Business 20 August 2018

Gerald Fenech

Crypto market daily report – August 20, 2018

The cryptocurrency market continued to register a consistent and stable momentum with several of the top currencies showing consistent increases. BTC’s price varied from the $6,300 to the $6,500 mark, continuing to build on this price level. Bitcoin Cash also showed solid momentum with a 5% increase to the $565 level, whilst Ripple was perhaps the best performing currency over the past few days with a 7% increase to the $0.35 level.

Ethereum remained slightly sluggish around the $300 level, although there were times when it even went above the $320 level but failed to sustain that momentum. EOS was also positive in its momentum with an 8% increase over a 48-hour period to rise well above the $5.20 level, with room for further increase in the coming days. Litecoin was slow in joining in the reversal, although it increased to around the $58 level or a 2% increase overall.

Of the currencies with smaller market caps, NEO was perhaps the best performing of them all with a 20% increase over 48 hours when the coin even touched the $21 mark. It then fell back to around $19 at press time, but this was still a considerable increase from the $14 levels of last week. Stellar Lumens was sluggish and did not register much of an increase, although it appeared to hold the $0.22 level pretty well over strong turnover. Dash remained stable at just over the $150 level with low turnover, whilst Ethereum Classic continued to recover some of its lost ground over the past few days where it traded at around the $13.50 level.

VET also recovered well from its slight slump to register a 15% increase, whilst Cardano was seemingly stable at around the $0.10 level. IOTA was also up by around 8% to the $0.53 level, whilst ICX achieved a more modest 5% increase to the $0.67 mark. ONT also performed extremely well and jumped by no less than 17% to the $2.50 mark.

Note: Tokens on the Bitcoin Core (segwit) Chain are Referred to as BTC coins. Bitcoin Cash (BCH) is today the only Bitcoin implementation that follows Satoshi Nakamoto’s original whitepaper for Peer to Peer Electronic Cash. Bitcoin BCH is the only major public blockchain that maintains the original vision for Bitcoin as fast, frictionless, electronic cash.

Note: Tokens on the Bitcoin Core (SegWit) chain are referenced as BTC coins; tokens on the Bitcoin Cash ABC chain are referenced as BCH, BCH-ABC or BAB 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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