o3n [ozone] blockchain layer

Blockchain source

Menu
  • Cybersecurity services
Menu

Crypto Markets See Modest Growth Across the Board

Posted on October 4, 2018 by nbelov

Cryptocurrencies are today posting modest gains market-wide, with all of the large-market cap coins seeing green.

Thursday, Oct. 4: cryptocurrencies are today posting modest gains market-wide. All of the top twenty coins by market cap are tipping into green, as data from Coin360 shows.

Market visualization

Market visualization by Coin360

Bitcoin (BTC) is up by 1.2 percent on the day, trading around $6,573 as of press time. Following a bullish high of $6,783 at the start of its weekly chart, the top coin saw two subsequent price corrections (Sept. 29 and Oct. 3), yesterday briefly dipping below the $6,500 threshold.

On its weekly chart, Bitcoin is now 1.5 percent in the red. Monthly losses are pushing a stark 10.6 percent.

Bitcoin 7-day price chart

Bitcoin 7-day price chart. Source: Cointelegraph Bitcoin Price Index

Ethereum (ETH) is seeing fractionally more growth, up 2.3 percent on the day to trade at $223 at press time. After a steep price hit Sept. 29 to trade as low as $215, the leading altcoin recovered to push above $235 Sept. 30, before a period of depressed price performance in the days through Oct. 3.

Ethereum’s market cap is around $22.87 billion, sustaining a slight margin ahead of Ripple (XRP), which today has a market cap of $21.3 billion.

On the week, Ethereum’s losses are now at 2.25 percent; on the month, the altcoin is down around 21.5 percent.

Ethereum 7-day price chart

Ethereum 7-day price chart. Source: Cointelegraph Ethereum Price Index

Ripple (XRP) is up 1.3 percent to trade at $0.53. Earlier today, Cointelegraph reported that the Ripple-powered consumer payments app “MoneyTap” went live for Japanese users Oct. 3. The new product has been developed together with SBI Holdings, and is initially available for account holders at three major Japanese banks.

Ripple saw unprecedented growth in September, when it briefly outflanked Ethereum to claim the second spot ranking on CoinMarketCap listings. Today, however, Ripple’s weekly chart is almost one percent in the red. On the month, Ripple remains up an impressive 62.6 percent.

Ripple 7-day price chart

Ripple 7-day price chart. Source: Cointelegraph Ripple Price Index

The remaining top ten coins listed on CoinMarketCap are all in the green, capped within a 2.5 percent range. EOS (EOS) is up 1.8 percent to trade at $5.69, while Litecoin (LTC) is up 1.3 percent at $58.53. Other top ten coins are all seeing growth of under one percent.

In the context of the top twenty, 24-hour growth is more robust, with NEM (XEM) up a strong 4.5 percent on the day. Notwithstanding a dip yesterday, the token has seen strong price performance on its weekly chart.

NEM’s 7-day price chart

NEM’s 7-day price chart. Source: CoinMarketCap

Following a couple of days of sustained losses, Tezos (XTZ) is today up 1.4 percent to trade at $1.32. Tron (TRX) is seeing above-average growth, up 2.68 percent at $0.022.

Total market capitalization of all cryptocurrencies is around $218.7 billion as of press time, after seeing an intra-week low yesterday at $214.1 billion.

7-day chart of the total market capitalization of all cryptocurrencies

7-day chart of the total market capitalization of all cryptocurrencies from CoinMarketCap

As investors enjoy a welcome flush of green market-wide, there has similarly been bullish news for the blockchain industry. Technology research firm ReportLinker has suggested that blockchain technology in the U.S. manufacturing sector will grow significantly over the next five years, set to hit over $500 million by 2025.

According to this week’s Diar report, “traditional” venture capital (VC) investment in blockchain and crypto firms has almost tripled in the first three quarters of 2018, with blockchain and crypto-related firms sealing almost $3.9 billion in VC capital.

Source: Cointelegraph https://cointelegraph.com/

Recent Posts

  • Crystal Blockchain is expanding its sales team for H2 2022 – Yahoo Finance May 24, 2022
  • Blockchain in Healthcare Market Growth Prospect and Future Scenario by Key Players- IBM Corporation, Microsoft Corporation, Guardtime AS – The Daily Vale – The Daily Vale May 24, 2022
  • Project SEED to Shape the Future of Blockchain Gaming | Bitcoinist.com – Bitcoinist May 24, 2022
  • Can blockchain offer the solution to crowdfunding? – CryptoSlate May 24, 2022
  • Massive Growth of Blockchain in Genomic Data Management Market by 2029 | Amazon.com Inc, PayPal, Staples Inc – The Daily Vale – The Daily Vale May 24, 2022
  • Law Decoded: The long waves in the aftermath of UST’s crash, May 16-23 May 24, 2022
  • Coinbase offers 'thousands of tokens' in expanded swap service May 24, 2022
  • FTX reportedly shopping for brokerages in preparation for stock trading May 24, 2022
  • HIVE Blockchain Announces 5 to 1 Share Consolidation Effective at Market Open May 24, 2022 – Yahoo Finance May 24, 2022
  • Financial experts seek review of blockchain, fintech regulations – Punch Newspapers May 24, 2022
  • Accubits named among global blockchain solutions providers – BusinessLine May 24, 2022
  • IoT and Blockchain Market 2022 to Register Incredible Developments – IBM, Intel, The Linux Foundation, Microsoft, Ethereum Foundation, etc – The Daily Vale – The Daily Vale May 24, 2022
  • Blockchain Distributed Ledger Market Upcoming Trends, Segmented by Type, Application, End-User and Region -Chain, Microsoft Corporation, Eris Industries, IBM, Blockchain Tech, Accenture, Earthport, Deloitte, Intel, Digital Asset Holdings – The Daily Vale – The Daily Vale May 24, 2022
  • eBay drops first NFT collection to non-crypto mainstream buyers May 24, 2022
  • South Korean police request exchanges freeze LFG related funds May 24, 2022
  • Legion Network Launches Blockchain Super App – GlobeNewswire May 24, 2022
  • Core Ethereum developer details changes to expect after the Merge May 24, 2022
  • Blockchain In Automotive Market would Register a Healthy Growth of USD 49.93 billion by 2027 :IBM (US), Microsoft (US), Accenture (Ireland), carVertical (Estonia), Helbiz (US), Tech Mahindra (India), SHIFTMobility (US), BigchainDB (Germany) – The Daily V – The Daily Vale May 24, 2022
  • Blockchain Platforms Software Market Size 2022-2029| Key Players – IBM, Intel, Microsoft, Ethereum, Ripple – The Daily Vale – The Daily Vale May 24, 2022
  • Legal Issues Arise Where the U.S. Government Meets the Metaverse – The National Law Review May 23, 2022
  • LongHash Ventures Partners With Protocol Labs to Launch the Third LongHashX Accelerator Filecoin Cohort May 23, 2022
  • The blockchain tide is out – The Financial Express May 23, 2022
  • EDC Blockchain (EDC) What Does the Chart Say Monday? – InvestorsObserver May 23, 2022
  • PraSaga Announces Appointment of Senior Economic Advisor, Monetary Policy and Sponsorship of Chamber of Digital Commerce Blockchain Summit 2022 – PR Newswire May 23, 2022
  • Fed report finds most Americans who own crypto tend to be high income hodlers May 23, 2022
  • GBA & eZ-XPO host All-in-1 Hybrid Blockchain Expo Conference for Virtual Pitch, NFT, and Job Fair – EIN News May 23, 2022
  • WEF 2022: Bankers at WEF see the need for caution and speed on central bank digital currencies May 23, 2022
  • fUSD stablecoin launch and rumors of Cronje’s return send Fantom (FTM) price higher May 23, 2022
  • WEF 2022: Most DeFi protocols aren’t really decentralized, says European Parliament VP May 23, 2022
  • PTO’s Handling of Patent Eligibility for Blockchain Applications – JD Supra May 23, 2022

Ad

Ad

©2022 o3n [ozone] blockchain layer | WordPress Theme by Superbthemes.com