The cryptocurrency market has broken over the $500 billion mark early today. Most of the coins in the top 100 are all seeing gains. It seems the total market is on a steady upward climb, which is a relief because it’s been a bumpy ride in 2018 thus far.
Here are some top coins on the market today.
As you can see from the 7-day chart above, BTC has been making steady gains this week. Many global regulations have pushed the entire cryptocurrency market down, but it seems investors have gained some confidence.
Recently it was reported that an Anonymous crypto trader bought $400 million USD worth of Bitcoin. This investor bought the digital BTC tokens in increments between 02/09/2018 and 2/12/18. This unknown individual has definitely affected its price increase, but it remains unknown what they plan to do with the currency.
At press time, BTC is trading at $10,775.40 a coin, up 6.93%, in 24 hours time.
Within the last 24 hours, XRP has spiked over 7% in price. Just recently, Western Union (NYSE:WU) announced that it would start testing with the Ripple blockchain. The company is looking into how it can utilize the software to settle transactions since their standard procedure typically takes a substantial amount of time.
The coin has responded positively to this news, as well as the reports that Saudi Arabia’s central bank just signed a Ripple Blockchain deal.
At press-time, XRP is trading at $1.20 a coin, up 5.63%.
Monero has broken over the $300 mark recently, despite its backlash. Why it keeps climbing remains unknown as thousands of phones have been hacked to mine XMR. Monero enthusiasts must be sticking strong to the coin and project. When hacks have arisen in the past, typically the coin corrects negatively but again, not the case in this instance.
We will see how the coin progresses as the hacked mining continues to unfold.
Currently, XMR is trading at $323.45 a coin, up 11.53% a coin.
Right now Monero is the 13th top cryptocurrency and is sitting above Tron and Lisk.
Tron’s founder, Justin Sun, used the online platform Periscope to provide a new update yesterday via Twitter (NASDAQ:TWTR). He gave out 8 million TRX to Tron followers. However, Tron Dogs just recently had an upgrade where dog store owners get ranked. An interesting turn to bump up dog sales within the Chinese New Year.
Currently, TRX is trading at $0.05 a coin, up 5.66%, in 24 hours.
Featured Image: Crypto