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Price Analysis

Ethereum (ETH) Books Loss on the Weekly Chart; Ripple (XRP) and Bitcoin Cash (BCH) Deal with the Bulls

Ethereum Price Analysis:

Ethereum price chart - Aug 26
Ethereum Chart

Ethereum is the second-largest coin in the crypto market. The coin is currently dealing at $189. The market is noted as $20,540,720,094. Let’s have a look at the weekly chart. Starting from 20th August, the price of the coin slipped from $201.5 to $195.2 by 3.27%. On 21st August, the coin continued to fall from $195 to $187 by 4.12%. On 22nd August, the coin jumped from $187 to $190 by 1.9%. On 23rd August, the escalation continued from $190 to $193 by 1.36%. On 24th August, the coin slipped from $193 to $190 by 1.34%. On 25th August, the coin slipped from $190.85 to $190.60 by 0.13%. Today, the coin escalated in the morning. The coin has again started dropping. The day has not much hope. However, we are looking forward to an escalation.

Ethereum is expected to rise in the coming days. We would recommend the traders to dig in for the long term to book huge dividends.

Ripple Price Analysis:

Ripple price chart - Aug 26
Ripple Chart

The Ripple (XRP) is the third-largest coin in the market. The coin is presently dealing at $0.26. The market cap of ripple is noted as $11,706,190,188. Let’s have a look at the price chart.

Looking in the chart, the coin is reflecting a fall in the price. On 20th August, the coin opened the week with the fall. The price slipped from $0.28 to $0.27 by 2.68%. On 21st August, the coin slipped from $0.27 to $0.26 by 2.92%. The coin started moving up from 22nd August. The coin escalated from $0.26 to $0.27 by 2%. On 23rd August, the coin kept the escalation intact from 0.272 to $0.277 by 1.79%. On 24th August, the coin slipped from $0.277 to $0.272 by 1.88%. On 25th August, the coin jumped from $0.272 to $0.275 by 1.36%.

The coin has a great future ahead. We are speculating that the coin might close the year at 0.50 USD. The traders interested in the coin should dig in for a long term to draw huge dividends.

Bitcoin Cash Price Analysis:

Bitcoin Cash price chart - Aug 26
Bitcoin Cash Chart

Bitcoin Cash (BCH) is the fourth-largest coin in the market. Presently, the coin is dealing at $312. The market cap for Bitcoin Cash is $5,603,601,526.The week-long chart is reflecting is a fall and later a heavy recovery. On 20th August, the coin slipped from $325 to $312 by 3.81%. The coin continued the fall from $313 to $301 by 3.70% on 21st August. On 22nd August, the coin moved up from $301 to $306 by 1.77%. The price kept moving up from $306 to $314 by 2.68%. On 23rd August, the coin fell from $314 to $304 by 3.24%. On 25th August, the price moved up from $304 to $313 by 3.13%. Today, the coin has reflected a moderate upsurge.

Bitcoin Cash would bring the price rally in the market. The investment in the coin wouldn’t go futile. The long term investment looks best for Bitcoin Cash (BCH).

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Mehak Punjabi

Mehak Punjabi is a post graduate in MBA with specialization in Finance and has joined CryptonewsZ with a skill building view in the world of cryptocurrency and blockchain. She is dynamic and a quick learner with a hold on financial analysis.

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