Business 7 November 2018

Gerald Fenech

Crypto market daily report – November 7, 2018

The cryptocurrency markets continued to post slight gains on Wednesday morning, with Bitcoin Cash still on an impressive run—surpassing the $600 level on Tuesday evening and settling at around $620 at press time on Wednesday.

BTC, meanwhile, reached the $6,550 mark and was pushing towards the $6,600 level. Ripple gave back some of its gains over the past 48 hours and was down by around 2% at press time to the $0.54 level, although it was still the second highest traded currency on Binance. Ethereum plodded steadily upwards reaching the $220 level at press time on Wednesday, whilst EOS continued gaining traction and was up by a further 2% to the $5.70 mark although turnover remains something of a concern here.

Other top 10 currencies had mixed fortunes with Litecoin only rising by around 2%, whilst Stellar shot up by 8% to the $0.27 mark—the highest level it has been for some time now. NEO continued to perform sluggishly and was only at around $17 at press time on Wednesday—a 2% increase—whilst Cardano held on the $0.08 level before dropping briefly below that on Tuesday. TRON remained relatively static at the $0.024 mark, whilst Ethereum Classic hovered around the $9.70 level at press time on Wednesday.

Currencies with smaller market caps also remained relatively stable over the Tuesday-Wednesday period, with IOTA hovering around the $0.51 level or a 2% increase. ICX regained the $0.66 mark on the back of a 3% rise, whilst VET and QTUM performed better with 5 and 6% rises respectively. Binance Coin was flat at the $9.90 level or a 2% increase, whilst NULS posted a 4% increase to the $1.13 level.

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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