The adoption rate of cryptocurrency in Nigeria hits new highs and the price of Bitcoin has hit a more than 60% premium.
The cryptocurrency market might be showing red in day-on-day trading currently, but the market is still in a much healthier position today than it was one month ago. Looking at data from Coin360‘s 30 day period, it’s obvious that the digital currencies are going better than they were this time in March.
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Bitcoin price saw a spike in early April and gained approximately $600 in only three hours. From this jump in price, Bitcoin went from $4100 to break the $5000 for the first time this year. In the past 30 days, Bitcoin has gained 28.74%. For the past ten days, the leading cryptocurrency has been ranging between $4800 and a high of $5421. Bitcoin currently is sitting at $5033 and is threatening to dip down to below $5000 with a decrease of 1.79% in day-on-day trading.
While Bitcoin rose, so did the other cryptocurrencies Ethereum price, too, has risen by a significant amount in the past 30 days. Gaining 23.54%, Ethereum was boosted from $141 to $172 follow Bitcoin’s spike. Currently, Ethereum is dipping by 2.18% in day-on-day trading and is valued at $163.02.
The hard forks from Bitcoin, Litecoin and Bitcoin Cash have also seen major gains in the past 30 days.
Litecoin has gained 39.54% in the past 30 days with a delayed price hike. As the charts show, the token increased and then saw a subsequent surge in early April. One month ago, Litecoin was trading at around $60 and then jumped to boast $97.50. Currently, Litecoin is down by 1.81% with a value of $77.88.
Bitcoin Cash has seen a massive increase over the past month. Gaining a whopping 113.59% in the past 30 days – over double its price – taking the controversial hard fork from a value of around $168 to $342.87. Currently, Bitcoin Cash is down by 1.38% in day-on-day trading with a value of $270.