Analysis and Opinion

Bitcoin Prices Soar and We have all the Important Answers for the Readers

What looked like a gloomy scenario for the Bitcoin buyers has now turned into a moment of relief as the much-anticipated cryptocurrency has recovered some of its lost steam. It has been around 24 hours and the entire crypto-arena has gained more than $20 billion to be precise. Moreover, Bitcoin was the luckiest of the lot with a decent 6 percent gain to show for. Apart from that, EOS, Ethereum and even Litecoin enjoyed substantial gains over the past few hours.
According to our experts at OurPlatforms, the soaring prices are synonymous of higher trade volumes. What looks good is that the volumes are converting into sales, thereby putting a smile on the faces of customers. Quite recently, EOS saw a decent 30 percent growth as it promised tokens to the concerned lot. However, that might be the reason why some of the other ventures are seeing decent gains despite a number of regulatory measures pressing down the throat of the companies.
That said, majority of analyst consider this as a short-term and volatile trend and the existing rally is more like a sudden move. According to the experts, we are still in bearish zone and it is only a matter of time that the prices start lowering down, all over again.

About the author

Ashutosh Srivastava

Ashutosh was associated with the print media for the past 19 years. Upon his graduation, he started working closely with Amar Ujala, a newspaper of repute in Allahabad. He was last associated with Dainik Jagran as their Chief Editor where he used to push forth some underrated news pieces for the welfare of the society. His association with OurPlatforms is validated by the fact that Ashutosh has keenly analyzed the crypto-market and the underrated concepts of blockchain technology. His exact job is to visit discussions and meetings; thereby extracting important information about the concerned ICO and associated technologies before coming up with an unbiased opinion.

You can contact him at +919415361503

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