Merry Christmas! Welcome to “Top 5 Cryptocurrency Movers” where I look at all the major crypto coins on the market on a daily basis and choose the five that made the biggest move (either positive or negative) on this day, explaining my thoughts why the move happened, as well as the historical significance of the particular crypto. Here are my top five cryptocurrency movers for December 25, 2020:
#5: Ripple (XRP) ($0.3133, +18.89%)
Ripple had an up-and-down day but ended up reclaiming more than 18%, after losing half of its value in the past four days. Fans of Ripple are optimistic that XRP will survive the lawsuit made by the United States Security and Exchange Commission (SEC), after allegations were made that Ripple was an illegal business and an unregistered security, selling its coin to the public.
#4: Bitcoin (BTC) ($24,362.81, +4.15%)
Bitcoin investors got an early Christmas present when BTC reached a new all-time high this morning, rising above $24,600 for the first time ever. While it is uncertain which direction BTC will go when the new year begins, what is clear is that there is still great curiosity in the first, oldest, and most expensive cryptocurrency and that won’t go away any time soon.
#3: Litecoin (LTC) ($121.55, +12.91%)
The rise of Bitcoin had an immediate impact on altcoins, most notably Litecoin, which rose back above $120 and reached a 52-week high. Litecoin was created to be a lighter version of Bitcoin, with many of the same features, but with improvements to its adaption. For instance, LTC has a faster block-processing rate, every 2.5 minutes, compared to 10 minutes for Bitcoin.
#2: Celsius (CEL) ($3.61, +11.75%)
Celsius was a big double-digit percentage winner on this holiday. The Celsius Network is a peer-to-peer lending service company that facilitates the lending and borrowing of many of the most popular cryptocurrencies. They are the leader in their industry, and a recent partnership with Chainalysis showed that they have over $3.3 billion in assets.
#1: Swissborg (CHSB) ($0.3194, +14.53%)
Another cryptocurrency enjoying a brand new all-time high today is Swissborg, up 88% on the week. Swissborg is marketed as a wealth management platform, making investing in digital assets easier, safer, and faster. By purchasing their CHSB tokens, you can be a premium user and pay no commissions, as well as have access to all features, which include the Swissborg Smart Engine and Hourly Asset Analysis.
Note that these prices are as of 2:00 PM EST/11:00 AM PST on the given day, and might not reflect the current price of the coin at the time of viewing this post.
