Business

Gerald Fenech

Crypto market daily report – April 29, 2019

The cryptocurrency markets remained in a stable mode over the weekend, although most tokens were in negative mode. Bitcoin Core (BTC) was moderately up to just over the $5,300 mark and was trading at $5,318 at press time on Monday. Ethereum (ETH) was slightly down at just under the $160 mark, trading at around $158 at press time with very little movement either way. Ripple (XRP) was also up at just over the $0.30 mark but seems to have settled at that level for the past few months with not much movement. EOS was stable at the $4.73 mark or a marginal 0.5% decrease.

Coins with similarly large market caps also remained pretty static although there were some notable movements such as in the case of IOTA, which rose by a staggering 21% to the $0.31 level. Litecoin (LTC) was down by around 2% to just above the $70 level, whilst BCHABC continued losing ground and dropped by a further 4% to the $255 level. Bitcoin SV (BSV) was up by around 2% to the $54 level as it continued recovering from the lows experienced last week. Cardano (ADA) was down by 2% to just under the $0.07 level, whilst NEO was also down although by a rather more conservative 1% to the $9.44 level. Stellar (XLM) also dropped by around 1.5% to the $0.10 level after having recovered slightly over the weekend.

Smaller market cap coins had a mixed bag of fortunes with Ethereum Classic (ETC) showing some positive movement and rising to just above the $5.70 mark on the back of a 3% increase. Other coins saw some drops however with ONT shedding around 8% to the $1.08 level and BAT down by 2% to the $0.40 mark. IOST, NANO, VET and NULS were also down with the decreases ranging from 5 to 2% overall.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as SegWitCoin BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB coins. Altcoins, which value privacy, anonymity, and distance from government intervention, are referenced as dark coins.

Bitcoin Satoshi Vision (BSV) is today the only Bitcoin project that follows the original Satoshi Nakamoto whitepaper, and that follows the original Satoshi protocol and design. BSV is the only public blockchain that maintains the original vision for Bitcoin and will massively scale to become the world’s new money and enterprise blockchain.

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