Business

Gerald Fenech

Crypto market daily report – May 14, 2019

The positive streak continues for cryptocurrency markets with several coins reaching yearly highs as turnover increases exponentially across all exchanges. Bitcoin Core (BTC) was up by around 10% and was briefly over the $8,000 mark before retreating slightly to trade at around $7,960 on Tuesday. Another stellar performer was Ethereum (ETH), which sailed over the $200 mark on the back of a 10% increase and was trading at around $208 at press time.

However, the star performer in the Top 10 was undoubtedly Ripple (XRP), which finally crashed out of its long slumber and rose by an impressive 24% to touch the $0.40 mark. BCHABC was also up by around 11% to also touch the $400 mark, whilst Litecoin (LTC) rose by a more conservative 6% to the $91.50 level. EOS was also up by a considerable 14% to the $6.14 mark—a 2019 high—whilst Bitcoin SV (BSV) also continued an impressive recent run with another 9% increase to the $62 level. NEO was up by 10% to the $10.41 level, whilst Stellar (XLM) also recovered quite impressively to charge forward and trade at the $0.11 mark at press time. IOTA was up by another impressive 15% to the $0.36 mark, whilst Cardano (ADA) was up by 9% to the $0.08 mark.

Cryptocurrencies with smaller market caps also demonstrated considerable increases with MATIC perhaps the most impressive of them all with a whopping 58% increase, whilst Ethereum Classic (ETC) was up by another considerable 9% to the $6.50 mark. Other coins showed more conservative gains with ATOM, ICX and BAT up by just over 2% each, whilst Binance Coin (BNB) continued its impressive run with another 5% increase to top to $24 level. Although the Binance exchange hack last week had created some alarm with the coin dropping well below the $20 level it has recovered nicely over the past few days. A surprisingly negative performer was Waves, which was down by around 2% over a 24-hour period.

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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