Market data as of 10:22am, 21 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: $1.40 to $1.74 (▲23.79%)
Volume: $2,335,870 to $11,768,100 (▲403.79%)
Cap: $104,699,545 to $130,089,213 (▲24.25%)
Enigma just announced that they are partnering with Intel in terms of research and development efforts in advancing the privacy technology. Enigma will be using Intel’s Software Guard Extensions to further the development of their privacy project. Enigma is also launching their testnet soon and providing support to developers who wish to build on their protocol.
The news of a partnership with a big tech player such as Intel has really drawn a lot of excitement around the project, leading to the price spike. It remains to be seen whether ENG can keep up this momentum, especially considering their upcoming testnet launch.
Price: $0.027853 to $0.032385 (▲16.27%)
Volume: $28,283,500 to $53,513,800 (▲89.20%)
Cap: $230,091,960 to $272,035,520 (▲18.22%)
The IOST team tweeted yesterday, teasing an upcoming “major strategic announcement”. The announcement of an upcoming major announcement definitely has brought some attention to the project – both positive and negative.
Some investors are wary of these type of teaser announcements as it might usually lead to a dump once the actual announcement is released and it isn’t up to expectations. Regardless, those interested in the project should definitely keep up with the upcoming news.
Ethereum Classic (ETC)
Price: $15.00 to $17.11 (▲14.03%)
Volume: $285,489,000 to $377,200,000 (▲32.12%)
Cap: $1,535,822,284 to $1,752,436,045 (▲14.10%)
Ethereum Classic is set to be the next coin to be listed on popular exchange, Coinbase. Currently, Coinbase only allows for trading of 4 cryptocurrencies, so ETC will be joining a privileged class of coins. The date of the release is not finalized yet, but people have evidently been buying up ETC in anticipation of the listing.
When Bitcoin Cash launched on Coinbase late last year, there were many issues and crazy price volatility. Coinbase has likely learned some things from that previous BCH fiasco and users can probably expect a better management of the listing of ETC.
Price: $2.67 to $2.93 (▲9.38%)
Volume: $5,901,250 to $7,784,590 (▲31.91%)
Cap: $357,314,614 to $390,863,869 (▲9.38%)
In their most recent Developer Update, Nano announced that their Android and Desktop wallet apps are ready and will be open sourced once they go live. They are currently waiting for approval from Apple and the wallet will be released once it is approved.
NANO has been plagued by hacking incidents in the past when it was most heavily traded on Bitgrail and its price has been sliding on a downward trend since January. The release of the wallets might bring some excitement back around the project in the coming weeks.
Price: $0.688892 to $0.812135 (▲17.89%)
Volume: $5,922,340 to $7,342,600 (▲23.98%)
Cap: $64,460,642 to $75,817,132 (▲17.61%)
Asch just announced their listing on popular exchange, OKEx. The listing will bring a lot of visibility and new liquidity to the coin as OKEx is an exchange with one of the highest trading volumes.
There does not appear to be any other fundamental development around the project leading to the price hike. Thus, investors should be wary of buying in on a listing hype only for the price to come back down.
(Market data source: CoinMarketCap)