Crypto price analysis: NEO, Monero, Dash, Tether, NEM, Vechain, Binance coin, Ethereum Classic, Qtum, Ontology; June 6
The cryptocurrency market is doing really well today, as most of the coins are in the middle of a healthy gain, including Bitcoin (BTC). The upward curves started yesterday at 20:40 UTC and continued till the end of the day, due to which most of the coins scored big time. Let’s look into how some of the altcoins have performed during the past 24 hours.
NEO (NEO) is holding its ground after getting a commendable hike yesterday (3.8%). However, the hike, which started at 20:40 UTC yesterday, came to an abrupt halt at 23:20. After that, the coin has had some ups and downs, but nothing so major that it would alter the coin’s value greatly. One can say that the coin’s value is being ‘stable’. The current coin price is $54.49 and the market cap is $3.54 billion. It hasn’t altered much with respect to Bitcoin price as 1 NEO = 0.00714 Bitcoin (BTC). Overall, its gain is 3.03%.
Monero (XMR) has seen both hikes and dips today. At 19:44 UTC yesterday, it quickly rose in price, getting up to $168.13 from $161.57, which is a 3.9% hike! Since then, the coin held its price for the next 9 hours. This is when the coin started losing value steadily and continuously. At 15:45 UTC, it stooped down to $162.97. Currently, the price of a Monero coin is $165.53 and the market cap is $2.66 billion. 1 Monero (XMR) = 0.0217 Bitcoin (BTC).
Dash (DASH) had a great day with respect to its coin price and stability. At 20:44 UTC yesterday, it hiked in price by 3.9%. Since then, it has somewhat held the same price, despite the slight increasing and decreasing in price. Even its value with respect to Bitcoin hasn’t altered much. At the time of writing, the market cap of Dash was $2.571 billion and the coin price was $316.80.
Tether (USDT) has managed to remain calm and composed despite all the commotion happening with the other altcions. After all, it doesn’t vary much, no matter how intense the crypto market gets. It’s market cap hasn’t varied much either, staying solid at $2.5 billion, and the coin price remains at approx. $1, like it always does. However, due to slight change in value, the coin decline is 0.4%, which, in the context of Tether, is negligible.
NEM (XEM) too has managed to maintain stability throughout the day. After a significant increase in price late yesterday (about 5.2%), the coin has lost only a small fraction of its value over the past 18 hours. Currently, its market cap is $2.24 billion and the 24 hour trade volume is $15.76 million. The coin price is holding steady at $0.249, which in terms of Bitcoin price, is 0.00003278 BTC.
VeChain (VEN) has been performing really good today. The most impressive thing about the coin’s behaviour is that it has been extremely stable throughout the day. At 00:00 UTC today, it was priced at $4.11 and at the time of writing, which is 18 hours later, its value was $4.08. This is a negligible loss in value. The overall gain of the coin is 5.68% and the market cap is $2.13 billion.
Binance coin (BNB)
Binance coin (BNB) has been super impressive throughout the day. HODLers who had invested in the coin would be all smiles today, as the coin’s gain is a whopping 14.08%! The coin showed only positive growth for the major part of the day, as seen from the coin’s 24-hour graph. At the beginning of the day, the Binance coin’s price was $14.30, and at the end of the day, it was $17.36, which is an exceptional growth. The market cap has increased by $343 million, which is just massive.
Ethereum Classic (ETC)
Ethereum Classic (ETC) had a rather ‘confusing’ day at the crypto market. It experienced abrupt increasing in price as well as unexpected downfalls. The coin value fluctuated between $14.92 to $15.56 throughout the day, causing its graph to look pretty unstable. At the time of writing, its market cap was $1.577 billion and the coin price was $15.45.
Ontology (ONT) is among the top gainers of the day, standing 2nd, just after Binance coin (BNB). Its overall gain is 12.37%, which is phenomenal for a coin having a market cap of just $1.30 billion. The increase in price is due to the increased trading volume, which currently is $132.6 million ($93 million at the same time yesterday). The coin price is $8.61, which is equal to 0.00112 Bitcoin (BTC).
Qtum (QTUM) didn’t have a promising day whatsoever. Apart from the initial hike at 20:40 UTC yesterday, the coin didn’t have anything positive to boast about today. Over the past 19 hours, it has had severe fluctuations in price, which has eventually lead to its decrease in value from $14.03 to $13.77. However, the loss in value isn’t too bad, due to which market cap hasn’t altered much, holding at $1.23 billion.
Image via Shutterstock and Coinmarketcap
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