Daily crypto: Good time to buy according to Pantera and strong growth for bitcoin cash

Most coins and tokens on the top 100 performed well the last 24 hours, which could be a sign of an upcoming bull market. Image source: Shutterstock/Bitcoin cash/Trijo News

Most coins and tokens on the top 100 performed well the last 24 hours, which could be a sign of an upcoming bull market. Image source: Shutterstock/Bitcoin cash/Trijo News

Totte Löfström

totte.lofstrom@trijo.co

The last 24 hours have been pretty calm in the world of crypto, but according to the bitcoin fund Pantera, a rare opportunity to buy bitcoin has shown itself. Meanwhile, bitcoin cash is showing real bullish momentum.

The bitcoin fund Pantera states that 6.500 dollar was the bottom of the bear market for bitcoin. In an interview with CNBC their CEO Dan Morehead explains that “something that’s growing that fast hardly ever gets below its 200-day moving average” and “when it does, it’s a very good time to buy.”

At the same time, bitcoin cash is performing excellently on an overall bullish market. Bitcoin cash is up 13,74 percent the last 24 hours when the price on bitcoin is up “only” 2,62 percent. Trijo News has not been able to find a good explanation for the strong growth of bitcoin cash, but will keep an eye on the development and update you with more information if we find anything.

All of the top five biggest cryptocurrencies shows strong green numbers the last 24 hours. As already mentioned bitcoin cash (+13,74%) performed best and bitcoin (+2,62%) the worst. Litecoin (+3,00%), ethereum (+4,44%) and ripple (+8,42%) did well as well.

Best on the top 100 was monaco (+129,17%) and pundi x (+51,56%). Pundi x has been doing well for the last few days, and it could be a good thing to keep an eye on this strong newcomer.

On the bottom of the top 100-list, we once again find verge (-17,17%) that continues to lose value after having partnered up with Pornhub earlier this week. Nucleus vision was the second biggest loser (-12,88%) the last 24 hours.

Finally, it is worth mentioning that most cryptocurrencies performed really well the last 24 hours. On the top 100, only six coins and tokens showed red numbers, all of the other 94 gained value.

Prices the last 24 hours

Coin: Price: % (24h)
Bitcoin $8 177,83 +2,62%
Ethereum $531,01 +4,44%
Ripple $0,723191 +8,42%
Bitcoin Cash $881,28 +13,74%
Litecoin $140,07 +3,00%

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