Popular cryptocurrencies are slowing growing up as part of the overdue correction in the market

Popular cryptocurrencies are slowing growing up as part of the overdue correction in the market

By Stormgain | Stormgain | 20 Aug 2020


The most popular cryptocurrencies are growing upward, as there is a need for corrective growth in the market after the fall of several previous days. According to the StormGain cryptocurrency trading platform, the rate of positive dynamics for individual instruments reaches 1-2%, but at the same time, Bitcoin is still below the psychological mark of $12,000.
This trend is observed because of reports that the number of bitcoins on exchanges has decreased to a minimum since the fall of 2018. According to experts, 2.61 million bitcoins are now stored on exchanges, which is the lowest indicator in the last two years.

The results of a study that showed that scammers on YouTube stole 1.5 million XRP from users, which is about 454 thousand dollars, became unfavorable news for investors.

In addition, the co-founder of Ethereum Vitalik Buterin said that he did not invest the money received from the sale of his part of the tokens in bitcoin, but invested it in fiat currencies.

The most popular cryptocurrencies will probably continue to grow in the short term as part of the correction, but these rates will be quite moderate. Bitcoin is likely to stay below the $12,000 mark, Ethereum is unlikely to go far from the $400 level, Bitcoin Cash from $290, XRP even risks dropping to $0.28, and Litecoin - to $60.

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Stormgain
Stormgain

StormGain is a crypto trading platform for everyone. It’s a convenient solution for those who want to profit from either the growth or decline of the cryptocurrency market and from long-term investments in crypto assets.


Stormgain
Stormgain

StormGain is a crypto trading platform for everyone.

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