Albert Libenzon has two degrees in law, finances and management programs. He is an active investor and trader, working as cryptocurrency price analysis author and journalist at CoinIdol.com.
The emergence and growth of the popularity of the alternative currency Bitcoin has led to the creation of many other cryptocurrencies based on Bitcoin Blockchain code. All these cryptocurrency have the generic name - Altcoins.
After a brief sideways trend during the middle of the week, DASH moved into an uptrend again. In this 100-day rally, DASH is breaking all the records. For investors, it's time to pay attention to this cryptocurrency and assess its capabilities.
Finally, after a long fall, Dogecoin makes feeble attempts to recover its price. Cryptocurrencies with a low price are becoming attractive to buyers, however, demand is still lower than we wish.
Yesterday, August 10, the Bitcoin price soared to $600, and then dropped to $593. The reason for this growth was the resumption of BTC trading at the Bitfinex Exchange.
The dynamics of Litecoin price movement over the past week were mixed, but by looking at the weekly chart you can see the decline of LTC. The Litecoin price is steadily declining for a second month now.
In recent days, the Ethereum price stopped declining. A few days ago, ETH/USD exchange rates were at around $11.0. Today Ethereum rose slightly, but it still can’t make a bigger jump.
Unlike other cryptocurrencies, DASH managed not only to recover from the shocks caused by problems at the Bitfinex cryptocurrency exchange, but DASH’s price also showed significant growth, ending the week with the highest rates for the last 90 days.