- Borislav Ivanov
Cryptocurrencies – our daily report (10.19.2021)
Bitcoin
Bitcoin continues the trend of growth, getting closer to its all-time-high. Our prognosis is that the oldest cryptocurrency is going to experience sustained growth for the foreseeable future, and we are far from another crash. It could be a good time to invest, however when it comes to cryptocurrencies, it is best to exercise caution.
Since yesterday, Bitcoin has experienced some fluctuations, reaching $62 946, after which it has shown relative stability. Currently, it sits at around $62 432, similar to how it was this time of the day yesterday.
Price at its lowest this year: $30 191 | €26 068
Price at its highest this year: $63 729 | €55 026
Current price: $62 432 | €53 565
Ethereum
Ethereum has also been on the rise as of late, although not as sharply as Bitcoin. It is also close to reaching its all-time-high and maybe surpassing it, but we can’t say that for certain. Ethereum is a good investment, as it has shown the tendency of growth, while it is much less volatile than Bitcoin. Since yesterday, the price of Ethereum has stayed about the same, meaning that the currency is enjoying relative stability in the short-term future.
Price at its lowest this year: $733 | €632
Price at its highest this year: $3 976 | €3 433
Current price: $3 818 | €3 277
Dogecoin
The Australian parody cryptocurrency has been relatively stable during the past couple of months. Unlike other cryptocurrencies, there isn’t the tendency for a sharp increase in price for Dogecoin. The investment potential of Dogecoin is great, as more and more websites and businesses allow transactions, using the currency.
Yesterday, there was a sharp increase in the price of Dogecoin, which rose from $0.239 to $0.271, after which it has remained roughly at $0.25, which is the current price as of this moment.
Price at its lowest this year: $0.005173 | €0.0045
Price at its highest this year: $0.671 | €0.58
Current price: $0.25 | €0.21
Ripple (XRP)
Ripple has been relatively stable throughout the second half of 2021. There is a decent chance that prices will reach an all-time-high in the near future, although for the past couple of months the value has stayed roughly the same. It is a decently stable investment, but you should never invest too much in any cryptocurrency.
The price of Ripple has decreased slightly since yesterday, however the decrease was gradual. The decrease in value has been only a couple of cents, so small investments won’t be affected much. Now it would be a good moment to invest a small amount, as Ripple has the potential to greatly increase in value in the future.
Price at its lowest this year: $0.238 | €0.21
Price at its highest this year: $1.81 | €1.56
Current price: $1.09 | €0.94
Cardano
Cardano aims to directly compete with Ethereum and other similar decentralized platforms as a more secure, scalable, and efficient alternative. Since the beginning of the year, this currency has more than doubled in price. In recent months it has also remained quite stable. This also makes it lower-risk, relatively stable investment.
The value of Cardano has stayed roughly the same throughout the last 24 hours, only experiencing some minor fluctuations.
Price at its lowest this year: $1.06 | €0.92
Price at its highest this year: $2.97 | €2.56
Current price: $2.13 | €1.83
Polkadot
One of the more recently popular cryptocurrencies, Polkadot claims to be one of the more environmentally friendly currencies of its kind. After a steep fall in price in May, Polkadot has recovered from its pitfall, gradually increasing to an almost all-time-high. It seems that this cryptocurrency is also going to be on the rise in the foreseeable future.
Since yesterday, the value of Polkadot has decreased by around $2, which means it might be a good moment to invest, as it is highly unlikely to see a sudden devaluation.
Price at its lowest this year: $10.80 | €9.33
Price at its highest this year: $46.85 | €40.46
Current price: $41.43 | €35.57
Stellar
Stellar has remained very stable for years, although it used to be low in price. This May, however, this cryptocurrency reached its all-time-high, after which it suffered a steep fall, similar to many other cryptocurrencies. The current trend for Stellar is a gradual increase, which could also lead to a new all-time-high for this currency.
The value of Stellar has remained roughly the same as yesterday, although reaching the price of $0.40 twice during the day.
Price at its lowest this year: $0.132 | €0.11
Price at its highest this year: $0.735 | €0.63
Current price: $0.380 | €0.33
