On Sunday, all 20 major digital currencies saw gains. Some gains were only slight, while others were significant. The latter includes Bitcoin, which is now trading at over $3,200. Bitcoin, which is the world's largest cryptocurrency by market value, is up almost 2% for the day. Prices are a little above the week's low point for the currency, which occurred on Saturday. Ripple, which is the second largest digital currency by market value, has risen more than 2% for the day. Currently, it is trading at $0.29, which is near its high for the day of $0.294. Its price is a good deal higher than the week's low point for the currency, which was $0.282. On the other hand, it is still lower than the $0.311 price it opened the week at. Ethereum, which is the third largest digital currency by market value, is up almost 4% for the day. Currently, it is trading at $87 after starting the day at $83. Its price, though, is still significantly lower than the $95 it started the week at. Among the smaller cryptocurrencies in the top 20, some are experiencing big gains. Bitcoin SV, for example, is up 16%. Other big gainers include Litecoin at almost 11%, EOS at around 6% and DASH at 5%. In spite of recent dramatic drops in cryptocurrency prices, many in the industry are still bullish at least in the long-term. Stephen Pair, who is the CEO of the cryptocurrency payments company BitPay, recently said that he expects payments in cryptocurrencies to become mainstream within 3-5 years, with most retail businesses accepting them. He further added that, when this happens, the prices of digital currencies will rise, too. Pair is not the only industry person who thinks cryptocurrency prices will eventually rise again. Jeremy Allaire, who is the CEO of a cryptocurrency finance company called Circle, said in a recent interview with CNBC that Bitcoin specifically will be significantly more valuable in 3 years time than it is today.
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