General Market Outlook
Buy Markets Percentage is nearing all time highs, and the overall market sentiment is very positive. Highs are very high on Altcoins, and the lows of today are infrequency and modest. There are some negative things happening in headlines, but the momentum of positive change and adoption by governments and major financial institutions is pushing the market forward. Historically May has been the month when Alt coins really begin to take off, and it looks like this could be happening again.
IOTA Released World’s First Smart Charging Station
The device was revealed in Arnhe, Netherlands this week. There is nothing especially unique to the charging station other than that is programmed with smart contracts through the IOTA token. It is an important step in the functionality of a futuristic, electric, self-driving grid. These autonomous vehicles will need to operate their own “wallets,” to track users’ fees and their own driving statistics. The charging station is not compatible with other cryptocurrencies.
Major Texas Investment Firm to Host Blockchain Conference
TEN Capital Group announced their annual technology conference will have blockchain technology at the heart in 2018. Emerge ICO Summit will take place this October in Austin, Texas bringing together blockchain solution companies with investors and business tools. It will focus on blockchain solutions projects seeking funding. If you are a speaker, sponsor or company looking to join the event, complete the short online form.
Huobi Setting up shop in NYC, SF and London
Huobi is one of the most well-established cryptocurrency exchange platforms. They were founded in Singapore, but established a headquarters in China. Exchanges need to develop working relationships with local government as regulations take shape – they are essentially crypto-banks. Huobi is currently building offices in New York and San Francisco as part of their global expansion. They recently sited London as the next stop, highlighting that their statistics show it to be the most active cryptocurrency trading hub in the EU.
Top 5 Gainers
XinFin Network (XDCE) +142.00% at $0.010514
GPU Coin (GPU) +%128.22 at $0.033652
Propy (PRO) +107.28% at $2.56
Switcheo (SWH) +102.18% at $0.064004
Hi Mutual Society (HMC) +86.76% at $0.040045
Top 5 Losers
WCOIN (WIN) -27.32% at $0.079495
Octoin Coin (OCC) -417.55% at $2.58
Playkey (PKT) -16.75% at $0.596990
Universal Currency (UNIT) -16.66% at $0.0491578
Guaranteed Ethurance Token (GETX) -16.08% at $0.027085
New Coins Listed
Ivykoin (IVY) listed to IDEX
Fidelium (FID) listed to IDEX
Lendingblock (LND) listed to IDEX
Morpheus Labs (MITx) listed to IDEX
Origami Network (ORI) listed to IDEX
Propy (PRO) listed to Bittrex
Fire Lotto (FLOT) listed to YoBit
Monetize Coin (MNZ) listed to YoBit
BY: BGN Editorial Staff