Now that all the panic selling has settled a quick look at the top 10 coins shows green across the board
Bitcoin (BTC) investors should be aware of the 10.13% value increase from what it was this time yesterday with a price tag of $11,399.70 compared to it’s decline of -17.37% over a 1 week period. In terms of BTC volume 1,618,314.52 and $18,448,300,000 has been traded over the 24 hour period. The coin is ranked number 1 and has a current market capitalisation of $191,630,518,759. There are currently 16,810,137 Bitcoin coins in circulation.
Ethereum (ETH) investors may have seen the 10.63% price increase from what it was 24 hours ago with it’s value now at $1,010.58 this compares to a decrease of -17.2% over the last week. In terms of BTC volume 710,043.6 and $8,054,150,000 has been traded over the past day. The ranking position for the coin is number 2 and has a market cap of $98,082,329,535. Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. In the Ethereum protocol and blockchain there is a price for each operation. The general idea is, in order to have things transferred or executed by the network, you have to consume or burn Gas. The cryptocurrency is called Ether and is used to pay for computation time and for transaction fees. There are currently 97,055,483 coins in circulation.
Ripple (XRP) traders will be aware of a 35.91% price increase from what it was the same time on the previous day it’s price now at $1.45 compared to it’s decrease of -20.84% over the last week. Volume in terms of BTC 735,793. and $8,346,230,000 has been traded over the past day. The coin has a ranking as number 3 and now has a market capitalisation of $56,110,161,839. Ripple positions itself as a complement to, rather than a competitor with, Bitcoin – the site has a page dedicated to Ripple for bitcoiners. Ripple is a distributed network which means transactions occur immediately across the network – and as it is peer to peer – the network is resilient to systemic risk. It is not mined – unlike bitcoin and its peers – but each transaction destroys a small amount of XRP which adds a deflationary measure into the system. There is currently 38,739,142,811 coins in circulation.
Bitcoin Cash (BCH) traders may have noticed the 9.13% value increase from what it was yesterday this time with a price tag of $1,795.72 compared to it’s slide of -29.64% over the last 7 days. In terms of BTC volume 120,863.85 and $1,370,980,000 has been traded over the last 24 hours. The coin has a ranking as number 4 and now has a market capitalisation of $30,379,923,621. Bitcoin Cash (BCH) is a hard forked version of the original Bitcoin. It is similar to BTC with regards to its protocol; Proof of Work SHA-256 hashing, 21,000,000 supply, same block times and reward system. However two main differences are the the blocksize limits, as of August 2017 Bitcoin has a 1MB blocksize limit whereas BCH proposes 8MB blocks. Also BCH will adjust the difficulty every 6 blocks as opposed to 2016 blocks as with Bitcoin. There are currently 16,917,963 coins in circulation.
Cardano (ADA) investors will note the 22.66% price increase from what it was yesterday this time with it’s value now at $.63 this compares to a slide of -10.55% over the last week. In terms of BTC volume 138,298.12 and $1,568,740,000 has been traded over the 24 hour period. The ranking position for the coin is number 5 and has a market capitalisation of $16,365,322,486. Designed and developed by IOHK in conjunction with the University of Edinburgh, the University of Athens and the University of Connecticut, Cardano SL (or Cardano Settlement Layer) is a Proof of Stake cryptocurrency based on the Haskell implementation of the white paper “Ouroboros: A Provably Secure Proof of Stake Blockchain Protocol” by Aggelos Kiayias, Alexander Russell, Bernardo David and Roman Oliynykov. There are currently 25,927,070,538 coins in circulation.
Litecoin (LTC) investors will have noticed the 12.4% price increase from what it was 24 hours ago with a price tag of $188.77 this compares to it’s decrease of -19.83% over the last week. Volume in terms of BTC 117,116.22 and $1,328,470,000 has been traded over the 24 hour period. The coin is ranked number 6 and now has a market cap of $10,346,454,025. Litecoin LTC – provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have – which are its main differentials to Bitcoin. The Litecoin network is scheduled to produce 84 million currency units with a halving in reward every four years just like bitcoin. The coin was created by a Google employee, Charles Lee. It has spawned numerous clones – however it has a solid base of support and dedicated development team. There are currently 54,810,133 coins in circulation.
NEM (XEM) investors have seen the 25.17% value increase from what it was 24 hours ago with a price tag of $1.03 this compares to it’s decline of -24.56% over the 7 day period. Volume in terms of BTC 13,875.13 and $157,388,000 has been traded over the past day. The ranking position for the coin is number 7 and now has a market cap of $9,293,939,999. NEM is a peer-to-peer crypto platform. It is written in Java and JavaScript with 100% original source code. NEM has a stated goal of a wide distribution model and has introduced new features in blockchain technology in its proof-of-importance (POI) algorithm. NEM also features an integrated P2P secure and encrypted messaging system, multisignature accounts and an Eigentrust++ reputation system. There is currently 8,999,999,999 coins in circulation.
NEO (NEO) traders may be aware of a 26.19% value increase from what it was yesterday with it’s value now at $142.61 this compares to it’s increase of 24.02% over the last 7 days. In terms of BTC volume 123,519.19 and $1,401,100,000 has been traded over the 24 hour period. The ranking position for the coin is number 8 and has a market cap of $9,269,390,000. NEO is a platform in which users can issue and trade assets. NEO has been rebranded from the original ‘Antshares’. It tokenizes proofs of ownership of an asset and not the asset itself, thus taking into account all of the legal complications and obligations that may come with the transfer of shares, equity and assets. There are currently 65,000,000 coins in circulation.
Stellar (XLM) investors should be aware of the 29.13% price increase from what it was 24 hours ago with a current price of $.49 compared to it’s decline of -4.36% over the last week. In terms of BTC volume 44,963.68 and $510,031,000 has been traded over the past day. The coin is ranked number 9 and has a market capitalisation of $8,816,134,750. Stellar is a technology that enables money to move directly between people, companies and financial institutions as easily as email. This means more access for individuals, lower costs for banks, and more revenue for businesses. Help better the world’s financial infrastructure by participating in our community or by building on Stellar. There are currently 17,890,864,048 coins in circulation.
IOTA (MIOTA) traders should be aware of a 21.13% coin price increase from what it was yesterday this time with a price tag of $2.82 this compares to a decrease of -18.76% over a 1 week period. Volume in terms of BTC 18,375.89 and $208,441,000 has been traded over the last 24 hours. The coin has a ranking as number 10 and now has a market capitalisation of $7,850,449,741. There are currently 2,779,530,283 IOTA coins in circulation. This data was taken at 18/01/2018 10:59:14.
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