Neo, Monero, Dash, Tether, NEM, VeChain, Binance Coin, Ethereum Classic, Qtum, Ontology: Price analysis, June 4
The cryptocurrency market trends for June 4th were not appreciable. Most of the coins which rank between 11 to 20 based on the market capitalisation found themselves on a downward curve. The average loss in value was about 4%. The total market capitalisation was reduced to $332 billion and the 24-hour trade volume to $16.6 billion.
NEO started off the day being priced at $54.5 USD at 12:00 UTC. Though it found a slight hike at 13:20, I was all downhill after that. The coin had three prominent dips of $0.7, $1.01, and $1.4 at different times. It finally ended the day being priced at $52.6, and with a market cap of $3.42 billion USD. The change in value is -5.64%.
Being priced at $165.06 at 12:00 UTC, Monero started off on a high note. However, at 16:00, the coin started declining steadily and rather, quickly. Within a span of 4 hours, it had reduced to $157.84, which is a massive 4.33% reduction in value. Despite the slow rise following this, the coin ended the day on a low, being priced at $158.15 and a market cap of $2.54 billion USD. The total loss of value is 4.92%.
Dash experienced a pretty unstable day at the markets. It was priced at $322. 61 at UTC 12:00. It found itself increasing and decreasing in value pretty frequently, though there were no significant rises or falls. It, again, was a bad performer with a total loss in value of 3.83%. It ended the day at $311.6 and a market cap of $2.52 billion USD.
Tether, as we all know, is one of the most stable coins out there. It has maintained a more-or-less stable pricing of $1 USD from the time it was introduced. Though there wasn’t much of a change in the coin value for the day, its market cap found and increase from $2.50 billion to $2.52 billion USD.
NEM was priced at $0.25 at the beginning of the day. After falling to $0.24 at 17:45 and continuing there for the next 7 hours, it found a sudden rise and got back to $0.25. However, it soon lost its value again and ended the day at $0.24 and a market cap of $2.17 billion USD.
VeChain, despite having its ups and downs, didn’t experience much of a change with respect to it value of market capitalisation. It started the day at $3.95 and a cap of $2.07 billion and ended at a price of $3.85 and a cap of $2.02 billion. Its total loss of value was 2.34%.
Binance coin (BNB)
Binance coin is one of the only coins which had a positive growth yesterday. At the beginning of the day, it was priced at $13.92 and ended the day at $14.8. This is a massive increase in value of 4.59%. At the moment, the market cap of Binance coin is $1.68 billion USD.
Ethereum Classic (ETC)
Ethereum Classic, just like its parent coin Ethereum, has experienced a downfall over the past 24 hours. Its total loss in value is 4.2% as it reduced from $15.53 to 15.04. Its market cap has also reduced by a whopping $84 million USD during the same span of time.
Qtum maintained stability during the first half of the day. However, during the second half, it experienced a sudden downfall, causing its value to reduce by 5.5% in a span of just over 90 minutes. It also caused the coin’s market cap to reduce from $1.23 billion to $1.18 billion throughout the day.
Ontology is a better performer compared to most other coins on the list of the top 50 coins by market cap. Throughout the day, it held its value despite the occasional ups and downs. Though its value found a slight dip at the end of the day, it regained traction to reach an overall increase of 1.77%. It ended at a coin price of $7.50 and a market cap of $1.13 billion USD.
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