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October 16, 2018

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Crypto Market Update (04 June 2018)

General Market Outlook

 

The mild reversal from last week seems to be holding steady, as Bitcoin, Ethereum and many altcoins are showing consolidation in the past 24 hours, and trading volume continues to climb. DigixDAO is them big standout of the top 100 coins up almost 20% in the past 24 hours. Bitcoin right around $7,500 for -3% and Ethereum is nearing $590 for -5%. Market cap for the overall cryptocurrency market was as high as $355 billion in the past 24 hours, but now sits at around $335 billion. Some investors are calling this recent charge a “bull trap” that will set up the market for another downtrend.

 

Major Headlines

 

John McAfee Running for President 2020 & releasing currency

 

John McAfee gained his initial fame and fortune as founder of the widely used antivirus software McAfee. Since then he has become an outspoken cryptocurrency proponent. Several of his tweets have made headlines, such as calling for a BTC price of $500,000 by 2020. Last week he tweeted that he will be releasing a cryptocurrency with associated smart bills. Some of this bills have his own picture on them. Most recently he has announced that he will run for president in 2020. In 2016 he was beat out by Gary Johnson to represent the Libertarian party, but now says that he will create his own party to run if he has to, in order to support the crypto community.

 

Grocery shop with cryptocurrency-friendly app Coin Grocer

 

An anonymous team launched a beta version of an e-commerce website grocery store that accepts cryptocurrencies. The website lists more than 21,000 healthy and organically grown groceries and allows Bitcoin, Litecoin, Ethereum and Monero payments at this time, as well as standard credit card purchases. However the team has stated that they want to completely remove credit card payments in the future, while increasing the number of altcoins accepted. The site partnered with GloBee to make the crypto-payments a reality. The service is only available to the 48 Continental United States right now.

 

Entire Australian town converts to cryptocurrency

 

Australia’s largest airport began accepting cryptocurrencies for goods and services recently. Brisbane’s International Airport partnered with TravelbyBit to make the overhaul for travelers may use Bitcoin, Dash, and Ethereum. The change has quickly inspired more change. A local real estate agent started presenting the idea of accepting cryptocurrencies to local businesses in order to bring more tourism. “We started from the ground up, shared it with a couple of businesses and they were straight on board … I guess they were international travellers themselves and had heard of these types of payments,” and now the total businesses involved has reached 31. Using cryptocurrencies for international travel is especially useful to avoid exchanging local currencies, as well as the fact that it is digital and can’t be stolen from you.

 

 

Top 5 Gainers

 

X-Coin (XCO) +73.46% at $0.058919

Powercoin (PWR) +41.40% at $0.000005

NoLimitCoin (NLC2) +37.18% at $0.086591

Quark (QRK) +29.29% at $0.018920

Rhenium (XRH) +21.81% at $0.092653

 

 

Top 5 Losers

 

Fujinto (NTO) -51.16% at $0.001507

Fitrova (FRV) -41.28% at $0.000129

Peculium (PCL) -27.94% at $0.004341

Authorship (ATS) -25.41% at $0.018772

EXRNchain (EXRN) -25.35% at $0.000099

 

 

New Coins Listed

 

Lisk (LSK) listed to Huobi Pro

QuarkChain (QKC) listed to Binance, KuKoin, IDEX

0x (ZRX) listed to IDEX

BitRewards (BIT) listed to IDEX

Distributed Credit Chain (DCC) listed to IDEX

Tourist Token (TOTO) listed to IDEX

 

 

 

 

By: BGN Editorial Staff

 

 

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