Weekly crypto market review with Noah: Bulls are coming
It seems the crypto market will welcome bulls soon. At least the experts expect Bitcoin to grow by 84% and reach the range of $7,500 to $9,000 this year. Will this prediction come true? The green 7-day price chart inspires optimism and allows us to hope that the analysts’ forecasts are based on reasonable grounds.
The total market capitalization of all cryptocurrencies exceeded $137 billion on March 15, which is 2% more than $134 billion, the figure it reported one week ago. The daily trading volume is growing because altcoins have taken the lead in the market. Bitcoin’s dominance fell to 50.9% while altcoins, including our Noah Coin, make gains. Let’s speak about our project token later and now look how top 3 major cryptos have behaved in recent seven days.
Bitcoin (BTC) spent this week at the $3,900 level started from the price of $3,963 and finished at $3,924. It rose by less than 1% over the past 7 days. So, there’s nothing going on that impresses the Noah team on the BTC charts. In such circumstances, we prefer to remain neutral and wait until the market situation changes. By the way, Thomas Lee, Fundstrat Global Advisors co-founder, stated that Bitcoin would rebound in six months.
Bitcoin 7-day chart
Ethereum (ETH) was stuck around $135.01, remaining invulnerable thanks to high trading volumes above $4.8 billion in 24 hours. The highest price of the second top cryptocurrency by market cap over the week was observed on March 8, amounting to $139.37. The weekly low stood at $131.65.
Ethereum 7-day chart
Ripple (XRP) is traded at $0.314. Its weekly chart demonstrates that the current price of XRP is just a fraction of 1% higher than $0.313, the value at which Ripple started the week. Ran Neuner, the host of CNBC’s “Crypto Trader” show, considers that Ripple is cheaper and faster than Bitcoin, while Weiss Ratings’ poll found XRP to be preferred cryptocurrency.
Ripple 7-day chart
As we can see, the leading cryptos did not demonstrate any significant ups and downs over the past week. But we can’t say the same about our Noah Coin that rocketed by 152.47% in recent 7 days and by 49.71% in last 24 hours!
Look at the table below. It shows that Noah Coin started the week with the price of $0.000152 and then jumped to $0.000259 on March 14. This was the top price this week. The lowest bid was observed on March 11, amounting to $0.000147. The Noah Coin market cap rose from $4,960,632 to $8,461,175 (+70%).
The Noah team is glad and proud to conclude that our token is among those altcoins that managed to catch the rising trend.
Noah Coin 7-day chart
Did you want to join the crypto world but the declining market frightened you? It’ time to wake up! We hope that these impressive results will inspire you to become a member of our large and friendly digital family. The aim of the Noah Project is to create a blockchain-based ecosystem that will allow users to trade, make payments, and transfer money in a cheaper, faster, securer, and smoother way.
The Noah ecosystem comprises of the future crypto hub Noah City, the magnificent Noah Resort, and remittance solutions. The Noah City is expected to become a part of the largest Central Business District in the Philippines, which is currently under construction in Horizon Manila. Noah Resort is located in the territory of picturesque and hospitable Dakak Beach Resort. Spending your Noah Coins here for various goods and services, you will receive discounts, cashbacks, and a wide range of other privileges.
Besides, our professionals developed and launched several useful and effective tools so that you can seamlessly manage your virtual funds. We have a convenient and safe Noah Wallet and an easy-to-use crypto payment app Noah Pay. You can freely download these instruments and install them on any of your Android or iOS devices. For more details, see our article describing where and how to get and run them. Besides, you’ll find their information about seven cryptocurrency exchanges where Noah Coin is listed (HitBTC, Changelly, BTC-Alpha, Mercatox, LiveCoin, YoBit, and Ataix).