Bitcoin has yet again crossed the $7,000 mark after coming down to $6,900 level and seeing days of red. However, two altcoins viz. Ethereum Classic (ETC) and Basic Attention Token (BAT) are the best investment right now given their ongoing development and a significant upward price movement.
Bitcoin [BTC] trading at $7,100
Bitcoin (BTC) is once again in the green and above $7,000 barrier. At the time of writing, it has been trading at $7,100 with a rise of 1 to 2 percent in the past 24 hours. This week didn’t see much action as Bitcoin took a drop below $7,000 level and reached $6,900.
If we take a look at today’s movement, the Bitcoin price started from around $6,900 and made its ascend by reaching close to $7,200 level.
The world’s leading cryptocurrency has a market cap of $122 billion with a daily trading volume of about $4.2 billion. During the past week, the Bitcoin price was charged by bears and that has the BTC dominance take a hit as well.
Looking at the Bitcoin trends, it has taken a serious dump as well after skyrocketing in December last year along with its prices.
This year might not have a new highs coming for Bitcoin price as per the crypto influencer, investor, and economist Tuur Demeester but crypto experts, traders and influencers believe bitcoin will be surely bouncing back this year. Furthermore, the entry of institutional investors, big names and Bitcoin ETF is only going to pour in more money into the crypto market.
Also, read: As Bitcoin Matures its Use in Illegal Activities Like Drug Peddling Goes Down
But, these 2 altcoins currently are your best bet
The world’s leading cryptocurrency might be in the green but these 2 altcoins are taking the market by storm right now.
Ethereum classic on 11th position
With Coinbase, the leading crypto exchange announcing its plans to list Ethereum Classic (ETC) and Robinhood adding support today itself, has this cryptocurrency enjoying gains for quite some time.
At the time of writing, ETC has been trading at $19.30 with 24-hour gains of over 9 percent. The bulls have taken ETC on 11th rank and beaten Tron (TRX), even briefly IOTA (MIOTA) which is in the red.
BAT bulls have it up by over 15%
Basia Attention Token (BAT) has gained a lot of attention with its decentralized ad platform and integration with the Brave browser. Apart from ETC, BAT has also been looked into by Coinbase for potential posting.
At the time of writing, BAT has been exchanging hands at $0.29 with a rise of about 15% in last 24-hours.
It is no way an investment advice but given the way these two coins are going through upward momentum and the developments and attraction they are receiving, certainly makes them hot and potential cryptocurrencies to be added in an investment portfolio.
The post Bitcoin Above $7k Once Again But these 2 Altcoins are your Best Bet Right Now, Here’s Why appeared first on Coingape.
Written by Anjali Tyagi @ https://coingape.com/bitcoin-above-7k-but-2-altcoins-are-best-bet/ August 7, 2018 Anjali Tyagi