Cryptocurrency market trends overview

Bitcoin and Ethereum show stability and altcoins have spikes
07 July   2058

Now there is no clear market-wide trend, only few small price swings. In "high league", Ethereum and Bitcoin have low volatility and showed small loses, Dash and Litecoin showed good price jumps. Trading volumes was low all over the market and none of cryptocurrencies reached billion dollar mark.

Bitcoin is above $2,500

Bitcoin

Is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.

Bitcoin reached new hights in the first half of the year, had some crazy price swings in June. But now Bitcoin prices are in steady incline, holding above $2500. 

Bitcoin price chart
Bitcoin price chart

Torpid fall of Ethereum

Ethereum

Open-source blockchain-based distributed computing platform featuring smart contract functionality, which facilitates online contractual agreements.

Second biggest cryptocurrency showed some small daily loses recently. It holds above $250 and shows low volatility. But only few weeks ago, Ethereum was much above $300. Fake "death" of Vitalik Buterin crashed Ethereum, and the minimal price was lower than $280. But, some Ethereum fans says that coin will rise up to $1000.

Ethereum price chart
Ethereum price chart

Litecoin continues to grow

Litecoin

Features faster transaction confirmation times and improved storage efficiency than the leading math-based currency

A "Bitcoin alternative", created by a blockchain pro Charles Lee, still showing good tendencies. Also, this cryptocurrency was chosen by the MIT for a "mysterious project"

Litecoin price chart
Litecoin price chart

Dash's spikes

Dash, which has a 6th place, showed some crazy spikes in recent days, rising more than 19%. It was $223 on the 6th pf July, but today, at 7th, it's only $209.

Dash price chartDash price chart

This spike was caused by an incresed popularity in Asia. 

Verge to Improve Security via Hard Fork

Verge cryptocurrency will reportedly undergo a hard fork on block 1 824 150 which should resolve stealth transaction issues and enhance privacy features
22 January   2139

Verge has announced that the hard fork of the coin will occur on block 1 824 150. The decision was made because some mining pools were not running the latest codebase, and as a result some stealth transactions did not get confirmed. Verge tried to soft fork, but not enough pools participated. The new hard fork will assure that miners are up to date and process stealth transactions.

Verge tweet regarding hard forkVerge Tweet Regarding Hard Fork

What is more, the hard fork will make sure all transactions will be processed and confirmed even faster, and it will not affect coins in the wallet. After the hard fork, the users will have 6 days to update their wallets to then still have access to their funds. Moreover, balances at any exchanges will not be affected by the hard fork.

Verge latest blocksVerge latest block at the moment of press

As soon as the stealth transaction will be activated with hard fork at block 1 824 150, at the moment of writing the last activated block was 1820480, and the estimated time until the Verge hard fork is 30:31 hours.

Verge Charts january 2018Verge Charts

Currently, the price of Verge is falling down, it decreased 15% within past 24 hours and 30% during past 7 days, having moved the coin to the 26th place in the list of coins ranked by market capitalization.

At the moment of press, these are main market parameters of Verge:

  • Average price: $0,092518
  • Marketcap: $1 341 606 868
  • 24h volume: $83 587 200