The crypto market was not one of those moods to reach for the stars today. It has climbed in the last 24 hours, but not with any real urgency. Except, that is, for Electroneum.
The mobile-based cryptocurrency has just stopped accumulating value, apart from one brief dip when the whole market collapsed. In the last 24 hours, at 3pm EST, it added another 40.33% to its value. It has been one of the stars of the crypto market for the past week. Who knew ETN stood for Eternally Trading Nicely?
Electroneum: Market Cap Grows 300%
In the last six days, it has gone from a market cap of $ 53.1 million on the 21st Sept to $ 170 million today. We have been able to hold this value, and even build on it.
The instant notifications system that drives instant payments systems, or the simple buoyancy of the digital currency, is winning over the crowds. A crando market.
By the way, do supernovae erupt? Explode? Astrophysicists, please leave the answer in the comments.
Is Eternal XET Pump And Dump?
The Eternal XET token racked up another 26% increase in the last 24 hours and we're still sort of convinced it's a pump-and-dump. I join in that particular feeding frenzy at your peril.
GXChain has gained momentum in terms of its public profile for the blockchain technology that is aimed at mining big data more efficiently to change tomorrow's world. The public blockchain also intends to make it simpler for developers to create their own dApps.
It has been clawed its way back in the last few days and in the last 24 hours en enjoyed an 18.57% boost in its coin price.
The new market cap of $ 92.47 million reflects GXChain's actual standing right now, and CoinMarketCap has it ranked 70th. If the blockchain technology starts, it could be said to signal the start of a much brighter future for the GXChain GXS.
Bitcoin Cash Reaps Rewards of Bitmain IPO
Bitcoin 's Cash has another solid day after its price spiked in response to the news of Bitmain' s IPO. The fork of Bitcoin finished 24 hours a solid 9.12% up, but it was outshone by Bitcoin Gold that managed to add 11.80% to its sticker price.
A bit of money, but a market cap of $ 458.66 million is not to be sniffed at.
Litecoin had a good day at the races, finishing the last 24 hours 7.53% up with a market cap of $ 3.7 billion. Litecoin is another Bitcoin fork that has been for better or worse.
Today, Bitcoin took a dive and Litecoin went up, which is either a bad sign for tomorrow or a litecoin finally coming of age. It does have the potential to drive the Lightning Network and take over from Bitcoin. Let's see if that potential is really enough.
Another Name Keeps Cropping Up …
Cardano has kept plugging out this week and added another 4.79% over the past 24 hours. Cardano ADA is actually a month ago and it did collapse with the market, but the past week has seen a fightback and the market cap of $ 2.2 billion is no joke. It was $ 2.8 billion, but that seems like a long time ago right now.
Elsewhere Kucoin Shares can have its moment in the sun after ending the last 24 hours 8.11% up. A market cap of $ 114.8 million and a trading volume around $ 278,000 means it will probably not be the big guns of cryptocurrency for a while yet.
Stellar Gets Its Groove Back?
Stellar, which is up 4.11% and seems to be bucking the trend of its nearest and dearest. There has been speculation that it will be enjoyed by the same stratospheric as XRP has been over the past week, on this very site. Only time will have the definitive answer for that one.
Speaking of the big guns, they all took a dive today, technically. Bitcoin, Ethereum and XRP finished in the red, but it was by fractions of a percent. XRP finished the day 0.03% and the worst was Bitcoin with 0.18% in the L column, so basically the day was a wash.
The whole market is with minor wins and losses. Overall the market came out ahead, but it was not by much. We're starting to hear a lot of bullish talks about this being the proper bottom of the market, so I guess
The author is not currently invested in any digital currency.