Bitcoin climbed above $ 9,000 on Sunday, then hitting a 13-month high above $ 9,300. According to CoinMarketCap, the leading cryptocurrency peaked at $ 9324, the highest since May 10, 2018. Investors say that increased institutional support for cryptocurrencies, escalating trade tensions between the US and China, and Facebook’s plans to release its own digital currency have put a positive pressure on the price of bitcoin.
In general, there are several more promising cryptocurrencies on the market this year. However, it is worth recalling that cryptocurrencies are characterized by high volatility and dependence on industry news, so the balance of power may still change during the year.
Bitcoin
Over the week, bitcoin growth was more than 15%. The volume of BTC trades in the last 24 hours exceeded $ 23 billion. The bitcoin dominance index reached 57.4%, after falling to a local minimum of 55% on Thursday.
According to the resource CoinMarketCap, the last time the value of the largest cryptocurrency on the market was more than $ 9,000 more than a year ago, in early May 2018.
Although it was announced that the average market price of bitcoin for the first time exceeded the $ 9,000 mark, back in early May, the value of the cryptocurrency reached $ 9,097 on the Bit stamp exchange based in Luxembourg.
Bitcoin is currently being offered at slightly over $ 9,000, according to CoinMarketCap data. It can be purchased for $ 9296. There are many speculations trying to explain the recent changes in its price. In particular, it is argued that the surge in the value of bitcoin was caused by reports that the social network Facebook is about to launch its own cryptocurrency.
Enjoin Coin
ENJ is a cryptocurrency focused on the gaming industry.
Enjoin Coin is marketed as a currency for buying virtual goods, backed by “the largest community platform for gamers on the web.” Enjoin mobile wallet can be used to work with Bitcoin, Lite coin, Ethereum, ERC20 and ERC1155 tokens, including those used in games on the blockchain
The goal of the Enjoin team is to make Enjoin Coin the most useful cryptocurrency for gaming and gamers. Besides the coin itself, Enjoin has also created many software development kits (SDKs) to help developers integrate new features for their communities and games.
One of the benefits promoted by Enjoin is that by transferring games to blockchain, they will be able to help players avoid the extremely high level of fraud prevalent in the transfer of virtual goods.
For 2019, the project has many significant events planned that can strengthen ARDR’s position in the market.
Homochain is a very promising technology that should be an energy efficient decentralized application development platform that has all the advantages of blockchain technology without its disadvantages.
Like Ripple, EOS.IO is capable of executing millions of transactions per second, which is in stark contrast to 20 Ethereum transactions and 3-4 Bitcoins.
EOS raised $ 4 billion from an ICO that took place over a year.
True, the network does not have its own unique blockchain. The cryptocurrency was launched as a fork of Bitcoin. Spring 2019 started very well for RVN. Market capitalization in just a few weeks in March rose from 90 million to 200 million, and the cryptocurrency was in 32nd place in the CoinMarketCap ranking. According to forecasts, by the end of this year, the altcoin price will rise to 20-50 cents, and in 2020 it may reach one dollar.
BAT
For a long time, no one really knew about the Raven coin (RVN) cryptocurrency. But in recent months, it has risen in price by hundreds of percent and demonstrates almost the most dynamic growth in the entire market.
True, the network does not have its own unique blockchain. The cryptocurrency was launched as a fork of Bitcoin. Spring 2019 started very well for RVN. Market capitalization in just a few weeks in March rose from 90 million to 200 million, and the cryptocurrency was in 32nd place in the CoinMarketCap ranking. According to forecasts, by the end of this year, the altcoin price will rise to 20-50 cents, and in 2020 it may reach one dollar.
Ripple
From December 2017 to January 2018, Ripple has risen in price by 10 times.
The surge in interest began in May, when it became known that the second largest stock exchange in Germany, Bores Stuttgart, had given the green light to the listing of exchange-traded notes (ETNs) pegged to Lite coin and XRP. Specifically, Bores Stuttgart authorized the placement of four securities issued by the Swedish exchange notes provider XBT Provider and linked to Lite coin and XRP rates, which are quoted in pairs with the euro and the Swedish krona, respectively.
However, the positive news for XRP doesn’t end there. Leading US cryptocurrency company Coin base announced that XRP has become available for purchase, sale, storage, and transactions by users of the main platform Coinbase.com from New York State.
However, there are many such projects, remember at least NEO, whose tokens are mostly kept by developers. Ripple’s strength is in banking. Today, such giants as Abu Dhabi National Park, UBS, Santander cooperate with this cryptocurrency.
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