The Bitcoin and Altcoin Bullrun Has Gained Momentum.
By Luke Flowers – Cryptocurrency Speculator
It is great news for the crypto enthusiasts as there was an upward trend for Bitcoin moving above the USD4,000 in December 2018. This shows that buying Bitcoin is in a strong zone and regaining popularity. Other Altcoins are showing positive trends as stated through Cryptonews suggesting more gains in the short term and an overall positive feeling of the market possibly inducing more to buy crypto.
Ethereum is looking to trade to a new weekly high with estimates of above USD110. The first resistance to buy Ethereum is close to the USD105 level. Bitcoin cash was also moving positively upward above the USD120 resistance and gained in more than 25%. Ripple was another climber going above the USD0.380 resistance and is likely to rise. Many of the other smaller market altcoins rose by more than 10% which included AION, BCN, STRAT, LINK, WAVES and PAY.
STRAT saw an increase of 40%. Running on the Stratis platform its vision is to become a one-stop shop for blockchain related items. It will encourage businesses to implement blockchain technology quickly. Chainlink’s coin LINK was boosted up by 25%. Chainlink is providing smart contracts to the inputs and outputs needs to reach its full potential.
As some cryptocurrencies have been in a downward trend for most of the year, it is a good Christmas sign for Bitcoin and cryptocurrency holders. If you would like to buy Ripple or any of our other currencies just click here, we are the UK’s most trusted cryptocurrency broker and we would love to help.