Top Cryptocurrencies of the Week – As at Oct 11, 2018
- Bitcoin (BTC) – After three weeks of stable bitcoin pricing without major announcements occurring, Bitcoin has taken a small tumble.
It could potentially be looking to test the $6150 support price again. Bitfinex Short traders volume continues to be a mild 18% greater than long volumes.
60-day price volatility down to just 4%, we haven’t seen Bitcoin this steady for 2 years, since October 2016. As a comparison, since then, bitcoin’s market cap has grown 10 times while trading volume has grown 80 times.
Caleb and Brown’s Spotlight Cryptocurrencies of the Week:
- TRON (TRX) – The smart contract platform claims to be 200 times faster than Ethereum and 100 times cheaper than EOS. Their version 3.1 update goes live this week, enabling the Tron Virtual Machine for decentralised application developers and users to start testing their smart contracts.
- Basic Attention Token (BAT) – The BAT token is the payment method used by publishers, advertisers and users for the new web browser, Brave, which has gathered an impressive 4.6 million active users in a short amount of time.
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