The altcoin markets provided investors with moderately positive returns on Friday. Every top 10 cryptocurrency — even bitcoin cash — made at least a minor gain against the U.S. dollar.
Altcoin Price Chart from CoinMarketCap
Ripple led the way with a 6% increase. The Ripple price has been surging this week, and Friday’s trading raised XRP to $0.24–its highest mark since September 1. Ripple now has a market cap of $9.2 billion, which makes it nearly 50% larger than 4th-ranked bitcoin cash.
Ripple Price Chart from CoinMarketCap
Bitcoin cash, meanwhile, has not been having a good week. Its price has been steadily dipping, in part due to miner manipulation but also because increasing numbers of bitcoin services are giving their customers access to previously-unavailable BCH they received following the August 1 hard fork. Many people sell these coins at market prices, placing downward pressure on the bitcoin cash price. Today, however, bitcoin cash managed to rise against the value of USD by about 1%, bringing its current price to $368.
The litecoin price rose about 3% to $53, while Dash climbed 2% to hold above $300. NEM traded sideways, while eighth-ranked NEO leaped 7% to post the best performance of any top-10 cryptocurrency. The IOTA price increased 1%, and Monero’s 3% bump raised its price to $93.
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