Over the last week, we’ve seen some really interesting things ?. As we covered in our weekly news roundup, a lot is happening in the crypto space. And as we know, Bitcoin is the culprit. Here are some key highlights:
- It only took 1 week for Bitcoin to go from ₦6 million to ₦9 million.
- Ethereum passed ₦250,000 for the first time since 2017
- XRP has started a mega pump.
Let’s look at what our top coins have been up to.
1. Bitcoin: Head of the House ?
Remember last week when Bitcoin was sitting pretty at about ₦7.8 million? Good old days. Today, we’re at a strong ₦9.1million. It feels like something big is coming. Even though there’s still resistance from people who want to keep selling their Bitcoin, buyers are winning. As people keep buying Bitcoin, the price will keep going up. We’re sure a lot of people are smiling to the bank with these current stats:
Stats for the Week
- Starting price at the beginning of the week: ₦7,895,051
- Current price: ₦9,105,979
- Percentage increase in the last week: 13.8%
- Percentage increase in the last month: 42.8%
Summary: If you invested ₦100,000 in BTC last Monday, you would have ₦113,800 today.
If you invested ₦100,000 in BTC a month ago, you would have approximately ₦142,800 today.
2. Ethereum: Gearing Up for a Detty December ??
All year, we’ve played “will it or won’t it” on top of Ethereum’s head because things have been uncertain. But one thing was always sure: If Ethereum could manage to pass ₦245,000, then we’re on track for the same price movement as 2017. ETH is now almost ₦300,000 so we’re on the edge of our seats waiting for what comes next.
Stats for the Week
- Starting price at the beginning of the week: ₦220,133
- Current price: ₦291,024
- Percentage increase in the last week: 30.7%
- Percentage increase in the last month: 43.18%
Summary: If you invested ₦100,000 in ETH last Monday, you would have ₦130,700 today.
If you invested ₦100,000 in ETH a month ago, you would have approximately ₦143,180 today.
3. Litecoin: Slow and Steady Wins the Race ??
As usual, Litecoin is proving that you cannot forget it. The thing is that Litecoin doesn’t have any major stakes in the game. It goes wherever the wind of change blows?. And since Bitcoin is in control, LTC will continue to pump quietly.
Stats for the week
- Starting price at the beginning of the week: ₦34,022
- Current price: ₦42,979
- Percentage Increase in the last week: 30%
- Percentage increase in the last month: 51.25%
Summary: If you invested ₦100,000 in LTC last Monday, you would have ₦130,000 today.
If you invested ₦100,000 in LTC a month ago, you would have approximately ₦151,250 today.
4. Ripple: Overdramatic as Usual ?
Ripple did not come here to play with anybody. Last week, we were talking about an 8.55% weekly increase. This week, we’re looking at a clean 78.6% increase. Ripple has dropped its tea somewhere and stolen the show. Don’t sleep on it.
Stats for the week
- Starting price at the beginning of the week: ₦136
- Current price: ₦240
- Percentage Increase in the last week: 78.6%
- Percentage increase in the last month: 90.5%
Summary: If you invested ₦100,000 in XRP last Monday, you would have ₦178,600 today.
If you invested ₦100,000 in XRP a month ago, you would have approximately ₦190,500 today.
Disclaimer: We love watching the coins do what they do. Even more, we love sharing our findings with you. But none of this is financial advice and you should only invest in coins that you’ve researched heavily on.
