Market: Bitcoin[BTC], Ethereum[ETH], Litecoin[LTC], Tron[TRX], Dogecoin[DOGE] – fresh money enters market
After a slow couple of weeks, the markets are green once again. And this time Litecoin is leading the race. The cryptocurrency is up by 12% and if the upper trend continues we can expect Litecoin to pass $40 as well.
Bitcoin has somewhat stabilized in the range of $3,400 – $3,500. After briefly going below $3,400 Bitcoin quickly went up by 0.78%. Bitcoin is currently trading at $3,445 and has a market capitalization of $60 billion.
Ethereum devs have stopped looking at the price, as the developer community prepares for EthDenver hackathon, the largest Ethereum hackathon till date. After dropping 2.4% 2 days ago Ethereum is back at its stable price range of $107 – $115. Ethereum is currently trading at $108, a 2.95% increase in the past 24 hours.
Litecoin is by far the biggest gainer today. The cryptocurrency is up by 13% and has a huge potential to cross $40. But the growth has stifled a bit, so we cannot say whether it will reach $40. Litecoin is currently trading at $37.71.
Tron has been a continuous performer this couple of weeks. With the much awaited BitTorrent Token ICO finally over, Tron has seen its position jump from 10th largest cryptocurrency to the 8th largest cryptocurrency. Tron is trading at $0.026 and has a market cap of $1.7 billion.
Internet’s favorite, Dogecoin, went below its stable price range for the first time in the past 8 months. Although it still hasn’t lost much of its value, its general trend line shows a downward trajectory. Dogecoin is trading at $0.0018 and has a market cap of $221 million.
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