As many of you will know, our last report was one full of good news for the majority of cryptocurrency investors as pretty much everything we have been following had a successful seven days in the cryptocurrency markets.
What you may all be wondering now, unless you have been following your selves throughout the week is whether this has continued into this week? Well, as you will see, there has not been increases quite as dramatic as there was last time around but many of you will still be happy with those that you see. Bitcoin, in particular, is a cryptocurrency which is on the move once again with another good gain in value this week.
Our report, as usual, will look at the performance in the cryptocurrency markets for the last seven days between Saturday 21st of July at 00.01am and Friday 27th of July at 23.59pm. There are six cryptocurrencies that we have been following and this is how they have performed in the last seven days.
Bitcoin (BTC) – Another 9% Increase in Vale
In our last report, we can just imagine that Bitcoin investors would have been both hugely delighted and massively relieved at the same time. It had enjoyed a massive increase in value totaling 20% and those people would have been hoping it would at least hold onto that gain for this week.
Well, we have even better news as it has not only held on to that value but has actually increased by a further 9%. At $7,509.98 when we left the BTC, it enjoyed a stable early part of the week before seeing a gradual increase again starting from Wednesday. At 23.59 on Friday just gone, it had a new value of $8,185.36.
Ethereum (ETH) – Small Increase of $6.67 for ETH
On a smaller scale, Ethereum had a good week last time around as well with a gain of about 5% in value and while that is nowhere near the gains of BTC, that is still good news. This week did not see massive gains either and in fact, they are hardly noticeable at about 1.5% but this is certainly better than the cryptocurrency losing value.
That 1.5% works out to be about $6.68 in gains on top of its value last week of $460.33 to bring it to $467.01. Could next week see it enjoy three consecutive weeks of value increases? Something that has not happened for quite some time.
Litecoin (LTC) – 2% Upturn for Litecoin
Just like the two cryptocurrencies above, Litecoin enjoyed a fruitful week seven days ago after we reported that it had enjoyed a gain in value of about 9%. It has again enjoyed an increase in value but this time around it only works out to be about 2%.
Still, any gain is certainly a positive and LTC has gone from $84.62 last Saturday morning to $86.50 this Friday night. That equates to about a couple of dollars being added to the value of this coin which is certainly nothing to complain about.
Monero (XMR) – Close to 3% in Gains for XMR
Monero was one of the best performers in our last report after it experienced one of its best weeks of gains in a long time. It jumped up 12% in value which would have delighted anyone that had invested in this cryptocurrency project.
Valued at $137.29 when we left it last time around, Monero had a fairly stable week before slowly increasing in value towards the end of the week to see it valued at $141.17 at our cutoff point, a gain of just under 3%.
Neo (NEO) – NEO Drops Almost 3% in Value
Just when we were getting excited at the prospect of a clean sweep of value increases once again this week, Neo has gone and burst our bubble. Still, while it has lost a little in value, it is not what you might consider a massive drop in cryptocurrency terms.
NEO has actually gone from $34.47 to $33.50 in the last seven days with that drop coming at the end of an up and down by seemingly stable week in the cryptocurrency markets. What will be interesting is to see whether NEO can bounce back next week and enjoy some of the gains that other cryptocurrencies have been experiencing.
Ripple (XRP) – XRP Drops 4% in Value
NEO was not the only cryptocurrency to suffer this week as Ripple also could not jump onto the ‘increase’ bandwagon. This is a shame as last time around it had enjoyed a jump in value of 8.5%.
A good chunk of that has been lost this week with Ripple going from a value of $0.4774 on the cryptocurrency markets to that of $0.4557. This represents a loss of just over 4% and one that investors will be hoping is regained in time for our next cryptocurrency report.
So its been a bit of a mixed bag this week with many of the major cryptocurrencies enjoying solid weeks of gains and others not having it as good and instead of dropping a bit of value. Bitcoin investors, in particular, will be extremely pleased as of late even if the BTC value is still nowhere near what it was at the end of last year.
In general, it has been a good couple of weeks for a big chunk of cryptocurrencies and we are sure that most of you will be hoping that this continues. Come back again next week to see if it does carry on at least for another week.
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