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Crypto Market Update (20 June 2018)

June 20, 2018

 

General Market Outlook

 

The market continues to consolidate, but has more altcoins with higher growth (3% to 7%) today than yesterday. Most altcoins are slightly up, and trading volume continues to climb. IOST (IOST) is the biggest standout of the top 100 coins - up about +12% in the past 24 hours. MOAC (MOAC) is rising as well - up about 10% in the past 24 hours. Bitcoin is right around $6,800 for roughly no change and Ethereum is right at $535 for roughly no change as well in the past 24 hours. Market cap for the overall cryptocurrency market is still sitting right around $290 billion total.

 

 

Major Headlines

 

Roman Mansion Available at Auction for Bitcoin

 

Paris Hilton’s father is selling a $38 million dollar Palazzetto mansion by auction where cryptocurrency is accepted. Richard Hilton partnered with international real-estate crypto platform Propy to host the event. Propy provides services for listing properties, facilitating payments and integrates blockchain data reliability for title transfers. The auction will take place on June 28. Bidders must create an account on Propy, and are allowed to bid in either US dollars or cryptocurrency. Richard Hilton is no novice in the crypto-space though. He is a senior advisor to a hospitality business solutions platform called AQUA Intelligence.

 

Circle Invest crypto-line up will grow organically

 

Circle Pay has been making moves to integrate cryptocurrencies by buying Poloniex and creating Circle Invest. Currently Circle Invest offers Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Zcash and Monero. But they just turned out the details in their blog about how they will be choosing which cryptocurrencies to add to their platform - and it won’t be payments. The release specifically states that they will not accept any payment for being added to their services. The four main components of how they will decide are: 1. Trusting in security of the tokens. 2. Maintaining neutrality to the market as a whole. 3. Defaulting to open, public protocols. 4. Embracing rational market assessments.

 

300% more Dogecoin transactions than Bitcoin Cash

 

DOGE transactions were processed several times more frequently than BCH on June 15th than Roger Ver supported Bitcoin Cash. Bitcoin Cash is touted by supporters as the “real Bitcoin,” yet no one seems to be using it. Dogecoin has a dubious, satirical birth, but continues to be in the mix. Back in January, Dogecoin earned a “C” Weiss rating, whereas Bitcoin Cash received only a “C-”. The highest ratings were Ethereum and EOS at “B”. Of course, by market cap DOGE is around $340 million, with BCH at almost $15 billion. But this is inevitable, as BCH was a Bitcoin fork created in 2017 when Bitcoin was near an all time high. Dogecoin was created by back in 2013 when Bitcoin’s price was around $100.

 

 

Top 5 Gainers

 

Fantomcoin (FCN) +170.08% at $0.256573

FuturXe (FXE) +67.66% at $0.000135

Runners (RUNNERS) +66.81% at $0.000338

1World (1WO) +56.53% at $0.121648

PikcioChain (PKC) +35.19% at $0.216331

 

 

Top 5 Losers

 

MIRQ (MRQ) -66.11% at $0.055366

Fargocoin (FRGC) -52.59% at $0.993405

LIFE (LIFE) -32.28% at $0.000137

Penta (PNT) -24.24% at $0.016611

StarCoin (KST) -24.22% at $0.009038

 

 

New Coins Listed

 

CashBet (CBC) listed to KuCoin

Zcoin (XZC) listed to Koinex

DeepOnion (ONION) listed to RightBTC

PundiX (NPXS) listed to Tidex

 

 

 

 

By: BGN Editorial Staff

 

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