ForexMinute.com – This is the first time in history when the two nation-based cryptocurrencies have managed to score a position in the top ten cryptocurrencies list (by market cap). The new one to enter the party is recently launched Israel-based cryptocurrency Isracoin, whose current market cap has surged to around $11 million.
While the small altcoins are promising a big future, the big coins are seeming to lose their charm if the last 24 hours are taken into context. At one point there is Bitcoin, whose value is stable but is hardly recovering from the blow it faced on April 2, in response to the PBOC warning to halt cryptocurrency exchanges from using conventional banks in China. At another point, there are Litecoin, Dogecoin, Peercoin, Auroracoin, amongst other coins that are falling continuously in an accord.
Last 24 hours are although stable for cryptocurrencies if compared to last week’s performance.
We all are still waiting for this Dark Knight to rise again. Though stable, the BTC/USD has fallen around 1.5% in the last 24 hours and is currently trading at around $451. In the early hours, the pair was trading at its day’s peak around $459. Following the news of Bitcoin’s developer resigning from his chair of lead developer and assuming the role of Chief scientist of the Bitcoin Foundation, somehow affected BTC/USD prices and brought the pair to around $445. The same value also acted as a support tothe pair and since then its value has increased to a stable position.
Dogecoin, Litecoin Tumble
Among the altcoins, Litecoin and Dogecoin have been in the news the whole day for their possible merged mining. It although didn’t help both the coins in performing well on the trade markets, but instead instilled a fear among miners and investors regarding the possible effect of the upcoming launch of Scrypt ASICs on both the coins.
Meanwhile, the LTC/USD reached to the peak value of $11.891 within the last 24 hours, while the lowest was $11.106. There is indeed a huge difference between the Litecoin peak and low value during the hours where the aforementioned news went viral. The pair although recovered lately, and reached to a comfortable value around $11, following which it is seeing minor fluctuations.
The LTC/USD is currently trading at $11.34 and has fallen 4.56% in the last 24 hours.
The DOGE/USD pair, likewise the LTC/USD, has fallen 4.68% and is currently trading at $0.00045
Israel’s Unofficial National Cryptocurrency Isracoin Now wears the 10th Largest Market Cap
While doing our first story on Isracoin, we haven’t actually thought that the coin will bag a position in the top ten cryptocurrencies (by market cap). The recently launched Israel national cryptocurrency surprised us, and the world, and now wears the 10th largest market cap and is the second nation-based digital currency after Auroracoin to have entered the league of extraordinary coins.
To contact the reporter of the story: Yashu Gola at email@example.com