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Nearly all cryptocurrencies remain in the red for the time being. That is an unfortunate development, although the momentum will turn around eventually. One currency struggling quite a bit is TRON, as the altcoin is not finding any stable ground lately. The most recent push to surpass $ 0.023 was pushed down in violent fashion, and a new attempt might not materialize soon.
The past 24 hours have not resulted in any positive price momentum for Tezos. Despite overcoming a lot of challenges throughout the months, it is evident speculators and traders are still not too certain of what they can expect. This latest 5% dip shows things are not looking too hot, although the developments behind the scenes can change this situation fairly soon.
Despite most cryptocurrency still stuck in the dirt right now, it appears things will turn around at some point in the near future. The XRP price is an exciting example in this regard, as it notes a small gain while Bitcoin is still down by 7% and more. A wave of fresh news will push the value of this asset even higher in the coming weeks.
All cryptocurrencies are on the verge of noting some interesting gains over the next hours and days. The Bitcoin momentum remains firmly in place, yet it is the Monero price which is getting everyone’s attention as of right now. A very strong increase has pushed its value above $ 138 again, particularly when looking at some of the recent ecosystem developments.
Mondays are usually an interesting indicator for cryptocurrency prices throughout the rest of the week. The TRON price is still struggling to recover some losses, albeit the recent positive news should help in this process once speculators begin to take notice. When that will happen exactly, remains to be determined.
The overall TRON price momentum may not look too impressive to most people. It has regained some of yesterday’s losses, although overcoming the entire deficit has proven to be a struggle. Not abnormal, as there is still a 3.09% decrease in USD value over the past 24 hours. Overcoming this big deficit will take a few more hours, at the least.
Bitcoin Cash proponents are celebrating the year anniversary of ‘Bitcoin Independence Day’ on August 1st and now into the weekend. Over the past week, quite a few bitcoiners have noticed there’s been a lot of developments, announcements, and commemorative parties within the BCH space.
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The high growth rates seen in the crypto space over the first half of 2018 have been exceeded in June, a month that saw a spike and tremendous rise in investor interest towards ICO that could offer real potential value to investors. DECOIN—an emerging blockchain-based trading and exchange platform offering redistributed revenues to coin holders—has successfully reached its soft cap fundraising goal.
This week, the decentralized cryptocurrency Bitcoin Cash has seen some market gains and there’s also been a slew of new announcements and development over the past couple of weeks. Currently, the price per BCH is around $ 1,120 after dropping below the $ 1K range the week prior. Moreover, since the fork this past May the BCH-ecosystem has seen all types of application development and community projects launched with a new announcement nearly every day.
Also Read: IMF Says Bitcoin Could Create Less Demand for Regular Debt-based Fiat Money
Decentralized exchanges promise a world in which cryptocurrency can be traded without a centralized middlemen. Nevertheless, the majority of cryptocurrency currently trades on centralized exchanges that have amassed large network effects, offer large amounts of liquidity and have an easy-to-follow user experience. Recently, exchanges Binance and Kyber Network released news of progress toward the future of decentralized exchanges: Binance announced the launch of a decentralized exchange, and Kyber Network made their decentralized exchange beta available to the general public.
This past week marked a few important events. It began with the release of Bitcoin Core 0.16; marked the first instance of a sovereign nation announcing that it would use and accept a cryptocurrency as legal tender; and included the launch of a new accelerator from “China’s eBay,” JD.com, to assist companies that promise to have transformative technology in the blockchain space.
We also examined the appeal of cryptocurrencies to millennials and launched our cover story for the month of March covering the complicated role of patents in the Bitcoin industry and the new Bitcoin Defensive Patent License.
