The past weekend has not disrupted the cryptocurrency markets all that much. Not entirely surprising, as there is no reason for the markets to lose or gain any real value after positive days last week. Even so, it appears most cryptocurrencies will see positive momentum later today. The XRP price is holding its own at $ 0.45 so far.
It has been a rather interesting 24-hour period for most cryptocurrencies on the market today. Interestingly enough, most people tend to overlook the Monero price in this regard. While it may not be in the top 10 any longer, it is evident the 24-hour gains should not be overlooked by any means.
Monero Price Surge is Surprising
For one of the top cryptocurrencies with perhaps the lowest trading volume of the top 15, the Monero price is doing surprisingly well. Although this gain is mainly materializing thanks to the rise in Bitcoin’s value, it would appear this anonymity-oriented altcoin is in high demand as of right now. Whether or not that is due to its rising popularity on the darknet, remains to be seen.
It is rather uncommon to see all of the cryptocurrencies in the green on a Sunday morning. If history has taught us anything, it is how this momentum will not last all that long. Even so, the VeChain price is on the road to reaching $ 4 once again, thanks to some solid overnight momentum.
VeChain Price Surge Remains Firm
As is the case with all other cryptocurrencies, the momentum is slowly turning in favor of VeChain once again. After a rather rough month filled with continual VeChain price declines, it seems an uptrend is forming over the past few days. As such, the value of this altcoin has risen from $ 3.18 all the way to $ 3.97 again over the past week.
Bitmain, the largest of the Bitcoin mining operations, is putting its muscle behind mobile payments and cryptocurrency trading firm Circle by leading a $ 110 million Series E round of funding, the companies announced on Tuesday, March 15, 2018, at Consensus in New York City.
Several other venture capital firms, including Breyer Capital, General Catalyst and Accel, joined the round, which now pushes the value of Boston-based Circle to $ 3 billion, from a reported $ 480 million in 2016, according to a statement by Circle.
Bittrex, a U.S.-based cryptocurrency exchange, has issued a trading pair between tether (USDT) and TrueUSD (TUSD), two stable tokens pegged to the U.S. dollar. While tether is issued by Tether, TrueUSD is issued by TrustToken.
Unlike other cryptocurrencies, stable tokens are pegged to the value of traditional money. In this case, tether and TrueUSD are both pegged to the U.S. dollar, so that one token is worth one dollar.
Story – Tether Hacked for m
Tether is a cryptocurrency built on the Omni protocol.
The Omni protocol is a toolbox that allows you to create new tokens on the Bitcoin blockchain. The benefit being that you inherit all the security and compatibility of the Bitcoin network.
Tether is designed to be a price stable coin, meaning 1 USDT should always be worth 1 US dollar.
That is achieved by the Tether Corporation keeping a minimum of 1 US dollar in their bank account for every 1 USDT that they issue. Simple idea right.
**On today’s episode of The Cryptoverse Market Roundup:**
Biggest winner: OmiseGo
Biggest loser: Ripple
Most traded: NEO
Honorable mention: NEM
Crazy Coin: ReddCoin
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