Market data as of 10:21am, 13 June 2018.
Disclaimer: The views and claims expressed here are not meant as an alternative form of investment advice. Every investment move involves risk, and you should consult professional financial advisors for guidance or conduct your own research before making a decision.
Price: $2.33 to $2.49 (▲6.65%)
Volume: $2,001,940 to $2,241,980 (▲11.99%)
Cap: $97,576,417 to $104,064,813 (▲6.65%)
The CIO of Bitfury, Alex Petrov, and CTO of Emercoin, Oleg Khovayko, will be jointly holding an AMA (Ask-Me-Anything) on Reddit today. Since the start of June, EMC has been seeing steady daily upwards price action with more volume than it had previously been getting since January and one possible reason is this upcoming AMA session. There does not appear to be any other fundamental developments or announcements from Emercoin.
The price of EMC shot up and came back down almost as quickly in April, when they announced a partnership with Coca Cola. Since then, it has been trading relatively sideways, with a down period in May, but is now seeing upside action. If the AMA session goes well, EMC could continue to move upwards to higher levels.
Loom Network (LOOM)
Price: $0.249101 to $0.258268 (▲3.68%)
Volume: $10,303,000 to $25,946,000 (▲151.82%)
Cap: $156,565,446 to $156,635,848 (▲0.04%)
Loom Network just announced the launch of their Loom SDK Public Beta that will make it elementary for any developers to build DApps on their network. They also announced multiple upcoming development released by the end of June and July.
Ever since its listing on Binance in early May, LOOM has seen mainly sell side action. The announcements have brought about a large influx of buying volume. It remains to be seen how developers and the community receives their SDK in the coming period, but sentiments are definitely on the positive end as of now.
Binance Coin (BNB)
Price: $15.44 to $15.54 (▲0.60%)
Volume: $90,562,000 to $112,054,000 (▲23.73%)
Cap: $1,755,414 to $1,772,156,032 (▲0.95%)
Binance Coin continues to maintain it’s price despite the generally red markets. Binance has been actively listing new coins as well as running trading competitions and lucky draws in collaboration with different projects.
It still remains to be seen whether the upwards price movement indicates what it usually does – which is investors stocking up on BNB in preparation of making big trades as they can get trading fee discounts. BNB is an asset that will always have intrinsic value and use as long as Binance continues to be one of the leading exchanges.
Price: $0.764529 to $0.878444 (▲14.90%)
Volume: $97,699 to $75,929 (▼22.39%)
Cap: $38,948,530 to $44,900,220 (▲15.28%)
Swarm allows for the tokenization of different investment vehicles. There have been several tokenized funds that are becoming trade-able on the Swarm platform.
While SWM has good price movement today, the trading volume is extremely lacking for price strength confirmation. SWM has been on an uptrend since May, but the volume does not spark incredible confidence for investors.
Price: $0.369827 to $0.38647 (▲4.50%)
Volume: $15,836,900 to $28,161,300 (▲77.82%)
Cap: $42,816,156 to $44,097,887 (▲2.99%)
Today, IoTeX will be unveiling their Roll-DPoS consensus mechanism on live stream at the CPC Crypto Developers Conference. Their co-founder, Raullen Chai, will also be joining a panel alongside projects like ZCash and Enigma to talk about privacy and its use cases.
IOTX has been selling down since it listed on Binance at the start of June. The past few days signals the beginning of some upwards price action alongside slightly more trading volume for the coin. Investors interested in the project should monitor the price movement to watch out for a potential bottoming out and reversal.
(Market data source: CoinMarketCap)