Market data as of 10:31am, 4 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.
Bitcoin Cash (BCH)
Price: $1,086.23 to $1,193.89 (▲9.85%)
Volume: $702,256,000 to $906,704,000 (▲29.11%)
Cap: $18,670,631,712 to $20,492,256,280 (▲9.75%)
Last week, we anticipated that many players in the market were accumulating exchange tokens in order to make trades in the coming days. We are seeing the effects of that today, with most players in the green as of the time of writing. BCH is simply one of the beneficiaries of the market rebounding, going up close to 10% today.
There are many vocal proponents for Bitcoin Cash who predict that the coin will do well. The payments solution digital asset has solidified its place amongst the top cryptocurrencies ever since it was traded on Coinbase.
Price: $3.70 to $4.05 (▲9.40%)
Volume: $72,212,600 to $97,883,500 (▲35.55%)
Cap: $1,946,524,958 to $2,130,347,178 (▲9.44%)
VeChain CEO, Sunny Lu, appeared last week at the 2018 China International Big Data Industry Expo as a keynote speaker, showcasing VeChain and its implementations to a large audience of over 40,000 attendees. There have also been quite a few new projects, which are built on the VeChainThor Blockchain mainnet, that are being released, as well as the first ever ICO which would be conducted on the platform.
VeChain is one of the more established assets in the cryptocurrency space that has built partnerships with many big players in the supply chain industry. VEN is expected to continue to do well as it has rebounded at a higher level of support than previously in April.
Price: $2.14to $2.31 (▲7.76%)
Volume: $3,467,440 to $4,802,720 (▲38.51%)
Cap: $321,591,151 to $346,492,251 (▲7.74%)
AION Co-founder, Kesem Frank, is currently participating in the Block Chain For Impact event hosted by the UN where attendees will get to learn more about a more inclusive, decentralized and accessible future and how AION aligns with that mission.
AION is rebounding nicely and its price is approaching the 50- and 100-day moving averages from below. If it can break above those two indicators and see an influx of more trading volume, it would signal a bull run for the coin.
Price: $0.007696 to $0.009173 (▲19.18%)
Volume: $1,542,160 to $12,579,900 (▲38.51%)
Cap: $81,124,690 to $97,372,493 (▲7.74%)
We recently covered DENT as they have been growing rapidly and their app has seen a sharp increase in usage over the past few weeks. Today, DENT is the top gainer among the top 200 coins.
The Dent team announced just yesterday that they have officially crossed 500,000 users and in fact, their app gained an additional 115,000 users in just 36 hours. Interest around the project is definitely growing.
It is still a little early to say, but DENT is still at a relatively cheap level on its Bitcoin comparative and it seems like it might be bottoming out and starting on an uptrend. If you like the project, it seems like a great time to get it at a discount.
Price: $0.197396 to $0.232928 (▲18.00%)
Volume: $75,818 to $100,293 (▲32.28%)
Cap: $51,280,401 to $60,409,458 (▲17.80%)
The Pillar team has announced that their wallet will be released a their PillarUnconference in Vilnius, where attendees will be the first to get a taste of it.
While the price of PLR has gone up a good 18%, the trading volume is still relatively low and does not indicate strong price strength confirmation. On the other hand, PLR has undergone a very strong pullback from its highs and is trading a very cheap price right now for those who want to get it.
(Market data source: CoinMarketCap)