The graph you can see here:
http://www.cryptocoinsnews.com/2013/10/29/bitcoin-cryptocurrency-analysis-one-thing-week-44/ shows a quite turbulent week for the Bitcoin price level. It peaked at 232 USD per Bitcoins October 24th, and fell drastically down to 175 USD per Bitcoins within 24 hours. It has since then slowly climbed up again to a price around 205-210 USD per Bitcoins. We believe that this price level will hold for a couple of weeks with smaller ups and downs if there is no bigger Bitcoin-events taking place in the news. We still believe that the Bitcoin price is overpriced for the current market, but we see that the future price of Bitcoin will be way over 200 USD. A level around 140 to 170 USD per Bitcoins is considered plausible for the coming months.
The Cryptocurrency Analysis
Since cryptocurrencies in general experienced a large cash escape because of the Bitcoin price rising, most alt-coins seems to have stabilized and some have even gained more value than it originally had. We are careful with putting out investment advice for small cryptocurrencies with small communities and unknown development teams. The three Alt-Coins we would concider to invest in for the coming weeks are Primecoin (XPM), Mincoin (MNC, but not at the current price level), and Worldcoin (WDC). XPM is a good buy now, everything below 0.005 is considered to be cheap. For MNC, everything below 0.001 is a good investment, and for Worldcoin we believe the buy in level should be around 0.00004 to 0.00005 Bitcoins per Worldcoin before investing in it.
Read more here:
http://www.cryptocoinsnews.com/2013/10/29/bitcoin-cryptocurrency-analysis-one-thing-week-44/What do you think will be the coming price of Bitcoin?
