In the new year, the market has revived. In many respects, this was due to the reporting period and other events, we'll talk about them below.
Bitcoin
After the New Year cheap Bitcoin began to grow in a stable way. Despite the threat of regulation of the crypto-currency from the South Korean government, bitcoin was still the favorite of investors.
End of the week brought change. Confirmed rumors about the closure of Visa on WaveCrest cards (recall that these cards simplified the work with crypto currency, they could be replenished with automatic conversion to fiat money).
Such Visa behavior investors named "knife in the back of the crypto-currency market."
Within the framework of the week, a breakdown is like, against the backdrop of negative news. For investors, asset reduction is an excellent opportunity to enter the market. Bitcoin also experienced more terrible defeats, after which, on a wave of public interest, continued his ascent.
Bitcoin Cash
For Bitcoin Cash, the first week of the new year also began with a stable growth, which, interrupted by corrections and a small consolidation.
The support of Bitcoin Cash was provided with positive changes. The problem with the confusion of addresses was solved. For users, this means that now, if the address is entered incorrectly, they will no longer have to dutifully reconcile themselves with the own irretrievably gone from their wallet.
In addition there was the inclusion of the currency in the ranks of assets of the popular Bitpanda stock exchange.
Within the current week, in the absence of negative changes, Bitcoin Cash has every chance of the high climbing.
Ethereum
The week for the Ethereum turned out to be rich in positive events. It was officially announced the launch of the alpha version of Casper. Thanks to this network, the Ethereum will be able to switch to Proof-of-Stake mode without any losses, which in many ways better corresponds to the development of the crypto currency.
In addition, against the background of defaults on the part of the organizers after the ICO, Vitalik Buterin proposed an alternative solution. A new decentralized model, dubbed DAICO (derived from the notorious The DAO and ICO), has already attracted a considerable number of investors.
Another news of the outgoing week is Ethereum due to Brazil. The authorities seriously consider the possibility of creating a system of work with petitions on the basis of a coin block.
Within the current week, Ethereum has every chance to continue its active growth, which step by step will beat the previous records. Considering active growth, it is likely a little correction to the lower level of the path.
Litecoin
The support of Litecoin coming from the gaming industry at the end of last year smoothly flowed into a new growth of the coin. A small fixation of the coin, which had already earned the title of veteran, passed into a new wave of growth.
On January 6, the decision to reduce the cost of transactions was officially announced. This move caused an active growth (marked on the graph in yellow), which went into a small correction.
According to analysts, this decision will be the basis for further popularization of Litecoin. Improving the conditions for users is the basis of confidence in the coin. Due to the competent policy of its creators, the current week has every chance to pass in an energetic trend.
Dash
The beginning of the year for Dash started with a good statistics on the implementation of the project on the lands of Nigeria. Then followed the information about the official financing of the MyDashWallet purse, which will be advantageous to differ from all the predecessor by a significant increase in functionality. After that, the news about the decision made by Dash about the financing of the series, painfully familiar to investors named "HardFork", and the sponsorship of athlete Rory MacDonald. The latter has become one of the largest financing projects for Dash. By the way, the continued strengthening of relations with the world of MMA is a powerful development platform for the coin.
All events of the week led the coin to stable growth. Double bounced off the level at 1200.0, the coin still managed to overcome it. Within the current week, a slight correction is likely, followed by further growth.
The New Year brought many interesting events. Crypto-currencies continue to conquer the market, demonstrating confidence in the opportunity to take the status of an officially recognized financial instrument in the world.