Market data as of 10:35am, 30 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: $0.005157 to $0.006767 (▲31.21%)
Volume: $14,570,800 to $52,637,500 (▲261.25%)
Cap: $944,329,110 to $1,244,305,975 (▲31.76%)
The cryptocurrency market is looking green across the board, but it is unclear why Bytecoin is sitting at the top of the gainers list today as there has not been any fundamental news that would drive the price action.
In fact, recent findings have found that Bytecoin is one of the coins that could be prone to a 51% attack. A 51% attack refers to a situation when a miner or miners with over 50% of the processing power of the blockchain assume majority control of the network. If such a scenario occurs, those who control the network are able to manipulate the transactions to their benefit.
Investors should be wary of buying into BCN after it has already seen such a stark increase in price.
Price: $1.06 to $1.34 (▲26.48%)
Volume: $18,425,200 to $42,912,500 (▲132.90%)
Cap: $570,828,000 to $709,545,013 (▲24.30%)
We recently covered 0x and the good news surrounding the project. For those who forgot, Coinbase recently acquired the 0x-based decentralized exchange, Paradex.
The past few days of many players losing valuation in the market provided a good buy opportunity for people who like the 0x project. ZRX should do well as there are many developments that are being built on their platform.
Price: $2.23 to $2.77 (▲23.71%)
Volume: $42,729,100 to $75,542,500 (▲76.79%)
Cap: $863,599,481 to $1,073,517,595 (▲24.30%)
The South Korean National Assembly has made an official recommendation to allow domestic Initial Coin Offering (ICOs) in the country. Previously, there was a blanket ban on all ICOs within the country.
This serves as great news for ICON as they are launching their very own token launch platform, ICONest. There has also been a very comprehensive article recently released by Blockhack Research about the ICON project, which would bring more attention and spread knowledge about the project.
ICX price is expected to continue to do well as they have several developments in the making such as ICONest. The coin has also gotten a pullback from its highs and investors are able to get ICX at a discount.
Price: $0.006149 to $0.007552 (▲22.81)
Volume: $1,403,750 to $3,604,770 (▲156.79%)
Cap: $65,676,498 to $80,166,390 (▲22.06%)
A few days ago, DENT announced that they have just crossed the 300,000 users milestone for their mobile app. The popularity and usage of the DENT app has been rising at an accelerating rate, proving the use case of the cryptocurrency.
DENT is another coin that has a decent real-world use case that is trading a substantial discount from its highs. As their app continues to have increasing usage, expect to see DENT performing well.
Price: $0.012948 to $0.016094 (▲24.29%)
Volume: $15,494,200 to $43,987,700 (▲183.89%)
Cap: $26,120,200 to $32,187,800 (▲23.22%)
Odyssey just announced within the last 24 hours that OCN will be listed on 2 of the top cryptocurrency exchanges, Bittrex and Upbit. The news of the listing has resulted in a nice return for holders of the token.
Other than the listing announcements, the Odyssey team also held a live stream session just yesterday, where the leaders of their technical team were introduced and they talked about upcoming exciting developments in OCN Chain as well as OCPay.
OCN is trading at a much lower price than its highs after a recent run up in April. The project has a few developments in the works that could result in another spike in the price on release. Believers in the sharing economy project are able to get in quite cheaply currently.
(Market data source: CoinMarketCap)