Tezos (XTZ) Gains 7% Amid Listing On These Two Crypto Exchanges

Crypto.com, a Hong Kong-based cryptocurrency trading and payment platform has officially announced that it has added Tezos (XTZ) to its app and that it is also exploring the possibilities of implementing XTZ staking reward system for its users. This arrangement will enable users to buy Tezos at zero costs via bank transfers and credit cards.
Tezos Now On Coinbase Pro And Crypto.com
This news comes following the report that Coinbase Pro, earlier this month, added support for Tezos as its newest tradable asset. On the 5th of August, Coinbase Pro made an official announcement to inform its users of the newly available crypto assets which it had just added to its platform. Later on, Coinbase also confirmed about 8 other crypto assets for which it was exploring support including waves and two other cryptocurrencies; Harmony and Matic Network which launched via Binance Launchpad. However, BNB, Binance native cryptocurrency was left out of the options.
XTZ Up Rougly 5%
Tezos caught the bullish fever following its recent news of Coinbase Pro support. Surging up consistently for about 24 hours after the announcement, Tesoz had touched around $1.23 dollar per unit of the cryptocurrency. Although later giving in to some selling pressure as a result of the bull run, XTZ had slumped by a few percents to settle at $1.05 by the 15th of August. Over the last 24 hours, XTZ has surged up by another 5%, landing a price of $1.15.

Tezos Foundation is a non-profit with a blockchain built on the new Proof-of-Stake system. It is based in Switzerland. It conducted an ICO in 2017 in which it raised $232 million.
Tezos Steadily Developing Since ICO
Since its launch, Tezos has been showing great prospects every time it appears in the news. Earlier this year, in February, Elevated Returns (ER), a financial group which focuses on digitizing traditional financial assets and popular for its tokenization of the St. Regis resort in Aspen, made an official announcement that it chose Tezos as the blockchain on which it aimed to provide fully compliant tokenized real-estate offerings to qualified investors.
Most Recent Milestones
Later on in July, Banco BTG Pactual S.A. in collaboration with Dalma Capital, a Dubai based asset manager, announced plans to utilize the Tezos blockchain for Security Token Offerings (STOs).
Thursday, Bitfinex announced that would allow its customers and investors to trade tezos, alongside Stellar against both Bitcoin and US dollar, and also to make deposits for the token.
 
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Source: CoinGape

Tezos Price Analysis: XTZ Leads The Altcoin Park with a Formidable 16% Rise

Tezos impressive 16.2% increase in value is unmatched among the top twenty cryptocurrencies.
The 50 SMA gap above the 100 SMA is cementing the bull’s position on the market.

Tezos is taking advantage of the ongoing bullish momentum across the cryptocurrency market to break away from altcoin park. The digital asset currently holds the 15 positions with a market cap of $967 million. The impressive 16.2% increase in value is unmatched among the top twenty cryptocurrencies. The other market leaders lagging behind Tezos include Bitcoin (BTC), Bitcoin SV (BSV) and Monero (XMR).
The one-hour chart shows XTZ still flying the bullish flag high above the cryptocurrency horizon. This marvelous performance comes barely a week after Tezos was supported in the leading cryptocurrency exchange in the United States, Coinbase. The legs from the well-anchored primary support area between $1.00 and $1.10 are holding strong. Besides, the support on Coinbase stirred the price into a higher range between $1.2 and $1.2.
The gains in the last 24 hours further strengthened the uptrend boosting Tezos above $1.4. An intraday high has been formed at $1.4657. However, $1.5 resistance level remains unconquered.
Tezos Technical Picture – XTZ/USD 1-hour chart
Chart source: Tradingview 
The hourly chart clearly shows that Tezos bulls are in control. The 50 Simple Moving Average (SMA) has continued to provide support from the primary support area. Reversal from the current highs is likely to bounce off the 50 SMA. Moreover, the 50 SMA gap above the 100 SMA is cementing the bull’s position on the market. In addition to the above support areas, XTZ/USD will find support at $1.0 and the primary support.
The Moving Average Convergence Divergence (MACD) is moving higher within the positive territory. Besides, the signal is almost back to the levels seen earlier this week. Its current horizontal trend points XTZ in a sideways trading direction.
Tezos Key Technical Levels
Support Areas: $1.200 and $1.00.
Resistance Areas: $1.500 and $1.600
Moving Averages: Increasing 5 SMA gap above the 100 SMA cement buyers’ presence.
MACD: Horizontal at +0.0400 suggests incoming sideways trading.
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Source: CoinGape

TokenSoft partners with Tezos; will support issuance of security tokens on the blockchain

TokenSoft, a San Francisco-based token issuance platform, has officially announced issuance of security tokens on the Tezos Blockchain. According to a blog post released by TokenSoft, users of the platform would be able to provide compliant and tokenized securities on Tezos following which, TokenSoft’s Knox, an enterprise-grade cold storage custody solution for tokenized securities will […]
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Source: AMB Crypto

Crypto-Market Top Weekly Performers: Bitcoin, XRP, Monero, Tezos, Binance Coin

The first week of July witnessed a big roller-coaster of price sentiments. Bitcoin started the week strongly with a bullish move after a pullback of nearly 30%. However, the Bitcoin price witnessed a sharp plunge on 4th July, which has again put the bulls on hold.
Nevertheless, Bitcoin has continued to hold its position above $11,000, which has left the traders uncertain. However, if it continues to hold and consolidate above this level, it will be a strong positive signal for Bitcoin.
BTC/USD 1-Day on Bitstamp (TradingView)
Opening Price: $10525
Closing Price: $11,300
The weekly Gains: 7.3%
Weekly High/Low: $12061/$9614
XRP
XRP and other cryptocurrencies have recorded losses w.r.t. to Bitcoin in the past couple of weeks. Nevertheless, XRP continues to hold critical support above $0.385.
The increasing attention towards Bitcoin and Libra had continued to raise doubts around the prospects of the XRP. However, Ripple has continued to work strongly in developing partnerships with banks and money transmitters to increase the adoption of xRapid.
XRP/USD 1-Day Chart on Binance (TradingView)
Opening Price: $0.393
Closing Price: $0.398
The weekly gains: ~0.05%
Weekly High/Low: $0.44/$0.349
 
Monero [XMR]
Monero is the most popular privacy-focused cryptocurrency whose developers have always advocated complete decentralization and an advanced protocol for seamless transfer of value and mining.
Recently, the lead developers team also disclosed a glitch that could have potentially led to the theft of the cryptocurrency Exchanges. The market sentiments around Monero are slightly let down because of regulatory concerns. However, many advocates of privacy prefer Monero than any other cryptocurrency.
Also Read: This Week in Cryptos: Binance to Support Dogecoin while Cuba Looks towards Cryptos
XMR/USD 1-Day Chart on Binance (TradingView)
Opening Price: $88
Closing Price: $98.5
The weekly Gains: 11.9%
Weekly High/Low: $101/$88
Binance [BNB] Coin
Binance [BNB] Coin is still looking strong as it continues to hold its support above $30. The cryptocurrency is backed by the most significant cryptocurrency Exchange in the business and has seen tremendous growth this year. Some of the other Exchange backed tokens like Huobi Token and LEO Unus Led from Binance have also performed well during the week.
BNB/USD 1-Day Chart on Binance (TradingView)
Opening Price: $31.8
Closing Price: $33.3
The weekly Gains: 4.7%
Weekly High/Low: $37.7/$27.8
Tezos [XTZ]
Tezos [XTZ] was the best performing cryptocurrency this week whose rise can be attributed to the $1 billion security token deal with one of the largest Brazilian bank, Banco BTG Pactual.
XTZ/USD 1-Day Chart on Bitfinex (TradingView)
Opening Price: $0.92
Closing Price: $1.19
The weekly Gains: 29.3%
Weekly High/Low: $1.32/$0.82
Ethereum [ETH]
ETH/USD 1-Day Chart on Bitstamp (TradingView)
Ethereum, EOS, Bitcoin [Cash] and Tron [TRX] showed similar price movements with a downfall near 8% on a weekly scale. The success or failure of a cryptocurrency necessarily depends on its adoption and its profitability expectation.
Opening Price: $289
Closing Price: $294
The weekly Loss: 1.72%
Weekly High/Low: $304/$261
The rising Bitcoin dominance and the concerns around regulations on cryptocurrency and the Exchanges have further increased the uncertainty around investments in altcoins. However, as it moves away from speculation, it can be perfect for the growth of these currencies.
*The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $1 billion is 0.3%. Hence, for Analysis purpose, we will only consider cryptocurrencies with a total market capitalization $1 billion or more. For future analysis, we’ll try to maintain ~0.25% as a standard for the calculation.
**The data is taken at around 11: 00 Hours UTC on 30th June 2019.
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Source: CoinGape

Brazil’s BTG Pactual Selling $1 Billion in STOs Using Tezos Blockchain

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Brazil’s BTG Pactual Selling $1 Billion in STOs Using Tezos Blockchain
The Tezos Foundation announced signing a $1 billion deal with South America’s largest standalone investment bank, Banco BTG Pactual, and the Dubai asset management firm Dalma Capital to use Tezos blockchain for Security Token Offerings (STOs).
Brazil’s BTG Pactual Selling $1 Billion in STOs Using Tezos Blockchain

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Source: CoinSpeaker

John McAfee: Bitcoin will be beaten by three altcoins in particular; shill or shade?

The computer programmer turned libertarian poster-boy, John McAfee, has long been considered a Bitcoin bull. However, it would seem that the now U.S presidential candidate and crypto-messiah has switched sides and left the king coin’s side. As champagne bottles were popping following Bitcoin’s $12,000 breakout, McAfee decided to take up the cause of altcoin sobriety. […]
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Source: AMB Crypto

Crypto Market Wrap: All Eyes On Bitcoin as Altcoins Consolidate

Crypto markets consolidating today; Bitcoin takes a breath, LTC back up,  XRP, EOS and Tezos retreating.
Market Wrap
Crypto markets have remained in consolidation for the past 24 hours. Very little movement has occurred on most of the majors as Bitcoin shows no direction at the moment. Total market capitalization remains around $285 billion this Wednesday morning.
Bitcoin peaked at $9,250 yesterday but failed to hold that level, sliding just below $9k three times in the past 12 hours. It did recover back above it every time though and is currently sitting at $9,150. With heavy resistance above $9.5k and a new support zone at $8.7k BTC could consolidate here for a while.
Ethereum is still stagnant, dropping back below $270 again in a downside correction. The next key support level is $260 and a fall through this could lead to larger losses for ETH. Without any clear fundamentals it is hard to see where else it can go in the short term.
Altcoin Outlook
Red dominates the top ten during today’s Asian trading session. XRP could not hold on to its gains despite the big partnership announcement and has fallen back over 3 percent to $0.43. Bitcoin Cash, EOS and Stellar are shedding a similar amount as altcoins remain weak. Only Litecoin and Binance Coin are in the green, but only just as these two continue to hold strong.
The top twenty outlook is also mixed but most crypto assets remain flat for another day. Ethereum Classic and Tezos are the only two that have really moved in the past 24 hours and both are falling back. Zcash is making a comeback and is about to flip NEM for that 20th spot as ZEC grabs 8 percent on the day.
FOMO: Insight Chain Cranks
The pump of the day has gone to INB which has spiked 85 percent to reach $0.34. There does not appear to be anything obvious fundamentally driving this EOS based blockchain project. Nearly all of the volume is on one exchange, Livecoin, indicating that the pump is probably manipulated.
Ardor is doing well today with a climb of 26 percent and privacy based Zcoin is third with a 16 percent gain on the day. At the red end of the top one hundred is Aurora which probably isn’t worth mentioning any more. Zilliqa and Chainlink are also dumping over 7 percent each.
Total market cap 24 hours. Coinmarketcap.com
Total crypto market capitalization has not really changed much over the past day. It is back to yesterday’s level of $284 billion with a daily volume of $54 billion which has fallen significantly this week. Altcoins are still largely frozen as Bitcoin continues to dominate, still commanding over 57 percent of the market.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Source: New feedNewsBTC.com

Crypto Analyst: IEO Tokens Matic, Harmony One, More to Bring 1000x Returns to Holders

Upon any visit to crypto Twitter or any online cryptocurrency community for that matter, and you’ll be hard pressed to avoid over the top shilling of the recent IEO tokens, notably the Binance Launchpad-born tokens, Harmony One, Celr, Fetch, BitTorrent Token, and the Coinbase Ventures-backed Matic.
While the shilling may be relentless, the incessant mentions of these tokens could be other crypto traders doing the community a solid. A common thread throughout the crypto space is that these hot and hyped, shiny new tokens have serious momentum behind them, and have never experienced a bull market before.
Matic, Fetch, Celr, BitTorrent, Harmony One: IEO Coins Could 1000x
During the 2017 crypto bull run, there were two major factors in capturing the mainstream media and public’s attention: Bitcoin and its meteoric rise to its all-time high of $20,000, and the initial coin offering craze that allowed eager crypto investors to get in on the ground floor of a blockchain or crypto startup, and often led to enormous gains. But that bubble popped, and ICOs quickly found themselves in the crosshairs of the United States Securities and Exchange Commission and those that launched the popular crowdfunding efforts are being accused of unlawfully offering unregistered securities.
Related Reading | Matic Moons on Binance Launchpad Endorsement 
Now, as a new bull market begins to take shape, crypto analysts are expecting tokens born from a new crypto crowdfunding trend called the IEO – the initial exchange offering – to replace the ICO explosion, and the early coins birthed by such a format could bring crypto investors who buy and hold the new assets as much as “1000x” returns in future.

I haven’t said anything so far about$ONE$MATIC$BTT$CELR$FET
But if the past ICO pattern repeats, some of the new IEO coins may deliver 100-1000x returns from IEO price/lows with Buy & Hold approach
Does any of them have a potential & Why?#Bitcoin #Crypto #IEO REPOSTING
— Trading Room (@tradingroomapp) June 11, 2019

According to one crypto analyst, these IEO tokens, namely the Binance Launchpad tokens, are primed and ready to become the top performers during the next crypto bull run that is starting to take shape. The bullish analyst believes that these IEO tokens could repeat the pattern of the ICO boom, and “may deliver 100-1000x returns” with a buy and hold strategy.
This means that simply buying an IEO early enough, could bring investors 1000x returns without having to make any additional trades.
Price Discovery and Lack of Resistance Can Send New and Hyped Crypto Prices Sky High
It’s not just IEO tokens like Matic and Harmony One that are being positioned by leading crypto analysts as the next bull run’s top performers.
Like IEO tokens, some other, newer cryptocurrencies are garnering far more hype than any of the tokens from previous market cycles, except for maybe Litecoin, which has outperformed the rest of the space.
Other crypto coins with serious hype, are Ravencoin, Holochain, Tezos, Cosmos, and a select few others that have yet to experience a full-blown bull run. These tokens have also performed relatively well throughout the bear market.

Part of the reason for these tokens to surge so strongly, is due to the lack of the assets ever going through price discovery, and the lack of overhead resistance between current prices and the moon. But beyond these technical reasons, each of the IEO projects is also fundamentally sound, and has already received the support of the crypto exchange they were launched on.
Related Reading | Ravencoin, HoloChain, and Binance IEO Altcoins Expected To Skyrocket Next Bull Run
In a market driven on pure speculation, the most hyped coins often perform the best regardless of use case, price, ROI, and more. Such hype  could cause investors to FOMO hard into these shiny new tokens and cause them to 1000x as analysts suggest.
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Source: New feedNewsBTC.com

Tezos replaces CFO with PwC Switzerland’s blockchain creator

Tezos Foundation announced the hiring of Roman Schnider, the former Assurance Director at PricewaterhouseCoopers(PwC) and Co-creator of its blockchain initiative. Schnider will take on the role of Chief Financial Officer and Head of Operations in summer 2019.
Over the past year, PwC Switzerland has served the role of an independent external auditor of the Tezos Foundation’s finance and business operations. This has allowed Schnider to become familiar with the Foundation and its protocol. Schnider was quoted as saying, 
“I sincerely look forward to joining the Tezos Foundation.Together, we will work to serve and support the Tezos community in the most effective, efficient and transparent way possible.”
Ryan Jesperson, President of the Tezos Foundation, stated,
“As the Foundation continues to provide resources to a growing Tezos ecosystem, the CFO and operations lead will be critical to our success.
Roman’s experience makes him the ideal finance and operations specialist for our team. He is already familiar with the opportunities and challenges blockchain projects face and has a deep understanding of the Tezos Foundation from his time at PwC Switzerland.”
Roman Schnider has been with PwC for nearly 15 years and is now going to replace Eelco Fiole, who joined Tezos only five months ago. Schnider had launched PwC’s blockchain and cryptocurrency assurance department back in 2016. His work was not limited to a single field, with Schnider working in various roles with a special focus on investment banking.
Jesperson conveyed his gratitude to Eelco Fiole by saying, “We want to thank Eelco for his contribution to the development of the Foundation and wish him all the best.”
The post Tezos replaces CFO with PwC Switzerland’s blockchain creator appeared first on AMBCrypto.
Source: AMB Crypto

Tezos Foundation awards grant for development of tezblock; initiates concept of ‘Minimal Viable Product’

According to a Medium post, it was announced that Papers, the organization responsible for the development of crypto wallet AirGap, has been awarded funds for the development of tezblock. The grant was sanctioned by the Tezos Foundation for meaningful block exploration accessibility of Tezos.
The grant could be very essential from the development perspective of Tezos as tezblock, which is a block explorer for the virtual asset, focuses on making the Tezos protocol more available and validating the data with a better approach.
The post also stated that the tezblock code would be open-sourced under an MIT license and the grant would assist the organization in initiating the initial concept towards a “Minimal Viable Product.”
Following the announcement the post said,
“We want to take a user focused approach with tezblock and build this explorer according to user feedback. Block explorers are being used by different user groups with various requirements.”
Lately, Tezos has been making waves in the crypto-industry after its parent blockchain made history after the activation of two separate backward-incompatible changes. Its recent upgrade termed as the “Athens A” for smart contracts and decentralized applications was decided via on-chain voting involving all the stakeholders.
Arthur Breitman, Co-founder of Tezos, stated,
“You can do more things in one block, and the main reason for that is that when the network launched, anyway, it was very new and limit was set at a pretty conservative value.”
At press time, Tezos was valued at $1.30 and it exhibited an impressive growth of 4.37 percent over the last 24 hours. The market cap for the virtual asset was around $850 million, at press time.
The post Tezos Foundation awards grant for development of tezblock; initiates concept of ‘Minimal Viable Product’ appeared first on AMBCrypto.
Source: AMB Crypto

Crypto Market Wrap: Litecoin Leading Markets Higher With 10% Pump

Crypto markets inch up slowly; Litecoin and Tezos on a charge, BSV falling further back. 
Market Wrap
As we end another week in crypto land markets are starting to pick up a little. There has been no major breakout for Bitcoin yet but some of the altcoins are doing well and green is back in the tables. As a result total market capitalization is back over $250 billion again.
Yet again Bitcoin pushed just above $7,900 for an intraday high before pulling back. It subsequently dropped below $7,500 again hitting support for a double bottom. At the time of writing BTC is back to $7,900 trading flat on the day.
Ethereum has done virtually nothing over the past 24 hours and is still lulling just below $250. ETH is very unlikely to move until its big brother does, and it will definitely be in the same direction.
There is a little more activity in the top ten during today’s Asian trading action. Green dominates over red and Litecoin is the clear leader with a push of 10 percent to $113. Less than 60 days to the halving is driving momentum for LTC which is likely to climb higher in the coming weeks. Market cap has now surpassed $7 billion and it is very close to flipping BCH for fourth. XRP is the other mover today as it gains 5 percent as rumors of a MoneyGram buyout circulate. BSV continues to get dumped.
The top twenty cryptos have seen a lot of movement from Tezos which has surged 14 percent to $1.36. There does not appear to be a lot fundamentally feeding the fomo aside from rumors that Coinbase Custody is loading up on XTZ. The rest in this section are a percent or two in either direction today.
FOMO: Metaverse ETP Pumps
ETP is getting another spike today as it rises 16 percent following a recent Finwise event in Hong Kong. Aside from Tezos, HyperCash is also doing well gaining 13 percent on the day and Decentraland is up 11 percent.
Getting dumped at the messy end of the crypto top one hundred is Maximine Coin sliding 18 percent. Yesterday’s pump, SOLVE, is today’s dump as it drops 14 percent and the crypto stalwart MaidSafeCoin is losing out on the day sliding 11 percent.
Total market cap 24 hours. Coinmarketcap.com
Total crypto market capitalization has picked up marginally, adding $3 billion to reach $253 billion. Volume is at $70 billion and the minor move not been enough to signal a wider break out yet. All eyes are still on Bitcoin which has dropped back in dominance slightly at the expense of Litecoin.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Source: New feedNewsBTC.com

EOS Forces Litecoin Out of Top 5 Crypto List Ahead of a Big Announcement

Coinspeaker
EOS Forces Litecoin Out of Top 5 Crypto List Ahead of a Big Announcement
EOS has replaced Litecoin in the list of top 5 crypto by market cap while the community is waiting for a “big announcement”.
EOS Forces Litecoin Out of Top 5 Crypto List Ahead of a Big Announcement

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Source: CoinSpeaker

Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance

Bitcoin bulls have turned out to be more relentless than most traders would have predicted from its historic prices. Moreover, the fundamentals around Bitcoin [BTC] seem to be stronger than ever with the Bitcoin virus spreading to the east now. Mati Greenspan, the senior market analyst at eToro tweeted,
“BTC on the move again… Asian market certainly doing their bit today.”
This is coming after a huge pullback on 17th May 2019. A Bullish Marubuzo with was seen in the 0: 00-4: 00 Hours UTC on 19th May as the market broke above $8000 again. This the second time the market has attempted to break it after a huge correction.
BTC/USD 1-Day Chart on Bitstamp (TradingView)
The other four performing coins
Opening Price: $6968
Closing Price: $8109
The weekly gains: 16.3%
Weekly High/Low: $8390/$6178
Binance [BNB] Coin
Binance [BNB] coin was trading in the red in the last week’s update trading around $20. Nevertheless, the token started picking up value again as normal operations began at Binance Exchange after the hack. This week Binance also initiated the process of burning token from the Ethereum blockchain to process them on the native Binance Blockchain.
BNB/USD 1-Day Chart on TradingView
Opening Price: $20
Closing Price: $29.5
The weekly gains: 47.6%
Weekly High/Low: $32.2/$19.9
Stellar [XLM]
Stellar’s rise was higher than most coins during the week as it held gained 35% on a weekly scale. The Stellar validators were reportedly shut down for two hours on 15th May 2019. As Bitcoin continued to correct and rise, Stellar held it gains above 0.00001750 BTC.
XLM/USD 1-Day Chart on Bitfinex (TradingView)
Opening Price: $0.10
Closing Price: $0.14
The weekly gains: 40%
Weekly High/Low: $0.16/$0.117
Ethereum [ETH]
Ethereum has been the top performer in leading altcoin gains in terms of total market capitalization. The total market capitalization of Ethereum is above $25 billion. It still accounts for more than 10% of the total capitalization of cryptocurrency markets.
Also Read: Ripple’s XRP and Ethereum Fight for 2nd Place Behind Bitcoin In The Wake of a Bull Run
ETH/USD 1-Day Chat on Coinbase (TradingView)
Opening Price: $188
Closing Price: $259
The weekly gains: 38%
Weekly High/Low: $281/$185
Tezos [XTZ]
Tezos [XTZ] has been one of the best performing coins of the year. It has gained more than 100% before the bull run on Bitcoin began. The gain was influenced by the Coinbase allowing Tezos [XTZ] as the first coin which could be staked/forged on the Coinbase Custody platform.
It was on the rise again this week as the market seems to have broken bullish since the beginning of the month. It broke above $1.75 as it set sights on to $2.
XTZ/USD 1-Day Chart on Bitfinex (TradingView)
Opening Price: $1.24
Closing Price: $1.77
The weekly gains: 43.4%
Weekly High/Low: $1.833/$1.23
XRP, Dash, IOTA, and Cosmos [ATOM]
The almost all altcoins were in the green on a weekly scale. While the above-mentioned cryptocurrencies rose higher than the rest, XRP, Dash, IOTA, and Cosmo [ATOM] also registered more than 20% gains.
The gain in XRP was considerable as it broke above the $18 billion market capitalization. Moreover, the weekly rise is about 25%. The dominance of XRP over cryptocurrency market is about 7%. The rise of Dash, IOTA, and ATOM is 21%, 31% and 23$ respectively on a weekly scale.
XRP/USD 1-Day Chart on Bitstamp (TradingView)
*The percentage dominance of cryptocurrencies w.r.t. to the total market capitalization of the market at $0.5 billion is 0.23%. Hence, for Analysis purpose we will only consider cryptocurrencies with a total market capitalization $0.5 billion or more. For future analysis, we’ll try to maintain 0.25% as a standard for the calculation.
**The data is taken at around 11: 00 Hours UTC on 19th May 2019. 
The post Crypto-Market Top Weekly Performers: Bitcoin, Ethereum, XRP, Stellar, Tezos, Binance appeared first on Coingape.
Source: CoinGape

Crypto Market Wrap: Correction Cools Off But May Not Be Over Yet

Crypto markets recover from their epic plunge; Binance Coin, Cosmos, NEM bounce back, Tezos still falling. 
Market Wrap
The brakes have been put on the big crypto pullback for now as things settle down while we enter the weekend. Bitcoin’s plunge had been halted above $7,000 yesterday and the altcoin avalanche came to an end, for now. Total market capitalization has moved back above $230 billion once again.
Bitcoin hit an intraday low of $7,045 a few hours ago but has already begun to march back upwards and is currently trading above $7,400. Volume, however, is starting to trail off which could be a sign of further downsides. The correction may not be over just yet.
Ethereum has remained stable over the past 24 hours and is trading just above $240. Since last weekend ETH has pumped an epic 37 percent and things are still very bullish in this camp.
The top ten is back in the green again during early morning Asian trading. Binance Coin has rebounded with a surge of 8 percent following yesterday’s double digit dumps. This has sent BNB back over $26. Stellar and Cardano are both recovering 4 percent today following their 14 percent dumps yesterday.
The top twenty is also starting to regain its composure after yesterday’s digital avalanche. Leading things at the moment are Cosmos and NEM both getting an 8 percent boost. Tron and IOTA are both up over 5 percent and the rest are all up a little. That is aside from Tezos which is in the red dropping 3 percent at the time of writing.
FOMO: SOLVE Surges into The Top 100
Today’s FOMO goes to SOLVE which has pumped 37 percent entering the top one hundred. South Koreans are all over it on Upbit which is getting over 60 percent of the total volume. The Ukrainian healthcare administration and payments based blockchain project token is selling like hot cakes at the moment.
BitTorrent Token is also getting a dose of FOMO as it pumps 28 percent on the day and Holo is the third altcoin above 20 percent. There are no major dumps going on right now but at the bottom of the pile is Dent and Tezos.
Total market capitalization 24 hours. Coinmarketcap.com
Total crypto market capitalization has regained a couple of percent to reach $232 billion today. After such an epic dump which lost over $30 billion it was inevitable that cryptos would pick up a little, however. Daily volume has dropped back to $93 billion (which is still very high) and the weekly and monthly uptrends are still holding for now.
Market Wrap is a section that takes a daily look at the top cryptocurrencies during the current trading session and analyses the best-performing ones, looking for trends and possible fundamentals.
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Crypto-Market Update: MCap Nears $250 Billion; Alts XRP, ETH, BNB, XTZ Join Bitcoin’s [BTC] Bull Run

Bitcoin [BTC] rose from $6000 to $8000 in less than a week. The gain on Bitcoin since the beginning of the month is 52.2%. Moreover, the sudden unprecedented rise made the altcoin traders wary of their investments as it continued to lose value to BTC. Altcoins traders which seemed to be losing value to Bitcoin maximalists are finally seeing green in their ledger.
Bitcoin’s rise cooled of near $8000 for the moment, the low and high from yesterday was $7621 and $8350 respectively. The price of BTC at 4: 00 hours UTC on 15th May 2019 is $8031.
XRP and XLM Continue Gaining on Consecutive Days
XRP seemed to begin the altcoin run as it gained more than 30% on Tuesday. It has continued to gain on the following day as well, as the price of XRP is trading 20.66% higher on a daily scale. The price of XRP at hours UTC on 15th May is $0.432.
XRP/USD 4-Hour Chart on Kraken (TradingView)
Stellar (XLM) which is closely related to ripple in terms of audience and vision rose with the ride as well. The price of Stellar is $0.119. It is trading 13.5% higher on a daily scale.
Ethereum, Bitcoin Cash [BCH], Litecoin [LTC]
Ethereum, the second largest cryptocurrency according to total market capitalization; it added another $2 billion to it in the past day. Moreover, Ethereum also rose w.r.t. Bitcoin [BTC] as it climbed back above 0.027 BTC.
ETH/BTC 1-Day Chart on Coinbase (TradingView)
Bitcoin Cash [BCH] and Litecoin [LTC] trading were trading at par on a daily scale. However, the rise in Bitcoin Cash [BCH] has been impressive almost equivalent to Bitcoin [BTC] as it gained almost 50% since the beginning of the month.
BCH/USD 1-Day Chart on Coinbase (TradingView)
The gain on Litecoin [LTC] has been in double digits as well. It broke above the $78 support and resistance, to trade in the $90 range.
Binance [BNB] Coin Breaks $25
Binance [BNB] coin broke above its previous all-time high as it traded above $25. The price which was looking towards the downside last week due to the hack at Binance Exchange has recovered to cement its 7th position w.r.t total market capitalization.
BNB/USD 1-Day Chart on TradingView
BNB seems to be getting resistance from the all-time high levels as it tries to break it for the third time in a month.
Tezos [XTZ], Cardano’s ADA and Tron [TRX] and IOTA Record Double-Digit Gains
Many altcoins traded in the green with double-digit gains on a daily scale. While all ‘good’ alt projects have been in the development phase in the past year, there was no specific reason for the rise of these altcoins except the bull run from Bitcoin [BTC].
Amongst the $1 billion MCap cryptocurrencies, Tezos [XTZ], Cardano’s ADA, Tron [TRX] and IOTA gained above or around 10%. ADA and TRX gained 11.6% and 10.7% on a daily scale. The price of ADA and TRX at 4: 00 hours UTC on 15th May 2019 is $0.085 and $0.0284 respectively. Furthermore, the gains on XTZ were more stupendous as its price broke above $1.6. It gained 17.4% on a daily scale.
The total market capitalization of the cryptocurrency market is closing in on $250 billion as it added about $4 billion in the past day. The dominance of Bitcoin [BTC] corrected from its yearly high of 60%, currently at 58.2%.
With the bull run in progression do you think we’ll reach 2017 highs soon or more accumulation is required? Please share your views with us.
The post Crypto-Market Update: MCap Nears $250 Billion; Alts XRP, ETH, BNB, XTZ Join Bitcoin’s [BTC] Bull Run appeared first on Coingape.
Source: CoinGape