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Litecoin [LTC], Cardano [ADA] rise from the ashes as Bitcoin Cash [BCH], EOS crash and burn



Litecoin [LTC] and Cardano [ADA] rise through the ashes while Bitcoin Cash [BCH] and EOS crash and burn
Source: Unsplash

Litecoin and Cardano are the only well-performing cryptocurrencies in the last week, as LTC was up by 5% and ADA was up by 8.6%, even as Bitcoin Cash and EOS slumped by a massive 11.67% and 14.05% respectively.

In the seven-day time frame, LTC prices look like they are having a massive volatility induced roller-coaster ride. The prices started trading at $31.42 on November 26, 16:32 UTC and fell down to $28.62 in a couple of hours.

Source: CoinMarketCap

The market cap followed the same trend and fell down by $100 million.  From this point, Litecoin witnessed nothing but a bull run for three days and reached a peak of ~$36 in the mentioned time frame. The prices post this remained more or less the same and it is currently trading at $33.

Cardano, on the other hand, is doing better than Litecoin as it is up by 8.66% in the seven-day time frame. ADA, like Litecoin, started trading on November 26 at a $0.0378 and dipped as low as $0.0341. The prices skyrocketed by a massive 16.05% to reach $0.0441, post which, the prices tried another bull run which stopped at $0.00445.

Source: CoinMarketCap

Eventually, the prices decreased to $0.3771  and are currently trading at $0.040 with a market cap of $1.04 billion.

The prices of EOS, unlike LTC or ADA, started high i.e.,$3.35, but the prices fell into the bear’s pit and reached $2.92. The market cap at this point reached $2.65 billion. The prices tried a comeback but the energy extinguished at $3.37 and the prices tumbled down from here on and reached $2.84 and stayed more or less the same.

Source: CoinMarketCap

EOS is currently trading at $2.84, with a market cap of $2.5 billion.

Bitcoin Cash, the much-talked-about cryptocurrency in the past month due to the hard fork, has suffered a massive meltdown of 11.67%. The prices for BCH started trading at $214.52 and the market cap at $3.74 billion. The prices slid down reaching $175.95 and stayed the same until the end with volatility escaping the market for BCH. The current price of BCH is holding steady at $167.95.

Source: CoinMarketCap

Bitcoin Cash was recently overtaken by Stellar Lumens [XLM], as a result, Bitcoin Cash is currently the fifth-largest cryptocurrency, instead of the fourth-largest cryptocurrency.

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Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.