The crypto currency Litecoin saw a considerable recovery of late rising by over 20% to flirt with the $300 mark over the weekend. It seems that the rally is at a halt for the emerging crypto currencies such as Tron and Stellar Lumens which all posted declines over the same period although they are still at record highs considering where they started off. Ripple was also slightly static over the weekend as it struggled to regain the $3 dollar mark and seems to be flotaing withing the $2.80-2.9 range. Another excellent performer was Bitcoin Cash which rose by over 10% in 24 hours to reach the $2,700 mark and its is expected that this crypto currency may regain the $3,000 mark quite soon.
The more established crypto currencies also saw quite strong gains in the past 24-48 hours. One of the most pronounced in this respect was Etherreum which has now superseded the $1,000 mark quite strongly and is currently trading at well over $1,100 showing signs of further consolidation at this level. It is also coming close to regaining second spot on the Market Cap crypto currency index since Ripple traded pretty flat lately.
The major crypto currency Bitcoin also posted strong gains over the past 24 hours rising to almost $17,500 at one point but then eventually fell back to around the $17,000 mark which was still considerable considering that it traded at around $14,000. News that investors are planning to introduce new funds to double the quantity of Bitcoin trades has also had a rather beneficial effect on the market overall.
Another crypto currency which is quietly increasing although it has not been much on the radar is Ethereum Classic which is now flirting with the $35 dollar mark – an excellent performance with a rise of almost 400% from its lows in September/October when it was trading at around $9. Dash is also showing signs of resilience above the $1,200 mark and was up by 5-10% over the past 24 hours. This could mean that it reaches the $1,500 mark where it peaked a few weeks ago sooner rather than later.