Aeternity and NEM to be listed on Bithumb

NEM and Aeternity are currently among the most reliable and solid representatives of the crypto market: today these altcoins are to be listed on Bithumb
07 June 2018   1348

Bithumb is the largest cryptocurrency exchange in Korea. It’s constantly ranked among the top 10 worldwide crypto exchanges in terms of trading volume. The exchange suggests the lowest commission rates in the world. Bithumb, at last count, was also responsible for about 50% of South Korea’s Ether trading. 

When major exchanges list smaller altcoins they commonly pump and dump that is what we can observe at the moment. Nem and  Aeternity are listed on Bithumb today which is causing it to pump by around 15% at the moment. Presently the best performing solid gainers one in the top 25 at the moment is Nem, with Aeternity at 27 also growing. 

Nem is mainly traded in Asia at the moment with Upbit in KRW leading the way at 25% of the total and Zaif in JPY taking 15%. The volume spike came about some hours ago when it jumped from $16 million to $33 million. Total market cap for XEM is currently $2.3 billion positioning it at 15th in the charts almost level with Tether.

NEM charts
NEM charts

Market capitalization for all cryptocurrencies is up marginally this morning by 1.2% to $348 billion, trade volume is unchanged at $15 billion. Over the past 7 days it has increased 7% from $325 billion this time last Thursday. There are a few other altcoins trading strongly this morning in Asia and they include Aeternity up 15%, Ontology up 8.5%, Zilliqa up 9.5% and Siacoin 8.6% higher on the day.

Aeternity charts
Aeternity charts

Aeternity Price at the moment of press: $3,74
Market cap: $871 174 997
Volume (24h): $38 581 200

BTC Invesment Profitability to Exceed Traditional Assets

This conclusion was made by Binance Research team in study "What Bear Market?"; since begining of the year the BTC has grown by more than 50%, while oil by 33%
08 May 2019   320

Since the beginning of the year, Bitcoin has grown faster than traditional market assets, including oil, technology companies, real estate and gold. This conclusion was made by Binance Research in the new study "What Bear Market?"

Since the beginning of the year, the price of Bitcoin has grown by more than 50%, while oil - by 33%, tech stocks - by 18%. The price of gold in five months slipped by 1%.

Recently, however, some factors have emerged that may put pressure on the price of Bitcoin. Thus, the recovery of BTC growth slowed down somewhat amid news of a hacker attack on the popular Binance exchange itself, as a result of which 7,000 BTC ($ 40.5 million) were stolen.

Another potentially negative factor for the price of Bitcoin could be the upcoming IEO of the Bitfinex exchange, where Tether stablecoins will be used to purchase LEO tokens for $ 1 billion. It can lead to situation when large players can may actively sell BTC.