Market data as of 10:24am, 2 July 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: 0.00000377 to 0.00000443 (▲17.51%)
Volume: 2,582,870 to 4,505,690 (▲74.45%)
Cap: 119,996,785 to 140,559,302 (▲17.14%)
While it seems that there are no apparent partnerships or activities announced recently to explain the rise in price and volume, there has been some unusual marketing taking place.
Replying to a tweet by hollywood star Paris Hilton, an anonymous twitter account marketed the token, claiming that “you could become even richer than you are if you buy some FUN tokens”. With such a tweet hanging on Hilton’s Twitter thread, no doubt that at least a few of her 18.1 million followers are bound to be coaxed into investing.
Price: 0.00042356 to 0.00045682 (▲7.85%)
Volume: 1,889,800 to 2,508,160 (▲32.72%)
Cap: 112,937,092 to 121,352,754 (▲7.45%)
Emercoin has seen visible results in the past month, especially with a surge in activities and promising partnerships. Just in June alone, Emercoin has conducted AMA sessions to engage the community, appeared at blockchain panel talks at the 2018 Conference held by Chainges, and announced the release of their new wallet.
Against the pessimistic market, Emercoin has been performing steadily, albeit slowly. One might expect further growth in the future.
Price: 0.00001657 to 0.00001889 (▲14.00%)
Volume: 2,029,080 to 7,683,710 (▲278.68%)
Cap: 80,202,155 to 91,077,100 (▲13.56%)
While it was recently announced that the GTC has officially been listed on FCoin exchange, there seems to be no clear causal relationship for the rise in price.
Meanwhile, GTC is planning on releasing airdrops worth half of their supply to all holders in August. News of the airdrops could definitely have aided in the immense surge in prices and volume.
Power Ledger (POWR)
Price: 0.00004221 to 0.00004823 (▲14.26%)
Volume: 64,368,100 to 55,245,700 (▼14.17%)
Cap: 100,202,925 to 114,054,818 (▲13.82%)
Over the past week, Power Ledger’s esteemed analyst spoke at a panel discussion in perth – Young Engineers Australia WA’s ‘Beyond Bitcoin: How will Blockchain change Engineering?’ Not only that, Forbes dedicated an article to Power Ledger yesterday, providing more exposure to the coin.
However, given that the increase in price comes at the expense of a fall in volume, buyers should be remain cautious of market manipulation. Increases in price may not necessarily reflect a surge in popularity in this case.
Price: 0.00011833 to 0.00013096 (▲10.67%)
Volume: 23,849,800 to 13,775,500 (▼42.24%)
Cap: 401,038,669 to 442,200,053 (▲10.26%)
The wondrous performance of ZRX comes after news of Mobidex announcing the launch of Alpha on 17 July. Being a mobile first relayer built on top of the 0x protocol, it comes as no surprise that one of the repercussion includes a surge in popularity of the ZRX coin.
However, once again, a fall in volume by almost half suggests that there is more than meets the eye – an increase in price may not necessarily be explained by an increase in investments per se. Investors should remain cautious of market manipulation.
(Market data source: CoinMarketCap)