Latest Market News
U.S. stock brokerage firm EF Hutton has started publishing ratings and analysis of a selection of cryptocurrencies. Currently, the company is focusing on high market cap coins – Bitcoin, Ethereum , Ripple, Bitcoin Cash, EOS , Litecoin and Cardano.
As the market continues to fluctuate, a significant number of tokens have dropped by at least 75% in value from January’s peak. Others have held their value a bit better, but interesting projects are still being overlooked even though they are making solid progress towards their goals.
The market has embarked on a severe decline over the last 24 hours that has seen the bears return with a vengeance and resulted in the total market cap heading to around $200B. This has left the majority of investors searching for reasons, as the total valuation stood at $238B early on Monday.
The cryptocurrency market has seen an immense drop yesterday, but the bright side is that the situation could present opportunities to find suitable entry points. There’s a number of coins that can be worth considering at their current prices, but we’ve selected 5 that are worth keeping an eye on as the month progresses.
The cryptocurrency market took a beating today as most of last week’s gains were wiped out by a sudden sell-off.
As we’re approaching the end of Q3, we close in on the final stages of the year and take a look at the projects that are conducting Initial Coin Offerings (ICOs) over the next month. Here’s our picks for 5 ICOs to keep an eye on in September.
An ICO, or initial coin offering, on the other hand, is the (very) rough equivalent of an initial public offering in the cryptocurrency space. It provides a fundraising opportunity for companies to collect capital for their business expansion. In return, the ICO backers get digital tokens or coins.
MyCrypto is a project that resulted from a rift between MyEtherWallet (MEW) co-founders Kosala Hemachandra and Taylor Monahan. The project, headed by Monahan, has secured $4 million in series A funding from investors incuding Polychain Capital, Boost VC, Ausum Ventures and ShapeShift.
Ethereum Core developers have decided to implement EIP 1234 (Ethereum improvement proposal) in the upcoming Constantinople upgrade. EIP 1234 entails a reduction of the block reward from 3 ETH to 2 ETH, slowing down Ethereum’s inflation rate.
This week, the cryptocurrency market as a whole delivered a decidedly positive performance – about 50 of the top 100 cryptocurrencies increased in value by more than 10% and even certain large market cap coins such as IOTA (+33%) and EOS (+30%) had very impressive runs.
