Market data as of 10:44am, 9 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.
Bitcoin Diamond (BCD)
Price: $3.12 to $3.57 (▲14.42%)
Volume: $34,020,700 to $17,260,600 (▼49.26%)
Cap: $479,852,143 to $548,429,247 (▲14.29%)
While it has achieved the highest growth today, Bitcoin Diamond has also seen a fall in volume by almost half. With no special projects nor implementations, many have speculated that the bullish increase is a result of the common case of a pump. Investors are warned to proceed with caution.
Price: $0.036941 to $0.041301 (▲11.80%)
Volume: $8,958,580 to $19,315,300 (▲115.61%)
Cap: $387,668,602 to $433,610,869 (▲11.85%)
Even though the market has recently seen a rebound in performance lately, the results are not stable. However, DigiByte has managed to rise against the fiat over the past few days, with a slow but very steady growth. Evidently, it is no fluke.
Just three days ago, DigiByte announced an official integration with UTRUST, a leading payments gateway that specialises in cryptocurrencies. This implementation resulted in a sharp jump of DigiByte by 20% against the US Dollar, on the day of the announcement. It comes as no surprise that the plan to offer users a secure payments solution through which they can use multiple cryptocurrencies safely has shed a positive light on the project.
Even though the announcement came a few days ago, the effects of the implementation are still going strong. One can expect more of this project in the future.
Price: $0.004854 to $0.005092 (▲4.90%)
Volume: $1,739,980 to $3,875,190 (▲122.71%)
Cap: $139,824,241 to $146,706,355 (▲4.92%)
ReddCoin has always been one to fluctuate heavily in the market. Despite its price volatility, the coin has managed to see bullish results in the last few hours, which is out of the norm. The cause of the increase could most likely be traced back to an official announcement made just three hours ago, in which Reddcoin unveiled the Public Beta launch of the ReddID Social TIpping Extension & Platform. Software installation instructions have since been made available on Google Drive. Needless to say, ReddCoin will be seeing more green for the time being, especially with community members expressing great enthusiasm in the new beta launch.
Price: $1.37 to $1.44 (▲5.11%)
Volume: $40,981 to $69,469 (▲69.52%)
Cap: $93,779,574 to $98,768,031 (▲5.32%)
Paypex has seen steady growth over the past week. Results in the last few hours, however, have seen tremendous results. This could possibly be explained by the new listing of Paypex onto MERCATOX, a cryptocurrency exchange platform that offers three different languages.
Price: $1.99 to $2.13 (▲7.04%)
Volume: $5,472,020 to $12,243,500 (▲123.75%)
Cap: $1,211,460,720 to $1,293,240,894 (▲6.75%)
Tezos is a project that many investors have set their eyes on, especially due to its overwhelmingly successful ICO project that raised a record-breaking amount of $232 million worth of Bitcoin and Ether. A year after the crowdsale, however, Tezos went in decline after starting out with a trade value of $4.00 before its official listing. The further decline could be explained by ICO investors’ massive sell-out due to a lack of confidence in the project and the lack of exchange listings. However, with the steady, albeit slow, improvement, it is only a matter of time before Tezos begin to find its position in the market. After all, it is a fairly new project that launched against the bearish market.
Many investors feel pent-up frustration from the year long build-up of the token release, which could have explained the sell-out that resulted in its huge supply. Once again, it will take some time for the project to find a stable footing in the market.
(Market data source: CoinMarketCap)