The cryptocurrency market had another rough ending to the work week. If you can see from the chart below, the market took a nosedive starting on Monday.
Source: CoinMarketCap[1]
However, it began recovering early this morning only to correct itself, again. Some coins remain in the green though but are barely hanging on. At press time, the entire market is sitting around $360 billion USD.
NEM (XEM)
XEM is currently the only coin in the top 15 cryptocurrencies that is seeing percentage gains on the market. The coin’s price saw a sharp rise early on Thursday, as it was announced that victims of the Coincheck [2]hack would be paid back next week.
Buyers flocked back to the digital token as news broke but the market as a whole continued to suffer.
At press time, XEM is trading at $0.344 a coin, up 1.96%, in 24 hours.
EOS
EOS’s price has had some high volatility within the last 24 hours. What’s most impressive about this entire project is it’s currently in the beginning stages and pre-product but is the 9th largest cryptocurrency by market cap. This coin is a long-term hold and is expected to verify 25,000 – 50,000 transactions per second. Many anticipate that this project could overtake Ethereum, but there has yet to be an update on its progress in the past few days.
At press time, EOS is trading at $5.94 a coin, down -0.70%.
>> Top 3 Cryptocurrencies by Weiss Ratings[3]
DASH
A light wallet by DASH, named DASH electrum was just released. However, many coins were compromised when third-party applications were compromised on Binance[4].
DASH saw a major spike in price earlier in the day but has since dropped. It is currently trading at $483.40 a coin, down -1.47%.
Tron (TRX)
TRX has taken a nose-dive in its price this week and is down almost -30%. The Tron Foundation announced a week ago that its main net would be launched sooner than anticipated causing the coin to shoot up 25%.
After the big announcement, many different exchanges announced they would be accepting TRX. Less than 24 hours ago, it was announced[5] that Huobi Pro would be accepting TRX, but it doesn’t seem it did anything for its price.
It remains unknown what TRX’s price will do in the near future.
At press time, TRX is trading at $0.034 a coin, down -4.37%, in 24 hours.
Cardano (ADA)
Three days ago, the Cardano Foundation launched a software update but it did not positively affect its price. ADA has also taken a large dip in price. It too is pre-product but was Weiss Rating’s top cryptocurrency pick[6] for 2018.
It remains the 7th largest cryptocurrency and
