Market data as of 10:27am, 31 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.
Theta Token (THETA)
Price: $0.207024 to $0.284037 (▲37.20%)
Volume: $37,166,900 to $93,886,100 (▲152.60%)
Cap: $128,740,971 to $181,384,917 (▲40.89%)
THETA has almost doubled in valuation since its listing on Binance was announced on May 28. While most coins will undergo some form of dumping once listed, THETA has surprisingly been continuing to be bought up once it became available on the exchange.
This might signal that the market still views THETA as being undervalued. The Theta token platform is slated to be released in Q4 this year so the token may see a run up until then. However, it should be noted that THETA is currently at its all-time highs in terms of its Bitcoin comparative, so the potential for growth might be limited.
Price: $0.558110 to $0.623298 (▲11.68%)
Volume: $33,745,100 to $72,747,500 (▲115.57%)
Cap: $466,443,150 to $523,097,860 (▲12.14%)
Golem has been seeing good upward price action since the release of Golem Brass Beta on the Ethereum mainnet. The software focuses on CGI rendering and there are more developments to come that will incorporate machine learning as well.
Sentiment has been positive around the Golem project, with crypto influencer, John McAfee, even boldly predicting that GNT will reach $5 by the end of July.
These signs point to GNT being expected to do well in the coming period as trading volume is also picking up and there is upward momentum for the cryptocurrency.
Price: $0.007442 to $0.013109 (▲76.13%)
Volume: $5,851,550 to $27,035,200 (▲362.01%)
Cap: $56,943,944 to $101,821,631 (▲78.81%)
Storiqa has released a number of positive announcements the past few days. Other than several listing on exchanges such as Indodax and CoinBene, STQ also made an appearance in an article posted on NASDAQ (20 Cryptocurrencies to bet the house on).
Storiqa has been trading sideways for quite a while and only now is seeing a sharp increase in volume and price action. Despite the bullish signals, investors are cautioned against getting in on an digital asset after the price has already more than doubled over the course of a few days.
IoT Chain (ITC)
Price: $0.946293 to $1.14 (▲20.47%)
Volume: $3,957,320 to $5,965,150 (▲50.73%)
Cap: $46,392,479 to $56,171,916 (▲21.07%)
IoT Chain recently released their progress update on Medium, showing that they have completed the development of several key infrastructures and are soon to complete several others.
The team has also been active on social media, teasing an upcoming office video tour. Their founder and co-founder have also been actively answering key questions in their telegram channel, which allows investors to have more confidence.
ITC is still not seeing a large enough trading volume to confidently signal a bull run. However, the coin is trading at discount from its highs and it would not be a bad time to stack up on it if you like the project.
Price: $19.88 to $23.03 (▲15.84%)
Volume: $175,840 to $693,586 (▲294.44%)
Cap: $103,898,113 to $118,934,848 (▲14.47%)
Blocknet recently revealed their revolutionary blockchain router, XRouter, which bodes positively for cross-chain and blockchain interoperability in the near future.
It is difficult to predict how BLOCK will perform as the trading volume has been very low comparative to its market capitalisation. BLOCK has been on a very good run up over the past week, but the volume does not inspire confidence in price strength confirmation.
(Market data source: CoinMarketCap)