Business 24 August 2018

Gerald Fenech

Crypto market daily report – August 24, 2018

The cryptocurrency market remained stable on Thursday evening and Friday morning with BTC settling above the $6500 mark on increased turnover. The market appeared to have shrugged off the jitters regarding the ETF refusal decisions on Wednesday and no major falls were experienced.

Bitcoin Cash also recovered from its slump on Thursday and was once again trading close to the $530 level on Friday at press time—an increase of 3%. Ripple continued to stabilize around the $0.33 level, although it appears that the momentum behind this currency was long gone and there’s now upward push apparent in the foreseeable future. Ethereum was similarly sluggish and appeared to coalesce around the $270 level although even here, momentum was weak.

Other larger currencies by market cap also held on to their previous levels, with EOS once again toying with the $5 mark settling at just under $4.95 at press time. Litecoin also held firm at the $57 level, where it appears to have settled of late. NEO was also up by around 3% to trade at the $18 level at press time, whilst Stellar remained relatively stable at the $0.21 level registering a minimal 2% increase. Cardano was up by around 3% to toy with the $0.09 level, but movement was also quite restricted here.

Currencies with smaller market caps remained in the same levels with minor increases here and there. IOTA was up by around 3% to regain the $0.51 level, whilst VET registered a minor 3% increase to settle at the $0.014 level. The only outlier with a hefty increase was ICX, which was up by an impressive 10% to the $0.67 level. Ethereum Classic remained in the same boat with an insignificant 1% increase settling at the $12.50 mark. TRON was up by around 5% to the $0.021 level, whilst ONT was up by an average of 3% to the $2.14 mark at press time on Friday.

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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