Tron, a well-known altcoin, again surged ahead of Monero [XMR], the promising privacy crypto. Now perched on the 11th spot, Tron has once again crossed the $1 billion market cap threshold, trading at slightly over $.015, at the time of writing. It did so with a steep climb when its trading volume of nearly $90 million was boosted by a late surge of over 6% in just a couple of hours. Interestingly, the upward trend was not due to a single market, as trading for the coin came pouring in from BitForex,Binance, Upbit, OKEx, and Huobi. The founder of Tron told the market that he aims at positioning Tron to surpass Ethereum [ETH].
The prices of all cryptocurrencies were struggling against the USD. The saga started when the Bitcoin Cash Fork war started and the value of BTC fell from above $6000 to $3300 within a few days. Yesterday, the price of Bitcoin and other cryptocurrencies reported significant gains against the USD. Bitcoin took a spike above $4,202 carrying the entire cryptocurrency market along. This may be a good thing as all top 20 coins are trading in green against the USD. The entire market capitalization increased yesterday. Two days ago, it was sitting around $129 billion but yesterday it was as high as $137 billion. The total trading volume was relatively stable throughout the day around $16 million.
Chinese cryptocurrency mining giant Bitmain released several price indices. The Bitmain Crypto Index (BCI) comprises real-time spot price reading which refreshes every second, along with a daily reference price. The spot index covers the 17 largest cryptocurrencies by market cap. The product was developed to provide institutional and retail investors with a transparent, timely, methodology-based, and investable benchmark of the most active cryptocurrencies traded globally. It is aiming to track the largest assets for both institutional and retail investors. BCI forms the latest branching out for Bitmain as the company undergoes a significant period in its history.
Even when the whole world is in indignation due to the economic damages caused by cryptocurrencies, cryptocurrency enthusiasts one way or the other, find some reasons to adore it. There were no further impetus over the weekend. Crytpo markets continue to dwindle. Bitcoin’s failure to make a headway above $6400 has kept the crypto market flat. Total market capitalization still holds out about $210 billion as of now. The top ten is predominantly red because the Asian traders have been selling all day. In the top twenty, some aspects are indistinguishably similar with only a feeble movement in either direction. At the moment Zcash has the worst performance.
The ripple’s native currency XRP prices was trading at 0.27 USD on September’17 after being oversold since January’s peak. The United State’s Banking major PNC’s partnership with XRR created a huge anticipation among Crypto investors. The positive news about Ripple-PNC along with the most expected product of Ripple.
Expectation pushes XRP prices
The X Rapid’s which uses XRP in real time triggered the rally as unofficial sources reported on X Rapid launch by this month. This turn factor made Ripple to rally more than 40% from $0.27 to 0.45$. Checkout prices on Prices Doyens