From history, January of each year is a rough month for businesses. It is so even with digital currencies. Bitcoin, Bitcoin Cash, Ripple, and Ethereum all fall into this trap. These are not the only ones. Same is the case with Stellar, Cardano, Litecoin, and of course NEM. Several other digital coins find themselves in a tight fix every January of every year. Is 2018 different? Nothing shows that there is a change. January 2018 is just like other first months of each year. The only difference one can say each year is typical.
Price Predictions For Bitcoin, BCH, Ripple, Ethereum, Litecoin; Stellar, Cardano, And NEM
Each year, business or let’s say cryptocurrency prices can be low. But the low of 2012 is never the same as that of 2013, which is the same with January 2017 and January 2018. For instance, in January 2017 the price of the bitcoin is far much below $10, 000. Also, this is not where the bitcoin starts in January 2018. Granted, it will not from this low in 2019 if it will still exist. It will begin with something different. Bitcoin is just an example of the very many digital currencies in the market. Many people are questioning the trend. Because of this, many try to come up with various explanations.
Some say that the January prices change due to the Chinese calendar. Those who support this belief say argue that during January, Chinese investors do something. They convert their bitcoins to fiat currency. What is the reason for this?
The Chinese Buy Gifts And Presents Using Altcoins?
Supporters say that the Chinese hence buy gifts and presents in preparations for a big celebration. They are referring to the Chinese Lunar month. If they are right, the month falls in February.
Let us look at the performance of the coins in the list above.
Bitcoin Against The USD
In December 2017, the bitcoin surges to hit its all-time highest. During Thanksgiving Day, the price of the bitcoin is $20, 000. But the price plummets to $9, 199. Shortly afterward, it goes up slightly. It is likely that it will close the month while at $12, 000.
Ethereum Vs USD
Although the price of the Ether is fluctuating in the month, it stays above $1000. The highest this coin hits in January is $1, 424.3. There is a point it comes to $1, 284.28 during the month. All these figures apply to the Ether.
More News Articles You May Want To Read:
BCH Vs USD
As we head to the closure of the month, the price of the BCH jumps from $1, 700 to hit $2, 072.68, which is a good show. However, nobody is sure of what will happen next. But it is good to say it is between $1, 700 and $2, 072.
XRP Vs USD
Ripple is trading between $087 and $1.74. Although there are slight chances of improving further, anything is possible.
LTC Vs USD
The Litecoin falls from $175, the highest in January, to $140. But it also drops further to $85.
ADA Vs USD
Cardano has the tightest trading range of 0.00005 and 0.00006. There are chances that it will go deeper to 0.00004070 or even 0.00004730.
XEM Vs USD
The XEM plays in between $0.8 and the highest of $1.21. It does not show any possibility of improving.
XLM Vs USD
Stellar is trading at between $0.55 and $0.732, which is the coin’s lowest and highest in January. As the Bitcoin price fluctuates, other digital currencies follow suit.
Previous News Article: Florida Court Clerk Steals $600 Winning Lottery Scratch Card?
Tagged with: Bitcoins