The total crypto declined to $169.3 billion after losing $11 billion of its value since . The top ten currencies are all in red for the 24-hour period with Litecoin () losing 7.8 percent. At the time of writing, bitcoin () is trading at $5,055, while ether () stands at $165 and Ripple’s hovers around $0.326.
BTC/USD
was trading in the $5,197 to $5,487 zone on and closed the session at $5,310 on the Bitfinex daily chart. The coin was showing stability as bulls were already preparing for a run towards $5,600 and $5,660.
On , however, the pair entered a short-term correction, which resulted in a 4.6 percent drop to $5,052. It was still able to hold above the psychological level of $5,000.
, one of the most popular cryptocurrency exchanges their new product, Coinbase Card on April 11. The exchange will enable crypto payments in all VISA-supported locations by converting their customer’s crypto funds to fiat in real time. This means Coinbase users can download the new Coinbase Card App and select the preferred wallet and cryptocurrency to use for the transaction. The new feature is currently available for UK-residents only, but the plan is to expand it to the whole EU in the coming months.
, a decentralized computing network has with the United States Security and Exchange Commission () for a security token under the Commission’s Regulation A+ framework. If approved, it will become the first ever blockchain company to accomplish this. The $50 million Stacks token (STX) offering will take place on the website as 215 million STXs will be offered at a discounted price of $0.12.
Additionally, there will be up to 62 million tokens at a purchase price of $0.30 and up to 40 million tokens sold for non-cash consideration such as or blockchain-based app creation.
ETH/USD
The token remained flat for the day on and closed at $177. It surpassed the $180 mark on , but buyers could not keep up with the momentum and allowed a price decrease in the following days.
On , the pair followed the general trend in the crypto market and dropped to $165 losing 6.7 percent of its value.
, the decentralized app analysis website its Q1 2019 report revealing that Ethereum blockchain is still the preferred dApp platform.
As per the document, “Ethereum-based dapps dominated and accounted for more than half of the newly listed” applications. On the other hand, it is more than clear that is on the rise with the fastest growing user base and more than 300,000 active users, compared to 260,000 on and 72,000 on Ethereum.
What’s more, 85 percent of TRON users were active on the platform in Q1, which is the highest rate among leading dApp blockchains. It also broke the record for single-day transactions volume when it surpassed $91 million on March 15.
Published at Fri, 12 Apr 2019 08:00:24 +0000
