Altcoin

Ripple is range bound between $0.45 and $0.50 price levels. Today, the XRP price rises to $0.487 high but presently the price has fallen below $0.48 low. There is a tendency for an altcoin to further decline. In the previous price action on March 4, XRP rallied to a $0.487 high.

Bitcoin Cash has pulled above the $500 support and attempts to resume an upward move. Today, the upward move is facing some resistance as the altcoin resumes a range-bound movement below the $600 high. In the previous price action, BCH was trading above $680 support.

Ethereum (ETH) price analysis. October 8, 2020. Ether is on a downward move because the biggest altcoin fails to rebound above the $350 support.

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.

Talks about Ripple being a scam pop up every now and then. The altcoin’s runner, Brad Garlinghouse even had to handle several lawsuits concerning registration problems. Nevertheless, XRP remains the third-largest by market cap.

Bitcoin, the first and the most commonly known cryptocurrency in the world is not a perfect currency for every use. It now faces stiff competition from alternative currencies (altcoins) such as Ether, XRP, Tether, Litecoin, among others in terms of market capitalization as well as the amount of data stored on its blockchain.