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Crypto Market Update (21 December 2018)

December 21, 2018


General Market Outlook


The market has finally slowed down after several days of strong upward movement. Most coins are now consolidating, and showing small percentage decreases from their recent highs. Trading volume rose to nearly $29 billion in 24 hours, but has now slowed somewhat to $23 billion. Buggyra Coin (BCZERO) and IOST (IOST) are the major stand outs of the top 100 coins by market cap - up over 53% and 18% respectively in the past 24 hours. The value of Bitcoin (BTC) is just under $4,000 for -4.0% and a total market dominance of 53.5%, and the value of Ethereum (ETH) is right at $110 for -4.0?% change in the past 24 hours.



Major Headlines


Crypto Education - Coinbase Earn


Education programs around the world are beginning to incorporate blockchain technology or cryptocurrency related courses, but Coinbase is now bringing this right to your smartphone. As one of the world's leading cryptocurrency exchanges, they are working for the interest of all parties to increase public awareness and raise the bar on cryptocurrency knowledge. They have no launched an educational project that allows users earn cryptocurrency while learning about the subject. Coinbase Earn will focus on education of 0x (ZRX initially. The hope “is for users to understand more about an asset’s utility and its underlying technology, while getting a bit of the asset to try out.” They hope to partner with some of their other tokens in the future to maintain a focused nature for their platform.


Irish Red-Cross Utilizing Blockchain


The Red Cross division in Ireland is exploring the potential of blockchain technology through a new partnership with a local start up. TraceDonate is looking to clean up and increase the transparency of charitable donations. This is nothing new for the blockchain industry, but the concept has not reached it full potential yet. Initially the hope is just to shed light on the process of individuals’ donations with live data on the transaction and result. In time, the platform could lead to helping develop solutions for a wider range of entitlements, including welfare, remittances, donations and healthcare.


CoinVantage Joins Picks and Shovels


As the cryptocurrency and blockchain technology industry grows, competition for every niche has grown proportionally. Thousands of startups have opened and closed for the past several years, but now those who have lasted are looking for new ways to keep growing. The former subsidiary of accounting firm MG Stover CoinVantage will join Picks & Shovels under the new name “Interchange” to develop a stronger initiative for their business. Picks and Shovels providers of tools for cryptocurrency investors. They currently have over 100 clients, which includes fund administrators, hedge funds and digital exchanges. “I think there will be a general theme around making participation in this asset class easier for institutions. Portfolio accounting and reporting is a necessary function no matter the state of the market.” -  Picks & Shovels co-founder and CEO Matt Galligan



Top 5 Gainers


Octoin Coin (OCC) +99.32% at $0.311128

RealTract (RET) +90.12% at $0.000193

Penta (PNT) +50.31% at $0.000635

Cruisebit (CRBT) +41.50% at $0.027765

Peculium (PCL) +39.43% at $0.002087



Top 5 Losers


Twinkle (TKT) -75.84% at $0.000960

TrueDeck (TDP) -50.58% at $0.261566

Starcoin (KST) -44.04% at $0.004347

Content and AD Network (CAN) -35.29% at $0.001216

Electra (ECA) -29.01% at $0.000175


New Coins Listed


Komodo (KMD) listed to Kaiserex

Circle USD (USDC) listed to Alpha Wallet, ChangeNow, Loopring, Salt Platform and XinFin

ShowHand (HAND) listed to Nucex




By: BGN Editorial Staff

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