The Daily Altcoin Update is a section of the Crypto Currency Chart of the Day blog. It is a daily blog that lists the top 5 alt-coins and 3 Bitcoin to see if they are trending up or down. The purpose of this blog is to provide an easy way to see if any crypto currencies are trending up or down so that you can make smart investment decisions.
The top 5 alt-coins and 3 Bitcoin listed in the blog are based on the crypto currency market cap size. The market cap size is calculated by multiplying the current price of a coin times the total number of coins in circulation. This results in a somewhat arbitrary listing but it does allow for easy comparison across coins and keeps the list from being dominated by one or two large coins.
The goal of this blog is not to pick winning coins but rather to show you which coins are trending up or down so that you can make your own investment decisions. There are no guarantees with this listing, only trends! If you have any suggestions, comments, or questions please feel free to leave them in the comment section below.
This is a chart of the top 5 alt-coins (litecoin, namecoin, primecoin, quark and worldcoin) and 3 bitcoin stocks to see if they are trending up or down. The top 5 alt-coins listed above have a total market cap of $140.6M while Bitcoin has a market cap of $1.6B.
Bitcoin is up 9.12% today and 24% over the last seven days on the news that China will not ban Bitcoin exchanges (see story below). Litecoin was up 7.26%, namecoin up 6.49%, primecoin up 4.86%, quark up 6.78% and worldcoin up 2.17%.
The Bitcoin stocks were trading as follows: BTCS down 2%; BitFury down 3%; and ButterFly Labs down 2%. Currently, there are two Bitcoin Exchange Traded Funds (ETFs) pending approval from the Securities & Exchange Commission: Winklevoss Bitcoin Trust and SolidX Bitcoin Trust
We are all aware that the cryptocurrency market is volatile. It’s important to know if the crypto you want to buy or hold is in an uptrend or a downtrend and today we will find out with our crypto chart analysis tool.
Each day we post a chart from tradingview.com with the top 5 alt-coins and 3 of the most popular Bitcoin pairs. You can use this information to make your own decision on whether to buy, sell or hold your crypto.
If you are new to crypto investing, please check out our helpful articles so you can learn more about the industry.
Our mission at Crypto Currencies Chart is to help you stay up to date with the latest trends in Bitcoin and other Alt-coins. We will also provide you with helpful tips on how to get started making money trading cryptocurrencies.
The Crypto Market suffered a major dip today, with Bitcoin losing 15% of its value. It is difficult to predict what will happen next, but we can make some guesses based on the charts.
The 5 Top Alt-coins by Market Cap (Ethereum, Ripple, Bitcoin Cash, Litecoin and Dash) are all trending down at the moment. This may be a sign that confidence in the market is dwindling. The 3 top Bitcoin Chart Patterns look similar, with the exception of a small bounce in the last 3 hours.
They are:
Bitcoin Price Chart Pattern 1
This chart shows a long-term downtrend from $9000 to over $7000 since January 2018. The downtrend was broken at $8000, but that level did not hold for long and the price quickly dropped below it again. The drop at the end of June was due to technical analysis and news about trading platforms suspending withdrawal and deposit services for Bitcoin cash (BCH).
BTC-LTC
ETH
DOGE
SC
DASH
BTC-LTC is at 0% volume and trending down. ETH is at 40% volume, trending up. DOGE is at 20% trending down. SC is at 0% volume and trending down. DASH is at 20% and trending up.