Top Cryptocurrencies of the Week – As at Aug 15, 2018
- Bitcoin (BTC) -This week as the cryptocurrency market took a dramatic fall as we continue to face ETF rejections and delays. Bitcoin demonstrates robustness over most alt coins, facing a 5.27% drop while most smaller coins experienced double-digit declines in price.
- Stellar (XLM) A cross-border payments network, was the only cryptocurrency in the top 10 to outperform hold better than Bitcoin this week.
- Waves (WAVES) A decentralised exchange platform for cryptocurrencies, is one of the few cryptocurrencies this week to see a positive price movement as trading activity increases steadily on their decentralised exchange.
- Metaverse ETP (ETP) A digitized assets platform incorporating “Oracles,” provides digital identity and asset management functions on the blockchain. Metaverse’s “Blockchain as a Service” business model is demonstrating value as actual use-case adoption beyond just price speculation.
- Caleb and Brown’s Crypto Spotlight of the Week: Cardano (ADA) Created on the foundation of peer-reviewed academic papers, Cardano is the 3rd largest scaleable smart contract platform by market cap. It has just announced a Google Chrome Extension wallet, providing a much simpler way to interact with the Cardano blockchain than the previously complex interface. Currently, at only 7% of its All-Time-High price, Cardano may be nearing the bottom of its price decline.
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