Ace, Binance and Super Bitcoin Rally, Will Cryptocurrencies Crash?
It has been an exciting few weeks for people gambling on cryptocurrencies. Bitcoin Core (BTC) has struggled to get above its resistance point, while other altcoins like the Ace coin ($ACE) and the Super Bitcoin ($SBTC) have had huge gains. Most of the seasoned cryptocurrency investors are holding onto their Bitcoin, while newer people betting on Bitcoin are cashing out and taking their losses. According to PlaySlots4RealMoney.com, last month Bitcoin ($BTC) went over $11,000. Many people thought BTC was going to hit $17,000 or higher again, but it did not perform.
Over the past twenty-four hours, there have been gamblers making big cash betting on cryptocurrency. The folks that invested in the Uptown Ace coin ($ACE) are seeing almost a thirty percent increase. In the past twenty-four hours, the volume is $281,854 with the price sitting at $ 0.309732. In contrast, Litecoin, Ethereum, Ripple and Bitcoin Cash, and Dogecoin are all struggling with the $BTC. They are all down approximately ten percent in the past day.
The exciting thing is that most experts feel that Litecoin, Ethereum, Ripple and Bitcoin Cash, and Dogecoin are not heading for a death cross. Interestingly, the big investors think this move is a bearish fake out and feel Bitcoin will recover over the next few weeks back to the $10,000 mark. All cryptocurrencies are known for their volatility, which can work in a real money gamblers favor or against them. The new Super Bitcoin ($SBTC) is up almost twenty percent, while the Bitcoin core is struggling to get above the $7,000 mark. The $SBTC is currency trading at $9.44 AT B78NY.COM, and it has $554,221 volume in the past twenty-four hours. Another big winner in the past hour is a new altcoin for playing online poker for real money with cryptocurrency. In the past hour, CoinPoker ($CHP) surged up over five percent, hitting the $0.047212 mark.
Another altcoin that is a big winner is from the Binance coin ($BNB) from the Notorious South Korean Binanace cryptocurrency exchange. Binance coin has one of the largest altcoins according to their market capitalization, which is sitting at 116,261,604 $BNB. The price is over ten do llars per altcoin and with their twenty-four-hour volume sitting at almost one hundred thousand. HODL Bucks coin ($HDLB) is one of the biggest losers in the past twenty-four hours. The HODL Bucks cryptocurrency has retraced almost seventy percent in the past twenty-four hours. The price is currently sitting at $0.126653, and their volume is $81,077 in the last twenty-four hours.
