Popular cryptocurrencies rise in price ahead of bitcoin halving

By Stormgain | Stormgain | 8 May 2020


The most popular cryptocurrencies demonstrate a fairly active growth in quotations in anticipation of bitcoin halving in mid-May. The Bitcoin exchange rate, according to the cryptocurrency trading platform StormGain , temporarily rose above the psychological mark of 10 000 dollars, which happened for the first time since February. Market participants are waiting for a bitcoin halving, as they expect that it can change the entire mining industry, which is currently concentrated mainly in China.
Another positive news came from Ethereum developers: they will introduce free transactions and scaling in the current version of the network.
It is likely that the current growth of the most popular currencies will continue in the near future. In this case, Bitcoin can again rise above 10 000 dollars with the next goal of 10,500 dollars. Bitcoin Cash has a chance to rise in price to $255, Ethereum - to strengthen up to $220, XRP - to $0.22, and Litecoin - to $49.

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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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