Crypto Ups and Downs on 20 - 26 Mar

In this article we present the overview of the gainers and downers among cryptocurrencies with the highest market capitalization during the week on March 20 - 26 of 2018
26 March 2018   1657

From this article you will learn about the most unpredictable ups and downs of cryptocurrencies. We have analyzed the crypto market, and researched the most popular tokens and coins with market capitalization over $1M. In the charts below you can find all relevant information regarding the leaders of growth and fall during past 7 days.

This week the list of cryptocurrencies looks much better than last week, as the coins are rising notably. Some of the coins managed to even double in price, for instance Storm, which rose 147.38% within past 7 days. Veritaseum is also rising, it increased 77.24%, having its market capitalization grown from $217 million on March 20 to $381 million on March 26. ICON, Loopring and IOStoken also had a pretty successful week as they all rose more than 50%.

The Biggest Gainers

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change %
(7 days)
ICON 1 252 086 385 3,24  96 678 300 + 55.37
Veritaseum 381 995 255  187,56 560 958 + 77.24
Loopring 259 214 758 0,453114 3 559 270 + 56.05
IOStoken 220 183 320 0,026212 72 934 200 + 55.45
Storm 191 302 305 0,046786 336 633 000 + 147.38

However, past week was not so fortunate for some of the cryptocurrencies. A lot of coins and tokens fell down in price and market capitalization, losing popularity among the users.

The Greatest Downers

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change %
(7 days)
Electroneum 178 009 156 0,027255 1 398 99 - 18.53
SmartCash 93 346 529 0,112884 94 943 - 28.35
LeadCoin 18 392 523 0,023448 4 892 020 - 67.18
Storiqa 18 283 013 0,002354 112 282 - 32.28
ZClassic 16 399 212 4,56 438 731 - 25.39

The greatest downer of this week is LeadCoin, which has shown a downwards trend of 67.18%. Storiqa fell 32.28%, having its price decreased from $0,003 to $0,002 within past 7 days. Moreover, SmartCash has also had a rather unsuccessful week, as it fell 28.35%, having its price drop from $0,15 to $0,10 from March 20 to 26. The market capitalization of ZClassic dropped from $22 to $16 million, while the market capitalization of Electroneum fell down from $229 million to $177 million.

VanEck & SolidX to Withdraw BTC ETF Application

Bitwise and Wilshire Phoenix' Bitcoin applications are still pending
18 September 2019   188

The bid for Bitcoin ETF launch by VanEck and SolidX, considered the most likely candidate for approval, was withdrawn amid continuing uncertainty from the US Securities and Exchange Commission (SEC).

VanEck and SolidX planned to place their Bitcoin ETFs on the Chicago Options Exchange (Cboe). However, as follows from the notification published on Tuesday, on September 13, the latter withdrew the application for a change in the rules, which, if approved, would allow launching the corresponding tool.

Previously, SEC postponed the solution several times at the request of VanEck and SolidX. The last time this happened in August was when the decision on Bitcoin ETFs from Bitwise Asset Management and Wilshire Phoenix was also postponed.

The final deadlines for decision making on Bitwise and VanEck / SolidX applications were on October 13 and 18, respectively. Wilshire Phoenix's decision is due on September 29th.

It should be noted that over the past few years, various companies have sought approval from the SEC to launch exchange-traded funds, but each time the regulator refused. Most often, the reasons for the negative decision were explained by the risks of market manipulations and insufficiently developed market control tools.