Daily Crypto Overview 1-5-2018
Bitcoin blasted back today with a nice 10 percent gain reaching back to the $17,000 plus mark. Give it a few more days(or maybe less) and I expect that we might see a new all time high for Bitcoin.
Bitcoin's rise lead to demise for most of the rest of the top 10 in terms of total market cap. Only Litecoin and Bitcoin Cash were able to salvage gains for the day along with Bitcoin.
Bytecoin had an amazing day with over 80 percent gain bringing it's total market cap to $3 billion plus and each coin worth $0.01677.
Enjin Coin continued it's run with another 6 percent gain making each coin $0.415!
Here are some other huge gainers (in the top 100) on the day:
PACoin- 440 percent gain
Digital Note- 172 percent gain
Kin- 125 percent gain
Siacoin - 99 percent gain
Binance Coin (BNB)- 78 percent gain
Dentacoin- 66 percent gain
Electroneum- 52 percent gain
Ethos- 35 percent gain
Dogecoin- 34 percent gain
Lisk- 24 percent gain
Gnosis- 23 percent gain
Steem lost some traction today and so did Steem Dollars. This had to be expected by many after 3-4 huge days of gains for Steem. I am still a long term lover of Steem and powering up as much Steem to Steem Power will greatly maximize your authorship or curation rewards as the price gains.
What do you think will happen next in crypto? Tell me in the comments!
To the moon,
Market is simply interested to invest in coins which are under a dollar and doesn't really care about the market cap of that particular coin.
totally agree
PacCoin has had huge growth due to news of their rework of their coin. It also began to be paired with Litecoin on cryptopia which has allowed for easier access then before with doge being the only real entry point. I see this coin continuing to rise till it gets closer to its rework starting on the 1st of February.
Peace,
The Last Sage
Thank you very much
I am glad I found you article
I am interested in the bitcoin
I will definitely buy a few and make an exodus wallet too
It seems to be a very good useful coin
Thanks again
Nice post! I think it is always better to invest in Alts when bitcoin is on a bearish run and anticipate the bullish period to jump back again at the ride.
Req went up 50% too .check out PRL , using Eth and IOTA tangle to solve internet ad revenue problem . I am new to Steem , can you tell me how curation award works ?
yes, BTC is back on track. hope we see a good rally from here on
Bitcoin, I saw that coming. I new it was going to bounce back, just that my predictions failed me, I predicted towards end of the month, but it came early. I was so happy.
Market opened with a new aspect in this year. As most of the traders were saying in last year that Bitcoin will cross 20,000$ in the last days but it did not such. But suddenly Bitcoin again has picked up the speed of growing. We are seeing a great miracle in Bitcoin as well as in altcoins also. Really a informative blog. Do you also share your daily prediction for intraday traders or for long terms traders?
Siacoin was fantastic to trade with :D
what you think about redd coin friend
I am not well versed in it's abilities or features, but I do know that it has been on a massive bull run that doesn't look like it's slowing down anytime soon.
Electroneum finally making big moves
i am too holding steem for long term :) would not sell that
https://steemit.com/trigger/@nocrypto4oldmen/trigger-is-about-to-dump
verygood information its helpfull to us
really geat news thanks for this !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Bitcoin is one of the most popular cryptocurrencies around, and it uses peer-to peer technology to operate with no central authority or banks. The network surround Bitcoins issues the coins and manages any transactions. Bitcoin is an open-source network that is open to everyone. Unlike others, it is not owned by anyone in particular, and anyone can own or take part in Bitcoins. Bitcoin is the first decentralised cryptocurrency, that is unlike others.
Since Bitcoins arrival, it has seen many highs, and actually has the largest variety of markets and the biggest value of any cryptocurrency there is. It reached a peak of 18billion USD, going some way to prove that Bitcoins are very much here to stay! It is the most traded cryptocurrency, and is often the one that people think of when they consider different cryptocurrencies. It is worth bearing in mind though that the price is very unstable and can go up and down by as much as 10-20% in a single day!
Despite this though, Bitcoin is still a relatively new concept, which means that there are some flaws and improvements that have to be made throughout, but this is where Bitcoin really excels. They have a highly dedicated team of developers, who are constantly working hard to make these improvements, and cross and obstacles that they encounter.
There are 21,000,000 total minable SHA-256 POW Bitcoins. The block time for Bitcoin is 10 minutes, and you can trade US dollars for Bitcoins, crypto to Bitcoin, along with many other currencies as well.
Good info ,I think on dips steem is still a great buy . Long term there is unlimted upside ,,