Cryptocurrency market trends overview

Bitcoin and Ethereum show stability and altcoins have spikes
07 July 2017   4202

Now there is no clear market-wide trend, only few small price swings. In "high league", Ethereum and Bitcoin have low volatility and showed small loses, Dash and Litecoin showed good price jumps. Trading volumes was low all over the market and none of cryptocurrencies reached billion dollar mark.

Bitcoin is above $2,500

Bitcoin

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.

Bitcoin reached new hights in the first half of the year, had some crazy price swings in June. But now Bitcoin prices are in steady incline, holding above $2500. 

Bitcoin price chart
Bitcoin price chart

Torpid fall of Ethereum

Ethereum

Open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements.

Second biggest cryptocurrency showed some small daily loses recently. It holds above $250 and shows low volatility. But only few weeks ago, Ethereum was much above $300. Fake "death" of Vitalik Buterin crashed Ethereum, and the minimal price was lower than $280. But, some Ethereum fans says that coin will rise up to $1000.

Ethereum price chart
Ethereum price chart

Litecoin continues to grow

Litecoin

Features faster transaction confirmation times and improved storage efficiency than the leading math-based currency

A "Bitcoin alternative", created by a blockchain pro Charles Lee, still showing good tendencies. Also, this cryptocurrency was chosen by the MIT for a "mysterious project"

Litecoin price chart
Litecoin price chart

Dash's spikes

Dash, which has a 6th place, showed some crazy spikes in recent days, rising more than 19%. It was $223 on the 6th pf July, but today, at 7th, it's only $209.

Dash price chartDash price chart

This spike was caused by an incresed popularity in Asia. 

Craig Wright to Claim to be Satoshi Again

He explained that the false information surrounding Bitcoin and blockchain-derived systems made him come out of the shadows
18 February 2019   30

A senior researcher at nChain, Craig Wright, sent the Commission on the US Exchange Commodity Trading (CFTC) introductory information on cryptocurrency mechanics in response to a request from the Office. But even in the official document he did not miss the opportunity to remind everyone that it was he who allegedly was the creator of Bitcoin Satoshi Nakamoto.

My name is Dr. Craig Wright and under the pseudonym of Satoshi Nakamoto I completed a project I started in 1997 that was filed with the Australian government in part under an AusIndustry project registered with the Dept. of Innovation as BlackNet. Ethereum is a poorly designed copy of bitcoin designed with the purpose of completing the promise of smart contracts and scripting that were delivered within bitcoin but which were hobbled by the core developers of bitcoin who sought to enable anonymous transactions to exist within the system. 
 

Craig Wright

"Satoshi"

Earlier in February, the “self-proclaimed Satoshi Nakamoto” announced that he possesses a patent, allegedly capable of restricting the right to issue JPM Coin.

In October 2017, Craig Wright made a mistake confirming that he was not Satoshi Nakamoto.