Market data as of 10:50am, 22 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: $0.101858 to $0.157870 (▲54.99%)
Volume: $63,081 to $461,393 (▲631.42%)
Cap: $79,976,051 to $124,457,124 (▲55.61%)
Centrality just announced that they are now an AWS technology partner, which is likely the catalyst for the price movement we are seeing. Though the gains seem extremely large, the liquidity of the coin is not that high and it could be just a few buyers pumping up the price.
CENNZ probably needs to be listed on more exchanges so that it can have more trading volume and price strength confirmation.
Price: $0.024751 to $0.028620 (▲15.63%)
Volume: $1,269,650 to $8,167,230 (▲643.26%)
Cap: $124,146,770 to $143,409,473 (▲15.51%)
FunFair was recently nominated for the EGR B2B Awards 2018 for ‘Innovation in RNG Casino Software’. They were also nominated for two categories, Hottest Blockchain ICO & Hottest Blockchain/Crypto Startup Founder, at this year’s The Europas.
FunFair has been trending downwards since its highs in January and the nominations have brought some attention to the project, leading to the price movement. The technical signs do not appear to indicate that this price direction will continue and FUN needs much more volume to break out of its downward trend.
Binance Coin (BNB)
Price: $16.32 to $16.71 (▲2.34%)
Volume: $56,144,400 to $128,821,000 (▲129.44%)
Cap: $1,864,289,990 to $1,905,618,554 (▲2.21%)
Binance has been very active in organizing lucky draws and competitions with the coins that have listed with them. They even hold livestreams for the lucky draws to engage their audiences. We continue to see exchange tokens doing well despite the overall market. It appears as if investors are turning to the exchange tokens as a safe haven because the intrinsic value of the token is much clearer.
Getting 50% discounts from using the tokens to pay for trading fees essentially basically implies that buyers of the token immediately get double the value of the token once they buy it. We expect to continue to see exchange tokens doing well in the market.
Price: $6.64 to $7.63 (▲14.79%)
Volume: $8,914,450 to $13,678,000 (▲53.43%)
Cap: $60,622,380 to $68,682,690 (▲13.29%)
Skycoin recently had a massive panic selling. It’s price went from $35 at its highs to levels of $6 at its lows. The panic selling came as a result of announcements from the Skycoin team. They claimed that their CEO’s home was burglarized by members of a Chinese marketing team that they hired. According to their official status update, him and his wife were “held against their will for 6 hours, over the course of which they (were) threatened, beat and robbed”. The supposed burglars were previously engaged by the Skycoin team for marketing but have been allegedly embezzling SKY over the course of half a year.
The news led to a massive sell off as investors are unsure of what will happen to the coin. The team has since come up with several measure to attempt to protect their investors, including getting exchanges to freeze the accounts holding the stolen SKY. Needless to say, the situation is still very uncertain and people should still be wary about dealing with Skycoin.
Endor Protocol (EDR)
Price: $0.099685 to $0.110312 (▲10.66%)
Volume: $1,101,500 to $955,254 (▼13.77%)
Cap: $33,028,947 to $38,574,074 (▲16.78%)
Endor has been teasing an important announcement that will concern “both liquidity, as well as token economy.” Endor’s Chief Alchemist, Dr. Mihaela Uliero, was also recently invited to discuss emerging technologies at the Congressional Blockchain Caucus.
EDR is still a very new coin and is only trading on a few notable exchanges right now, so the liquidity is not very high. Look out for their upcoming announcement which might build excitement around the project and bring more liquidity.
(Market data source: CoinMarketCap)