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Leading Cryptocurrencies Showing an Upward Trend

August 15, 2018 August 16, 2018 Jay Castillo

Love them or hate them, cryptocurrencies are here to stay, and with you being able to not only pair up any two digital currencies together in a Forex trade but with you also being able to pair them up with fiat currencies too there are always going to be plenty of trading opportunities for you, if you do have an interest in trading in digital currencies.

The last 24 hours has been an interesting one on the cryptocurrency trading markets, for most of the top 10 digital currencies have been showing some quite noticeable gains in value, and that is something that may continue during the next few days at least.

There are of course plenty of reasons why those top ten cryptocurrencies are increasing in value, and two main reasons is that people in both Turkey and Iran are looking for a safe haven for their funds, as both of those two country’s currencies have been hit very hard recently both suffering some massive losses in their values.

It is of course Bitcoin that most people will look to invest in when times are bad back at home and Bitcoin has increased in value over the last 24 hours by some 5.16% which in the wider scheme of things is a very impressive increase for sure.

Ethereum and Ripple Showing Increases in Value

If you are the type of investor or trader who invests in Ethereum as opposed to Bitcoin then over the last day that digital currency has also showed an increase in value, that increase being 5.66%.

Ripple which goes by the ticket symbol XRP is another cryptocurrency that has been doing very well over the last 24 hours, for it has increased in value by an impressive 8.25% and many traders and speculators are convinced that is going to be an upward trend that should continue in the days ahead too.

Other Coins and Tokens Doing Well

There have always been plenty of other coins and tokens that have been performing well in the last 24 hours and a couple that springs to mind are Bitcoin Cash which has shot up in value by some 3.93% and also which is showing a 6.73% increase in value.

The value of Stellar has also jumped up by some 5.76% over the last 24 hours too as has Litecoin which has now jumped in value by some 6.13%, even Cardano has been good to traders over the last day having increased in value by 4.62%!

About The Author

Jay Castillo

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Jay Castillo is tasked with bringing our website visitors a range of guides that can and often do help them improve their trading strategy, and with that in mind do make sure you keep your eyes peeled for any of his trading guides as you are bound to find them of great interest.

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