In the last 24 hours, the price of Bitcoin Cash surged from $287 to $322 by more than 12 percent as the valuation of the crypto market increased by around $4 billion. Continue reading Bitcoin Cash Spikes 12%: Is the Anticipated “Altcoin Season” Imminent?
Tron has jumped 25% in price against the dollar. Tron’s TRX tokens were trading for $0.045 yesterday, with the price jumping to $0.056 earlier today. The move places Tron as the fourteenth most valuable cryptocurrency in terms of market cap, with a total valuation surpassing $3.4b and overtaking Ethereum Classic. It’s possible that the price increase followed the news that the virtual currency had been listed on the Bittrex exchange, with investors expecting that the move would increase exposure and adoption. Founder Justin Sun received over five thousand likes for his tweet responding to the exchange’s announcement, which demonstrates the large community that the platform is building. It seems more likely however that the jump in price is connected with the news that the platform will launch ahead of schedule. A blog post from the organisation based on a WeChat conversation with Tron’s technical team revealed that the launch had been pushed forwards from July 1st to May 31st – an entire month. Developer Lucien Chen stated that the push forwards had been made possible by prioritizing what needed to be done for the launch and scheduling everything not essential to be implemented after the mainnet release.
The Litecoin price posted a lonely decline on Tuesday after LitePay’s much-anticipated debit card launch was scrubbed at the last minute and delayed indefinitely. The cryptocurrency markets continued to shake off their weekend slump on Tuesday, and most large-cap cryptocurrencies posted strong returns against the US dollar. But while the cryptocurrency market index rose by seven percent, Litecoin became the lone top 15-cryptocurrency to post a single-day decline. At present, the Litecoin price is $217 on cryptocurrency exchange Bitfinex, which represents a single-day decline of four percent and translates into a $12.1 billion market cap.The largest slice of Litecoin trading volume is concentrated on OKEx, which accounts for more than 31 percent of all LTC volume. Notably, KRW pairs — which often spur on altcoin rallies — currently comprise a relatively small amount of Litecoin trading.
Patrick Byrne, the CEO of Overstock, which was the first major retailer to accept Bitcoin (BTC) back in 2014, has said that he is “not really interested in cryptocurrencies per se,” but revealed a little-known Blockchain project his company has invested “millions of dollars” into in an interview with Business Insider Friday, Feb. 23. When asked if he’s interested in “everything cryptocurrency” or “really interested in the Blockchain [sic]”, Byrne prefaced his answer by saying he is “really letting something big out of the bag”, going on to reveal both Overstock’s and his personal interest in a virtually unknown Blockchain project called Ravencoin, which launched very quietly on Jan. 3, 2018. The Ravencoin project’s single blog post, published Nov. 1, 2017, opens with a sentence designed to pique the interest of a Game of Thrones-loving crypto investor.
Nano is leading the crypto recovery today. After a week of bloodshed, there is finally some green out there yonder on the ol’ crypto fields. Right now, only ten cryptos are down out of the top 100 cryptocurrencies. Nano has been a consistent leader today, outgrowing all the other cryptos on the market. At the time of writing, Nano has a selling price of $12.59. This puts the altcoin up 35.41% in the past 24 hours – more than any other coin on the market as of right now.
Like many of the other cryptos on the market, Nano struggled in the first half of this week. However, the altcoin started to recover faster than many of the rest of the cryptos out there. Nano began to recovery by around Tuesday and continued its growth through to Wednesday. Nano’s fast growth in the latter half of this week is a relief to many after the token plummeted thanks to the hack on the Italian exchange BitGrail. In fact, Nano was managing to grow while many of the other cryptos continued to suffer.