Market data as of 10:24, 18 May 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.
Price: 0.378527 to 0.427114 (▲12.84%)
Volume: 2,143,290 to 29,477,800 (▲12.75%)
Cap: 202,044,223 to 227,998,626 (▲12.85%)
Cryptocurrency enthusiasts are actively searching for currencies that provide solutions to real world problems. The coin is used on the Syscoin (SYS) marketplace to support buying and selling of goods and services and trading of other coins. Users are able to deal directly with consumers with no restrictions of products.
While the surge might also be due to the recent listing of the coin on Australian exchange Coinspot, the news was not announced by Syscoin. Hence, majority of the coins volume is done through exchanges including Binance, Bittrex and Upbit instead.
Price: 0.045121 to 0.050055 (▲10.94%)
Volume: 3,219,120 to 15,032,400 (▲366.97%)
Cap: 219,224,915 to 243,198,487 (▲10.94%)
FunFair has attended numerous summits for exposure of their blockchain technology, including G2E Asia global gaming expo and Consensus 2018 this week.
Price: 191.44 to 204.47 (▲6.81%)
Volume: 3,165,720 to 12,869,300 (▲306.52%)
Cap: 382,870,000 to 408,938,000 (▲6.81%)
There has been a misconception that DGD is backed by gold which provides more stability than others. With the cryptocurrency market becoming more bearish, investors are buying the coin while the others are falling continually.
There is a constant pattern of DGD performing well when the market is falling.
Price: 50.26 to 54.10 (▲7.64%)
Volume: 6,645,950 to 47,821,000 (▲619.55%)
Cap: 552,904,000 to 595,067,000 (▲7.63%)
Augur announced yesterday on Medium the details of their new smart contracts launch, causing the popularity of the coin overnight. The contracts will reportedly be deployed to the main Ethereum network on 9 July.
As the outlook on the cryptocurrency market remains generally pessimistic now, the coin will be expected to fall slightly with the bearish market.
Price: 0.044884 to 0.046856 (▲4.39%)
Volume: 42,770,000 to 57,640,600 (▲34.77%)
Cap: 185,371,658 to 193,515,996 (▲4.39%)
Bittrex recently announced the new listing of Storm tokens on its exchange platform, where trading of the tokens will be made available soon. This encourages the expansion of the Storm network with greater exposure.
Storm is expected to see a bullish growth in the future.
Huobi Token (HT)
Price: 4.21 to 4.50 (▲6.89%)
Volume: 98,698,100 to 143,849,000 (▲45.75%)
Cap: 210,430,341 to 225,012,400 (▲6.93%)
Subsidiary of Huobi China Huobi Labs is reportedly setting up a 1 billion USD blockchain fund in China to focus the South Korean cryptocurrency exchange’s attention and resources on the Chinese market. Huobi will also be partnering with Tianya Community Network Technology, one of the most popular social networking platforms in China, posing for more exposure.
Huobi also has been hosting livestream series, Huobi Talk. During the session on 16 May, the topic focused on digital advertising in blockchain, inciting interest from many advertisers. The continuous series has also posed greater exposure for their platform, especially with the official launch of DATx listing on Huobi Korea today.
Unfortunately, the surge in popularity is only temporary, and is predicted to fall along with the bearish market when the novelty from the news has worn down.
(Market data source: CoinMarketCap)