Business 27 August 2018Gerald Fenech
Crypto market daily report – August 27, 2018
The cryptocurrency market began a small rally on Monday with most of the top currencies showing slight gains, while those with smaller market caps registered large gains. BTC settled at the $6,700 mark with very little movement either way, although there appeared to be momentum for an upward push.
Bitcoin Cash was up by around 3% to the $530 mark but here there was no real momentum and the currency appeared stuck in these levels with not much turnover or momentum either. Ripple also meandered about the $0.33 level with a minimal 2% increase and there did not seem to be much momentum here. Ethereum settled at around the $270 mark having actually dropped by around 2% on Sunday, but eventually recovering its previous price levels on Monday at press time.
However, the big news was in the alt coins that have smaller market caps. ICX was by far the biggest gainer with a staggering 30% gain to the $0.92 level. ONT was also up by around 13% to the $2.53 level; whilst another coin which recorded strong gains was IOTA, which shot up by 15% to the $0.61 level. Other currencies in the Top 10 recorded more moderate gains but prices were also up overall. Cardano was up by 4% to the $0.10 level, whilst NEO registered a 6% increase to creep above the $18 level again for the first time in several days.
Litecoin registered a steady 3% increase to the $58 level, whilst Stellar Lumens continued with its slow growth by around 4% to the $0.22 level. Ethereum Classic was up by around 3% to the $12.50 level, whilst VET also recorded strong gains to clip the $0.016 level—a rise of 10%. Dash recorded a minimal 2% gain to reach the $142 mark, whilst TRON was up by 7% to the $0.023 level.
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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