Top five Crypto Performers: Litecoin, Binance Coin, Ripple, Bitcoin, Tron
The whole market capitalization of cryptocurrrencies has come scaringly near to break down below the $100 billion during mid December. But now it is moving towards $300 million. As sentiments are fluctuating with time so it is leaving its effect in the market. Now company is all set to launch libra association founding members and the test net of its blockchain on June 18.
Along with Facebook’s crypto project, the markets are also eagerly awaiting the launch of TON, the blockchain platform being developed by messaging app Telegram. As Bakkt Having announced a date for the bitcoin futures testing in June, hopes are at height that the platforms will also soon start operations. Unless these events fail to live up to expectations, a sharp fall is unlikely.
Neo (NEO) co-founder Da Hongfei had currently announced a new $100 million EcoBoost fund that aims to offer support for the various projects at different stages of the growth for building up the NEO ecosystem. The NEO/USD pair has not shown nay fireworks in its rise from the bottom. After every tiny upwards move, it enters into consolidation before rising again. This seems like an accumulation by the stringer hands. Although the cost has sustained above 20- week EMA for the past three weeks and the RSI has rallied into the positive territory which shows that bulls are in command.
Litecoin (LTC) is benefitting the positive sentiment in the crypto space, and the forthcoming halving has added to the bullishness. A series of tweets by OKEx pointing to some kind of an announcement regarding Litecoin has also heightened interests. Our bullish view will be invalidated if the cryptocurrency fails to sustain the breakout and dips below the support of $91 once again. The support levels to watch on the downside are $84.3439, $74.6054 and below it to $60.1980.
Two miners who control about 43% of the bitcoin cash (BCH) mining pool, BTC.top and BTC.com, joined hands this week and executed a 51 % attack to stop an unknown miner from taking coins that were accidentally sent to ‘anyone can spend’ addresses. In such situations the attackers did not carry out the 51% attack for their own benefit but still some believe that it shows that the cryptocurrency is too centralized.
Binance’s token scale platform launched successfully completed the sale of Matic Network (MATIC) tokens through its new lottery system. About 58.38% of the applicants benefited from the lottery. It has launched its much awaited exchange in Singapore, where it initially plans to offer bitcoin trading using Singapore dollars. Binance coin (BNB) is still holding out close to its lifetime highs.
Ripple block chain has the fastest growing DApp user base with over 3 million active users. A tron-based version of stable coin Tether (USDT) is about to be launched which is being viewed as a major win for the Networks. Though ethereum is a competitor, ton founder and CEO believes that Ripple will ‘officially collaborate’ with Etheerum as soon as this year.
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