As John F. Kennedy was wont to say, “a rising tide lifts all boats.” Basically, what advantages one, advantages all. When Kennedy first uttered these phrases, it was in 1963 and he was speaking concerning the economic system. Flash ahead 55 years and – because the cryptocurrency market seems to be recovering from a miserable Q1 2018 bear run – the identical sentiment is relevant as soon as once more.
This previous week has been extraordinarily gratifying for crypto neighborhood members who weathered Q1 2018’s bear market and made the selection to ‘hodl’ when others have been panic-selling. At press time, the entire cryptocurrency market cap was simply over $394.9 billion – a greater than 18% improve from the identical time final week.
With the entire crypto market cap on the rise, how have Bitcoin and its altcoin brethren fared over the previous week? Properly, Bitcoin is up roughly eight% – touchdown at a decent $8957.95, up from its 7-day low of $8286.88. As to the altcoins? Let’s have a look…
Prime three Cryptocurrency Winners…
These are the highest three greatest performing cryptocurrencies based mostly on 7-day market exercise and with a 24-hour quantity of not less than $750,000.
24-Hour Quantity: $252,617,000
Recreation.com is an bold mission that mixes a number of parts into a complete blockchain-based gaming surroundings. A mixture gaming platform, digital asset pockets, crowdfunding platform, and immediate messenger, Recreation.com is driving excessive on a rising swell of recognition.
This time final week, GTC was buying and selling at round $zero.05 and has climbed to simply beneath $zero.35 per token. The sudden spike in worth is little doubt due largely to their partnership with Tron and this week’s announcement that Recreation.com can be working for an excellent delegate place in Tron’s upcoming Tremendous Consultant vote. A win on this election couldn’t solely push GTC costs even increased, however it will give Recreation.com a seat on the desk and a voice in deciding Tron’s future.
Pundi X (NPXS)
Pundi X is a mission that goals to make day by day crypto utilization “as straightforward as getting bottled water.” It’s a POS (level of sale) answer for retail companies that can make it straightforward for brick-and-mortar companies to simply accept cryptocurrencies in-store.
Earlier within the week, Pundi X’s token (NPXS) was buying and selling at simply over $zero.0014. On Friday it peaked at an all-time excessive of $zero.0054 earlier than settling right down to round $zero.0048.
So why the sudden rise in worth?
First, the token was not too long ago added to Korea’s Coinrail change, which at present accounts for greater than 25% of the token’s commerce quantity. Subsequent was a good assessment of Pundi X’s new POS terminal on this month’s challenge of The Nilson Report. Lastly – and doubtless most importantly of all – Pundi X executed its first NPXS token buyback of roughly 200 ETH value of tokens at a worth greater than triple that of the then-current market worth.
Costs continued to climb within the wake of the buyback however are slowly beginning to settle again down. Whether or not it settles in at a worth increased than that of its 7-day low stays to be seen.
XinFin Community (XDCE)
XinFin is a hybrid blockchain community that mixes the facility and transparency of public blockchains with the safety and pace of personal networks. Designed primarily to serve the worldwide commerce and finance industries, XinFin has been met with enthusiastic response and efficiently concluded their ICO final month.
Since being listed on CoinMarketCap in mid-April, XDCE has been holding regular at round $zero.zero03 per token. Final week, nevertheless, issues began trying moonish for the cryptocurrency. Buying and selling at $zero.0034 this time final week, XDCE reached an all-time excessive of $zero.0168 on Saturday earlier than settling right down to round $zero.0115 at press time.
The sudden spike in worth is more than likely largely attributed to XDCE’s upcoming itemizing on Singapore’s largest crypto change – COSS – in addition to a 12.5 million XDCE buying and selling promotion. That, coupled with rising curiosity in XinFin in addition to mission staff that’s completely doing the whole lot proper, might spell continued features in XDCE’s future.
…and the Prime three Cryptocurrency Losers
Sadly, not all altcoins have been watching the crypto market via green-tinted glasses this week. These are three worst performing cryptocurrencies based mostly on 7-day market exercise and with a 24-hour quantity of not less than $750,000.
Octoin Coin (OCC)