Business

Gerald Fenech

Crypto market daily report – June 12, 2019

Most of the top coins continued to show improvements on Wednesday, with several rising by considerable margins. Leading the charge was Litecoin (LTC), which posted an 8% increase to the $138 level—another yearly high as interest in the coin increased in anticipation of the much-publicised split. SegWitCoin BTC was up by around 2% and was trading at the $7,900 level at press time, appearing to make another charge towards the $8,000 mark.

Bitcoin SV (BSV) was stable at around the $185 mark although there were signs of strong support at that level with a push towards the $200 mark not entirely unexpected.

Ripple (XRP) was disappointing, settling at just above the $0.39 level, whilst EOS appeared static at the $6.30 level. Cardano (ADA) showed impressive gains and was up by no less than 6% to just under the $0.09 mark, whilst NEO also had a positive streak with an increase of around 2% to the $12.30 level. Stellar (XLM) regained the $0.12 level after having briefly dropped below that psychologically significant mark on Tuesday on the back of a 5% rise. IOTA was also up by around 2% to the $0.43 level, whilst BCHABC remained static at the $390 level with very little movement either way.

Smaller market cap coins also saw some positive movement with TRON rising by around 2% to the $0.03 mark. CELR, ONT and ETC were also in positive territory with the former rising by no less than 9% to just over the $0.02 mark. FET also saw some positive movement where it rose by 4% to the $0.24 level, whilst Binance Coin (BNB) was another positive mover where it rose by around 5% to the $33.40 level. However, other listings on Binance such as FTM and MATIC saw considerable losses with the former dropping by over 16%.

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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