Cryptocurrency Market Booms EOS, Cardano, Stellar and Neo Post Big Gains

Cryptocurrency Market Booms  EOS, Cardano, Stellar and Neo Post Big Gains

The cryptocurrency markets finally appear to be in full recovery mode at least as of Tuesday afternoon when all the major coins posted considerable leaps with most in the double digits.

The total market cap shot up to $291 billion, which is the highest it has been in almost two months.

Bitcoin shot upwards in a considerable trajectory, gaining the $7,400 mark in just under an hour. At around 6pm CET, the currency was over the $7,000 level, having traded in the $6,650-6,750 mark for most of the day. Then, a huge push came with the price spiking by 5% in a few minutes to gain the $,7100 level following another similar gain to the $7,400 level where it seems to have settled.

This sudden spike liquidated a considerable number of shorts on the BTC price according to several tweets on the BimexRekt trading bot.

However, it wasnt only Bitcoin which saw a considerable price increase, as almost all cryptocurrencies experienced meteoric rises, with EOS, Cardano and Stellar leading the pack. EOS was up by over 10% and was trading at around $8.75 at press time on Tuesday evening a significant rise of 30% over 48 hours.

NEO was up by 9% and was trading at $39.50 at press time. Stellar was also up by around 8% to breach the $0.25 level and there appeared to be further momentum for a push upwards.

Ethereum also saw a considerable rise, although the increase was a more modest 5%, still enough to breach the $500 level. Ether is now up by around 15% over 48 hours where it was testing the $400 level only a couple of days ago. Bitcoin Cash also shot up by around 8% to reach the $850 level, whilst Ripple finally broke through the $0.50 barrier after having been well below that mark for several weeks.

Smaller market cap currencies also had an impressive boost with Cardano leading the way and jumping 10% to well over the $0.168 level.

Ethereum Classic posted slightly more moderate gains but still was trading at very close to the $18 level whilst Dash jumped 8% to the $260 level. Litecoin was up 6% to the $89 level whilst coins such as Ontology and IOTA posted more moderate gains of 3 and 5% to prices of $3.85 and $1.14, respectively. Tron was also up 10% and was almost at the $0.04 level, whilst VeChain and ICX also posted increases of around 3 and 10 percent respectively.

Featured Image from Shutterstock

Join CCN's crypto community for $9.99 per month, click here.
Want exclusive analysis and crypto insights from Click here.
Open Positions at CCN: Full Time and Part Time Journalists Wanted.
17.07.2018 / 14:40 58
Crypto Markets Consolidate Gains  Bitcoin Price at $6700 Crypto Markets Consolidate Gains
The cryptocurrency markets continued to post a positive performance on Tuesday, with almost all Top Ten coins posting considerable increases. As at
Cryptocurrency Markets Gear into Recovery Mode as EOS Rises 8% Cryptocurrency Markets Gear into
The cryptocurrency markets appear to be in recovery mode on Monday after a rather torrid week where most coins reached 2018 lows. Chief of the pack
Cryptocurrency Markets Dip as Bitcoin Price Drops to Sub $6600 Levels Cryptocurrency Markets Dip as Bitcoin
The cryptocurrency markets took another dip on Tuesday morning as most of the major Top 10 cryptocurrencies suffered significant losses. The big
Happy Sunday in Crypto Land as Markets Pump by $14 Billion Happy Sunday in Crypto Land as Markets
FOMO Moments Crypto land is doing well today, altcoins on the up include Bitcoin Cash, Neo, Tezos and Bitcoin Diamond. The weekend has been a little
Cryptocurrency Market Cap Clips $300 Billion as Bear Trap Liquidates Shorts Cryptocurrency Market Cap Clips $300
The cryptocurrency market cap briefly clipped the $300 billion mark on Thursday, a phenomenon that occurred as the result of an apparent bear trap in
EOS Price Double Digits Gain While Breaking Declining Trendline EOS Price Double Digits Gain While
It has been only a week since our team reported on EOS price development rocketing its way up to $7.00 with 22.00 percent increase being the highest
Comments (0)
Add a comment
Comment on