Crypto Ups and Downs on Feb 27 - Mar 5

In this article we present the overview of the gainers and downers among cryptocurrencies with the highest market capitalization during the week from Feb 27 to Mar 5
05 March 2018   561

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 was much more successful for the coins and tokens with high market capitalization, than the previous one. For instance, CloakCoin is currently the leader of our charts as it rose 82.14% within past 7 days. Theta Token is also rising, it managed to increase almost 79%, having grown from $0,12 on February 27 to $0,21 on March 5, while its market capitalization grew from $71 million to $122 million.

The Biggest Gainers

Name Market
  Cap
Price 
in $
Volume
 (24h)
Change %
(7 days)
Particl 299 470 341 33,69 5 413 260 + 57.41
Nexus 168 736 145 3,01 25 009 000 + 73.00
Genesis Vision 133 912 555 35,93 9 616 780 + 54.37
Theta Token 123 736 865 0,212272 23 252 300 + 78.96
CloakCoin 87 741 80 17,20 8 580 890  + 82.14

Nevertheless, past week was not so fortunate for some 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)
Revain 277 532 693 1,50 5 317 050 - 34.87
Bitcore 123 378 319 10,25 1 241 020 - 49.55
BridgeCoin 84 590 730 3,13 55 390 - 33.68
Experience Points 77 803 574 0,000358 801 944 - 34.13
CoinDash 47 556 863 0,072476 1 100 400 - 31.09

The greatest downer of this week is Bitcore, which fell 49.55%, having its market capitalization decreased from $252 million to $122 million only within 7 days. Moreover, Revain has also had a rather unsuccessful week, as it fell 34.87%, having its price drop from $2,35 to $1,52 from February 27 to March 5. The market capitalization of Experience Points dropped from $130 to $77 million.

Crypto Exchange White Label Service launched by OKEx

OKEx, one of the biggest exchanges in the world, has declared the run of a crypto exchange creation programme ‘Digital Asset Exchange Open Partnership Program’
20 June 2018   73

The announcement claims that the programme is intended to “nurture a new generation of digital asset exchanges”. To establish a new crypto exchange, interested parties have to provide OKEx with a domain name, logo, and specialties of the management team. They are assured to possess “solid industry experience, quest for service excellence, and strong industry influence.”

Applicants should also deposit 500,000 OKB tokens into their accounts. This equals around $2.5 million at the present rate, according to coincodex.com. OKB is a utility token that were first sold in March of this year in packages of up to 100, each costing $100. They can be applied to settle transaction fees on the exchange and traded for Bitcoin, Ethereum and Tether.

The applicants will get access to OKEx’s fitting system (which links up buy and sell orders), cold and hot wallets (offline and online cryptocurrency storage), clearing system (which handles money transfer), client support system, and know-your-customer and anti-laundering systems. They will also get support from the OKEx technical team.

100 places are suggested by the programme in its first phase. It is anticipated to start in July. The announcement also points out the setup that the new exchanges must have. They will develop their own native tokens, and distribute them as follows:

  • 25 percent to themselves;
  • 24 percent to OKB holders;
  • and 51 percent to be mined.

OKEx explains the mechanisms by which the tokens will be mined/released. The term white label was firstly invented in the music industry - a white label vinyl record was a release so new that it had not yet been labelled, a much sought-after thing. Presently it cites to a service or product manufactured by one company and sold to another for re-sale under a different brand name.