The most popular cryptocurrencies still look ambiguous on Thursday, but still, an upward trend prevails for most instruments. According to the cryptocurrency trading platform StormGain, only XRP quotes are in the negative area.
The market was supported by an analysis conducted by experts from the investment giant JPMorgan, which showed an increase in demand for bitcoin on the part of young investors. At the same time, older investors, according to the research, are more conservative and rather prefer traditional instruments.
Another good news was the announcement by Ripple, which announced its intention to continue investing in a company that creates software for the XRP Ledger. XRPL Labs will use the funds raised from Ripple to support the continued growth and development of the XRP-based Xumm wallet.
The negative for the market was the estimated damage from the 51% attack on the Ethereum Classic network, which, according to experts, amounted to approximately $5.6 million.
In the near future, the most popular cryptocurrencies will probably be able to demonstrate the positive dynamics of quotations with a united front. Bitcoin has a chance to rise to $11,800, Bitcoin Cash to $290, Ethereum to $397, XRP to $0.3, and Litecoin to $60.