The cryptocurrency market rebounds today as it closes out the working day in the green, despite many top coins starting this morning in the red. Bitcoin (available on Coinbase) (BTC) is still trading above $11,400 and is up 7.74%, in 24 hours time. Currently, the digital token holds 37.9% of the entire cryptocurrency market.
Most of the top 20 coins are all now seeing positive gains. Ethereum (available on Coinbase) (ETH) is trading at $950 a coin, up 2.49%. Many analysts anticipate ETH to reach above $10,000 before the end of the week. Some anticipate Ripple (available on Binance) (XRP) to soar on the market shortly thanks to its new partnerships. The coin did have a bull run on Saturday but it has since simmered off – only the week will tell us how it fares.
NEO is a coin that has dominated the market recently. This week alone, the coin is up 22.9%. This Friday, the Chinese New Year of the Dog kicked off, and the project has been called “China’s Ethereum (available on Coinbase).” Gifts are given to the younger generations on Chinese New Year, and it is speculated that many had purchased the digital currency with the money given to them. At press time, the coin is trading at $139.67 a coin, up 8.88%, in 24 hours.