Business

Gerald Fenech

Crypto market daily report – May 21, 2019

The cryptocurrency markets remained in bullish mode over the past 24 hours with most coins demonstrating an increase although that was pared back in some cases. Bitcoin Core (BTC) was down to around $7,900, although it had dipped below the $7,700 mark at one point.

Ethereum (ETH) was also up to around the $250 level after having also gone below the $245 level on Tuesday. This was on the back of a 1.5% increase, whilst BCHABC once again regained the $400 level and was trading at $410 at press time. Bitcoin SV (BSV) remained relatively stable at the $63 mark but was well supported at this level.

Other currencies with smaller market caps also had mixed movements with Ripple (XRP) actually stable at around the $0.395 level at press time. Litecoin (LTC) was up by 1% and regained the $91 level, whilst Cardano (ADA) was up by around 2% to the $0.084 mark. EOS was up by 1% to the $6.25 level, whilst NEO continued increasing with a bullish mark and was up by no less than 7% to the $11.90 mark. Stellar Lumens (XLM) was more conservative and was stable at around $0.133. IOTA was up by around 2% to the $0.406 level, whilst Binance Coin (BNB) continued moving forward albeit on a rather modest $0.5% increase to the $28.50 level.

Smaller market cap coins also had somewhat mixed fortunes with two newcomers breaking the ceiling with massive increases. MATIC was again up by over 60% to the $0.036 level, whilst MITH and ZIL were up by 18% and 16% respectively. DASH retreated slightly after Monday’s impressive gains with a 4% drop to the $163 level. IOST was up by 5%, whilst ONG rose by a considerable 15% to the $0.49 level. Ethereum Classic (ETC) remained stable at the $7.38 mark, whilst ATOM was only slightly down by 1% to just under the $4.70 level. HOT was another huge gainer where it was up by around 35% with CELR also making impressive gains forward to the 24% level.

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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