Bitcoin
BTC$70 171.16

-1.77%

Ethereum
ETH$3 546.10

-1.56%

Tether
USDT$1.000248

0.01%

Binance Coin
BNB$616.36

5.02%

Solana
SOL$189.14

0.16%

XRP
XRP$0.636919

2.07%

Bitcoin domination index reached four months peak


April 2019

Cryptocurrency assets declined Wednesday after active growth the previous day. Bitcoin dropped to $ 5,450, Ethereum fell to $ 162, and the XRP price reached $ 0.2970. The total cryptocurrency market capitalization fell to a level of $ 175 billion. Bitcoin overcame $ 5,600 yesterday, and spent most of the day above this level. The reference cryptocurrency began to decline, and at the moment BTC is trading at about $ 5,500, losing almost 2% per day. Daily trading volume hovers around $ 17 billion, which corresponds to the historical highs reached in December 2017. Analysts expect a pullback, but significant volumes of correction are not expected.

The rate of Bitcoin was adjusted from the strong resistance level of $ 5,600 and traditionally pulled the rest of the assets along. Nevertheless, Bitcoin’s upward momentum is maintained and in the nearest future the cryptocurrency will be able to recover back to the maximum values of this year. Most of all, Bitcoin Cash and EOS are losing, dropping by more than 8%. The rest lose 5% - 6%. Investors sell altcoins and buy bitcoins. Bitcoin domination index reached 54.5%.

A  Morgan Creek cryptocurrency expert, Anthony Pompiano, said that the main cryptocurrency can demonctrate parabolic growth in the five years period. Simultaneously, Bitcoin capitalization will grow up to $ 5 trillion, and the rate of one coin will fluctuate between $ 110,000- $ 275,000. According to Anthony Pompiano, in recent several years, bitcoin has shown itself to be much better on the markets than any traditional financial assets. Thus, over the past two years, Bitcoin grew by 450%, while the S & P index showed an increase of 20%, and gold - only by 1.3%.

French bank Societe Generale issued bonds worth about $ 112 million in token-shares on the Ethereum blockchain. According to a Societe Generale report, it was the only investor, that is, the company issued securities for itself and external investors were not involved in the process. In February 2019, the Spanish bank BBVA began using the blockchain for issuing bonds. The World Bank also issued bonds on the blockchain last summer.

South Korean company Samsung is developing its Ethereum blockchain and is planning to release a token. The work is still at an experimental stage. After the development of the block is completed, the company plans to release a Samsung Coin token, which can be placed on cryptocurrency exchanges if it is developed on an open blockchain. In addition, Samsung can embed the blockchain into its Samsung Pay payment application.

In our forecast for today, we assume a further correctional decrease in Bitcoin to the levels of 5400, 5380 and 5350 dollars, Ethereum to the marks of 160, 158 and 155 dollars, and XRP to the levels of 0.2950, 0.2930 and 0.2900 dollars.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 76% 42 $70 171.16 -1.77% 11.72% $1 380 088 680 972 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 71.2% 50 $3 546.10 -1.56% 7.59% $425 782 312 228 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 94% 1 $1.000248 0.01% 0.04% $104 530 236 404 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 60% 80 $616.36 5.02% 13.18% $92 168 846 968 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 58.8% 88 $189.14 0.16% 12.08% $84 055 265 074 SOL 7 days price change
6 XRP (XRP) XRP XRP predictions 81.2% 28 $0.636919 2.07% 5.16% $34 956 800 668 XRP 7 days price change
7 USD Coin (USDC) USDC USD Coin predictions 94% 2 $1.000145 0.01% 0.02% $32 526 874 714 USDC 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 67.2% 66 $0.215397 -1.69% 47.30% $30 945 208 500 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 65.6% 66 $0.665318 1.36% 9.67% $23 674 997 116 ADA 7 days price change
10 Avalanche (AVAX) AVAX Avalanche predictions 57.6% 87 $53.96 -1.54% 1.41% $20 367 154 316 AVAX 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 58.8% 94 $0.000031 -3.69% 18.78% $18 204 426 308 SHIB 7 days price change
12 Toncoin (TON) TON Toncoin predictions 58% 86 $5.13 1.21% 22.84% $17 789 214 110 TON 7 days price change
13 Polkadot (DOT) DOT Polkadot predictions 75.6% 49 $9.75 1.79% 10.88% $13 922 325 263 DOT 7 days price change
14 Bitcoin Cash (BCH) BCH Bitcoin Cash predictions 72.8% 57 $614.40 8.07% 54.65% $12 093 090 262 BCH 7 days price change
15 Chainlink (LINK) LINK Chainlink predictions 75.2% 42 $19.21 -0.90% 10.53% $11 280 482 429 LINK 7 days price change

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