Home / Blockchain / The encryption prices will recover slowly until the end of the year, says the founder of the blockchain platform

The encryption prices will recover slowly until the end of the year, says the founder of the blockchain platform

The bitcoins and the main digital currencies on Tuesday recovered some of the losses of the previous day.

Bitcoin

BTCUSD, + 2.23%

the world's largest digital currency, lost up to 4% late Monday, touching a low of $ 6,213.46, approaching critical support near $ 6,000. At the start of Tuesday, the trading of a single bitcoin lasted for $ 6,267.68, up 0.8% from Monday at 17:00. Eastern Time on Kraken's cryptocurrency exchange.

In what was a torrid 2018 with some cryptocurrencies losing more than 80%, Josh Fraser, co-founder of Origin, an open source blockchain platform, said that growth in the technology industry should see Digital currencies finish the year with a bright note. "Prices will slowly recover some of the losses incurred in the first half of 2018," Fraser wrote in an e-mail to MarketWatch.

"We are witnessing a shift towards development in the blockchain and cryptographic space, which is extremely important because some of the main critical points in space are usability and price.People who have deleted cryptography as a result they will only be withdrawn when they see real utility against speculation, which will help to stabilize prices and that is why the construction of usable systems is crucial. "

Read: A BS in bitcoin? These colleges now offer courses related to cryptocurrency

Ripple XRPs increase by 15%

After returning under $ 200 Monday, Ether

ETHUSD, + 8.08%

the cryptocurrency working on the blockchain ethereum, is trying to resume the $ 200 psychological brand, trading at $ 198.58, up 2.1%.

Elsewhere, the XRP coin

XRPUSD, + 18.42%

that runs on the Ripple protocol, is the best, altcoin, coins other than bitcoins, up 15.2% Tuesday at 31 cents, Bitcoin Cash

BCHUSD, + 6.86%

was at $ 424.00, up 3.1% and Litecoin

LTCUSD, + 4.37%

gained 1.3% to $ 52.38.

Coming out on a difficult Monday, bitcoin futures are marginally higher on Tuesday. The September contract of Cboe Global Markets Group Inc.

XBTU8, + 1.89%

increased by 0.7% to $ 6.260 and the contract with CME Group Inc. in September

BTCU8, + 1.61%

gained 0.3% to $ 6.250.

Read: Opinion: Your "stable currency" crypt is not tied to anything

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