We review the green situation of Bitcoin, Ethereum, Litecoin, Zcash and Ripple, after hitting the ground yesterday evening, due to the possible break in two of the Bitcoin.

The cryptocurrency market situation seems to be stabilizing in the last few hours, after having fallen uncontrollably yesterday. We have seen how Bitcoin, Ethereum, Litecoin, Zcash, Ripple or Monero hit the ground again, with significant drops of up to 25% in value. Things happened yesterday that seemed difficult, like Bitcoin falling below $ 2000 or Ethereum and Zcash falling below $ 150. Market instability in the coming days should be constant and we are far from a significant market rally.

Bitcoin, with respect to the USD, yesterday a lot of its value was left, more than 10%, something that is recovering today. We see how yesterday it touched down at approximately $ 1850, but today it has already recovered, comfortably passing $ 2100. We must remember that the instability of the market is the fault of Bitcoin and that this will be constant in the coming days, since the implementation of SegWit2x is generating considerable discomfort among miners and investors, who prefer to recover their capital, in the face of a possible breakdown of the cryptocurrency. The logical thing is that on August 1, after the update and whether or not Bitcoin breaks, the capitals will return to the market.

Ethereum, which could benefit to a greater extent from the breakdown of cryptocurrencies, is also recovering value against the USD, achieving a rise of around 10% and recovering $ 175 in value. The other side of the coin shows how Ethereum loses value compared to Bitcoin, where it is falling close to 1%, which is due to the strength with which Bitcoin is rising at the moment. The possibility that Ethereum will rise to lead the cryptocurrency market after the breakdown of Bitcoin is quite high, since it is considered the main competitor of Bitcoin.

Zcash also rises, hovering around a 10% rise with respect to the change in USD and as with Ethereum, it denotes a fall with respect to the change in Bitcoin, hovering around a 1% drop, approximately. This could be ranked as the second cryptocurrency on the market if Bitcoin breaks, soaring to $ 1000, according to rumors. Here it should be noted that in China, as we have already mentioned, Zcash miners are being activated in a massive way, which implies a rise in the difficulty when mining, another aspect that we must take into consideration.

Litecoin is one of the most promising values ​​in the cryptocurrency market and it is that despite the general drop in value, this cryptocurrency between June and so far this month has doubled the value and constantly exceeds one million in the volume of operations, something quite complicated for a cryptocurrency that a few months ago, did not have the interest of anyone. We see how it rises 7% against the USD, but falls close to 3% against Bitcoin.

Ripple is what we would call safe value. We can see its instability and that it turns more than a spinning top, but right now it gains 8% compared to USD, the dual is a great data for a cryptocurrency developed for banking transactions. Despite its decline in value, it has reached 0.3 cents on the dollar and if Bitcoin were to be split it would be one of the biggest beneficiaries, since it could see its current value of 0.16 cents multiplied by one hundred.

CONCLUSION

The situation is very clear and despite the rise, the fourteen days of the month that remain will be an unprecedented roller coaster. Today they rise, but it is impossible to say what will happen tomorrow, since they could continue to escalate or plummet and is that according to the data that comes from Bitcoin and the testnet, many will decide. In addition, there can be massive sales of packages, as has happened several times in these hours, despite the rise in prices and is that many invest in the short term. Our recommendation is to get Ethereum, Zcash, Litecoin, Ripple, Golem, Monero and Augur, quite safe values. If you look at the long term, LBRY and Storjcoin are two safe values, since as soon as they leave the beta phase, the value of these cryptocurrencies should skyrocket.