-5.73%), and its decrease was quite predictable as Bitcoin has roused again. Those two seem to be unwilling to make peace and are continuing their competition. 

Bitcoin Cash15.11.2017.jpg

Market experts are optimistic towards altcoins. The market has been quite unpredictable recently, so it’s hard to make any predictions, however Alexis Roussel, a co-founder of Bity, a cryptocurrency broker in Switzerland, trading with bitcoins and ethers, and managing a network of Bitcoin ATMs, thinks “BCH could stabilize, and other alts could benefit except if another black swan event happens.” 

Alexis Roussel

Talking about altcoins, namely ETH, Andrei Popescu, a lifetime member of the Bitcoin Foundation, and Chief Experience Officer at C.O.S.S. PTE LTD, a platform which encompasses all the features of a digital economic system based on cryptocurrency, stated to Coinidol: 

Andrei Popescu

“Ethereum seems to be stuck in an accumulating energy channel between $280 and $320 but there is a different type of scenario here as a lot of selling pressure can appear as every ICO/TGE/Token Swap raised most of their funds in ETH.”