Ethereum (ETH), EOS and Tron (TRX) reported weekly market cap gains.
The top ten coins on the market cap index are all green.
Ethereum, EOS and Tron reported weekly market cap gains. The top ten coins on the market cap index are all green.
Ethereum (ETH) is currently trading at $514 with a market cap of $51.1 billion, up 2.3% in the last 24 hours.
EOS is currently trading at $6.46 with a market cap of $5.7 billion, up 5% in the last 24 hours.
Tron is currently trading at $0.061 with a market cap of $4 billion, up 4.5% in the last 24 hours.
The market value of the top 30 cryptocurrencies by market cap has risen slightly this week, with Ethereum (ETH), EOS (EOS) and Tron (TRX) reporting gains.
The market cap index is a measure of the capitalization of crypto assets. Market capitalization is the total dollar market value of a company’s outstanding shares. Commonly referred to as “market cap,” it is calculated by multiplying the total number of a company’s outstanding shares by the current market price of one share. The investment community uses this figure to determine a company’s size, as opposed to sales or total assets.
According to CoinMarketCap data, ETH trading at $467 at press time, up roughly 5 percent over the last 7 days and 10 percent over the last 24 hours. EOS has seen its value increase by almost 12 percent over the past 7 days, trading at $8.67 at press time. TRX is up by about 4 percent over the same period, with its value reaching $0.044 at press time.
The rest of cryptocurrency top 10 reported minor losses over the past 7 days. Bitcoin (BTC) lost roughly one percent over this period and is trading at $7,301 dollars as of press time according to data from CoinMarket
The crypto market has been going through a rough patch over the last few months as the prices of all the major coins have been on a constant decline.
However, some of the key coins in the index are seeing a little bit of good news as Ethereum, EOS and Tron have all reported gains over the past week.
These three coins have shown positive progress in their market cap values despite the overall depressing state of the crypto market.
Ethereum has seen a 2% increase in its market cap this week as it sits comfortably at $32 billion. The second-largest coin has been able to see a similar increase in its trading volume over the same time period.
EOS has also reported positive progress with its valuation rising by 2.4%. EOS is currently valued at $5.5 billion, which is a 5.6% rise from its lowest point this month.
Tron, on the other hand, has seen an even better performance than EOS as it achieved a 3% increase in its valuation over this period. The altcoin is currently sitting at $1.55 billion after hitting rock bottom at $1.3 billion late last month.
This sudden surge in value could be attributed to the fact that these altcoins are preparing
Ethereum, EOS and Tron have been among the top gainers on the market cap index. Ethereum has gained 7.2 percent in the past seven days to trade at $214 USD. EOS has gained 10.8 percent to trade at $5.22 USD while Tron has gained 16 percent to trade at $0.02590 USD.
Ethereum, the second largest cryptocurrency after Bitcoin has had a bearish run in 2018 but it appears that could be changing as the coin seems to be gaining momentum on positive regulatory news. The Ethereum price is up by 7.2% in the last one week and it appears that bulls are in charge of ETH trading price for now until a break below $200 support level happens.
Last week, Vitalik Buterin was quoted saying a bearish market is good for blockchain technologies and projects that uses these technologies should stay focused on what they are doing rather than be distracted by short term price fluctuations of coins used for transaction fees on their platforms. He said; “The fact that so many projects are still alive and some of them are thriving shows how durable blockchain technology is.”
The cryptocurrency market has been on the rise and we can see development in the market as well. The most popular cryptocurrencies are generally seeing a surge in their prices. Ethereum, EOS and Tron all reported weekly gains of over 20%.
Ethereum
The second largest cryptocurrency by market cap added over $5 billion to its market cap increasing from $12.19 billion on June 13th to $17.24 billion on June 20th. Ethereum was trading at $440 and is currently trading at $545 with a weekly growth of 23%.
EOS
The fifth largest cryptocurrency surged 25% and gained over $2 billion in market cap. From a weekly low of $10.38 on June 14th, EOS surged past $13 on June 20th. Currently, EOS is trading at $13.59 with a market cap of $12.34 billion.
Tron
Tron’s founder Justin Sun has been very active on Twitter lately and has been giving updates about the upcoming MainNet launch scheduled for June 21st, 2018 at 8:00am PDT (UTC -7). Tron’s TRX token saw an increase in its value and gained over 23%. After reaching a weekly low of 5 cents, Tron is currently trading at 7
Top Cryptocurrencies Report Modest Gains
Ethereum was among the top gainers on the top cryptocurrency market cap index. It managed to gain 2.3% over the past 24 hours, reaching the $471 price level at press time.
EOS increased by 4.1% in value over the past day, while TRON’s TRX gained 4.2%. EOS and TRON are now trading at $10 and $0.044, respectively.
Bitcoin Cash (BCH) also managed to make some progress over the last 24 hours; it is currently up 0.2%, now trading at $741. Following yesterday’s sell-off, BCH lost more than 7% in value within a span of less than 24 hours – an event which had been largely anticipated by cryptocurrency traders as a result of its upcoming hard fork.
In addition, Bitcoin SV — a fork of Bitcoin Cash — made headlines this weekend after its mining pool SV Pool mined a block that was 12 MB in size — an event which caused several major exchanges to suspend their services related to BCH transactions for about 30 minutes until the blockchain stabilized.
According to the latest data from Coinmarketcap, several of the top 20 coins by market cap have reported gains.
Ethereum (ETH) has gained around 0.67 percent in value over a 24 hour period, trading at $281.84 at press time.
EOS has also seen a rise of 0.1 percent, trading at $5.88 at press time.
Tron (TRX) is up around 2.85 percent, trading at $0.028 at press time, after reports that TRX had been listed on a major Korean exchange, Bithumb July 13.
The rest of the top 10 coins by market cap are either down or still flat on the day for most of them, as previously reported by Cointelegraph.
Earlier this week, data from Coinmarketcap showed that Ethereum had overtaken Ripple (XRP) in terms of total transaction fees paid to miners on blockchains in June 2018.