IOTA, Ethereum (ETH), & Bytecoin (BCN) – The cryptocurrency market is riding the line today, as most coins are just barely in the red. The total market cap is currently hovering slightly over $430 billion. Bitcoin (BTC) is currently trading just over $9,000 and is holding around 36% of the market dominance.
Let’s take a closer look at the coins that are leading the top 20 today.
As you can see from the chart above, MIOTA had a sharp price increase early this morning but has since corrected.
It seems that Huobi will start trading IOTA tomorrow on its trading platform. This may be the reason for its spike, even though it had been announced for an earlier date and then delayed.
IOTA Trading Starts on May 08 17:00 (GMT+8)
— Huobi Pro (@Huobi_Pro) May 8, 2018
A few hours later, the IOTA Foundation announced its newest member after the coin had already risen and then corrected.
— IOTA (@iotatoken) May 8, 2018
At press time, MIOTA is trading at $2.38 a coin, up 10.48%, in 24 hours.
As you can see from the chart above, Ethereum has had quite the bullish month. While its scaling solution has yet to be completed, many projects are diligently working on it. It seems investors have gained confidence in the Ethereum Foundation and its platform.
ETH is currently trading at $734.50 a coin, up 1.41%, in 24 hours. For the week, ETH is up just over 13% and for the month, it is up almost 85%.
Bytecoin (BCN), the 17th largest cryptocurrency, is leading the top 100 cryptocurrencies by a large margin today.
I’m so proud to announce that Bytecoin is listed on @binance!!! A million thanks to everyone who participated in the integration process! And a huge thank you to our community for staying with us for all this time! @jnfgoldberg #BCN #binance #ByteCoin
— Bytecoin BCN (@Bytecoin_BCN) May 8, 2018
— Binance (@binance) May 8, 2018
Early this morning, Binance listed Bytecoin on its exchange.
The coin spiked nearly 170% immediately after the announcement. Since, the coin has corrected and is currently trading at $0.0114 a coin, up 68.68%, in 24 hours.
Bytecoin is a privacy coin, similar to Monero and Verge.
Featured Image: Play