Market data as of 10:25am, 25 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.
Bitcoin Private (BTCP)
Price: $19.26 to $25.54 (▲32.62%)
Volume: $987,680 to $2,057,160 (▲108.28%)
Cap: $389,935,627 to $522,036,510 (▲33.87%)
John McAfee has actively been talking about leading a crypto privacy movement, centered around BTCP on Twitter. McAfee, the founder of the first commercial antivirus software, has a name synonymous with security. Because of that, the news sparks huge interest in the privacy coin, which co-forked from Bitcoin and ZClassic.
McAfee has also been very active in the crypto community, being a loud advocate of many different digital assets. He recently revealed that he charges a whopping $105,000 for a promotional tweet on a coin, considering his massive following.
For investors that are interested in privacy coins, BTCP is one that has the potential to grow, especially now that McAfee has drawn great attention to it.
Price: $11.23 to $12.51 (▲11.36%)
Volume: $1,608,650,000 to $2,166,070,000 (▲34.65%)
Cap: $9,777,570,877 to $10,972,128,622 (▲12.21%)
EOS has an upcoming main net launch in June so buyers are probably taking the last few down days in the market as an opportunity to get in on the project. The cryptocurrency had a crazy run up since April and excitement around the platform project is still buzzing.
Investors who like the project are able to get in at a nice discount from the highs right now. However, it should be noted that EOS has already had a great run up and it is not clear how much more room for growth it has.
Price: $0.000187 to $0.000208 (▲11.08%)
Volume: $909,104 to $795,102 (▼12.54%)
Cap: $142,128,951 to $157,144,293 (▲10.56%)
The Kin team recently shared some statistics and results from the Kinit Beta App which they released a couple of months back. In the app, their users can do one task per day and be rewarded with some Kin. According to their Medium post, “within 4 days/tasks, users can accumulate enough Kin to spend on an Amazon gift card.” This shows a great use case of their app.
The post also detailed that their app has a very high retention rate and 49% of their users spent their Kin on at least one gift card. These numbers appear very promising for believers in the project.
KIN is currently still trading much lower than it’s highs, where the price was almost 10x what it is now.
Price: $734.36 to $813.97 (▲10.84%)
Volume: $820,484 to $302,509 (▼63.14%)
Cap: $312,728,157 to $347,469,930 (▲11.10%)
There hasn’t been much buzz around Mixin and we can see that in the falling trading volume. Thus, the price increase might not be indicative of any trend. Mixin is also only available on BigONExchange currently, so it is not highly liquid at this point.
Price: $0.396889 to $0.435269 (▲9.67%)
Volume: $3,481,060 to $4,402,450 (▲26.46%)
Cap: $180,234,428 to $196,982,036 (▲9.29%)
We recently covered MAID when their price hiked due to the team alluding to a major announcement that would be bigger than their Alpha 3 network. The word is officially out.
The MaidSafe team just announced that they will be releasing a new consensus mechanism, called Parsec which stands for Protocol for Asynchronous, Reliable, Secure and Efficient Consensus. The team claims that the new consensus mechanism will be better than previous consensus methods such as Proof of Work.
The announcement is refreshing and exciting for the project and draws a lot of attention to the project. More developments are to come as the team prepares to launch their Alpha 3 network as well. MAID is expected to continue to have a growing interest from the blockchain community as we watch their developments unfold.
(Market data source: CoinMarketCap)