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Billion Dollar Cryptocurrencies: 18 Coins Now Part of the Exclusive Club

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The market for billion-dollar cryptocurrencies got bigger over the weekend, as investor appetite continued to spread beyond the preeminent bitcoin.

Exclusive Club

At the time of writing, there were 18 cryptocurrencies with a market capitalization of at least $1 billion, according to CoinMarketCap. The recent additions include EOS, Stellar Lumens, Lisk, BitConnect and OmiseGo – lesser known coins that are finding greater utility among investors and businesses. Nine additional altcoins are valued at half a billion or more, including Qtum, Zcash and Tether.

The altcoin surge took a while to materialize, as digital currencies not named bitcoin struggled to gain momentum last month. Bitcoin continues to control the market with a capitalization of nearly $200 billion. The global market cap for all cryptocurrencies is $357 billion, giving bitcoin roughly 56% market share.

Altcoin Surge

There are currently more than 1,200 cryptocurrencies in existence. Although the vast majority are expected to go bust, that still leaves a large universe of high-quality assets.

Digital currency IOTA recently caught a tailwind higher after announcing a strategic partnership with Microsoft around its IOT marketplace. Meanwhile, Dash has tripled in value over the past month thanks to a high-profile block upgrade and favorable reviews from market participants in search of a more scalable bitcoin.  Although Dash may be lesser known than bitcoin, it is significantly faster, cheaper and has optional privacy features. Investors have quickly taken notice.

OmiseGo is also surging after the platform announced a major partnership with McDonald’s. The decentralized exchange has quietly become one of Asia’s most promising platforms, warranting a billion-dollar market cap.

Stellar Lumens is booming on optimism that it could soon join Ethereum as the next major ICO platform.  Last month, Smartlands became the first ICO to launch on the Stellar platform. Recent industry activity suggests more token raises will migrate to Stellar in the near term.

At the top of the altcoin list, Ethereum, Ripple and bitcoin cash continue to generate strong bids. Ethereum’s native token recently surpassed $500 for the first time, while bitcoin cash has benefited from last month’s failed Segwit2x fork attempt.

With bitcoin prices surging through the stratosphere, there’s little evidence to suggest the altcoin surge will slow anytime soon. Bitcoin’s rally could extend further into record territory in coming weeks as CBOE and CME Group launch their futures contracts.

Billion Dollar Cryptocurrencies: Full List

  1. Bitcoin: $199.7 billion
  2. Ethereum: $44.8 billion
  3. Bitcoin Cash: $25.8 billion
  4. IOTA: $9.7 billion
  5. Ripple XRP: $9.6 billion
  6. Dash: $5.9 billion
  7. Litecoin: $5.6 billion
  8. Bitcoin Gold: $5.2 billion
  9. Monero: $3.8 billion
  10. Cardano: $3.4 billion
  11. Ethereum Classic: $3 billion
  12. NEM: $2.7 billion
  13. NEO: $2.6 billion
  14. EOS: $2.2 billion
  15. Stellar Lumens: $2.1 billion
  16. Lisk: $1.1 billion
  17. BitConnect: $1.1 billion
  18. OmiseGo: $1 billion

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock. 

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.6 stars on average, based on 704 rated postsSam Bourgi is Chief Editor to Hacked.com, where he leads content development for one of the world's foremost cryptocurrency resources. Over the past eight years Sam has authored more than 10,000 articles and over 40 whitepapers in the fields of labor market economics, emerging technologies, cryptocurrency and traditional finance. Sam's work has been featured in and cited by some of the world's leading newscasts, including Barron's, CBOE and Forbes. Contact: sam@hacked.com Twitter: @hsbourgi




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Tron Price Analysis: TRX/USD Shoots to the North; Bulls Must Breakdown Double Top Formation

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  • TRX/USD has gained over 30% over the past 5 sessions.
  • The price is enjoying its longest daily gain streak since the back-end of August.
  • Another milestone achieved by the Tron network, as the mainnet surpasses 900,000 accounts.

Tron’s TRX, like the rest of the market, is currently within a renewed wave of buying. TRX/USD bulls have awoken in an attempt for a convincing recovery this time. The price has gained over 30% from the 15th December up to Wednesday, at the time of writing. It is currently enjoying its fifth consecutive session in the green. This is the longest daily run of gains seen since the back-end of August.

TRX Mainnet Accounts Approaching 1 million

The Tron founder, Justin Sun, regularly likes to announce updates via his Twitter account regarding the network. Just yesterday, he detailed another milestone for Tron: “Congratulations on #TRON mainnet accounts surpassed 900k in 178 days.” The total numbee of accounts on the mainnet has set a new record within a short time frame. Given the current pace, it wouldn’t be too surprising to see this breach the 1 million mark soon.

Additional Binance TRX Support

Following the above detailed update, not to long after, Sun also tweeted an update from the largest exchange in the world by volume, Binance. “TRX/TUSD was added on Binance, thanks for the support.” TRX is now being paired with a popular stablecoin TrueUSD (TUSD).

These are all fundamentally supportive news for Tron and its TRX of late. As covered in the prior article on Hacked, it wasn’t long ago that the network breached over 100 million total transactions inn addition to recording 2 million transactions daily – both new records.

Technical Review – TRX/USD

TRX/USD daily chart

As detailed earlier, TRX/USD is back within a bullish trend, this being near-term for now. Time will prove its sustainability as to whether this is part of a larger recovery. The price moved to its highest level since 29th November.

It is worth noting, however, with this run higher, the bulls have run into a near-term barrier. This can be seen at a double top area. TRX/USD previously ran to the upside, from 27th – 29th November, printing a high at $0.01705.

A double top formation can now be seen, as the bulls get held up by this 29th November high. At the time of writing Wednesday, upside has been capped for now here. Should the bulls fail to breakthrough, TRX/USD could be sent back south to the neckline, $0.01230.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 88 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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Ripple’s XRP Price Analysis: XRP/USD Has Broken a Vital Barrier and the Bulls Can Now Stampede Higher

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  • Ripple’s XRP has gained well-over 30% since the 17th December.
  • Bulls managed to force a breakout from a range-block, which had been confining price action.
  • Ripple’s head of banking says banks remain hesitant to adopt XRP-powered Ripple technology.

XRP/USD 60-min chart, price action extended to the upside from 10-day range. Eyes on further explosive moves, given the range breakout.

Ripple’s XRP has enjoyed a very chunky bull run going on three sessions now. Real life was kicked back into the bulls on the 17th December. This has seen the price gaining firmly over 30% to current levels on Wednesday. XRP had been moving within a range-block formation, from the 7th right up to the breakout on 17th December. Given the extent of time the price was confined, it wasn’t too surprising to see such an explosive move out.

There has been little in the way of huge fundamental developments of late directly relating to XRP. Perhaps inline with the rest of the market, the Santa rally has arrived. Nevertheless, we are still observing the news flow.

Western Union on Ripple and Cryptocurrencies

Western Union’s global money transfer President Odilon Almeida spoke in a recent company update.

The payments giant said they are heavily watching the expansion of global cryptocurrency adoption, indicating that they are ready to add another payment option in the form of crypto for its customers. Almeida says integrating crypto into the company’s overall offering of currencies is a simple task.

It is worth noting that Western Union have been piloting Ripple’s technology for the use of monetary transfers since 2015. The CEO, Hikmet Ersek, noted Western Union has recently completed tests with Ripple’s xRapid system, which for now they believe were “too early” to estimate accurate conclusions.

The Western Union global payment President Almeida further detailed, “Cryptocurrencies have so far failed to achieve broad acceptance because they have yet to master three things: governance, compliance and volatility. But Western Union is already better equipped to solve for such variables because it already moves money across 130 currencies and devotes substantial resources to all of those three challenges.”

Banks’ XRP Hesitation

Ripple’s global head of banking, Marjan Delatinne, was recently speaking in Frankfurt at Euro Finance Tech conference. She detailed how banks are demonstrating hesitation in leveraging Ripple’s XRP-powered cross-board solution for payments.

Marjan Delatinne commented, “Just to make clear, no banking institution is using that. Because as you’ve probably heard about, the regulatory framework around the usage of digital assets is not very clear for banks. But payment service providers and some other financial institutions are less governed by these obligations.”

Technical Review – XRP/USD

XRP/USD 4-hour chart. Price action broke out from range-block formation. Near-term targets; $0.40, $0.50 and $0.55.

Given the earlier detailed breakout from the mentioned range, it has left the door open to another wave of buying pressure. The bulls however must breakdown $0.40 for greater upside. This being an area of supply, having most recently seen at the back end of November. XRP/USD had failed to move back above this level, inviting sellers to pile back in.

A breakout to the upside from $0.40 could see a fast move back firmly within the $0.50 territory. Perhaps sending the price even as high as $0.55, within the near-term. The price last traded at these heights back at the start of November. This is where XRP/USD had been ranging for some time, prior to the big November – early December sell-off.

Disclaimer: The author owns bitcoin, Ethereum and other cryptocurrencies. He holds investment positions in the coins, but does not engage in short-term or day-trading.

Featured image courtesy of Shutterstock.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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4.5 stars on average, based on 88 rated postsKen has over 8 years exposure to the financial markets. During a large part of his career, he worked as an analyst, covering a variety of asset classes; forex, fixed income, commodities, equities and cryptocurrencies. Ken has gone on to become a regular contributor across several large news and analysis outlets.




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EncrypGen (DNA) Surges Ahead After Two Major Announcements

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Although nobody enjoys a bear market, the downturn has afforded me more time to research promising technology instead of worrying about trading patterns.  Not all projects will survive this downturn.  In fact, most probably won’t.  Instead, companies that have delivered upon their goals and promises will be the ones that soar like eagles.  EncrypGen (DNA) is an extremely promising company I have been following since their Initial Coin Offering in 2017.

Background

EncrypGen made global headlines in November when it launched the world’s first blockchain based genetic data marketplace.  The marketplace, called the Gene-Chain, brings together buyers and sellers to facilitate the exchange of genomic data.  Consumers will be able to both safely store their genetic data and, if they choose, generate passive income by selling that same data to researchers.  The good news for data sellers is that EncrypGen just made a major announcement which will make cashing out much easier.

Consumers Can Now Withdraw Via Bitcoin

As of Monday, consumers can now withdraw the proceeds from their data sales via Bitcoin.  This will allow consumers a quick, convenient, and safe method to withdraw their earnings and use it for whatever they choose.  With the holidays coming up, this is a perfect opportunity for consumers to generate some extra cash that can be used toward making the holidays extra special for everyone.  The next part of this process will include the ERC20/ETH integration.  The integration is expected to be completed in January.

Partnership With Murrieta Genomics

In addition to the new withdrawal method, EncrypGen also made headlines by announcing a major new partnership with Murrieta Genomics.  Murrieta Genomics is a genomic sequencing incubator based out of California.  Murrieta has agreed to offer EncrypGen’s Gene-Chain to the Genomic Data Industry.  This will greatly benefit both individual data users and researchers.  The hope is that this blockchain based solution will lead to more efficient and effective healthcare through the advancement of new medical treatments.

EncrypGen’s Chief Strategist, Joe Cawley, had this to stay about the partnership:

“Today’s Partnership moves Gene-Chain up the value chain toward those generating Next Generation Sequencing (NGS) genomic data, assays and testing techniques.  NGS genomic data unlocks the multi-trillion dollar personalized medicine market.”

Indeed, the opportunity currently available in genomics and personalized medicine is enormous.  Although there are a few competitors in this space, they have yet to even release an alpha platform.  Additionally, given the regulatory hurdles that new entrants will face, EncrypGen’s closest competitors are likely years behind.  As those competitors work on getting a platform built, EncrypGen will be focused on developing strategic partnerships that will enable the Gene-Chain to become the world’s go-to marketplace for genetic data transactions.

Conclusion

With the Gene-Chain now live, EncrypGen is focusing its attention on developing more strategic initiatives such as the partnership with Murrieta Genomics.  DNA token holders can expect more announcements like this over the next 6 months.

Although the crypto market is extremely depressing for all involved, traders must not lose sight of the end goal.  I recently wrote an article that the crypto market is still in the earliest phase of the technology adoption lifecycle.  EncrypGen is a pioneer in both crypto and genomics.  And I fully expect EncrypGen to not only survive the bear market but to prevail in the end.

Important: Never invest (trade with) money you can't afford to comfortably lose. Always do your own research and due diligence before placing a trade. Read our Terms & Conditions here. Trade recommendations and analysis are written by our analysts which might have different opinions. Read my 6 Golden Steps to Financial Freedom here. Best regards, Jonas Borchgrevink.

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