Market data as of 10:15am, 8 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: $1.31 to $1.48 (▲12.74%)
Volume: $87,936,000 to $46,944,800 (▼46.62%)
Cap: $137,061,133 to $154,919,346 (▲13.02%)
We previously covered several exchange tokens that were doing well. Bibox is another exchange token that offers users discounts upon using BIX to pay for trading fees on the platform. Bibox has been active in listing new tokens as well as running trading competitions.
Since March this year, BIX has been on a strong uptrend with strong trading volumes. It remains to be seen when this upward momentum will burn out. The price movement could also indicate that traders are stocking up on BIX to make future trades.
Price: $0.0169359 to $0.017897 (▲9.40%)
Volume: $27,849,200 to $24,128,800 (▼13.36%)
Cap: $572,107,061 to $625,007,958 (▲9.24%)
The Sia team just released Sia v1.3.3 which features the ability for users to store video files on their network at very low storage and traffic costs, relative to other cloud storage platforms.
SC has broken through it’s 50-, 100- and 200-day moving averages from the bottom and looks like its gaining momentum to move up further. If it can hold above the moving averages, it will be a very good sign for Siacoin holders.
Price: $4.36 to $4.63 (▲5.98%)
Volume: $25,633,400 to $30,697,100 (▲19.75%)
Cap: $435,755,000 to $462,600,000 (▲6.16%)
The Waves team just announced updates to their mainnet. The release includes several important developments for the mainnet, including “data transactions, Fair PoS, token burning and sponsored transactions”. All the updates can be found in their official update announcement.
WAVES is approaching its moving average lines from the bottom and investors should look out for whether or not it manages to break through and hold above them. WAVES is currently trading at a discount after a pullback from its run-up ending early May.
Huobi Token (HT)
Price: $5.48 to $5.86 (▲6.78%)
Volume: $239,790,000 to $103,075,000 (▼57.02%)
Cap: $273,690,594 to $292,783,171 (▲6.97%)
On Wednesday, Huobi held their 2018 Huobi Branding Global Press Conference where they announced their re-branding efforts. More importantly, they revealed that they will be embarking on building Huobi Chain. The development of Huobi Chain will be open-sourced and is a step forward for the company to move towards the future of decentralization.
At the same time, Huobi is also accepting applications for the Huobi Global Elite program, which will require applications to have a significantly large amount of HT locked up. These factors culminate in the price movement of HT.
Enjin Coin (ENJ)
Price: $0.098070 to $0.118214 (▲20.54%)
Volume: $4,020,120 to $16,164,600 (▲302.09%)
Cap: $73,851,048 to $89,392,544 (▲21.04%)
Enjin recently got a trading pair with BNB on popular exchange, Binance. The Enjin Wallet app is also trending well and was even the top trending finance app in Singapore yesterday.
Their wallet app also recently got an update, called the Infinity update, which features security upgrades as well as transaction speed increases.
ENJ is finally starting to have some upside action after a period of pullback. It has broken above it’s 50- and 100-day moving averages and had a sudden influx of buy action. This shows that confidence in ENJ is building up and might be a good buy indicator.
(Market data source: CoinMarketCap)