Cryptocurrency market trends overview

Bitcoin and Ethereum show stability and altcoins have spikes
07 July 2017   4726

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. 

GRAM May be Traded at Liquid at Triple ICO Price

Bloomberg says that Telegram tokens, that may appear at Liquid will be sold by Gram Asia at $4 per token, but there's no official info from Telegram
04 July 2019   829

Even before the official public release of the cryptocurrency of the messenger, Telegram can increase in price by 200% relative to its value during the initial offer of coins. It is reported by Bloomberg.

As previously reported, Telegram tokens may appear on the Liquid Bitcoin Exchange already on July 10. The distributor is Gram Asia, which calls itself the largest holder of GRAM tokens in Asia. It intends to put up for sale rights to cryptocurrency at $ 4 per unit.

At the same time, one of the investors said to the publication that at the time of purchase the price of 1 Gram was $ 1.33.

It is worth noting, however, that after the announcement of the public sale of Telegram tokens to Liquid, the media reported that this intention had nothing to do with the official plans of Telegram.

Then one of Telegram's investors stated that no one has the right to sell tokens before their official launch in accordance with the signed agreement. Moreover, representatives of the popular messenger noted that they first heard about Gram Asia.

Later, CEO Liquid Mike Kayamora admitted that Telegram has no relation to the placement on Liquid: the deal was concluded exclusively between the exchange and Gram Asia, which allegedly is an incubator for the TON project.

The Block's leading analyst Larry Chermak on several tweets expressed skepticism about the announced Telegram tokenale based on the Liquid stock exchange, saying that he would “think twice before making a decision to invest.”