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It has become apparent the cryptocurrency markets are going through another rough period as of right now. With virtually all currencies in the red again, there is still no actual price bottom in sight. Surprisingly, the Tron price is making volatile moves in the other direction. It has shot up by 27% in the past 24 hours, even though no one can explain why that is the case.
Following major declines in global trading volume, cryptocurrency exchanges across the board have seen significant losses since the start of 2018. Coincidentally, the corresponding exchange tokens have also suffered. However, Binance Coin (BNB) looks poised to defy this trend with a great market response to a recent major announcement.
Earlier today, the Binance team published an article regarding a new, major innovation they are working toward: Binance Chain. Binance Chain represents the leading altcoin exchange’s answer to cost and scalability issues, as well as a viable upgrade to help maintain the exchange’s edge over its competitors.
Bitcoin’s popularity is soaring in South Africa where it is being viewed as a safe-haven from increasing political and economic uncertainty.
The issue of land reform in South Africa has become a source of concern following the election of new president Cyril Ramaphosa last month. It remains a highly-politicized topic along racial lines even after twenty years after apartheid ended.
Now Ramaphosa’s party, the ruling African National Congress (ANC), has vowed to change the constitution, allowing white-owned property to be taken without compensation and redistributed to blacks who do not own any farmland.
Even though all cryptocurrency markets are on wobbly legs right now, some altcoins make positive ways at the same time. The NEM price, for example, is going up pretty nicely, thanks to a solid 9.13% gain over the past 24 hours. It is evident the currency still has a long road of recovery ahead as we speak, but things are looking up.
Monero is riding high this week as the hype surrounding the soon-to-be forked MoneroV swells – but will it last?
In only the span of only a week, Monero (XMR) has seen its price surge by more than 33%. This time last week, Monero was trading under $ 275 per token. Now, one token costs $ 366 and is nearly at its all-time high in terms of its Bitcoin comparative.
Driving the price of Monero towards the moon is the impending hard fork of the privacy-focused cryptocurrency. On March 14, Monero will welcome a new member to its step-family – MoneroV.
